Citizens Financial News

personal financial commitment aimed at ensuring their future stability. This holds particularly true for elderly individuals seeking to invest a lump sum without delving into high-risk markets for significant returns. Opting for the Senior Citizen Savings Scheme (SCSS) emerges as their optimal choice.

Chinese authorities have reportedly dismantled an illegal underground banking operation that moved some $2.2 billion between China and other countries using overseas “virtual currency trading platforms.”

The Office of Foreign Assets Control (OFAC) of the United States Treasury Department has filed claims against CoinList Markets, a virtual currency exchange, and the company has agreed to pay more than $1.2 million to resolve the allegations. Despite sanctions imposed by the United States against Russia, which seized Crimea in 2014, CoinList continues to execute transactions for clients residing in the Crimea area of Ukraine. This move is a reaction to the fact that Russian sanctions have been imposed.

PTI. He has been put under ‘house detention’ as of now and the Indian authorities are working through diplomatic channels to get him deported. Meanwhile, the Enforcement Directorate (ED) may also file a fresh charge sheet in this multi-crore money laundering case soon, said the officials to the news agency.

The Israeli military says it has expanded its ground offensive in the Gaza Strip to the densely populated urban refugee camps in the central part of the territory

China says it is banning a United States research company and two analysts who have reported extensively on claims of human rights abuses against Uyghurs and other Muslim minority groups native to the country’s northwest

The problem was staring up from a deck of cards, handed from one presidency to the next. As the Trump administration exited the White House, its national security team left behind some 30 baseball-style cards for the incoming Biden staff, monuments to an ancient practice that had somehow become a grave 21st-century challenge. Each bore the photo of an American held hostage abroad.

ANI. They added two persons roaming near the Israel embassy on Tuesday evening have emerged as suspects in the alleged blast incident. “We are trying to ascertain their identity and what were they doing in the area at the time of the call.

₹2 crore. The new FD rate is effective from 26 December 2023, according to the Axis Bank website. After the latest revision, Axis Bank offers FD rates of 3.50-7.10% p.a.

The State Bank of India (SBI) has hiked interest rates on fixed deposits (FDs). This interest rate is applicable on FDs below ₹2 crore. The new rate is effective from today, 27 December 2023. 

Narendra Modi has hailed the commissioning of INS Imphal, emphasizing that it signifies a moment of great accomplishment for India and underscores the nation's increasing self-reliance in defense. Modi lauded the naval excellence and engineering prowess demonstrated by the commissioning of INS Imphal, describing it as a significant milestone for Aatmanirbharta, India's self-reliance initiative.

Karnataka government plans to procure 30,000 precautionary doses of Covid 19 vaccine for senior citizens and immunocompromised people in light of the rise in cases across the state, the newly created cabinet sub-committee announced on Tuesday. Karnataka will also have a daily testing target of 5000, making it the second highest testing state after Kerala, the committee added. While there are no restrictions on New Year celebrations and gatherings, there is a general advisory to wear masks at crowded places and observe Covid appropriate behaviour.

Iran has reversed a months-long slowdown in the rate at which it is enriching uranium to up to 60% purity, close to weapons grade, the U.N. nuclear watchdog said on Tuesday. Many diplomats believed the slowdown, which had begun by June, was the result of secret talks between the United States and Iran that led to the release of U.S.

By Francois Murphy

S Jaishankar acknowledged recently but, ‘debate is still alive’ He, however, highlights that there is an alternative - Overseas Citizenship of India (OCI) and calls it ‘a step towards fulfilling the demand for dual citizenship.’ Here is all you need to know about the ongoing debate. Dual or multiple citizenship grants an individual legal status as a citizen of two or more countries simultaneously.

interest rates with effect from December 26, 2023, according to the bank's website. The revised rates are applicable for FDs worth less than Rs 2 crore. The highest interest rate for individuals can go up to 7.10% and the highest interest rate for senior citizens can go up to 7.75% in the private sector lender.

Mumbai Trans Harbour Link (MTHL) inauguration which was earlier speculated on December 25. CM Eknath Shinde earlier announced that the first phase of Mumbai’s ambitious coastal road, from Marine Drive to Worli, will be operational by the end of January 2024. “For those residing in Maharashtra.

Reverse mortgages are better suited for senior citizens who need a regular source of income, while Loan Against Property is a secured loan and can fund a wide range of requirements.

India has sought four seats for its carriers against every extra seat it allows Dubai-based airlines to operate to the country, according to people with knowledge of the matter. The demand is said to be unprecedented as international aviation trade is typically a bilateral process, based on the reciprocal exchange of rights by states. Under the bilateral air service agreement inked between the United Arab Emirates (UAE) and India in January 2014, airlines of both nations are allowed to operate a total of 66,000 seats per week between Dubai and 15 Indian cities.

Ayushman Bharat card, Jan Aushadhi Kendra, tap water connections and more hours of uninterrupted power supply. The third National Chief Secretaries' Conference, scheduled to be held on December 27-28 in New Delhi, will mull the overarching theme of 'Promoting Ease of the Living' across five key social aspects — schooling, drinking water, electricity, health and wellness and land & property. To be chaired by PM Narendra Modi, the conference will be pushing for better schemes and service delivery in both urban and rural areas, with the help of technology and good governance tools. The theme of the conference, the second one in 2023, is also quite in tune with the ruling NDA government's focus on beneficiaries of its flagship schemes or the 'labharthis' who have emerged as a unique socio-political constituency for the current dispensation. The steadfast focus on the 'labharthis' is also, in fact, being borne out in the ongoing Viksit Bharat Sankalp yatra wherein government servants have been deployed to take the message of central government beneficiary schemes and its achievements across states. In the case of the new 'Ease of Living' focus, over 5,000 officials from across state governments and the Centre have already been engaged in the exercise, holding several workshops on the five sub-themes to states and sending details of success stories and feedback. Ease of Living In a September 16 meeting chaired by the Cabinet secretary, state governments were told that the overarching theme for the conference 'Ease of Living' is to focus on two facets — access to schemes «especially individual beneficiary schemes» and «ensuring the quality of service delivery». For individual beneficiary schemes, simplification and

French airport for four days. Of the original 303 people on the passenger list, 276 were on the plane that took off just before 3:00 pm (1400 GMT). Among the passengers staying behind were two people questioned by French police over suspected people trafficking, but a judicial source said they had now been released after establishing that the 303 passengers had boarded the plane of their own free will.