Citizens Financial News

Municipal Corporation of Delhi (MCD) on Tuesday said it has made geo-tagging of all kinds of properties mandatory to avail of a 10% property tax exemption. The civic agency said if any taxpayer fails to geo-tag their properties by January 31, they will not be able to avail of the 10% rebate on the lump sum advance payment of tax in the next financial year by June 30.

Fixed Deposits (FDs) have long remained a preferred choice of risk-averse investors and senior citizens who do not wish to take high risks and want to avoid market volatility. There are many types of fixed deposits, including Standard Fixed Deposit, Regular Income Fixed Deposit, Tax Saving Fixed Deposit and Senior Citizen Fixed Deposit.

Union Mutual Fund’s children’s fund has reignited discussions about the legitimacy of solution-oriented mutual fund schemes and the validity of including them in one’s investment portfolio. The justification for investing in children’s funds continues to be a subject of ongoing discussion.

Pradhan Mantri Jan Dhan Yojana (PMJDY) 2023: Pradhan Mantri Jan Dhan Yojana (PMJDY), a national movement initiated by Prime Minister Narendra Modi, has undoubtedly been a game-changer for financial inclusion in India. This scheme has been introduced to include all classes of the society of the people of India in financial services like banking, saving, remittance, deposit accounts, insurance, credit, pension, and loans.  In 2014, the Indian government launched the PMJDY.

Global South needs to adopt digital public infrastructure to technologically leapfrog and achieve sustainable development goals (SDGs), India's G20 Sherpa Amitabh Kant said on Tuesday. Addressing an event organised by Carnegie India, Kant said now the world will grow on the back of digital public infrastructure. He said if the the world has to grow equitably then the global south is important because 4 billion people still do not have digital identity, 1.3 billion people do not have a bank account, while 133 countries in the world do not have fast payments.

Andhra Pradesh within the next few hours. The police said that many families including pregnant women, children, and senior citizens were rescued from different areas who were stuck due to wreak havoc of Cyclone Michaung. As per the IMD, during landfall, Michaung is expected to bring gales with speeds of 90 — 100 km per hour, gusting up to 110 kmph. The weather system over the west-central Bay of Bengal, running along and off the south Andhra Pradesh coast, is likely to move nearly northwards, parallel and close to the south Andhra Pradesh coast, Met Department said. Meanwhile, Chennai airport, one of the busiest airports in the country resumed operations on Tuesday morning after being shut for hours due to adverse weather conditions. «Traffic has been closed on Manjambakkam to Vadaperumbakkam Road due to the release of water from the Puzhal Lake,» police said. At least eight people have lost their lives while multiple roads and subways are closed due to waterlogging in the wake of the cyclone. Tamil Nadu CM MK Stalin on Tuesday morning inspected the Cyclone affected areas in the state.

Facebook and Instagram parent company Meta is being sued by 83 Spanish media outlets over allegations that the social media giant breached EU data protection rules between 2018 and 2023, leading to unfair competition in the advertising market. The newspapers, led by media organisation AMI, claim that Meta's "massive" and "systematic" collection of users' personal data has given the company an 'illegitimately gained competitive advantage' in the design and delivery of personalised ads.

Air Quality Index (AQI) across Delhi dipped into 'very poor' category in several areas on Tuesday morning, as per the Central Pollution Control Board (CPCB). As per official data recorded at 07.00 am, the AQI in Anand Vihar stood at 340, in Ashok Vihar at 315, in ITO Delhi at 307, and in Jahangirpuri at 332 on Tuesday.

India and the USA on Monday held a comprehensive review of India-US Initiative on Critical and Emerging Technologies (iCET) at the level of Deputy National Security Advisers and agreed to broaden the scope of iCET to biotechnology, critical minerals and rare earths processing technologies, digital connectivity and digital public infrastructure, and advanced materials. Jonathan Finer, Principal Deputy National Security Adviser of the United States on Monday held consultations with Vikram Misri, Deputy National Security Adviser. This is a follow up to the visit of US NSA Jake Sullivan to India in June 2023 and the visit of NSA Ajit Doval to US in January 2023. The two Deputy NSAs have agreed to broaden the scope of iCET to biotechnology, critical minerals and rare earths processing technologies, digital connectivity and digital public infrastructure, and advanced materials, officials said, adding, they also affirmed the importance of easing regulations to facilitate high-tech collaborations, and transfer of technology. During the consultations, the two Deputy NSAs reviewed key bilateral issues and exchanged views on regional and global developments, officials said.

Russia’s Central Bank says there has been a drop in the number of citizens trading crypto – with citizens staying away from major overseas trading platforms.

Nikhil Gupta, who was named by the United States in an indictment before a US court, alleging a plot to assassinate a US citizen involving Indian officials. The registry, however, threw up five other persons with the same name who are under trial in different states, but not in Gujarat, said officials. The national database on arrested narcotics offenders was launched in 2022 and contains names of those arrested by police across states in the country and by central agencies, Earlier, the National Crime Records Bureau recorded the cases registered under Narcotic Drugs and Psychotropic Substances Act but information about individuals stayed with the state police.

Marjorie Bloom wired hundreds of thousands of dollars into cryptocurrency on the advice of someone she believed to be a trusted confidant, little did she know that she was being trapped in a tech scam. The man claimed to be a 'fraud investigator' at PNC Bank and he persuaded Bloom that criminals, using stolen personal data, were in the process of pilfering her life savings. He convinced her to protect her money and to move it quickly and covertly. Later, she was shocked to know that the 'investigator' was a wolf in sheep’s clothing. Bloom was ensnared in a 'tech support' scam. Bloom lost $661,000.

The charred remains of two people found in a burned-out vehicle in the Caribbean island country of Dominica on Friday are believed to be those of Quebec entrepreneur Daniel Langlois and his partner, Dominique Marchand, according to a Dominican news outlet and several Quebec media reports.

We pay tax not only on our Canadian-source employment, business or investment income, but on our total worldwide income, including foreign income, such as a foreign pension, which must first be converted to Canadian dollars before it’s reported on our returns annually.

On November 21, 2023, the U.S. Justice Department announced a significant disruption in cybercrime activities, seizing nearly $9 million in Tether (USDT) from an international scam organization. This organization was involved in executing romance scams and cryptocurrency confidence scams, infamously known as “pig butchering.”

artificial intelligence and deepfakes. Deepfakes are videos or images that are created using Artificial Intelligence (AI)-powered deep learning software that show people saying and doing things that they didn't say or do. A bench headed by Acting Chief Justice Manmohan observed that technology cannot be «reined in» and the issue raised by the petitioner required deliberations which only the government could undertake.

Union Budget on February 1, 2024, along with the general elections in the same year. During an election year, the government does not present a full-fledged Budget for the whole year, instead the government prepares an interim budget or a vote on account. Livemint explains what these terms mean and how they are different from the Union Budget.

Bank of India, one of the leading public sector banks in India, has increased rates of its fixed deposits for its customers & general public (for ₹2 crore and above to less than Rs.10 crore) with effect from 1st December, 2023. Bank has increased its fixed deposit rates for shorter periods i.e. “46 days to 90 days" tenure to 5.25%, “91 days to 179 days" tenure to 6.00%, for “180 days to 210 days" tenure to 6.25%, for “211 days to less than 1 Year" tenure to 6.50% and for “1 Year" tenure to 7.25% p.a.

post office FD after 6 months but before 4 years. According to an email clarification by India Post, a 5-year post office FD opened on or after November 10, 2023, cannot be prematurely closed until 4 years have passed from the date of opening of the FD. For FDs opened till November 9, 2023, the earlier rules are applicable for premature withdrawal. These rules are explained subsequently. But for now, let us understand the new rules.

National Pension System (NPS) subscribers in the 'All Citizen Model' and 'Corporate Model' categories, allowing them to choose preferred fund managers for equity, corporate debt, and gilts. The National Pension System (NPS) consists of an open architecture that provides flexibility to subscribers to choose across asset classes, Pension Fund Managers (PFMs), and Central Recordkeeping Agencies (CRAs).

Indian Medical Association on Sunday raised its objection to the National Medical Commission logo depicting the Hindu deity Dhanwantari and urged it to adopt a religion-neutral emblem. According to Hindu mythology, Dhanwantari is the physician of the gods. The National Medical Commission (NMC) on Thursday drew ire from the Indian Medical Association's (IMA) Kerala chapter, which said the recent change in the logo was not acceptable.