Tag: finance

  • Finance Tasks Deadline: 31st December is Deadline for THESE Finance Related Tasks, Complete it soon


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    Calendar year 2024 is about to end. Only seven days are left. But there is still a deadline of December 31 for some financial work. You can complete your pending work in the next seven days. 

    You also have a chance to file ITR late. Apart from this, there is also a deadline of December 31 to invest in special FDs of banks.

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    Delayed ITR filing

    If any taxpayer has missed filing income tax return (ITR) for the financial year 2023-24 (FY 24) before the last date of ITR filing of July 31, then they have the last chance to submit their ITR in December. Such people who were unable to file ITR on July 31 can file late ITR by December 31 with a certain penalty amount. Note, the taxpayer will have to deposit a late fine of ₹ 5,000. If the total income is less than ₹ 5 lakh annually, then the late fine amount is ₹ 1,000.

    IDBI Bank Utsav FD

    You can invest in a special Utsav FD scheme of IDBI Bank for attractive interest rates of up to 7.85%. The Utsav FD scheme is available to the general public till December 31. Under this FD scheme, the general public will get interest rates of 7.05%, 7.25%, 7.35% and 7.20% respectively for tenures of 300 days, 375 days, 444 days and 700 days. Higher interest rates are being offered for senior citizens.

    Punjab and Sind Bank Special FD

    Under the Punjab and Sind Bank Special FD Scheme, any investor can invest money at an interest rate of up to 7.45%. The bank offers 7.20% return on FD for a period of 333 days. People will get an interest of 7.3% for a period of 444 days. For 555 days (callable) deposits, the bank offers an interest rate of 7.45%. On the 777 days special deposit, people can avail an interest rate of 7.25%. The current rates will be valid for the period up to December 31.

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  • In Pics: PV Sindhu, Venkata Datta Sai set wedding goals in matching emerald and diamond jewels

    PV Sindhu and Venkata Datta Sai's fairytale marriage took place in Udaipur.
    PV Sindhu and  Venkata Datta Sai got married in Udaipur recently. Photo Courtesy: PV Sindhu Instagram page

    Away from the badminton court where she is seen fighting her opponents to bring laurels for the country, Olympic medalist PV Sindhu matched with her husband, Venkata Datta Sai, to look perfect as bride and groom during their marriage in Rajasthan’s Udaipur city recently.

    Several images of the marriage are now out on social media and the couple could be seen dressed in traditional attire for the occasion, setting new-couple goals.

    Sindhu could be seen sporting a tissue saree, while her husband wore a brocade sherwani from the shelves of ace designer Manish Malhotra.

    Venkata Datta Sai is a techie and businessman. Photo Courtesy: PV Sindhu Instagram page

    Apart from the dress they wore, it was the jewellery that the couple donned on the big day which earned the attention of people.

    The star of the show was Sindhu’s traditional bridal jewellery from Manish Malhotra Jewellery, including her matha patti, a stunning multiple-layered necklace and matching earrings that featured precious Zambian emeralds and uncut diamonds, reported NDTV.

    PV Sindhu shared several images of their marriage day on Instagram. Photo Courtesy: PV Sindhu Instagram page

    The Olympic medalist’s stunning bridal look was completed with the kundan work haath phool, diamond-studded kadas and her gold chain.

    Her husband Sai, a businessman and techie, did match his wife as he looked stunning on the special day of their life.

    His traditional jewellery pick from Manish Malhotra High Jewellery made quite a statement, featuring an Imperial Heirloom collection of emeralds and diamonds studded double layered necklace set in gold, along with his ornate square-shaped emerald buttons that added a touch of sparkle to his sherwani, NDTV reported.

  • Azerbaijan Airlines flight with 67 onboard crashes in Kazakhstan, 27 survive

    Azerbaijan Airlines flight with 67 onboard crashes in Kazakhstan. 27 people are believed to have survived the crash.
    Azerbaijan Airlines flight with 67 onboard crashes in Kazakhstan. Photo Courtesy: X page video grab

    At least 27 people are believed to have survived after a passenger plane flying from Azerbaijan to Russia crashed near Kazakhstan’s Aktau city on Wednesday, media reports said.

    The plane, which was operated by Azerbaijan Airlines, was carrying 62 passengers and five crew on board.

    An unverified video of the incident has gone viral on social media, where an aircraft could be seen bursting into flames after crashing to the ground.

    Kazakh Emergency Situations Ministry said in a statement as quoted by Sputnik news agency: “A plane flying from Baku to Grozny crashed at the Aktau airport. Fifty-two personnel and 11 units of equipment of the Ministry of Emergency Situations of Kazakhstan arrived in Aktau at the crash site.”

    “Upon arrival, the aircraft was found to be on fire. Rescue units began extinguishing the fire,” the statement said.

    The Ministry said in the statement: “[A total of] 27 were taken to hospital, including three children.”

    According to Russian media reports, the survivors have been taken to a hospital. Azerbaijan Airlines said in a statement: “Additional information will be provided to the public regarding the incident.”

    In the statement posted on Facebook, the Airlines said flight J2-8243 was en-route from the Azerbaijani capital Baku to Grozny in Russia when it crashed approximately 3 km from Aktau.

    The Airlines, however, said no child was flying in the plane.

    In an X post, the Airlines said: “There were 67 people on board, including 62 passengers and 5 crew members. There were no children among the passengers, and information about the injured will be provided shortly. According to the information, there are survivors who are receiving initial medical assistance.”

    The exact cause of the crash is still not known.

  • Swiggy, NSE sign MoU to empower delivery partners with financial literacy programmes

    Indian food delivery app Swiggy inked a bond with the National Stock Exchange of India Limited (NSE) to roll out a comprehensive financial literacy program for delivery partners, with special focus on female delivery partners.

    The MoU was signed at the NSE headquarters in Mumbai. Photo courtesy: x.com/NSEIndia
    The MoU was signed at the NSE headquarters in Mumbai. Photo courtesy: x.com/NSEIndia

    The Memorandum of Understanding (MoU), aimed at advancing financial inclusion and empowering gig workers, was signed on December 24 at the NSE headquarters in Mumbai.

    Swiggy also announced that it intends to have 100,000 women delivery partners by 2030.

    Amruta Fadnavis, who attended the event as the chief guest, underscored the importance of empowering women in the workforce and emphasised how financial literacy can contribute to their independence and well-being of their families.

    The wife of current Maharashtra Chief Minister Devendra Fadnavis, Amruta shared inspiring stories of women who have risen from grassroot level. She said ‘women are creators’ and need to stay focused to ensure that their families have a better life.

    Integrated into Swiggy’s flagship initiatives, She the Change and Swiggy Skills, the program is designed to equip the delivery partners with vital financial skills that drive household stability, improve socio-economic outcomes, and contribute to the nation’s financial inclusion agenda.

    NSE MD and CEO, Ashish Chauhan (left)
presenting the NSE Coffee Table Book and the NSE Bell to Amruta Fadnavis. Photo courtesy: x.com/NSEIndia
    NSE MD and CEO, Ashish Chauhan (left)
    presenting the NSE Coffee Table Book and the NSE Bell to Amruta Fadnavis. Photo courtesy: x.com/NSEIndia

    Financial literacy has been shown to increase household spending on education and savings by up to 40 percent, with ripple effects on long-term health, productivity, and overall well-being.

    As per Swiggy, this initiative underscores its commitment to the holistic development of its delivery partners and aligns with the company’s sustainability goals to foster community welfare.

    Highlighting their efforts towards inclusivity and upskilling of their delivery partners, Sriharsha Majety, MD & Group CEO, Swiggy shared, “Earlier this year, when we launched ‘She the Change’ programme, honourable Finance Minister Smt. Nirmala Sitharaman Ji made a very pertinent observation when she said that in areas where women are visibly seen to be running more enterprises such as Food and Beverage businesses, crime and anarchy will gradually reduce. I believe that the presence of women delivery partners on the road is an equally positive signal. We, at Swiggy, will do our utmost in this direction; and commit to take the number of women delivery partners to at least 1 lakh by 2030. We will continue to come out with policies and programmes to support this positive change, and our MoU with NSE is a step in this direction.”

    Ashishkumar Chauhan, MD & CEO, NSE, said, “At NSE, we are proud to lead the way in bringing financial literacy and investor awareness programs to the gig workforce, a vital and growing segment of our economy. This partnership with Swiggy reflects our commitment to equipping delivery partners, especially female partners, with the knowledge and awareness of tools needed for financial independence and long-term security. By focusing on financial literacy, we aim to empower gig workers to manage their finances more effectively for their financial well-being. Today’s initiative is another step in NSE’s mission to drive financial inclusion and well-being of people and transform lives through knowledge and empowerment.”

    As part of the event, in a Fireside Chat, Rohit Kapoor, CEO- Food Marketplace, Swiggy, interacted with three women delivery partners. The conversation shed light on their experiences, challenges, and the support they have received through Swiggy’s policies.

    Recognizing their remarkable opportunities, ten women delivery executives, who completed the highest number of orders in 2024, were felicitated during the event. Each recipient was awarded a cheque of INR 11,000 (USD 128), intended to serve as a corpus for their initial investments.

    The program will feature interactive training sessions led by SEBI-certified trainers, covering topics such as budgeting, investments, debt management, and understanding capital markets. The modules will include AV content and will also be available in the DE app. The app-based training modules will also be localised into regional languages for broader reach.

  • USA: Gay couple sentenced to 100 years in prison for sexually abusing adopted sons

    American gay couple sentenced to 100 years in prison for sexually abusing adopted sons
    Gay couple in USA gets 100 years in prison for sexually abusing their two adopted sons. Photo Courtesy: Mr Andy NGO X page

    A gay couple in the USA has been sentenced to 100 years in prison without parole for raping two boys who they adopted as sons.

    The two accused individuals were identified as William and Zachary Zulock.

    “They will not be eligible for parole for the entirety of the 100 years. This all but guarantees that the victims will not have to worry as they grow older about their abusers being free,” read a statement posted on Facebook by the Walton County District Attorney’s office.

    On July 22, 2022, Walton County Sheriff’s Office (WCSO) was contacted by the GBI’s Child Exploitation and Computer Crimes Unit regarding a “Cyber Tip” they had received from the National Center for Missing and Exploited Children regarding suspected homemade child sexual abuse material (CSAM) that had been uploaded to a Google account with an IP address in Walton County.

    After further investigation, WCSO investigators executed a search warrant at that address.

    They met with Hunter Lawless who admitted to receiving and viewing CSAM. Lawless stated that he had received the pictures and videos from “Zach Zulock”.

    Lawless later pleaded guilty to Sexual Exploitation of Children and was sentenced to 20 years with the first 12 years in prison and agreed to fully cooperate in any prosecution of the Zulocks.

    This led investigators to obtain a search warrant for the Walton County residence where both Zachary and William Zulock lived with the victims.

    Investigators learned that the Zulocks had adopted two young boys a few years before the search warrant was executed.

    “Both Defendants were interviewed that night. They both admitted to sexually abusing both boys over a period of time,” read a statement issued by the Alcovy Judicial Circuit District Attorney’s office.

    “Numerous pieces of electronic evidence were seized and submitted to the GBI. Surveillance cameras from inside the house contained video of approximately 14 days before the DVR was seized,” the statement said.

    This digital analysis took significant time to go through by the experts with the GBI since it contained over 7 terabytes of video.

    A thorough analysis found videos of multiple incidents of the Defendants committing sexual abuse in different parts of the house.

    “Cell phones were analyzed which contained graphic images and videos of the abuse as well as graphic text and social media messages about the sexual abuse,” the statement said.

    The information obtained from the cell phones led to evidence of a Luis Vizcarro-Sanchez receiving messages from Zachary Zulock about sexual abuse of one of the victims.

    Vizcarro-Sanchez later pleaded guilty to Pandering for a Person Under 18. At the same time, he pleaded guilty to numerous counts of Computer Theft in which he was stealing from his employer, the Loganville Kroger.

    He was sentenced to a total of 60 years with the first 15 years in prison along with a requirement that he testify in any proceeding or trial of the Zulocks.

  • Champions Trophy: India to face Pakistan in Dubai; check details

    India and Pakistan will face in Champions Trophy group stage clash on February 23 in Dubai
    India and Pakistan to play in Dubai in Champions Trophy clash. Photo Courtesy: ICC X page

    The International Cricket Council on Tuesday announced the schedule for the Champions Trophy. The big encounter featuring India and Pakistan in a group stage clash, will take place in Dubai. 

    The two teams will lock horns on February 23 in the neutral venue.

    After India’s refusal to travel to Pakistan, the tournament will now be played in a hybrid model.

    The Indian team will not travel to Pakistan and all its matches will be played in the Middle East.

    The series will begin with Pakistan and New Zealand facing each other in Karachi on February 9.

    The final match of the tournament is scheduled to be played in Karachi on March 9.

    However, the venue will be changed to Dubai if India reaches the final.

    India will face Bangladesh in their first Champions Trophy match on February 20.

    The eight competing teams have been divided into two groups.

    Group A of the tournament features current Champions Trophy holders and hosts Pakistan, along with India, New Zealand and Bangladesh, while Group B features Cricket World Cup 2023 champions Australia, alongside Afghanistan, England and South Africa.

    Rawalpindi, Karachi and Lahore are the three venues in Pakistan where the matches will be held.

    Apart from India’s group stage matches, Dubai will also host one semi-final clash.

    Groups

    Group A – Pakistan, India, New Zealand, Bangladesh

    Group B – South Africa, Australia, Afghanistan, England

    Champions Trophy Schedule

    19 February, Pakistan v New Zealand, Karachi, Pakistan

    20 February, Bangladesh v India, Dubai

    21 February, Afghanistan v South Africa, Karachi, Pakistan

    22 February, Australia v England, Lahore, Pakistan

    23 February, Pakistan v India, Dubai

    24 February, Bangladesh v New Zealand, Rawalpindi, Pakistan

    25 February, Australia v South Africa, Rawalpindi, Pakistan

    26 February, Afghanistan v England, Lahore, Pakistan

    27 February, Pakistan v Bangladesh, Rawalpindi, Pakistan

    28 February, Afghanistan v Australia, Lahore, Pakistan

    1 March, South Africa v England, Karachi, Pakistan

    2 March, New Zealand v India, Dubai

    4 March, Semi-final 1, Dubai

    5 March, Semi-final 2, Lahore, Pakistan

    9 March, Final, Lahore (unless India qualify, when it will be played in Dubai)

    10 March, Reserve day

  • Singapore football star Adam Swandi, 28, retires after health scare

    A medical condition forced Singapore footballer Adam Swandi to call a premature retirement to his professional football career. Swandi, who is just 28 years old, played as a midfielder for the Lion City Sailors football club.

    Footballer Adam Swandi. Photo courtesy: www.lioncitysailorsfc.sg
    Footballer Adam Swandi. Photo courtesy: www.lioncitysailorsfc.sg

    In his last game against Tanjong Pagar United in the Singapore Premier League (SPL) in September, Swandi was substituted at half-time after feeling unwell. While his condition stabilised following immediate medical attention, tests, which were conducted later, revealed that the 28-year-old suffers from cardiomyopathy.

    According to the Sailors’ website, “Cardiomyopathy is a disease of the heart muscle that makes it more difficult for the heart to pump blood to the rest of the body. It can lead to serious heart conditions and, in more severe cases, symptoms of heart failure.”

    Swandi hung up his boots on December 24. “…the ex-Singapore international has regretfully decided to end his decade-long professional football career,” the club informed.

    Talking about his retirement, Swandi said, “Physically, I feel perfectly fine. Every day I wake up, I feel like I can push myself to play. But medically, I’ve been advised by the doctors and cardiologist that I shouldn’t play again. It’s definitely a tough pill to swallow, and I’m still trying to come to terms with the fact that I’m no longer a professional player.”

    “In those quiet moments when I’m alone, after my wife and son have gone to bed — when I’m supposed to be sleeping — I sometimes find myself thinking about what really happened. Why did this happen to me? I’ve been doing this for the past 15 years of my life, and now it has to stop just like that,” he added.

    A much sought after player, Swandi first shot to fame in the 2011 Lion City Cup, where he captained the Singapore Under-15s to victories over Newcastle United and Juventus, leading the team to a third-place finish.

    He was part of the French Ligue 2 side FC Metz for two seasons from 2013 to 2015.

    He was part of the inaugural batch when the Sailors was formed in 2020, and remained with the club since. During his stint, he made 93 appearances for the club, and won the 2021 SPL title, the 2023 Singapore Cup, and two Community Shield trophies.

    Adam Swandi's 4-year stint with the Sailors was a very successful one. Photo courtesy: www.lioncitysailorsfc.sg
    Adam Swandi’s 4-year stint with the Sailors was a very successful one. Photo courtesy: www.lioncitysailorsfc.sg

    “Adam has been a valuable member of the club since 2020. His warm personality and consistently upbeat spirit have had a positive impact on everyone here. Given his immense talent, we’re all deeply saddened that he has to end his career in this way,” said Sailors chairman Forrest Li.

    “As a club, we’re committed to giving him all the love and support he needs as he transitions into his post-football journey, and we hope he will continue contributing to the club in other capacities.”

    Sailors Head Coach Aleksandar Ranković added, “While we’re saddened to see Adam step away from the game as a player, his health and family must always come first. Adam is not just a footballer; he’s also a father and a husband.

    “I’d like to thank him for being an ever-reliable player and the kind of character everyone loves having in the dressing room. We look forward to supporting him as he embarks on the next chapter of his journey.”

    Swandi earned 22 caps for the Singapore national team and still holds the distinction of being the Lions’ third-youngest debutant — behind Hariss Harun and Fandi Ahmad — at 17 years and 143 days, when he came on as a substitute in a friendly against Myanmar on 4 June 2013.

    Looking back at his career, Swandi said, “As a footballer — or anyone in life — you always feel like you could do better, but I wouldn’t go back and change anything. I’m happy to have made my family proud. It’s not easy to become a professional footballer; it’s not the kind of job you can simply apply for, and I’m one of the lucky few to have done this as a career.”

    “When I was around 10 or 11, I always looked up to players like Shahril Ishak and Baihakki Khaizan, so it felt surreal that just a few years later, they were my teammates, and I was sitting beside them in the dressing room. To learn from the best and build friendships with some of the biggest players in the country is something I’m truly grateful for,” he added.

    While Swandi had hoped to retire at the age of 35, his journey has been cut shot, but he said he has made peace with it. “I’ve now found peace with this situation. I’ve realised that this is life — it’s unpredictable, and I have to begin a new journey,” he said.

  • Filmmaker Christopher Nolan’s upcoming multi-starrer project is based on Homer’s epic Odyssey

    Christopher Nolan's upcoming project is based on Homer's epic.
    Universal Pictures reveals the title of Christopher Nolan’s upcoming project. Photo Courtesy: Wikimedia Commons

    Universal Pictures on Monday revealed director Christopher Nolan’s upcoming project is titled ‘The Odyssey’, an adaptation of ancient Greek poet Homer’s epic.

    The multi-starrer will feature actors Matt Damon, Tom Holland, Anne Hathaway, Zendaya, Lupita Nyong’o, Robert Pattinson and Charlize Theron, Variety reported.

    Makers said the movie will hit the silver screen in 2026.

    Sharing details about the upcoming project, Universal Pictures wrote on X: “Christopher Nolan’s next film ‘The Odyssey’ is a mythic action epic shot across the world using brand new IMAX film technology.”

    “The film brings Homer’s foundational saga to IMAX film screens for the first time and opens in theaters everywhere on July 17, 2026,” the makers wrote.

    Christopher Nolan is best known for directing movies like Oppenheimer, Tenet, Dunkirk, Interstellar, and Memento, among others.

    The Odyssey is one of two major ancient Greek epic poems attributed to Homer.

    It is one of the oldest works of literature still widely read by modern readers.

  • Bangladesh anti-corruption panel investigates Sheikh Hasina and family over USD 5 billion embezzlement

    An anti-graft panel in Bangladesh has launched an investigation against former Prime Minister Sheikh Hasina and her family in connection with the allegations of embezzling USD 5 billion in the Rooppur nuclear power plant, according to a media report.

    Bangladesh Prime Minister Sheikh Hasina
    Former Bangladesh Prime Minister Sheikh Hasina. Photo courtesy: X/@StayWithHasina

    Indian companies are participating in constructing the Rooppur nuclear power plant which is being built by Rosatom, Russia’s state-run corporation, in Bangladesh.

    The first Bangladeshi nuclear power plant, the Russian-designed Rooppur, is being built 160 km west of the Bangladeshi capital of Dhaka.

    Along with Hasina, her son, Sajeeb Wazed Joy, and Tulip Siddiq, her niece and the UK’s Treasury minister, were also named, BDNews reported on Sunday.

    ALSO READ: Bangladesh: Interim government following process to bring back Hasina

    There are accusations of embezzling USD 5 billion in the Rooppur Nuclear Power Plant project, the report added.

    The development came two days after the High Court issued a rule asking why the Anti-Corruption Commission’s (ACC) inaction over an alleged transfer of USD 5 billion from the Rooppur Nuclear Power Plant project to a Malaysian bank by Hasina, Joy, and Tulip should not be declared illegal, the report added.

    According to ACC documents, the allegations of corruption in the Rooppur Nuclear Power Plant project were brought to light by Bobby Hajjaj, chairman of the National Democratic Movement (NDM).

    Hasina, 77, has been living in India since August 5 when she fled the country following a massive student-led protest that toppled her 16-year regime.

    ALSO READ: Yunus is involved in genocide in a meticulously designed manner, says ousted Bangladesh PM Sheikh Hasina in first public address

    Her sister Rehana accompanied her. Joy resides in the US, while her niece Tulip is a member of the British parliament.

    Bangladesh-based International Crimes Tribunal (ICT) has issued arrest warrants for Hasina and several former Cabinet ministers, advisers, and military and civil officials for “crimes against humanity and genocide”.

    They are also named in multiple murder cases filed in connection with the demonstrations.

  • Man arrested after he sets woman on fire in New York subway train 

    Woman dies after she was set on fire inside New York subway.
    Woman dies after she was set on fire inside New York subway. Photo Courtesy: Unsplash

    Police nabbed a man for allegedly setting a sleeping woman in a New York subway on fire and then watching her burn to death.

    The fatal incident occurred on Sunday around 7:30 a.m. on an idling F train at the Coney Island-Stillwell Avenue station.

    NYPD Commissioner Jessica Tisch was quoted as saying by the New York Post: “As the train pulled into the station, the suspect calmly walked up to the victim, who was in a seated position at the end of a subway car … and used what we believe to be a lighter to ignite the victim’s clothing, which became fully engulfed in a matter of seconds.”

    Tisch described the deceased woman as ‘innocent’.

    Patrolling policemen tracked the woman and doused the flame.

    However, the victim did not survive.

    “Unbeknownst to the officers who responded, the suspect had stayed on the scene and was seated on a bench on the platform just outside the train car,” Tisch said.

    “The body-worn cameras on the responding officers produced a very clear, detailed look at the killer,” Tisch said.

    Later in the day, three high schoolers called police to say they saw the man pictured in images released by the NYPD at the Jay and York Street station on the F line, Tisch said.

    Police recovered a lighter from the pocket of the suspect when he was detained.

    Officials told the New York Post the 33-year-old suspect came to the US in 2018 from Guatemala.

     He was detained by border patrol agents in Arizona in June of that year, sources told the newspaper.

    The identity of the victim is still not known.

    New York Mayor Eric Adams described the incident as ‘senseless’.

    “Grateful to the young New Yorkers and transit officers who stepped up to help our NYPD make a quick arrest following this morning’s heinous and deadly subway attack,” he said.

    Adams said: “This type of depraved behavior has no place in our subways and we are committed to working hard to ensure there is swift justice for all victims of violent crime.”

    “My prayers are with the family of the victim in this senseless killing,” he said.