economic development

FD rates: These banks have raised their fixed deposit rates in December 2024; check before investment

by
FD rates: These banks have raised their fixed deposit rates in December 2024; check before investment

Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more

ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources

by
ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources

Black Money and Income tax return: The CBDT has launched a Compliance-Cum-Awareness Campaign for Assessment Year 2024-25 to support taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their Income Tax Returns (ITR). Compliance with Schedule FA and FSI is compulsory under the Black Money (Undisclosed … Read more

Rich countries are trying to hit pause on climate summit’s key issue | CNN

by
Rich countries are trying to hit pause on climate summit’s key issue | CNN

Sharm el-Sheik, Egypt CNN  —  The past week has given the world a glimpse of what climate-vulnerable countries have long known: while rich countries bend over backwards to pledge their support for climate action, they are far less enthusiastic when it comes to forking over the cash. At the UN’s COP27 climate summit, the United … Read more

Turkey’s earthquake caused $34 billion in damage. It could cost Erdogan the election | CNN

by
Turkey’s earthquake caused billion in damage. It could cost Erdogan the election | CNN

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN  —  The devastating earthquake that hit Turkey on February 6 killed at least 45,000 people, rendered millions homeless across almost a dozen cities … Read more