Provident Financial News

interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives. According to the resolution released by the Department of Economic Affairs (DEA), Ministry of Finance on October 4, 2023, «It is announced fit general information that during the year 2023-2324, accumulations al the credit of subscribers to 1he General Provident Fund and oilier similar funds shall carry interest at 7.1 percent wef October 1, 2023 to December 31, 2023.» Also read: PPF, Sukanya Samriddhi, SCSS, NSC interest rates for December 2023 quarter announced; check here For the October -December quarter of 2023, the government has kept the interest rate on GPF and linked funds unchanged. This is expected because the interest rate of these provident funds normally follows the interest rate of the Public Provident Fund (PPF), which has remained stable during the first quarter of 2023. 1. The General Provident Fund (Central Services). 2. The Contributory Provident Fund (India). 3. The All India Services Provident Fund, 4. The State Railway Provident Fund. 5. The General Provident Fund (Defence Services) 6. The Indian Ordnance Department Provident Fund, 7. The Indian Ordnance Factories Workmen's Provident Fund. 8. The Indian Naval Dockyard Workmen's (Provident Fund. 9. The Defence Services Officers Provident Fund. l0. The Armed Forces Personnel Provident Fund.

Motilal Oswal Nifty 500 ETF seeks to replicate/track the total returns of the Nifty 500 Index, which is designed to measure the performance of the top 500 companies based on market capitalization. Compared to the Nifty 50 Index, the Nifty 500 Index is well-diversified, with its top 10 holdings accounting for only 37%, as opposed to 58% in the Nifty 50 Index.

six airbags as a standard feature in this model. Hyundai also announced its intention to send three vehicles to Bharat NCAP for comprehensive crash testing. This suggests that the Verna may have been one of the final cars to undergo testing by Global NCAP, adds the report.

Colorado’s highest court says it will hear the case of a Christian baker who refused to make a cake celebrating a gender transition

Tunisia has announced it would reject an installment of funds sent by Europe to help the debt-ridden country patrol the Mediterranean Sea as migrant boat crossings spike to levels not seen in several years

Residents from fire-stricken Lahaina are petitioning Hawaii's governor to delay his plans to reopen a portion of West Maui to tourism starting this weekend

Officials say Ukraine, Poland and Lithuania have agreed on a plan they hope will help expedite Ukrainian grain exports

After two years of receiving federal subsidies, 220,000 child care programs across the country lost funding

A New York judge has imposed a limited gag order with a stern warning after Donald Trump disparaged a key court staffer during his civil business fraud trial

Samco Mutual Fund has filed a draft for Samco Dynamic Asset Allocation Fund. Samco Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund. According to the scheme information document, the investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments and foreign securities. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk. The performance of the scheme will be benchmarked against NIFTY50 Hybrid Composite Debt 50: 50 Index. The scheme will be managed by Paras Matalia, Umeshkumar Mehta, and Dhawal Ghanshyam Dhanani (overseas investments).

Krafton introduces Indian Faction in Road to Valor: Empires with two new guardians Krafton's KIGI programme will last from six months to a year and will support around 6-10 teams annually by mentoring them and providing them with access to the company's internal resources including data analytics and market research. After the completion of the programme, participants will have the choice to have their games self-published or take venture capital funding from external investors and Krafton.

Fixed Deposits (FDs) remain a popular and preferred choice of investment, providing a sense of financial security and stability to investors. However, not all FDs are created equal. To truly maximise your savings and earn optimal returns, using an FD interest calculator is key.

Tradecurve Markets (TCRV) as the ultimate tokens to watch in 2023. >>Register For The Tradecurve Markets Presale<< BNB (BNB) has been singled out as an exceptional token to hold in 2023, according to ChatGPT. It stands out because of its adaptability and association with Binance, one of the world's leading cryptocurrency exchanges.

NewsClick site and its journalists on 17 August, weeks after a New York Times report alleged that the NewsClick website had received funds from an American millionaire who, the Times wrote, had funded the spread of “Chinese propaganda." Delhi Police on Tuesday searched 30 locations connected with online news portal NewsClick and its journalists in a case filed under the anti-terror law UAPA following allegations that it received money for pro-China propaganda and later in the day sealed its office. Police said the Special Cell searches began early in the morning and were concentrated in the Delhi-NCR region.

Major NFT marketplace OpenSea has introduced OpenSea Studio, a comprehensive platform designed to assist creators in launching and managing their NFT projects. 

GST demand notices have been served on Indian companies in recent weeks in cases where overseas staff have been deputed to India. This follows a judgment given by the Supreme Court that the salary of ‘seconded employees’ (deputed to an Indian company), which is reimbursed to the overseas entity, will be subject to service tax. This SC order of May 19, 2022, in the case of Northern Operating Systems, has opened a pandora’s box even in the realm of GST. Abhishek Jain, partner and national head, indirect tax, KPMG-India, said: “This was largely witnessed as the period of limitation for assessment of cases for financial year 2017-18 ended in September.

Westpac will maintain a presence in the South Pacific after the federal government indicated it wants to see Australian companies playing a role in the region.

Float hopeful Masons Stevens is pushing ahead with its plans to list before the end of the year.

Coal India Ltd, part of the coal sector, has rallied by about 30% in a month which pushed the stock to a fresh record high in September 2023 and the chart pattern suggests that the rally may not be over and will continue in October. The stock rose from Rs 228 as of 30 August 2023 to Rs 297 which is the record high registered on 29 September 2023. The upside translates into a rally of about 30% in a month. Short-to-medium term investors can look to buy the stock now or on dips for a possible target of Rs 345-385 in the next 4-5 months, suggest experts. After the breakout from the critical resistance of 26-270 which proved to be a critical hurdle back in June 2019 in September 2023 provided much needed momentum to the stock. On the monthly charts, an upward-sloping trendline is giving support.

By Laura Sanicola and Muyu Xu

Daljeet Singh Kohli, Head — Strategy & Research, Vasuki India Fund, says We have some small amount of IT, very small allocation as of now. Mainstream IT, the two enabled services, we already have a good allocation there. But in mainstream IT, we would like to wait for this quarter’s number. The commentary from Accenture was that probably things will take much longer than what many of the analysts and the Street was expecting. That revival will happen sooner. Everybody was saying that H2 of this year will be much better but that does not seem to be the case. So maybe after the Q2 numbers, once the managements give their commentary, we will have a little more idea about it. What is your take regarding some of these new-age tech names? Zomato is finally seeing a bit of the upside but it is now past the level of 100 comfortably but you have Nykaa and the others which continue to languish? What is your view for the entire space? We continue to avoid them as of now mainly because we want to see some more numbers coming in – a lot of ESOP related and many one-offs extraordinary items.