Provident Financial News

Risks and complexities of taking a joint home loan: Taking a joint home loan with your loved ones is a significant financial commitment. While there are some benefits of taking a home loan in joint names, there are several potential risks and complexities that you should consider before making such a decision.

By Shanai Ghosh

In an age where wanderlust knows no bounds and technology is at our fingertips, vacation planning has evolved into a seamless, digital adventure for Gen Z. The tech-savvy and financially conscious generation is embracing new ways to plan memorable vacations using digital credit options, transforming the way we explore the world and manage our finances. With a plethora of credit solutions at their disposal, this generation ensures that their trips are both enjoyable and fiscally responsible. 

Credit cards serve as valuable financial instruments, enabling seamless transactions and the option to convert significant expenditures into manageable EMIs. Festive seasons, as well as other occasions, witness a plethora of enticing discounts and special offers extended by offline and online retailers to attract customers.

Retirement fund body EPFO has given three more months until December 31, 2023, to employers for uploading wage details regarding pension on higher wages.

In today’s world, the cost of healthcare continues to rise leaving many individuals and families grappling with hefty medical bills. For those without extensive financial or insurance literacy, navigating the complex healthcare landscape can be a daunting task. However, the digital age has ushered in a wealth of opportunities for consumers to leverage technology and online resources to make well-informed decisions and save on healthcare costs. Individuals can harness the power of health apps and online resources to seek medical advice, compare prices, reduce out-of-pocket expenses and make better choices as to their requirements.

The government on Friday raised the interest rate on five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter and retained the rates for all other small savings schemes.

You probably don’t need to worry about your retirement if you were born with a silver spoon. But if you are a self-made person, then your investment portfolio is incomplete without the National Pension System (NPS).

An official Chinese survey says the country's factory activity has recorded its first expansion in six months

Ukraine's parliament and its speaker taunted billionaire Elon Musk on Monday after he posted a meme on his social media platform mocking President Volodymyr Zelenskiy's pleas for wartime assistance from the West. Musk owns SpaceX, which provides Starlink satellite communication services that are vital for Ukraine's defence effort, but his statements have sometimes angered Kyiv since the full-scale invasion launched by Russia in February last year.

Ranchi to Delhi, a baby with congenital heart disease, who was experiencing severe breathing difficulties, was rescued by two doctors. One of them is a 1995-batch IAS officer, Nitin Madan Kulkarni, currently serving as the principal secretary to Jharkhand Governor CP Radhakrishnan. Governor Radhakrishnan commended Kulkarni for his noble actions, describing it as an exemplary act of human service. He expressed, «I am proud of your noble work.

MOSCOW (Reuters) — The Kremlin said on Monday it believed a decision by U.S. Congress to pass a stopgap funding bill that omitted aid for Ukraine was a temporary setback for Kyiv, but forecast war fatigue in the West would grow and increasingly split opinion.

By Paul Carsten

By Olena Harmash

Technology is playing an increasingly important role in wealth management and financial planning, and combined with a great human advisor it is a potent mix.

Asset managers selling funds into the European Union risk having client flows “meaningfully” disrupted as regulators in the bloc consider a major overhaul of ESG investing rules, according to analysts at Barclays Plc.

In the latest surge on-chain FWEN has surged +1,000% - as market interest gravitates to the Friend-Tech linked, BASE-launched, airdrop token. 

The XRP price has risen by 1% in the past 24 hours, with its move to $0.523743 coming as the cryptocurrency market as a whole increases by just over 3% today.

The price of Dogecoin (DOGE) has jumped by 2.5% in the past 24 hours, rising to $0.063922 as the cryptocurrency market as a whole gains by 3.5% today.

India to the US, has set the internet abuzz. This intriguing map, posted on X by the user Epic Maps, portrays a straight sailing path between the two nations across vast geographical distances.

Adani Energy Solutions on Monday said it has commissioned the Khargar-Vikhroli transmission line to supply an additional 1,000 MW of power to Mumbai city. «Kharghar Vikhroli Transmission Ltd (KVTL), which will enable additional power to be brought into Mumbai and thus enable in meeting the city's growing and future electricity demand, is commissioned,» a company statement said. Built by Adani Energy Solutions Ltd (earlier known as Adani Transmission Ltd) — the energy solution, transmission and distribution arm of the Adani group — the project is critical for Mumbai, as the existing capacity of the transmission corridor is not sufficient to carry further power into the city, it stated. Mumbai witnessed grid failure twice recently – on February 27, 2022, and October 12, 2020 — localities across the metropolis went dark for a considerable period, it noted. The Kharghar-Vikhroli line will bring an additional 1,000 MW of reliable power to Mumbai city as a solution to mitigate any such incidents in the future, it noted. With this project's commissioning, Mumbai gets a 400 KV grid within its municipal geography, bringing enhanced import capability within its electricity grid and improving reliability and stability, it stated. For consumers, it provides much more sustainability to commuting through bullet trains, metro rail and city railways, and also for commercial and residential establishments. The KVTL comprises approximately 74 circuit kilometres of 400 kV and 220 kV transmission lines, along with a 1,500 MVA 400kV Gas Insulated Substation (GIS) at Vikhroli, the first 400KV substation of its kind in Mumbai. Occupying approximately 9,500 sq m area, it has the most compact design when it comes to 400 KV substations.