Provident Financial News

The price of Binance Coin (BNB) has climbed by almost 2% in the past 24 hours, with its move to $212.46 coming as the wider crypto market rises by a more modest 1%.

The scheme, announced in 2023-24 Budget, opened on April 17 and the last date for submission of claims for relief on the GeM portal was July 31. «In a major relief to the Micro, Small and Medium Enterprises (MSMEs), various Ministries/Departments of the Government of India have accepted more than 10,000 claims of MSMEs under Vivad se Vishwas -I scheme aimed at providing relief to MSMEs for the COVID-19 Pandemic period. This has led to grant of more than Rs 256 crore to MSMEs and increased flow of bank credit through freeing up of guarantees,» a finance ministry statement said. The highest relief of Rs 116.47 crore has been granted by the Ministry of Petroleum and Natural Gas.

market sentiment and identifying potential investment opportunities. One such indicator is the 200-day Simple Moving Average (SMA), often regarded as a long-term trend signal. On September 25, several significant stocks demonstrated noteworthy movement by crossing their 200-day SMA. Let's explore the performance of these stocks.

chargesheet filed against Pakistani-origin Canadian businessman Tahawwur Rana in the 26/11 Mumbai terror attacks case, the city police have mentioned that he stayed for two days at a hotel in suburban Powai till November 21, 2008, days before the attacks, an official said. The Mumbai police's crime branch on Monday submitted the over 400-page chargesheet, the fourth in the case so far, before a special court hearing the Unlawful Activities (Prevention) Act (UAPA) cases. Rana, currently under detention in the United States, faces multiple charges for his role in the Mumbai attacks and is known to be associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 strikes. The chargesheet mentions that Tahawwur Hussain Rana came to India on November 11, 2008 and stayed in the country till November 21.

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says “right now is a very good time to buy for probably the next two to three years. Right now means from now till the end of the year, maybe before elections next year. So the next seven-eight months or ten months are likely to provide a good opportunity to buy. We need to be keeping our eyes open, always be on the lookout for good companies where there is visibility of earnings growth.”Something is troubling one part of the market quite a lot in the last few days and that is the dollar index crossing 106. In fact, in the last five days, we have seen FII selling getting accelerated. The fear is that it may get even further accelerated from here on. Plus, there is rising bond yields in the US. Is that a legitimate worry or are we flush with domestic liquidity and any volatility, if it arises, will be absorbed?There is some cause of concern or at least we need to take note of what is happening in the US because ultimately a large part of global liquidity is being driven through dollars.

Net Neutrality, against network usage fees by telecom operators and the idea of imposing telecom licensing on online services.Airtel, Jio and Vi have asked the Telecom Regulatory Authority of India (Trai) to allow them to charge startups a «network usage fee» based on traffic and/or the number of users. The startups alleged that these telecom service providers (TSPs) are now pushing for some apps to be also brought under the licensing regime.

Goods and Services Tax (GST) Council will meet on October 7 to discuss the reconstitution of the group of ministers on rate rationalisation, and to discuss the pending reform agenda by the council. The agenda for the meeting is still being worked upon and will be finalised by the end of this week, officials said. «The 52nd meeting of the GST Council will be held on 7th October, 2023 at Vigyan Bhawan, New Delhi,» the central Board of Indirect Taxes and Customs said in a post on X. On August 2, the council approved amendments to the Goods and Services Tax (GST) laws to provide clarity on the taxation of casinos, horse racing and online gaming. Ahead of that the council met on July 11, to decide on the 28% GST on online gaming companies, casinos and horse racing.

ICRA expects India’s exports of cut and polished diamonds (CPDs) to fall by 22% to $17.2 billion in FY2024, amid weakened demand from the key consuming nations. According to ICRA’s recent note on the sector, CPD exports have been on a declining trend since H2 FY2023. In 5 months of FY2024, CPD exports witnessed a sharp YoY decline of 31%, led by a decline in both export volumes and polished diamond prices.

NITI Aayog will soon undertake the evaluation of India’s biggest subsidy schemes, the National Food Security Act and LPG subsidy, to rationalise expenditure, prevent leakage and ensure benefits are reaching the eligible candidates. The Development Monitoring and Evaluation Office, which is an attached office of NITI Aayog, has invited proposals for a central coordinating agency for evaluation of the two schemes, which together cost the exchequer nearly Rs 4,00,000 crore a year. “The government implements one the largest public food and nutritional safety nets in the world through the National Food Security Act (NFSA), enacted in 2013. However, despite the large public expenditure, gains in the food security and nutritional outcomes in India have been slow with the country accounting for roughly 30% of the global burden of hunger,” the DMEO said in the RFP document. Explaining the rationale behind evaluation of the LPG subsidy, the DMEO further said that India is the third largest energy consumer in the world after China and the USA. “The current consumption of LPG in India has risen to 12.3% of total petroleum products compared to 1.13% of kerosene.

Vaibhav Jewellers The initial public offer of Vaibhav Jewellers, which opened on Friday, was fully subscribed on the last day of the bidding process. The overall subscription stood at 1.3 times on Day 3. The NII portion was subscribed the most at 2.3x, followed by the retail category at 1.21x.

By David Shepardson

OpenAI, the company behind the popular generative AI assistant ChatGPT, is expanding its capabilities by introducing voice and image-based search features to the chatbot. This development marks a significant evolution in the generative AI landscape, making ChatGPT a more interactive and versatile tool for users. OpenAI CEO Sam Altman shared this new update with a tweet that read, «voice mode and vision for chatgpt! really worth a try.»

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

I have some short-term goals that are due in three years. What are the low-risk investment options that can protect my capital and also get me better post-tax returns?

China appears to woo the `Global South’ following the success of India’s G20 Summit where New Delhi gave leadership to the ‘Global South’. The Indian government is today at the forefront of providing leadership to the Global South and New Delhi’s leadership has been acknowledged globally. China has become hyper-active about the Global South and related developments.

The Circle: Founders Club (The Circle FC) unveiled the onboarding of ten high-potential Korean startups into the Korea Startup Center (KSC) India 2023 program. The Circle FC, a business accelerator for growth-stage startups, partnered with KISED to run this program for the second year in a row. This program is run across 8 countries including India, USA, Israel, France, Singapore, Vietnam, Finland and Sweden.

National Defence Academy and Naval Academy Examination (II) 2023. Although there hasn't been official confirmation from the Commission regarding the release date, candidates who participated in the NDA and NA exams should keep a close eye on the official websites at upsc.gov.in and upsconline.nic.in for updates and result availability. The UPSC conducted the NDA (II) 2023 examination on September 3, 2023, in two shifts across various locations in the country. The primary objective of this recruitment drive is to fill a total of 395 vacancies, with 370 positions allocated for the National Defence Academy (NDA) and 25 positions designated for the Naval Academy (NA). Shortlisted candidates will be required to appear before a Services Selection Board for Intelligence and Personality Tests. During these evaluations, candidates for the Army/Navy wings of the NDA and the 10+2 Cadet Entry Scheme of the Indian Naval Academy will undergo assessments related to their Officer's Potentiality. Additionally, those aspiring to join the Air Force will need to qualify in the Computerized Pilot Selection System (CPSS). For candidates eagerly awaiting their results, here are the steps to check the UPSC NDA, NA Results 2023 once they are announced:How to Check UPSC NDA, NA Results 2023:

The top-earning 20 per cent of partners at big four consulting firms EY and PwC took home more than $1.3 million annually, well above the top managing directors at Accenture who earned more than $875,000, the latest, available figures show.

Mumbai's iconic Hanging Gardens, a beloved 136-year-old landmark, might soon bear the brunt of infrastructure development within the city. As per a TOI report, a proposal to overhaul a colonial-era reservoir beneath the terraced gardens on Malabar Hill is set to render this cherished spot inaccessible to the public over a phased seven-year period. P Velrasu, the additional municipal commissioner in charge of projects, told TOI, «The plan is to demolish and reconstruct the reservoir over a period of seven years.» This ambitious project is expected to necessitate the dismantling of the entire landscaped area and the relocation of approximately 350 trees to an adjacent plot. In response to vehement objections from local residents, Mumbai's guardian minister and Member of Legislative Assembly (MLA), MP Lodha, has convened a public meeting scheduled for Tuesday to address the concerns.

Also read: Manohar Lal Khattar announces ban on ‘Hookah bars’ in Haryana As part of this initiative, all government officials pledged that if they visit Karnal on Tuesday, they will ride a bicycle or motorcycle. In separate news, the Haryana chief minister announced a ban on serving hookah to customers in hotels, restaurants, bars, and commercial establishments across the state yesterday.