Provident Financial News

Punjab Chief Minister Bhagwant Mann on Saturday said his government has given 36,524 appointment letters of government jobs to the youth in the past 18 months of being in the office.

Telecom Regulatory Authority of India (Trai) has recommended that the applicable gross revenue of telecom operators be reduced against the indigenous networking and telecommunications equipment (NATE) volumes procured in their respective networks. In the list of recommendations on ‘Promoting Networking and Telecom Equipment Manufacturing in India’ released by the sector regulator on Saturday, it has also suggested the introduction of local value addition norms in performance linked incentives scheme (PLI scheme), tax relief as part of fiscal incentives, and setting up a dedicated master fund towards to address the relative cost disability faced by the industry, among others. “It has been recommended that Government should follow a nudge approach and Telecom Service Providers (TSPs) should be incentivised to deploy indigenously manufactured equipment by reducing their Applicable Gross Revenues on annual net basis, by an amount equivalent to the aggregate certified value of indigenous NATE deployed in respective telecom networks during a financial year,” Trai said. It has recommended the establishment of a dedicated master fund – the NATEDF — Networking and Telecommunications Equipment Development fund along the lines of the Electronics Development Fund (EDF). This fund should provide for venture capital funding in public-private partnership mode to start-ups in need of accelerator support. “For the same, at least 15% of NATEDF's total pool of Rs 10,000 crores should be earmarked as Committed Public fund for Daughter fund(s) for innovation practice,” Trai said. Trai also said that telecom software should be recognised as a separate category, and suggested setting up a dedicated fund, Telecom Software Development Fund.

Indian Army contingent, comprising 32 soldiers representing the 14 Rajputana Rifles, departed for Russia to participate in the ASEAN Defence Ministers Meeting Plus Expert Working Group on Counter Terrorism, the Ministry of Defence said in a statement. The Counter Terrorism Field Training Exercise (FTX) 2023 will be conducted from September 25-30. «Indian Army Contingent consisting of 32 personnel from a Battalion affiliated to the RAJPUTANA RIFLES departed for ASEAN Defence Ministers Meeting (ADMM) Plus Expert Working Group (EWG) on Counter Terrorism Field Training Exercise (FTX) 2023 scheduled to be conducted from 25th to 30th September 2023 in Russia,» the Ministry of Defence stated in a press release. A multinational joint military exercise being hosted by Russia as a co-chair of the EWG along with Myanmar, the meeting was preceded by the Table Top Exercise of the ADMM Plus EWG on Counter-Terrorism at Nay Pyi Taw, Myanmar from August 2-4. Since 2017, the ADMM Plus meets annually to allow dialogue and cooperation among the Association of Southeast Asian Nations (ASEAN) and Plus countries. The inaugural ADMM Plus was convened in Ha Noi, Vietnam on October 12, 2010. This year ASEAN member states, along with the Plus Group, will be participating in the exercise, the Ministry stated. The exercise will comprise a number of counter-terrorism drills, including the destruction of terrorist groups in a fortified area.

The forthcoming policy is built on the «polluter pays» principle, as revealed by an official to TOI. Under this principle, the licensing fee for electric taxis may be set at zero, while CNG taxis may incur a licensing fee of Rs 650. This policy is expected to pave the way for electric bike taxis while simultaneously imposing stricter safety regulations on cab services.

Small Industries Development Bank of India (SIDBI) on Saturday said it has inked an agreement with the Digital Lenders Association of India (DLAI) to boost the country's fintech sector.

internet was lifted on Saturday in strife torn Manipur. Internet services were banned immediately after the ethnic violence broke out in the state on May 3 and were periodically extended considering the prevailing law and order situation. T.

Madhya Pradesh Congress chief Kamal Nath on Saturday accused the Bharatiya Janata Party government in the state of ignoring the problems of unemployed youth and asserted such a dispensation must be «kicked out» of power. Assembly polls are likely to be held at the end of the year in the state. Speaking at the 'Berozgar Mahapanchayat', Nath also alleged there was a scam in the patwari (revenue official) recruitment process and vowed to get it probed if the Congress came to power. Nath said he had met youths who have been recruited for government posts but are yet to receive their appointment letters. «A government whose priority is not the youth must be kicked out,» the senior Congress leader said. Nath alleged Chief Minister Shivraj Singh Chouhan was making false claims about investment coming into the state after global seminars in Indore. «Chouhan has announced he will provide employment to one lakh youth.

Delhi High Court has granted Viacom18 a broad, dynamic injunction for the bilateral matches involving the Indian cricket team. Viacom18 owns the media rights to the bilateral matches organized by the Board of Control for Cricket in India (BCCI). With the help of this dynamic injunction, Viacom18 will be able to take rapid action against rogue websites that indulge in piracy.

Finolex Cables Limited (FCL) regarding a resolution pertaining to the re-appointment of Deepak Chhabria as a whole-time director designated as an executive chairman for the term commencing on July 1, 2023 and concluding on June 30, 2028.InGovern Research has suggested that FCL shareholders seek a postponement of the resolution, citing concerns over the adequacy of the notice period. On the other hand, Stakeholders Empowerment Services (SES) has advised shareholders to vote against it, while Institutional Investors Advisory Services (IiAS) has recommended that shareholders vote in favour of the resolution. InGovern has alleged that the corrigendum published on September 16, 2023, does not meet the requirement of Section 118 (10) of the Companies Act and ICSI secretarial standards.

Salesforce has signed a definitive agreement to acquire Airkit.ai, a creator of artificial intelligence (AI)-powered customer service applications and experiences — to expand AI capabilities. Following the acquisition, Airkit.ai will become a subsidiary of Service Cloud and will be led by Adam Evans, Co-Founder and CTO of Airkit.ai.

Green Hydrogen Fuel Cell Bus at Kartavya Path in Delhi on September 25. Green Hydrogen, produced using renewable energy sources, holds the potential to play a pivotal role in low-carbon and self-reliant economic pathways, read the Ministry Petroleum and Natural Gas press release. It offers the prospect of harnessing domestically abundant renewable energy resources year-round and across various sectors, either as a fuel or an industrial feedstock. Green Hydrogen has the capacity to replace fossil fuel-derived feedstocks in industries like petroleum refining, fertilizer production, and steel manufacturing, read the press release. Fuel cell technology, powered by hydrogen, is emerging as a significant component of the e-mobility landscape. The electrochemical reaction in a fuel cell converts hydrogen at the anode and oxygen from the air at the cathode into water, releasing electrical energy in the form of electrons, read the press release. Fuel cells boast remarkable efficiency compared to other mobility solutions and provide distinct advantages such as extended range and shorter refuelling times in comparison to battery-powered vehicles. Hydrogen gas is stored onboard in cylinders, typically at a pressure of 350 bar. IndianOil has embarked on a scientifically designed program to conduct operational trials of 15 Fuel Cell buses fueled by Green Hydrogen on specific routes in Delhi, Haryana, and Uttar Pradesh, read the press release. The launch of the first set of two fuel cell buses from India Gate on September 25, 2023, marks a significant milestone in this endeavour. This program represents India's maiden initiative to dispense green hydrogen at 350 bar for operating fuel cell buses. Additionally, IndianOil has established

telecom infrastructure in North East, suggesting parleys with the state governments to harmonise their respective 'right of way' policies with related Central rules, as well as favouring provision of electricity to telecom sites on priority at utility tariffs.

₹600 crore. AINU is India’s largest hospital network specialising in urology and nephrology care with presence in four cities. In this interview, Vishal Bali, AHH’s Executive Chairman, talks about how investments in single speciality networks, has been a fruitful strategy.

ALSO READ: Do I have to file an income tax return (ITR) if I have submitted Form 15G? As per details, around 7.09 crore returns have been filed for income earned in the 2022-23 fiscal. Of these, 6.96 crore ITRs have been verified, of which 6.46 crore returns have been processed as of date, including 2.75 crore refund returns.

Chandrababu Naidu has moved the Supreme Court of India challenging the Andhra Pradesh High Court's order dismissing his plea for quashing the FIR against him in Skill Development Corporation scam case. Earlier in the day, a team from Andhra Pradesh Police CID began their interrogation of Chandrababu Naidu in the Skill Development Corporation scam case at the central prison in Rajamahendravaram. On Friday, the ACB Court in Vijayawada granted two days' police custody of the 73-year old Naidu to the CID for further interrogation.

Vivo T2 Pro 5G comes in two variants. The base model, offering 8GB of RAM and 128GB of storage, is priced at Rs. 23,999.

fixed deposits ranging between 7 days to 10 years tenure. The interest rates vary from one bank depending upon the tenure. SBI, ICICI Bank FDs between 7 days to 10 years will give 3% to 7.1%.

Coimbatore: Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday.

N Chandrababu Naidu on Saturday knocked on the Supreme Court's doors with a challenge to the Andhra Pradesh High Court order that dismissed his petition for quashing the FIR against him in the alleged Skill Development Corporation scam. It may be noted that the Andhra Pradesh High Court had rejected his plea on Friday. Later on the same day, a court in Vijayawada had granted custody of Naidu to the CID for two days. Naidu, a former chief minister of the state, was arrested on September 9 for allegedly misappropriating funds from the Skill Development Corporation.

TCS on forex cards is at 5% if you add more than Rs 7 lakh on the card. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Probably not always.

With rising credit card defaults, a balance transfer can be helpful for those cardholders who cannot pay their credit card dues in full. The interest rate on balance transfer is lower than the regular interest rate on credit cards and some issuers also provide introductory offers such as zero interest for a limited period, which can be a great short-term solution to pay off your credit card debt quickly.