Provident Financial News

By Zeba Siddiqui

Financial Management Group (FWG) meeting, held recently under India's G20 presidency, in Raipur, brought together delegates to discuss critical topics concerning global economics. The meeting commenced with a session focusing on 'Supply Chain Resilience and its Macroeconomic Implications.' The delegates engaged in extensive discussions surrounding the challenges and opportunities of ensuring supply chain resilience in an interconnected global economy, stated a release.Ministry of Finance posted on X, «Session and at the fourth Financial Management Group (FWG) meeting invited delegates to discuss on 'Supply Chain Resilience and its Macroeconomic Implications' and on 'External Sector Report'.

Russia's top diplomat at the United Nations, Ukrainian President Volodymyr Zelenskyy suggested Monday that the world body needs to answer for allowing his country's invader a seat at the tables of power. «For us, it's very important that all our words, all our messages, will be heard by our partners. And if in the United Nations still — it's a pity, but still — there is a place for Russian terrorists, the question is not to me.

sexual assault complaint related to recent accusations against Russell Brand. During the weekend, Russell Brand, the comedian, actor, and TV host, faced allegations of rape, sexual assault, and emotional abuse between 2006 and 2013. These allegations emerged from a joint investigation by The Times, The Sunday Times, and Channel 4 Dispatches. Brand vehemently denied all accusations. A Scotland Yard spokesperson conveyed awareness of the allegations reported by The Sunday Times and Channel 4 Dispatches. The Met received a report on Sunday, September 17, about a sexual assault claim dating back to 2003 in Soho, central London. The police are providing support to the woman involved and maintaining contact with her. Scotland Yard emphasized its engagement with The Sunday Times on September 16 and subsequent efforts to ensure that potential victims of sexual offenses know how to report incidents to the police. They urged anyone who believes they may have been a victim of a sexual offense, regardless of when it occurred, to come forward. In the wake of the exposé published on September 16, the BBC, Channel 4, and Banijay UK, where Russell Brand worked during the alleged period, initiated their independent internal investigations. Channel 4, where Brand gained fame as the host of Big Brother's Big Mouth, disclosed via an email to its staff that it is probing whether anyone within the network had knowledge of the alleged behaviors.

Proxy voting for investors is about to become a whole lot easier.

OTT platforms considering that some streaming apps have started offering bandwidth-heavy services and generating disproportionately high traffic, which is forcing telcos to upgrade and enhance the capacity of their networks. Therefore, telecom service providers are seeking a contribution from the OTTs for network expenses. In fact, Cellular Operators Association of India, which represents interests of carriers, has argued that large OTT players earn from consumers as well as advertisers, and hence suggested that a ‘fair share’ of revenues must be share with the telcos that do not earn from carriage fees for the content.

RBI)’s September bulletin. RBI regulations classify the NBFCs into four layers based on the size, activity and perceived risks. The upper layer comprises prominent names like Tata Sons, LIC Housing Finance and Shriram Finance, according to a recent RBI notification.

Senator Elizabeth Warren has garnered further support in the Senate for her soon-to-be-released Digital Asset Anti-Money Laundering Bill.

Department of Telecommunications (DoT) has removed over-the-top (OTT) players, or apps, from the definition of telecommunication services in the Telecom Bill, giving huge relief to communication service providers such as WhatsApp, Signal and Telegram, which will thus remain out of telecom regulation. The DoT believes the existing definition under Indian Telegraph Act is good enough and there is no need to specifically put OTT in the new Bill. «We (DoT) don't have any intent to regulate OTT.

NEW DELHI : The Union cabinet led by Prime Minister Narendra Modi has approved the constitution amendment bill to provide reservations for women in Parliament and state assemblies, paving the way for the introduction of the historic bill in the ongoing special session of Parliament, officials said. Some BJP functionaries claimed that the new bill won’t be identical to the 2010 bill and might expand the scope of reservation beyond the Lok Sabha and the state assemblies.

NEW DELHI : The government has collected ₹8.65 trillion in direct taxes up to 16 September after accounting for tax refunds, making up more than half of its annual target, the Central Board of Direct Taxes (CBDT) said in a statement. Direct taxes collected so far, including the first two instalments of advance tax collections, show a 23.5% growth over the tax receipts from these sources a year ago, CBDT said. The Centre had projected a 10.5% annual growth in direct tax collection in the current fiscal year at ₹18.2 trillion.

Silver Lake has put itself on a fresh collision course with Raleigh Finlayson’s Genesis Minerals by acquiring a strategic stake in a gold miner that many in the market expect will be one of Mr Finlayson’s future acquisition targets.

New York’s financial regulator wants cryptocurrency companies regulated in the state to be more transparent about how they list and delist crypto coins. The New York State Department of Financial Services, in proposed guidance to be published Monday, spells out its expectations for how crypto firms evaluate a coin offering before adoption, based on a prior version of the framework. The regulator also describes its expectations of the steps and criteria a crypto firm must consider before delisting a coin.

₹13,000 crore allocation made to the scheme is a recognition of the immense contribution of our traditional and skilled artisans and craftsmen toward nation-building, and the economic potential of this sector. The Vishwakarma Yojana aims to empower our craftsmen by improving the quality and reach of their products and services. It will also revive their skills, not just to conserve India’s rich cultural heritage, but also to provide them with a dignified source of livelihood.

Investing.com — U.S. stocks were rebounding from earlier losses on Monday as investors turn their attention to this week’s key Federal Reserve meeting.

Commonwealth Financial Networks announced Monday that R&R Wealth Management, a firm that managed nearly $223 million in assets under advisement at Avantax Investment Services, has affiliated with Commonwealth’s network of independent advisors.

Kota police Monday said a minor girl has died by suicide. This the second suicide case in past two weeks and eighth in last two months, India Today reported. According to police, the victim used to live in Vigyan Nagar area of Kota district in Rajasthan.

Room heaters come in various types, each with its unique advantages. Convection heaters, radiant heaters, and fan heaters are some of the popular choices, catering to different heating preferences. Havells, a renowned brand in the home appliance industry, offers a wide range of room heaters known for their efficiency and performance.

How to use YONO SBI NRI account opening service: State Bank of India (SBI) has introduced a digital facility for NRIs to effortlessly open NRE and NRO accounts (both savings and current accounts) through SBI’s YONO app. This service has been designed for“new to bank” customers, providing them with ease and efficiency in the account opening process, SBI said in a statement. 

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Netflix currently boasts a collection of over 70 mobile games accessible on its platform. This extensive catalog of 74 mobile games for both iOS and Android users has been available since September 18, 2023. While gaming was initially a modest component of Netflix's offerings, it gained momentum over the years, with the introduction of a limited selection of games and VR experiences. The company's foray into the gaming industry expanded significantly in 2021, culminating in the introduction of Netflix Games as an integrated feature within the Netflix app in November 2021, as per a report on WhatsOnNetflix. «Vikings: Valhalla», Samurai Shodown, WrestleQuest, LEGO Legacy: Heroes Unboxed, Cut the Rope Daily, The Queen’s Gambit Chess, Too Hot to Handle 2: The Game, Sonic Prime Dash, Oxenfree II: Lost Signals, Bloons TD 6, Shovel Knight Pocket Dungeon, Dungeon Boss: Respawned, World of Goo: Remastered, TRANSFORMERS Forged to Fight, Laya’s Horizon, Vineyard Valley, Mighty Quest: Rogue Palace, Raji: An Ancient Epic, Terra Nil, Highwater, Dust & Neon, Tomb Raider Reloaded, and Valiant Hearts: Coming Home. Meanwhile, South Korean internet service provider SK Broadband and Netflix Inc said on Monday they were ending all lawsuits with each other, having earlier been in dispute over whether Netflix should pay for costs from increased network traffic and maintenance work. SK Broadband and parent SK Telecom announced in a joint statement with Netflix that they had agreed on a partnership to release joint products and seek ways to use artificial intelligence (AI) products being developed by SK.