Provident Financial News

Narendra Modi for slashing the prices of domestic cooking gas by ₹200 per cylinder, calling it a gift to sisters ahead of Raksha Bandhan. In a post in Hindi on X, Adityanath said, "In order to make the life of the common man comfortable and pleasant, under the chairmanship of Prime Minister Shri @narendramodi ji, today the Central Cabinet has taken a commendable decision to reduce the price of domestic gas cylinder by ₹200 and provide 75 lakh new gas connections under 'Pradhan Mantri Ujjwala Yojana'." The relief will be in addition to the subsidy of ₹200 provided in March 2023 to the beneficiaries of PM Ujjwala Yojana, thus, around 10.35 crore Ujjwala beneficiaries will get a gas cylinder at ₹700, he said.

Jan Dhan accounts, a truly staggering count of basic banking relationships created by the government in less than a decade under its Pradhan Mantri Jan Dhan Yojana. As finance minister Nirmala Sitharaman said this week, over 55.5% of these bank accounts are held by women. The scheme, she added, stood out as a “pivotal initiative" for financial inclusion.

₹50 lakh to startups and individuals engaged in technical textiles, the ministry of textiles said in a statement on Tuesday. The scheme, called Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT), provides the grant-in-aid for up to a period of 18 months.

Best Buy sales and profits slid in the second quarter as the nation’s largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic

PMRTS and CMRTS), which are used to operate walkie-talkies. In the discussion paper titled ‘Review of Terms and Conditions of PMRTS and CMRTS Licenses’, the Telecom Regulatory Authority of India (Trai) asked whether there is a need to review the terms and conditions of PMRTS License and PMRTS Authorization under Unified License and if PMRTS providers should be permitted internet connectivity on static internet protocol (IP) addresses. The authority also sought comments on whether it is possible to deliver the PMRTS/ CMRTS, which are mission critical in nature, using 4G/5G network slicing or any other technology. “If yes, in what manner should the delivery of PMRTS/ CMRTS using 4G/ 5G network slicing be enabled in the license? What should be safeguards to ensure that the quality-of-service for cellular networks is not adversely impacted?” Trai sought to know in the paper released Tuesday. The paper follows a June 2022 letter by the Department of Telecommunications (DoT) requesting recommendations on the terms and conditions for issue of fresh licenses for CMRTS and PMRTS Services especially with respect to technical conditions and financial aspects, the sector regulator said in a notification Tuesday. The deadline for written comments on the discussion paper is September 26, and for counter comments, it’s October 10. The sector regulator observed that telecom technology has grown significantly over the past few years and asked if PMRTS providers should be made to keep pace. “Whether there is a need to mandate PMRTS providers to migrate to spectrally efficient digital technologies in a time-bound manner,” Trai asked industry stakeholders to comment. It asked for comments on Trai’s existing recommendations on the method

Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance.Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender. At present, a majority of the banks insist on a minimum balance for having a savings account, and charge holders a fee whenever the balance drops below the threshold. They also charge for extending services like SMS alerts, printing passbooks etc. A few players like Fino Payments Bank, do charge an annual account maintenance fee of the kind which Axis Bank is introducing with the new account.

not-for-profit organisations, capital markets regulator Sebi on Tuesday proposed flexibility in the regulatory framework for social stock exchanges. Under the proposal, the regulator has suggested reducing the threshold of the minimum issue size as well as application size for not-for-profit organisations (NPOs). Additionally, it has suggested abolishing the requirement of no pending notice or ongoing scrutiny by Income Tax against NPOs for registration on social stock exchanges (SSEs) and substituting the term social auditor with social impact assessor. Further, NPOs should be permitted to provide past social impact but not strictly as per the format specified by Sebi in their fundraising document, according to a consultation paper. The proposals are aimed at facilitating fundraising by NPOs. A not-for-profit organisation (NPO) is required to be registered with the SSE to raise funds.

Narendra Modi Tuesday hailed the government's announcement of a Rs 200 per cylinder cut in prices of domestic cooking gas, saying the festival of Raksha Bandhan is about «increasing happiness within the family» and this reduction will provide more comfort to sisters and make their life easier. The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas.

Gillette India Limited (GIL) posted a 12% increase in sales during the quarter ended June to Rs619 crore, attributing it to strong brand fundamentals and superior retail execution. Profit after tax (PAT) for the quarter was up 36 per cent to Rs92 crore. During the year ended June, the country's biggest shaving products maker posted sales of Rs 2477 crore, up 10% versus a year ago, despite unprecedented headwinds from macroeconomic challenges and commodity inflation during the year.

Solana is a high-performance blockchain that aims to provide fast, scalable, and low-cost transactions. Solana uses a novel consensus mechanism called Proof of History, which allows Solana network to process thousands of transactions per second. Solana has attracted a lot of attention from developers and users, especially in the fields of decentralized finance (DeFi) and non-fungible tokens (NFTs).

Theme: “Less Taken, More Given"At the heart of Henkel’s participation was their powerful theme, “Less Taken, More Given". This slogan encapsulates Henkel’s dedication to reducing their environmental footprint while maximizing positive contributions to society.

Solana is a high-performance blockchain that aims to provide fast, scalable, and low-cost transactions. Solana has recently integrated with Shopify, a leading e-commerce platform, to enable merchants to accept USDC payments via Solana Pay. This is a huge milestone for Solana, as it opens up a new market and use case for the Solana network and token.

The iPhone 15 Pro Max is expected to become Apple's flagship model, with a groundbreaking periscope lens rumored to offer impressive optical zoom, potentially 5X-10X. Analyst Ming-Chi Kuo predicts it could account for 35-40 per cent of Apple's shipments, possibly justifying a $200 price increase. However, these details remain unofficial until Apple's September 12 event.

315Work Avenue has picked up five entire floors with office space spread over 1.62 lakh sq ft in a commercial project Raheja Woods in Pune’s Kalyani Nagar locality through a long-term lease of five years. This deal takes the company’s total office space in the tower to nearly 2 lakh sq ft as it had recently leased 33,000 sq ft here recently. The company has leased the space through its subsidiary 315 Work Avenue Pune Spaces from owner of the property MK Profinlease for monthly rental of nearly Rs 1.32 crore. The lease agreement includes a clause to escalate rentals by 5% after every 12 months. It also includes a lock-in period of 14 months for the licensee 315 Work Avenue, showed the documents accessed through FloorTap.com. “The coworking sector’s impact is poised to amplify in the future, driven by the fundamental transformation work dynamics have undergone which is unlikely to revert.

Interest rates have gone up a great deal. We all know that. Where they go from here, we don’t know, but I certainly have a point of view. But the tough question to face is what to do with your mortgage, especially if it is now coming up for renewal?

OpenAI announced the launch of ChatGPT Enterprise, a business-oriented iteration of its widely acclaimed artificial intelligence system. This move comes as ChatGPT has faced a decrease in user engagement nine months after its groundbreaking introduction. OpenAI's latest offering, ChatGPT Enterprise, will provide business users with an upgraded version of the chatbot, featuring robust security and privacy enhancements, building upon the lessons learned from its previous versions, as detailed in their recent blog post.

That being said, it can get overwhelming to choose the perfect tablet for yourself, given the variety of options available in the market. We have compiled a list of our picks for the best 8-inch tablets in India. Read on to choose your favourite.

Reuters. As per the current update from Heathrow Airport, it has asked commuters to contact their airline before travelling to the airport on Tuesday. In a post on on X (formerly Twitter), “Due to yesterday’s technical issues suffered by UK Air Traffic Control, there may be some continuing disruption on some routes, including flight cancellations.