Provident Financial News

By Munsif Vengattil and Dhanya Skariachan

B L Verma Monday said the Centre has distributed job letters to 5.5 lakh youth since last October and aims to provide 10 lakh jobs by year-end. Addressing a Rozgar mela at the Border Security Force (BSF) headquarters here, Verma handed over appointment letters to 250 candidates, out of a total of 1,000 selected for various Central Armed Police Forces (CAPFs) such as BSF, CRPF CISF, SSB, and ITBP. This morning, Modi distributed over 51,000 appointment letters to the youth, mostly in the security forces, joined in from 45 locations across the country. Distributing job letters at the event here, Verma said this Rozgar Mela scheme is part of the government's efforts to abate unemployment in the country. «In October 2022, Prime Minister Narendra Modi made a commitment that 10 lakh jobs will be given to youth by December 2023.

PIL) has been filed in the Bombay High Court seeking that a paragraph providing for the «split and merger» of political parties in the Tenth Schedule of the Constitution be declared as illegal and ultra vires and in contravention of its basic structure.

BEIJING (Reuters) — The United States and China agreed to launch an export control enforcement information exchange and a new working group on commercial issues, the U.S. Commerce Department said on Monday, giving Beijing a potential forum to express concerns.

Hedge funds’ bullish bets in emerging-market equity futures have risen to the highest since the gauge’s pandemic low three years ago, signaling budding optimism for the asset class.

Mukesh Ambani revealed little about future plans in the highly competitive and regulated business at the annual general meeting (AGM) of Reliance Industries on Monday. The stock had hit a 5% upper circuit after Ambani started reading out his speech but as there were hardly any triggers, the counter succumbed to selling pressure once again. Ambani's announcement that JFSL will enter the insurance segment came as no surprise to investors as the company's information memorandum has already laid out four key businesses that the company intends to target — retail lending, asset management, insurance, and digital payments. During the AGM, Ambani announced that JFSL will soon offer simple and smart products in life, general, and health through a seamless digital interface, potentially partnering with global players. He said the company will use predictive data analytics to co-create contextual products with partners and cater to customer requirements in a truly unique way. “In payments, JFSL will consolidate its payments infrastructure with a ubiquitous offering for both consumers and merchants, further driving digital payment adoption for India. JFS products will not just compete with current industry benchmarks but also explore path-breaking features such as blockchain-based platforms and CBDC.

ITR verification time restriction from 120 days to 30 days from the date of return submission in order to speed up this procedure. The change came into effect from August 1, 2022. According to the social media X(previously known as Twitter), “Dear Taxpayers, Do remember to verify your ITR within 30 days of filing. Delayed verification may lead to levy of late fee in accordance with provisions of the Income-tax Act, 1961. Don’t delay, verify your ITR today!” For ITR that are being filed on July 28, one must ensure that their ITR is verified within 30 days from the date of submitting the same on the income tax portal. So, today is the last date for tax payers who have filed tax on July 28. If the ITR is not verified, then it will be assumed that taxpayer has not filed the ITR.

The launch of Aditya-L1, the first space-based Indian observatory to study the Sun, is scheduled for September 2, 2023, at 11:50 Hrs. IST from Sriharikota. Aditya L1 shall be the first space based Indian mission to study the Sun.

Article 35A of the Indian Constitution that was scrapped in 2019, ‘took away fundamental rights’. The CJI made the comments during the hearing of petition challenging the abrogation of Jammu and Kashmir's special status. A Supreme Court bench comprising Chief Justice of India DY Chandrachud, and Justices Sanjay Kishan Kaul, Sanjiv Khanna, BR Gavai and Surya Kant for the eleventh day on Monday, continued hearing petitions challenging the Centre's decision to repeal the special status of Jammu and Kashmir by diluting Article 370 and Article 35A.

Indian market starting today, on August 28, 2023. This groundbreaking device by Jio aims to provide affordable internet access, offering a pathway for millions of feature phone users to transition from 2G. Additionally, the device is now available on Amazon to purchase.

Engineers India Ltd has signed a preliminary agreement with Australia’s Sunrise CSP group for developing energy projects in India and abroad. The agreement will “facilitate an exclusive partnership in concentrated solar thermal power" for oil and gas as well as other energy projects, the Australian Trade and Investment Commission said in a statement. “Together we aim to deliver the clean heat of the sun to industrial production at all scales and all temperatures – from heating and cooling a major cancer hospital as we are in Gujarat today, to making vital chemicals like hydrogen & ammonia, to national-scale power solutions delivering electricity on-demand,” Artur Zawadski, CEO of Sunrise CSP, said.Engineers India provides consultancy as well as engineering, procurement, and construction (EPC) services to the oil and gas industry as well as other segments of the energy sector. “Concentrated Solar Power (CSP) technology has wide applications and could also be integrated with the existing industrial facilities and process plants,” said Engineers India Ltd chairperson Vartika Shukla.

In a pioneering move, Lego is set to launch Braille bricks specially designed for visually impaired children, aiming to facilitate interactive learning and inclusion. Starting from September 1, the "Lego Braille Bricks — Play with Braille" set will be available in Italian, French, and English, followed by German and Spanish versions in early 2024.

Jio Airfiber on the auspicious occassion of Ganesh Chaturthi next month. «Today, I'm delighted to announce that JioAirFiber will launch on the auspicious occasion of Ganesh Chaturthi on 19th September, giving us another avenue for customer value and revenue growth in the untapped Indian home segment,» Mukesh Ambarni announced in his address to shareholder in Reliance's 46th Annual General Meeting. «Jio AirFiber uses a pan India 5G network to bypass the need of last mile fiber. With Jio AirFiber we can supercharge internet expansion to 150,000 connections per day,» Mukesh added. At last year's AGM, Jio had revealed the AirFiber 5G hotspot device.

JK Lakshmi Cement Ltd (JKLC) have rejected a special resolution for increasing inter corporate transaction limit to Rs 10,000 crore. The special resolution, which sought shareholders' approval for increasing the limit under section 186 of the Companies Act 2013 for making investments, giving loans, providing guarantees, etc — could get only 71.10 per cent of the total votes polled at the AGM held on August 24, 2023, said the scrutinizer's report uploaded by JKLC on stock exchanges. Although 28.90 per cent of the votes were polled against the proposal through video conferencing, the Companies Act mandates that a special resolution has to be passed by a super majority, which refers to at least 75 per cent of the members voting in favour of it. As the special resolution received less than the required votes of the total votes polled, it was rejected. The said proposal was opposed by proxy advisory firm IiAS who had recommended voting against the proposal.

stock market, where opportunities and challenges abound, investors seek tools that can provide insights into the potential trajectories of stocks. The Relative Strength Index (RSI) has emerged as a powerful tool in this quest, offering valuable insights into stock movements.

Morgan Stanley Real Estate Investing (MSREI) has partnered with industrial and logistics real estate developer Prakhhyat Group to develop a warehousing project spread over 7 lakh sq ft in Bhiwandi near Mumbai. MSREI has invested around Rs 350 crore to acquire majority equity stake in the project One K-Square will be developed in the Mumbai-based warehousing major’s existing facility K Square Logistics Park. In September 2021, it closed a $3.1 billion real estate fund and has been investing across assets from that pool. It has so far invested in over 5.6 million sq ft of logistics assets across India’s key warehousing hubs. “Industrial and Logistics as an asset class is a high-conviction theme across our investment strategy and we are partnering with Prakhhyat Group to develop a top-class warehousing park in one of the strongest logistics clusters in the country,” said Anand Iyer, Vice President, MSREI India. This alliance marks MSREI’s entry in the Bhiwandi sub-market of Mumbai Metropolitan Region (MMR). “Our experience in this market has helped us establish a solid track record in the logistics space.

₹1.5 lakh crore over the next five years towards its transformative initiative, 'Project Aspire'. During the 70th annual general meeting, BPCL chairman G Krishnakumar emphasized the company's commitment to growth, sustainability, and a net-zero future. "As an oil major, we recognize the immense responsibility that comes with our role in powering economies and making India Aatmanirbhar in the domain of energy by year 2047…We also recognize the need for a global effort to reduce global warming and the nation’s objective of achieving net-zero emissions by 2070.

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

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

₹1.5 lakh crore over the next five years towards its transformative initiative, 'Project Aspire'. During the 70th annual general meeting, BPCL chairman G Krishnakumar emphasized the company's commitment to growth, sustainability, and a net-zero future. "As an oil major, we recognize the immense responsibility that comes with our role in powering economies and making India Aatmanirbhar in the domain of energy by year 2047…We also recognize the need for a global effort to reduce global warming and the nation’s objective of achieving net-zero emissions by 2070.

Window ACs are more convenient to install and use than split ACs and the majority of the people prefer it due to the ease of instalment and maintenance. In this article, we go over the 10 best options to consider if you are planning on upgrading your air conditioner system this season, or the coming ones. Read on to know about the features along with the pros and cons of the products we think are a good purchase.