Provident Financial News

Dual listed telecommunications business Chorus Limited has mandated ANZ, Citi, and Westpac to drum up interest in a potential seven-year medium term note.

The rules are designed to address the tax evasion risks posed by digital assets and could raise nearly $28 billion in ten years, says the Joint Committee on Taxation.Under the proposal, crypto brokers - centralised and decentralised exchanges, payment processors and some hosted wallets - would have to provide a new tax reporting form, called a Form 1099-DA, to help taxpayers determine if they owe taxes. The rules would cover crypto such as Bitcoin and Ether, as well as NFTs.The form, covering information such as customers’ capital gains and losses, would be sent to both customers and the IRS.

The banks have urged the Albanese government to assess how every existing law might capture the use of artificial intelligence before drafting new ones, to protect the financial industry’s AI rollout from unintended regulatory delays.

By Jamie McGeever

The coming decade will see the largest global transfer of wealth in the planet’s history, as the Baby Boomers’ accumulated treasure of more than $US68 trillion goes to their heirs.

Black Summer Season 3 remains uncertain as the passage of time and lack of updates cast doubt on its continuation. Following a two-year wait for Season 2 after the first installment, it has now been over two years again with no indications of a third season. Given the prolonged silence, coupled with modest viewership numbers, speculations arise that Black Summer might have silently met its end. Black Summer, a Netflix Original horror series co-created by Karl Schaefer and John Hyams, serves as a prelude to the eccentric zombie show Z-Nation. The second season of Black Summer marked a notable improvement over its predecessor. The show's ability to create tension during zombie encounters and survivor confrontations remains its strong point. Regarding the possibility of Black Summer's return for Season 3, Netflix's official stance remains «Pending» as of June 17, 2021. Season 2 premiered on the streaming platform in June 2021, and despite the passage of two years, there has been no word about its future. Jamie King, a lead actor in the series, expressed optimism about Season 3's potential in an interview with Express. However, her remarks also implied that a third season might conclude the series. Neither Netflix nor The Asylum, the production company, provided comments regarding the show's future. The absence of a Season 3 renewal might stem from the show's limited global viewership and relative lack of popularity, especially in English-speaking regions like the US and UK. Despite briefly entering the US TV top ten from June 17 to July 2, 2021, Black Summer was later displaced by other shows. A global top-ten placement was not achieved, and the show's performance fell short of rival series like Lucifer.

G20 is to promote economic growth and development, and that cannot advance if the crucial concerns of the Global South are not addressed, external affairs minister S Jaishankar said on Sunday. «For a variety of reasons that range from scale, subsidy, technology, human resources & strategic choices, the Global South was reduced to being a consumer rather than a producer,» Jaishankar said in his address at the B20 Summit organised by CII ahead of the September 9-10 G20 Summit. «It is, however, an undeniable reality that the international system remains dominated by the Global North. This is naturally reflected in the composition of G20 as well.

Prime Trust, LLC, has found itself at the centre of a complicated financial and legal scenario. On August 14, 2023, the business and a few of its affiliates voluntarily petitioned the United States Bankruptcy Court for the District of Delaware for Chapter 11 bankruptcy protection.

Tata Power Charging Solutions, the largest provider of EV charging in the country, is looking at an over 6-fold jump in the number of semi-public and public chargers it offers for electric vehicles (EVs) to 25,000 from the current 4,000 over the next 5 years. The service provider is encouraged by the sharp month-on-month jump in the number of registered users on its mobile application amid a fast adoption to EVs, said a company executive. «With EVs growing at a fast pace, we are constantly expanding at suitable locations every month. We are also encouraged by the number of registered users on our app. It has gone up to 168,000 year-to-date (fiscal) as compared to 135,000 in the whole of last fiscal,» Virendra Goyal, the head of business development (EV Charging) at Tata Power told ET. The Tata Power Renewables' subsidiary has a presence in all the four categories which comprises home, public (including semi-public), bus and fleet charging segments. Since 2018, ahead of the launch of Tata Motors e-Nexon in 2020 — the first EV offering from Tata Motors — it has deployed 50,000 home chargers. It plans to end FY24 with 7,000 public EV charging points.

Analysing the FDI Flow India's thriving economy has also attracted $46 billion in FDI during FY2023, registering a remarkable growth of 89% since FY2014. This warrants scrutiny of the jurisdictions contributing to this inflow.

Telstra kicked off its $50 million bet on entertainment and content aggregation, relaunching streaming platform Fetch to replace Telstra TV for its 700,000 users.

Shivraj Singh Chouhan on Sunday raised the allowance given to women under the 'Ladli Behna' scheme from ₹1,000 to ₹1,250 per month. He also announced 35% reservation for women in government jobs.

Muslim student, who was slapped by his classmates following the orders of a school teacher in Muzaffarnagar, will be admitted to a government primary school provided his family agrees to it, officials of the education department said on Sunday. The department will also facilitate for the transfer of other students studying in Neha Public School in Khabbupur village where the incident took place on Friday, they said. «The father of the boy who was slapped does not want his son to continue his studies there (Neha Public School). The block education officer spoke to the boy, and he expressed his willingness to study in the government primary school in the village. On Monday, his enrolment will be done in the government school, provided his family is willing to do so,» Muzaffarnagar Basic Shiksha Adhikari (BSA) Shubham Shukla told PTI. Shukla said that the private school in Khabbupur village will not be closed and normal teaching activities will continue. «The school has been asked to give in a month its clarification to the department regarding its affiliation. It has three teachers and runs classes from one to five,» the BSA said.

Union home minister Amit Shah will chair a meeting of the Western Zonal Council on Monday in Gandhinagar where a host of issues such as speedy investigation in cases of sexual offence and rape and matters related to infrastructure and environment will come up for discussion, officials said. The Western Zonal Council comprises Gujarat, Maharashtra, Goa and the Union Territories of Daman and Diu and Dadra and Nagar Haveli. The meeting will be attended by chief ministers, ministers, chief secretaries, principal secretaries and senior officers of member states and central government, officials said. The meeting is likely to discuss issues like speedy investigation in cases of sexual offence and rape against women and children, implementation of Fast Track Special Courts for expeditious disposal of rape and The Protection of Children from Sexual Offences (Pocso) Act cases. Facilitation of banks and India Post Payment Bank branches within 5 km in each village, addressing malnutrition among children through Poshan Abhiyan, reducing drop-out rate of school children, participation of government hospitals in Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and issues of general interest at national level will also be discussed at the meeting. The meeting will discuss issues of common interests in areas of road connectivity, power, industries and other matters, they said.

Income tax department is looking into tax evasion by about six companies providing foreign tour packages for under-reporting of income, non-deduction of the prescribed tax and their involvement in remitting money abroad through the hawala racket or unofficial fund transfer. The department sent show cause notices to these companies between June and July, ET has learnt. «There was gross underreporting of income and also they were using fake names and addresses and identity for booking the package,» an official told ET, adding that in some instances a tour package was booked in the name of one person for four consecutive quarters which on closer scrutiny were found out to be fake.

Slamming Rajasthan chief minister Ashok Gehlot who hailed former prime ministers Jawaharlal Nehru and Indira Gandhi for ISRO's successful mission to the lunar south pole, state BJP chief C P Joshi alleged on Sunday that during the Congress rule conspiracies were hatched against scientists and they were jailed. "Under Congress rule, scientists got no facilities and were sent to jail by hatching conspiracies," Joshi alleged. Joshi claimed that it was under the Narendra Modi government that proper facilities and resources were provided to the scientific community for the first time.

Kohrra and Rana Naidu ruffled some feathers. There’s also concern about the potential impact of a consultation paper proposed by the Telecom Regulatory Authority of India (Trai) for regulating OTT platforms, including content providers.

GST regime, having recently celebrated its sixth anniversary, stands as a remarkable achievement in the Indian tax landscape. Over this time, it has made substantial contributions to GoI’s financial coffers. To provide a snapshot, the gross collection for FY2023 reached an impressive Rs 18.10 lakh crore, with an average monthly collection of Rs 1.51 lakh crore for the year.

Steve Harvey's wife, Marjorie Elaine Harvey, has been allegedly cheating on him with his bodyguard William 'Big Boom' Freeman. Marjorie has reportedly filed for divorce from Harvey after being caught red-handed and demanded $200 million as alimony. Strangely, just a few hours before the divorce rumors about him, Steve Harvey had shared a post on Twitter / X, asking his fans to «name a comedian you don't think is funny». Steve later claimed that the tweet was shared by his social media manager, whom he fired immediately. Marca shared Steve Harvey’s statement, as he wrote: «Somebody that works for me on my Twitter put a statement out that was totally negative. I gotta take responsibility for it 'cause they work for me, but the engagement was talking about 'name a comedian you don't think is funny.' Why would I do something like that? That don't even make no damn sense.» (sic) Soon after, there were claims that his wife Marjorie had filed for divorce after it was outed that she was allegedly in a romantic liaison with Steve Harvey's bodyguard, William 'Big Boom' Freeman.

Bhairahawa to Delhi and Hong Kong, making Kathmandu a transit point. The ticket booking for the same has already started, according to Nepal Airlines spokesperson Ramesh Paudel. In the beginning, there will be Bhairahawa-Hong Kong and Bhairahawa-Delhi flights via Kathmandu every Tuesday.

NEW DELHI : India has made G20 a more inclusive forum during its presidency by inviting the African Union to join the group, thus providing a platform for the voice of Africans to reach the world, prime minister Narendra Modi said on Sunday. Speaking during the 104th episode of Maan Ki Baat, his monthly radio talk, Modi termed the Indian presidency of the G20 as “people’s presidency". He said that the country is fully prepared to host the G20 leaders’ summit in September that will see 40 heads of states and government as well as several global organizations for the “biggest participation ever in the history of the G-20 Summit".