Provident Financial News

Ukraine's military effort. Currently, the Netherlands has a total of 42 F-16 planes, out of which 24 are in use and cannot be transferred to Ukraine till at least 2024.

Investing.com — Federal Reserve officials gather for the central bank’s annual get-together at Jackson Hole, Wyoming with a speech by Federal Reserve Chairman Jerome Powell the main highlight. The deepening crisis in China’s property sector will remain to the fore, while PMI data out of the Eurozone and the UK will likely add to the gloom. Here’s what you need to know to start your week.

Hungary has struck a deal with Serbia that could bring increased shipments of Russian natural gas through the Balkan country if Ukraine ends a gas transit agreement with Moscow

Baltimore Ravens are taking on Washington Commanders at the FedExField during Week 2 of the National Football League (NFL) regular season on Monday, August 21. Football fans across the US will be looking to catch the match-up between the Baltimore Ravens and Washington Commanders.

Canadian homeowners are having regrets over their current mortgage as they face unexpected increases in their monthly payments, says one new study.

In a 10-minute video posted by Nishant Kalia, a Calgary-based YouTuber and recent immigrant who runs the In The North – Canada channel, discusses the possibility of a recession, rising rents and layoffs as he walks the streets of the city with his partner.

Whether owned personally or by a corporation, permanent life insurance offers a range of planning advantages that can enhance your overall estate planning, increase liquidity and provide tax-saving opportunities, which makes it a potentially valuable tool when it comes to financial planning.

In today’s fast-paced world, credit cards have emerged as an indispensable component of our financial lives, offering unparalleled convenience and the potential to build credit profiles. However, misuse and mismanagement of credit cards have become a concerning global trend, leading to financial distress for many individuals.

The Income Tax Department has notified rules for valuing rent-free accommodation provided by employers. The notification will help employees who are drawing substantial salaries and living in rent-free accommodation provided by their employers to save more.

By Nimisha Dua

Retirement planning is an essential part of financial planning. One must start planning for retirement early in life to ensure a comfortable post-retirement life. However, with so many retirement and pension plans available in the market, choosing the right plan can be challenging. Here’s an in-depth analysis of the advantages and disadvantages of different retirement and pension plans available in the market.

Taxation of profits or gains from property sale occurs at a fixed rate of 20%, provided the asset has been held for over 24 months. While this rule might seem straightforward, the actual calculation of these gains is far from simple. From delving into old stamp duty receipts to acquiring valuation reports, the steps to accurately determine the figures are quite intricate. Therefore, taxpayers should safely keep various documents in connection with the purchase and sale of immovable property to facilitate precise tax computation and smooth tax assessments.

The deadline to fill out original income tax returns (ITR) concluded on July 31. While it is crucial to submit your ITR on time, it is also vital that you strive to be meticulous and try to avoid errors. However, sometimes there is a chance that we might rush to file the ITR at the last minute. As a result, it is quite natural to make mistakes when the deadline approaches.

The luxury real estate segment in India has experienced a remarkable resurgence, evidenced by a staggering 130% surge in high-end property sales during the first half of 2023 compared to the corresponding period in the preceding year. According to the latest data unveiled by CBRE South Asia, a leading real estate consultancy, a total of 6,900 luxury residences, commanding prices of Rs 4 crore and above, were successfully transacted between January and June this year, showcasing a substantial increase from the 3,000 units sold in 2022.

Often we need funds urgently, but we have a few options to choose from. These options can have a huge impact on our finances if we don’t pay attention to the terms and conditions of the debt we are borrowing. If you are planning to avail a secured loan, one of the options you can opt for is a gold loan. A gold loan is a type of secured loan where individuals can borrow money from banks or a non-banking financial company by pledging their gold jewellery, coins, or other forms of gold as collateral.

If YOU PLAN to move abroad either for a job or for higher education, careful financial planning is essential to ensure a smooth transition. Foremost, you must inform your bank about the change in residential status and savings/current accounts should be converted into Non-Resident Ordinary (NRO) to manage any future income you earn from investments in India.

Nirmala Sitharaman, and health minister Mansukh Mandaviya. The finance and health ministers of several G20 nations attended the event.

University athletic departments and college conferences use independent sports-betting monitoring services to make sure athletes and personnel do not bet on sports

semiconductors and electronics in the one year since President Joe Biden signed off on a law that promotes the sector. In June, US-based Intel said it would invest $33 billion in Germany to expand in Europe. The number of semiconductor fabs processing 300-mm wafers globally is projected to jump from 138 in 2020 to 180 in 2023 and 233 in 2027.

Consumer affairs department has also directed National Cooperative Consumers' Federation (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED) to procure around one lakh metric tonne of onions to further achieve the additional procurement target. Alongside procurement the said bodies will retail onions at Rs 25 per kg through outlets and mobile vans of NCCF from August 21 2023. «Retail sale of onion will be suitably enhanced in coming days by involving other agencies and e-commerce platforms,» the government said in a release.

paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and paperboard, 15 per cent in kraft paper and 65 per cent in tissue paper imports. The top import sources of uncoated writing & printing paper are Indonesia, Singapore and China. The top import sources of coated paper and paperboard are China, Japan and South Korea, the Indian Paper Manufacturers Association stated in a statement.