Provident Financial News

National Pension System (NPS) calculator news: While most of the benefits of the National Pension System are widely known, investors often wonder how much monthly pension they can generate by investing in this scheme. The National Pension System (NPS) Trust has now made it easy to calculate the tentative pension and Lump Sum amount an NPS subscriber can expect on retirement.

The Union Budget 2023-24 proposed an increase in tax collection at source (TCS) for foreign outward remittances under Liberalised Remittance Scheme (LRS) to 20 per cent, applicable from July 1, 2023, with some exceptions for education and medical purposes. The implementation of the same has been deferred till October 1, 2023. Before this proposal, 5 per cent TCS was applicable on foreign outward remittances above Rs 7 lakh in a financial year. The most affected segments are overseas tour packages and all other purposes excluding education and medical treatment. Banks and financial institutions issued notices to their customer about the changes. 

Filing income tax returns is a significant annual responsibility for individuals in India. To ensure a seamless and accurate filing process, it is crucial to understand the essential steps involved. In this comprehensive guide, we will walk you through the five essential steps that every Indian taxpayer must remember while filing their income tax returns.

By Tushar Gandhi

CRCS Sahara Refund Portal Registration Process, How to Get Refund: If your money has been stuck in Sahara India’s cooperative societies for years, you can now apply to claim it back through the recently launched CRCS Sahara Refund Portal by Union Minister of Home and Cooperation Amit Shah.

Retirement is a phase of life that should be cherished, just like running a marathon. It’s a time filled with possibilities and opportunities. As you transition into this new chapter, it’s important to adapt lessons from other areas of life, such as long-distance running, into your financial planning.

₹6,071 crore for Phase-1 has been provided by the consortium of banks.  The ₹8,783 crore-greenfield project completed a full debt tie-up with a consortium of banks led by SBI earlier this year. Meanwhile the equity for the project has been invested by the parent Adani Enterprises Ltd.

Ramkrishna Forgings Ltd on Sunday reported a 63 per cent jump in its net profit at Rs 76.97 crore during the June quarter, on account of higher income. It had clocked Rs 47.26 crore net profit in the April June period of the preceding 2022-23 fiscal, Ramkrishna Forgings said in a statement. The company's total income also rose to Rs 835.95 crore from Rs 650.75 crore in the year-ago quarter, posting a rise of 28 per cent.

This young prodigy's victory not only made him the third-youngest champion at Wimbledon in the Open era but also provided invaluable lessons for investors seeking to create wealth and optimize their portfolios. Like the iconic pairing of Wimbledon's classic Strawberry & Cream, the interplay of wealth and tennis unfolded with an exquisite taste of victory and for those who care — a dash of financial wisdom.A Legendary Clash of Experience and ResilienceNovak Djokovic, known for his consistent dominance and unwavering focus, was on the verge of securing his eighth Wimbledon victory.

Netflix’s revenues in Asia-Pacific countries are falling, putting the region at odds with the company’s overall outlook, with the streaming giant recording a large increase in the number of subscribers in the United States after it put in place measures to prevent the sharing of accounts.

In a little over three years, EQT has gone from zero to some $8 billion in deals around the country. Now the Swedish private equity firm is growing again, launching its first private wealth fund in Australia.

Viewers watching a game of rugby or their favourite NRL team stand a good chance of seeing an advertisement promoting US Powerball.

Nifty has immediate support at 19700 level. Index can slide up to 19500 to 19300 in next week if index moves below 19700 level. On higher side index will have stiff resistance 19850 followed by 20000.

equities, you can set off your losses against the gains and even carry residual losses to subsequent fiscal years. As the deadline of July 31 to file your income tax returns (ITR) nears, this strategy can help you lower your tax payouts. Income made by an investor by selling equity shares is treated as 'Capital Gains' and is taxed as either Long Term Capital Gains (LTCG) or Short Term Capital Gains (STCG).

PMI Electro Mobility on Saturday said it has signed an agreement with public-sector enterprise REC Limited to provide finance for its commercial EVs. PMI Electro Mobility MD Satish Jain said the signing of the memorandum of understanding (MoU) took place during the "Green Finance" Summit organised by REC Limited (formerly Rural Electrification Corporation) on the sidelines of the Clean Energy Ministerial and Energy Transition Working Group Ministerial meeting, which culminated on Saturday.

Delhi High Court has directed the Delhi Jal Board (DJB) to ensure regular supply of fresh drinking water to the inhabitants of Bhalswa resettlement colony here which is located near a landfill. A bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula granted four weeks' time to the counsel for the DJB to file a detailed status report in the matter.

Mayawati on Sunday lashed out at the Ashok Gehlot government in Rajasthan, saying the minimum guaranteed income bill passed by it is aimed at serving its «political interest» ahead of assembly polls. The Rajasthan Assembly on Friday passed a bill to provide minimum guaranteed income to all adult citizens as part of a welfare package for the state.

Indonesian fitness influencer, Justyn Vicky, lost his life in a horrifying accident at a gym in Bali. As a viral video circulated on social media, the devastating incident unfolded during a squat press attempt with a barbell on his shoulders. In the video, Justyn Vicky is seen attempting to lift an immense 210-kilogram weight at the Paradise Bali gym. However, as he went into the squat position, he encountered difficulties standing back up, as reported by various media outlets. Struggling to hold the weight, he tragically fell backward into a sitting position, with the barbell landing on the back of his neck. During this terrible moment, his spotter, the person responsible for providing assistance and support during weightlifting, also lost balance and fell backward with him.

Gautam Buddh Nagar administration has issued a flood warning for low-lying regions along the Hindon as water discharge in the river increased, officials said on Sunday. Around 200 people from five villages have been evacuated and shifted to shelter homes after the alert was raised on Saturday, they said.

Adult Swim recently unveiled exciting trailers for three upcoming anime series: "Uzumaki," "Ninja Kamui," and «FLCL: Grunge.» «FLCL: Grunge» is scheduled to debut on September 9th, while «Ninja Kamui» will premiere later this year. As for «Uzumaki,» its release date was not mentioned in the video, but Jason DeMarco confirmed via Twitter that it is expected later this year.

Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said. Copper is known as the «metal of electrification» as deeper electrification requires wires, which are primarily made from copper. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper.Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum in two phases.