Provident Financial News

Employees’ Provident Fund Organisation in May fell marginally to 1.63 million compared to 1.68 million added in May last year, though the number of new employees added to EPFO were highest in the last six months at 0.88 million. The social security organisation also witnessed a month-on-month decline of 5.2% in May when compared to 1.72 million net new subscriber addition registered in April, shows the provisional payroll data released by the labour ministry on Thursday.

BRICS Expert Forum on Nuclear Medicine was recently held in Moscow. The Forum brought together over 200 representatives from Russia, Brazil, India, China and South Africa.

Congress regime's Shakti scheme which they say is harming their business by providing free bus rides to women. The Federation of Karnataka State Private Transport Association said it had demanded that the scheme be extended to private operators as well, but the government did not comply. “Around 30-35% private buses in Karnataka are not running right now.

The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years. FedNow is launching with 41 banks and 15 service providers certified to use the service, including community banks and large lenders like JPMorgan Chase, Bank of New York Mellon, and US Bancorp, but the Fed plans to onboard more banks and credit unions this year.

Word about blockchain technology’s benefits has penetrated the global marketplace, so now’s the time for blockchain businesses to begin deliberately refining and sharing their marketing messages. Like other service businesses, blockchain companies have to find effective ways to explain why their service in particular is the right choice for a potential client’s unique needs. However, unlike service companies in other industries, in many cases, blockchain leaders will be marketing a service that B2B clients may be intrigued by but don’t understand well.

₹149.60 crore from Zee Entertainment. The case has been filed with the court registrar, but is yet to be listed for hearing. The public sector lender had filed the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), which allows a financial creditor to file an application for initiating Corporate Insolvency Resolution Process (CIRP) against a corporate debtor before the adjudicating authority.

A new crypto project, Launchpad XYZ, is making waves in the cryptocurrency space with its ongoing presale.

The ongoing ethnic clashes in Manipur became a significant part of the mainstream discourse this week as a video of two women being assaulted went viral. The duo - believed to be members of the Kuki Zo tribe - were paraded naked by a mob and sexually assaulted, with some reports claiming that they were also gang-raped. Chief Minister N Biren Singh however indicated on Wednesday that this was not an isolated incident.  "There are hundreds of similar cases that are happening here.

Nikhil Rathi (pictured) is the CEO of the Financial Conduct Authority

The scam begins when travelers search for tickets online or respond to scam emails. Amidst the overwhelming number of travel sites and apps, they may choose what appears to be a reputable source with unbelievably low prices. Upon contacting the supposed travel agent, they provide personal information and payment details. The scammer claims to have booked a confirmed seat and provides flight information, making the traveler believe the ticket is genuine. However, when the traveler attempts to check in for their flight, they realize the ticket is nowhere to be found. Instead of booking an actual ticket, the scammer merely reserved a seat. The unfortunate victim is left with no ticket, no money, and no recourse from the airline. Protecting Yourself: Don't Fa

Ram Rahim Singh was on Thursday granted regular parole of 30 days by the BJP-led Haryana government. Ram Rahim headed to his dera at Barwana in Uttar Pradesh's Baghpat district — the place where he had spent his previous parole in January this year.

Bombay High Court on Thursday frowned on media reports pertaining to witnesses who will be summoned in the CBI probe against IRS officer Sameer Wankhede on charges of extortion and bribery in connection with the cruise ship drug bust case. The HC sought to know who was leaking such information. A division bench of Justices A S Gadkari and S G Dige said the media reports have said the information is from Central Bureau of Investigation sources.

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Ahmedabad, July 20: Ahmedabad-headquartered Seacoast Shipping Services Limited, a leading single-window logistics services provider, reported excellent numbers for the first quarter of financial year 2023-24 with its Profit After Tax (PAT) surging by 65% on a year-on-year basis and by 80% on a quarter-on-quarter basis. The company has also announced a rights issue, which is set to open on Friday, July 21. The company’s PAT for the latest April-June quarter was Rs.

Cryptocurrency exchange Bitget is using artificial intelligence (AI) in a number of ways to provide better services for users and stay ahead of the curve. 

Sebi has decided to introduce a separate sub-category for ESG (Environmental, Social and Governance) investments under thematic category of equity schemes. Any scheme under the ESG category can be launched with one of the strategies such as Exclusion, Integration, Best-in-class & Positive Screening, Impact investing, Sustainable objectives, and Transition or transition related investments. Presently, mutual funds are permitted to launch only one ESG scheme under the thematic category for equity schemes. In view of the industry representations for allowing multiple schemes with different ESG strategies and considering the increasing need for green financing, Sebi has decided to permit launch of multiple ESG schemes with different strategies by mutual funds. Mutual funds should ensure that the schemes launched are clearly distinct in terms of asset allocation, investment strategy etc.

The price of Terra Luna Classic (LUNC) has fallen by 1.5% in the past 24 hours, with LUNC's drop to $0.0000873 coming as the cryptocurrency market as a whole rises by 1%.

A fraudster who has been convicted twice before has been charged by the SEC for alleged involvement in a multimillion-dollar Ponzi-like scheme.

Sequoia Financial Group is expanding its reach in Ohio with the acquisition of a Cleveland wealth management firm.

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe, who arrives in New Delhi today. This is Wickremesinghe’s first visit to India since taking office after his predecessor, Gotabaya Rajapaksa, was swept from power after mass protests in 2022. The visit comes even as Sri Lanka continues to grapple with a protracted economic crisis.

The committee in May called into question Government plans to regulate consumer crypto trading as a financial service, arguing that this will create a ‘halo’ effect, leading consumers to believe this activity is safe and protected, when it is not. In presenting its conclusions, comittee chair Harriett Baldwin said the events of 2022 had highlighted the risks posed to consumers by the cryptoasset industry, "large parts of which remain a wild west".