Provident Financial News

Noida-based real estate developer Gulshan Group has announced the launch of its latest ultra-luxury project AVANTE in Greater Noida West. This exquisite low-density residential development is aimed at setting new benchmarks in luxury living in Greater Noida West, which in the last decade has seen good growth in the residential segment.

Safety of capital, guaranteed interest income and higher interest rates from other depositors make bank fixed deposits (FDs) a preferred investment instrument for senior citizens, especially for retired individuals lacking other sources of income. Another fixed income instrument that has gained significant traction among senior citizens in recent years, especially during the low interest regime of Covid years, is Senior Citizens Saving Scheme (SCSS). The net corpus of this scheme has grown from Rs 73,728 crore in February 2020 to about Rs 1.17 lakh crore in February 2022.

Best-performing Mid Cap Mutual Funds in 3 years ( till July 14, 2023): A majority of Mid Cap Mutual Fund schemes have performed well in three years. As per data on the website of Association of Mutual Funds in India (AMFI) at the time of writing, as many as 10 mid-cap funds have given over 34% returns under their direct plans. The regular plans of these schemes have also given over 32% returns.

The government is considering a comprehensive scheme to promote coal gasification projects for both government public sector undertakings (PSUs) and the private sector with an outlay of Rs 6000 crore. The Ministry of Coal has set a target to achieve coal gasification of 100 Million Tonne (MT) coal by FY 2030 reflecting the government’s commitment to harnessing the power of coal gasification. “The proposal incorporates a comprehensive set of measures that capitalize on natural resources and demonstrate financial and technical feasibility of coal gasification. This initiative is set to meet the future energy needs of the country while stimulating other sectors,” said the Ministry of Coal in a release. 

A potential investor told me that he had a dream scenario: a Public Provident Fund (PPF) that would take any amount of money and give back tax-free returns. He said he would put all his savings in PPF if that were possible.

By Avinash Polepally

The technology-heavy Nasdaq 100 has been the top performer of the major U.S. indices by a wide margin thus far in 2023, soaring 42.3% year-to-date to reach its highest level since April 2022.

IPO) of Netweb Technologies will open for subscription on July 17 and stay till July 19. The company's shares are expected to get listed on both the exchanges.

Microsoft is set to release a major update for Windows 11, named 23H2, in the fourth quarter of 2023. While the exact features are yet to be unveiled, beta testing for the Operating System (OS) indicates exciting possibilities.The Verge has reported that among the unreleased features is Windows Copilot, which utilises the GPT generative AI tech for an OS-wide personal assistant. Users can already test this new feature. Another anticipated addition is the next File Explorer, featuring tabs, favourites, and a modernised appearance. Further, gamers can rejoice as native RGB lighting settings will arrive, eliminating the need for hardware-specific software. The update will also bring built-in support for RAR and 7-zip compressed files and introduce a dark mode for Paint. The upgrade process to the new OS involves downloading the 23H2 update to systems already running the current version, 22H2. However, the new features will remain dormant until Microsoft is ready for the official release.

Alcaraz, on Sunday. Djokovic aims to secure his 24th Grand Slam victory and equal Roger Federer's record of eight Wimbledon triumphs. Meanwhile, a win for Alcaraz would mark his second Slam title and signify a potential changing of the guard in men's tennis. If you're wondering how to watch this thrilling match, we've got you covered.

Suniel Shetty on Saturday announced his investment in re-engineered tyre startup brand Regrip. «I am super excited about my association with Regrip.

The XRP price has experienced a significant downturn, with Ripple's native cryptocurrency plummeting by 20% from its recent peak. 

TOKYO—American and Japanese military officials have been working on a plan for a conflict over Taiwan for more than a year, but the talks have yet to resolve a central question: Would Japan join the fight? Washington has nudged Tokyo to consider roles for the Japanese military such as hunting for Chinese submarines around Taiwan, said people familiar with the discussions, without getting any commitment. The planning is one of the most important aspects of the U.S. response to Beijing’s threats to capture Taiwan by force.

Back in early 2020, some of us figured that shutting down the economy in a panicked response to Covid probably wasn’t a wise move. Reporting on the latest in a very long series of negative consequences from politicians’ reckless attempt to close society and then simulate prosperity with government spending, Jeanette Settembre reports for the New York Post: Tens of thousands of fraudsters splurged on Lamborghinis, vacation homes, private jet flights and Cartier jewelry by fleecing the PPP loan system... — and did it because the COVID loan scheme was so easy to milk .

BMW X5 facelift is locally produced at BMW Group Plant Chennai and is offered in both petrol and diesel variants at all BMW India dealerships. The car comes in metallic paintworks that include Brooklyn Grey, Carbon Black, Mineral White, Skyscraper Grey, Tanzanite Blue and Black Sapphire. The ex-showroom prices are: BMW X5 xDrive40i xLine                       -           ₹93,90,000 BMW X5 xDrive40i M Sport                   -           ₹1,04,90,000 BMW X5 xDrive30d xLine                      -           ₹95,90,000 BMW X5 xDrive30d M Sport                  -           ₹1,06,90,000 Vikram Pawah, President, BMW Group India said, “There are no limits to confidence when you're driving the new BMW X5.

European Bank for Reconstruction and Development (EBRD), of which India is a shareholder, will arrive in India on Sunday for a G20 finance summit with the reform agenda for multilateral development banks (MDBs) high on the list of priorities. Odile Renaud-Basso, the first woman head of an MDB as EBRD president, will begin her four-day visit in Gandhinagar for the Finance Ministers and Central Bank Governors gathering.

social media feeds. Whatever their flaws, the old gatekeepers were, at least on paper, beholden to the public. The new gatekeepers are fundamentally beholden only to profit and to their shareholders.

Even an affordable smartwatch comes with a heart rate monitor, calorie counter, SpO2 level tracker, and blood pressure monitor these days. These gadgets also measure sleep and keep your stress in check. So get ready to explore the newest launches during this Amazon sale today and invest in your lifestyle.

High Court of Karnataka has rejected the contentions of two brothers who were unwilling to pay the Rs 10,000 per month maintenance they were ordered to pay their aged mother, stating that they are bound by law, religion and custom. Gopal and Mahesh, the two brothers, had been ordered by the Assistant Commissioner, Mysuru to pay maintenance of Rs 5,000 each to their mother Venkatamma in May 2019.

Mahila Samman Savings Certificate, a small savings scheme for women and girls, was introduced by Union Finance Minister Nirmala Sitharaman in the Union Budget 2023–24. Through an e-gazette announcement published on June 27, 2023, the Department of Economic Affairs, Ministry of Finance, authorised all Public Sector Banks and qualified Private Sector Banks to adopt and operationalize the Mahila Samman Savings Certificate, 2023. The Mahila Samman Savings Certificate scheme can now be purchased at Post Offices and qualified Scheduled Banks.

PWD Minister Atishi on Saturday directed the chief secretary to ensure that all amenities are provided to people sheltered in relief camps.Marooned locals residing on the banks of the Yamuna were evacuated and shifted to relief camps after the river breached the danger mark, resulting in water spilling over and flooding several parts of the national capital. The PWD minister said since Friday, there have been complaints of inadequate facilities at the relief camps, adding that the people sheltered there claimed a shortage of water, inadequate toilets, electricity and poor quality of food.