Provident Financial News

Sebi, in its board meeting on Monday, announced that it would introduce uniform standards for nomination facilities across the Indian securities market and consistent norms for nominations across demat accounts and mutual fund investments. The maximum number of nominees will be increased to 10 now from three earlier. It will also allow nominees to act on behalf of incapacitated investors, with certain risk mitigation checks and balances. The transmission process to nominees will be simplified with minimal documentation requirements. Also Read | Equity MF categories offer up to 5% average return in September

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Monsoon season 2024 ends with 7.6% more rainfall than normal with Rajasthan, Gujarat, west Madhya Pradesh, Maharashtra, Telangana and Andhra Pradesh getting excess rainfall, said India Meteorological Department (IMD) on Tuesday even as most parts of the country are expected to receive above normal rainfall. While rainfall in October could be 115% of Long Period Average (LPA), rainfall during post monsoon season October- December is expected to be 112% of LPA. Above normal rainfall during the post monsoon season may affect harvesting process standing kharif crops – paddy, pulses and oilseeds- affecting the overall productivity. The timely arrival of monsoon is good for agriculture as most of the kharif sowing takes place in the months of June and July. The southwest monsoon provides about 70% of India's yearly rain and is vital for the agriculture sector that contributes significantly to the country’s GDP and supports over half of its 1.4 billion population.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

A proposal to phase out large-scale confined animal farms will be put before voters in a Northern California county

Some Verizon customers have been hit by a service outage

According to a survey by the FCA, an estimated 10% of UK adults own crypto. Meanwhile, Statista projects that crypto adoption will increase to 35.12% by 2025, reaching 23.95 million users.

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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

A Georgia judge on Monday struck down the state’s abortion law, which took effect in 2022 and effectively prohibited abortions beyond about six weeks of pregnancy.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Employees may be worried that the relaxation in TDS compliance given to companies might impact the timely deposit of the tax against their respective PANs. Recently, there have been cases of companies such as SpiceJet and Byju's failing to deposit TDS with the government in time leading to employees facing income tax problems. Earlier, the companies had 60 days from the original due date to deposit the pending TDS (tax deducted at source). But from October 1, 2024, the new income tax laws give companies more time to do this. From October 1 onwards, companies can deposit TDS with the government till the deadline to file the TDS return. However, if the TDS is deposited after the original due date then, penal interest would have to be additionally paid. This means an additional 20 days to make the TDS deposit i.e., 60 days from original due date plus 20 more days.

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Tata Power will be in focus in Tuesday's trade after the company announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government. The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore.

NPS investors have to buy an annuity plan using at least 40% of their retirement corpus from the National Pension System. The monthly pension you can generate out of this corpus will depend on the annuity rate you get. The rates offered by annuity plans vary vastly depending on the annuity service provider. If you go for an annuity plan without comparing the rates and end up with the lowest rate, you may lose Rs 21.12 lakh on an investment of Rs 50 lakh, on account of annuity income, during a 30-year post-retirement life period, with a joint life annuity option. You can choose from 15 annuity service providers, and benefit from the competition among them if you pay attention to the fine print of their plans . We explain how you can make the best of your lifetime earnings by going for the most suitable annuity plan.

Subscribe to enjoy similar stories. New Delhi: The government is likely to allow sops for research & development and manufacturing under a new productivity-linked incentive policy for drones that is being discussed within the government, two people told Mint. The original proposal was to provide incentives for testing, R&D and manufacturing.

BNB, the native token of the Binance exchange, is considered one of the most influential coins in the crypto world. Investors are always on the hunt to look for opportunities to invest in Binance Coin. With the rise of AI, a lot of traders are moving to third-party platforms to profit from the rising prices of cryptocurrencies like BNB without needing to do the manual work.