Provident Financial News

RBI on Tuesday issued a Master Direction on the Treatment of Wilful Defaulters and Large Defaulters under which banks and NBFCs will have to examine the 'wilful default' aspect in all non-performing asset accounts with outstanding amounts of Rs 25 lakh and above.

Lata Jain is set to receive a plot of land worth Rs 7 crore, despite having originally paid only Rs 50,000 in 1988, reported TOI.

₹6,168 on Amazon, includes the latest Echo Dot and a Wipro 9W LED Smart Bulb. The Echo Dot’s in-built motion detection and temperature sensors allow for automatic lighting and AC control, which can be customized using the Alexa app's routines feature.

old tax regime must file it on or before the deadline of July 31. This is because the option to file ITR under the old tax regime will not be available from August 1, 2024, for FY 2023-24 (AY 2024-25) for those taxpayers for whom the deadline is July 31. This will lead to the loss of the option to claim deductions and exemptions under the old tax regime as well as higher tax outgo in the new tax regime — presuming that the old tax regime was favourable for them to start with. Further penalty of Rs 5,000 as well as penal interest under Section 234A will be applicable due to belated ITR filing.

'Barron's Roundtable' panelists discuss ongoing market rotation, small caps garnering attention and expected remarks on cryptocurrency by former President Trump.

medical insurance or health insurance covers is its flexibility. The pay-out you receive under critical illness coverage can be used for various expenses, not just medical bills.Let's consider an example to illustrate this:Suppose there is a person named Raj, who is a 40-year-old software engineer with a wife and two children.

India is moving towards a new fiscal policy framework. Finance minister Nirmala Sitharaman said in the Union budget announced earlier this month that after 2025-26, the government will try to keep the fiscal deficit at a level “such that the central government debt will be on a declining path as a percentage of GDP." What does this mean? India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP).

military funding to the Philippines, US Secretary of State Antony Blinken said Tuesday, as Washington boosts ties with Manila in the face of China's growing assertiveness.

Ruloans has achieved a business volume of Rs 37,500 crore in FY24, marking a 40% growth compared to that of FY23. This business growth was driven by demand rising across all loan categories, including home loans, business loans, personal loans, and loans against property.

Navneet Munot, MD & CEO, HDFC AMC, and Bharat Shah, Executive Director, ASK Group, in conversation with Nikunj Dalmia of ET Now on the occasion of Prabhudas Lilladher 80th Anniversary . Naveneet Munot says he feels more positive for the next 10-20 years from foreign portfolio investors' perspective. What the retail presence is doing is bringing down the volatility of the market on a structural basis. Now, our SIP per month is Rs 21,000 crore. In 12 months, it is equal to $30 billion. Then there is NPS, EPFO, insurance, and all of that. This money every day is so large. It will provide more stability to the market. On FIIs and FPIs Navneet Munot: Despite whatever was happening in the world, most of the great market people like Amisha bhen (Amisha Vora, Prabhudas Lilladher co-owner & Joint MD), have served like foreign portfolio investors for the last 30-32 years when they started investing. Out of the last 30-32 years, for almost 24 or 25 years, they have been net buyers of Indian equities, except for six or seven calendar or financial years, where they have been a net seller of Indian equities.

Congress leaders Rahul Gandhi and Priyanka Gandhi are expected to visit Kerala's Wayanad, where massive landslides claimed ,ore than 40 lives.

Aditya Birla Sun Life Mutual Fund has filed a draft document with Sebi for a new defence fund, becoming the third fund house to offer a passive fund focused on the defence sector. The draft is for the Nifty India Defence Index Fund.

Union Government has come under fire from the opposition after two people were killed after several coaches of the Howrah-CSMT Express derailed near Chakradharpur in Jharkhand.

Sovereign Gold Bonds (SGBs) are an important investment option for retail individual investors. Any change in the taxation of SGB will have a material impact on your total returns. Budget 2024 has proposed several changes that may directly affect the taxability of your SGB investment if it is sold before maturity or prematurely redeemed.

TN SSLC Supply Result 2024 Live Updates: The Directorate of Government Examinations (DGE), Tamil Nadu is set to announce SSLC Supply results at 2 pm today, July 30. Candidates who appeared for the exam can check and download their marksheet via the official website at dge.tn.gov.in.

VL Infraprojects listed on the NSE SME platform with a premium of 90% on Tuesday. The stock debuted at Rs 79.8 against an issue price of Rs 42. Ahead of the listing, the company's shares traded with a GMP of around Rs 60 in the unlisted market.

Rising demand for electric vehicles: The Indian government is promoting the adoption of electric vehicles (EVs) through a number of initiatives, including subsidies and tax exemptions. This is expected to lead to an increase in demand for car loans for EVs.Expansion of car loans to Tier 2 and Tier 3 cities: The demand for car loans is increasing in Tier 2 and Tier 3 cities as disposable incomes rise and car ownership becomes more affordable.Digitalization: The auto finance industry is becoming increasingly digitized, with more and more lenders offering online applications and approvals.To further analyze and understand these trends, we need to further delve into the understanding of consumer behavior.

Readers may recall the 4 June market correction when investors took advantage of the fall in prices and invested lumpsum amounts in mutual fund schemes?

Donald Trump has agreed to be interviewed by the FBI as part of its investigation into the motives of the 20-year-old man who tried to assassinate him during a campaign rally in Pennsylvania on July 13, bureau officials and Trump said Monday.

Reasons to buyReasons to avoidThe Butterfly Smart Glass Top 3 Burner Gas Stove is equipped with a 360-degree revolving nozzle, making it easy to use. Its heat-resistant legs and knobs ensure durability and safety.Reasons to buyReasons to avoidThe Butterfly Reflection Toughened Glass Top 2 Burner Gas Stove features a spill-proof design and a high-quality brass burner.

Wayanad district experienced devastating landslides following heavy rains that resulted in the tragic deaths of five individuals, including two children. Hundreds are feared trapped. The affected regions include Mundakkai, Chooralmala, Attamala, and Noolpuzha, which have been severely impacted and isolated due to the landslides. The ongoing heavy rainfall is complicating rescue operations, and many locals fear that more individuals may be trapped.