Provident Financial News

Budget, presented by Finance Minister Nirmala Sitharaman, introduces significant changes to the taxation of capital assets and capital gains. These amendments aim to rationalize capital gains tax provisions and bring parity across different asset classes and types of investors. While the amendments are indeed welcome as they simplify the hitherto complicated capital gains tax provisions in India and largely bring listed and unlisted shares at par amongst resident and non-resident sellers.

Amit Shah on Tuesday said Budget 2024-25 will fuel the country's pace on the path of emerging as a developed nation by ushering in a new era of employment and opportunities. He also said the budget reflects Prime Minister Narendra Modi's «unwavering commitment» to driving economic growth by bolstering India's entrepreneurial power and ease of doing business.

ad-free plan will replace Netflix's Basic ad-free option, which will be phased out in the US and France. As a result, customers will have to pick between the two. This move is in line with Netflix's last one, which ended the Basic plan for new users in the summer of last year and later for current users in the UK and Canada. Uncertainty surrounds whether members would be automatically transferred to an alternative plan, although a spokeswoman stated that impacted users have been alerted and have 30 days to switch plans, as per the reports of Microsoft Start News.

Nilesh Shah, MD, Kotak AMC, says Budget 2024 is like Suryakumar Yadav’s catch in the last cricket T-20 World Cup. It has achieved the trinity of the impossible – the path of fiscal prudence, support for investment in infrastructure, and generating employment to boost consumption. I hope and pray that eventually, this catch helps us become Viksit Bharat. The India story is centred around SIPs and mutual funds. There is cash and if the India appeal is centred around SIPs and not tips, one should not worry about it in time to move on. So, whatever changes have come on taxation, should that be ignored? Nilesh Shah: So, don’t ignore it. You have to take that into account. People who are trading in F&O now will have to bear higher costs and hopefully, they will reduce their trading activity. But from an investor point of view, the fundamentals have improved with fiscal consolidation, with investment focus continuing and hopefully with better employment generation, this growth is likely to be sustained. So, the valuation impact on the market will be far more from the Budget rather than the diluting effect of increased taxation. So, overall, the India growth story continues and instead of tips, do SIPs.

Treasury Bills in the Budget. With the reduced supply of sovereign Treasury Bills seen bringing down their yields, cost of borrowing for firms is correspondingly set to fall as rates on debt instruments such as certificates of deposits and commercial papers are benchmarked to the government’s T-bills.

BBC is to axe 500 jobs over the next 20 months in a bid to save £200 million ($258 million) and become a «leaner, more agile organisation,» the British public service broadcaster announced Tuesday.

Twisters, Glen Powell has provided a tantalizing update on the much-anticipated Top Gun 3. Powell, known for his role as Lt. Jake «Hangman» Seresin in Top Gun: Maverick, shared insights during a promotional appearance on the Happy Sad Confused podcast.

fiscal prudence path, said experts on Tuesday. According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total expenditure in Budget Estimates (BE) 2024-25 is estimated at Rs 48,20,512 crore of which total capital expenditure is Rs 11,11,111 crore.

Nirmala Sitharaman of a scheme for providing internship opportunities in 500 top companies to one crore youth over five years lays the foundation for a future-ready workforce, creating a pool of skilled professionals in tune with industry demands, said experts.

Northeast India hailed the Union Budget 2024-2025 as a positive step towards the holistic development of the northeastern states.

Elon Musk is having nightmares about ‘woke mind virus’, a type of infection that poisons the victim with progressive thinking!

electric vehicles will be supported under the four-month Electric Mobility Promotion Scheme (EMPS) being implemented between April and July with an outlay of Rs 493.55 crore, the government said on Tuesday. Electric Mobility Promotion Scheme (EMPS) — 2024 will provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing ecosystem in the country. The maximum number of electric vehicles to be supported under the scheme stands at 3,72,215, including 3,33,387 electric two-wheelers, 13,590 e-rickshaws or e-carts and 25,238 electric three-wheelers in the L5 category, according to figures shared by the Ministry of Heavy Industries. «EMPS 2024 is fund limited, with restricted number of vehicles and a term-limited Scheme, i.e., the subsidies for demand incentive are eligible for e-2w and e-3w sold and registered until the funds are available or the number of vehicles supported reaches the maximum number defined category-wise (shown in para above) or until July 31, 2024, whichever comes first,» the ministry stated.

eCourts project's third phase, which seeks to upgrade the digital infrastructure of the lower judiciary, has been allocated Rs 1,500 crore in the Union Budget 2024-25. In September last year, the Union Cabinet had approved the third phase of the eCourts project as a central sector scheme with a financial outlay of Rs 7,210 crore.

Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.

Budget 2024 presented today by the finance minister Nirmala Sitharaman, will impact the personal finance of individuals in multiple ways. Here's a round-up.

As the crypto market heats up and meme coins start soaring, here’s a new project that offers a golden opportunity to get in on a promising token before everyone else does.

$7 trillion economy by 2030. Will this year’s budget emphasize social spending while reviving the rural economy and facilitating job creation?As we approach Budget 2024, anticipation is high regarding what will be the government's focus and what could be potential beneficiary sectors.

₹500, making it a great deal. The foot-operated power on-off and auto cord winder switch make it easy to use, while the dust bag full indicator ensures timely maintenance. With five versatile accessories, this vacuum cleaner is designed to meet all your cleaning needs.

₹15,000—from the government, which will also give a cash incentive to employers and employees for their contributions to India’s state-run provident fund (PF) scheme. Further, the PF contribution of employers will be reimbursed up to ₹3,000 per month over two years for each additional employee hired. Broadly speaking, this proposal seems modelled on the production-linked incentive (PLI) scheme run by the Centre for manufacturers.

1. Amazon Brand - Solimo Neptune Queen Engineered Wood Regular Bed with Storage The Solimo Neptune Queen Bed combines style and functionality with its engineered wood construction and ample storage space. Its humidity-resistant design ensures durability, while the sturdy frame can support up to 360 kg.

Shauna Sharpes doesn’t travel and grows much of her own food at her home in western Washington state. The payroll manager for a local Native American tribal authority has meager savings and expects she will have to keep working for at least the next decade. Part of her challenge: She turned 60 in January, putting her at the tail end of a baby boom generation that is hurtling toward retirement age in uncertainty.