Provident Financial News

Fazilka district administration in Punjab has launched a 'bag-free day' initiative in government primary schools to foster creativity and provide stress-free learning experience for students, officials said on Sunday. Under this initiative, students need not bring school bags on the last Saturday of every month, they said. Fazilka District Education Officer Shiv Pal said there will be no regular classes on 'bag-free' days and co-curricular activities such as rafting, storytelling, class discussions and yoga, will be conducted instead of traditional classes, the officials said. The initiative is aimed at providing a stress-free learning experience, enhance creativity and skills and for holistic development of children, they added.

Budget 2024, to be presented by Finance Minister Nirmala Sitharaman. Industry players are hopeful for tax reductions on exports to bolster demand for Indian-made gold and diamond jewellery.

tigers were on the prowl in the farmlands of Lakhimpur Kheri district who had killed several people. The then chief wildlife warden Chandra Bhan Singh constituted four teams to rein in the tigers and Dr Rahul Shukla joined this expedition as an expert on farmland wildlife. The team reached my place in Gola, famous for its Shiva temple named Gokaran Nath. Here I was first introduced to Shukla by Late Shiv Chandra Dixit, my neighbour and a member of legislative council. I was 25 then.

Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said. The move will enable the entry of differentiated insurance companies like in the banking sector. The banking sector is currently categorised as universal bank, small finance bank, and payments bank. The provision of composite licenses would allow life insurers to underwrite health insurance or general insurance policies.

BCCI on Sunday decided to release funds of Rs 1 crore for the treatment of former India player and coach Anshuman Gaekwad. The 1983 World Cup winning player is suffering from blood cancer and is currently undergoing treatment at King’s Hospital London. «Mr. Jay Shah has instructed the Board of Control for Cricket in India (BCCI) to release Rs 1 crore with immediate effect to provide financial assistance to India's veteran cricketer Mr Anshuman Gaekwad, who is battling cancer,» BCCI apex council said in a statement. The move comes after former captain Kapil Dev appealed for help from the BCCI after the board announced Rs 125 crore in prize money for the T20 World Cup winning team.

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Aatmanirbhar Bharat initiative, aimed at boosting domestic manufacturing and reducing dependence on imports. Launched in 2020, the PLI scheme seeks to incentivize companies to set up and expand their manufacturing capabilities within India, thereby fostering self-reliance and bolstering the country’s economic resilience. At its core, the PLI scheme provides financial incentives to manufacturers based on their incremental sales from products manufactured in domestic units. These incentives are designed to make Indian products more competitive on a global scale, encourage large-scale manufacturing, and attract investments in critical sectors. The scheme is targeted at sectors where India has the potential to emerge as a global leader, thereby creating significant employment opportunities and boosting exports. To date, the government has rolled out PLI schemes across 14 key sectors, including electronics, pharmaceuticals, textiles, and white goods. The success of these initial schemes has prompted the government to consider expanding the program to other strategic sectors.

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Quant Mutual Fund (MF), which was under Sebi’s investigation for a front-running case, has informed its unitholders that the assets under management (AUM) and net asset values (NAV) for most schemes have reached a record high level as of July 12, 2024. The fund's AUM now exceeds Rs 94,000 crore as of July 12. The fund house conveyed this information to investors via mail on Saturday, providing clarification regarding Sebi's investigations into front-running allegations. Despite experiencing net outflows of Rs 696 crore and net equity outflows of Rs 877 crore over the last three weeks, the fund's AUM remains at an all-time high. The rise in AUM to over Rs 94,000 crore marks a significant milestone for the mutual fund house. However, investors were also informed about the ongoing investigation initiated by the market regulator into front-running allegations against the company.

Reasons to buyReasons to avoidThe LG GL-S312SPZX refrigerator features a convertible design, allowing you to adjust the freezer space as per your requirements. With a 308-liter capacity, it provides ample storage for all your food items.

The company that owns the salvage rights to the Titanic is undertaking its first expedition to the ship's wreckage in 14 years

lieutenant governor (LG) after amending the transaction of business rules under the Jammu and Kashmir Reorganisation Act, 2019. In a late evening clarifications, officials said that the notification regarding transaction of business rules was not an amendment to the Jammu and Kashmir Reorganisation Act, 2019, as some media reports suggested, but a simple amendment to the transaction rules issued to avoid any ambiguity. The notification did not in any sense alter the balance of powers as enshrined in the law, which has been passed by Parliament and upheld by the Supreme Court, they said. The amendments came into force on July 12, the date of the publication in the Official Gazette — a move in anticipation of the speculated assembly election in J&K, Officials said the decision is in line with the other union territories. As per section 32 of the Act, the legislative assembly may make laws with respect to any of the matters enumerated in the state list, except the «police» and «public order», or the concurrent list in the Seventh Schedule to the Constitution of India.

Trying to turn the tables: The Mahayuti (grand alliance) was in disarray after the Lok Sabha fiasco, but the state government, eyeing the assembly polls, has rolled out various initiatives, including free power to farmers and Rs 1500 to women each month. In the assembly, Chief Minister Eknath Shinde mocked the opposition by saying they would be constructing additional hospitals in the state to treat all the opposition leaders for their «stomach ache» caused by all the new programmes they had implemented. Headlines to get attention Sanjay Raut, a Shiv Sena (UBT) Rajya Sabha MP, is always surrounded by reporters because he frequently provides bytes and statements that create headlines. Raut is aware of this, which is why, on Friday, when he saw the BJP's Chandrakant Patil at the assembly premises, he drew Patil towards him and suggested that the two come together again. Raut's statements were a brilliant word play for the media, which tried to figure out whether Raut was advocating that the BJP and UBT reunite again. Raut later stated, while speaking to the media, that nothing should be interpreted from his statements.

Delta Air Lines is changing its employee uniform policy following a passenger’s outrage over two flight attendants photographed wearing Palestinian pins

legal drama based on Scott Turow's novel. The new season will focus on a new case, with uncertainty about the return of key actors.

Reasons to buyReasons to avoidThe AAROORA TV cabinet offers a versatile solution for displaying your TV and storing media essentials. With a contemporary finish and ample shelving, this unit adds both style and practicality to your living space. The open back design allows for easy cable management.Reasons to buyReasons to avoidThe Wakefit Fortt TV unit is a premium choice for those seeking a sophisticated and functional addition to their home.

Telecom Regulatory Authority of India (TRAI) is likely to relax some of the parameters in the proposed quality of service (QoS) rules that have been termed too stringent to meet by the industry. The regulator though has stressed that telecom operators must improve service quality, especially on the back of the recent tariff hikes. «The telcos have submitted their comments on the draft regulations during the consultation process. We are aware of the challenges and the final rules would likely address issues raised by the telcos,» a senior official said, asking not to be named. The regulator is likely to issue the final rules in a month or so after taking account of the industry concerns, officials added.

income tax return (ITR) to save on taxes. There are two deductions under sections 80DD and 80U, using which an individual can reduce their total taxable income. By reducing the total income, ultimately an individual is paying a lower quantum of tax.

Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the ChatGPT maker has improved its governance since being roiled by boardroom chaos last year

We Live in Time," a romantic drama with Andrew Garfield and Florence Pugh. The film, directed by John Crowley, premieres at the Toronto Film Festival and hits theaters on October 11.