Provident Financial News
13.07 / 09:53
13.07 / 09:48
markets
Provident
Manufacturing
Assurant
Mobile
country
reports
EV makers seek stability in incentives, call for long-term subsidy assurance before FAME III roll out
electric vehicles, sections of EV makers said this time they wanted a subsidy policy with a definite timeline, rather than one that would be abruptly cut off like the previous one. “New changes are too sudden, especially for the automobile industry with its long lead times. We would want the new subsidy regime to last for at least two to three years to truly benefit the industry,” Amitabh Saran, chief executive of electric three-wheeler maker Altigreen, told ET. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was originally launched in 2015 to encourage the adoption of electric and hybrid vehicles. Under it, a subsidy was provided to EV makers who used it to lower the prices of their products. The second edition, FAME-II, was introduced in 2019 and went on till March 2024 when it was scrapped. There has since been a steep slowdown in EV sales, according to a report by the Federation of Automobile Dealers Associations.
13.07 / 09:38
Provident
Target
WhatsApp
wellness
country
reports
Budget: Centre may back states in north-east hydropower play
Budget 2024: Looking to fast-track hydropower capacity creation, the upcoming budget could unveil funding support to north-eastern states for purchasing equity in hydropower projects, said people familiar with the matter. The Centre could support equity participation by state governments in hydropower projects in the northeast at 24% of the total project equity, subject to a cap of Rs 750 crore per project initially, they said. “A new scheme focused on northeast is under consideration,” said one of the persons, who did not wish to be identified, adding the move was part of the government’s clean energy focus. North-eastern states that wish to have a joint venture for such projects are likely to be given financial assistance for their stake, said another person.
13.07 / 09:36
Provident
country
International
OSFI delays increase in capital rules by one year
OTTAWA — Canada’s banking regulator says it has delayed by a year a rule change established by international banking standards.
13.07 / 09:30
UPS
Provident
show
reports
Updates
Relationships
KYC Maze: Investors, distributors face updating hurdles with NDML & DotEx KRAs
Mint's queries on the subject. A validated KYC status is like a golden ticket. It signifies that the KYC documents you submitted, such as PAN and Aadhaar, have been successfully verified by the issuing authorities and you can invest in any mutual fund company hassle-free.
13.07 / 09:22
Provident
WhatsApp
Photos
Features
Videos
Updates
WhatsApp's new feature could forward video notes across chats. All about it
forwarding capability will allow users to easily share video notes across various chats, reflecting WhatsApp's commitment to user-friendly updates. This development comes as part of WhatsApp's ongoing efforts to enrich the user experience by providing more versatile ways to utilize video notes.The report highlights that beta users can now explore a revamped camera mode for sharing content. This mode streamlines the process of recording video notes by eliminating the need to press and hold the camera icon within the chat bar.
13.07 / 09:18
Provident
Waves
Waters
Extreme
Department
Schools
boating
IAF rescues 13 fishermen stranded on Brahmaputra island in Assam, 3 dead in Mizoram landslides
Mizoram, the Indian Air Force (IAF) rescued 13 fishermen, who were stranded on a small island in the flooded Brahmaputra in Assam’s Dibrugarh district since June 28. At least three people, including a four-year-old girl, were feared dead after a landslide struck and partially buried their tin-roofed concrete building on the outskirts of the state capital Aizawl. The incident was triggered by incessant rains. Another three buildings in Zuangtui area of Aizawl and one in Bawngkawn area were also swept away by massive landslides. The school education department has announced the closure of all schools on Tuesday due to inclement weather. On Sunday, the state disaster management and rehabilitation department had issued an alert in anticipation of heavy rainfall and storms. Assam’s State Disaster Management Authority (ASDMA) officials said that it had requested the IAF to help rescue the fishermen from the Hatia Ali area in the district.
13.07 / 09:15
COST
Provident
Infinity
wellness
Healthcare
Bill
Features
Health insurance plans: Worried about being underinsured? Here's how an unlimited sum-insured health plan can help you
₹5 lakh, ₹25 lakh, ₹1 crore, and more. However, there is no capping on the amount under unlimited sum insured plans.
13.07 / 09:11
Provident
Booking
Strategy
economy
Sustainability
innovations
reports
India Inc. leverages ESG push to gain a competitive edge and attract investments: Jatinder Cheema
India Inc. has responded favourably to the government's initiative, acknowledging that adopting ESG principles is beneficial for compliance but also enhances long-term business sustainability. Numerous Indian companies are now prioritising initiatives to decrease their carbon footprint, promote social equity, and strengthen governance frameworks. However, these companies must now actively develop capabilities for adjusting to new reporting norms and occasionally realigning their business strategies says advocate Jatinder (Jay) Cheema who serves on the US-India Gas Task Force constituted by the Department of Energy, United States, along with the Ministry of Petroleum and Natural Gas, Government of India. How do you see the Indian government’s push for the ESG and India Inc.’s response to the same?
13.07 / 09:10
Provident
FIVE
WhatsApp
wellness
testing
Courts
BJP, its govt at Centre playing Kejriwal's life: AAP MP Sanjay Singh
BJP and its government at the Centre are playing with the life of Delhi Chief Minister Arvind Kejriwal who has lost 8.5 kg and whose blood sugar level dropped below 50 mg/dL five times while in jail, AAP Rajya Sabha member Sanjay Singh claimed on Saturday. There was no immediate reaction from the BJP on his claims. «His health condition is such that if he is not brought out of jail soon and provided medical care, any serious incident may happen with him,» Singh said at a press conference. He said Kejriwal's weight was 70 kg when he was arrested by the Enforcement Directorate (ED) on March 21 in the excise policy-linked money laundering case. Now, his weight has reduced to 61.5 kg, he claimed.
13.07 / 09:07
Citi
Provident
Platform
Highways
cover
Traffic
Updates
PM Modi to visit Mumbai, lay foundation stone of projects worth more than Rs 29,400 crore
Modi is set to embark on his visit to Mumbai, Maharashtra today. This will be Narendra Modi's first visit to Mumbai since taking the oath as Prime Minister for the third consecutive term on June 9, following the National Democratic Alliance (NDA)'s victory in the Lok Sabha polls. Around 5:30 p.m., the Prime Minister will arrive at the NESCO Exhibition Centre, Goregaon, Mumbai, where he will launch, dedicate to the nation, and lay the foundation stone for multiple projects related to the road, railways, and ports sector worth more than Rs 29,400 crore.
13.07 / 09:07
UPS
Provident
Whirlpool
ventilators
Features
peace
Amazon deals on chimneys: Enjoy cooking in a smoke-free environment with these top 8 picks
Best ductless chimneys in India: Top 7 picks to upgrade your kitchen and enhance your overall cooking experienceExperience an enhanced cooking journey with the Hindware Smart Appliances Olenna 90 cm Kitchen Chimney, designed with state-of-the-art features. Its Filterless Technology ensures powerful suction, effectively removing smoke from your kitchen.
13.07 / 09:03
markets
Provident
Man
film
show
stage
stars
Longlegs: See trailer and release date of Nicolas Cage starrer horror thriller
Osgood Perkins' "Longlegs", which stars Maika Monroe and Nicolas Cage in a gripping cat-and-mouse game, will release on July 12, 2024. The final trailer has now been released, setting the stage for a terrifying hunt.
13.07 / 09:00
Provident
FCA approves Pollen Street Capital's acquisition of Mattioli Woods
In a stock exchange notice today (3 June), Tiger Bidco, a wholly-owned subsidiary of investment vehicles advised and managed by Pollen Street, said it had reached an agreement on the terms and conditions of a cash offer. On 8 March, Pollen Street made an offer of 804p per share for the wealth manager, marking a 34% premium on the AIM-listed firm's closing share price of 600p per share a day prior. Pollen Street Capital to buy Mattioli Woods in £432m take-private deal At the time, the wealth manager noted that the acquisition would provide Mattioli Woods and its management team the ...
13.07 / 08:56
markets
COST
Provident
security
Strategy
Dreams
track
Mutual fund SIP of Rs 25,000 per month can help you buy house: Here's how
Financial goals work the same way. They provide you with a clear path, ensuring that your financial journey leads to a rewarding destination. Let's dive into the story of Rajesh Kumra, a fun-loving guy from Mumbai. Rajesh loved to live in the moment, spending his hard-earned middle-class salary on the latest gadgets, fancy dinners, and spontaneous trips. But he was forced to rethink his ways one sunny afternoon over a cup of chai with his old friend, Suresh CN. Suresh, with a twinkle in his eye, casually mentioned that he was about to buy a new house. Rajesh, both surprised and curious, asked him how he could manage such a feat especially in a costly like Mumbai since their salaries were not too different. Suresh smiled and said, «It's all about setting financial goals, buddy. I've been planning and saving for years, and now I'm ready to make my biggest and most expensive dream a reality.» This little anecdote highlights the magic of financial planning. Setting goals isn't just about saving money but creating a roadmap to turn your dreams into reality. After all, 'A goal without a plan is just a wish'.
13.07 / 08:53
Provident
security
WhatsApp
Death
Justice
Courts
Accused in Tripura Club Secretary murder case sent to 8-day police custody
Agartala: Raju Barman, the primary accused in the murder of Tripura's Bharat Ratna Sangha Club Secretary Durga Prasanna Deb (also known as Vicky), was remanded to eight days of police custody on Friday. According to officials, Barman was caught from Assam's Guwahati and brought back to Tripura on Thursday. On Friday, he was produced before the Chief Judicial Magistrate in West Tripura, who ordered his police custody until July 20. Special Public Prosecutor Sankar Lodh provided details of the case, saying, «Raju Barman was arrested from Guwahati two days ago. He was produced before the local magistrate for a transit remand, which was granted with the condition that he be brought before the Tripura court by July 12. Following this, he was presented before the Chief Judicial Magistrate of West Tripura, where the court granted an eight-day police custody. The police had requested 10-day custody, while the defence sought bail.»
13.07 / 08:52
Provident
Digital
CEO
Platform
Action
Align
Experts
Budget 2024 staffing industry's wish list: Tax breaks, skill development, and PF reforms
staffing industry and human resources (HR) industry is anticipating significant tax breaks and increased investment in skill development from the upcoming budget for FY25, which union finance minister Nirmala Sitharaman is expected to present on July 22, 2024. Currently, the Goods and Services Tax (GST) on employment services in India stands at 18%, applicable to a broad range of services, including executive search and recruitment services, permanent placement services, and contract staffing services. According to Suchita Dutta, executive director at the Indian Staffing Federation (ISF), employment-related services should be considered under ‘merit services’ with a 5% GST.
13.07 / 08:44
UPS
Provident
Waters
testing
recommendations
prevention
Features
Best Moisturisers for Dry Skin in India: Your Skin’s Best Friend (2024)
If you sympathise with these feelings, then we invite you to go through this article where we have curated a list of the best moisturisers for dry skin in India. These moisturisers are used by thousands of people who have showered them with love in their review and comment section. We have picked up only the best and you can find the winner yourself.
13.07 / 08:37
Provident
Platform
Netflix
film
Courts
Updates
Interviews
Supacell season 2 release date on Netflix: Creator Rapman reveals big details
Netflix series 'Supacell' season 2 release date and third season updates have been provided by creator Rapman. First season of British thriller was released on Netflix in June. 'Supacell' has shown a group of black people in South London with a rare disease. Rapman in an interview with UNILAD revealed that there is a planning for three seasons. Rapman said it will depend on Netflix whether there will be multiple seasons for the 'Supacell' or not. Supacell cast includes Nadine Mills, Eric Kofi Abrefa, Calvin Demba, Tosin Cole, and Eddie Marsan.
13.07 / 08:36
Provident
Aviat
Action
President
Ames
Updates
WestJet mechanics ratify collective agreement following Canada Day strike
The union representing WestJet’s aircraft maintenance engineers announced Friday that members have ratified a collective bargaining agreement following strike action that disrupted travel plans over the Canada Day long weekend.
13.07 / 08:34
UPS
Provident
Aware
innovations
information
reports
Budget 2024 needs to decide if faceless assessment is revolutionising tax landscape or creating hurdles?
Budget Expectations: As India eagerly anticipates the Union Budget 2024, one area of keen interest for taxpayers, especially corporates, is the refinement of the faceless assessment scheme. Despite its noble intentions and innovative approach, the implementation of the faceless assessment scheme has encountered several significant challenges, which, if appropriately addressed, can pave the way for meeting the underlying intended objectives and play a pivotal role for ‘Ease of Doing Business’ in India. Typically, in case of large corporate taxpayers, before concluding the assessments, the Faceless Officer calls for copious amounts of data, justification etc. from the taxpayer such, as reconciliation of revenue with the GST returns, reconciliation of information reported on the Insight Portal, details of expenses in pre-defined formats etc. These information requests are often issued close to the statutory deadline for concluding such proceedings, leaving taxpayers with very limited time to provide the reconciliation and the necessary supporting documents, ultimately leading to unwarranted additions.
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