Provident Financial News

Retiring early, at an age before 60 or even 50, is becoming more and more appealing to many individuals, thanks to the increasing awareness of financial planning and the availability of various investment options. Attaining this objective necessitates a disciplined approach to saving and investing. However, the decision to retire early should not be made hastily. It is essential to evaluate your current financial situation and make adjustments to your investment and savings in line with your retirement objectives.

Under the Income Tax Act, certain groups living in specific areas of select states in India are exempted from paying income tax. These exemptions are granted based on specific criteria, such as income levels, socio-economic status and occupation of the people forming these groups. This unique approach to taxation helps in lessening the financial burden on disadvantaged people living in these areas, providing them with a level-playing field.

Singapore has raised the risk level for digital payment token (DPT) service providers potentially facilitating terrorism financing (TF) from “medium-low” to “medium-high” in its latest update to the terrorism financing national risk assessment.

Also Read: Sebi tweaks stocks’ F&O norms, curbs use of finfluencers Any losses from these instruments can be used to set off against other business income of the assessment year or carried forward and set off against business income for the subsequent eight years. This provision has provided a cushion for traders against the volatile nature of the F&O market. F&O traders rely on trend analysis and probability computations that require years of experience and knowledge about markets and trends.

Earlier this month, the Securities and Exchange Board of India (Sebi) launched a certification exam for retail investors. This free online exam tests the knowledge of individuals new to the securities market. 

The $10.5tn asset manager will combine Preqin with its existing private markets solution, eFront, which is part of BlackRock's Aladdin platform. Morningstar downgrades six BlackRock funds over triple manager departure Preqin has provided data about private markets for over twenty years and has a global coverage of 190,000 funds, 60,000 fund managers and 30,000 private markets investors. In 2024, Preqin is expected to generate around $240m in revenue, representing a 20% growth each year over the past three years. The move forms part of BlackRock and the wider asset management's p...

Niva Bupa has filed for an initial public offering (IPO) to raise up to Rs 3,000 crore (nearly $360 million), draft papers showed on Monday. The company, majority-owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to eight billion rupees as part of the offering.

BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in an expansion by the world's biggest asset management company into the private markets data segment. BlackRock said in a statement that the acquisition would complement its Aladdin tech business by bringing together data, research, and investment process for fund managers.

BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in an expansion by the world's biggest asset management company into the private markets data segment.

financial planning that helps in achieving goals through active management and informed decision-making.

grievance redressal of insurance policyholders. Here’s a step-by-step process to register an insurance-related grievance on the portal.

venture capital funds, given the boom in the market.

Flexible workspace provider Awfis Space Solutions is targeting a 50% expansion of its portfolio to reach 135,000 seats by the end of the current fiscal year, with managed office space accounting for the bulk of it.

compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process, the IBBI has launched a set of electronic forms under the Insolvency and Bankruptcy Code. These forms are crucial for the liquidation process under the Insolvency and Bankruptcy Code (IBC), as they facilitate systematic and transparent record-keeping and seamless reporting, the insolvency regulator said. The new circular, issued by the Insolvency and Bankruptcy Board of India (IBBI) on June 28, introduces forms LIQ 1 to LIQ 4, covering different stages of the liquidation process. Presently, the IPs submit the details regarding the liquidation process, to the board through emails, which is time-consuming and inefficient, the IBBI said in the circular. LIQ 1 includes details from the commencement of liquidation to the public announcement. Further, LIQ 2 captures information from the public announcement to the progress report, including valuation, sale, and receipts. LIQ 3 focuses on the period from the last progress report to the application for dissolution, while LIQ 4 deals with the distribution of proceeds and other final details post-dissolution order.

landslide blocked Kishtwar-Paddar road Sunday as light to moderate rains lashed isolated places in Jammu division, providing some relief to people from the scorching heat. Officials said the landslide, triggered by rains, hit Kishtwar-Paddar road near Patharnaki in Kishtwar district this afternoon, forcing suspension of vehicular movement.

criminal laws are to be implemented across the country from July 1, Union Minister Arjun Ram Meghwal said on Sunday that the three laws were necessary given the developments in technology and forensic science.

Congress leader Adhir Ranjan Chowdhury said that the decision to implement the new criminal laws from July 1 has been taken in haste and more consultation is required before enforcing them.

In FY14, the headline inflation in the country stood at 9.4%. In a matter of 10 years, the headline inflation has dropped to 5.5% in FY24, according to data provided by the Ministry of Finance.

The comprehensive technical study of Delhi Airport’s currently closed Terminal 1 (T1) is expected to be completed within a month. Based on the findings, a decision will be made regarding the resumption of operations at the terminal, PTI cited a senior government official stated on Sunday. 

29-year-old Rishika* is feeling better now. However, she believes there is always a scope of improvement. “…periodic fine-tuning is always needed,” she told Financial Express.com.