Provident Financial News

Despite growing demand for long-term care, the industry struggles with labor shortages, and experts worry about whether there will be enough workers in the future to care for America’s aging population

NBA great Dwyane Wade has launched Translatable, a nonprofit online community dedicated to supporting transgender youth

Vice President Kamala Harris is announcing the formation of a new partnership to help provide internet access to 80% of Africa by 2030, up from 40% now

Employees’ pension scheme (EPS) was introduced on Nov 16, 1995, replacing the Employees’ Family Pension Scheme, 1971. This is a social security scheme offered by the Employees' Provident Fund Organisation (EPFO).

: BLDC with ECO ACTIVE technology Power Consumption: Up to 60% energy savingRemote Control: RF type, all direction sensingSpecial Features: Timer setting, memory backup for last settingAir Delivery: High air deliveryWarranty: 2 yearsReasons to BuyReasons to AvoidHigh energy efficiencyHigher price pointStylish design with premium finishLimited warranty duration compared to some competitorsThe Orient Electric 1200 mm I Tome Remote BLDC Ceiling Fan shines with its impressive energy savings, consuming only 26W at its highest speed. This 5-star rated fan can save up to ₹7000 annually on electricity bills.

HDFC Bank customers will not be able to use most services, including net banking, mobile banking and UPI, due to scheduled maintenance activities from 3.30 A.M. on May 25, 2024, according to a notice on the bank’s website.

Lashkar-e-Taiba (LeT) terror conspiracy case."Thirty-five-year-old Shoaib Ahmed Mirza alias Chhotu, a resident of Hubbali city in Karnataka, was previously convicted in a Lashkar-e-Taiba (LeT) terror conspiracy case," the agency said in a statement as per news agency PTI.NIA investigations revealed that Mirza was allegedly involved in this fresh conspiracy after being released from jail. In 2018, he had reportedly befriended and introduced accused Abdul Matheen Taahaa to an online handler suspected to be abroad, the probe agency said.“Mirza further provided an e-mail ID for encrypted communication between the handler and Abdul Matheen Taahaa, who was arrested on April 12 from his hideout in Kolkata (West Bengal) along with co-accused Mussavir Hussain Shazib," the NIA was quoted by PTI as saying.A low-intensity blast had rocked the famous Rameshwaram Cafe in Bengaluru on March 1, injuring at least 10 people.

fixed deposit (FD) is a logical thing to do for gradual wealth creation. You invest a small or large sum in a term deposit and then stay stress-free until the date of maturity.

The decision to invest in bonds or fixed deposits or post office schemes should be made after analysing several factors like one’s risk appetite, investment goals, liquidity situation and investment horizon. A bondholder earns money in two ways – through coupon payments and appreciation or depreciation of the instrument in the secondary market.

Salaried individuals receiving a house rent allowance as part of their salary can claim HRA exemption if they pay rent for their accommodation. This exemption lowers their taxable salary, either wholly or partially. But one question that usually arises is how one should claim full HRA exemption. Are both rent receipts and a rent agreement required as proof to make the claim?

As April approaches, the importance of tax plans becomes increasingly critical. While salaried employee dutifully plan their investment declaration, the importance of tax planning extends far beyond that initial declaration. After April, various opportunities and concerns could drastically affect the tax situation. From maximizing deductions to investment strategy, understanding why tax plans matter after April is key for people looking to optimize their financial results and reduce their tax liabilities.

Post office savings schemes: The government revises rates of small savings schemes, including post office plans, every three months. Interest rates were left unchanged for the April-June 2024 quarter for these small savings schemes. Despite no increase in rates of these savings instruments, these post office schemes are still giving better returns than most bank fixed deposits (FDs), especially those by public sector banks.  

Mumbai-In the bustling city of Mumbai, amidst the vibrant streets and dynamic lifestyle, Origin Corp introduces a new concept of luxurious living with Claremont. Nestled in the heart of Goregaon, Claremont is not just another residential tower; it's a testament to sophistication and unique style, offering residents a lifestyle of unparalleled palatialliving. This 46-storey residential tower provides residents with large, luxurious living spaces and stunning views.

In an exclusive interview, Gaurav Kansal, Director, KBP Group, shares his views on the key factors driving the demand for affordable housing projects in the current market scenario, and talks about the concept of Tricity Homes, Smart Homes, and Willow Homes. Excerpts:

Question: When will ITR e-filing start this year? When can salaried taxpayers start filing their tax returns for AY 2024-25? Also, kindly enlighten us on the new AIS functionality.

The Public Provident Fund (PPF), a government-backed investment-cum-tax-saving instrument, was launched in 1968. The scheme was started with a motive of mobilizing small-time savings and providing reasonable returns to investors along with tax benefits. Investing in PPF helps individuals build a good retirement corpus thanks to compounded returns on their deposits.

STRESA, Italy—The U.S. and its allies are moving toward an agreement on a novel financing plan that would provide Ukraine with up to $50 billion, though Western officials are still working through important details on the use and structure of the funds. The idea relies on the investment returns—mainly interest payments—generated by the roughly $300 billion in Russian sovereign assets that the U.S.

smart TV runs on Google TV. Additional features include Watchlist, Voice Search, Apple Airplay, Apple Homekit, and Alexa compatibility.

India, May 24, 2024: SkullSaints, a pioneering Indian brand known for its innovative Mini PCs, announces the launch of its latest product, the SkullSaints Shadow Mini PC. This new addition to the SkullSaints lineup is set to redefine the standards for compact computing with its advanced features, high performance, and exceptional versatility.The SkullSaints Shadow Mini PC is designed to cater to a wide range of computing needs, offering powerful performance in a sleek and compact form factor.

Financial products are usually meant for young generations as they understand the technology well and can use them more appropriately. That is, however, fast becoming a thing of the past. These days even seniors have started using financial products more frequently. For instance, the adoption of credit cards by all age groups has become a new trend now. Many senior citizens like to have credit cards and keep spending based on their requirements.

Ludo King, developed by Gametion Technologies, brings the board game of Ludo to the digital world, capturing the nostalgia of traditional gameplay while incorporating features. Available on both Android and iOS platforms, Ludo King tops the charts in Google’s Play Store as well as Apple’s App Store.