Provident Financial News

Dubai floods caused by heavy rainfall in the e United Arab Emirates. Dubai's flagship Emirates Airline has stopped all check-ins for the day. Emirates, in an official statement, stated that the airline is trying to restore the scheduled flight operations and the teams will provide all possible assistance to affected customers.

The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications.

Irfan Pathan took an indirect dig at the most expensive player in Indian Premier League (IPL) history, Mitchell Starc, as his lean form continued against the Rajasthan Royals in the ongoing season. The experienced Australian pacer, who is renowned for his searing yorker, was acquired by KKR for a record-breaking price tag of Rs 24.75 crore. During KKR's narrow defeat, Starc gave away 50 runs at an economy of 12.50 in his four-over spell.

Enforcement Directorate (ED) has made four fresh arrests in connection with the alleged illegal land grab-linked money laundering case against former Jharkhand chief minister Hemant Soren and others, official sources said on Wednesday. Those taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) have been identified as Antu Tirkey, Priya Ranjan Sahay, Bipin Singh and Irshad, they said. The ED had on Tuesday conducted searches at the premises of Tirkey and some others here and the four were arrested following their questioning. Tirkey is allegedly linked to Soren while Singh is a real estate businessman. Sahay «forged» some land-related documents along with others, according to the charge sheet filed in the case.

Employees' Provident Funds Organisation (EPFO) has increased the qualifying limit of Paragraph 68J claims for auto claims processing. The limit has been inreased from Rs 50,000 to Rs 1 lakh, which was also implemented in the application software on April 10, 2024, EPFO said in a circular issued on April 16, 2024.

Turkiye announced on Tuesday that Turkish authorities have initiated a requirement for Indian and Nepalese passport holders traveling to Mexico, Panama, Colombia, and Venezuela, transiting via Istanbul Airport, to obtain an 'Electronic Airport Transit Visa' (e-ATV). As per the embassy's statement shared on X by the Turkish Embassy in India, Indian and Nepalese passport holders subject to this requirement can obtain the e-ATV through the website «evisa.gov.tr» starting from April 15. Importantly, this service is provided free of charge, adhering to the current practice.

Bangalore, Ajit Isaac — the Managing Director of Quess Corp — has purchased a 10,000 square feet plot in Koramangala 3rd block, also referred to as billionaire street, for Rs 67.5 Crore. This amounts to a per square feet price of Rs 70,300, setting a new benchmark for the Bangalore property market. “The deal was closed last week and the property belonged to Arvind Reddy and Geeta Reddy. The last deal closed in this locality was clinched at around Rs 68,000 per sqft by TVS motor,” said people aware of the development.

MUMBAI : The Reserve Bank of India (RBI) has proposed that non-banks offering physical point of sale services (PoS) must notify the regulator of their intent to seek authorization within 60 days, and then submit their application by 31 May 2025, for approval to continue operations. “…they shall be allowed to continue their operations till they receive communication from the RBI regarding (the) fate of their application," the regulator said in a draft circular late on Tuesday.

KPI Green Energy, one of the leading players in the renewable energy sector, have been on an upward roll over the last six months, producing a stellar performance and significantly enhancing shareholder wealth in a relatively brief timeframe. The company, operating in the solar power generation sector, functions as both an independent power producer (IPP) under the 'Solarism' brand and a service provider to captive power producer (CPP) clients. Since November, its shares have witnessed a consistent upward trajectory, delivering an impressive return of 209% to date.

UN's Office of the High Commissioner for Human Rights (OHCHR) has submitted evidence alleging that China is attempting to reshape the international order by influencing multilateral institutions like the UN. The evidence suggests that Beijing is using its influence to silence discussions on sensitive topics and manipulate reports to align with its priorities, including downplaying issues related to human rights and democracy. The UK Parliament's Foreign Affairs Committee is investigating these allegations as part of its inquiry into international relations in the multilateral system. China is aiming to reshape the rules-based international order to reflect its own priorities by taking over multilateral institutions such as the UN, evidence submitted by a UN whistleblower claims. The evidence presented claims Beijing was influencing votes at the UN to squelch discussions on topics sensitive to it and that it even bribed two General Assembly presidents.

Gold prices held steady on Wednesday as safe-haven demand for bullion amid the Middle East conflict partially offset pressure from higher U.S. Treasury yields. FUNDAMENTALS

Ram Navami celebrations on Wednesday after the 'Pran Pratistha' ceremony at the Ram temple, Prime Minister Narendra Modi said that after waiting for five centuries, the people have gotten the privilege of celebrating the festival in this manner. «This is the first Ram Navami when our Ram Lalla has been enthroned in the grand Ram temple of Ayodhya. Today, Ayodhya is in unparalleled joy in this celebration of Rama Navami. After waiting for 5 centuries, today we have the privilege of celebrating this Rama Navami in Ayodhya in this manner. This is the reward of so many years of hard penance and sacrifice by the countrymen,» PM Modi posted on X. Extending his wishes to the countrymen on the occasion of Ram Navami, the Prime Minister said that the memories of the Pran Pratistha ceremony in Ayodhya still pulsate in his mind with the same energy.

₹64.3 crore while in 2021 it was over ₹1,000 crore. Recovery of such fines has only been 0.4% over the past five years. The current framework for fine imposition and recovery must be made more enforcement-oriented.

The world is facing its worst five-year span in three decades. Higher interest rates have left developing countries crushed by debt, and half of the poorest economies haven’t recovered to where they were before the pandemic. Growth is weak across large swathes of the world, and inflation remains persistently high.

credit score by lowering your credit utilisation ratio (CUR). This ratio refers to the percentage of credit you are using out of the total amount available to you. Let us suppose, one Prashant Gupta, 28-year-old salaried employee, has a credit limit of ₹5 lakh and has already exhausted the limit of ₹4 lakh, the CUR stands at 80 percent.

₹3,773 and ₹6,459 in rural and urban areas respectively, as per the government’s recently released data on household consumption expenditure. Let us delve deeper into all the categories that lead to this gap in rural-urban consumption. First, consider ‘rent.’ Given that most families live in their own homes in rural areas, the average monthly rent spending is only ₹30.

India may strike a deal with Nvidia to source graphics processing units (GPUs) from the US manufacturer, and offer them to local startups, researchers, academic institutions and other users at a subsidised rate under its ₹10,000 crore Artificial Intelligence Mission, people in the know of the matter said. The plan is at a «very early stage» and a decision is likely to be made after the elections, an official said.

UBS Group faces an increase in regulatory capital requirements that could reach around $20 billion under reforms proposed in the wake of the collapse of Credit Suisse.

New Delhi: India has begun work on a home-built bullet train that will exceed 250 kilometres per hour (kmph), a top government official told ET. The official said it will be faster than any of the trains now running on the Indian Railways. «It is being built on the Vande Bharat platform that can already clock a maximum speed of 220 kmph,» the official said. The designs are being prepared at the Indian Railways' Integral Coach Factory (ICF) in Chennai.

A study co-conducted by Voya with Easterseals, a disability and community service provider, shines a sobering spotlight on a critical support gap that disabled veterans experience in the workplace.