Provident Financial News

The April 1st implementation of another hike in the federal government’s carbon tax and the growing prospect that a Poilievre government will abolish the tax, have prompted its advocates to mount a last-gasp defence. Three hundred supporters (not all of them economists) have signed a petition in favour of it. Its backers also fanned out to argue for it in op-eds and numerous appearances on CBC, which willingly provided a soap box for one side of this partisan issue. But, far from being persuasive, advocates mostly demonstrated how little they have learned from their long-standing failure to sell the tax to many politicians and most Canadians.

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. Large deposit-taking non-banking finance companies such as Bajaj Finance and Shriram Finance Ltd, for instance, hiked their fixed deposit rates sharply this month, hoping to shore up funds that can make up for lower bank borrowings. Non-bank lenders that depend on banks for a significant portion of their borrowings are now turning to other more expensive options for funds, including deposits and bonds.

The AmeriFlex Group has hailed its innovative programs for attracting advisors and achieving strong growth for its hybrid RIA business.

The move would make Hong Kong the first domicile in the Asia-Pacific region to approve a crypto-backed, exchange-based investment fund. It would also put the island in prime position in the race to become the digital assets hib for the region.

Andhra Pradesh Chief Electoral Officer Mukesh Kumar Meena on Thursday ordered end-to-end surveillance of liquor movement, aimed at curtailing influence of liquor in the run-up to Assembly and Lok Sabha elections in the state. As part of state-wide monitoring, the CEO ordered the managing director of the Andhra Pradesh State Beverages Corporation Ltd (APSBCL) to track the movement of liquor by deploying Global Positioning System (GPS). Similar directives were also issued to the commissioners of Prohibition and Excise Department and Special Enforcement Bureau (SEB). «The movement of liquor from the distillery/ brewery to the godown of APSBCL should be GPS tracked (and the) feed of which also to be provided to the District Election Office control room and the CEO control room,» said Meena in an order.

Multibagger stock: Cellecor Gadgets share price listed on the NSE SME Emerge platform at the end of September 2023. The SME stock had a flat listing as it listed on NSE at ₹92 apiece, against the NSE SME IPO's price band of ₹87 to ₹92 per equity share. Cellecor Gadgets IPO was launched in mid-September 2023 to generate ₹50.77 crore from this book build issue.

NDTV. Earlier, Dhoni had complained to Diwakar – director of Aarka Sports Management Pvt Ltd, alongside his wife Soumya Das. Diwakar's arrest came in response to alleged reports of unauthorized use of Dhoni's name to establish cricket academies.

Mint reported on 28 January that the CCPA, which was formed in July 2020, was preparing to roll out e-court services in all 35 state consumer dispute redressal commissions (SCDRCs) and 10 benches of the National Consumer Disputes Redressal Commission (NCDRC). NCDRC deals with cases exceeding ₹2 crore (in compensation), while SCDRCs handles cases between ₹50 lakh and ₹2 crore. District consumer dispute redressal commissions (DCDRC) have jurisdiction over cases that entail up to ₹50 lakh in compensation.

Lifestyle and mobile accessories maker Damson Technologies plans to move half of its manufacturing operations from China to India, with an initial investment of Rs 150 crore in the current fiscal year, a top official of the company said. Electronics manufacturing service provider Damson Technologies, managing director, Ritesh Goenka told PTI that the company has been manufacturing devices in Beijing and now moving half of its production to India due to sanctions imposed by several countries on China coupled with benefits under government schemes in India. «At present, we generate revenue of over Rs 1,000 crore. We plan to bring around Rs 500 crore worth of business to India in the upcoming year. Our long-term vision is to gradually move entire factory operations to India. We need some time to build the entire infrastructure in India,» he said. Damson also makes and sells mobile accessories and lifestyle gadgets under its own brand name «Just Corseca».

State Bank of India (SBI) has refused to disclose under the RTI Act the details of the electoral bonds furnished to the Election Commission (EC), claiming that it is personal information held in a fiduciary capacity, even though the records are in the public domain on the poll panel's website. Holding that the electoral bonds scheme was «unconstitutional and manifestly arbitrary», the Supreme Court directed the SBI on February 15 to furnish the complete details of the bonds purchased since April 12, 2019 to the EC, which would publish the information on its website by March 13. On March 11, the court dismissed the SBI's petition seeking an extension of the deadline and ordered it to disclose the details of the electoral bonds to the EC by the close of business hours on March 12. RTI activist Commodore (retired) Lokesh Batra approached the SBI on March 13 seeking the complete data of the electoral bonds in the digital form, as provided to the EC after the Supreme Court's order.

‘India's map will change': Sitharaman's husband warns against Modi's re-election "All that a political party needs to do to remain out of the tax net is to file an assessment...You have not followed the rule of law or the law of the land, and you expect to be treated differently," she said. Sitharaman also responded to questions about AAP supremo Arvind Kejriwal's arrest. "Didn’t the Prime Minister, then the Chief Minister, appear before the CBI just before the Gujarat elections? He went and answered all the questions.

₹95 lakh. Can I claim a long-term capital gains exemption for all three properties by investing the capital gains in a single residential house property? Section 54 provides for exemption from long-term capital gains from the sale of a residential house if you invest the indexed long-term capital gains in one residential house within the prescribed period.

F.L.Putnam is expanding its reach in New Hampshire as it scoops up a practice specializing in trust services for the high-net-worth.

Fidelity Investments is continuing its push to support teenagers’ financial and investing journeys with a new thematic lineup.

EPF (employee provident fund) transferred from the previous employer. This is supposedly the standard procedure across organisations but not anymore. Thanks to the new employee-friendly policy rolled by the PFRDA (Pension Fund Regulatory and Development Authority), employees can expect an automatic transfer of their EPF account balance when they change their employer i.e., at the time of changing the job.

SIPs offer a pathway to long-term wealth accumulation and the attainment of financial goals. Kartik Jhaveri, Director of Wealth at Transcend Capital, emphasises the potential for long-term wealth accumulation through mutual fund Systematic Investment Plans (SIP). “SIPs provide investors with the opportunity to tap into the average returns offered by the equity market.

PTI via phone that the bus driver had been arrested. Asked about reports suggesting that the driver was drunk, he said, "We have apprehended him and his medical examination is being conducted after which we will be able to properly establish whether he was actually drunk or not". Dr Ravi Kaushik of Nihal hospital, Mahendragarh, Haryana, said, ""Twenty children were brought here, out of which four were brought dead.

Cocoa gained in New York, with prices heading back toward a record high amid lingering fears about global shortages. Futures climbed as much as 4% to head for a fourth straight increase. Prices have surged this year — recently exceeding $10,000 a ton — as poor West African harvests put the world on course for another annual deficit, threatening to further raise chocolate prices. “West African near-term supply remains very tight at the start of the mid-crop harvest, and that has provided underlying support to the cocoa market,” the Hightower Report said.

If you’re in the market for a used car and want to score a nice discount, consider getting a plug-in hybrid vehicle that qualifies for the federal tax credit

Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain

Federal Reserve is preparing in short order to slow the rate at which it sheds Treasury securities from its balance sheet, with policymakers generally favoring cutting the recent pace by roughly half in an effort to extend the process of shrinking holdings and reducing the risk of market trouble. According to minutes released on Wednesday of the Fed's latest policy meeting, held on March 19-20, officials are thinking about the future of their balance sheet winddown, known as quantitative tightening, or QT, with an eye toward the 2017 to 2019 period, when they last engaged in a similar process that ended up with significant market tumult.