Provident Financial News

Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India following a February 16 incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai. The incident happened at the airport on February 12 after the passenger landed in an Air India flight from New York. A financial penalty of Rs.30 lakh has been imposed on Air India as per Aircraft Rules, 1937 for violating the provisions of the aforementioned regulations, DGCA said in a statement Thursday.

Ajmer Thursday acquitted Abdul Karim Tunda in the 1993 serial blasts case, observing the prosecution could not provide enough evidence to prove the charges. Two other accused — Irfan and Hamiduddin — have been sentenced to life imprisonment by the Terrorist and Disruptive Activities (Prevention) Act (TADA) court. The 81-year-old Tunda, a close aide of wanted terrorist Dawood Ibrahim, was accused of carrying out blasts in five trains in different cities in December 1993 to mark the first anniversary of the Babri Masjid demolition. Two people were killed and several injured in the blasts.

attention and eye movements are linked, while unveiling how the brain coordinates the two processes. Attention is a unique phenomenon that allows us to focus on a specific object in our visual world, and ignore distractions. When we pay attention to an object, we tend to gaze towards it. Therefore, scientists have long suspected that attention is tightly coupled to rapid eye movements, called saccades. In fact, even before our eyes move towards an object, our attention focuses on it, allowing us to perceive it more clearly – a well-known phenomenon called pre-saccadic attention, IISc said in a press release. However, in a new study published in PLOS Biology, the researchers at CNS show that this perceptual advantage is lost when the object changes suddenly, a split second before our gaze falls upon it, making it harder for us to process what changed.

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One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga. In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier).

Specifications of Bajaj Frore Ceiling Fan Reasons to buyReasons to avoid 2. Bajaj Maxima Ceiling Fan The Bajaj Maxima 600 mm ceiling fan in Brown could mark a beautiful addition to your domestic space. It has a compact size and elegant design, making it perfect for smaller spaces.

Online retailers must minimize wares being returned According to Somick Goswami, Partner, and Business Transformation Leader, PwC India, the next phase of growth in e-commerce will be driven by consumers from tier 2, 3, and 4 cities because “online shopping provides a gateway for more brand choices as compared to physical stores". Flipkart to start same-day delivery in several Indian cities soon The PwC also pointed out that online shoppers largely rely on YouTube while buying a product because of the platfrom's content that comprises unboxing videos, usage experience, etc.

NHAI) has extended the ‘One Vehicle, One FASTag’ initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users. This means FASTag users will have another month to comply with know-your-customer (KYC) norms. NHAI had earlier proposed to implement the ‘One Vehicle, One FASTag’ initiative from March 1 and had urged the FASTag users to complete the KYCs by February 29. This is the second extension by NHAI to ensure no inconvenience is caused to Paytm FASTag users as they are already struggling to get new FASTags after the Reserve Bank of India said these will become non-functional after March 15.

cabinet on Thursday approved PM-Surya Ghar Muft Bijli Yojana for installing rooftop solar in one crore households with a total outlay of Rs.75,021 crore. Prime Minister had launched the scheme on February 13, 2024. Scheme provides a central financial assistance of 30,000 subsidy for 1 kW system, 60,000 for 2 kW systems and 78,000 for 3 kW systems or higher.

DGCA has mandated that at least 25 per cent of the air traffic controllers, aircraft maintenance engineers, and personnel carrying out safety-sensitive work at an airport will have to undergo a breath analyser test daily. The revised Civil Aviation Requirements (CAR) in this regard will come into force after three months, the Directorate General of Civil Aviation (DGCA) said in a release on Thursday. Currently, the breath analyser test percentage required is 10 per cent and that has been increased to 25 per cent. It will be applicable for air traffic controllers, ground staff, aircraft maintenance engineers, and ground handling services personnel right.

opposition parties of Assam threatened a state-wide bandh if the Citizenship (Amendment) Act is implemented, DGP Gyanendra Pratap Singh on Thursday warned that financial losses, estimated to be Rs 1,643 crore a day due to the agitation, can be recovered from the organisers. The United Opposition Forum Assam (UOFA), formed in the state in line with Indian National Developmental Inclusive Alliance (INDIA), on Wednesday announced that a state-wide bandh will be called the very next day of the contentious Act coming into force, followed by 'gherao' of the Janata Bhawan (the secretariat) on next day. In a post on X, Singh shared two pages of a Gauhati High Court order on bandhs, pronounced in 2019, and re-posted his own statement on the issue from June 2022. «Needless to say that with the GSDP of Assam pegged at Rs 5,65,401 crore, loss from a day's bandh would be approximately Rs 1,643 crore recoverable from those who call for such a bandh in accordance with para 35(9) of the aforementioned order of the Hon'ble Gauhati High Court order,» he added.

Nothing Phone (2a) has been building up as the company has been teasing the smartphone ahead of the official launch. Surprising attendees at the Mobile World Congress (MWC) 2024, Nothing showcased the Phone (2a) without allowing hands-on experiences. Nevertheless, the exhibition provided an extensive look at the smartphone's complete design details.

NPS is a long-term retirement-focused investment vehicle designed to provide a regular income stream after retirement. Mutual funds serve various financial goals, including wealth creation, retirement, and tax planning depending on the objective of the scheme selected. Options are available for short to long-term investment horizons.

Rajeev Gautam, a former senior executive at US conglomerate Honeywell, has contributed $250,000, or about Rs 2 crore, to his alma mater Indian Institute of Technology Kanpur (IITK) to establish three endowed programmes in the department of chemical engineering. The contribution is part of a tripartite memorandum of understanding (MoU) signed between IITK, IIT Kanpur Foundation, and Gautam. The sum would be utilised towards the institution of an endowed faculty chair, a faculty fellowship and a travel grant programme for students, the institute said.

DDA) offered temporary accommodation to Wakeel Hassan, a rat-hole miner celebrated for his role in the Silkyara tunnel rescue operation. This offer came shortly after his house was demolished in a DDA-led drive. However, Hassan declined the offer, stating that the assurance was only verbal. Despite the demolition, Hassan and his family refused to move into temporary accommodation and spent the night on a footpath, supported by their neighbors' generosity. DDA Offers Temporary Accommodation Following the demolition of his house in a DDA-led drive, Wakeel Hassan was offered temporary accommodation by the Delhi Development Authority (DDA). This offer was extended to him and his family after their house was razed during a demolition drive in northeast Delhi's Khajoori Khas area. Despite the offer, Hassan declined, citing the verbal nature of the assurance.

UK Visas and Immigration information on gov.uk, the UK sponsor licence was a must for people who want to employ someone from outside the UK, including citizens of EU member countries, Iceland, Liechtenstein, Norway and Switzerland who arrived in the UK after December 31, 2020. Education providers, too, needed a sponsor licence to get overseas students and faculty into the UK.

Financial Literacy Week (FLW) to improve the public's understanding of financial concepts and products, enabling them to make well-informed decisions for their financial well-being. The chosen theme for the ‘Financial Literacy Week’, scheduled from February 26 to March 01, 2024, is “Initiate Wisely: Cultivate Financial Intelligence". The annual ‘Financial Literacy Week’ aims to promote the utilization of formal banking and financial services, discouraging reliance on informal or unreliable sources.

A salary increase serves as a clear indication from your employer that they acknowledge your efforts and are committed to retaining you as part of their workforce. Recognizing the appreciation for your diligent efforts can fuel your motivation, resulting in increased productivity and commitment. When exploring potential roles, salary increments provide a solid foundation for negotiating a more favourable compensation package.

Best fixed deposit rate: Bank fixed deposits (FDs) are popular among investors seeking stable returns and capital preservation. These are considered low-risk investments because they offer guaranteed returns. There is insurance of up to ₹5 lakh of deposit with a particular bank in case the bank defaults in payment of the deposit. The deposits are insured by the Deposit Insurance and Credit Guarantee Corporation Limited (DICGC). 

By Gloria Dickie and Lisi Niesner

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