Provident Financial News

04.03 / 17:44
Provident CEO economy Trade President War country Trump's tariffs impede America's 'secret sauce,' RBC CEO says
United States President Donald Trump’s tariffs will “disproportionally affect the less fortunate” economically, says the head of Canada’s largest bank.
04.03 / 13:51
markets COST Provident economy Trade country Non-tariff measures limit market access for Indian exports, says DGFT
Non-tariff measures being announced by developed economies such as European Union's carbon tax and deforestation regulation limit market access for Indian goods in those markets, a senior government official said on Tuesday. Addressing a post-Budget webinar, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the other challenges before Indian exports include insufficient integration with global value chains, high import duties, technology disadvantage, and high cost of logistics (about 8-9 per cent of GDP against 5-6 per cent in developed nations). He added that the export window is also narrowing because of aggressive industrial policies of advanced nations like USA's Inflation Reduction Act and Chips Act, and UK's advanced manufacturing plan. Most non-tariff measures (NTMs) are domestic rules created by countries with an aim to protect human, animal or plant health and the environment. NTM may be technical measures like regulations, standards, testing, certification, pre-shipment inspection or non-technical measures like quotas, import licensing, subsidies, and government procurement restrictions.
04.03 / 13:51
markets UPS Provident Target economy cover Mizoram govt presents Rs15,198 crore budget, allocates 75% more in flagship scheme
The chief minister, who also holds the finance portfolio, also presented supplementary demands for grants for the current fiscal (2024-25) amounting to Rs 3,512.33 crore. There was no proposal for levying new taxes in the budget.
04.03 / 13:05
markets UPS Provident Digital Nielsen audience rights Can Nielsen keep up? Karthik Rao on adapting to a fragmented media landscape
Subscribe to enjoy similar stories. Mumbai: In an era where media consumption is more fragmented than ever, Nielsen, a company that has long been synonymous with audience measurement, finds itself in a race to keep up. Karthik Rao, chief executive of Nielsen, acknowledges the reality check: “The revelation was not about the media landscape—it was about what we need to do to keep pace and get ahead.
04.03 / 12:03
markets Citi Provident CEO Mobile RAI travelers Daily commute service firm Cityflo to enter Delhi, aims to deploy 100 buses this year
Cityflo, a commute service firm, said it is entering Delhi to cater to the daily transit needs of corporate professionals. Founded in 2015 by IIT Bombay alumni Jerin Venad, Rushabh Shah, Ankit Agrawal, and Sankalp Kelshikar, Cityflo aims to provide an alternative commuting solution. The company has served over 2.5 million corporate professionals in Mumbai and Hyderabad. «Delhi's commuters are facing challenges with unreliable schedules and subpar vehicle conditions, even from global mobility players. We are here to change that narrative. Our commitment is to provide a dependable, comfortable, and seamless travel experience that professionals can count on every day,” said Jerin Venad, Co-founder and CEO, Cityflo.
04.03 / 11:21
markets Citi Provident Platform security track rights Lost track of old mutual fund investments? Sebi’s ‘Mitra’ is here to help.
Subscribe to enjoy similar stories. For millions of investors who’ve lost track of old mutual fund investments, India's markets regulator is offering a new mitra—or friend— to help. The Mutual Fund Investment Tracing and Retrieval Assistant (Mitra), launched by the Securities and Exchange Board of India (Sebi), is designed to track down inactive and unclaimed mutual fund folios, helping investors reclaim money they may have forgotten.
04.03 / 10:27
markets UPS Provident Ball performer social 'Travis Head gaya': Meme fest erupts as netizens crown Varun Chakravarthy India's headache remover specialist
Varun Chakravarthy dismissed Australia's Travis Head in the Champions Trophy semi-final in Dubai. The Australian opener, known for his match-winning performances against India, was sent back for 39 off 33 balls, triggering an outpouring of reactions on social media. Skipper Rohit Sharma’s decision to bring Chakravarthy into the attack in the ninth over paid off immediately, as the spinner struck on just the second ball of his spell. Head’s dismissal reduced Australia to two down, giving India a crucial breakthrough in the high-stakes encounter. Travis Head had been a major concern for Indian fans leading up to the match, given his history of tormenting India on big occasions. His stunning 137-run knock in the 2023 World Cup final had cemented his reputation as a big-match player. In ODIs against India, he had amassed 345 runs at an impressive average of 43.13.
04.03 / 07:19
markets Provident Progressive students Experts Department Courts Trump reverses Biden's Student Loan Forgiveness plan: Here's how it will affect millions borrowers
Department of Education has taken down applications for all income-driven repayment (IDR) plans, which are designed to keep monthly payments manageable and provide a pathway to eventual loan forgiveness. The move affects four popular IDR programs: Income-Based Repayment (IBR), Income-Contingent Repayment (ICR), Pay As You Earn (PAYE), and the new SAVE (Saving on a Valuable Education) plan introduced by the Biden administration in 2023. These plans base payments on a borrower’s income and family size, with remaining balances forgiven after 20 or 25 years. The department did not make a formal announcement about the removal of IDR applications, instead posting a brief notice on its website. The lack of communication has led to widespread confusion, with borrowers and advocates scrambling for clarity.
04.03 / 07:19
markets Provident Target Assurant Metro RAI cover Uttarakhand Cabinet approves implementation of Unified Pension Scheme
Uttarakhand Cabinet, under the chairmanship of Chief Minister Pushkar Singh Dhami, has approved the implementation of the Central Government's Unified Pension Scheme for officers and employees in the state. The decision was taken during a cabinet meeting held on Monday, officials said. The Unified Pension Scheme (UPS) has been introduced as an option under the National Pension System (NPS) by the Central Government for the Central Government employees covered under NPS so that they may receive an assured payout after their retirement. The Unified Pension Scheme will be operational from April 1, 2025
04.03 / 06:49
Provident Digital Platform Action Bill information Investigations New income tax bill provisions grant wide search powers to authorities, make privacy of taxpayers vulnerable
On 13 February, finance minister Nirmala Sitharaman introduced the much-awaited bill to replace the existing Income-Tax Act, 1961. Among the changes proposed in the Income-Tax Bill, 2025, a significant one that cannot be overlooked is the extensive power granted to tax authorities to carry out searches of tax evaders.
04.03 / 04:11
markets COST Provident RAI country information China to publish policy to boost RISC-V chip use nationwide: Sources
RISC-V chips nationwide for the first time, two sources briefed on the matter said, as Beijing accelerates efforts to curb the country's dependence on Western-owned technology. The policy guidance on boosting the use of RISC-V chips could be released as soon as this month, although the final date could change, the sources said. It is being drafted jointly by eight government bodies, including the Cyberspace Administration of China, China's Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the China National Intellectual Property Administration, they added.
04.03 / 04:11
markets UPS Provident Aware reports Department Income from asset transferred to even your daughter-in-law will be clubbed to your income and will be taxable in your hand in this case, says income tax dept
Income Tax Department has recently released a new brochure highlighting how clubbing of income provisions is applicable for individual taxpayers. Clubbing of income refers to the situation in which your wife’s or child’s or other person’s income is included in your total income and accordingly taxed. Under the Income Tax Act, 1961 income will be clubbed in the hands of either the husband or wife whose total income is higher. Ramakrishnan Srinivasan, former chief commissioner of Income Tax Department says: "«Many taxpayers are not aware of the clubbing provisions of Income Tax Act, 1961 and accordingly land up getting slapped with huge tax demand for arranging their financial affairs with their relatives. One such case which I remember was about a taxpayer who gave cash gift to his spouse and she invested it in fixed deposit in her name and offered interest income in her income tax return. The tax department applied the clubbing provisions and taxed the interest income in the hands of the husband. Similarly in another case, a salaried employee opened a fixed deposit (FD) in the name of his minor daughter out of his savings and did not offer the interest income in his hands thinking that interest is getting accumulated in his daughter’s account without realizing the clubbing provisions of Income Tax Act, 1961. The tax department brought the said income to tax in the hands of the employee and also levied stiff penalty on the ground under reporting of income which amounts to misreporting.»
03.03 / 19:53
markets Provident Digital CEO Platform security AMD Jio, Nokia, AMD & Cisco launch AI platform
Jio Platforms Limited, along with Nokia, AMD and Cisco announced Monday an open AI platform for telecommunications. The collaborative platform will offer real-world, AI-driven solutions to drive efficiency, security, capabilities, and new revenue opportunities for telecom service providers, the companies said in a joint statement Monday at the Mobile World Congress in Barcelona. The Open Telecom AI Platform will be built with Jio as the first customer, creating a replicable reference architecture and deployable solution for the broader global service provider industry.
03.03 / 17:25
markets Provident MET Strategy Remark President Donald Trump’s Congress Speech: Date, time, and what to expect in the joint address
While not officially classified as a State of the Union address—traditionally given after at least a year in office—this speech serves a similar function, providing insight into his administration’s legislative priorities and early accomplishments. The address, scheduled for 9 p.m. ET, will unfold in the House chamber, where Trump will be met with a packed audience of lawmakers, dignitaries, and invited guests, as mentioned in a report by NBC New York.
03.03 / 17:13
markets Provident CEO Analysis Tesla Trade Experts Tesla shares rise 2% as Morgan Stanley backs AI, robotics efforts with 'top pick' status
The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition including from BYD.
03.03 / 13:01
markets Provident CEO Browser country audience Features Rewards-powered internet browser Veera expands to over 108 countries, scaled to 4 million users
Veera, India’s homegrown mobile-only internet browser, said it has expanded to 108 countries, bringing its suite of Web3 features to a global audience. The company was developed to address the complexities associated with Web3, aiming to simplify user interactions with decentralised technologies. Since its launch, Veera has scaled to 4 million users in less than a year, with a monthly active user base of one million. The ⁠⁠overall Web3 user base expected to be between 100-200 million globally and this market is projected to grow to $104.04 billion by 2032, growing at a CAGR of 45.47% over the forecast period of 2024-2032.
03.03 / 13:01
markets Provident Puzzle Food country blues mountaineering NYT Mini Crossword answers and hints for Monday, March 3, 2025
The New York Times is a non-negotiable ritual. Whether it's Wordle, Connections, or the newly introduced Strands, these games provide a mental challenge that kicks off the day on a high note. Among them, The Mini Crossword holds a special place—offering a compact yet engaging puzzle that tests one's vocabulary and quick thinking.
03.03 / 13:01
markets Provident Booking security Experts travelers Courts New rule for GST registration: Now biometric authentication in your home state is possible when you do GST registration in another state
Goods and Services Tax Network (GSTN) has introduced an additional facility allowing promoters and directors of a company to complete their Bvbiometric Aauthentication for completion of GST registration process in their home state. Earlier for getting a Goods and Services Tax (GST) registration, you either needed to use the OTP verification method or use Biometric Authentication process by physically visiting the GST Suvidha Kendra in the company’s registered jurisdiction, which is in the state in which you are registering your GST. Howeve, Nnow the bBiometric aAuthentication process can be completed in one’s home state instead of the state where the GST registration is being sought. Like For instance, if the company is being registered in Delhi but you are from Nagaland then you have to travel to Delhi and complete the GST registration. With this update made on March 3, 2025 by GSTN now you can complete the GST registration from Nagaland itself without going coming to Delhi, as per this example.
03.03 / 10:55
markets Provident Airlines Parke track prevention International Delhi airport launches new system to improve airside operations
DIAL has launched the UTAM system that will help reduce delays, improve turnaround time and also track the speed of all airside vehicles to check for any violations, among other elements. Leveraging Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and radar systems, the Unified Total Airside Management (UTAM) will collect data, help identify issues or delays and trigger alerts to prevent problems before they happen, according to a release. The Delhi International Airport Ltd (DIAL) has established a centralised control room to monitor and manage all activities, and the UTAM will track all airside vehicles such as baggage carts, fuel trucks and maintenance vehicles, in real-time. Generally, airside operations refer to those activities related to an aircraft, including take-off, landing, parking and refuelling. Multiple stakeholders, including ground handling service providers are involved.
03.03 / 10:55
markets Provident Experts recommendations prevention guidelines Experts release guideline on managing fatty liver disease, recommend these small things for 30% fat reduction
liver fat by 30%, according to the Asian Pacific Association for the Study of the Liver (APASL). The expert body has released its first clinical guideline for managing metabolic-dysfunction associated fatty liver disease (MAFLD), emphasizing the role of exercise in improving liver health.

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