Provident Financial News

Indian industry, including exporters on Thursday, asked the government to provide tax incentives for research and more funds for marketing activities in the Budget to boost manufacturing and the country's outbound shipments. They also urged the government to consider developing a global shipping line in partnership with the private sector. India's outward remittance on transport services is increasing with rising exports. «We remitted over USD 80 billion as transport service charge in 2021. As the country moves towards the goal of USD 1 trillion, this will touch USD 200 billion by 2030,» Federation of Indian Export Organisations (FIEO) said, adding that the private sector may be engaged to develop the shipping lines. This will also reduce arm-twisting by foreign shipping lines, particularly of our MSMEs, the organisation said.

Budget 2024 expectations: In anticipation of the upcoming Interim Budget 2024, Muthoot Finance highlights the importance of granting 'priority sector status' to gold loans and proposes the introduction of a 'Gold linked credit line via UPI' by NBFCs. George Alexander Muthoot, Managing Director of Muthoot Finance, in an email interview with Mint, has outlined key recommendations to leverage the idle gold holdings in Indian households.

There’s no denying the fact that India's tourism industry is on a boom. With conversations shifting toward sustainability in travel, everyone is seeking a responsible and cost- effective travel experience. People want to make smart travel choices, and hence, they opt for travel credit cards. A travel credit card offers you discounts, reward points and cashback on your travel expenses. It also provides you with other benefits like lounge access and travel insurance.

In the current market which is obsessed with hyper-growth, the principles of value investing may appear to be overlooked at times. However, individuals like Mohnish Pabrai emerge as noteworthy figures, capturing the attention of investors across the spectrum. His consistent success in achieving remarkable returns through a value-oriented approach demands admiration and sparks interest.

The examinations for both services took place from June 23 to 25, followed by interviews from December 18 to 21 for the shortlisted candidates. The UPSC has recommended 18 candidates for IES positions and 33 for ISS positions. Results for seven candidates (3 in IES and 4 in ISS) are provisional.

Hardware wallet provider Trezor has confirmed that the unauthorized use of its third-party email provider led to a spate of malicious emails sent to users over the past 12 hours.

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MakeMyTrip said on Thursday it had completed the Savaari transaction by aquiring a controlling stake in the car rental service provider. MakeMyTrip had announced in its second quarter FY23-24 results that it has entered into an agreement to acquire a majority stake in Savaari Car Rentals Private Limited. Savaari will continue to operate as an independent entity led by the existing leadership team, the company said in a statement.

₹80,000 crore in current fiscal, while non tax revenue is also expected to exceed budget estimates by ₹50,000 crore. Similarly, expenditure may also exceed budget estimates by around ₹60,000 crore, economists said. Also Read: Cut deficit to 5.4% in FY25: Ind body to govt Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India believes gross tax revenue at 11.6% of GDP in FY24 is likely to be a 16 year high.

Six people were killed and only one person survived after a plane crashed Tuesday near Fort Smith, Northwest Territories, according to the chief coroner for the territory.

I suppose it is tempting, if the only tool you have is hammer, to treat everything as if it were a nail" – Abraham Maslow

The Friction Project: How Smart Leaders Make the Right Things Easier and the Wrong Things Harder." Yet in the course of our research, we also learned that the opposite lesson is just as important: The best bosses don’t strive to build entirely frictionless organizations. Instead, they know when and how to help their charges to slow down. In effect, they know what every race-car driver knows: If you want to win, tapping the brakes at the right times is as important as pushing the pedal to the metal.

Russia’s biggest crypto mining industry association has hit out at Moscow’s plans to increase electricity tariffs for miners.

North Korea said Thursday it conducted its first flight test of a new cruise missile, as it expands its military capabilities in the face of deepening tensions with the United States and neighbours. The report in state media came a day after South Korea's military said it detected the North firing several cruise missiles into waters off its western coast. The South's Joint Chiefs of Staff did not provide more specific assessments, including the number of missiles fired or their flight characteristics.

Nocturne, a crypto project backed by prominent figures like Vitalik Buterin, recently announced the shutdown of its first version, Nocturne v1. The project initially focused on enhancing account abstraction (AA) and crypto accessibility, emphasizing privacy at the account layer as a unique and challenging goal in the crypto world​​​​​​.

BEIJING (Reuters) — China on Wednesday said it is widening the uses for commercial property lending by banks in its latest effort to ease a liquidity crunch facing troubled real estate firms.

The mother of an intellectually disabled girl has filed a lawsuit against Starbucks, Pittsburgh Public Schools and a property management company, accusing all three entities of negligence in creating the conditions that allegedly led to her daughter be...

New Jersey utility regulators have given preliminary approval to two new wind farms off the state's coast

The company seeking permits to mine minerals just outside the Okefenokee Swamp's vast wildlife refuge has agreed to pay a $20,000 fine to Georgia environmental regulators

Tesla’s net income more than doubled last quarter due to a one-time tax benefit, even as electric vehicle price cuts and slowing sales growth cut into its profits

Edmunds Top Rated Awards are bestowed annually upon the best vehicles of the year