Provident Financial News

Ayodhya airport welcomed its first flight today with the landing of an IndiGo flight from Delhi. Earlier in the day, the airport, officially named Maharishi Valmiki International Airport, was inaugurated by Prime Minister Narendra Modi.

Vivo India Hong Xuquan alias Terry, a Chinese national, Chief Financial Officer (CFO) Harinder Dahiya and consultant Hemant Munjal were earlier arrested by Enforcement Directorate under the provisions of the Prevention of Money Laundering Act (PMLA). The executives were arrested in connection with its money laundering probe against the Chinese smartphone maker and some others. The federal agency had earlier made four arrests in the case which included mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang and chartered accountants Nitin Garg and Rajan Malik.

India arm of British multinational group Compass Group PLC which manages large office complexes and food services for corporates, is looking to make India among the top five markets for the company, Vikas Chawla, MD of Compass Group India told ET. The company is looking to expand its facility management business from 2 million sq ft to 10 million sq ft as employees are returning back to offices and corporates continue to lease big space. “In India, the share of facility management business is much higher than globally and we will continue to expand both the verticals.

inaugural flight to Ayodhya. This is a proud moment for us and Indigo. We hope your journey with us is safe and pleasant," the Captain of the Indigo flight Ashutosh Shekhar said while welcoming the passengers onboard the aircraft.

Cool Yellow Metallic finish, complemented by a black roof and decals. Distinctive 'Fourth Generation Swift' graphics adorn the sides. Suzuki has opted for gloss black for the grille and fog lamp housing, with a matte black front splitter.

President Biden’s climate policy contradictions keep piling up. Witness the family feud that blew up late last week between the renewables lobby and green groups over the Biden Administration’s new proposed rules for the Inflation Reduction Act clean hydrogen tax credit. The IRA created a new tax credit for producing clean hydrogen from low-emissions sources.

Major companies in the market, such as BlackRock and ARK Invest, have modified their S-1 registration statements in order to comply with the requirements imposed by the United States Securities and Exchange Commission. When it comes to their planned spot Bitcoin exchange-traded funds (ETFs), this update includes a significant move toward a cash redemption approach.

Rick Riordan shared an optimistic update on the potential second season of Percy Jackson and the Olympians. While Season 1 has only just premiered on Disney+ and Hulu, discussions and preliminary work for Season 2 are underway, hinting at the possibility of the series continuing its successful adaptation of Rick Riordan's novels.

labour reforms as part of efforts to further improve the ease of doing business and provide social security for the unorganised labour, particularly gig and platform workers, in 2024. Union Labour and Employment Minister Bhupender Yadav told PTI that his ministry will soon launch the «advanced version, namely NCS 2.0, to facilitate better job matching and search facility for jobseekers along with a recommendation engine for skilling by the use of latest technologies and leveraging Artificial Intelligence and Machine Learning».

United Kingdom will introduce significant changes to its Visitor Visas, allowing additional business activities, according to the updated immigration rules published by the UK government. Under the new guidelines, visitors will be allowed to continue to work for an overseas employer while staying in the UK. Nevertheless, the primary intent of their visit must be tourism, visiting family, or engaging in another non-work-related activity.

Public Health Director Niranjan Mishra in a letter to all medical colleges and CDMOs said: «The recent rise in COVID-19 cases across India necessitates immediate and proactive measures to combat any surge in COVID-19 cases in the state. In continuation of the earlier communication, you are requested to implement the action points given therein and to remain alert to meet any exigency».

Unified Payments Interface) account with any of the popular apps such as Google Pay, Phone Pay or Paytm, and have not been able to use it for a year or longer for any reason whatsoever, then it is set to get deactivated from Jan 1 onwards. This will be done as the follow-up action of NPCI (National Payments Corporation of India) circular that was issued on Nov 7, 2023. While taking a decision, the payments corporation body attributed the move to inadvertent transfer of money in cases where users change their mobile numbers without removing their earlier numbers from the banking system.

Generative Edit" feature. Described by Samsung as a tool to effortlessly remove unwanted elements from photos, it draws immediate comparisons to Google's Magic Eraser tool introduced in the Pixel 8 series. The Magic Eraser, known for its ability to erase unwanted objects from photos, requires Google Photos backup and an internet connection.

Gold price outlook 2024: As we welcome the dawn of 2024, the outlook for gold appears promising, poised to be shaped by a complex interplay of several variables. One pivotal determinant of gold prices in the coming year will be the monetary policies enacted by major central banks, notably the US Federal Reserve. Alongside this, the geopolitical landscape, trends in the dollar index, global growth momentum, uncertainty stemming from elections in major economies, and the ongoing gold acquisition spree by central banks will collectively shape the path of gold.

The government has increased the interest rates of two small savings schemes for January-March 2024 by 10-20 basis points. As per a notification by the finance ministry, the rate of interest on the three-year time deposit has been increased by 10 basis points to 7.1% and that of Sukanya Samriddhi Account Scheme by 20 basis points to 8.2% for the three months to March 2024.

For those who missed the July 31 deadline to file their income tax return (ITR) for the financial year 2022-23, the Income Tax Department has issued a warning. They’ve given a final chance, setting December 31, 2023, as the last date to file the belated or revised ITR. The department emphasized the difference between the two types of returns. In a post on social media, the department urged taxpayers to act promptly and provided a website link for necessary information.

The EMI (Equated Monthly Instalment) to income ratio for households has improved in 2023 after the brief decline in affordability in 2022, according to Knight Frank India’s proprietary Affordability Index.

The financial landscape is ever-changing, influenced by global events, economic shifts, and individual aspirations. As we step into a new year, crafting a comprehensive financial roadmap is essential to navigating the uncertainties and capitalizing on opportunities that may arise in 2024.

Convertible term insurance plans are increasingly becoming popular as these offer the option to convert a regular term policy into a whole life insurance or an endowment plan without requiring any additional medical underwriting. This feature enables a policyholder to secure lifelong coverage.

Will the Modi government raise the interest rates of small savings schemes for the coming year 2024 or will they again be left unchanged like those in the previous quarters – this was the question on the top of the minds of most retail investors before the rate announcement.

Russia, External Affairs Minister S. Jaishankar signed three documents relating to the Kudan Kulam Nuclear Power Plants, an MoU on cooperation in pharmaceuticals and healthcare and a Protocol on Foreign Office Consultations according to a release of the Ministry of External affairs. The EAM was on a visit to Russia from December 25 to 29 as a part of the ongoing high-level exchanges between the two sides. During his visit, Jaishankar called on Russian President Vladimir Putin in Moscow and held discussions with the Deputy Prime Minister and the Minister of Industry and Trade, Denis Manturov, as well as the Minister of Foreign Affairs, Sergey Lavrov. «Three documents relating to the Kudan Kulam Nuclear Power Plants, an MoU on cooperation in pharmaceuticals and healthcare and a Protocol on Foreign Office Consultations were signed during the visit,» the Ministry of External Affairs said in a release.