Provident Financial News

01.02 / 11:29

markets UPS Provident Digital Align Trade rights The budget gives MSMEs a big boost to help make India self-reliant

Subscribe to enjoy similar stories. Micro, small and medium enterprises (MSMEs) are the backbone of India’s economic structure, contributing nearly 30% to gross domestic product (GDP), 45% to exports and generating employment for over 75 million people. Despite their crucial role, MSMEs have long grappled with financing bottlenecks, infrastructural gaps and slow technological adoption.

01.02 / 11:29

UPS Provident country hospital reports travelers Destinations budget 2025 Budget 2025: Mixed signals for tourism and hospitality

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman on Saturday unveiled an ambitious tourism vision in the Union Budget for 2025-26, reaffirming a 2023 pledge to develop 50 new destinations as engines of economic growth and employment. However, a closer look at the budget paints a more nuanced picture, with stagnant allocations and underutilized funds.

01.02 / 11:29

Provident Digital security economy Sustainability Healthcare innovations union budget 2025 budget 2025 Union Budget 2025 strengthens the middle class for a consumption-driven economy

Subscribe to enjoy similar stories. The Union Budget 2025, presented by finance minister Nirmala Sitharaman, introduces key measures to strengthen India’s middle class. According to estimates by PRICE, this segment—households earning between ₹6 lakh and ₹36 lakh annually at 2024-25 prices—comprises over 560 million people across 126 million households, making it a driving force behind consumption, investment, and innovation in the economy.

01.02 / 11:09

UPS Provident FIVE Citizens Manufacturing cover reports budget 2025 Budget 2025: Who benefits and who doesn’t

Subscribe to enjoy similar stories. Mint brings you a special edition of Budget 2025, containing key takeaways, how it impacts various sectors, who benefits and who doesn’t, what’s costlier and what’s cheaper, and the big Budget numbers you should know.

01.02 / 10:47

markets Provident Digital Strategy Bill Experts PAM budget 2025 Now no more prosecution for delayed payment of TCS if its paid by this date: Budget 2025

Budget 2025 has removed prosecution for taxpayers who failed to deposit Tax Collected at Source (TCS) despite collecting it. This is subject to the condition TCS is paid before filing the TCS return for that period. This amendment will take effect from April 1, 2025.

01.02 / 10:47

markets Provident Digital Strategy Experts PAM reports Government proposed to spend Rs 5,600 Crore to fill part-empty strategic petroleum reserves

strategic petroleum reserves (SPR) and another Rs 500 crore to boost biofuel adoption but these allocations appear to be prompted by little or no utilisation of similar provisions in the current or the previous year.

01.02 / 10:01

Provident Platform economy Food President cover rights Online platforms and workers to benefit as Budget formalises gig economy

Subscribe to enjoy similar stories. Online platforms such as Swiggy, Zomato, Amazon and Flipkart are likely to see increased interest for delivery-partner and warehouse-worker jobs as the Union Budget has proposed formalising the gig economy, industry executives told Mint.

01.02 / 08:11

markets Provident Digital Strategy Experts PAM Updates Annual value of 2 self-occupied properties will be treated as nil for taxation purpose

01.02 / 08:11

markets Provident Digital Strategy Experts PAM Updates Govt announces SWAMIH Fund-2 to complete 1 lakh homes in stalled projects

Finance Minister Nirmala Sitharaman on Saturday announced a fresh Rs 15,000 crore 'SWAMIH Fund' for completion of 1 lakh units in stalled housing projects, a move aimed at providing relief to homebuyers whose investments are stuck. In November 2019, the Centre announced a stress fund named 'Special Window for Affordable and Mid-Income Housing' (SWAMIH), to complete stalled housing projects across India. The fund is being managed by SBICAP Ventures Ltd, a State Bank Group company.

01.02 / 08:11

markets Provident Digital Strategy Experts PAM Updates budget 2025 TDS limit for dividend income hiked from current Rs 5000 in Budget 2025: small shareholders to benefit

Budget 2025 proposes to increase the Tax Deducted at Source (TDS) threshold for dividend income from Rs 5000 to Rs 10,000 in a particular financial year. This amendment will take effect from April 1, 2025.

01.02 / 08:05

markets Provident Gap WhatsApp Updates budget 2025 Budget 2025: Sitharaman gives relief to middle class in reformist Budget

Budget in the Lok Sabha, Sitharaman laid out a blueprint for next generation reforms including raising FDI limit in insurance sector, simplification of tax laws, cutting duties on intermediaries while providing enhanced fiscal support for welfare measures.

01.02 / 08:05

markets COST UPS Provident Strategy PAM Finance Minister draws up plans to encourage PPP for infrastructure building

infrastructure projects, finance minister Nirmala Sitharaman announced a road map for the same in the Budget 2025-26. The Finance Minister said each infrastructure-related ministry will come up with a 3-year pipeline of projects that can be implemented in public private partnership mode. States will also be encouraged to do so and can seek support from the IIPDF (India Infrastructure Project Development Fund) scheme to prepare PPP proposals, she added.

01.02 / 08:05

markets Provident Digital Healthcare country hospital union budget 2025 budget 2025 Union Budget 2025: Key healthcare moves for cancer treatment, gig workers, & medical education

Nirmala Sitharaman unveiled several key healthcare initiatives aimed at improving access to cancer treatment, expanding medical education, and supporting gig workers.

01.02 / 06:23

markets Provident Platform security economy Healthcare social budget 2025 Budget 2025: 1 crore gig workers to get identity cards and healthcare

Nirmala Sitharaman Saturday announced to arrange identity cards and registration on e-shram portal to assist 1 crore of them.

01.02 / 06:23

markets Provident Cooper Food Cardiovascular International budget 2025 In Budget 2025, Zerodha's Nikhil Kamath's favourite superfood Makhana gets a big boost

Nikhil Kamath’s predictions came true. In a transformative step aimed at reshaping Bihar’s thriving Makhana sector, Finance Minister Nirmala Sitharaman unveiled plans to establish a specialized Makhana Board in the Union Budget. To ensure effective implementation, institutional mechanisms will be developed, encouraging active participation from farmer-producer organizations (FPOs) and cooperatives.

01.02 / 06:23

markets UPS Provident Enterprise WhatsApp cover budget 2025 Budget 2025: Kisan Credit Cards interest subvention scheme limit to be increased to Rs 5 lakh, FM Sitharaman announces

Budget 2025: In the Union Budget 2025 tabled on February 1, Finance Minister Nirmala Sitharaman announced an increase in the interest subvention scheme limit for Kisan Credit Cards from Rs 3 lakh to Rs 5 lakh.

01.02 / 06:23

markets Provident Digital Manufacturing Strategy Experts PAM budget 2025 Budget 2025: FM Sitharaman announces scheme to make India a global hub for toys

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday in her Budget speech announced measures aimed at promoting employment and entrepreneurship opportunities in labour-intensive sectors. She also highlighted initiatives through which the government will implement specific policy and facilitation measures.

01.02 / 04:19

markets Provident Analysis trends Trade Experts Cycling Largecaps and gold: Strategic shields for investors

Nifty Smallcap 100 and Nifty Midcap 100 delivering returns of over 78% and 70%, respectively. But the tide seems to be turning as these indices enter a cooling-off phase. Currently, the Smallcap index has corrected by 20%, while the Midcap index is down 16% from their all-time highs. Is this just a healthy breather or a sign of deeper challenges? In this article, we’ll explore past corrections, current trends, and what they could mean for the investors.

01.02 / 01:55

markets Provident Analysis Align Trade Experts 2020 union budget 2025 budget 2025 Stock market open today: Is NSE, BSE open for Union Budget 2025 special session?

stock market will be open for a special trading session today, Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget for the fiscal year 2025-26. Both the National Stock Exchange (NSE) and the BSE confirmed in a circular issued earlier this week that trading will continue as per regular market hours. Market timings for Budget day On Budget day, the trading schedule will follow its usual timings. Pre-market trading will begin at 9:00 AM and run until 9:08 AM, after which equity market trading will take place from 9:15 AM to 3:30 PM.

31.01 / 20:57

UPS Provident Fishing country inclusion innovations Ottawa delays capital gains tax increase until 2026

The federal government says it is deferring the implementation of a hike to the capital gains inclusion rate to next year and plans to introduce new exemptions to ensure most middle-class Canadians do not pay more tax if the rate becomes official.

31.01 / 14:17

markets Citi Provident Gap Healthcare social innovations Economy Survey 2025: Insurance coverage lower than global average, notable gaps

Subscribe to enjoy similar stories. MUMBAI : India's insurance penetration at 3.7% is much lower than the global average of 7%, and there is a “notable gap" in the country's insurance coverage, said the Economic Survey 2024-25 on Friday. This lag in insurance coverage presents opportunities for insurers.

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