Provident Financial News

GRAP II, the government takes steps like increasing the parking fees to discourage the use of personal vehicles and increasing the frequency of CNG/Electric buses and metros. 1. People to use public transport and minimize the use of personal vehicles.

Narendra Modi, while addressing the 125th Founders' Day celebrations at ‘The Scindia School’ in Madhya Pradesh's Gwalior on October 21, told the gathering of students that their dream is his "resolution". “India will remove poverty and also become developed.

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The Money Club has launched Vrddi, an employee benefits program where organizations can offer their employees financial security and loan-free funds in times of crisis. The company plans to onboard five million users across organizations in India over the next five years. Most working professionals today don’t have access to funds during crises such as medical expenses, marriage, social obligations, education, health and wellness, travel, and home repairs.

One 97 Communications, the parent of Paytm, expects overall credit business to grow at an average annual rate of 40%-50% over the next two to three fiscal years even as it continues a cautious approach to the personal loan vertical, president and chief operating officer Bhavesh Gupta said on Saturday. The Noida-headquartered company is looking to add three new lending partners to its platform over the next two quarters, which may include a domestic bank, Gupta said on an analysts’ call to discuss September quarter earnings.

Shakti scheme that provides free travel for women across the state, Karnataka Chief Minister Siddaramaiah has directed officials to purchase 5,600 buses for the state road transport corporation. According to a statement issued by the CM's office, the Chief Minister said Rs 500 crore has been provided in the state budget for acquiring new buses, and therefore ordered that the purchase process be completed soon. There has been a 15 per cent increase in the number of passengers travelling by State Road Transport Corporation buses since the launch of the Shakti Scheme. The CM also said that additional schedules and buses should be announced to provide passengers with better services. A discussion was held in the meeting about the revenue target collection of the transport department and the financial management of the road transport corporations, it said, adding that CM was informed that Rs 83 crore fine has been collected from vehicle inspections. Under the Karnataka government's 'Shakti' scheme, women residents of the state can avail free travel in state-run buses, but 50 per cent seats are reserved for men. Along with women, transgender persons can also travel for free. The Congress in its election manifesto had promised free rides for women in non-luxury government buses and said this was one of the five poll guarantees that would come into effect the day it comes to power in the state.

₹41 crore worth of proceeds of crime, the total amount of which can cross ₹6,000 crore. As per the news platform India Today, Sourabh Chandrakar, Ravi Uppal, Vikas Chapariya, Chandrabhushan Verma, Sourabh Chandrakar's brother Satish Chandrakar, Anil Dammani, Sunil Dammani, Vishal Ahuja, Dheeraj Ahuja, Punaram Verma, Shiv Kumar Verma, Punaram Verma, Yashoda Verma and Pawan Nathani are the 14 accused in the case in ED's first chargesheet.

2024 Mercedes-Benz E-Class LWB boasts dimensions of 5,092 mm in length, 1,880 mm in width, and 1,493 mm in height, with a wheelbase spanning 3,094 mm. In comparison to its predecessor, it is 18 mm longer and 20 mm wider, with the 15 mm longer wheelbase primarily accounting for the 18 mm length increment. From an exterior perspective, the latest Mercedes-Benz E-Class LWB bears a striking resemblance to the standard wheelbase variant.

WABetaInfo, the instant messaging app is currently in the process of creating a new feature that will grant users the ability to hide their locked chats. At present, the entry point for accessing the list of locked chats is consistently visible in the chat list whenever there is at least one protected conversation, potentially making it evident to anyone with phone access that locked conversations exist. With this upcoming feature enabled, users will have the option to eliminate the entry point and reveal the list of locked chats by entering a secret code into the search bar.

Sikkim Chief Minister Prem Singh Tamang handed over Rs 20,000 cheque to drivers of tourist vehicles who were stranded in North Sikkim during the flash flood which hit the Himalayan state. Over 223 tourist vehicle drivers were stranded in Lachen, Lachung and Chungthang as the road connectivity to Mangan district in the northern part of the state was cut off due to the Testa river flash flood on October 4.

UK government has expressed its disagreement with Indian government decisions, which it believes resulted in the departure of Canadian diplomats amid an ongoing standoff between India and Canada over the killing of a Sikh separatist. The move impacted the effective functioning of the Vienna Convention on Diplomatic Relations, a statement from the Foreign, Commonwealth and Development Office (FCDO) said on Friday.

As XRP's price retracts to a notable $0.5158, the crypto community is abuzz with speculation. 

Delhi cabinet led by Chief Minister Arvind Kejriwal on Saturday has given its approval to extend the existing Delhi Electric Vehicle Policy till December 31, 2023, or till notification of Policy 2.0 whichever is earlier. All the incentives including subsidies under the existing policy shall also continue in this extension period. Delhi Transport Minister Kailash Gahlot in a post on X, «Delhi Cabinet led by CM @arvindkejriwal has given its approval to extend the existing Delhi Electric Vehicle Policy till December 31, 2023 or till notification of Delhi EV policy 2.0 whichever is earlier. All incentives including subsidy under the existing policy shall continue. Delhi EV policy 2.0 is in the final stages and after necessary approvals shall be notified soon.»

Biden administration in the United States has proposed changes in the H-1B visa program to streamline eligibility requirements and make it more efficient and flexible. The changes have been proposed by the US Department of Homeland Security, which stated that the changes will also lead to a reduction in cases of misuse and fraud. «The US Department of Homeland Security (DHS), through US Citizenship and Immigration Services (USCIS), published a Notice of Proposed Rulemaking (NPRM) that would modernize the H-1B speciality occupation worker program by streamlining eligibility requirements, improving program efficiency, providing greater benefits and flexibilities for employers and workers, and strengthening integrity measures,» the department said in a statement. The US Secretary of Homeland Security, Alejandro N Mayorkas said that the priority of the Biden administration is to attract global talent and reduce undue burdens on employers. «DHS continues to develop and implement regulations that increase efficiency and improve processes for employers and workers navigating the immigration system,» the Secretary of Homeland Security, Alejandro N Mayorkas said. He added, «The Biden-Harris Administration's priority is to attract global talent, reduce undue burdens on employers, and prevent fraud and abuse in the immigration system.» According to the department, the proposed changes would streamline eligibility requirements.

Hardik Pandya, a frighteningly dominant India's World Cup campaign will start all over again with Sunday's blockbuster clash against an ambitious New Zealand. A freak ankle injury had ruled Pandya out of the big game against the Kiwis who are eyeing their maiden triumph, even as the hosts desperately look to break their long trophy jinx in ICC tournaments. With the flamboyant all-rounder not in picture, India have been forced to disturb a combination that has brought them four convincing wins on the trot, leaving the opponents worried and exploring ways to stop the rampaging hosts.

Chicago and the union representing its rank-and-file police officers have reached a tentative agreement on a four-year contract that would provide about a 20% raise for officers, the two sides announced Friday. The deal, which would extend the current contract by two years through June 30, 2027, doubles from 2.5% to 5% the annual pay raise that officers are scheduled to receive in 2024 and 2025.

cost overruns rose to a six-month high in September, according to data released by the government. The estimated cost of central infrastructure projects was 21.92% higher in September than the original cost, compared with 19.08% witnessed in August. The government will need to shell out an extra Rs 4.5 lakh crore on projects which value Rs 150 crore and above, taking the total spending to Rs 24.8 lakh crore. The time of completion also jumped compared with the previous month to 38.63 months from 36.96 months projected earlier. Although the number of delayed projects declined to 823 in September from 830 in August, 58% are now delayed for over two years. The government’s monitoring portal considered 1,418 projects in September, of which 12 were added from the previous month.

Apple iPhone 12, featuring a generous 128 GB of storage, is currently available at a remarkable discount on Flipkart. It is now priced at just Rs. 46,999, down from the original price of Rs.

Securities Exchange Board of India (Sebi) has released a circular for the revision of the framework for fund raising by issuance of debt securities by large corporates, or LCs. The large corporates include all listed entities (barring the scheduled commercial banks) which have their specified securities or debt securities or non-convertible redeemable preference shares listed on a stock exchange and have outstanding long-term borrowings of ₹1,000 crore or above.

Gold rate today: On account of rising tension in the Middle East region on Israel-Hamas war, US Fed's hint for a possible rate pause in upcoming US Fed meeting in November 2023 and slide in US dollar aided gold price to continue its rally and climb to around four month high on Multi Commodity Exchange (MCX). MCX gold rate logged weekly gain of 2.15 per cent and ended at ₹60,725 per 10 gm levels.

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