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<![CDATA[ bharatinews.in ]]> en 2026-04-15 20:29:45 <![CDATA["Ayushman Bharat" will provide funds for seniors over 70: Everything you need to know]]> ayushman-bharat-will-provide-funds-for-seniors-over-70-everything-you-need-to-know-868 The objective of the Ayushman Bharat project extension is to cater to the healthcare requirements of the older population, who frequently incur increased medical costs with age.   Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) will now cover all senior citizens aged 70 and above, according to a significant extension authorized by the Union Cabinet. Anybody in this age range, regardless of income level, can now qualify for health insurance thanks to this move. Union Minister Ashwini Vaishnaw stated following the Cabinet meeting: "Prime Minister Narendra Modi had promised that Ayushman Bharat PM Jan Arogya Yojana would provide coverage to all senior individuals above the age of 70. Many of the families with senior elders are already covered. Top-up or supplementary coverage for these households would be Rs 5 lakh." The goal of this expansion is to meet the healthcare demands of the elderly, who typically have greater medical costs as they become older. The government is guaranteeing that more older residents may benefit from much-needed health coverage by removing income restrictions, which will help lessen the financial burden of healthcare. How is the plan implemented?   <img src="/media_images_files/large/ayushman_bharat_1958.jpg" alt="" width="573" height="346" />   The AB PM-JAY, which focuses on seniors 70 years of age and over, now covers an extra 6 crore people from 4.5 crore families. Every older citizen will receive a health card as part of the program, giving them simple access to medical services. Each family is covered for Rs 5 lakh under the plan each year. This coverage is divided among all older citizens living in the same household. The program is especially helpful for nuclear families, where it might be more challenging to handle the financial load of older members. Important information about the program for seniors over 70 Eligibility: Senior adults who are 70 years of age or above, irrespective of their social class or wealth, are eligible for health coverage worth Rs 5 lakh. Top-up coverage: Senior members will receive an additional Rs 5 lakh top-up, exclusively for their usage, if their family is already enrolled in Ayushman Bharat. Private insurance: The program is still accessible to senior adults who have private health insurance, and it won't clash with their current coverage. Public health programs: Seniors enrolled in programs such as the Ayushman Central Armed Police Force (CAPF), Ex-Servicemen Contributory Health Scheme (ECHS), or Central Government Health Scheme (CGHS) will have to select between their current insurance and the new Ayushman Bharat health coverage. New health cards: To facilitate more effective use of the program's benefits, each qualified elderly citizen will be given a unique health card. Who pays the bill for the coverage?   <img src="/media_images_files/large/a_1959.jpg" alt="" width="604" height="455" /> This increased coverage will initially cost Rs 3,437 crore. The Center will pay the remaining 60% of the costs, with state governments contributing 40%. The Center will pay 90% of the expenses for states in the northeastern and hilly regions. Costs may rise as more senior citizens enroll. Experts point out that in many cases, insuring the elderly is more expensive than insuring younger, less well-off members of society. In light of demand, the government is willing to expand coverage, nonetheless. 868 Thu, 12 Sep 2024 00:00:00 +0000 <![CDATA["Ayushman Bharat" will provide funds for seniors over 70: Everything you need to know]]> ayushman-bharat-will-provide-funds-for-seniors-over-70-everything-you-need-to-know-869 The objective of the Ayushman Bharat project extension is to cater to the healthcare requirements of the older population, who frequently incur increased medical costs with age.   Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) will now cover all senior citizens aged 70 and above, according to a significant extension authorized by the Union Cabinet. Anybody in this age range, regardless of income level, can now qualify for health insurance thanks to this move. Union Minister Ashwini Vaishnaw stated following the Cabinet meeting: "Prime Minister Narendra Modi had promised that Ayushman Bharat PM Jan Arogya Yojana would provide coverage to all senior individuals above the age of 70. Many of the families with senior elders are already covered. Top-up or supplementary coverage for these households would be Rs 5 lakh." The goal of this expansion is to meet the healthcare demands of the elderly, who typically have greater medical costs as they become older. The government is guaranteeing that more older residents may benefit from much-needed health coverage by removing income restrictions, which will help lessen the financial burden of healthcare. How is the plan implemented?   <img src="/media_images_files/large/ayushman_bharat_1958.jpg" alt="" width="573" height="346" />   The AB PM-JAY, which focuses on seniors 70 years of age and over, now covers an extra 6 crore people from 4.5 crore families. Every older citizen will receive a health card as part of the program, giving them simple access to medical services. Each family is covered for Rs 5 lakh under the plan each year. This coverage is divided among all older citizens living in the same household. The program is especially helpful for nuclear families, where it might be more challenging to handle the financial load of older members. Important information about the program for seniors over 70 Eligibility: Senior adults who are 70 years of age or above, irrespective of their social class or wealth, are eligible for health coverage worth Rs 5 lakh. Top-up coverage: Senior members will receive an additional Rs 5 lakh top-up, exclusively for their usage, if their family is already enrolled in Ayushman Bharat. Private insurance: The program is still accessible to senior adults who have private health insurance, and it won't clash with their current coverage. Public health programs: Seniors enrolled in programs such as the Ayushman Central Armed Police Force (CAPF), Ex-Servicemen Contributory Health Scheme (ECHS), or Central Government Health Scheme (CGHS) will have to select between their current insurance and the new Ayushman Bharat health coverage. New health cards: To facilitate more effective use of the program's benefits, each qualified elderly citizen will be given a unique health card. Who pays the bill for the coverage?   <img src="/media_images_files/large/a_1959.jpg" alt="" width="604" height="455" /> This increased coverage will initially cost Rs 3,437 crore. The Center will pay the remaining 60% of the costs, with state governments contributing 40%. The Center will pay 90% of the expenses for states in the northeastern and hilly regions. Costs may rise as more senior citizens enroll. Experts point out that in many cases, insuring the elderly is more expensive than insuring younger, less well-off members of society. In light of demand, the government is willing to expand coverage, nonetheless. 869 Thu, 12 Sep 2024 00:00:00 +0000 <![CDATA[Should you be able to walk for 7 hours in a suit to teach robots? Tesla is offering up to Rs. 28,000 per day!]]> should-you-be-able-to-walk-for-7-hours-in-a-suit-to-teach-robots-tesla-is-offering-up-to-rs-28-000-per-day-613 People who are willing to walk for more than seven hours a day can apply for a special opportunity offered by Tesla, the largest electric vehicle manufacturer in the world. The salary for this role is up to $48 per hour, or roughly Rs 4,000. These are the details. People who are willing to walk for more than seven hours a day can apply for a special opportunity offered by Tesla, the largest electric vehicle manufacturer in the world. The salary for this role is up to $48 per hour, or roughly Rs 4,000. The offer is to train Tesla's Optimus, a humanoid robot that is currently under development, using motion-capture technology. People might potentially earn up to Rs 28,000 every day with this opportunity.   <img src="/media_images_files/large/tesla_1298.jpg" alt="" width="669" height="376" />   Elon Musk, the CEO of Tesla, initially presented the idea of Optimus in 2021. He envisioned it as a multipurpose robot that could carry out caregiving duties as well as industrial labor. Tesla has increased its efforts over the past year and hired a large number of employees to help train Optimus using motion-capture suits. The position, "Data Collection Operator," entails walking test routes for more than seven hours a day while donning a virtual reality headset and a motion-capture suit. In addition, the position necessitates generating reports, gathering and analyzing data, and performing light equipment maintenance. Significant physical requirements exist for the role: the employee needs to be between 5'7" and 5'11", able to lift up to 30 lbs, and able to utilize VR equipment for extended periods of time. <img src="/media_images_files/large/tesla_1300.jpg" alt="" width="540" height="514" />   Those who land this Tesla job will not only receive competitive salary but also a plethora of perks starting on the first day of employment, such as retirement benefits, family-building support, and comprehensive medical, dental, and vision coverage. In addition, the corporation provides special benefits including the Tesla Babies program, programs for quitting smoking and losing weight, and a range of insurance choices. This role pays between $25.25 and $48 per hour, or around Rs 2,120 to Rs 4,000 per hour, depending on the candidate's location, experience, and skill set. For individuals looking to work at the forefront of robotics and AI development, this is a lucrative opportunity with potential cash and stock incentives. The employer has also disclosed that there are various shifts involved in the employment. These are from 4:00 PM to 12:30 PM or from 12:00 AM to 8:30 PM. All of the information is available on Tesla's Career page. Please remember that this employment is located in Palo Alto, California, before proceeding. 613 Wed, 21 Aug 2024 00:00:00 +0000 <![CDATA[GST rates for digital news subscriptions will be revised by the finance ministry: Sources]]> gst-rates-for-digital-news-subscriptions-will-be-revised-by-the-finance-ministry-sources-541 Online news subscriptions are subject to an 18% tax under the IGST Act since they are considered Online Information Database Access and Retrieval (OIDAR) services. According to sources, the Finance Ministry is anticipated to examine the rates of goods and services tax (GST) imposed on subscriptions for digital news. According to other sources, the Finance Ministry received a recommendation from the Information and Broadcasting Ministry to lower the GST rate on digital news subscriptions. The internet media sites have been calling for a five percent GST rate instead of the current eighteen percent. According to the Ministry of Information and Broadcasting, lowering the GST on digital news organizations is necessary to prevent a change in their funding model, which will affect the caliber of the stories they produce. September 9, 2024, is the planned date of the Goods and Services Tax (GST) Council meeting in New Delhi. A post on X on August 13th announced the news, saying, "The 54th GST Council Meeting will be held on September 9th, 2024, in New Delhi." At the moment, printed publications, journals, and newspapers are free from the GST. Online information database access and retrieval (OIDAR) services, or internet services without a physical link between the provider and the recipient, are subject to an 18% tax under the IGST Act. This includes subscriptions to online news sources. The subcategory of services for "supply of images, text, and information and making available of databases" includes subscriptions to online news sources. 541 Fri, 16 Aug 2024 00:00:00 +0000 <![CDATA[IMF's Gita Gopinath: India's economy is expected to grow to become the 3rd largest by 2027]]> imf-s-gita-gopinath-india-s-economy-is-expected-to-grow-to-become-the-3rd-largest-by-2027-543 She stated that several reasons have contributed to India's economic growth being better than anticipated in an exclusive interview with India Today. India's growth has exceeded expectations, according to Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), and the organization anticipates that India's GDP will rank third by 2027.   <img src="/media_images_files/large/gdp_1142.jpg" alt="" width="561" height="386" /> The director of news at India Today, Rahul Kanwal, gave an exclusive interview in which she stated that several reasons have contributed to India's better-than-expected economic growth. India's growth in the previous fiscal year exceeded our projections, and those carryover gains are affecting this year's forecast. Gopinath continued, "Another driver is the recovery in private consumption that we are seeing." A favorable monsoon and fresh statistics on FMCG and two-wheeler sales have led the IMF to raise India's GDP estimate for the fiscal year 2024–25 to 7%. <img src="/media_images_files/large/gdp_1143.jpg" alt="" width="554" height="303" />   Compared to the 6.5% estimate provided by the Union government in the economic survey, this is more optimistic. By 2027, India's economy is expected to rank third in the world by the IMF.   "If you looked at the growth in private consumption last year, it was about 4%. We anticipate that to rise, propelled by the revival of rural consumption. We may already observe that if we look at the sales of two-wheelers and other so-called fast moving consumer goods. You're witnessing that resurfacing. We anticipate that the improved monsoons will result in increased yields. And as a result, we should witness a rebound in rural consumption as agricultural incomes rise. Thus, those are the two reasons for our upgrade," Gopinath stated, outlining the rationale behind the IMF's raising of India's growth estimate to 7% for the fiscal year 2024–2025. 543 Fri, 16 Aug 2024 00:00:00 +0000 <![CDATA[Which Government Bank Offers the Highest Interest Rates for Fixed Deposits? Know Here!]]> which-government-bank-offers-the-highest-interest-rates-for-fixed-deposits-know-here-515 The repo rate will remain steady, as decided by the Reserve Bank of India (RBI). Consequently, banks are now providing fixed deposit (FD) interest rates that are higher. This is a great chance to get attractive returns on your fixed-income investments.   Fixed deposits: Several public sector banks (PSUs) have modified the interest rates on their fixed deposit (FD) products within the last two months. Banks including Punjab National Bank, Bank of India, and Union Bank revised their FD rates in August. For FDs with a 333-day duration, Union Bank of India now offers the highest interest rate, up to 7.40 percent annually. Furthermore, super senior citizens (above 80 years old) receive an additional 0.75 percent interest on their FDs, while senior citizens (60 years of age and up) receive an additional 0.50 percent interest.   Interest rates that are offered by different banks on fixed deposits (FDs)   <img src="/media_images_files/large/fd_1094.jpg" alt="" width="554" height="311" /> Special FD from SBI "Amrit Vrishti," a new limited-term fixed deposit (FD) product, has been launched by the State Bank of India (SBI). For FDs with a 444-day term, this scheme offers an alluring interest rate of 7.25 percent annually. You can use the YONO app, SBI bank offices, and online banking to invest in this special FD.   Indian Bank FD   The general public earns 7.30 percent interest under the Bank of India Special Deposit plan, senior persons receive 7.80 percent interest, and super senior citizens receive 7.95 percent interest. For a period of 666 days, senior folks can earn 7.80% interest on a deposit of Rs. 2 crore. Bank of Baroda's Monsoon Offer Bank of Baroda has launched the Monsoon Dhamaka Deposit Scheme, which pays an annual interest rate of 7.25 percent for fixed deposits with a term of 399 days and 7.15 percent for fixed deposits with a tenure of 333 days.     515 Wed, 14 Aug 2024 00:00:00 +0000 <![CDATA[Congress protested on August 22 over the Hindenburg report using a Sebi chief-Adani nexus]]> congress-protested-on-august-22-over-the-hindenburg-report-using-a-sebi-chief-adani-nexus-517 Congress urged a parliamentary investigation into the allegations made by Hindenburg Research against Madhabi Buch, the chief of Sebi, India's stock market regulator. The US short-seller claimed new instances of financial misconduct connected to the Adani Group, as well as conflicts of interest on the part of Sebi.   The Congress on Tuesday declared that the Hindenburg report, which suggested a connection between the Adani Group and the chairman of Sebi, will trigger a mass uprising on August 22. In light of the accusations made by the US short seller, the party is calling for Madhabi Buch to be removed from his position as head of Sebi.   The declaration was made today by Congress leader Jairam Ramesh after a meeting with state heads, incharges, and general secretaries of the party. Mallikarjun Kharge chaired the meeting. We talked about one of the largest scams now taking place in the nation: the Adani and Sebi scam, the Hindenburg disclosures scam, stated Jairam Ramesh.   According to him, the party's leadership has chosen to stir up controversy across the country by calling for a joint parliamentary committee investigation into the purported Adani scam.   We all came to the united decision to launch a national campaign on this subject, calling for two things: first, a JPC investigation into the Adani megascame, in which the Prime Minister is directly implicated, and second, the strengthening of financial market regulation. stated Jairam Ramesh. The Congress has called for a parliamentary investigation into the matter when Hindenburg Research intensified its dispute with Madhabi Buch, the chief of Sebi, the Indian stock market regulator, and claimed conflicts of interest and new financial misconduct connected to the Adani Group.   According to papers leaked by sources, Hindenburg Research has discovered that Madhabi Puri Buch, the head of Sebi, and her spouse held investments in mysterious offshore companies implicated in the Adani money-laundering affair. The US short-seller backed up its allegations with papers from whistleblowers.   Sebi, Madhabi Buch, and her spouse angrily refuted claims that they showed indulgence towards business magnate Gautam Adani and his conglomerate.   The Buchs characterized the accusations as "baseless allegations and insinuations" devoid of veracity in a joint statement. 517 Wed, 14 Aug 2024 00:00:00 +0000 <![CDATA[Why did Raymond's shares drops 40% today? Deets Here!]]> why-did-raymond-s-shares-drops-40-today-deets-here-222 Raymond's shares began at Rs 1,906 on the NSE, a 39.60% decrease from its closing price of Rs 3,156.10 the day before. At the opening of trade on Thursday, shares of Raymond Ltd. suffered a precipitous 40% decline. The shares turned ex-date for the demerger of its lifestyle company, which was the reason for this substantial decline. The value of the stock, deducting the lifestyle business, was being traded. In August or September, the separated and demerged entity will be listed independently on stock exchanges. For every five shares of Raymond that an existing investor has, they will receive four shares of Raymond Lifestyle. The record date for this allocation is today.     <img src="/media_images_files/large/raymond's_436.jfif" alt="" width="560" height="315" /> Raymond's shares fell 39.60% from its closing value of Rs 3,156.10 the day before, opening at Rs 1,906 on the NSE. Throughout the trading session, the stock managed to make a small recovery, closing at Rs 2,009.80, up 3.07% from debut. Raymond Ltd. was valued at Rs 1,415 per share by MOFSL before the corporate action, which included Rs 215 for the engineering business and Rs 1,200 per share for the real estate business. A listing price of Rs 2,930 per share was proposed for the lifestyle company. The lifestyle business's demerger is a component of a bigger scheme. In addition, Raymond plans to demerge its real estate company, a procedure that might take a full year to finish. The engineering business will be the only part of the Raymond corporation that remains after this demerger. Four shares of Raymond Lifestyle are exchanged for every five shares of Raymond in the lifestyle business listing, and one share for every five shares of Raymond in the real estate listing.     According to Arihant Capital Markets, the goal of this action is to create three distinct businesses in order to generate greater value. Of Thane's 100 acres of legacy land, 40 are being developed for the real estate industry. A total of Rs 25,000 crore might be earned over the course of eight years from this development, which has an income potential of Rs 9,000 crore. The remaining land has a potential of Rs 16,000 crore. The existing joint development agreements (JDAs) have a potential revenue of Rs 7,000 crore, which should materialize in the next three to five years. With Rs 500 crore in cash on hand, this company won't need a lot of funding over the next two years. The real estate industry is expected to grow to an annual revenue run rate of Rs 4,000 crore and sustain a steady EBITDA margin of 25% over the next three years. According to Arihant Capital, the company will use the JDA route for future expansion and does not intend to purchase more land. According to Arihant Capital Markets, the engineering company now has a lot of room to grow in the aerospace and defense industries thanks to the acquisition of MPPL. The engineering business brought in Rs 300 crore in revenue with a 25% margin in FY24, while Raymond Engineering's margin was in the mid-to-low teens. "MPPL and Raymond Engineering are two of the unified engineering business's subsidiaries. In three to four years, MPPL, a high-growth, high-margin company, should treble its sales. In five years, Raymond Engineering's income is expected to quadruple as well. With the 'Make in India' push, we expect demand from big businesses like HAL to expand. Additionally, Comac, Boeing, and Airbus all favor them as suppliers," Arihant Capital continued. At Rs 1,982, Rs 1,086, and Rs 499 per share, respectively, InCred Equities calculated the fair worth of the lifestyle, real estate, and engineering businesses. 222 Thu, 11 Jul 2024 00:00:00 +0000 <![CDATA[Delhi Power Companies Raise the Price of Electricity; Details Inside!]]> delhi-power-companies-raise-the-price-of-electricity-details-inside-206 The increase is applicable to locations that are serviced by BSES Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL), two BSES firms. Since May 1, power companies have increased electricity pricing, which has resulted in an increase in electricity costs for many Delhi residents and businesses. The bills that residents are receiving in July clearly show the increase in tariffs. The increase is applicable to locations that are serviced by BSES Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL), two BSES firms. Tata Power Delhi Distribution Limited has not increased its rates; nonetheless, BRPL and BYPL have imposed significant rate increases. A 6.15% increase in tariffs has been implemented for the territories served by BSES Yamuna Power Limited (BYPL). Parts of East and Central Delhi are included in this. BSES Rajdhani Power Limited has implemented a more substantial price hike of 8.75% (BRPL). This affects the people living in West and South Delhi. The increase in electricity tariffs has been justified by the Power Purchase Adjustment Cost (PPAC). This adjustment is meant to make up for the costs power distribution companies suffer when purchasing electricity from power generation companies. The higher costs are subsequently charged to customers' electricity bills. For the power distribution firms in Delhi, the total Power Purchase Adjustment Cost (PPAC) fluctuates from May to July 2024. The largest overall PPAC is 38.75% for NDMC, followed by 37.88% for TPDDL, 37.75% for BYPL, and 35.83% for BRPL. This comprises the current PPAC on past dues as well as additional current PPAC; NDMC, TPDDL, and BRPL each add 8.75% to their current rates, while BYPL adds 6.15%. Beginning on May 1, this tariff rise will be in place for three months. Following this time frame, the Delhi Electricity Regulatory Commission (DERC) will assess the circumstances and, in response to requests from the power corporations, issue additional directives. The cost of power has increased for those living in the impacted areas. Many people find this rise to be burdensome, particularly in the summer when using air conditioning and other cooling devices tends to increase electricity use. It is noteworthy that the power costs of Tata Power Delhi Distribution Limited, which provides service to other areas of Delhi, have not been increased. For the time being, residents in these locations won't notice any changes to their electricity rates. Many Delhi households now have higher bills due to BRPL and BYPL's recent increases in electricity pricing, which coincided with an increase in the demand for power supplies. Although the duration of this hike is presently three months, DERC's future actions will decide how much the city's electricity rates will rise over time. 206 Wed, 10 Jul 2024 00:00:00 +0000 <![CDATA[Want to see how much money is in your PF account? These are 4 easy steps]]> want-to-see-how-much-money-is-in-your-pf-account-these-are-4-easy-steps-187 Check your PF balance: You may find out your PF balance at any time; you don't have to wait for your employer to send you your PF statement at the end of the year. These four fast methods can help you check your balance. PF account balance: Workers who make contributions to their Employees' Provident Fund (EPF) account don't have to wait for their employer to send out the yearly EPF statement; instead, they can easily check their EPF balance online. In accordance with EPFO regulations, a monthly PF account is funded with 12% of an employee's basic salary and dearness allowance (DA), plus an additional 12% from the employer. 3.67 percent of the company's contribution is placed in the PF account, while the remaining 8.33 percent is designated for the pension plan. Employees can promptly check the balance of their PF account using a variety of techniques. Here are four simple methods for getting this data. Text THIS number with an SMS. By texting 7738299899, you can find out the most recent contribution amount and the balance of your EPF account. To obtain your PF balance details via SMS, type "EPFOHO UAN ENG" into your registered cellphone number and submit the message. The word "ENG" stands for English; however, if you would rather have the information in a different language, simply substitute the first three letters of the language you choose (for example, "HIN" for Hindi) for "ENG." You may easily and quickly get the facts of your EPF account by using our straightforward SMS service. Make a missed call using THIS number. To find out the specifics of your PF balance, place a missed call from your registered mobile number to 9966044425. You will receive messages from EPFO with your PF account balance after making the missed call. You may easily and quickly keep track of the status of your EPF account with this method. Taking Use of EPFO Portal Go to the "Employees" area of the EPFO website to check your EPF balance online. After selecting "Member Passbook," you'll be asked to enter your password and UAN. After logging in, you may view your PF passbook, which shows the amount of interest deposited, any PF transfers, the opening and closing balances, and the contributions made by the employer and employee. A thorough overview of your EPF account, including your current balance, is given via this extensive passbook. Using the UMANG App Moreover, you can use your smartphone to download the UMANG app and monitor your PF balance. To give residents access to a variety of government services in one location, the government launched the UMANG app. Users can track their claims, examine their EPF passbook, and submit claims using this app. Just input your phone number in the app and finish the one-time registration to utilize these services. This facilitates easy access to and management of your EPF account. To access your PF balance, download the UMANG app, register, and choose the EPFO option. 187 Tue, 09 Jul 2024 00:00:00 +0000 <![CDATA[Prices of gold and silver Today: A drop in precious metals on MCX]]> prices-of-gold-and-silver-today-a-drop-in-precious-metals-on-mcx-169 Gold Price Today July 8, 2024: On Monday, the Multi Commodity Exchange (MCX) saw lower-level trade for both gold and silver. Here are the most recent city-specific costs. On Monday, July 8, 2024, the prices of gold and silver decreased on the Multi Commodity Exchange (MCX). On the MCX, gold futures maturing on August 5, 2024, were trading at Rs 72,980 per 10 kilos after slightly declining by Rs 71, or 0.10 percent. At Rs 73,051, the previous closure was noted. Likewise, on September 5, 2024, maturing silver futures saw a decline of Rs 142, or 0.15 percent, and were trading at Rs 93,412 per kg on the MCX compared to the previous close of Rs 93,554. PRICES IN MAJOR CITIES FOR GOLD AND SILVER   <table style="height: 181px; width: 532px;"> <tbody> <tr style="height: 17px;"> <td style="width: 148.516px; height: 17px; text-align: center;">CITY</td> <td style="width: 229.336px; height: 17px; text-align: center;"> GOLD  (per 1 grams, 22 carats)  </td> <td style="width: 133.164px; height: 17px; text-align: center;">SILVER (per kg)</td> </tr> <tr style="height: 17px;"> <td style="width: 148.516px; height: 17px; text-align: center;">NEW DELHI</td> <td style="width: 229.336px; height: 17px; text-align: center;">Rs 6,760</td> <td style="width: 133.164px; height: 17px; text-align: center;">Rs 95,000</td> </tr> <tr style="height: 17px;"> <td style="width: 148.516px; height: 17px; text-align: center;">MUMBAI</td> <td style="width: 229.336px; height: 17px; text-align: center;">Rs 6,745</td> <td style="width: 133.164px; height: 17px; text-align: center;">Rs 95,000</td> </tr> <tr style="height: 17px;"> <td style="width: 148.516px; height: 17px; text-align: center;">KOLKATA</td> <td style="width: 229.336px; height: 17px; text-align: center;">Rs 6,745</td> <td style="width: 133.164px; height: 17px; text-align: center;">Rs 95,000</td> </tr> <tr style="height: 17.8594px;"> <td style="width: 148.516px; height: 17.8594px; text-align: center;">CHENNAI</td> <td style="width: 229.336px; height: 17.8594px; text-align: center;">Rs 6,800</td> <td style="width: 133.164px; height: 17.8594px; text-align: center;">Rs 99,500</td> </tr> </tbody> </table>   One of the numerous factors influencing the price of gold and silver in India is the rupee's value in respect to the US dollar. The trends in the price of precious metals are largely determined by global demand. 169 Mon, 08 Jul 2024 00:00:00 +0000 <![CDATA[ITR filing 2024: How to Select the Correct Income Tax Return Form? Check types of forms]]> itr-filing-2024-how-to-select-the-correct-income-tax-return-form-check-types-of-forms-127 Income Tax Return Filing Deadline: July 31 is the deadline for filing your income tax return. To give yourself enough time to make any necessary revisions, file it as soon as feasible rather than waiting until the last minute.   Income Tax Return Filing: As an individual taxpayer, you must file your Income Tax Return (ITR) by July 31st, regardless of whether you work for a living or run your own company. The Income Tax Department has simplified the process of filing an income tax return. It's easy to file it yourself if you'd like to. It's critical that you comprehend the income tax return form. It will be easier if you know which ITR form is right for you.   Check the forms' types and their uses. Form ITR-1 Residents whose total income for the financial year does not surpass Rs 50 lakh are eligible to file Form ITR 1. This form is appropriate for people who make up to Rs 5,000 from agriculture, one house property, other sources of income (such as interest), and a salary. Income from other sources specifically includes interest from bank, post office, and cooperative society deposits; savings account interest; income tax refunds; enhanced compensation; any other interest income; and family pension.   Form ITR-2 Individuals and HUFs who do not have income from business or professional profits and gains should file Form ITR 2. This means they should utilize Form ITR 2 if their income is not from employment or other business-related activities. In essence, Form ITR 2 must be filed by people who are not qualified to file ITR-1. Form ITR 3 Form ITR 3 is used for income tax returns by individuals and HUFs whose source of income is profits and gains from their business or occupation.   ITR Form 4 Form ITR 4 is required for individuals, HUFs, and firms (excluding LLPs) that are residents and whose total income is up to Rs 50 lakh. It is also required for those whose income from business and profession is calculated under section 44AD, 44ADA, or 44AE, as well as those whose agricultural income is up to Rs 5,000. This information is stated on the official website of the Income Tax Department.   Form ITR-5 Form ITR 5 must be filed with the income tax return by individuals, HUFs, businesses, and other persons besides the one filing Form ITR-7. ITR 6 Form Form ITR 6 must be filed, according to the official website, for businesses that are not seeking section 11 exemption.   ITR-7 Form Form ITR 7 must be filed by people, including businesses, who are only required to provide returns under sections 139(4A), 139(4B), 139(4C), or 139(4D).   127 Fri, 05 Jul 2024 00:00:00 +0000 <![CDATA[Hindenburg Research gets a show cause notice from SEBI in Adani Group case; a US firm calls it "nonsense"]]> hindenburg-research-gets-a-show-cause-notice-from-sebi-in-adani-group-case-a-us-firm-calls-it-nonsense-101 The Adani Group was charged with illegal activities and manipulating share prices in the Hindenburg Research study. Adani-Hindenburg dispute: In the Adani Group issue, India's capital market regulator, the Securities and Exchange Board of India (SEBI), reportedly served the US-based short seller Hindenburg Research with a show-cause notice. According to Hindenburg, the notice details alleged regulatory infractions by the short seller in India. The Adani Group was shocked by the Hindenburg report's accusations of accounting fraud and stock market manipulation last year. Hindenburg calls notification  "nonsense" Hindenburg said the show cause notice is 'nonsense' and an attempt to intimidate and silence anyone who exposes corruption and fraud committed by the most powerful individuals in India. The company stated: To achieve a specific goal—to intimidate and silence those who reveal corruption and fraud done by the most powerful people in India—we are posting this letter in its full. To be perfectly honest, we think it's ludicrous. The New York-based company said in a statement that it had disclosed that it was short on Adani (i.e., it had expected a decline in the value of the stock and traded on it) at the time of publishing the report that claimed a "brazen stock manipulation and accounting fraud scheme over decades" at the Adani group. Although it quickly added that it might "barely come out above breakeven" on its bet, it revealed that Kotak Bank had established and managed an offshore fund structure that its "investor partner" had utilized to go against the company. Hindenburg stated it made USD 4.1 million in gross revenue through "gains related to Adani shorts from that investor relationship" and only USD 31,000 through its short position of the US bonds issued by the conglomerate, without disclosing the investor's identity. The Adani Group has consistently refuted every accusation. SEBI's claims regarding the Hindenburg report were vague. Following a 1.5-year inquiry, SEBI found no factual errors in our Adani research. Rather, the regulator objected to our use of the word scandal to describe several previous cases in which Indian regulators had charged Adani promoters with fraud and our citation of a person who claimed SEBI is dishonest and colludes 'hand in glove' with companies such as Adani to circumvent regulations," the statement read. The market watchdog SEBI was alleged to have made "nebulous allegations that our report contained misrepresentations and inaccurate statements meant to mislead readers" in the report. Some of the questions addressed by the show cause notice, according to the US company, are as follows: "Did Hindenburg work with many entities to short Adani, making hundreds of millions of dollars? No, we only have one investing partner, and after costs, our Adani short might not even break. It stated that although our work on Adani was never financially or personally justified, it is by far the work of which we are most proud. Hindenburg reported that on June 27, it received an email from SEBI and then a show cause notice detailing alleged regulatory infractions in India. Hindenburg-Adani row In a damning report released on January 24, 2023, Hindenburg Research accused the Adani Group of blatantly manipulating stock prices and engaging in accounting fraud. This caused a stock market meltdown that, at its lowest point, destroyed around USD 150 billion from the group firms' market worth. The US-based short seller Hindenburg Research made claims against the Adani group, but the Supreme Court rejected the formation of a SIT in February and stated that market regulator SEBI will carry out further investigation. Chief Justice D Y Chandrachud, Justices J B Pardiwala and Manoj Misra, and other members of the bench declared that they could not control SEBI's investigative authority. The Apex court further declared that there hasn't been any hard evidence shown against Gautam Adani up to this point. In twenty-two of the twenty-four cases involving accusations against the Adani group, SEBI has concluded its investigation. The top court further declared that the case's facts did not support giving the investigation over to a Special Investigation Team (SIT) or other investigative body. 101 Thu, 04 Jul 2024 00:00:00 +0000 <![CDATA[RBI Confirms 97.87% of Rs 2,000 banknotes continue to be legal]]> rbi-confirms-97-87-of-rs-2-000-banknotes-continue-to-be-legal-111 The existing Rs 1000 and Rs 500 banknotes were replaced in November 2016 with the introduction of the Rs 2000 banknotes.   The RBI reported on Monday (July 1) that the total value of Rs 2000 banknotes in circulation has decreased to Rs 7581 crores at the close of business on June 28, 2024, from Rs 3.56 lakh crores at the close of business on May 19, 2023, when the removal of Rs 2000 banknotes was announced. As of May 19, 2023, 97.87 percent of the Rs 2,000 banknotes that were in circulation had been returned. The RBI stated that the Rs 2000 banknotes are still valid forms of payment. At the close of business on May 19, 2023, the total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore. By the end of June 28, 2024, that amount had dropped to Rs 7,581 crore. "Therefore, as of May 19, 2023, 97.87 percent of the Rs 2000 banknotes in circulation have been returned," the central bank stated in a statement. Up until October 7, 2023, the Rs 2000 banknote deposit and/or exchange service was offered at all bank branches nationwide. Since May 19, 2023, the Reserve Bank's 19 issuing offices have offered the ability to swap Rs 2000 banknotes. In addition, RBI issuing offices will begin accepting Rs 2000 banknotes from people and entities on October 9, 2023, for deposit into bank accounts. Additionally, the public is using India Post to deliver Rs 2000 banknotes to any RBI issuance office from any post office in the nation in order to have the money credited to their bank accounts. The following 19 RBI offices are located in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. These offices also handle the currency and deposit of banknotes. After the then-current Rs. 1000 and Rs. 500 banknotes were demonetised, the Rs. 2000 banknotes were issued in November 2016. 111 Thu, 04 Jul 2024 00:00:00 +0000