All posts tagged: deposits

MK Stalin deposits Rs 5000 to 131 crore women ahead of Tamil Nadu polls

MK Stalin deposits Rs 5000 to 131 crore women ahead of Tamil Nadu polls

Published by Webster

Tamil Nadu Chief Minister M K Stalin on Friday said his government has deposited Rs 5,000 each to 1.31 crore women beneficiaries of a government’s women entitlement scheme, a move coming months ahead of the Assembly polls that led to the opposition parties flaying his move as “fear of defeat at the hustings.” Also, the Chief Minister announced to double the monthly grant to Rs 2,000 if his DMK party was voted to power in the upcoming Assembly election. Noting that Rs 5,000 has been directly deposited into the bank accounts of the beneficiaries of the Kalaignar Women’s Entitlement scheme, he said, “You would have received R5,000 this morning. I have decided to provide the sum in view of an attempt (by vested interests) to freeze the scheme, citing upcoming elections.” So, in order to counter the move to prevent the women from receiving the monthly financial assistance due for them, he had decided to provide the sum for three months from February and in addition provide Rs 2,000 to meet their expenses during summer, …

Budget should announce tax relief on bank deposits, insurance, pensions: SBI

Budget should announce tax relief on bank deposits, insurance, pensions: SBI

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The central government in the upcoming Union Budget 2026 should announce reforms across taxation, insurance and pension sectors to boost household financial savings, reduce compliance challenges and improve social security coverage in the country, highlighted a report by State Bank of India (SBI) The report highlighted that bank deposits as a share of household financial savings have declined from 38.7 per cent in FY24 to 35.2 per cent in FY25. To encourage savings through the banking system, SBI suggested tax relief measures for depositors. It said that the tax treatment for interest income on bank deposits should be brought at par with long-term and short-term capital gains (LTCG and STCG). It stated, “To boost financial savings: (a) tax treatment for interest on deposits should be at par with LTCG and STCG” The report also recommended that the lock-in period for tax-saving fixed deposits should be reduced to three years, making it equal to Equity Linked Savings Schemes (ELSS) of mutual funds, to improve deposit mobilisation. In addition, SBI suggested removal of TDS on savings bank …

Congress gets duck again, party loses deposits in 67 seats in Delhi Assembly Elections 2025 – India TV

Congress gets duck again, party loses deposits in 67 seats in Delhi Assembly Elections 2025 – India TV

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Image Source : PTI Congress chief Mallikarjun Kharge (L) and senior party leader Rahul Gandhi. Delhi Election Results 2025: The Congress party’s decline in Delhi continues unabated as it has once again failed to win a single seat in the 2025 Assembly Elections. This marks a hat trick of electoral wipeouts, with the grand old party drawing a blank for the third consecutive time in Delhi Assembly elections. Despite contesting all 70 seats, the party’s candidates lost their deposits on 67 of them in a huge poll debacle. The three seats where the party managed to save its deposits are Badli, Kasturba Nagar and Nangloi Jat.  However, the party witnessed a slight increase in vote share, rising from 4.26% in 2020 to 6.4% this year. Despite contesting all 70 seats, Congress managed to save its deposit on only three—Badli, Kasturba Nagar, and Nangloi Jat, reflecting its continued decline from the 15-year dominance under Sheila Dikshit (1998-2013). Where did Congress save its deposit? Badli Seat – Delhi Congress President Devender Yadav secured 41,071 votes (27% vote share) …

Robin Uthappa responds to arrest warrant issued in alleged EPF deposits fraud – India TV

Robin Uthappa responds to arrest warrant issued in alleged EPF deposits fraud – India TV

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Image Source : ROBIN UTHAPPA/INSTAGRAM Robin Uthappa. Robin Uthappa has finally responded to the arrest warrant that was issued against him in connection with an alleged EPF (Employee Provident Fund) deposit fraud. Taking to Instagram and X, Uthappa clarified that he neither had an “active executive role” nor was he involved in the “day-to-day operations” of the businesses in question. For the unversed an arrest warrant was issued against the former India cricketer for allegedly not depositing provident fund amounts into the accounts of his employees after deducting the same from their salaries as a director of Centaurus Lifestyle Brands Private Limited. “In light of recent news of the PF case against me, I would like to provide some clarification with regards to my involvement with Strawberry Lencería Pvt. Ltd., Centaurus Lifestyle Brands Pvt. Ltd., and Berryz Fashion House,” Uthappa posted on Instagram and X. “In 2018-19, I was appointed as a director in these companies due to my financial contributions to them in the form of loans. However, I did not have an active …

NASA’s Curiosity Rover Set to Target Spiderweb-Like ‘Boxworks Deposits’ on Mars’ Surface

NASA’s Curiosity Rover Set to Target Spiderweb-Like ‘Boxworks Deposits’ on Mars’ Surface

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NASA’s Curiosity rover is gearing up for a fresh phase of exploration on Mars, targeting a striking patch of surface features resembling spiderwebs. These structures, referred to as “boxwork deposits,” extend over an area of 10 to 20 kilometres and are believed to hold clues about the Red Planet’s ancient water systems, according to reports from NASA’s Jet Propulsion Laboratory (JPL). The investigation is expected to offer critical insights into Mars’ potential to have supported life in its distant past. Insights from Boxwork Features The rover recently concluded its exploration of Gediz Vallis, a channel on Mount Sharp’s slopes within Gale Crater, where it spent the last year. The JPL revealed that the region provided significant findings, including the discovery of pure sulphur crystals and wave-like rock formations, suggesting an ancient lake once existed there. A 360-degree panoramic image taken by the rover marked the completion of this leg of the mission. Boxwork formations, according to a Live Science report, form when mineral-rich water fills rock crevices, hardens, and later erodes. Kirsten Siebach, a Curiosity …

China Unearths Massive Gold Deposits That Could Be the Largest in the World

China Unearths Massive Gold Deposits That Could Be the Largest in the World

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A significant gold deposit has been discovered in China’s Hunan Province, with experts estimating its value at approximately £66 billion. The find, reported by the Geological Bureau of Hunan Province (GBHP) on November 20, 2024, is being described as one of the largest known reserves of the precious metal. Located in the Wangu gold field, the deposit is believed to contain up to 1,100 metric tonnes of gold, making it potentially the largest single stockpile globally, according to mining specialists. Discovery Details and Potential Report indicates that more than 40 gold veins were identified during drilling operations at depths of 2,000 metres. Visible gold was observed in many of the rock cores retrieved, with some sections recording a quality of up to 138 grams of gold per metric tonne of ore. Mining experts predict that the deposit could extend to depths of 3,000 metres, based on advanced 3D modelling conducted during the exploration phase. Chen Rulin, an ore-prospecting expert at GBHP, noted during a statement to Chinese state media that the deposit represents an exceptional …

NCPOR Scientists Embark on Third Voyage to Indian Ocean as Search for Massive Mineral Deposits Continues

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Last year in November, NCPOR signed a Rs 118 crore contract with Norway-based company Argeo for their specialised research vessel Argeo Searcher. (News18) News18 exclusively spoke with CEO of Norway-based Argeo, Trond F Crantz, about the specialised mission involving a 7-metre-long AUV to survey these sites at a depth of 5,000 metres in deep-sea Scientists from Goa-based National Centre for Polar and Ocean Research (NCPOR) have embarked on their third voyage to the Indian Ocean aboard Argeo Searcher this May. The mission is aimed at locating hidden treasures of critical mineral deposits under the government’s Deep Ocean Mission. The team will spend a month at sea surveying the 15 sites where scientists expect to find polymetallic sulphide deposits. These are sources of critical minerals like Copper, Zinc, Manganese and Nickel, and are found near the naturally existing Hydrothermal Vents in the deep sea at a depth of almost 5,000 metres. “This is our third team which is going out to do the deep-sea survey and mapping since we started our expeditions this February. Typically, each …

Opp candidates should lose deposits so there is peace forever: Bhupendra Patel | Elections News

Published by Parlour News

Claiming that for the first time, the public enmasse has clarity on who to vote for in the Lok Sabha polls, Chief Minister Bhupendra Patel on Saturday urged voters to ensure a lead so massive for the BJP candidate that all Opposition nominees lose their deposits and there is no “magajmari” (brainstorming) in the next elections.He was speaking at a ‘Modi Parivar Sabha’, an election meeting organised at BJP MLA Hardik Patel’s Assembly constituency of Viramgam in Ahmedabad district, which is a part of the Surendranagar Lok Sabha seat. Referring to BJP’s election slogan ‘Abki baar 400 par’, Patel termed it as a Jan Andolan (people’s movement), where the voters “themselves want the party win to cross 400 seats”. In an indirect reference to Opposition leaders. including chief ministers jailed in various cases, he went on to say, “Earlier, before an election, we would ask what scam has been unearthed, today, we are asking which scammer has been sent (to jail) for a scam.” The gathering saw Hardik and Surendranagar BJP candidate Chandubhai Shihora in …

Paytm Payments Bank’s deadline to stop deposits extended till March 15 | Business News

Published by Parlour News

The Reserve Bank of India (RBI) has extended the deadline given to Paytm Payments Bank to stop deposits, credit transactions and top-ups in customer accounts by 15 more more days, till March 15. The central bank also asked Paytm to facilitate seamless withdrawal of customer deposits parked with partner banks. Earlier this month, the RBI had barred Paytm Payments Bank from accepting deposits or top-ups in any of its key products — customer accounts, prepaid instruments, wallets, FASTags and National Common Mobility Card (NCMC) among others — after February 29 in the wake of “persistent non-compliances and material supervisory concerns”. The RBI decision essentially bars Paytm Payments Bank from offering all its core services — including accounts and wallets — from March, effectively crippling the company’s business. Given the significant customer base of Paytm — once the poster boy of India’s fintech revolution — this could impact a large number of customers. Paytm has been facing RBI scrutiny since 2018. While the RBI did not specify the reasons for the latest action, sources in the …

RBI Restricts Paytm Payments Bank From Taking New Deposits, Credit Transactions

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The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns. An audit report revealed “persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action,” the central bank said in a release. Paytm Payments Bank will not be allowed to take further deposits in any customer accounts after February 29, the RBI said. It added that no credit transactions will be allowed either, including via wallets. The withdrawal or utilisation of balances by its customers will be permitted without restrictions, the central bank said. Last month, One 97 Communications, parent of Paytm, confirmed a “slight reduction” in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied media reports at that time that suggested the non-bank lender could cut more than 1,000 roles. “We will be able to save 10-15 percent in employee costs as Artificial Intelligence (AI) has delivered more than we …