County Union Financial News

Enforcement Directorate (ED) decides who joins which party and who becomes a minister, according to a report published by the news agency ANI. “..Misuse of Election Commission and all Central agencies is happening. NCP Chief Sharad Pawar said that the ED decides who joins which party and it also decides who becomes a minister.

Lionel Messi, the Argentine superstar who recently joined Inter Miami, continues to shine, driving his team's impressive performance. Inter Miami secured a spot in the CONCACAF Leagues Cup final with a convincing 4-1 victory over Philadelphia Union on Tuesday. This achievement puts the club in contention for its first championship in four seasons of participation.

Income Tax department on Wednesday prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing rule 11UACA for calculating income with respect to the sum received upon maturity of life insurance policies wherein the amount of premiums exceed Rs 5 lakh and such policy/policies are issued on or after April 1, 2023. According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year. For premiums beyond this limit, the proceeds will be added to the income and taxed at applicable rates. The change in tax provision with regard to life insurance policies, except ULIP, was announced in the Union Budget 2023-24.

Union Cabinet approving the 'PM Vishwakarma' scheme, Prime Minister Narendra Modi on Wednesday said the initiative will celebrate traditional artisans and crafts people, both from rural and urban India. The Union Cabinet on Wednesday approved the 'PM Vishwakarma' scheme with a financial outlay of Rs 13,000 crore for a period of five years that will benefit about 30 lakh families of traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers and barbers.

grievances have been redressed by different states in July, with Sikkim being the topper in disposing maximum number of complaints in the north east, an official statement issued on Wednesday said. Sikkim is followed by Assam and Arunachal Pradesh, it said. The ranking has been released by the Department of Administrative Reforms and Public Grievances (DARPG) in its 12th monthly report of Centralised Public Grievance Redressal and Monitoring System (CPGRAMS) for states for July, 2023.

Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy

Americans increased their purchases at retailers last month – for clothing, dining out, sporting goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy

India's population growth and economic development requires robust infrastructure in roads, railways, aviation & ports etc. There has been emphasis on balanced development in all sectors of infrastructure whether it is roads, railways, ports, real estate, water, aviation, energy or even buildings of national importance. India on cusp of returning to high growth trajectory, will become world’s third largest economy by 2027-28 as mentioned by Arvind Panagariya, Eminent economist.

As many as 107 stocks in the BSE 500 index are trading atleast 20% down from their 52-week highs. Eight stocks have corrected more than 50% from their respective 52-week highs, and three of the biggest losers in this list are Adani Group firms — Adani Green Energy, Adani Energy Solutions, and Adani Total Gas. These stocks were down 62-84% from their 52-week highs.

New Delhi: The union ministry of finance has increased the windfall tax on sale of locally produced crude oil to ₹7,100 per tonne. For the past two weeks, the windfall tax on domestically produced crude oil was ₹4,250 per tonne. The increase would come into effect from 15 August.

Lionel Messi's soccer prowess persists as the Leagues Cup unfolds in the US. The quarterfinal clash of Leagues Cup on Friday will witness Inter Miami CF hosting Charlotte FC at the DRV PNK Stadium in Fort Lauderdale, Florida. With the virtuoso goal-scoring abilities of Messi still shining brightly, Inter Miami has embarked on an impressive journey within the MLS-Liga MX amalgamated tournament. Across four matches, Messi has netted an impressive tally of seven goals. Of notable mention is Inter Miami's Round of 16 victory achieved through a penalty shootout against FC Dallas in Frisco, Texas. This showdown marked Messi's inaugural away game with Inter Miami and resonated with excitement. An 85th-minute free-kick goal by Messi fittingly capped Miami's second-half resurgence. The voyage for Leagues Cup supremacy continues for Inter Miami as they face off against an unexpected quarterfinal contender, Charlotte FC.

A new ferry line for commerce moving through Central America began operating Thursday, directly connecting El Salvador and Costa Rica to the exclusion of Nicaragua and Honduras

Q1 results today: Indian stock market ended lower on Thursday after hawkish looking RBI MPC meeting outcome. Apart from this, US inflation data for the month of July 2023 went up but remained at moderate levels.

New Delhi: The union ministry of power has made changes to the technical requirements for bidding of high voltage direct current (HVDC) transmission systems through tariff based competitive bidding (TBCB) route. Through the amendment, government has raise the requisite period of experience in the infrastructure to 10 years from 5 years. The minimum individual project experience would be ₹100 crore.

Narendra Modi is scheduled to reply to questions in relation to the no confidence motion brought against his government with regards to the Manipur crisis in the Lok Sabha by Opposition MP from Assam and Congress leader Gaurav Gogoi. Rathore during his speech in the Lok Sabha alleged that during the 2008 Beijing Olympics, where he was present, Sonia Gandhi and Rahul Gandhi were supposed to meet the athletes. The BJP politician furtjer alleged that the Gandhi duo did not meet them and instead ‘met the Communist Party of China’.

The inaugural chairman of the $15 billion National Reconstruction Fund, Labor’s primary vehicle to reboot domestic manufacturing, says he aims to lure back investment dollars that would otherwise flow to Joe Biden’s vast clean industry program.

port dispute, including a commitment by employers to train workers to perform maintenance on new equipment.Contracting out of maintenance work to third parties had been one of the most contentious issues during the months-long dispute between the International Longshore and Warehouse Union Canada and the BC Maritime Employers Association.The four-year agreement also contains several terms about workers’ compensation.They include increases in the “Modernization and Mechanization retirement lump sum,” bringing that payout to $96,250 in 2026 for eligible retirees, over and above normal pension entitlements.The union representing about 7,400 workers said last Friday its members voted almost 75 per cent in favour of ratifying the new deal, ending a dispute that included a 13-day strike and halted movement of cargo worth billions.The deal features general wage increases of five per cent annually for the next two years, and four per cent for the two years after that.Those raises will boost hourly wages to a base rate of $57.51 by 2026.The new terms commit employers to “provide appropriate training to Journeyman Tradesperson … on how to perform regular maintenance work (within) the scope of their trade on new equipment and existing equipment.”

Do you know who Hugh McCulloch was? Don’t feel bad. Almost no one else remembers him either. Yet here in America’s hidebound capital, where power sometimes takes the shape of a rectangular gilded frame, two federal agencies are squabbling over the 143-year-old portrait of a long-dead public servant so obscure he’s more like Who McCulloch to Americans today.

BSF Director General Nitin Agrawal on Tuesday visited the International Border in the Samba district of Jammu and Kashmir and was briefed about the alertness of the troops to thwart drone and smuggling activities from Pakistan, an official said. Agrawal arrived at the Jammu frontier headquarters of the force on Monday on a three-day visit to review the security scenario along the International Border in the Union Territory, a BSF spokesperson said.

British Columbia’s port workers have voted almost 75% in favor of a contract offer, ending weeks of turbulent job action that stopped billions of dollars’ worth of goods from being shipped in Canada

Lok Sabha on Monday passed the Digital Personal Data Protection Bill, 2023 which lays down the obligations of entities handling and processing data as well as the rights of individuals. The bill proposes a maximum penalty of Rs 250 crore and minimum of Rs 50 crore on entities violating the norms. The norms will apply to personal data collected within India from data principals online, and personal data collected offline, but subsequently digitised. It will also apply to such processing outside India if it is for offering goods or services to individuals in India. Union Communications, Electronics and Information Technology Minister Ashwini Vaishnaw had tabled the bill in the lower house on August 3. Opposition had demanded that it should be sent to the standing committee for scrutiny. While moving the bill, Vaishnaw had rejected suggestions that it was a money bill saying it was a «normal bill». The bill provides for the processing of digital personal data in a manner “that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes”.