Department Financial News

The Department of Atomic Energy and Tata Consulting Engineers are redesigning the PHWRs to develop the Bharat Small Modular Reactor. «We are going to take the old design of the PHWR and then reconfigure and redesign it to be modular, scalable and safety-aligned to post-Fukushima standards,» Amit Sharma, the managing director and CEO of Tata Consulting Engineers, told PTI.

income tax return for FY 2023-24 (AY 2024-25) for individuals not liable for tax audit, expired on July 31, 2024. If you have missed filing your ITR by July 31, 2024, you can file a belated ITR by paying a penalty. According to the Income tax department's press release dated August 2, 2024, more than 7.28 crore (7,28,80,318) ITRs for FY 2023-24 (AY 2024-25) were filed till July 31, 2024. However, according to the latest data on the income tax e-filing portal, about 7.4 crore (7,42,75,307) income tax returns (ITRs) were filed as of August 22, 2024, at 3.06 pm. Source: Income tax e-filing ITR portal as on August 22, 2024, 3.06 pm

Delhi government will soon be issuing directions to solve the parking situation in the national capital with provisions for user needs, including pedestrians, and emergency vehicles, officials said. Delhi Lt Governor V K Saxena recently held a meeting with the transport and other departments and issued directions to decongest the national capital. The directions include finalising area-specific parking plans, or APPs, and prioritising users' needs in future parking plans, such as those of pedestrians, cyclists, differently-abled access, emergency vehicles, public transit, and parking needs for schools and other public institutions.

Travelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.

The telecom regulator's ambitious project to deploy blockchain for a first-of-its-kind use case of checking spam through telecom channels-SMS and voice-has had multiple setbacks since its deployment started in 2020. Price wars among telecom companies, a lack of seriousness among enterprise senders of commercial messages, and evolving tactics among spammers are helping spam continue largely unabated while blocking some genuine messages to customers. Back in March 2021, nearly 50%, or 370 million, commercial messages, including OTPs, failed to deliver when the template filtering system was first implemented. Another such disruption-albeit not of that scale-is expected to occur from September 1 when weblinks filtering will go live. ET explains the regulations and their impact over the years. What are TCCCPR Regulations? Back in 2018, the Telecom Regulatory Authority of India (Trai) overhauled the primitive anti-spam regulations to bring in the Telecom Commercial Communication Customer Preference Regulation (TCCCPR) 2018.

village was buzzing with activity on Saturday as athletes from 168 delegations were settling into their temporary home, preparing for their upcoming competitions. The village, nestled in the northern suburbs of Paris, in the Seine-Saint-Denis department, closed its doors on Aug. 13 after the conclusion of the Olympic Games, giving organizers a week to make necessary adjustments for the upcoming Paralympics. Laurent Michaud, head of the Paralympic Village, discussed the rapid yet meticulous transformation. The village had been built with inclusivity in mind from the start, but this final week was crucial for fine-tuning details to ensure that every aspect was perfectly suited to the para-athletes' needs.

artificial intelligence can enable Indians — even those who do not have a technical background — to solve the country’s most pressing problems, according to Mercedes Soria, executive vice-president and chief intelligence officer at US robotics security company Knightscope. “Now, all we have to worry about is, are we solving the right problem,” said Soria, who was on an India visit to share her expertise on machine learning and AI. Soria is a speaker for the United States Department of State on technology and women in STEM (science, technology, engineering, mathematics). “In the future, it’s not going to be so much that you have to be technical to have a startup and solve a problem. It’s going to be more of, do you identify the right problem to solve, and then the technology like Gen AI will help you,” she said. Problems can be solved even by those who can’t write a single line of code, she added. This is a ‘massive opportunity’ for India with its large population and unique local issues. Young people in India, including high schoolers, are very familiar with and using tools like ChatGPT, whereas in the US this is seen more among those in university, Soria noted.

Supreme Court has agreed to look into the retrospective applicability of a provision in the Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax Act, 2015, under which the revenue department can initiate criminal prosecution against businesspeople for violations that were allegedly committed much before the law came into force. A bench led by Justice Abhay S Oka, while issuing notices to various businessmen, stayed the Karnataka High Court's June judgment that held retrospective applicability of section 72 of the 2015 Act as unconstitutional. The apex court posted the matter for further hearing on September 20. On June 7, the high court had held that criminal prosecution initiated for acts done prior to the enactment of the law were not valid under Article 20 of the Constitution. The order was pronounced in the case of Dhanashree Ravindra Pandit.

Delhi. Not so much because of the rain, but because it has caused residents to drown to death, from those attempting to walk through flooded roads to unfortunate IAS candidates caught off guard by a sudden flood in their coaching center's basement library. In fact, new waterlogging zones have recently emerged in almost every part of the city, from Zakhira in West Delhi to Satya Niketan off Dhaula Kuan to the SPA-Kotla road axis to the posh Golf Links Road and Lutyens bungalows, which found themselves in nearly knee-deep water this rainy season. The looming question is whether this is due to the high rainfall levels alone, or if it is a man-made disaster unfolding in the capital, exacerbated by the AAP government's decade-long political slugfest with the Centre?

India's telcos have set 3-year deadline to grab a 10% share of all future 6G-related global patents filings and also make a sixth of contributions towards development of global telecom standards. The proposal came up during a meeting of the telecom department's advisory panel with telcos that was chaired by communications minister Jyotiraditya Scindia Friday. «India has already taken various initiatives like launch of Bhart6G Vision and Bhart6G Alliance, patent and IPR support framework, commissioning of testbeds, and the country can aspire for achieving 10% of all 6G patents and 1/6th contributions to global standards promoting India's needs,» the communications ministry said in a statement Saturday.

Sanctuary Wealth has strengthened its advisory network in the eastern US as a four-person breakaway team makes a leap for independence.

Narendra Modi's BJP came to power. As then-secretary, Department of Industrial Policy and Promotion (Dipp), Kant was presiding over a stakeholder discussion on whether multi-brand retail should be allowed in India. Over a decade since, Piyush Goyal has, yet again, highlighted his government's concerns over the growth of ecommerce in India — that there will be social disruption, there is predatory pricing in ecommerce, and the number of mobile stores in the country has declined over the past 10 years. He is concerned — and rightly so — about the fate of millions of small retailers and kirana stores in the country. The point that I made to Kant in 2014 still stands: ecommerce offers consumers a much wider variety of products, whether coloured socks, numbered swimming goggles or air-purifiers. It benefits both sellers and buyers. Customers in Tier-2 and -3 towns access a wider variety of products online, without relying on someone to go to a metro to purchase it. Sellers find buyers across the country.

Union telecom minister Jyotiraditya Scindia in second advisory committee meeting with telecom operators on Friday asked them to take lead in the development of 6G technology. According to sources, who were present in the meeting, telecom operators reiterated their old demand of easing right of way permits, rationalisation of power tariffs and lowering of levies in the meeting. «Had a productive meeting with the Advisory Group of Telecom Service providers. Discussed issues pertaining to quality of services, India's 6G vision and promoting research and development to take our sector to new heights of development,» Scindia said on social media platform X. Minister of State for Communications, Pemmasani Chandra Sekhar, Telecom Secretary Neeraj Mittal, Digital Communications Commission member (Finance) Manish Sinha and other senior officials from the Department of Telecom were present at the meeting.

NITI Aayog has constituted four technical inter-ministerial committees on standards, storage, transportation and utilization of carbon dioxide as India gears up to become net zero by 2070, the Aayog said. “The committees are tasked with preparing a robust policy framework to address the challenges related to Carbon Capture Utilization and Storage (CCUS) implementation in India, including technology readiness, high upfront capital costs, lack of infrastructure for its transportation transportation and storage, regulatory gaps, and public acceptance issues,” it said in a statement issued on Friday. The Aayog, in collaboration with US Department of State’s Bureau of Energy Resources organised a two-day workshop on the legal and regulatory frameworks and technical considerations for Carbon Capture Utilization and Storage (CCUS) which ended on Friday.

trainee pilot and his instructor, who were on board the two-seater aircraft, were found in the Chandil dam on Thursday. «The missing Cessna-152 aircraft is still traceless,» Sub-Divisional Magistrate of Chandil Subhra Rani told PTI. An Indian Navy team, that began its search on Thursday, continued the operation on Friday but without success.

Nagaland government has hinted at Partial Lifting of Liquor Prohibition Law. State cabinet meeting on Thursday hinted at partial lifting of the Nagaland Liquor Total Prohibition Act, 1989 and the matter is likely to be discussed during the Nagaland Monsoon Assembly session. Nagaland is a Christianity dominated state. Spokesperson of the Nagaland Government and Minister for Power & Parliamentary Affairs, K.G. Kenye said, “The government is likely to revisit the issue. And depending on the majority of the members the government might bring up this case in the state assembly for some amendments.”

Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro among others will be in focus due to various news developments. Ambuja Cements The Adani Group is likely to sell a 2.84% stake in Ambuja Cements on Friday through a block deal to raise around Rs 4,200 crore, ET reported.

The number of Americans filing for unemployment benefits rose modestly last week, but remains at healthy levels Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday

Grypotyphlops acutus, for the first time in the city. For herpetologist Robin Suyesh, assistant professor, department of environmental sciences, Sri Venkateswara College, University of Delhi, herping is an activity that needs to be done with low expectations. “It’s an exercise in patience," says Suyesh, 38, on the phone.

unemployment benefits rose in the latest week, but the level still suggested a gradual cooling of the labor market remains intact. Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 232,000 for the week ended Aug. 17, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. The latest data should continue to allay fears that the labor market is rapidly deteriorating, first raised after a much sharper than expected slowdown in job gains in July, which also saw the unemployment rate rise to a post-pandemic high of 4.3%.

Digital Commerce (ONDC), the aggregator platform that runs on open-source technology, is set to launch insurance and mutual fund products in the next two months and will partner MasterCard for credit cards. ONDC also launched six-minute digital loans that will offer unsecured credit to salaried and non-salaried customers. “We have deployed a Marine app, one insurer and two more are coming,” said T Koshy, CEO, ONDC. “For health (insurance) also, we are live, but the partner doesn’t have the licence. The motor (insurance) should happen in the next month or so. And MF will go live next month. We want to hit the 100-200 transactions first.”