Department Financial News

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday said his government is working towards restoring the lost brand image of Andhra Pradesh. Addressing the state after hoisting the national flag here on the 78th Independence Day, the Chief Minister alleged that Andhra Pradesh regressed 30 years under the previous YSRCP regime. «The rulers (YSRCP govt) who came to power under the pretext of one chance had created devastation of unheard proportions. They destroyed the systems and projected victims as culprits to make a mockery of democracy,» said Naidu. Claiming that the southern state incurred a huge loss under the YSRCP government than the bifurcation of the united state, he said the TDP-led government is following the principle of simple and effective governance to undo those losses. According to Naidu, the TDP government is striving to bring back the companies which had cancelled their agreements and exited the state.

Karnataka and the Centre as the state health and medical education departments have decided to shut down Jan Aushadhi outlets in state government hospitals. This decision could add to the ongoing tensions between the state and Centre over various issues. Jan Aushadhi outlets provide quality generic drugs at affordable rates under the Centre's Pradhan Mantri Jan Aushadhi scheme. Currently, these outlets operate at a limited number of government facilities, including KC General Hospital in Bengaluru. However, health department officials have indicated plans to close them soon. This decision might aggravate existing disputes over authority over HMT Ltd land, repairs of the Tungabhadra dam crest gate, and Karnataka's share of the devolution of taxes. The Karnataka BJP has announced plans to launch an agitation in response to this decision. On the other hand, Congress functionaries argue that government hospitals offer medicines for free and that having Jan Aushadhi outlets on the premises could lead to corruption. Despite this, government officials clarified that they are not against Jan Aushadhi outlets located outside hospital premises.

The recent budget presented by the finance minister saw a spurt of adverse commentary on the proposals relating to capital gains transactions, particularly with reference to the removal of indexation benefits. In response, the government partially restored the benefits to a segment of taxpayers.

RG Kar Medical College & Hospital at midnight with police taking refuge inside bathrooms and seeking help from nurses, the nurses of RG Kar Medical College & Hospital said on Thursday morning after they started protest demanding their safety and security. At least 18 departments, including Emergency department, ICU and HDU and even store room, male wards and bathrooms were vandalized and CCTV cameras were broken, sources told ET. Nurses protested vandalism from today morning as goons rampaged inside the wards at the state-run RG Kar Medical College and Hospital in Calcutta on Thursday morning, hours after unidentified miscreants ransacked medical establishments where a Medical PG student was raped and murdered last week. Nursing staff sits for protest seeking their safety and security. «Emergency department was completely rampaged. The medical equipment broken and the ICU attacked and several departments were vandalized. They are not in a state to provide services,» people in the know told ET.

Spencer will officially take on the role this month, ahead of Bradshaw's retirement at the end of this year after more than seven years leading the team.  Having joined the firm in 2008, Spencer currently serves as global head of the investment counsellor group, which is responsible for servicing institutional clients and investment consultants globally.  Janus Henderson head of UK retail Simon Hillenbrand departs In his new role, he will focus on UK advisers and explore opportunities to expand Orbis's reach to a broader UK client base. The firm said he and Bradshaw have been «w...

Former IMF chief economist Kenneth Rogoff discusses the state of the economy following the July CPI report.

Google was found last week to have violated antitrust law by illegally maintaining a monopoly in internet search. Now discussions over how to fix those violations have begun. Justice Department officials are considering what remedies to ask a federal judge to order against the search giant, said three people with knowledge of the deliberations involving the agency and state attorneys general who helped to bring the case. They are discussing various proposals, including breaking off parts of Google, such as its Chrome browser or Android smartphone operating system, two of the people said. Other scenarios under consideration include forcing Google to make its data available to rivals, or mandating that it abandon deals that made its search engine the default option on devices like the iPhone, said the people, who declined to be identified because the process is confidential. The government is meeting with other companies and experts to discuss their proposals for limiting Google's power, the people said.

Antony Blinken, extended wishes to India on the occasion of the 78th Independence Day on Thursday. Blinken said that the US celebrates the 'rich and diverse history' of the Indian people on the country's Independence Day, which is celebrated on August 15 every year. «On behalf of the United States of America, I congratulate the people of India as they celebrate the anniversary of their country's independence on August 15. On this momentous day, we celebrate the rich and diverse history of the Indian people and the bright future of US-Indian relations,» Blinken said in a press statement, according to the US Department of State.

inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday's report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. Measured from a year earlier, prices rose 2.9%, down from 3% in June. It was the mildest year-over-year inflation figure since March 2021.

Katy Perry has found himself in the midst of a brewing controversy after Spanish government authorities launched an inquest into the allegedly unauthorised Ibiza shoot. The regional government is investigating the video for her latest song, 'Lifetimes', for the clips in which the 39-year-old American singer and songwriter appears jumping and running across dunes of the Ses Salines Natural Park, a protected area on the islands of Ibiza and Formentera, apparently without permission. In her new music video, Katy Perry pretends to be one of the thousands of tourists having the time of their lives on Spain's Balearic Islands in the Mediterranean. But some parts, filmed in a protected natural enclave, could get her into trouble.

A panel has laid out specifics designed to bring numerous North Carolina state government agencies together to improve outcomes for prisoners when they are released, leading to reduced recidivism

Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

Hedge fund Elliott Management is escalating its fight against the management of Southwest Airlines

US Government is currently on the brink of going on an all-out war against Google, due to the antitrust case that involved a landmark ruling by a federal court, which claimed that the major tech corporation tried to monopolize the online search market by handing payouts to device manufacturers like Samsung and Apple, in a bid to make Google Search the default search engine on the respective manufactured devices.

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates. The consumer price index (CPI) rose 2.9 percent last month from a year ago, the Labor Department said in a statement, while a measure that strips out volatile food and energy costs cooled to an annual rate of 3.2 percent. This was slightly lower than the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

NGT) has said that only the Centre can decide whether constructing a «strong» battalion infrastructure in a reserve forest area would impact the issue of conservation of forests. The green panel was hearing a plea alleging that Assam's forest department had illegally diverted 28 hectares of reserve forest for the establishment of the 2nd Assam Commando Battalion in the Assam-Nagaland interstate border area of Geleky Reserve Forest in Sibsagar district. It also alleged that unauthorised permission was granted by the then Principal Chief Conservator of Forests (PCCF) M K Yadava, who «misused his power and position to divert a large part of the forest area» without taking consent from the Union Ministry of Environment, Forests and Climate Change (MoEF&CC). In an order passed on August 9, the eastern bench of the NGT comprising judicial member Justice Sheo Kumar Singh and expert member Arun Kumar Verma noted that an affidavit was filed by the present PCCF, stating the construction of the forest battalion was an «activity for forest conservation and management» and while undertaking it, no trees were felled.

FS Investments chief market strategist Troy Gayeski provides his outlook for the markets, the banking sector and a possible rate cut.  

The other day, I was sitting withtwo of myfriends—one a consultant and the other an employee—when the conversation turned to taxes. My colleague, an employee, was surprised to learn that he had been paying a professional tax of ₹200 every month, automatically deducted from his salary by his employer. The consultant, on the other hand, was fully aware of this tax, as he had to handle the payments himself.

In the name of consumer protection, a slew of U.S. federal agencies are working to make it easier for Americans to click the unsubscribe button for unwanted memberships and recurring payment services

Andhra Pradesh government is set to initiate the first-ever skill and industry census to gauge the state's labour force profile and create linkages between the unemployed youth and industry. The state-wide census will capture the demography with social and economic details of over 1.6 crore households. The exercise would be first initiated through a pilot project in one mandal (smallest administrative unit) and one educational institution towards the end of September. After the data is collected and cleaned up, the state government will initiate a state-wide census in January 2025. A highly-placed state government source told ET, «The census will take about 12 months. After this, the data will be cleaned and collated.»