Department Financial News

Yes Bank on Saturday said it has received a demand notice of Rs 2,209 crore for the assessment year 2019-20. The said assessment year was reopened by the income-tax department in April 2023, Yes Bank said in a regulatory filing. The reassessment order was passed by the National Faceless Assessment Unit of the income-tax department on March 28, wherein no additional disallowances or additions were made, that is, the grounds on which the reassessment proceedings were initiated have been dropped, it said. Thus, the total income that was assessed in the original assessment order passed under section 144 of the Income Tax Act has remained unchanged in the reassessment order and consequently, no demand should have been raised against the bank, it said.

trade talks in New Delhi as part of efforts to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. Representatives of India's Department of Commerce and the Office of the U.S. Trade Representative held meeting in the national capital for four days beginning March 26 as a follow up to the two countries agreeing to expand bilateral trade to reach USD 500 billion by 2030, including through the conclusion of a Bilateral Trade Agreement (BTA). A Commerce and Industry Ministry release said that in order to realize the shared objective of promoting growth that ensures fairness, national security and job creation, both sides have through four-days of discussions in New Delhi broadly come to an understanding on the next steps towards a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA), with the goal to finalize its first tranche by fall 2025. Sectoral expert level engagements under the BTA will start virtually in the coming weeks and pave the path for an early negotiating round in person. «During these discussions the two sides also had a productive exchange of views on deepening bilateral cooperation in priority areas including increasing market access, reducing tariff and non-tariff barriers and deepening supply chain integration in a mutually beneficial manner,» the release said.

attacks in Syria during the Eid el-Fitr holiday, which marks the end of Ramadan. According to a report by AP, Eid could begin in Syria on Sunday, depending on the sighting of the new moon. Syrian authorities have said they arrested several militant cells in recent weeks. These groups were allegedly planning attacks in different parts of the country. Since Islamist insurgents from Hayat Tahrir al-Sham (HTS) removed President Bashar Assad from power in December, Syria's security situation has been unstable. The US State Department issued a travel warning, saying possible attacks could target embassies, international organisations, and Syrian government buildings in Damascus. Although the Islamic State group was largely defeated in Syria in 2019, its sleeper cells are still active. They have claimed responsibility for multiple attacks, mainly in the northeast, which is controlled by US-backed Kurdish-led fighters.

Elon Musk has a lot on his mind. In a candid interview with Fox News’ Bret Baier, the tech billionaire and head of the Department of Government Efficiency (DOGE) warned about the dangers of a declining birth rate and America’s role in holding up Western civilisation. He described the issue as existential, warning that without intervention, civilization could collapse.

Customs officials seized exotic wildlife, including including king snakes, monitor lizards and turtles, at Biju Patnaik International Airport (BPIA) in Bhubaneshwar on Saturday. The seized wildlife were concealed in chocolate boxes and were being smuggled from Thailand capital, Bangkok. They were being taken to Chennai, Injeet Kumar Mohanty, a Customs official engaged at the airport, told PTI. The luggage of a person from Chennai was searched after officials received a tip-off. Following the search, seizures were made, he said, adding the passenger was detained and was being questioned. As many as nine California king snakes, 10 pig nose turtles and 12 Nile monitor lizards were seized, of which three lizards were dead, he said. The wildlife species have been handed over to the forest department.

The incident occurred around 5.30 am when a fire broke out in a shanty. It soon spread to other shanties in the area.

Maihar district administration has banned the purchase and sale of meat, fish, and eggs within the limits of Maihar Nagar Palika during the Navratri festival from March 30 to April 7. Sub-Divisional Magistrate (SDM), Maihar, Vikas Kumar Singh, issued an order for the purpose on Friday under section 163 of Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023, which grants the power to issue immediate preventive orders in urgent cases of nuisance or apprehended danger. «I, Vikas Kumar Singh, Sub-Divisional Magistrate, Maihar, hereby, using the powers conferred under Section 163 of the BNSS 2023, completely ban the purchase and sale of meat, fish and eggs in the entire Maihar Nagar Palika from March 30, 2025 to midnight of April 7, 2025,» the order read. It further emphasised that the person violating the order would be liable to punishment under section 223 of the Bharatiya Naya Sahita (BNS) 2023 (disobedience to order duly promulgated by a public servant). The order also highlighted that Maa Sharday Chaitra Navratri Mela would be organized in Maihar district from March 30 to April 7. Maihar has been declared a religious city by the Madhya Pradesh Tourism Department and lakhs of devotees come to Maihar every day from across the country to seek blessings of Maa Sharda.

Elon Musk, in an interview with Fox News, claimed that his companies are “suffering” due to his involvement in the government. He emphasised that his role in the government puts him at a disadvantage, not an advantage. “If I wasn’t in the government, I could lobby. I could push for things that are advantageous to my company and probably get it,” he clarified. Musk heads the Department of Government Efficiency (DOGE), an advisory body set up by President Trump to cut the federal workforce and eliminate wasteful spending. Concerns about potential conflicts of interest have grown, given his private businesses alongside his government role and its impact on official decisions.

DGIPR) will identify and address factually incorrect news in print, electronic, and digital media.

Catch all Bihar Board 10th Result 2025 LIVE updates hereWhile announcing the BSEB Class 10 result date and time, BSEB Chairman Anand Kishore said that Education Department minister Sunil Kumar will be declaring the Bihar board matric result on March 29, Saturday. Bihar Education Department's Additional Chief Secretary S Siddharth will also be present during the BSEB result announcement.The Bihar board conducted the Class 10 exam between February 17 and 25.

A federal judge on Friday ordered the Consumer Financial Protection Bureau's leadership, appointed by President Donald Trump, to halt its campaign to dismantle the agency.

As the Department of Government Efficiency (DOGE) cuts federal jobs, many MAGA supporters are experiencing the consequences firsthand. Some people are now questioning their support for Trump. Despite voting for Donald Trump, she now regrets her decision, as thousands of government employees, many of whom are MAGA supporters, have been laid off.

Trump administration moved to invalidate contracts between a swath of US government agencies and the largest federal union representing their employees, in a sweeping attack on collective bargaining rights as the president aims to lay off government workers. In a lawsuit by the justice department, the defense department and other US agencies, the administration said collective bargaining agreements reached with local chapters of the American Federation of Government Employees (AFGE) before Donald Trump took office are impeding his efforts to reform the government and pose a threat to national security. The legal move late Thursday came shortly after the US President signed an executive order directing agencies across the executive branch to cease collective bargaining with federal unions. According to AFGE's website, the union represents represents over 820,000 workers in nearly every agency of the federal and DC governments, spread across over 900 local unions.

Vikram Sarabhai Space Centre (VSSC) signed an agreement with the National Aerospace Laboratories (NAL) to develop T800 — a high-strength carbon fibre for space launch vehicles — a parliamentary committee has criticised the failed and abandoned project. The Public Accounts Committee (PAC) noted the shift in policy on critical raw materials, from focusing on indigenous development due to embargo concerns in 2006, to abandoning the project in 2019 after ISRO was removed from the restricted list. The PAC has called on the Department of Space to reassess India's requirements for strategic materials and formulate policies to ensure the indigenous development of critical materials and technologies.

Airport Economic Regulatory Authority (AERA) hasn’t allowed Delhi Airport to increase charges on domestic departing passengers from Rs 129 for the period of 2024-2029. The GMR group-owned airport had sought higher User Development Fee (UDF) ranging from from Rs405 to Rs 610 depending on peak hours and non-peak hours. UDF is a fee levied by operators to recover the expense they have incurred upgrading infrastructure at airports. A Parliamentary Affairs Committee had earlier expressed their dissatisfaction over “arbitrary” rise in user development fees (UDF) and ticket prices, arguing that the existing framework lacks mechanisms to hold private operators accountable.

Withers has spent the past six years at PBIM, after a 25 year stint at Rathbones. In his new role, Withers will «become the proverbial ‘poacher turned gamekeeper'», he explained. 7IM CIO Martyn Surguy departs amid firm's strategic review PBIM's chief executive Philip Gent said: «PBIM is in a very pleasing ‘growth' phase which has seen the business and investment team expand significantly over the past 12 months. „We have doubled the number of investment managers and further bolstered our financial planning arm.“  Recently, the firm has seen a spate of incomings with Liz Kunzl...

Department of Health and Human Services (HHS) as a part of a sweeping restructuring. Going by the White House estimates, the move — along with voluntary resignations — will shrink the department's workforce of 80,000 to about 60,000. Moreover, the HHS is also consolidating its 28 agency divisions into 15 new sections, including a new Administration for a Healthy America, to help carry out Kennedy's Make America Healthy Again agenda. «We aren't just reducing bureaucratic sprawl,» said Kennedy. «We are realigning the organization with its core mission and our new priorities in reversing the chronic disease epidemic.» ALSO READ: US health department to cut 10,000 jobs as Robert F. Kennedy Jr announces overhaul in latest DOGE push

money laundering case against Bihar IAS officer Sanjeev Hans. The raids were launched on Thursday at seven locations in Patna. The federal probe agency said in a statement that it searched the premises of Tarini Das, chief engineer of Bihar Construction Department (BCD); Mumukshu Chaudhary, joint secretary in Bihar government's finance department; and Umesh Kumar Singh, executive engineer of Urban Development and Housing Dept. (UDHD) among others. Raids were also conducted against Ayaz Ahmed, Deputy Project Director of Bihar Urban Infrastructure Development Corporation Ltd. (BUIDCO); Sagar Jaiswal, DGM (Projects) of Bihar Medical Services and Infrastructure Corporation Ltd. (BMSICL); Vikash Jha, DGM of BMSICL; and Saket Kumar, Executive Engineer in the Bihar Construction Department (BCD). It claimed that these officials were the «recipients» of bribe money to give «favourable» outcomes in several tenders as well as clearance of bills of various contractors including that of a Patna-based contractor named Rishu Shree. None of the officials or their legal representatives could be contacted for their response on the ED action and the charges made against them.

Elon Musk has revealed the date he plans to 'ditch US President Donald Trump' and leave Washington DC after his DOGE purge of Federal departments. The Tesla CEO sat down with key members of his DOGE team to discuss the work his team has carried out for the first few months of Trump's administration. Elon Musk plans to step down from his cost-cutting role in the Trump administration at the end of May after reducing the US deficit by $1 trillion, the tech billionaire said on Thursday, according to The Fox News. Musk, 54, expressed confidence in getting close to that goal, which would halve the annual federal deficit, in just 130 days — saying his team was averaging “$4 billion a day, every day, seven days a week.” ALSO READ: Myanmar earthquake: Emergency declared in Bangkok; Thailand's stock exchange suspends trading