Department Financial News

Black and other minority farmers are set to receive more than $2 billion in federal aid in response to decades of discrimination by the U.S. Department of Agriculture

Gov. Maura Healey says she is pressing Steward Health Care to adhere to a state Department of Public Health regulation that hospital owners must give 120 days notice before any medical facility can close in Massachusetts

The Environmental Protection Agency is issuing an emergency fuel waiver to help alleviate shortages in four states whose gasoline supplies have been impacted by the shutdown of an ExxonMobil refinery in Illinois

A Montenegrin appeals court has upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy

Families of some of the people killed in Boeing Max crashes are asking a judge to reject a plea agreement that the aircraft maker struck with the prosecutors

Khalid Sheikh Mohammed, accused as the main plotter in al-Qaeda’s Sept. 11, 2001, attacks on the United States, has agreed to plead guilty, the Defense Department said Wednesday, pointing to a long-delayed resolution in an attack that altered the course of the United States and much of the Middle East.

Infosys acknowledged the receipt of a notice for alleged evasion of over Rs 32,000 crore ($3.8 billion) in integrated goods and services tax (IGST), the IT major said it has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice. In a late exchange filing on Thursday, the Bengaluru-based IT firm said, “The Company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the Company to submit further response to DGGI central authority on this matter.” The development comes after a hue and cry raised by industry leaders and association post the media reports of a GST demand on Infosys. Earlier in the day, industry body, nasscom said that the recent episode reflects GST enforcement mechanism’s lack of understanding of IT industry operating model. It added that it is not a case of ‘import of service’ by the head office from the branch, as made out to be.

Supreme Court has sought response from the government, the Directorate General of Foreign Trade (DGFT), National Cooperative Exports Ltd and others on a plea challenging validity of two notifications prohibiting the export of non-basmati white rice since July 20. The petitioner, Rika Global Impex Ltd, has also challenged the DGFT's notification of September last year allowing export of 75,000 MT of non-basmati white rice to the United Arab Emirates only through the National Co-operative Exports Ltd. A Bench led by Justice B.V. Nagarathna also issued notice to the customs department on Rika’s petition alleging that the notifications were «ultra vires» to the Foreign Trade Policy, 2023 and liable to be set aside on account of «doctrine of legitimate expectation.”

unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor market, though claims tend to be volatile around this time of the year. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 249,000 for the week ended July 27, the highest level since August last year, the Labor Department said on Thursday. Economists polled by Reuters had forecast 236,000 claims for the latest week. Claims have been on an upward trend since June, with part of the rise blamed on volatility related to temporary motor vehicle plant shutdowns for retooling and disruptions caused by Hurricane Beryl in Texas.

National Institute of Technology, Rourkela has secured an average pay packet of Rs 12.89 lakh per annum (lpa), with students of its flagship B Tech programme bagging an average salary of Rs 14.05 lpa.

income tax (I-T) notices loom over the next one month amid fears that many could slip through the tax net.

A deadly food poisoning outbreak has led to the recall of more than 7 million pounds of popular Boar’s Head deli meats made at a plant in Virginia

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown this month

Pay and benefits for America’s workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve

spectrum in the mid-band can be taken away from the broadcasting sector and allocated to telecom operators for 5G services, people in the know said. This would not only help meet the 5G needs of the telcos but would also generate revenue for the government as the airwaves would be auctioned.

The owners of twelve Pennsylvania casinos are asking the state’s highest court to declare that a tax on slot machine revenue is unconstitutional because the state doesn’t impose it broadly on cash-paying electronic game terminals known as skill games t...

coaching institutes in West Delhi and South Delhi zones making the total tally reach 35 since Sunday, according to civic body officials. The MCD on Wednesday sealed three basements of coaching institutes in West Delhi and two in South Delhi zones in action against establishments using the basements for commercial purposes.

Renée Ballard, has just received a significant update. According to Variety, John Carroll Lynch has been cast as a series regular in the show. Lynch will play the role of Thomas Laffont, a retired police partner who returns to assist Ballard in managing the newly established Cold Case Department.

Kuki MLAs skipped the Manipur Assembly session which started on Wednesday, the Manipur government stated there are 226 deaths since the violence broke out on May 3 however district wise breakup cannot be given as the information is sensitive in nature.

rainfall in Delhi and surrounding NCR regions has led to significant disruptions. The India Meteorological Department (IMD) has issued a red alert for the area, effective until 9 PM today. The alert warns of ongoing severe weather conditions with potential impacts on transportation and daily activities.