Department Financial News

24.07 / 17:41

FIVE Gap WhatsApp Southern Bill Universities Department YSRCP govt liquor policies led to financial loss of Rs 18,860 cr : AP CM Chandrababu Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday alleged that the liquor policies introduced by the previous YSRCP regime have caused a loss of Rs 18,860 crore to the state exchequer in the last five years. Releasing a white paper on excise policies in the assembly, the Chief Minister noted that the southern state saw a liquor income gap of Rs 42,762 crore in the past five years when compared to neighbouring Telangana.

24.07 / 16:15

Target Citizens country reports travelers Department US revises travel advisory for India; says don't travel to Manipur, J&K, India-Pak border and Central & East India

Jammu and Kashmir, the India-Pakistan border, and parts of central and eastern parts of the country where Naxalites are active. In a revised travel advisory for India, the State Department said it has updated to reflect information on the northeastern states.

24.07 / 16:01

security ICE awards Research Simulation innovations Department Raksha Rajya Mantri visits DRDO, learns about collaborations with private sector and MSMEs

24.07 / 12:44

Provident security Wildlife information Department rights MP govt refuses RTI info on Project Cheetah

Madhya Pradesh forest department has refused to provide information under the Right to Information Act on management of cheetahs brought from Africa and their cubs born in India. In response to a request filed by wildlife activist Ajay Dubey, the department cited Section 8(1)(a) of the RTI Act, which allows a public authority to withhold information if its disclosure would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific, or economic interests of the State, relations with a foreign State, or lead to the incitement of an offence.

24.07 / 12:27

Provident security Interface cover information Department rights Open banking needs better risk controls to ensure fintechs keep your money safe

With last week’s rumour about the political demise of Finance Minister Chrystia Freeland proven greatly exaggerated, advocates of open banking in Canada can breathe a sigh of relief that this project won’t be derailed by changes to cabinet.

24.07 / 12:12

Citi Action hospital reports Department Investigations International No wrongdoing found in issuance of locomotor disability certificate to Khedkar: Hospital authorities

Pune, which had issued a seven per cent locomotor disability certificate to IAS probationer Puja Khedkar, has found in its internal probe that the document was as per the rules and there was no wrongdoing in its issuance, a senior official said on Wednesday.

24.07 / 11:54

UPS Provident Action community information Department All departments asked to identify backlog reserved vacancies: Govt

central government ministries and departments have been asked to form an in-house committee for the identification of backlog reserved vacancies and fill them through special recruitment drives, the Lok Sabha was informed on Wednesday. In a written reply, Minister of State for Personnel Jitendra Singh said the occurrence and filling of vacancies, along with backlog reserved vacancies, is a continuous process.

24.07 / 11:01

UPS Provident FIVE Booking show Department Budget 2024 reduces time limit for ITR reassessment, gives compliance relief to taxpayers with foreign assets

MUMBAI: Union finance minister Nirmala Sitharaman has reduced the time limit for reopening old income tax returns (ITRs) for reassessment.

24.07 / 10:51

FIVE Continental Department Fund manager Hugh Cuthbert departs SVM Asset Management after 18 years

Cuthbert, who was the lead manager of the SVM Continental Europe fund until the end of March 2024 and co-manager of SVM All Europe SRI fund, had worked with SVM since 2006. Prior to joining the SVM, he spent five years with Kempen Capital Management (later rebranded as Van Lanschot Kempen) managing the firm's pan-European equities. UK-domiciled fixed income funds hit by £1.9bn outflows in June Following Cuthbert's departure, Neil Veitch, investment director at River Global, will continue to manage the SVM All Europe SRI fund, along with James Sym. Over the past three years, SVM ...

24.07 / 09:38

WhatsApp Department 35 private sector specialists appointed in central govt depts since 2018: Centre

private sector specialists have been appointed in different central government departments through the lateral entry mode, the Centre said on Wednesday. The lateral recruitment, at the levels of joint secretary, director and deputy secretary in central government, has been undertaken since 2018 to appoint persons for specific assignments, keeping in view their specialised knowledge and expertise in the domain area, Union Minister of State for Personnel Jitendra Singh said.

24.07 / 09:23

markets COST UPS social Department prevention Indexation benefit removal in real estate will deter sellers in the secondary market

real estate sector has cautioned the government that the proposal to remove indexation benefits for long-term capital gains in real estate will hurt the growth of the sector.

24.07 / 08:00

Booking economy Discover War reports Department US banks to begin reporting Russian assets for eventual forfeiture under new law

The Treasury Department is ordering the nation’s banking industry to start disclosing its holdings of Russian assets, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy

24.07 / 07:30

markets UPS security Nikkei President Justice Department China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

China’s Baosteel says it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million

24.07 / 07:27

Provident Airlines track Department rights Updates Investigations US is investigating Delta's flight cancellations and faltering response to global tech outage

U.S. airline regulators have opened an investigation into Delta Air Lines, which is still struggling to restore operations on Tuesday, more than four full days after a faulty software update caused technological havoc worldwide and disrupted global air...

24.07 / 03:26

Citi FIVE Waters Yellow isolate Department Heavy rain brings relief to Delhi-NCR: More showers expected

Delhi-NCR experienced a heavy spell of rain, bringing much-needed relief from the persistent humid weather. The India Meteorological Department (IMD) issued a yellow alert for the national capital and surrounding areas, indicating the possibility of more showers throughout the day. A yellow alert signifies heavy rainfall between 6 cm and 11 cm.

23.07 / 20:58

UPS FIVE Career security reports Department Barred broker arrested in Ohio for $1 million alleged fraud

A former broker with 28 years of experience in the securities industry was arrested Sunday in Mercer County, Ohio, and was indicted on 96 criminal counts for allegedly defrauding Ohioans out of more than $1 million, according to a statement yesterday from the Ohio Department of Commerce.

23.07 / 18:19

Citi Yellow WhatsApp Department IMD issues yellow alert for rainfall in Delhi over next 2 days

temperature of 36.2 degrees Celsius, 1.3 notches above normal, according to the weather department The relative humidity at 5.30 pm stood at 68 per cent. The city will be on «yellow» alert for the next two days, the IMD said. The weather office has forecast moderate rainfall for Wednesday, with the maximum and minimum temperatures likely to hover around 34 and 26 degrees Celsius, respectively. The Air Quality Index (AQI) of the national capital was recorded in the «satisfactory » category with a reading of 93 at 6 pm, according to the Central Pollution Control Board.

23.07 / 14:55

Digital Action Align reports Department Courts Budget 2024: Land and labour the focus of next generation of reforms

Mint earlier reported that the budget may introduce digital cards for farmers with geo-tagging, containing their land details. These actions will facilitate credit flow and other agricultural services, as per the finance minister's budget speech. The linking of land and farmer registries to help credit flow into agriculture aligns with the suggestions made by chief economic advisor V.

23.07 / 14:40

Provident Waters WhatsApp Department sanitizer Budget 2024-25: Drinking water and sanitation department gets a mere 0.5 pc boost

Drinking Water and Sanitation has received a budgetary allocation of Rs 77,390.68 crores for the fiscal year 2024-2025. This figure reflects a minimal increase of only 0.5 per cent from the revised estimate of Rs 77,032.65 crore announced in budget 2023-2024.

23.07 / 12:59

Target Research Universities Department Budget 2024: Agri-research? Yes, but where is the money?

₹9,941 crore (budget estimate or BE) for 2024-25. This is barely any improvement over the ₹9,877 crore spent in 2023-24 (revised estimate or RE). The budget for apex research institutions which include the Indian Council for Agricultural Research (ICAR), central agricultural universities and the National Academy for Agricultural Sciences (NAAS) is ₹7,103 crore for 2024-25, lower than the ₹7,248 crore spent last year.

23.07 / 08:02

FIVE CEO Department Julius Baer appoints Goldman Sachs EMEA private wealth co-head as CEO

The Swiss private bank said on Tuesday (23 July) that Bollinger, who has been picked for the top job following a «comprehensive search», will start his role no later than 1 February 2025. Based in London, Bollinger is a partner at Goldman Sachs and a member of the firm's European Management Committee and of the Global Wealth Operating group. He has worked at the bank for nearly two decades, including five years in his current role. Bollinger joined Goldman Sachs in 2004 and has been a partner for 14 years. Julius Baer CEO departs after private credit write-down contributes to 52% ...

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