Department Financial News

Subscribe to enjoy similar stories. India has been playing nice with America’s Donald Trump administration. So too with EV-maker Tesla and the satellite services arm of SpaceX, both led by Elon Musk, who is widely seen as President Trump’s confidant, a billionaire shaking up the US by taking a chainsaw to its government under the Department of Government Efficiency.

Subscribe to enjoy similar stories. Three judges from three different high courts will investigate the case of a pile of half-burnt currency notes found at the residence of Delhi high court judge Justice Yashwant Verma. Meanwhile, Verma has been relieved of his duties.

left ventricular assist devices (LVADs), which help the heart pump blood, people familiar with the matter told ET. This will help patients with end-stage heart failure as they wait for a donor heart. According to government estimates, every year, some 50,000 patients in India need a heart transplant, but only about 200 such operations are done because of shortage of donor hearts. The average wait time for a heart transplant is about 36 months. Also, an imported LVAD could cost anywhere between ₹70 lakh and ₹1 crore. Surgery and post-treatment care are added expenses.

Jessica Aber, the former U.S. Attorney for the Eastern District of Virginia, on Sunday found dead at her home in Virginia. She was 43-year-old, as per a report. The cause of death, which will be declared by Virginia medical examiner, is yet to be ascertained, Independent reported. Aber was nominated to the Attorney for the Eastern District of Virginia by former President Joe Biden during his tenure, according to the Independent report. Aber resigned a day before President Donald Trump was sworn in for the second time in January. “I’ve had the privilege of spending my career as a prosecutor in the Eastern District of Virginia working alongside talented, hard-working public servants who manage matters affecting citizens here and across the world,” said Aber in the January statement of her resignation. Aber’s time in office was not without its challenges. The Eastern District of Virginia, often referred to as the «Rocket Docket» due to its efficient handling of cases, was tasked with an increasing number of complex and high-stakes cases.

Himanta Biswa Sarma held a meeting at the Chief Minister’s Secretariat in Dibrugarh with officials from the Public Works (Building) Department and the Medical College authorities to review the proposed residential colony project for Assam Medical College and Hospital (AMCH). The project, aimed at infrastructural development, is set to be constructed at an estimated cost of Rs 300 crore. It may be noted that the project involves the replacement of existing residential quarters with new accommodations designated for the Principal, Vice-Principal, senior and junior faculty members, GNM staff, and students, alongside housing for third- and fourth-grade employees. Additionally, the plan includes the construction of a convention centre and the provision of other essential facilities. During the meeting, the Chief Minister assessed the broader environment of AMCH and examined the architectural plans for the proposed residential colony. He emphasised the necessity of incorporating modern amenities within the housing units. Furthermore, he instructed the relevant departments to ensure that provisions for future expansion and development are integrated into the planning process.

Subscribe to enjoy similar stories. Magrathea Metals Chief Executive Alex Grant. The startup has started emphasizing national security in its marketing.

Delhi Legislative Assembly will commence on Monday, at 11:00 AM, and the first budget of the newly elected Delhi government will be presented a day later. Delhi Legislative Assembly Speaker Vijender Gupta said that the session will commence tomorrow in the Assembly Hall, Old Secretariat in the national capital. «Tomorrow is the first day of the Budget Session. The budget will be presented on March 25. The CAG report will also be tabled during the budget session,» Vijender Gupta told media here on Sunday. The Budget Session is a crucial period in the legislative calendar, during which key financial and policy matters will be discussed and decided upon. The session is tentatively scheduled to run from March 24 to March 28, 2025, with provisions for extension if required. Notably, in the Budget session, the CAG report on the functioning of DTC will be tabled in the House, the Delhi Assembly Secretariat said in a statement. This would be third CAG report which will be tabled on Monday in the House

Delhi Capitals and Lucknow Super Giants, under new captains, will be eager to make a strong start to their IPL campaign when they face off here on Monday. For a second year running, the Dr YS Rajasekhara Reddy ACA-VDCA Stadium will host two home matches for Delhi Capitals. Pant, who had been a Delhi Capitals' player throughout his IPL career and also their captain, left the franchise ahead of the mega auction last year and was snapped up by LSG for a record price of Rs 27 crore. While his pay cheque will keep the Indian wicketkeeper-batter in limelight through the course of this season, it will also present Pant an opportunity to make a strong case for himself in the white-ball formats as he didn't get a game during the recent Champions Trophy. On the other hand, KL Rahul, who led LSG for two years since their IPL debut, has switched to Delhi Capitals, where he would be a vital cog in their plans, not as a leader but as a key batting mainstay, with Indian all-rounder Axar Patel being appointed captain. Like Mumbai Indians, DC too were spoilt for choices when it came to picking their captain as they also have Faf du Plessis apart from Rahul but the franchise opted for all-round Patel, whose career graph has been on a rise.

vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country. These duties were imposed as these products — Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, and Trichloro Isocyanuric Acid — were exported to India from China at below normal prices. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed «shall be levied for a period of five years» on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid. The anti-dumping duty of up to USD 873 per tonne was imposed provisionally on aluminium foil for six months. The government has imposed the duty in the range of USD 276 per tonne to USD USD 986 per tonne on imports of the acid (a water treatment chemical) from China and Japan. On imports of Soft Ferrite Cores (used in electric vehicles, chargers, and telecom devices), up to 35 per cent duty was imposed on CIF (cost, insurance freight) value.

Sirajuddin Haqqani, who acknowledged planning a January 2008 attack on the Serena Hotel in Kabul, which killed six people, including US citizen Thor David Hesla, no longer appears on the State Department's Rewards for Justice website. The FBI website on Sunday still featured a wanted poster for him. Interior Ministry spokesman Abdul Mateen Qani said the U.S. government had revoked the bounties placed on Haqqani, Abdul Aziz Haqqani, and Yahya Haqqani. «These three individuals are two brothers and one paternal cousin,» Qani told the Associated Press. The Haqqani network grew into one of the deadliest arms of the Taliban after the U.S.-led 2001 invasion of Afghanistan.

Donald Trump has denied signing the Alien Enemies Act to deport Venezuelan migrants. “I don’t know when it was signed, because I didn’t sign it,” Trump told reporters. Trump, however, defended his administration saying, “We want to get criminals out of our country, number one, and I don’t know when it was signed, because I didn’t sign it...Other people handled it, but (Secretary of State) Marco Rubio has done a great job and he wanted them out and we go along with that. We want to get criminals out of our country.” His comments came after Judge James Boasberg claimed that the proclamation was “signed in the dark” of night and that migrants were hurried onto planes, CNN reported. The judge had issued a two-week temporary block on Trump's use of the Alien Enemies Act of 1798 to deport 238 alleged members of Tren de Aragua, a Venezuelan gang. The judge said in court that any flights already en route should return to the US. His written order following the hearing appeared in the court's online docket, the justice department said in a court filing.

In a memorandum to U.S. Attorney General Pam Bondi late on Friday, Trump said lawyers were helping to fuel «rampant fraud and meritless claims» in the immigration system, and directed the Justice Department to seek sanctions against attorneys for professional misconduct. The order also took aim at law firms that sue the administration in what Trump, a Republican, called «baseless partisan» lawsuits. He asked Bondi to refer such firms to the White House to be stripped of security clearances, and for federal contracts they worked on to be terminated. Ben Wizner, a senior lawyer at the American Civil Liberties Union, said the new directive sought to «chill and intimidate» lawyers who challenge the president's agenda. Trump has separately mounted attacks on law firms over their internal diversity policies and their ties to his political adversaries. «Courts have been the only institution so far that have stood up to Trump's onslaught,» Wizner said. «Courts can't play that role without lawyers bringing cases in front of them.» The ACLU is involved in litigation against the administration over immigrant deportations, including the expulsion of alleged Venezuelan gang members.

mass shooting at a park in the desert city of Las Cruces, New Mexico, police said Saturday. Gunshot victims ranging in age from 16 to 36 were sent to all three local hospitals, as well as to University Medical Center of El Paso, the regional trauma center, according to police and hospital officials. Of six patients who arrived at Memorial Medical Center in Las Cruces by ambulance and private car, five were sent to El Paso, said marketing and communications director Andrew Cummins. Those who died were two 19-year-old men and a 16-year-old boy, police said. Their names and those of other victims were not yet being released. Police were asking for bystanders to share videos and other tips as they continued to seek a suspect or suspects in the attack, which occurred at about 10 p.m. on Friday in the city's Young Park, a music and recreation venue. A news conference was scheduled for later Saturday. In a post to Instagram on Saturday, Las Cruces City Councilor and Mayor Pro Tem Johana Bencomo expressed grief at the tragedy.

Vodafone Idea (Vi) chief executive Akshaya Moondra has appealed to Department of Telecommunications (DoT) secretary Neeraj Mittal to urgently allow equity conversion of the telco’s upcoming adjusted gross revenue (AGR) and purchase dues relating to the 2012, 2014, 2015 and 2016 spectrum auctions as the cash-strapped company braces for a spike in regulatory payouts. If DoT backs Moondra’s call, the government holding in Vi could jump to 49%, from 22.6% at present. The telecom JV between UK’s Vodafone Plc and India’s Aditya Birla Group has also told DoT that its current financial position does not allow it to furnish a Rs 6,091 crore bank guarantee (BG) or make a cash payment of Rs 5,493 crore towards a shortfall in the 2015 spectrum auction. Under these circumstances, it has asked the DoT not to take “any coercive action” against the company.

US State Department's decision to freeze funding for Fulbright and other scholarships has left thousands of Indian students in limbo, stripping them of an opportunity that once changed lives, said study abroad consultants. Apart from taking away financial support, the stoppage has effectively blocked academic exposure for a host of students who are capable but with limited means, and stranded some mid-course. Shreya Mudgil was pursuing an MPhil in English from Kurukshetra University. As a 2019 Fulbright scholar, she spent a year primarily at the University of Michigan, Ann Arbor, with all expenses covered and a stipend to boot. It was an opportunity she could only dream of till then. More than just academic exposure, it reshaped her introvert personality. Mudgil, head of marketing at food startup Conosh, now moves effortlessly in elite culinary circles, rubbing shoulders with celebrity and Michelin-starred chefs. «A hundred percent of that transformation came from the exposure Fulbright gave me,» she said.

Danny Moses, who is known for predicting the mortgage-backed debt led 2008 financial crisis, has now sounded alarm for another economic crisis fueled by massive government employee layoffs under the Department of Government Efficiency (DOGE), headed by Elon Musk.

Donald Trump deported 37,660 people during his first month in office, previously unpublished U.S. Department of Homeland Security data show, far less than the monthly average of 57,000 removals and returns in the last full year of Joe Biden's administration. A senior Trump administration official and experts said deportations were poised to rise in coming months as Trump opens up new avenues to ramp up arrests and removals. DHS spokesperson Tricia McLaughlin said Biden-era deportation numbers appeared «artificially high» because of higher levels of illegal immigration.

Justice Yashwant Varma's residence. Delhi High Court judge Justice Yashwant Varma was on Friday at the centre of a huge row over reports of alleged cash discovery from his official home after a fire incident following which its chief justice initiated an in-house inquiry against him and the Supreme Court clarified the move to transfer him was not linked to the probe. After reports emerged that Justice Varma, 56, was being repatriated to Allahabad High Court in the wake of the alleged cash discovery, the Supreme Court came out with a clarification that the proposal to transfer him was «independent and separate from the in-house enquiry procedure». Justice Varma, who is the second senior-most judge in the Delhi High Court, was appointed to the court on October 11, 2021. The purported discovery of the huge stash of cash happened following a fire at Varma's Lutyens Delhi residence at around 11.35 pm on March 14, prompting the Delhi fire department personnel to rush to the spot and douse it. The quantum of the alleged discovered amount was also not known. The incident created ripples in the legal circuit, with many voices calling for the judge's resignation. Some also criticised the move only to transfer him.

Vinayak Society building in the Sayajipura locality, likely due to a short circuit, inspector MR Sangada of Bapod police station said. He said that the charred body of the victim, Kiran Rana, was recovered from the room where the fire originated. The body was found on a bed, suggesting that the victim might have died in his sleep, Sangada said. He said the deceased worked at a private firm and was alone in the flat when the blaze broke out, as his wife had left for work. Prima facie, it appears that a short circuit might have caused the fire, the official said, adding that a forensic team was working to ascertain the exact cause of the fire.

Vijender Gupta has nominated 14 MLAs to Municipal Corporation of Delhi for 2025-26. «The Hon'ble Speaker of the Delhi Legislative Assembly, Shri Vijender Gupta, has nominated 14 Members of the Legislative Assembly (MLAs) to represent the National Capital Territory of Delhi in the Municipal Corporation of Delhi (MCD) for the financial year 2025-2026. These nominations have been made in accordance with Section 3(3)(b)(ii) of the Municipal Corporation Act, 1957,» as per an official release. Speaking on the nominations, Vijender Gupta stated that the appointed MLAs would assist the MCD in budget formulation, civic administration, and urban governance. Their role will be pivotal in addressing sanitation, infrastructure development, and other municipal challenges to improve the quality of life for Delhi residents. The Nominated MLAs include Anil Kumar Sharma (Constituency: RK Puram), Chandan Kumar Choudhary (Constituency: Sangam Vihar), Jitender Mahajan (Constituency: Rohtas Nagar), Karnail Singh (Constituency: Shakur Basti), Manoj Kumar Shokeen (Constituency: Nangloi), Neelam Pahalwan (Constituency: Najafgarh), Parduymn Singh Rajput (Constituency: Dwarka), Pravesh Ratn (Constituency: Patel Nagar), Raj Kumar Bhatia (Constituency: Adarsh Nagar), Ram Singh Netaji (Constituency: Badarpur), Ravi Kant (Constituency: Trilokpuri), Sanjay Goyal (Constituency: Shahdara), Surendra Kumar (Constituency: Gokalpur), Tarvinder Singh Marwah (Constituency: Jangpura). On Wednesday, Delhi Assembly Speaker Vijender Gupta wrote a letter to Chief Secretary Dharmendra expressing concerns over officers not acknowledging letters, phone calls or messages of Assembly Members.