Department Financial News

Tortured Poets Department album-singer Taylor Swift is once again making headlines, not for the upcoming Eras Tour shows, but being a brave lady and putting out a fire in her New York City apartment. The luxe apartment's kitchen caught a small fire and Swift was seen battling it out with a fire extinguisher, with a rather brave stance.

Telecommunications Act 2023 will come into force from June 26. However, some other sections of the Act like those relating to administrative allocation of spectrum, including for satellite services, and the adjudication mechanism etc will be notified later. “In exercise of the powers conferred by sub-section (3) of section 1 of the Telecommunications Act, 2023 (44 of 2023), the Central Government hereby appoints the 26th Day of June 2024, as the date on which the provisions of sections 1, 2, 10 to 30, 42 to 44, 46, 47, 50 to 58, 61 and 62 of the said Act shall come into force,” a gazette notification issued late Friday said. Officials told ET that the new Telecommunications Act and these sections have come into force. “All existing provisions and rules continue unless repugnant to these sections,” a top official said.

U.S. Department of Justice plans to focus an upcoming lawsuit against TikTok on allegations that the popular social media platform violated the privacy rights of children, rather than claims it misled adult users about its data privacy practices, according to a source familiar with the matter. The U.S. Federal Trade Commission investigated the potential violations by TikTok and its parent company ByteDance and referred the case to the Justice Department on Tuesday.

Dexter: Original Sin" emerges as the latest installment in the enduring saga of everyone's favorite TV serial killer, Dexter Morgan, portrayed by Michael C. Hall. Over a decade since Dexter's original series finale and following the recent limited series sequel, «Dexter: New Blood,» this prequel promises to explore the origins of Dexter's infamous alter ego.

BCG [Boston Consulting Group] to prepare a blueprint of his vision for 2047..."Rao's comments came a day after Karnataka BJP chief BY Vijayendra condemned the state government's decision as "outrageous" and "akin to handing over the reins to the East India Company."ALSO READ: Indian firms need to scale digital transformation: BCG"...The Karnataka Congress government is effectively declaring itself unfit & incompetent. When the State Government operates under the directions of an external agency, the welfare of the people takes a backseat, and innocent citizens are the ones who suffer!," Vijayendra posted on X on Thursday.Rao reacted to the criticism on Friday, saying that the Boston Consulting Group “is a recognised group across the world." He said, "Even PM Modi used the Boston Consulting Group to prepare his Vision 2024 blueprint."He claimed that former Karnataka Chief Ministers BS Yediyurappa and Basavaraj Bommai used this group.

traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying it was critical to develop an industrial ecosystem beyond Bengaluru. The Kempe Gowda International Airport, operated by the Bangalore International Airport Limited (BIAL) has been the third busiest airport in the country after Delhi and Mumbai.

US lawmakers French Hill and Chrissy Houlahan have made a visit to Kuje Prison in Nigeria, where detained Binance executive Tigran Gambaryan is being held.

Karnataka State Natural Disaster Monitoring Centre (KSNDMC) has issued a red alert for coastal Karnataka, which is likely to receive extremely heavy rainfall on June 22. It also said thunderstorms with lightning and gusty winds (30-40kmph) are likely at isolated places across the state. According to a KSNDMC advisory, between June 23 and June 26 isolated heavy rains are also expected in certain areas of the Krishna basin.

Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. The comments came a day after Washington banned the firm, saying it presented a "national security risk."

cybersecurity firm Kaspersky denied Friday that it is a security threat after the U.S. Commerce Department banned the use of its software in the United States. The Moscow-based company — whose CEO Eugene Kaspersky is Russian — said in a statement that the Commerce Department's decision would not affect its ability to sell and promote its cyber security products and training in the U.S.

Budget 2024: Every year, the Department of Economic Affairs in the Ministry of Finance prepares the Union Budget, which is then presented by the Finance Minister. The Budget which is tabled annually serves as a financial plan for the country and lays out the estimated earnings and expenditures of the government for the upcoming fiscal year. Here are the five essential steps involved in the formation of the Union Budget: Initial Processes: The process begins around six months before the Budget is presented. The Finance Ministry issues Budget Circulars to relevant ministries and departments with necessary instructions and guidelines. These circulars are then distributed among disbursing and field officers, who share details about their department's financial expenditures and receipts for the current and past fiscal year, as well as their financial requirements for the upcoming fiscal year.

basic exemption limit. Suresh Surana, practising chartered accountant, says, «Section 139 mandates that ITR filing is mandatory (for individuals) in certain situations even if their total income in a financial year is below the basic exemption limit. If the ITR is not filed by the deadline of July 31, then a penalty will apply to these taxpayers.» Also Read: Last date to file ITR for different taxpayers

United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei. «They told the U.S. side that they were absolutely convinced that they are able to prevail in a conventional fight over Taiwan without using nuclear weapons,» said scholar David Santoro, the U.S. organiser of the Track Two talks, the details of which are being reported by Reuters for the first time.

Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia's Kaspersky Lab in the United States, with Commerce Secretary Gina Raimondo saying that Russia's influence over the company poses a significant security risk. The software's privileged access to a computer's systems could allow it to steal sensitive information from American computers or install malware and withhold critical updates, enhancing the threat, a source said, noting that Kaspersky's customers include critical infrastructure providers and state and local governments.

Donald Trump has said in an interview that he wants to give automatic green cards to foreign students who graduate from US colleges, a sharp departure from the anti-immigrant rhetoric he typically uses on the campaign trail. Trump was asked about plans for companies to be able to import the «best and brightest» in a podcast taped Wednesday with venture capitalists and tech investors called the «All-In». «What I want to do and what I will do is you graduate from a college, I think you should get automatically as part of your diploma a green card to be able to stay in this country. And that includes junior colleges too, anybody graduates from a college. You go there for two years or four years,» he said, vowing to address this concern on day one. Immigration has been Trump's signature issue during his 2024 bid to return to the White House. His suggestion that he would offer green cards — documents that confer a pathway to US citizenship — to potentially hundreds of thousands of foreign graduates would represent a sweeping expansion of America's immigration system that sharply diverges from his most common messages on foreigners.

United States has said it supports direct discussions between India and Pakistan but the pace, scope and character of talks should be determined by the two neighbouring countries. Responding to a question at his daily news conference on Thursday, State Department Spokesperson Matthew Miller said the US values its important relationships with both India and Pakistan. «As we have said, we support direct discussions between India and Pakistan, but the pace, scope and character should be determined by those two countries, not by us,» he said. Responding to another question, Miller said the US and Pakistan have a shared interest in combating threats to regional security.

Karnataka Chief Minister Siddaramaiah said that it is the responsibility of every Kannadiga to protect the Kannada language, land and water and urged everyone in the state to learn the language. The Chief Minister said speaking the mother tongue should be a matter of pride. «Everyone must decide to speak in Kannada with those who live in Karnataka. A vow must be taken that no language other than Kannada is spoken. Kannadigas are generous. That is why there is an environment in Karnataka where even those who speak other languages can live without learning Kannada. The same situation cannot be seen in Tamil Nadu, Andhra, or Kerala states. They speak only in their mother tongue. We also have to speak in our mother tongue. That should make us proud,» Siddaramaiah said while addressing a public function in Bengaluru.

TikTok on Thursday disclosed a letter the company sent to the government in April accusing the federal agency that once held the platform’s future in its hands of “political demagoguery.”

Student loans have emerged as an important issue ahead of the US Presidential elections, according to the Bankrate survey. 1 in every 5 students revealed that this will have a major influence when they vote in November. The US Federal Reserve notes that more than 40 million borrowers owe a total of $1.77 trillion in loans. The survey found that among those who have borrowed, 29% of the respondents said that it would influence their voting choice in the election. Trump and Biden’s stand on the issue:

TikTok is currently rooting for Taylor Swift's new Eras Tour shows, the upcoming one being held in London. Now, they have unveiled a very interactive feature on Taylor Swift which is a first-of-its-kind, focused on her massively popular Eras Tour shows.

Union Budget 2024: Prime Minister Narendra Modi led-government will present first full Budget in their third term after the 18th Lok Sabha polls in 2024 in the coming month, laying the roadmap for the next five years. The last budget presented by the Finance Minister Nirmala Sitharaman was a vote on account due to the General Elections that were scheduled from April to May. Here are some interesting Budget trivia that you should know: