Department Financial News

Hajj 2024: Saudi Arabia's government banned visit visa holders and tourists from performing the Hajj pilgrimage and entering Makkah from May 23 to June 21. To be allowed to perform the pilgrimage, a person must get a Saudi Hajj visa or obtain a Hajj permit."Visit visas of all types and names do not entitle their holder to perform Hajj, and instructions require obtaining a permit for that," Saudi Arabia's Ministry of Interior informed in a post on X.This means visit visas do not grant permission to perform Hajj.

The Justice Department has sued Ticketmaster and its parent company, accusing them of running an illegal monopoly over live events in America

The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America — squelching competition and driving up pr...

Will the Justice Department’s lawsuit against Ticketmaster and Live Nation give concertgoers, sports fan and theater patrons some relief from surging ticket prices

Despite growing demand for long-term care, the industry struggles with labor shortages, and experts worry about whether there will be enough workers in the future to care for America’s aging population

President Joe Biden has unleashed a flurry of election year rules on the environment as he tries to secure his legacy

national capital on Friday recorded a high of 41.7 degrees Celsius, over a notch above the season's normal, according to the India Meteorological Department (IMD). The weather department issued a 'yellow' alert for Saturday as it predicted the mercury to reach a maximum of 44 degrees Celsius and a minimum of 31 degrees Celsius. However, there was no prediction for a heat wave. The Met office has four colour-coded warnings — green (no action needed), yellow (watch and stay updated), orange (be prepared) and red (take action).

You may be saving more money for retirement — and not even know it.

As the Qualifier 2 match of IPL between Sunrisers Hyderabad (SRH) and Rajasthan Royals (RR) is scheduled for today at 7:30 pm in Chennai might get affected by a light rainfall in the city. If it happens as forecasted by the Regional Meteorological Department then SRH has a chance to qualify for the finals swiftly. 

Salaried individuals receiving a house rent allowance as part of their salary can claim HRA exemption if they pay rent for their accommodation. This exemption lowers their taxable salary, either wholly or partially. But one question that usually arises is how one should claim full HRA exemption. Are both rent receipts and a rent agreement required as proof to make the claim?

Income tax return filing FY 2023-24: You need to be careful while claiming tax exemptions and deductions in income tax return ITR. The Income Tax Department may ask you for proof for the deductions and tax exemptions you claim in the ITR during processing, whether for the current year or previous years.

US State Department issued a travel advisory asking its citizens not to travel to this Latin American country. It has issued a «Level 4: Do Not Travel» travel advisory, its most serious warning. The department has warned Americans not to travel to this oil-rich country due to high levels of crime and civil unrest under the socialist rule of President Nicolas Maduro, reports the 'New York Post'.

Writing in his personal blog today (24 May), the MP, who has held the role since 1987, said he has decided «not to put my name forward in the forthcoming election». «I have other things I wish to do,» Redwood added, noting that his last day as an MP will be 30 May. Rishi Sunak confirms 4 July General Election In his 37 year parliamentary career, Redwood held several government posts, including secretary of state for Wales, minister within the Department of Environment, minister for trade and industry, and parliamentary under-secretary for trade and industry. He is also chief glo...

The immediate exit of Bird comes ahead of his fourth anniversary at the firm, although he will remain at the business for a further month to «ensure a smooth handover», departing formally on 30 June. Bird will then be placed on garden leave until 31 December, after which point the remaining five months of his 12-month notice period will be paid in lieu. abrdn to close Multi-Asset Climate Solutions fund after failure to build scale Windsor takes on the role of interim group CEO as the firm begins the «process of moving to fresh leadership». According to the regulatory statement, ...

Centre offered a one-time window to the central government employees to switch from the National Pension System (NPS) to CCS (Pension) Rules, 1972 (now 2021), which was popularly known as the old pension scheme. Those who have shifted to the old pension scheme have several questions regarding how it will be implemented. To answer those queries, the Department of Pension and Pensioners’ Welfare (DoPPW) released a frequently asked questions (FAQs). Read here to find out. In an Office Memorandum dated April 9, 2024, Department of Pension and Pensioners’ Welfare said: 1) The OM dated 20.10.2023 requires a refund of two elements viz. (a) Government contribution and return thereon under NPS and (ii) interest thereon. While the amount of Government contribution and the return thereon in the accumulated corpus of wealth under the NPS account of the subscriber at the time of his exit on retirement would be ascertained from NSDL, the rate and manner of recovery of interest (simple or compound and the rates at which compounding is to be done) from the date of exit to the date of refund by the employee is not clear.

Challenges such as water scarcity, soil fertility, pests and diseases, limited inputs, unfavourable policies, limited access or lack of markets as well as climate issues, plague the small and marginal landholdings at a higher intensity than others. In addition, many of these smaller units of land are commonly observed as unviable for agriculture and, therefore, unable to provide a sustainable livelihood for their owners. Right from sowing, farm and labor management, and financial support to farm management, market consolidation, storage, and protection against losses or crisis, small and marginal farm holdings suffer innumerable issues while facing high transaction costs, lack of collective action, and coordination failure in production and marketing. Need of the Hour It is clear that with the sheer size of small and marginal landholdings in our country, the available options are not sufficient to address issues that haunt them. Innovative ideas, disruption in technology and practices, a user-centric approach to create sustainable solutions, and a more focused perspective towards these challenges are required at a larger scale.

cyclone is forming in the Bay of Bengal and is expected to make landfall between Sagar Island in West Bengal and Khepupara in Bangladesh around midnight on Sunday, the India Meteorological Department (IMD) said on Friday. This cyclone is the first one to occur in the Bay of Bengal during this pre-monsoon season. It will be named Remal, following the naming system for cyclones in the Indian Ocean region. Also Read: Cyclone Remal: A severe cyclone is heading towards India; here's all you need to know The system is expected to become a cyclonic storm by Saturday morning. It will then intensify into a severe cyclonic storm by Saturday night.

Tamil Nadu state board schools will reopen on June 6 after summer vacation. The school education department has directed all CEOs to make arrangements for reopening of the schools. Tamil Nadu announced summer holidays for children studying in classes I to IX early this year due to Lok Sabha elections on April 19. The Directorates of School Education and Elementary Education announced the summer holidays on April 13.

killing at least 11 people and injuring 60 others.3) Those injured in the blast are undergoing treatment at AIMS, Neptune and Global hospitals.4) The blast was heard a kilometre away. Glass windows of adjoining buildings cracked.5) Large pieces of the reactor of the Dombivli chemical factory fell 1 kilometre away and the lid of the reactor fell 200 meters away on a factory, reported ANI.Also Read | Maharashtra news: Boiler blast triggers fire at Dombivli chemical factory5) Maharashtra CM Eknath Shinde has ordered a detailed inquiry into the incident.

Also Read | Sunil Chhetri retires: Captain Fantastic gets emotional“All of them were very professional and hard-working. The competition is strong amongst them, especially in the positions of Jithin and Parthib," Stimac said in a press statement.“Parthib and Hammad suffered minor injuries a few days back and will need 7-14 days of rest," he added.

The Education Department was already more than a year behind schedule on rolling out the new Free Application for Federal Student Aid. Then, last October, staffers were alerted to a major oversight: The formula for determining aid didn’t account for inflation. The system had to go live in December.