Department Financial News

cyber criminals posing as police or other law enforcement agencies. The ministry said this is an organised online economic crime operated by cross-border crime syndicates. Across the country, several victims have lost large amounts of money to such criminals, it said. «A large number of complaints are being reported on National Cyber Crime Reporting Portal (NCRP) regarding intimidation, blackmail, extortion and 'digital arrests' by cyber criminals posing as police authorities, Central Bureau of Investigation (CBI), Narcotics Department, Reserve Bank of India (RBI), Enforcement Directorate and other law enforcement agencies,» the MHA pointed out in its statement. Elaborating on the modus operandi of these fraudsters, the ministry claimed that they typically call a potential victim and inform that he or she has sent or is the intended recipient of a parcel, which contains illegal goods, drugs, fake passports, or any other contraband item. Sometimes, they also inform that a near or dear one of the victims has been found to be involved in a crime or an accident and is in their custody. The fraudsters will then demand money to compromise the 'case', the ministry elaborated.

President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national security risk.”

U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year

Federal grants can be a huge boost for small businesses

Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.

AMSTERDAM: Federal Reserve Chair Jerome Powell on Tuesday said the latest report on U.S. producer prices was more «mixed» than «hot» given that prior data was revised lower even as the figures for April came in higher than expected. «I wouldn't call it hot, I'd call it mixed,» Powell said at an event in Amsterdam after the Labor Department released the Producer Price Index for April.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

Aam Aadmi Party (AAP) has acknowledged the reported assault on its Rajya Sabha MP Swati Maliwal by Delhi Chief Minister Arvind Kejriwal's personal assistant Bibhav Kumar. The party stated that Delhi CM has taken cognizance of the incident, ensuring appropriate action will follow. The incident, which occurred at Arvind Kejriwal's residence, saw two complaints filed with the Delhi Police concerning an alleged assault on AAP MP Swati Maliwal. The accused, Bibhav Kumar, reportedly obstructed Maliwal from meeting Kejriwal, particularly during the chief minister’s engagement in the excise police case. Maliwal visited the Civil Lines Police Station but refrained from filing a formal complaint. Who is Bibhav Kumar, known as «Kejriwal’s Man Friday»? Bibhav Kumar, a former video journalist, has been associated with AAP leader Arvind Kejriwal since the early 2000s. He initially worked as a video editor for a magazine associated with India Against Corruption, which later transformed into AAP. Over the years, Kumar has become an integral part of Kejriwal's inner circle, assisting him with daily tasks and serving as a trusted aide.

Cyber-Physical Systems (TIPS 4.0), a bi-annual event, was conducted by the Department of Science and Technology (DST) under the aegis of the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). The event, held on 13–14 May 2024, was hosted by the Technology Innovation Hub for IoT & IoE (TIH-IoT) at IIT Bombay. It witnessed the participation of 48 deeptech startups and a promising investment commitment towards 44 innovative startups. Shireesh Kedare, Director – IIT Bombay, addressed the gathering, followed by Abhay Karandikar, Secretary, DST. The inaugural session concluded with the remarks of Ekta Kapoor, Mission Director – NM-ICPS and Head of FFT Division, DST. Abhay Karandikar, Secretary, Department of Science and Technology (DST), said in a statement, “This is the first time that TIPS featured deeptech startups taking centre stage to present their work to potential investors, while their supporting Technology Innovation Hubs showcased their developments and progress in the workshops. This milestone demonstrates significant progress towards our mission, as we continue to foster lab-to-market opportunities to support deeptech innovators in our nation.”

Telangana. According to the police, the infant's mother had stepped out of their one-room house to attend to household chores when the dog entered and attacked the sleeping baby, resulting in the child's immediate death. The child's parents work at a stone polishing unit. The dog is often fed by the residents of the locality. Angry over the incident, they killed the dog, police said.

Delhi High Court on Tuesday reserved its order on bail plea moved by Aam Aadmi Party leader Manish Sisodia in the excise policy case in both CBI and ED matters. The HC had granted more time to the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) to file their replies to the bail pleas filed by Sisodia on May 8. Last week, a lower court extended Sisodia’s judicial custody till May 21. Special Judge Kaveri Baweja extended the custody after he was produced before the court through video conference on the expiry of his judicial custody granted earlier.

Analysts at the research and consulting firm decided to remove the 'A rating' from the PIMCO fund and the ‘Positive Prospect' rating from the abrdn fund in its Academy of Funds rebalancing for April. Geraldine Sundstrom will depart from PIMCO at the end of May, leaving the management of the multi-asset fund to co-managers Erin Browne and Emmanuel Sharef, alongside the wider asset allocation portfolio management team. Square Mile noted that despite the firm's «strong resources» and team approach, the fund's rating was largely predicated on Sundstorm's experience of managing dynamic mul...

IMD) has, in its weather prediction for Bengaluru, stated that the city is expected to see "spells of rains or thundershowers" and "possibility of rain or thunderstorm" this week. In its seven-day forecast from May 14 to May 19, the weather department noted that the minimum temperature in the city would likely be around 23 degrees Celsius and predicts a maximum temperature of 33 degrees Celsius.

Selecting the incorrect form: One of the most common mistakes people make is choosing the incorrect form to file their taxes. Each form is tailored to a certain sort of income and taxpayer profile, and using the incorrect form might result in mistakes and processing delays. CA expert advises taxpayers to thoroughly analyse the qualifying conditions for each form and seek professional advice if confused.Also Read: Income tax return (ITR) filing 2024: How to show accrued interest on bank fixed deposits (FDs)? Proper treatment of F&O transactions: Futures and options (F&O) transactions can be complicated, particularly in terms of tax treatment.

United Nations was killed in Gaza when the vehicle he was travelling in came under attack in Rafah, making it the “first international" casualty for the organisation since the start of the Israel-Hamas conflict. The individual was a staff member of the United Nations Department of Safety and Security (UN DSS).

Indian personnel working with the United Nations was killed in Gaza when the vehicle he was travelling in came under attack in Rafah, making it the «first international» casualty for the organisation since the start of the Israel-Hamas conflict. The individual was a staff member of the United Nations Department of Safety and Security (DSS). While the identity of the victim has not yet been revealed, sources confirmed to PTI he was from India and a former Indian Army personnel. The Indian personnel killed in Rafah is the «first casualty» among international UN staff in Gaza since the beginning of the Israel-Hamas conflict following the October 7 terror attacks. Another DSS staffer was injured in the incident when their UN vehicle was struck as they travelled to the European Hospital in Rafah.

India signed an agreement to operate the Chabahar Port in Iran for 10 years, the United States has warned that «anyone» considering business deals with Tehran needs to be aware of the «potential risk of sanctions.» The US State Department Principal Deputy Spokesperson, Vedant Patel, however, also said that it will let the Indian government speak on its foreign policy goals. «We are aware of these reports that Iran and India have signed a deal concerning the Chabahar Port, I would let the government of India speak to its own foreign policy goals, vis-a-vis the Chabahar Port as well as its own bilateral relationship with Iran,» Vedant Patel said in the press briefing on Monday (local time).

A major fire broke out in a vast shopping complex in the Polish capital that housed some 1,400 shops and service outlets

U.S. airlines are trying to kill a new rule requiring them to disclose fees more quickly when consumers shop for flights

to resign, state justice officials said Monday. In February 2023, the Oregon Department of Justice began investigating whether employees of the Oregon Liquor and Cannabis Commission improperly used their positions to obtain bottles of top-shelf bourbon for personal use.

Sharad Pawar faction of the NCP on Monday shot off a complaint to the Election Commission of India raising concerns after the CCTVs monitoring the Electronic Voting Machines (EVMs) used in the Baramati Lok Sabha polls and kept in a strong room, went off. On Monday, Supriya Sule posted a short video on X which showed CCTV cameras monitoring the strong room where the EVMs were kept, not displaying any images. Sule claimed that «the CCTVs going off for 45 minutes is suspicious; when we contacted the election department officials and the administration, we didn't get a satisfactory reply. There is no technician present, and our party functionary is not allowed to survey the EVMs. This is a very serious issue and the Election Commission should take immediate cognizance and disclose why the CCTVs went off». She also asked the EC to take action against those involved in switching off the CCTVs.