Department Financial News

NPPA) expert committee is studying the existing price regulations prevalent in other countries to come out with a «unique» pricing mechanism for manufacturers of medical devices in India, people in the know told ET. At present there is no separate pricing framework followed for medical devices. The government has been using the same framework which was created for drugs in case they want to regulate the price of any medical device. Earlier, it had regulated the prices of stents and knee implants under the Drug Price Control Order. The NPPA along with officials in the department of pharmaceuticals (DoP), India's drug regulatory authority, and others have been deliberating on the issue and studying the pricing framework followed by other countries.

income tax department on Thursday extended the deadline for charitable and religious trusts to furnish registration application with tax authorities till June 30. The Central Board of Direct Taxes (CBDT) had earlier extended the due date for filing Form 10A, Form 10AB by trusts, institutions and funds multiple times and the last such extension was till September 30, 2023. «Considering the representations received by CBDT requesting for further extension of due date for filing of such forms beyond the last extended date of September 30, 2023, and with a view to avoid genuine hardships to taxpayers, CBDT has extended the due date of filing Form 10A/Form 10AB up to June 30, 2024,» the CBDT said in a statement. Form 10A is an application form filed by trusts/institutions who wish to get themselves registered for income tax exemption.

NEW DELHI : Water level in India’s 150 major reservoirs fell to 30% of their total storage capacity, with eastern and southern India seeing levels depleting rapidly owing to severe heatwave. While 26 reservoirs have 50% of normal water storage capacity, the level in reservoirs of eastern and southern regions has dropped to as low as 39% and 17%, respectively, as per the bulletin released by the Central Water Commission on Thursday.

The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation

Simplify Asset Management portfolio manager Mike Green discusses how tech stocks will fare in a higher interest rate environment on 'Making Money.'

enforcement agencies have seized drugs, unaccounted cash, liquor and valuables worth Rs 321.51 crore in Punjab since the model code of conduct came into force last month for the Lok Sabha polls. Amritsar district topped the list with seizures worth Rs 60.3 crore. Punjab Chief Electoral Officer (CEO) Sibin C said drugs worth Rs 287.23 crore, unaccounted cash worth Rs 6.89 crore, liquor (22.8 lakh litres) valued at Rs 14.93 crore, precious metals and other items amounting to Rs 12.46 crore were seized. The model code of conduct came into force on March 16.

₹80 lakh, lottery ticket number PT 447124 was declared the second winner and will get an amount of ₹10 lakh as the winning prize, and the third prize was awarded to 12 winners, each getting an amount of ₹1,00,000. Announcing the first prize winning number, the KSLTD said Ashmin S of Palakkad (Agency Number P 4860) was the agent of the lottery ticket number PZ835041; Mahesh of Malappuram (Agency Number M 2911) was the agent of 2nd prize winning lottery ticket number PT 100777.

Jaegers joined Barclays Wealth in 2018 as director of macro investments, and was then promoted to head of investment strategy in 2019. He took on his most recent role in July 2019, where he was responsible for leading the team to provide asset allocation for multi-asset fund ranges and discretionary investment accounts. Barclays names private bank and wealth management CEO Before joining Barclays, he was a senior investment strategist for multi-asset funds at Prudential UK for three years, and prior to that he spent five years at BNP Paribas Asset Management, first as a senior port...

Maharashtra Bhavan will be built in Jammu and Kashmir and with the Centre's support, no one will dare to oppose it. Speaking at a rally in Maharashtra's Amravati district on Wednesday, Shinde claimed that National Conference leader Omar Abdullah has opposed the construction of the Maharashtra Bhavan in Kashmir. «The state government has received land in Kashmir for building the Maharashtra Bhavan. Prime Minister Narendra Modi and Union Home Minister Amit Shah are with us. So no one will dare to oppose it,» the CM said. CM Shinde last year requested Jammu and Kashmir Lt Governor Manoj Sinha for a land parcel to construct the Maharashtra Bhavan to provide accommodations and facilities for tourists and officials from the state visiting the Valley.

Yogi Adityanath on Thursday criticised the Congress party's proposal for an inheritance tax, accusing them of intending to seize the property of common people. He said that the Congress, which has looted the country for 60-65 years, plans to distribute the proceeds among the Rohingyas as part of their vote bank policy. «The mindset of Congress for the country and the common people of the country was revealed during the UPA government regime and yesterday. There were hints even in the Congress manifesto. What Sam Pitroda said yesterday was advocated for by then Home Minister P Chidambaram too. Congress looted the country's resources for almost 60-65 years. Now, it has its eyes set on common people's property. That is why it is talking about Inheritance tax. It will distribute it among people who are intruders. Who doesn't know that behind the crores of intruders, Rohingyas in different parts of the country is Congress' vote bank policy? They have always done politics at the cost of the nation, inheritance tax is a part of it,» he said.

solar manufacturers filed trade complaints Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. The petitions were filed with the Department of Commerce and the U.S. International Trade Commission. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighbouring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. The complaints call for investigations into the trade practices of Vietnam, Cambodia, Thailand and Malaysia. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50%.

JEE Main 2024 Results marks a significant milestone for aspiring engineers across the nation. The National Testing Agency (NTA) has unveiled the outcome of this rigorous examination, showcasing the achievements of numerous students. Among them, an impressive 56 candidates have attained the elusive 100 percentile, signifying their exceptional performance in the test. Telangana emerges as a frontrunner in this year's results, with 15 of its students clinching the coveted 100 percentile. Following closely behind are Maharashtra and Andhra Pradesh, each contributing 7 top scorers, while Delhi boasts 6 achievers in this prestigious list.

severe heatwave over East and South Peninsular region for the next five days, while isolated rainfall is expected in some states including Jammu and Kashmir, Punjab, Haryana, Delhi, Himachal Pradesh, and others till April 28. A red alert for severe heatwave has been issued in West Bengal until April 26.

pro-Palestine protests. Police arrested more than a dozen people including a local news photographer at the university. Some universities including the University of Texas at Austin, have swiftly resorted to law enforcement as they struggle to diffuse tension on campuses throughout the nation.

HUL), India's largest consumer goods maker, reported a 6% drop in net profit in the wake of flagging demand despite price cuts and is looking to volume-led growth if commodity rates remain stable. That will help the company hold prices or lower them further, while a bountiful monsoon, as predicted by the weather department, could see rural demand rising in time. March quarter net profit at Unilever's India unit declined to ₹2,406 crore, below analyst expectations, from ₹2,552 crore a year earlier. Revenue was little changed at ₹14,693 crore against ₹14,638 crore a year earlier.

The securities industry typically fights tooth and nail any new form of regulation over how products are sold to investors, typically claiming any added expense created by rules will cut services to clients.

The Rookie has entered its sixth season with six if its episodes having been released till now while fans await eagerly, the release of its seventh episode. According to Dexerto, the release is going to happen very soon and will continue an LAPD team's journey across the world of crime. Created by Alexi Hawley, this procedural crime drama TV series saw itself becoming a full-fledged franchise when it premiered for the opening season back in 2018, showing the journey of the oldest rookie in the Los Angeles Police Department (LAPD) of the United States. Most importantly, at the start of the first series, it was made clear that The Rookie follows the real-life journey of a rookie cop by the name of William Norcross who joins the LAPD at a ripe-age and as a rookie.

For millions of American workers, the federal government took two actions this week that could bestow potentially far-reaching benefits

Boeing is reporting a $355 million loss for the first quarter

U.S. agriculture officials say dairy cattle moving between states must be tested for the bird flu virus in an effort to track and control the growing outbreak