Department Financial News

Enforcement Directorate (ED) has made four fresh arrests in connection with the alleged illegal land grab-linked money laundering case against former Jharkhand chief minister Hemant Soren and others, official sources said on Wednesday. Those taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) have been identified as Antu Tirkey, Priya Ranjan Sahay, Bipin Singh and Irshad, they said. The ED had on Tuesday conducted searches at the premises of Tirkey and some others here and the four were arrested following their questioning. Tirkey is allegedly linked to Soren while Singh is a real estate businessman. Sahay «forged» some land-related documents along with others, according to the charge sheet filed in the case.

MUMBAI : The Reserve Bank of India (RBI) has proposed that non-banks offering physical point of sale services (PoS) must notify the regulator of their intent to seek authorization within 60 days, and then submit their application by 31 May 2025, for approval to continue operations. “…they shall be allowed to continue their operations till they receive communication from the RBI regarding (the) fate of their application," the regulator said in a draft circular late on Tuesday.

HRA claims from previous years. However, the Central Board of Direct Taxes (CBDT) recently clarified that there was no special drive to re-open cases concerning mismatch of data relating to House Rent Allowance (HRA). «There is no special drive to re-open cases of mismatch, and media reports alleging that large-scale re-opening is being undertaken by the CBDT are completely misplaced. At the outset, it is stated that any apprehensions about retrospective taxation on these matters and re-opening of cases on issues pertaining to HRA claims is completely baseless. Data analysis was carried out in some high-value cases of mismatch between the rent paid by the employee and receipt of rent by the recipient for the FY 2020-21,» said CBDT in a press release dated April 8, 2024. However, this does not mean that you can live worry-free in case there is a mismatch between the rent paid by you and the receipt of rent by the landlord and there is a situation of possible tax evasion.

Weather update today: IMD issues heatwave alert in THESE states. Check forecast In central Iowa, a barn was demolished and other buildings were damaged after a tornado touched down in a rural area of Dallas County. The weather service also reported ping pong ball-sized hail in Bloomfield, just north of the Missouri line.

isolated to scattered rains accompanied by thunderstorm, lightning and gusty winds over Punjab, Haryana, Chandigarh, Delhi, West Uttar Pradesh and Rajasthan from 18-20 April. As per RWFC Delhi, partly cloudy sky and strong surface winds has been predicted today and tomorrow i.e. April 18.

UPI) are being nudged by digital payments network manager National Payments Corporation of India (NPCI) to invest and incentivise consumers. This is primarily aimed at getting users to transact through these new platforms, in order to reduce the risk from high concentration of transactions on the PhonePe and Google Pay platforms that control around 85% market share, three companies told ET.

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country.

A fire has swept through one of Copenhagen’s oldest buildings, causing the Old Stock Exchange's iconic dragon-tail spire to collapse

ALSO READ: ‘Rubbish bowling to be honest’: Irfan Pathan slams RCB's pace attack as SRH score climbs to 205/2 in 15 overs According to Sehwag, that first thing that RCB should do is fill Indian support staff which would make the domestic players in the team comfortable. Currently, RCB is filled with overseas star power including Andy Flower is the head coach, while Adam Griffith is overseeing the bowling coach responsibilities. "If you have 12-15 Indian players, just 10 overseas and your entire staff is made of foreigners, that's an issue.

The NHL on Tuesday announced a multiyear agreement with Bodyarmor to be the league's official sports drink

While the advisory industry must contend with a “human capital crisis,” some advisors are stepping up to the plate to try to fix the problem.

Hyderabad, a Lamborghini Gallardo, estimated to be worth nearly Rs 1 crore, was deliberately set on fire. «The sports car was reduced to ashes,» said the report. «The incident comes as a fallout from a business dispute between two car resellers,» added the police officials. According to the police officials, «a complaint was filed by Neeraj,» a car reseller who had bought the luxury car from its original owner. The accused, identified as Ahmed, «decided to meet Neeraj on Saturday to resolve their dispute,» but the argument escalated, resulting in the former «setting the car ablaze.» «By the time fire department vehicles arrived at the scene,» the car was engulfed in flames and severely damaged. «A video of the burning Lamborghini has also been doing the rounds on the internet,» confirmed the witnesses. The burnt remains of the Lamborghini Gallardo have become a grim reminder of the lengths to which disputes can escalate. «Now speaking of the car that got burnt,» clarified the expert, «it was the Gallardo Spyder.» «Although this is a substantially older gen model and could only be found in the resale markets,» he added, «it used to house a powerful 5-litre NA V10 engine that made 513 hp and 510 Nm of peak torque.»

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas

General Motors will move its Detroit headquarters to a new downtown office building next year and redevelop its iconic home along the Detroit River

Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges

Rahul Gandhi alleged on Tuesday alleged that CBI, ED and Income Tax cases go away only when businessmen pay money to the BJP. “The system is very simple. They will send CBI, ED, and the Income Tax department to some businessmen.

Union Public Service Commission (UPSC) on Tuesday declared the results for the Civil Services Exam 2023, with «Aditya Srivastava» securing the top rank. «Animesh Pradhan» and «Donuru Ananya Reddy» secured the second and third ranks respectively, it said.A total of 1,016 candidates cleared the examination and have been recommended for different central government services, the UPSC said. The Civil Services Exam is conducted annually in three stages — preliminary, main and interview — by the UPSC to select officers of Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS), among others. Click here to download the full UPSC CSE 2023 Exam Result Here

The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s prior work for rival exchange FTX.

Satish Kumar, who is DCP Crime in Delhi Police, has recently shared his harrowing experience onboard IndiGo's flight from Ayodhya to Delhi. In a tweet, Kumar shared the flight got delayed multiple times and by the time it landed at the destination, it has just 1-2 minutes fuel left. The flight, scheduled to depart at 3:25 pm and arrive at 4:30 pm, faced challenges as bad weather disrupted plans. The pilot informed passengers at approximately 4:15 pm about the weather conditions at Delhi airport, stating the aircraft had 45 minutes of holding fuel. «The pilot attempted landing twice, couldn’t due to bad weather and still wasted lot of time deciding the next course of action. At 5:30 p.m. (after a lapse of 75 minutes since the Holding fuel announcement) the pilot announced that he’ll finally attempt landing at Chandigarh. By that time lot of passengers and one of the crew staff started puking out of panic. Finally the plane managed to land at 6:10 p.m. at Chandigarh Airport after a lapse of 115 minutes since the 45 minutes Holding fuel announcement,» he added.

water crisis? With polls, politics, and heatwaves coming up in the national capital the common man's life will be at stake. While the Delhi Jal Board claimed that there was no deficit in water provision, it is also true that water production has remained unchanged over the past year. As per ToI report, in Feb 2023, DJB's internal report to chief minister «Arvind Kejriwal» stated that the optimal water production level was 990 million gallons per day (MGD). On April 3 this year, the water utility said in a written statement that water production in the capital stood at 990.2 MGD on average between the end of March and start of April. Many within DJB privately accepted that this was going to be the toughest summer that the water utility has faced.

Levi Strauss & Co’s jeans got a hat tip with the recent release of Beyoncé’s album, Cowboy Carter, which draws on country and folk music across cultures and eras. It includes a sensual song called Levii’s Jeans. As fans speculate, the double ‘i’ plays off the fact that the album is ‘Act II’ of a planned trilogy.