Department Financial News

Pipeline welder Lynn Bugsy Allen argues hes barely getting by after Biden canceled the Keystone XL Pipeline. 

avalanche warning", the authorities advised people living in these areas "to take precautions and avoid venturing in the avalanche prone areas". ALSO READ: IMD issues ‘yellow alert’ for heatwave in Odisha, heavy showers in THESE states; check full forecast here The Jammu and Kashmir State Disaster Management Authority also issued a number for any assistance. "Dial -112 for help," it said.

mine workers, construction workers and brick kiln workers across the country. In a letter dated April 12, labour secretary Sumita Dawar said the seasonal outlook issued by the Indian Meteorological Department on temperature for hot weather season during the current year indicates above normal maximum temperatures most likely over most parts of the country. “Therefore, effective steps need to be taken for management and mitigation of adverse effects of extreme hot weather through a multi-sectoral and multi-dimensional administrative approach,” Dawra said.

AI) chips to China's military modernization efforts. This move comes as part of the US government's efforts to prevent sensitive American technology from being used for military purposes in China. The blacklisted companies, including Linkzol (Beijing) Technology Co, Xi'an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co, were among 11 additions to the Commerce Department Entity List this week. Being placed on this list makes it significantly challenging for these companies to access American goods and technology.

Meta over what he said were thousands of scam cryptocurrency advertisements on Facebook that feature his face. The decision is a setback for Forrest, the 37% owner of iron ore producer Fortescue Metals Group and Australia's second-richest person, in his quest to hold the internet giant accountable for the ads. A separate civil lawsuit he has filed against Meta over the ads in California is ongoing.

Vinay Mohan Kwatra visited Washington, DC, United States, from April 10-12. During his visit, Foreign Secretary Kwatra undertook a detailed review of the progress made towards further consolidating the India-US Comprehensive Global Strategic Partnership, informed the Embassy of India in the US. During his visit to Washington, DC, Foreign Secretary had discussions with his counterparts at the State Department, Deputy Secretary Richard Verma and Deputy Secretary Kurt Campbell, as well as other senior officials, the embassy's press release said. «Delighted to welcome my great friend Indian Foreign Secretary Kwatra back to Washington for discussions on US-India cooperation and the Quad. Our partnership in the Indo-Pacific is closer than ever,» said US Deputy Secretary of State Kurt Campbell in a post on X.

Income Tax Department on April 12 said that the amended India-Mauritius protocol on the double taxation avoidance agreement (DTAA) is awaiting ratification and notification by the department, as per a PTI report. On March 7, 2024, India and Mauritius signed an amendment to the DTAA, introducing a principal purpose test (PPT) aimed at curtailing tax avoidance. The PPT ensures that treaty benefits are granted only for transactions with a genuine purpose, addressing concerns over tax avoidance.

Karnataka: NDRF rescues 2-year-old toddler who fell into borewell in Vijayapura A 32-member team drawn from the Fire and Emergency Services department along with NDRF and SDRF personnel were involved in the rescue operations of Satvik Satish Mujagond from a 16-feet borewell. Delhi Govt orders sealing off all unused borewells after Keshopur death Last month, a 30-year-old man died after falling into a 40-foot-deep borewell at a Delhi Jal Board (DJB) sewage treatment plant.

Congress MP Rahul Gandhi took a break from his hectic campaigning in Tamil Nadu for the upcoming Lok Sabha elections and visited a sweet shop in Singanallur. The owner, Babu, expressed his surprise at the sudden and unannounced visit of the Congress leader. «We were pleasantly surprised when Rahul Gandhi came by. He was probably visiting Coimbatore for a meeting. Since he likes (Gulab) Jamun, he bought a kilo of the sweet. He sampled the other sweets on display as well. I was happy that he came by. Our staff, too, were happy to see him. He was here for 25-30 minutes. We had no clue he would stop by and were all taken by surprise. We asked him not to pay but he insisted. He paid the whole amount,» the shop owner told ANI. Earlier, Rahul Gandhi had criticized the BJP, labeling the Centre's electoral bond scheme as the «single biggest act of corruption done by anybody in the world». He made these remarks at a public meeting in Coimbatore, where he accused the BJP of operating a «washing machine» to cleanse the political system.

Starlink for a satcom licence, despite pending issues such as its ties with US security agencies. The Elon Musk-owned company may be given “conditional approval”, based on an undertaking furnished by it, said people with knowledge of the matter. “As per the undertaking, Starlink may be asked to not share with any US agency the machines or equipment used in India, while data should not be routed outside the country,” one of the persons told ET, asking not to be named. Further, the satcom company may be asked to partner with an Indian company in atime-bound manner. This comes as Musk is set to travel to India later this month and meet Prime Minister Narendra Modi, with plans for a Tesla factory expected to be announced. An internal committee of the Department of Telecommunications (DoT) is working on the Starlink application. Since some of the issues, including those related to Starlink’s collaboration with American intelligence agencies, remain open, the company can only be granted conditional approval, the people said.

IMD also noted than from 17 April Balangir, Sambalpur, Titlagarh, Jharsuguda, and Sonpur will see temperatures reaching 43 Degree Celsius. "Heatwaves occur when the maximum temperature reaches above 40 degrees Celsius and the departure is above 4.5 degrees Celsius from the normal," as per an IMD FAQ on heatwave.

Delhi Capitals side after missing the last three matches due to a groin injury. The left-arm wrist spinner showed no signs of being rusty as he kept the pressure on the LSG batsmen, taking the crucial wickets of KL Rahul, Marcus Stoinis and Nicholas Pooran for just 20 runs. However, it was the dismissal of Nicholas Pooran in the 8th over of the innings that was the highlight of Kuldeep's brilliant spell today.

Income Tax department on Friday issued clarifications regarding the recent amendments to the India Mauritius Double Taxation Avoidance Agreement (DTAA) that have sparked concerns among stakeholders. The department said that the Protocol pertaining to the amendment is yet to be ratified and notified under Section 90 of the Income-tax Act, 1961.

Tesla CEO Elon Musk comes to meet Prime Minister Narendra Modi will not be the car maker's entry into India. There is another matter that has been pending for some time for lack of adequate disclosures. Musk's India ambition spans from road to space. He has thrown his hat in the ring for the satellite communication, or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Musk, with his satcom company Starlink, will compete with Mukesh Ambani and Sunil Bharti Mittal whose respective companies, Reliance Jio JV with Luxembourg-based SES; and Bharti AIrtel jointly with OneWeb-Eutelsat, are also in the race for satcom spectrum. Another giant, Amazon, is also in the reckoning. The satcom sector is witnessing intense rivalry even before the start of services. Airtel and Jio stand sharply divided on various issues related to satcom and have battled each other over complexities that surround satcom. The rivalry between the two biggies, with other satcom players also divided sharply, continues. A few days ago, they locked horns over the usage and price of satcom. The main issue, whether satcom spectrum should be allocated administratively or auctioned, has been settled with the new Telecommunication Act, 2023, giving legislative backing to allocation of satellite spectrum via the administrative or the ‘non-auction route’. At present, the DoT is finalising the modalities.

Karnataka on Friday crossed the Rs 300 crore mark since the Model Code of Conduct came into effect on March 16, according to the Election Commission. Lok Sabha elections in Karnataka will be held in two phases on April 26 and May 7 for its 28 constituencies. Since March 16 till date, seizures worth Rs 307.61 crore have been made by the Election Commission in Karnataka in coordination with its enforcement teams comprising flying squads, police and static surveillance team, the EC officials said. According to a statement issued by the office of Chief Electoral Officer of Karnataka, since the Model Code of Conduct came into force, the flying squads, static surveillance teams and police authorities have seized Rs 46.01 crore cash, Rs 7.73 crore articles meant for distribution as freebies, liquor worth Rs 147 crore, narcotic substances worth 9.75 crore, and gold worth Rs 24.38 crore, among others.

The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data.  

Pulte Capital CEO Bill Pulte discusses the impact of inflation on the housing industry.

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

reported Business Line The department has prepared an interim action plan for tax refunds in this fiscal and set a timeline for various actions related to taxpayers, sources said. “Approval of pending refunds has been placed under immediate action. The aim is to approve all pending refunds by April 30, 2024, which were withheld under section 241A and where scrutiny assessments have been completed and necessary orders have been passed," reported Businessline quoting an official.

Déborah De Braekeleer knew she would have to face her fear of bugs when she volunteered to be marooned on a remote island in the Philippines. But perhaps her greatest challenge awaited her when she returned home to Quebec.

TDS typically at 1% of property value before making payment to any seller. However, there is an exception to this rule which may require you to deduct higher tax deducted at source (TDS) and it is linked to the status of the PAN of the seller. Before buying property, you need to check the status of PAN-Aadhaar linkage of the property seller. This needs to be checked both at the time of paying token money and at the time of making the final payment for the property. Chartered Accountant Mihir Tanna, associate director-direct tax, S.K. Patodia LLP, shares the experience of one of his clients who bought a property.