Department Financial News

U.S. job openings barely changed in January but remained at a high level, suggesting that the American job market remains healthy

National Law School of India University (NLSIU) completed their 40-day internship at the Commercial Taxes department as part of an MoU both signed to learn from each other’s domain of expertise. The internship would help students of the prestigious law school get first-hand experience of aspects such as implementation of GST, the GST laws, how we deal with indirect tax collections, claims of refunds, regulations, orders of authority of advance ruling, GST Council deliberations and court orders. Apart from these, the students will also get to experience how a government department functions, Commissioner of Commercial Taxes C Shikha told ET. “The students were from the fourth and final years of the 5-year law course,” she added. “They were all very bright. The day-to-day interaction with the students helped my colleagues also benefit from their knowledge of law.”

Investing.com — U.S. futures rose Wednesday, rebounding after the previous session’s sharp losses, ahead of the start of Fed chief Jerome Powell’s two-day testimony before Congress.

The Centre hopes to achieve its revised direct tax collections target for the current fiscal year, but personal income tax (PIT) mop-up could be slightly lower than the respective revised estimate, a senior official told FE on Tuesday.

By Stephen Nellis and Max A. Cherney

External Affairs, Government of India and the US Department of State. According to the MEA release, such exchanges have helped bring the people of India and the United States closer through opportunities that enrich fellows’ academic, research, teaching, and professional capacities.

Muft Bijli Yojana. With the help of this program, up to one crore families in India can receive financial assistance for installing solar panels on their roofs. PM Surya Ghar Muft Bijli Yojana: Step-by-step guide on how to get subsidy in your bank account within 30 days According to a Press Information Bureau (PIB) release dated February 29, 2024, “Postmen will assist households in registration. We encourage all individuals to engage and take advantage of this opportunity for a cleaner, cost-effective energy future. Postmen will assist households in registration. For more info, visit https://pmsuryaghar.gov.in/ or contact the area postman. Please visit your nearest Post Office for further details.”

Shahjahan Sheikh and others for allegedly attacking Enforcement Directorate (ED) officers during searches at Shahjahan Sheikh’s premises in January 2024. Meanwhile, the Crime Investigation Department (CID) in West Bengal, along with Chief Minister Mamata Banerjee-led West Bengal government has refused to handover Shahjahan Sheikh to the CBI.

state government programme inaugurated by Kerala Chief Minister Pinarayi Vijayan faced an embarrassing situation on Wednesday when he publicly chided her after she thanked him for his speech. After the CM concluded his speech, the woman presenter said, «Thank you sir for such a good inaugural speech..». But before she could complete her sentence, Vijayan retorted, «There is no need for such comments. If you are going to call the next speaker, just do that.» The incident occurred at the INSAF programme, a face-to-face event organised by the state government's Minorities Department.

BPSC BAO 2024: The Bihar Public Service Commission (BPSC) released answer keys for various recruitment examinations held for the Bihar Agriculture Department on Tuesday, March 5. Candidates can check answer keys on the official website of the commission at bpsc.bih.nic.in. The commission has published question booklets of these examinations along with provisional answer keys.

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income tax refund for FY 2020-21 (AY 2021-22). In an order dated March 1, 2024, the Central Board of Direct Taxes (CBDT) has said that these individuals can get their income tax refund by April 30, 2024. Hence these individuals, who wish to check the status of their refund, should check their email inbox or keep a close watch for any intimation notice email from the income tax department. This intimation notice will have the details of the tax refund, if any, payable to them. After an ITR is processed at the Centralised Processing Centre (CPC) within a specified period, the income-tax department would issue an intimation notice under section 143(1) of the Income-tax Act, 1961. If an individual has received an intimation notice for the same, it means that their filed ITR has been successfully processed. It is usually followed by the credit of refund amount, if any.

OTT sector. He said, "CSpace is essentially a response to the growing imbalances and multifarious challenges in the OTT sector in terms of content selection and propagation," reported HT.

Annual Information Statement—introduced in November 2021— gives taxpayers a single comprehensive statement on all their financial transactions done in a financial year. The statement is available in the income tax portal and includes financial transactions reported by banks, RTOs, stock exchanges, etc, with the Income Tax Department.

By Ananya Mariam Rajesh

By Michael Erman

By David Lawder

Now that the comment period over the IRS’ proposed regulations for donor-advised funds has ended, the waiting game has begun – along with a whole lot of simmering criticism.

China's Huawei Technologies and U.S. tech giant Amazon said they had signed a multi-year patent licencing deal that resolves litigation between them. Most terms of the deal were not disclosed, but Alan Fan, head of Huawei's intellectual property rights department, said the Chinese firm had ended lawsuits brought against Amazon in Germany over patented technology related to wifi and video playback.

recruitment and promotion of sports persons in order to include events which have gained importance in recent times and to provide greater incentives to the sports persons performing well in these games. The Department of Personnel and Training (DoPT) had issued consolidated instructions on recruitment and promotion and other incentives for sports persons in the government of India on October 3, 2013. «These instructions have been reviewed in consultation with the department of sports which is the nodal department for promotion of sports in the country in order to bring more clarity, inclusion of events which have gained importance in the recent times as well as to provide greater incentives to the sports persons performing well in these games,» an order issued by the DoPT said. National championships and tournaments conducted by the recognised national sports federations in individual disciplines, national games conducted by Indian Olympic Associations and Khelo India University, Khelo India Youth Games, Khelo India Winter Games and Khelo India Para Games are recognised as events of national importance, it said.

Mint explores the reasons behind this governmental directive. The extension to blend imported coal has been announced amid anticipation of high power demand in the upcoming summer season. The power ministry, in its letter, said that the peak demand in the April-June period this year is likely to reach 250 GW, but logistical issues would impact coal supplies.