Department Financial News

Central Information Commission directing the Central Board of Direct Taxes to provide information relating to Shri Ram Janmabhoomi Teerth Kshetra Trust, looking after the construction and management of the Ram temple in Ayodhya, under the RTI Act. The high court on February 28 allowed the petition by the Central Board of Direct Taxes (CBDT) challenging the Central Information Commission's (CIC's) November 30, 2022, order. Justice Subramonium Prasad said it is always open for applicant Kailash Chandra Moondra to approach the appropriate authority under the Income Tax Act to seek information as sought in the Right to Information (RTI) application. The high court was dealing with a plea by the Central Public Information Officer (CPIO) of CBDT seeking quashing of the November 30, 2022, order of the CIC which had directed that the CPIO would revisit certain points made in the application under the RTI Act and provide information within 15 days from the receipt of the order.

Russian man pleaded guilty on Thursday to illegally exporting electronics to Russia for possible military use, in violation of sanctions imposed after Moscow's invasion of Ukraine, the US Department of Justice said. Maxim Marchenko, who lived in Hong Kong, operated a network with two other unidentified Russians that fraudulently bought large quantities of military-grade microelectronics from American distributors on behalf of Russia-based end users, according to the DOJ.

cockroach inside the lungs of a 55-year-old man in Kerala. As per a report of Asianet News, the incident happened on February 22. The man then approached the Amritha Hospital in Kochi complaining of breathing issues. The ENT department at the hospital performed a bronchoscopy and found the inspect in the lungs of the man.

Aadhaar card details, investing for income tax exemption, special fixed deposit schemes offered by SBI & IDBI Bank and concession on home loan interest rates. At the beginning of the month, we list out some of the key deadlines that are vital to know for all and sundry. Free updation of Aadhaar: In case you want to update your Aadhaar card details, you must do it before March 14.

heavy to very heavy rain, and snow is likely in Jammu-Kashmir, Ladakh, Gilgit, Baltistan, and Muzaffarabad on 1st and 2nd March. The authorities in Kashmir have also extended the winter vacation for valley schools by four days given the forecast of inclement weather. The schools, which were scheduled to reopen after a three-month winter vacation on March 1, would now resume on Monday.

export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.

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Burdett, who has led the firm's UK retail funds' multi-manager investment team since its establishment in 2007, will depart in April after nearly 17 years. He will be succeeded by Paul Green, working alongside Adam Norris and Anthony Willis, to manage the Navigator and Lifestyle funds. The firm said Green and Norris have been «core members» of the team since its founding.  «I have really enjoyed working with my team and colleagues in our goal to deliver performance and service to clients over the past 17 years, and beyond,» said Burdett.  «We have achieved much during this time, an...

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KPMG chief economist Diane Swonk reacts to the surprising January jobs report and discusses the impact of the Fed's next rate move on 'Making Money.'

Vodafone Idea (Vi), Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. "We'll have to examine everything, if there is an opportunity, there is a need for it, how do the next few months look like in terms of their operations," he said in an interview, adding that the government may not look at divestment immediately. The Union government is the largest shareholder in Vodafone Idea, India's third-largest carrier, with a 31% stake.

Gemini - founded by Tyler and Cameron Winklevoss - made the commitment in a deal with the New York State Department of Financial Services that also sees the firm pay a $37 million fine. The agreement relates to a failed partnership between Gemini and DCG unit Genesis on the former's Earn interest-bearing product.

A person who previously pleaded guilty in a welfare misspending case in Mississippi is making new allegations about former Gov. Phil Bryant

Wall Street is poised to open with modest losses but is still on track for a winning February, despite a lackluster finish to the month

The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate

The part of the Securities and Exchange Commission that oversees investment management will have a new director next week as incumbent William Birdthistle departs the agency.

Manipur police commandos on Wednesday registered arms down protest in connection with attack on the police officer and police are not allowed to retaliate, the police stated that police are a united team from top to bottom and any attack on anyone will be taken seriously and stringent action taken. District magistrates in several districts have requested additional deployment of Assam Rifles anticipating law and order problems. The police stated use of social media to target any officer or unit will be strongly dealt with by taking up cases and action. The police added Manipur Police being targeted, the need for calling in Army and Other Central forces will have to be enhanced.

₹24,420 crore for phosphatic and potassic (P&K) fertilizers, adding three new grades to aid farmers and enhance the productivity of oilseeds and pulses. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Department of Fertilizers' proposal to set nutrient-based subsidy (NBS) rates for the 2024-25 kharif sowing season, which runs from April to September, according to an official statement. “Despite rising prices of fertilizers in the global market, we have decided to keep the prices the same as the last season," said minister Anurag Thakur at a press briefing after the Cabinet meeting.

Godrej Industries, the Bombay High Court has held the show cause notice issued by the revenue department against the group ‘bad in law’ and has clarified that it was barred by the limitation. In this case, Godrej Industries had challenged the show cause notice issued by the income tax department on May 22, 2022, with the arguments that the notice was issued during the pendency of reassessment proceedings under an earlier notice and, therefore, is illegal.

national security risks and could impose restrictions due to concerns about «connected» car technology. The U.S. Commerce Department probe is because Chinese assembled smart vehicles could collect sensitive data about U.S. citizens and infrastructure and send the data to China, the White House said.