Department Financial News

‘Mornings with Maria’ panelists react to December’s better-than-expected jobs report, detailing its expected impact on the labor market and U.S. economy.

Macro Trends Advisors founding partner Mitch Roschelle joins 'Varney & Co.' to discuss the housing market under the Biden administration as monthly mortgage payments continue to soar. 

NEW DELHI : India’s horticulture production, including that of vegetables and fruits, was 2.32% higher in financial year 2022-23 at 355.3 million tonnes, according to the agriculture ministry’s third advance estimates issued on Thursday. Production of vegetables is estimated to have increased to 213.88 mt in FY 2022-23 from 209.14 mt in the year prior due to an increase in potato and tomato output. Onion production, however, is estimated to have dropped 4.7% to 30.2 mt in FY23, according to government officials who declined to be identified.

WASHINGTON (Reuters) — U.S. single-family homebuilding dropped sharply in December after a string of strong gains, but new construction remains underpinned by a shortage of previously owned houses for sale.

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell last week to the lowest level since late 2022, suggesting job growth likely remained solid in January.

Karnataka’s Commercial Taxes Department officials have arrested a key mastermind in connection with a multi-state GST fraud centred around fake GST claims. The operation, spanning over two days and conducted in collaboration with Kerala State GST authorities, revealed significant fraudulent activities, Commissioner C Shikha said in a media statement. The officials arrested Mohammed Siddiq in Mysuru on Wednesday on charges of acquiring dummy GST registrations using forged documents, and facilitating a scrap business in Kerala, Tamil Nadu, and Karnataka. He issued fake tax invoices to facilitate bogus claims of input tax credit (ITC) by dealers without remitting the taxes to the governments after the initial transactions. The fraudulent network extended its operations to Kerala and Tamil Nadu.

Pran Pratishtha' ceremony at Ayodhya Ram Mandir, the India Meteorological Department (IMD) on Thursday launched a dedicated webpage to provide weather-related information for the holy city and other important nearby areas. The webpage (https://mausam.imd.gov.in/ayodhya/) shows weather information on temperature, precipitation, humidity, and wind patterns for seven days starting January 18 in major languages spoken across the globe including Hindi, English, Urdu, Chinese, French, and Spanish. The webpage not only provides weather-related information for Ayodhya, Prayagraj, Varanasi, Lucknow, New Delhi and Mankapur along with other important places but also provides a seven-day forecast of sunrise and sunset timings in both Hindi and English.

For thousands of small businesses, it’s time to pay up. Thursday marks the federal government’s deadline for firms to repay pandemic-era debt to get relief on their Canada Emergency Business Account (CEBA) loans.

The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings.

India is yet to decide on the lower import taxes on imported electric vehicles, news agency Reuters quoted Rajesh Kumar Singh, a top bureaucrat at the Department for Industry and Trade Promotion as saying at the ongoing World Economic Forum in Davos. The issue of the Elon Musk-led company's entry and lower EV import taxes has also faced resistance from the domestic industry, the official said. Additionally, India has continued its demand of wanting firm commitments from Tesla on investment and manufacturing should the government opt to lower taxes.

India Meteorological Department (IMD) has introduced a dedicated weather webpage for the region. This timely initiative, launched with just four days remaining until the grand event, aims to provide attendees and organizers with crucial weather-related information. Multilingual weather data for key locations The newly unveiled webpage offers comprehensive weather updates, covering essential parameters like temperature, precipitation, humidity, and wind patterns.

Indian Meteorological Department (IMD) has also predicted that dense to very dense fog and Cold day to severe cold day conditions are likely to continue to prevail over North India during the next four days. Severe cold wave conditions are likely to continue over the plains of Northwest India during the next four days, the weather office said. “Rise in minimum temperatures by about 2°C very likely over Northwest India and no significant change thereafter.

Meta Platforms' former chief operating officer Sheryl Sandberg plans to step down from her position on the company's board of directors after her term ends in May, she said in a Facebook post on Wednesday. «Meta business is strong and well-positioned for the future, so this feels like the right time to step away,» Sandberg said in the post, adding that she will serve as an adviser to the company.

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E. Jean Carroll is set to take the stand again to describe how his verbal attacks affected her after she came forward. Carroll is due to testify Wednesday in the second federal civil trial over her claims against Trump, who denies them all. Because the first jury found that Trump sexually abused Carroll in the 1990s and then defamed her in 2022, the new trial concerns only how much more — if anything — he'll be ordered to pay her for some other remarks. He made them while he was president.

By Daniel Wiessner

Automatic enrollment might be the single biggest factor that has boosted 401(k) savings over the past 18 years, and it could soon be used to sign up employees for emergency savings accounts.

The prospect of a JetBlue-Spirit Airlines merger has taken a major hit in court

Federal regulators say a Mississippi poultry plant’s failure to follow safety protocols led to the death of a 16-year-old worker who was pulled into a machine last July

The Interior Department is updating and expanding an Obama-era plan to promote solar power on public lands in the West

₹108 crore. “We are not interested in ₹108 crore immediately being protected," the ASG emphasized in the Supreme Court. “The judgment has to be ‘stay’ here (sic.) because this will replicate." Offshore funds often route their India investments through jurisdictions like Singapore, Mauritius and Luxembourg.