Department Financial News

Polycab India Ltd’s shares are down 27%. Reports of tax evasion by the company have created an environment of uncertainty. A press release from the finance ministry has stated that the income tax department had initiated search and seizure operations of a group engaged in the manufacturing of wires and cables on 22 December.

dense fog on flight operations: «Due to dense fog, flight operations at Delhi Airport may be affected. Passengers are requested to contact the airline concerned for updated flight information.» Expressing regret, the advisory added, «Any inconvenience caused is deeply regretted.» This advisory comes following significant disruptions to IndiGo flight operations on Sunday, attributable to low visibility and dense fog conditions across North India.

NEW DELHI : India is considering reforming the lines of credit (LoCs) it grants to other countries to improve its economic diplomacy, persons aware of the matter told Mint. Proposed reforms include granting project-specific and fixed-period LoCs rather than generalized lines spanning several projects, the persons said, requesting anonymity. These proposed reforms, which come after requests from the borrower nations, will help reduce the interest burden on these countries, one of the persons added. So far, India has extended over 300 lines of credit to 65 countries with an estimated value of $30 billion.

As Canada’s health-care system grapples with yet another season of respiratory illnesses, doctors are raising the alarm over its ability to stay afloat.

MCD schools were deprived of financial benefits under various schemes from 2016-17 to 2022-2023 session, an audit report of the municipal body's Department of Education, shows. According to the audit report dated November 11, 2023, the Municipal Corporation of Delhi's Education Department failed to provide the financial benefits under different schemes of the government of NCT Delhi to nearly 3,83,203 students due to non-opening of bank accounts required for the disbursement of funds.

Ayodhya on January 22, the Bhajan Lal Sharma government in Rajasthan Sunday declared consecration day as a 'dry day' across the state. Earlier, several other state governments have also declared the consecration day a 'dry day' and opted to prohibit the sale of alcohol across the state. The state units of Bharatiya Janata Party (BJP), where the party is not in power, are demanding a ban on the sale of liquor on the consecration day.

By Jonathan Allen

Uttarakhand Chief Minister Pushkar Singh Dhami, the State Finance Department has issued orders for a 4 per cent increase in dearness allowance (DA) to state employees and pensioners. With this order, the DA of employees has increased from 42 to 46 per cent in the state.

Delhi government's transport department has once again floated a tender for deploying electric scooters in the Dwarka sub-city to strengthen last-mile connectivity in the area, officials said. The government plans to deploy thousands of electric scooters at around 90 locations in Dwarka, they added. «Bids floated for high speed and low speed scooters for first and last mile connectivity with bus stops and metro stations in Dwarka sub city,» Delhi Transport Commissioner Ashish Kundra said in a post on 'X' on Thursday.

Delhi residents woke up to thick fog and freezing temperatures on Sunday morning, and it has led to widespread disruptions in daily routines and transportation on a chilly Sunday morning. The RK Puram Area witnessed the mercury drop to a frigid 7 degrees Celsius in the early hours of Sunday. Responding to the harsh weather, individuals on the streets and the homeless sought refuge at government-operated night shelters spread across Delhi.

Delhi Weather Update: Delhi on Sunday woke up to a thick blanket of fog, as predicted by the Indian Meteorological Department (IMD). Dense to very dense fog engulfed the city, reducing visibility to a mere 200-500 meters and causing major disruptions to air and rail travel. This foggy spell is expected to linger for three days, casting a chilly shadow over Delhi and its residents.

India has also flagged its concerns about problems being faced by domestic businesses in getting timely visas for the US and has urged America to fast track the process, an official statement said on Saturday. These concerns were raised during the 14th India-US Trade Policy Forum held in New Delhi on Friday. It was co-chaired by the US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal. “For H1B renewal visas, stamping has begun in the US on a pilot basis and we have asked them to make it permanent and for family members also,” an official told ET, adding that by April, tourist and business visa times to the US are expected to get normalised. The commerce ministry said that the two ministers noted that the movement of professional and skilled workers, students, investors and business visitors between the countries contributes immensely to enhancing bilateral economic and technological partnership.

cinema goers per day declined in the last 13 years, according to the Delhi Statistical Handbook-2023. The number of theatres in Delhi rose from 129 in 2008 to 137 in 2022, with the peak point being in 2017, when the number was 142, it said. The handbook containing data on socio-economic parameters of the national capital was released by the Delhi government's Economic and Statistics department.

WASHINGTON — In a significant shift in federal drug policy, the Department of Health and Human Services (HHS) has recommended reclassifying cannabis from a Schedule I to a Schedule II substance, acknowledging the plant's medical utility. This recommendation, revealed through documents obtained by a Freedom of Information Act (FOIA) request, is now pending approval from President Biden.

In a world where health is both a priority and an unpredictable challenge, the burden of out-of-pocket medical costs (OoPE) often weighs heavily on individuals and families. The quest for effective strategies to minimize these costs has never been more critical.

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas

Republicans say President Joe Biden's plan to start canceling student loans for some borrowers in February is an attempt to win voters ahead of the 2024 presidential election

U.S. wholesale inflation fell for a third straight month in December, further evidence that price pressures in the economy are easing

Congress party on Saturday demanded an explanation from Kerala's ruling CPI(M) leadership and the state Industries Department after the Centre reportedly ordered a probe into complaints of violations by an IT company run by Chief Minister Pinarayi Vijayan's daughter Veena. The Ministry of Corporate Affairs had ordered the investigation into the complaints of financial transactions between a private minerals company and Veena's IT firm, which had triggered a huge political controversy in the southern state recently.

free electricity of 600 units bi-monthly or 300 units monthly, according to state Power Minister Harbhajan Singh ETO. Presenting an overview of the department's performance in 2023, He said that 100 percent of the state's agricultural tubewells have also been electricified for free. Singh also announced that the state met its highest-ever power demand of 15,293 MW on June 23, 2023, marking a 7 percent increase from the previous highest demand of 14,311 MW on June 29, 2022.

Ayodhya Ram Temple news: THESE four states declare 'dry day' on 22 January During the political slugfest between the ruling Aam Aadmi Party (AAP) and Delhi LG last year, the excise commissioner was given the power to announce dry days in the national capital in August last year. Delhi excise policy case: ED asks CM Kejriwal to appear on 18 January Delhi government's finance department transferred the chief minister's power of announcing dry days to the excise commissioner.