Department Financial News

The CEO of JetBlue is stepping down, and he's being replaced by the first woman to head a major U.S. airline

Germany’s last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties

The White House says that President Joe Biden has renominated Julie Su to serve as labor secretary, whose confirmation languished in the Senate for more than 10 months

A crippling fuel leak has forced a U.S. company to give up on landing a spacecraft on the moon

ANI. Meanwhile, In preparation for the Pran Pratishta ceremony of Ayodhya's Ram Temple, the Uttar Pradesh government under the leadership of Chief Minister Yogi Adityanath is gearing up to provide a comfortable and hassle-free ride for the devotees, said an official statement by the CMO. Under the directives of CM Yogi, the Transport Department has initiated a plan in which taxi and tourist bus vehicles will be reserved as needed during the various programs organised in Ayodhya, said the official statement.

Arvind Kejriwal-led government in Delhi has scrapped the provision requiring speed governor certificates for commercial vehicle owners during fitness checks, transport department officials said on Tuesday. Till now, all commercial vehicles—both passenger vehicles and goods carriers including autorickshaws, cabs, buses and tempos—had to submit the certificates issued by speed governor manufacturers or dealers during fitness checks or the fitness renewal process.

By Daniel Wiessner

By Andrew Goudsward and John Kruzel

imports declined, government data showed on Tuesday. The trade deficit contracted 2.0% to $63.2 billion, the Commerce Department's Census Bureau said. Data for October was revised slightly to show the trade gap widening to $64.5 billion instead of $64.3 billion as previously reported.

Defence Minister Rajnath Singh was on Tuesday given full ceremony Guard of Honour at the Horse Guards Parade grounds in London. There was a special parade by the British Army's Number 7 Company Coldstream Guards and the Band of the Irish Guards. The regiments represented on parade are among the most historic in the British Army. Ceremonial welcomes of this nature are considered special and memorable moments of high honour from one nation to another. Following the ceremony, Rajnath Singh and his UK counterpart, Secretary of State for Defence, Grant Shapps, retired to the Ministry of Defence to discuss shared future military commitments and joint training opportunities Singh on Tuesday also paid homage to Mahatma Gandhi at his statue in Tavistock, London. Later on Tuesday, the Defence Minister will depart for the Ambedkar Museum.

US Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractors, in a move that has riled business groups and will likely prompt legal challenges. The rule is widely expected to increase labour costs for industries that rely on contract labour or freelancers, such as trucking, manufacturing, healthcare and app-based "gig" services. Most federal and state labour laws, such as those requiring a minimum wage and overtime pay, apply only to a company's employees.

An explosion in downtown Fort Worth on Monday afternoon left at least 21 people injured and caused significant damage to a hotel, likely due to a gas leak, according to authorities.

Suchana Seth, CEO of a Bengaluru-based tech startup, has brought to light a harrowing tale of maternal distress and a tragic loss. The distressing events, involving the untimely death of her four-year-old son, unfolded in a series of alarming discoveries, where the quick thinking of hotel staff and a composed cab driver played pivotal roles in uncovering the truth. Seth, aged 39, checked into a service apartment in Candolim, Goa, accompanied by her son.

I am retiring from Reliance Industries on 31 December 2024. I will have 300 earned leaves and 100 sick leaves encashable at the time of retirement. What is the most tax-efficient way to encash my leaves before March 2024? Shubham Agrawal, Senior Taxation Adviser, TaxFile.in: The leave encashment received during your employment is fully taxable.

1) Delhi: Primary schools in the national capital i.e. up to class 5th will remain closed this week. However, schools were reopened for class 6th upwards on January 8 but clear instructions have been given to schools to not ply before 8 am and after 5 pm." 2) Chandigarh: Classes in physical mode, up to class 8 will remain shut till 13 January in Chandigarh as per the latest order.

NEW DELHI : The Union government may allocate ₹2.2 trillion towards food subsidy in the forthcoming budget to pay for higher farm support prices and an extended free food scheme, a top official said. The allocation, which could be 10% higher than last year’s, would be at a time the government is focused on ensuring food security and keeping food inflation in check. While the food subsidy allocation for 2023-24 was ₹1.97 trillion, the outgo in the current fiscal has already crossed ₹2 trillion, Union food and public distribution department’s secretary Sanjeev Chopra said.

₹3,89,529 to ₹4,44,768 in the current financial year," the Arvind Kejriwal government said as the Statistical Handbook-2023 was released on Saturday. “This is 158 per cent higher than the national average," he added. It was reportedly the highest among all states and union territories in 2023.

₹20 lakh and that of a goods manufacturer or vendor exceeds ₹40 lakh. A services business is one where nothing tangible is sold. In goods business (read as goods manufacturers and vendors), a tangible good is sold permanently.

Health officials say at least two dozen people in 14 states were sickened by salmonella poisoning tied to recalled meat snack trays sold at some Sam’s Club stores

A group of lobster fishermen has sued fishing regulators, claiming that new electronic monitoring requirements designed to protect rare whales are unconstitutional

Trade Promotion Council of India (TPCI) with the support of the Department of Commerce. Goyal said that the food exports from India holds an immense potential and this this fiscal, the country's agri exports will be more than last year's level of USD 53 billion despite restrictions imposed on shipments of certain key commodities.