Department Financial News

Hamas saw the world change stance from ‘right of one nation to defend itself’ to ‘need for aids to enter the attacked nation’, but none holding the power to has sought an ‘immediate ceasefire’. The war inflated on 7 October, when Hamas fighters from Gaza launched a multi-pronged attack on Israel, killing at least 1,200 people.

Mint had earlier reported that KfW plans to finance India’s PM E-Bus Sewa scheme, which aims to introduce 10,000 electric buses in nearly 170 Indian cities. The scheme is expected to cost Rs. 57,613 crore with ₹20,000 crore being provided by the government.

Robert M. Solow, MIT Institute professor emeritus, a path-breaking economist whose work influenced generations of economists, died on 21 December, aged 99. Though popularly known for his characterization of technology and its role in economic growth, Solow’s profound influence on research in economics spanned numerous sets of issues both in macro and microeconomics.

Los Angeles, authorities said. Officers responding to reports of a shooting around 1 am on Monday heard gunfire and found a crowd fleeing the area and several wounded people lying on the street and sidewalk, police said in a news release. A man and woman died at the scene, police said.

John Yaros wants to hear from a wide range of people with an interest in financial technology – and wants them to listen to each other – as he develops oversight policies.

Cold Day to Severe Cold Day conditions predicted in some parts over Uttar Pradesh and in isolated pockets over West Rajasthan on 1st and 2nd January while Cold Day conditions over East Rajasthan during 1st-3rd January, Madhya Pradesh on 2nd January and West Rajasthan on 3 January. - The weather department has predicted light to moderate rainfall over south Tamil Nadu, south Kerala and Lakshadweep during next 2-3 days with isolated heavy rainfall over Lakshadweep during 1-4 January, Kerala on 1st and 4 January. - Moreover, light isolated rainfall has been predicted over Madhya Pradesh, Chhattisgarh during 2-5 January and over Uttar Pradesh, Bihar, Jharkhand and Odisha during 3-5 January.

NEW DELHI : Ahead of the general elections, the government is planning to consolidate marquee schemes to safeguard the interests of farmers and consumers, under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), with an allocation of ₹28,107 crore till 2025-26, three officials aware of the matter said. The plan is to merge the Union Consumer Affairs Department’s Price Stabilisation Fund (PSF) with the agriculture ministry’s Price Support Scheme (PSS), and bring the merged scheme under the PM-AASHA, along with the market intervention scheme (MIS).

In 2023, the Department of Justice (DOJ) emerged as a leading force in defining the boundaries of the cryptocurrency industry through high-profile criminal prosecutions. 

Madhya Pradesh, northern parts of Maharashtra, southern parts of Uttar Pradesh...," Mohapatra warned. He added that there was also a low-pressure area forming over the southeast Arabian Sea leading to clouds over areas in Lakshadweep and Maldives Islands. Meanwhile, the press release issued by the IMD on Monday said cold day to severe cold day conditions are likely to continue over some parts of Punjab, Haryana, Uttar Pradesh and north Rajasthan during the next two days and decrease thereafter.

Socio-economic assessment for indigenous Assamese Muslims will be completed this year. Assam government will engage International Institute for Population Sciences (IIPS) to study the impact of crackdown on child marriages Chief minister Himanta Biswa Sarma said that private madrassas are protected under the constitution as minority run institutions. “The Assam police and Education department are working, and we will be able to reduce private madrassa by 1000 from 3000.

Mysore Sales International Limited (MSIL) on Sunday sold alcoholic beverages worth Rs 18.85 crore, the Industries department said. MSIL operates a chain of 1031 stores across Karnataka, and did a record business on the last day of the year. The sales jumped by about Rs 10 crore as the MSIL outlets, on a normal day, would do a business of about Rs 8 crore.

SJVN Ltd on Monday said it has received the finance ministry's permission to form four joint venture firms for the development of hydro and renewable projects with a total capacity of 8,778 MW in India and Nepal. SJVN will be the leading partner in three joint venture companies, whereas SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) will be the leading partner in the fourth JV, a company statement said. According to the statement, the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India has agreed to the proposal of SJVN and Ministry of Power to form four joint venture (JV) companies for the development of Hydro and Renewable Projects in India and Nepal.

actions under Stage-I and Stage-II of the GRAP shall, however, remain invoked, be implemented and reviewed by all agencies concerned. As GRAP-III restrictions were revoked, the ban on BS-III petrol and BS-IV diesel vehicles in Delhi and surrounding areas was also lifted.

BP Gopalika took charge as new Chief Secretary of West Bengal government, outgoing state Chief Secretary HK Dwivedi became Chief Financial Advisor Chief Minister Mamata Banerjee, a day after his retirement. Dwivedi retired on Sunday (December 31) after enjoying an extension of six months and BP Gopalika was appointed the new Chief Secretary. Gopalika was the Home Secretary before taking up the charge in the new position. Dwivedi has huge experience and has efficiently handed financial matters since he was the Additional Chief Secretary in the state’s Finance department for a long duration. “The Chief Minister was keen to retain him as the Chief Financial Advisor to utilise his experience and expertise in handling the financial affairs of the state,” sources in the state secretariat said. Dwivedi’s predecessor Alapan Bandyopadhyay was retained by the Chief Minister’s principal advisor following his retirement as the Chief Secretary.

TOKYO—Big Japanese investors stumbled disastrously into the U.S. commercial real-estate market in the late 1980s, when they bought high-profile properties like New York’s Rockefeller Center not long before the market fell hard. Now some Japanese institutional investors and real-estate companies are back—but this time it isn’t about flaunting trophy purchases.

tragic incident occurred off Maui's northern shore, leading to the death of a surfer following a shark encounter, as reported by the Maui Police Department. While authorities refrained from labeling it as an attack and did not detail the nature of the injuries sustained by the individual, the Ocean Safety Officers swiftly responded. Upon the incident, the Ocean Safety Officers promptly intervened, using a jet ski to transport the injured surfer to shore. Responders initiated life-saving measures until medical personnel arrived and subsequently transferred the victim to a hospital for further medical attention, detailed a police news release.

Japan earthquake tsunami LIVE news updates: In a major tragedy on the day of New Year, Japan was hit by 21 above 4.0 magnitude on Monday. The earthquakes, which were as intense as 7.6 magnitude triggered infrastructure collapse in the country with people running to save their lives.

Charlie Munger would have turned 100 years old today. Although he came close to reaching this century, it remained just out of reach, as he departed from us on November 28, 2023. The renowned investor left behind an extensive legacy detailing the essential factors behind his success, presented in his distinctive style characterised by straightforwardness and humour.

By Neeraj Agarwala

The Income Tax (IT) department has sent alerts through text messages and emails to around 3 million salaried taxpayers across the country, highlighting the apparent mismatch between TDS (tax deducted at source) and the refunds claimed by them in their revised tax returns, an official told FE.

Income Tax Return Filing Last Date: The deadline for filing Income Tax Returns for the FY 2022-23 expires today. Taxpayers who missed the July 31 deadline to file their ITR for the financial year 2022-23 have been cautioned by the tax department to do so by December 31, especially if they need to update or rectify errors in their returns.