Department Financial News

A charter plane with 276 Indian passengers, grounded in France for four days due to suspected human smuggling, returned to Mumbai on Tuesday. The incident underlines the risks of illegal migration, also highlighted in the film Dunki. Mint explains the nuances: The Punjabi word dunki, meaning to move, or hop from one place to another, has inspired the term “donkey route".

A 23-year-old woman was shot and killed by her 14-year-old brother during a “domestic altercation” over Christmas presents, according to the Pinellas County Sheriff’s Office in Florida.

Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance. «The need of the hour is to think big and to think bold while ensuring that execution remains timely and robust. It is not easy but can be done and India is seeing this more frequently now,» Joshi said at a conclave organised by State Bank of India on Wednesday. Highlighting the government's focus on fostering capital expenditure and new investment in the economy, Joshi called for a pull in «one direction» from the three key players in capital expenditure and investment — private sector entrepreneurs, bankers, and the government. «Banks delivered very good performance in FY23 as also in first half of FY24, strengthening capital and other key ratios, gearing up to attain scale to finance multiple large value projects/capex and ambitious transition to clean/green energy and mobility,» SBI's chairman Dinesh Khara said. India's GDP growth surprised on the upside in Jul-Sep, clocking in at 7.6% versus the Reserve Bank of India's estimate of 6.5%.

By Sumit Khanna and Rupam Jain

Jeremy Hunt as he endeavors to set the stage for the impending election, mandated to take place by January 2025. Prime Minister Rishi Sunak's Conservative party currently lags significantly behind the opposition Labour Party in the polls. Despite this, the country's economic challenges and budget deficit constrain the ability of Sunak and Hunt to engage in extensive pre-election spending. Amid calls from numerous Conservative lawmakers for tax reductions to regain voter support after 13 years of Conservative rule, Sunak and Hunt find themselves in a delicate position. The latest Ipsos poll in December indicated that Conservative support was at 24%, substantially trailing the Labour Party's 41%.

fire was reported at the Acme Shopping Centre at around 6:50 PM. The personnel of the fire department rescued at least 11 persons from the shopping centre while the eye-witnesses claim that more than 10 individuals are still stuck on the upper floor of the building. The administration informed that all those rescued are safe and the fire department is dousing the fire.

The Office of Foreign Assets Control (OFAC) of the United States Treasury Department has filed claims against CoinList Markets, a virtual currency exchange, and the company has agreed to pay more than $1.2 million to resolve the allegations. Despite sanctions imposed by the United States against Russia, which seized Crimea in 2014, CoinList continues to execute transactions for clients residing in the Crimea area of Ukraine. This move is a reaction to the fact that Russian sanctions have been imposed.

The Department of Finance on Dec. 20, 2023, released the short-term rental draft legislation as part of a small package of taxation proposals. For those who need a reminder, short-term rental owners/operators that are operating in a municipality that prohibits such rentals are apparently evil and need to be punished to the extreme from an income tax perspective.

OSLO (Reuters) -Denmark's Maersk said on Wednesday it has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the next several weeks, in a further sign that global shipping firms are returning to the route.

South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year. 

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

Christmas is over, but giving season for nonprofits is just starting to peak

Disney has filed a lawsuit claiming that the oversight government for Walt Disney World, which was taken over by appointees of Gov. Ron DeSantis earlier this year, has failed to release documents and properly preserve records in violation of Florida pu...

immigration consultancy firm in Gujarat's capital Gandhinagar were arrested by the state Crime Investigation Department (CID) on Wednesday for allegedly forging bank account statements of visa seekers, said an official. Investigation revealed that the accused trio used to prepare fake statements of their clients' bank accounts and attach the forged documents with their visa applications to get speedy approval from the authorities, said a release by the state CID (Crime and Railways). Embassy officials review bank statements to ensure that visa seekers meet the financial requirements for their intended stay in the host country.

BJP's triumph in the assembly polls, considered by many a foregone conclusion in favour of Congress, series of ED actions, including in the Mahadev betting app case, a deadly Naxal attack, and nude men protesting over jobs dominated the events in Chhattisgarh in 2023. Though elections were held at the end of the year, poll mood prevailed in Chhattisgarh throughout with top leaders of BJP, Congress and AAP making frequent visits to the state for rallies and meetings, and chalking out their strategies.

chickens collided with other vehicles amid dense fog. The incident took a troubling twist as onlookers and commuters, instead of assisting the injured driver, engaged in looting the birds from the stranded vehicle.

You might not want Donald Trump for president, but you probably don’t want Liz Cheney either, judging by a recent piece in this newspaper. Checks and balances, she maintains, won’t work to contain Mr. Trump because he might have “allies" in Congress.

The problem was staring up from a deck of cards, handed from one presidency to the next. As the Trump administration exited the White House, its national security team left behind some 30 baseball-style cards for the incoming Biden staff, monuments to an ancient practice that had somehow become a grave 21st-century challenge. Each bore the photo of an American held hostage abroad.

Assam has issued an advertisement for recruitment of 14,223 school teachers across the state, Education Minister Ranoj Pegu said on Wednesday. In a series of posts on X, Pegu said the Directorate of Secondary Education has released the advertisement for 1,424 post-graduate and 7,249 graduate teachers. The graduate teachers will be recruited from different streams like arts, science, Hindi and Sanskrit for provincialised secondary schools. Provincialisation refers to the government taking over all liabilities of a non-government school, which was established with the sole purpose of imparting education to serve the society, for payment of salaries and other benefits to teachers, officials said. Pegu said the Directorate of Elementary Education has also released an advertisement for recruitment of 3,800 Assistant Teachers of Lower Primary (LP) Schools. Besides, 1,750 posts of Assistant Teachers, Science Teachers and Hindi Teachers of Upper Primary (UP) Schools have been advertised in various newspapers. Reacting to the development, Chief Minister Himanta Biswa Sarma said: «Today, our government has released vacancies for over 10,000 posts in the education department.

I-T department and, if necessary, revise their returns already filed or to file the return if not filed, so far, it added. "Taxpayers are requested to respond to the communication on priority," the I-T department said.