Department Financial News

Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, as rising emigration numbers hint at newcomers being forced to turn their back on a country that they chose to make their adopted home. Prime Minister Justin Trudeau has made immigration his main weapon to blunt Canada's big challenge of an aging and slowing population, and it has also helped fuel economic growth. That drove Canada's population up at its fastest clip in more than six decades this year, Statistics Canada said. Want to know if you qualify for immigration? Click here But now a reversal of that trend is gradually taking hold.

Rishi Sunak's team are in New Delhi this week to add momentum behind the ongoing round of negotiations for an India-UK free trade agreement (FTA), according to a UK media report on Saturday. 'The Guardian' newspaper reports that while there is no official comment from either side on such a visit, Prime Minister Narendra Modi-led government is keen to finalise the FTA by the end of February before Modi sets off on an expected general election campaign trail. Both countries are heading into an election year in 2024 and signing off on a trade agreement with India will bolster Sunak's electoral pitch to voters showing signs of anti-incumbency towards his governing Conservatives.

PMAY-G) to deceased persons, payment of instalments to those ineligible to the scheme and full assistance paid against non-existing houses have been found during an audit exercise in 10 districts of Bihar, an official said on Saturday. Unrealistic geo-tagging of house locations and payment of instalments in wrong accounts are also among the discrepancies observed by teams of the accountant general (AG-Bihar) during the audit of the implementation of the rural housing scheme in the state.

FINTRAC is Canada’s primary financial intelligence unit, reporting to the minister of finance. It is also the country’ anti-money laundering and anti-terrorist financing supervisor. Based in Ottawa, with three regional offices across the country, its mandate is to ensure the compliance of businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Actand associated regulations. FINTRAC also collects financial intelligence for police, law enforcement and national security agencies to assist in the investigation of money laundering and terrorist activity financing offences or threats to the security of Canada. It can impose administrative financial penalties, as it did with the two banks, or make a non-compliance disclosure to law enforcement. “Proceeding in one manner prevents proceeding in the other,” according to FINTRAC’s website.

premier agency for military research and development will pause missile testing at Wheeler Island off Odisha coast during their nesting season, reported Times of India. He said the Defence Research Development Organisation (DRDO) operates two major missile testing ranges in Odisha- Chandipur in Balasore district and the APJ Abdul Kalam Island, formerly Wheeler Island, in Bhadrak district. "It is an annual practice to request the DRDO to restrict testings during this time as these locations are close to the famed Gahirmath sanctuary, which is considered the cradle of olive ridley turtles," the senior official of the state Forest Department told PTI.

Devendra Fadnavis introduced the Maharashtra Casino (Control and Taxation) Bill. The Bill aims to repeal the 45-year-old Maharashtra Casinos (Control and Tax) Act, 1976, which will ensure that the state will not have casinos in future. The Maharashtra Casino (Control and Taxation) Bill was unanimously passed by the lower house in Maharashtra Legislative Assembly.

Congress MP Dhiraj Prasad Sahu in Income Tax department raids shows how the grand old party has kept the tradition of corruption alive generation after generation, the BJP said on Saturday. A huge pile of cash has been recovered so far in the searches conducted by the Income Tax department against Odisha-based Boudh Distillery Private Limited and entities linked to it.

DRDO to restrict missile testing off the Odisha coast in February and March — the mass nesting season of the endangered olive ridley sea turtles, an official said on Saturday. The Defence Research Development Organisation (DRDO) has two major missile testing ranges in the state — Chandipur in Balasore district and the APJ Abdul Kalam Island, formerly Wheeler Island, in Bhadrak district, he said. «It is an annual practice to request the DRDO to restrict testings during this time as these locations are close to the famed Gahirmath sanctuary, which is considered the cradle of olive ridley turtles,» the senior official of the state Forest Department said.

exercise, which is conducted every six months, was held on the R12A (Ratna) Platform of Oil & Natural Gas Corporation (ONGC) around 83 km away from Mumbai harbour. The 'Prasthan' is conducted to validate measures and procedures to address various contingencies that may arise in the oil production platforms and was held in two phases on Friday.

India's 'biggest' IT raids has raised political temperature as the BJP has launched an attack against the Congress MP Dhiraj Sahu. The Rajya Sabha MP also came under the IT department's scanner in the matter. So far, the agency has recovered around ₹290 crore of black money from the raid and the number is bound to rise as the counting of cash continues on Saturday.

NPS employees, who otherwise fulfil the conditions for availing CGHS facility fulling conditions, shall be eligible for grant of fixed medical allowance (FMA) on the same rates as in the case of pensioners drawing pension under Old Pension Scheme, if they are residing outside CGHS area and do not avail OPD facility under CGHS after retirement. This was announced via an office memorandum dated December 6, 2023 by the Ministry of Personnel, Public Grievances and Pensions.

₹290 crore. The massive cash recovered from multiple spots has made the ongoing raid as the “highest-ever" black money haul by any agency in a single operation, reported PTI citing official sources. The tax department has deployed about 40 large and small machines to count currency notes and brought in more department and bank staffers to finish counting process.

Hamas a terror group’. She said the designation of an organization as terrorist is covered under the Unlawful Activities (Prevention) Act and declaring any organization as terrorist is considered as per the provisions of the Act by the relevant government departments. In a post on X (formerly Twitter), she said that an inquiry would reveal the culprit.

IMD Weather Update: In Bihar, dense fog will engulf most of the state in the next two days, according to the IMD, which issued a yellow alert on Friday. As a result of rains in several districts of Bihar, dense fog is likely to develop in 33 of them, except for Khagaria, Bhagalpur, Munger, Banka, and Jamuni, according to the India Meteorological Department (IMD), according to a PTI report. According to the state Disaster Management Department, the fog alert was issued until 8.30 am on December 10.

NDTV. In an official statement, the IMA confirmed its decision to suspend EA Ruwais who is alleged to be involved in the suicide of a woman doctor 'Shahana' pursuing her 2nd-year postgraduate training in surgery. Dr Joseph Benaven, President of Indian Medical Association Kerala State Branch stated that police arrested the accused under the dowry prohibition act and remanded him to judicial custody, NDTV reported.

By Humeyra Pamuk

SlateStone Wealth Chief Market Strategist Kenny Polcari discusses how the robust September jobs report could impact the Fed's inflation battle on 'Varney & Co.'

U.S. Congress released the National Defense Authorization Act for 2024 this week, but failed to include crypto provisions in the critical piece of legislation.

West Bengal's Murshidabad Medical College tragic befell, when nine newborns died within a span of twenty four hours. Out of the 10 babies, three were born in the hospital and seven were brought there from other medical facilities for treatment, hospital officials informed said. The senior official also informed that of the nine newborns who died, two were suffering from congenital heart diseases, one had congenital neurological problem, two were suffering from septicemia, three had low birth weight and one had congenital problem along with low birth weight.

Bank of India (RBI) on Friday said the Indian economy may expand 7% in the current fiscal year against its previous projection of 6.5%, taking comfort from rising rural consumption, increasing capital expenditure, and a slew of high-frequency indicators. Still, it does not expect inflation to cross its estimate of 5.4%, even as growth kicks into high gear in the world’s fifth-largest economy.

C3 AI CEO Tom Siebel provides insight on the unimaginably powerful technology on The Claman Countdown.