Department Financial News

(This Oct. 18 story has been corrected to removes the reference to Senator Brian Schatz in paragraph 7)

ethnic strife, the affected people belonging to the Meitei community have voiced out their utmost sufferings in eking out their living. Stating that money is the only driving wheel to augment their daily requirements, they categorically demanded the government to provide family allowance money on priority basis.

chicken manure in farming and its far-reaching impact on the pollution of the scenic River Wye. River Action, a dedicated anti-pollution charity, has initiated legal proceedings against the Environment Agency (EA) for allegedly permitting excessive levels of organic manure runoff into the river. Within the sprawling Wye catchment, an astonishing 20 million chickens are raised, constituting a staggering quarter of the UK's poultry population.

Investing.com — Oil prices rose Friday, on track for a positive week, boosted by the news that the U.S. was looking to refill its strategic reserves as well as heightened fears that the Israel-Gaza crisis may spread in the Middle East, potentially disrupting supply.

Investing.com — Oil prices rose Friday, on track for a positive week, boosted by the news that the U.S. was looking to refill its strategic reserves as well as heightened fears that the Israel-Gaza crisis may spread in the Middle East, potentially disrupting supply.

Income Tax (IT) Department is contemplating the organisation of campaigns aimed at aiding taxpayers. In addition to this, it is actively exploring alternative methods to expedite the refund processing, according to Financial Express. The processing of I-T refunds faced challenges when it was done manually.

ISRO's bid to get industry to produce its highly successful polar satellite launch vehicle reached a significant milestone on Friday when propellant ingredients for the solid motors were delivered to the Satish Dhawan Space Centre in Sriharikota for the inaugural flight of the industry-manufactured PSLV N1. The Department of Space, through its commercial arm NewSpace India Limited (NSIL), had in September last year placed a Rs 860 crore order with a consortium of L&T and HAL to build five PSLVs towards productionisation of the third generation launch vehicle of India.

Supreme Court in the adjusted gross revenue (AGR) matter, requesting that the levy of interest, penalty and interest on penalty on the statutory dues are reconsidered. The company has also drawn the court’s attention to the fact that mathematical/calculational errors exist in the dues amounts claimed by the Department of Telecommunications (DoT). The petition is filed against the court’s earlier order in January 2020, when the court had rejected the firm’s limited review petition seeking waiver of interest, penalty and interest on penalty on their AGR dues. Bharti Airtel and Vodafone Idea too have filed curative petitions on October 9 regarding similar matters. “On October 17, 2023, company has filed curative petition in Supreme Court against the review order dated January16, 2020 passed…and also against the judgment and order dated October 24, 2019 passed by this court and the connected appeals,” Tata Teleservices (Maharashtra) said in a regulatory filing Friday. “Through this Curative Petition, company has requested the Hon’ble Supreme Court to reconsider levy of interest, penalty and interest on penalty on AGR dues and has also drawn its attention to the fact that mathematical/calculational errors exist in the dues / amounts claimed by DoT,” the company added. It said it doesn’t expect any negative financial implication. The petitions filed by the companies seek to set aside the October 2019 judgement to the limited extent of imposition penalty and interest on penalty and allow correction of arithmetical errors in the provisional demands raised by DoT. Of the total Rs 1.47 lakh crore of AGR dues, nearly 75% comprised interest, penalty and interest on penalty, the companies said.

Chinese Consulate in San Francisco last week is said to be armed with a knife and had a loaded crossbow in his car. Zhanyuan Yang, the driver in a blue sedan was then fatally shot by police on October 9.

Hundreds of passengers, travelling to their hometowns for the Durga Puja festivities from the state, were seen waiting in long queues at different bus stands and terminals since early morning. Association general secretary Debendra Sahu said though the Odisha government during a meeting on October 9 had assured that buses under the Location Accessible Multimodal Initiative (LAccMI) will not ply from the blocks to districts, «the promise has not been kept». Odisha Transport Minister Tukuni Sahu had appealed to the private bus owners to call off the strike in view of the Durga Puja festival, but the association remained adamant on its demand and sought a written assurance from the administration, the officials said.

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices

The Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans

U.S. State Department on Thursday issued a worldwide security alert for Americans overseas amid the Israel-Hamas conflict, citing increased tensions in various locations around the world and the potential for extremist attacks and violence against Americans. The alert did not single out any specific global event but comes amid a conflict in the Middle East after Palestinian Islamist group Hamas attacked Israel on Oct.

Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes.

United States is warning citizens to “exercise increased caution” when travelling overseas with the State Department citing “increased tensions” in various parts of the world.In a “worldwide caution” advisory issued on Thursday, the government said in addition to increased tensions, there were concerns over the potential for terrorist attacks, demonstrations or violent actions against citizens or U.S. interests.State Department spokesperson Matthew Miller said there was no specific cause for the warning.“We’re monitoring conditions around the world, we’re monitoring conditions in the region, we take a number of factors into consideration when making that determination.

Thomas Brenner, a former broker, has been sentenced to more than 10 years in prison by a federal judge in Ohio after pleading guilty to securities fraud that enabled him to acquire funds to pay for a race car and finance back taxes.

By Rodrigo Campos and Mayela Armas

Investing.com — President Joe Biden has revived his bid to refill the heavily-drawn US oil reserve, with the Department of Energy announcing two separate offers of crude purchases on Thursday totaling 6 million barrels, to be delivered between December this year and January 2024.

(Reuters) — WeWork's Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley as permanent CEO.

cabinet secretary, on Thursday, took stock of the status of the ongoing talks under India-UK free trade agreement on issues such as rules of origin, tariffs and phasing out of duties to iron out the knotty areas. According to people familiar with the development, the commerce department made a detailed presentation on the pending issues in the run-up to the finalisation of the trade pact, which is expected to be inked later this month in the presence of UK Prime Minister Rishi Sunak. “Trade negotiations with the UK are happening at a fast pace. A committee of secretaries was briefed about the pact,” said an official. Senior officials from the departments of agriculture, pharmaceuticals, food processing, finance and heavy industries took part in the meeting, a key step in the run up to inking of the trade pact. Last week, senior commerce and industry ministry officials made a presentation to the Prime Minister's Office on the agreement and the two sides are engaged in hectic negotiations. It will be New Delhi’s first such comprehensive deal with an industrialised nation that seeks to spur bilateral annual business beyond the current $20 billion. The pact will have 26 chapters.

Given that 3.5 million cases of tax refunds are “held up”, the Income Tax (IT) department is considering organising campaigns to assist the taxpayers, apart from proactively pursuing other means to process the refunds.