Department Financial News

06.10 / 19:31

COST UPS Digital information Department RBI Governor Shaktikanta Das cautions lenders over rise in unsecured loans

India's central bank Friday flagged the need for greater scrutiny of the financial sector's rising unsecured loan exposure, warning both high-street lenders and non-banking finance companies (NBFCs) to strengthen their risk management systems in what is seen as a precursor to tightening capital requirements for such advances. In his statement accompanying the monetary policy review, central bank Governor Shaktikanta Das said that though banks and NBFCs continue to be resilient, certain components of loans are recording very high growth. «We have to be mindful of what can, going forward, pose a challenge and become a future risk. In certain segments of retail credit, we saw high growth,» Das said after the monetary policy review meeting in Mumbai.

06.10 / 18:27

UPS LGBT IBC Experts BELA Department SC verdict on govt as secured creditor soon

New Delhi: The Supreme Court is set to rule whether the government can be considered a secured creditor when an insolvent company has not paid its dues. The judgment is expected to have a bearing across the bankruptcy resolution spectrum, since treating such dues on par with loans from secured creditors will diminish the payouts to the latter. Under India’s Insolvency and Bankruptcy Code (IBC), secured creditors such as banks and financial institutions get priority in getting repaid through the resolution process, while unpaid dues to vendors, suppliers and government dues are treated as operational credit, and they fall lower in the so-called waterfall mechanism.

06.10 / 18:21

Provident Bill Experts social 2020 Department recommendations Investors roll more than $600 billion a year to IRAs. Anticipated Labor Department rules could raise their protections

The U.S. Department of Labor is poised to issue a rule in coming weeks that's likely to raise protections for investors who roll money from a 401(k) plan into an individual retirement account, according to attorneys who specialize in retirement law.

06.10 / 16:57

Department U.S. Treasury details EV tax credit rebate rules

By David Shepardson

06.10 / 16:19

COST UPS President information 2020 Department 2024 6 Questions to Ask Before Taking College Loans in 2024-25

If you’re thinking about a college loan for next fall, it’s time to start looking at your options. Factors for students and their families to consider include who is taking the loan—parent, student, or both—the type of loan, amount and interest rate, which could be considerably higher than in recent years. Repayment plans are another consideration, including a new repayment option for federal student loans announced earlier this year by President Biden.

06.10 / 15:39

COST Provident Department guidelines guidance U.S. releases new guidance on EV tax credit rebate rules

The U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.

06.10 / 15:39

UPS Waves Lowe's Yellow Department Weekly Gold up on day but in 3rd weekly loss, amid massive US jobs growth, Fed worry

Investing.com — Gold prices were trending higher on Friday despite data pointing to another massive US jobs growth in September and the potential for the Federal Reserve to hike rates again before the year-end, in what would be a boon to Treasury yields and the dollar and a curse to the yellow metal.

06.10 / 15:33

UPS FIVE Ford economy reports Department Live news: Canada adds 64,000 jobs in September, blasting past expectations

A hotter-than-expected jobs report will likely nudge the United States Federal Reserve toward raising interest rates again by the end of the year.

06.10 / 14:17

Align Death CBS President information Department For Biden and Trump, Age Really Is Just a Number

Either Donald Trump or Joe Biden would be the oldest person to win the presidency if they prevail in next year’s election. At age 77 and 80, respectively, both are already past the U.S. life expectancy of 76.4 years.

06.10 / 14:09

COST economy show country reports Department surges U.S. Treasury yields climb after jobs growth surges in September

Investing.com — U.S. Treasury yields jumped on Friday after new employment data showed that job growth in the world's largest economy unexpectedly surged in September, heaping on to investor worries that the Federal Reserve may now have more headroom to lift interest rates again in 2023 and potentially leave borrowing costs elevated for a longer period of time.

06.10 / 13:45

UPS Twitter show reports Department U.S. jobs growth unexpectedly spikes in September

Investing.com — U.S. job growth unexpectedly surged in September, while the unemployment rate and wage growth held steady, pointing to a lingering tightness in the labor market that could impact Federal Reserve monetary policy over the rest of the year.

06.10 / 13:27

UPS Highways Department open Karnataka: CM Siddaramaiah nixes proposal to open new liquor outlets

Siddaramaiah has nixed a proposal from the Excise department to issue permits for hundreds of new liquor retailing outlets to raise tax revenue. “We will not open them,” the CM told the media at Chitradurga, responding to media queries. The minister (RB Thimmapur) has talked about plans to open 1000 liquor shops, but the government will not open them, the CM said.

06.10 / 12:59

Provident economy reports Department US economy adds 336,000 jobs in September, blowing past expectations

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

06.10 / 12:43

UPS economy show reports Department U.S. economy adds 336,000 jobs in September

Investing.com -- The U.S. economy added far more jobs in September than expected, while the unemployment rate and wage growth held steady, pointing to lingering tightness in the labor market at the end of the third quarter.

06.10 / 12:09

UPS President information Department recommendations NOT Not opening more liquor shops in Karnataka, says CM Siddaramaiah

Karnataka Chief Minister Siddaramaiah on Friday said his government will not be opening more liquor shops in the state. «No we are not opening...who said we are opening? Minister has said we will think about it, but we will not open,» he said in response to a question. The Karnataka Excise Department has submitted a proposal to the government recommending setting up of liquor shops in gram panchayats with a population of over 3,000.

06.10 / 11:15

UPS economy country Department Govt may liberalise FDI norms for space sector: DPIIT Secy

FDI) in the Space sector is allowed up to 100 per cent in the area of Satellites-Establishment and Operations through government route only. While addressing a road-show event for the Vibrant Gujarat Summit to be held on January 10-12, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said, the government may liberalise FDI norms for the country's Space sector.

06.10 / 11:09

Reuters Action Software Mark Warner Huawei President innovations Department Exclusive-US-China tech war: RISC-V chip technology emerges as new battleground

By Stephen Nellis and Max A. Cherney

06.10 / 10:33

Provident VISA country information reports Department evacuation Nijjar killing row: Canada evacuates its diplomats from India to Southeast Asia following deadline over staff reduction

Canadian diplomatic staff in the country to a level on par with the number of Indian diplomats in Canada. Canadian Prime Minister Justin Trudeau had sparked a diplomatic crisis last month after claiming that there were ‘credible allegations’ linking Indian government agents to the June murder.

06.10 / 10:33

Citi WhatsApp Department ICC World Cup 2023: IMD says 'weather clear for India vs Pakistan match in Ahmedabad, but…'

ICC World Cup 2023: India is set to play its first World Cup match against Australia on Sunday, but more than a billion cricket fans are waiting for the epic clash between India and Pakistan on 14 October at Narendra Modi Stadium, Ahmedabad. Indian Meteorological Department (IMD) on Friday also gave its green signal to the India vs Pakistan clash as it predicted clear skies for the day. IMD Gujarat has clarified that even if light or moderate rain occurs, it will be restricted to limited areas and may not hamper the match.

06.10 / 10:33

WhatsApp show Department Delhi Police FIR on NewsClick says 'funds routed from China', founder 'conspired to sabotage' 2019 polls

'Cannot be considered acceptable...': Media organisations write to CJI after NewsClick raids Purkayastha – allegedly an active member of the Propaganda Department of the Communist Party of China – also stands accused of election tampering. As per the Delhi Police he had conspired with the ‘People's Alliance for Democracy and Secularism’ to sabotage the electoral process during the 2019 Lok Sabha polls.

06.10 / 09:57

Citi Shell country Department Funds came from China to disrupt India's sovereignty: Delhi Police FIR against NewsClick

FIR filed under anti-terror law UAPA following allegations against news portal NewsClick, has alleged that a large amount of funds came from China in order to disrupt India's sovereignty and cause disaffection against the country. The Delhi Police served a copy of the FIR to the portal on Friday, a day after a city court directed it to do so.

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