Department Financial News

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts

MGNREGS) till January 10 in 2024-25, the Economic Survey released on Friday said. The survey report, which was tabled in Parliament by Finance Minister Nirmala Sitharaman, said 308.9 crore person days of employment was generated in 2023-24, 293.8 crore person days were generated in 2022-23, while 363.3 crore person days were generated in 2021-22. In the COVID-19 pandemic year of 2020-21, 389.1 crore person days of employment was generated.

Elon Musk is seemingly taking the «efficiency» part of his new role very seriously. The Donald Trump ally, who was appointed as head of the Department of Government Efficiency (DOGE), told multiple associates that he’s been sleeping at the DOGE headquarters, Wired reported. DOGE is based out of the Eisenhower Executive Office Building, just steps from the White House.

President Donald Trump’s abrupt freeze of U.S. foreign aid is sending shockwaves through Eastern Europe

Emails obtained by The Associated Press reveal Doug Burgum as North Dakota governor catered to the whims of oil and gas executives while leveraging those connections to expand his political profile

Tesla CEO Elon Musk has actually embarked on an ambitious mission with the Department of Government Efficiency (DOGE) while demonstrating his characteristic ‘hardcore’ work approach by reportedly sleeping in the Eisenhower Executive Office Building near the White House, reported Daily Mail. As an extremely key figure in the US President Donald Trump administration, Tesla CEO Elon Musk is laser focused on dramatically reducing the government spending and bureaucratic inefficiencies.

American Airlines plane that crashed into a military helicopter while landing at Ronald Reagan Washington National Airport in Arlington, Va.Dozens have died, however, with “no survivors,” according to U.S. President Donald Trump, who called it a “real tragedy.”Global Affairs Canada told Global News on Thursday that it is “not aware of any Canadians onboard” American Airlines Flight 5342 from Wichita, Kansas, to Washington, D.C.“Global Affairs Canada extends deepest sympathies to all those affected by the plane and helicopter crash in Washington D.C.,” the department said.“Officials are in touch with local authorities and continue to gather more information.”At least 28 bodies were recovered from the Potomac River following the collision Wednesday night.A search-and-recovery operation is underway to find the remaining 39 passengers and soldiers who remain unaccounted for.“Sadly, there are no survivors,” Trump said during a news conference Thursday morning.“This was a dark and excruciating night in our nation’s capital and in our nation’s history, and a tragedy of terrible proportions.”D.C.

The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong

WASHINGTON — The man U.S. President Donald Trump has chosen to oversee his tariff agenda says hitting Canada with 25 per cent across-the-board duties would be an emergency measure to achieve border security — and could be followed by more tariffs in the future.

The Claman Countdown panelists Jonathan Corpina and Ashish Shah unpack the cause of market volatility and discuss the Federal Reserves decision to leave rates unchanged.

Subscribe to enjoy similar stories. WASHINGTON—Two million government workers opened their email inboxes this week to find a note from an obscure federal agency offering them a chance to resign on the spot. One employee said they thought the email, sent late Tuesday, was a phishing scam.

government job exams find the interview stage quite intimidating. In fact, some candidates successfully clear the Prelims and Mains but fail to get through the interview stage. While interviews primarily assess a candidate’s personality and communication abilities, they also serve as another screening layer to select the most suitable candidates.

Kash Patel, President Donald Trump's pick to lead the FBI, will encounter deeply skeptical questioning from Democratic senators Thursday about his loyalty to the president and stated desire to overhaul the bureau as he faces a high-stakes hearing that will help determine his path toward confirmation. Patel, a Trump loyalist who has railed against the FBI over its investigations into the president and claimed that Jan 6 rioters were mistreated by the Justice Department, was picked in November to replace Christopher Wray, who led the nation's premier federal law enforcement agency for more than seven years.

Subscribe to enjoy similar stories. EVEN AS AMERICA’S relationship with China enters a new, less predictable era, Donald Trump and Xi Jinping see the value in talking. On January 17th the leaders had a “very good" phone call, wrote Mr Trump on social media.

Subscribe to enjoy similar stories. Bengaluru: Less than five weeks before the US trial of a six-year-old case begins to determine whether two former executives of Cognizant Technology Solutions Corp. (CTS) routed illicit payments through Larsen and Toubro Ltd to unnamed Indian government officials, it is unclear if an ex-Cognizant executive, the US government’s “essential witness" will travel to testify when the case starts on 3 March.

Wharton School finance professor emeritus Jeremy Siegel gives his take on the Federal Reserve's decision to leave rates unchanged on ‘The Claman Countdown.’

United States President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend if they clamp down on border security — while also signalling that Trump is likely to impose widespread new levies to return manufacturing to U.S. soil.

Vivek Ramaswamy eventually discussed regarding his departure from the Department of Government Efficiency (DOGE) which he was co-leading with Tesla CEO Elon Musk under the administration of US President Donald Trump. The Hill reported that Vivek Ramaswamy claimed that his exit was actually a mutual decision which was driven by his intention to pursue elected office in the state Ohio.

tax overreach, such as the legally contentious retrospective taxation of Vodafone, is jeopardising India's growth story by deterring domestic and foreign investors. Coupled with regulatory hurdles, these measures undermine India's potential to emerge as the next global growth hub. In many cases, the challenge is so acute that enterprises and HNIs are relocating abroad or scaling down local manufacturing capacity to minimise interactions with regulators and tax authorities.

US government’s human resources (HR) department, recently sent an email to federal employees offering them an eight-month severance package if they choose to resign. The offer, which is set to expire on February 6, requires employees to send an email with the word “resign” in the subject line. However, military personnel, postal workers and national security staff are excluded from this offer.