Department Financial News

Election Commission on Friday accepted the Jharkhand government's proposal to appoint Alka Tiwari as the chief secretary of the poll-bound state. Assembly polls in Jharkhand will be held in two phases — November 13 and November 20. Tiwari, who is from the 1988 batch, is currently the senior-most IAS officer in the cadre. Before this, the poll panel had also consented to the proposal of a five-month extension of the tenure of former chief secretary Lalbiaktluanga Khiangte, the sources said.

Manipur said that a higher amount of funds was sanctioned in the hilly areas than in the valley areas. Some tribal organisations, tribal leaders and MLAs have been accusing the state government of imbalanced allocation of funding of the Central Road Infrastructure Fund (CRIF) under the Ministry of Road Transport and Highways. Ningombam Subhash, the Chief Engineer of Manipur's Public Works Department, said that between 2020-21 and 2024-25, Rs 2,395.51 crore was sanctioned for different road and bridge projects in the hill areas of the state while Rs 1,300.21 crore was sanctioned for the valley areas.

FOX Business Stuart Varney examined why most Americans are unhappy with their financial position as the U.S. economy thrives.

Indian Army special contingent of 25 personnel departed to Indonesia on Friday for a joint exercise 'Garud Shakti'. The 9th edition of India-Indonesia Joint Special Forces Exercise Garud Shakti 24 will be conducted from November 1 till 12. The Indian Army personnel will be reaching Cijantung in Jakarta, Indonesia.

According to a Pentagon audit, Boeing has overcharged the Air Force on spare parts for a major cargo plane, including marking up the price of simple lavatory soap dispensers by 8,000%

unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy's strength heading into the final stretch of 2024 and just days before next Tuesday's presidential election. Though prices pushed higher last month, inflation is firmly on a downward trend, with other data on Thursday showing labor costs posting their smallest gain in more than three years in the third quarter. The data likely keeps the Federal Reserve on track to cut interest rates next week and again in December. «We are not concerned that inflation's progress toward the Fed's target is stalling, let alone reaccelerating,» said Ryan Sweet, chief economist at Oxford Economics.

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

Fewer Americans filed for unemployment benefits last week as layoffs remained at historically healthy levels despite elevated interest rates

The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company’s development of a competing me...

Vivek Joshi, a 1989 batch Indian Administrative Service (IAS) officer, was appointed the chief secretary of Haryana on Thursday. According to a state government order, Joshi, under repatriation from the Government of India, has been posted as the chief secretary to the Haryana government upon his joining the state cadre. Joshi replaces incumbent Chief Secretary TVSN Prasad, a 1988 batch IAS officer who superannuated from the post on Thursday. Joshi, who was the DoPT secretary, was recently sent back to his cadre state Haryana.

Russian military. The announcement was made by US Treasury and State Departments in what they described as «third-country enablers”. However, there is no independent verification if these Indian firms were part of efforts to boost Russian military apparatus. “…The U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Today’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye,” according to the announcement.

Maris Sangiampongsa is scheduled to meet his Indian counterpart S Jaishankar here on November 2 as part of his soon-to-begin visit to India, according to the Ministry of External Affairs. Sangiampongsa is expected to arrive here late on Thursday night and depart on November 3, as per his itinerary shared in an advisory by the MEA. On November 1, the Thai minister will have engagements in the national capital while on November 2 he will meet External Affairs Minister Jaishankar at the South Block. Sangiampongsa visited New Delhi from July 11-13 for the second BIMSTEC Foreign Ministers' Retreat hosted by the Indian external affairs minister and for his first official visit to India.

it was Kaur’s mother who discovered the 19-year-old in the oven at the Mumford Road big box store on Oct. 19.Both mother and daughter are a part of the Sikh community and had been working at the Walmart store for about two years.

Arizona residents will be able to get recreational marijuana delivered to their homes beginning Friday

A massive Lithium deposit has been discovered underneath the Salton Sea in California. FOX Business Correspondent Max Gorden discusses the plans for extraction and concerns over the environmental impact.

Three Massachusetts utilities and a transmission line developer have agreed to pass along $512 million in added costs to Massachusetts ratepayers for an electric transmission project in western Maine

Diwali, the Union government on Wednesday issued an order for granting an additional instalment of dearness relief to pensioners. The Union Cabinet had, on October 16, approved the additional instalment of dearness allowance (DA) and dearness relief (DR) at 3 per cent to central government employees as well as pensioners, effective from July 1, 2024. In pursuance, the Department of Pension & Pensioners' Welfare (DoPPW) has issued an order dated October 30, 2024 for all central government pensioners/family pensioners, the personnel ministry said in a statement. Now central government pensioners, including family pensioners, will become entitled to higher amount of dearness allowance and dearness relief from the existing rate of 50 per cent to 53 per cent of their basic pension/family pension, according to the statement.

Deepotsava since the installation of Ram Lalla in the newly built temple. Words like “Amazing, Youthful, Opulent, Dynamic, Heavenly, Yellow glow, and Admirable” barely capture the city's vibrant spirit as it welcomed devotees and tourists for this year’s historic festivities. Wednesday’s celebration marked the achievement of two Guinness World Records, set by the Uttar Pradesh Tourism Department, Ayodhya District Administration, and Saryu Arti Samiti. Ayodhya broke the record for the largest display of oil lamps, with 2,512,585 diyas lighting up the banks of the Saryu River. The second record saw 1,121 people performing ‘diya’ rotations simultaneously in a grand aarti, showcasing Ayodhya’s unity in devotion. Deepotsava, a five-day festival, commemorates Lord Rama’s return to Ayodhya after his 14-year exile and has grown in both cultural significance and tourism appeal. Since 2017, Ayodhya has transformed, drawing millions annually. Local businesses thrived as visitors flooded the city, with new hotels and nighttime activities enhancing Ayodhya’s vibrancy.

TrendMacro chief investment officer Don Luskin offers his analysis after Jamie Dimons criticism of the economy under Biden-Harris on «The Evening Edit.» 

The U.S. government has chosen winning bids to develop wind power off New England in the first commercial sale for floating offshore wind on the Atlantic coast

Waqf land claim controversy, Karnataka Chief Minister Siddaramaiah reiterated on Wednesday that no notice of eviction has been issued to farmers and that no one who has possessed property will be evicted. The CM had earlier flagged off the 20 new Airavata Club class 2.0 buses in Bengaluru with Deputy CM DK Shivakumar. «I have already made a statement. We have not issued any notice to the farmers and we are not going to evict anybody who has been in possession of the property for many years,» he said.