Department Financial News

25.12 / 08:21

security Trade information reports travelers Department Updates Where a tax NUDGE becomes an unintended and intrusive push

tax department is accurate in most cases and that the return should therefore be revised. This assumption, however, is flawed.The problem is not one of intent or aggressive enforcement.

25.12 / 08:21

COST MET Nordstrom reports Department Relationships Saks clients complained about stylist long before he was accused of $400,000 scam

a criminal complaint the Boston Police Department filed this month with the city’s Municipal Court. The complaint said Kwatra then transferred the money from the refunds onto store gift cards and subsequently purchased merchandise with those gift cards.The Saks officials gave police a letter they said Kwatra wrote, estimating total losses at more than $400,000.

24.12 / 08:45

Aware Experts performer stage reports Department Profiles Power PSUs weigh exit from debt-laden energy-efficiency venture as stress mounts

Subscribe to enjoy similar stories. NEW DELHI: Any private takers for a loss-making company owned by public sector power giants that is owed over ₹4,000 crore and has borrowed heavily to fund its investments? The answer will be known when the company’s promoters decide to list its shares. The company is Energy Efficiency Services Ltd (EESL), a joint venture owned by state-run NTPC Ltd, Power Finance Corp., Rural Electrification Corp.

24.12 / 02:09

President Photos Justice show Department Courts Takeaways from the FBI’s second batch of Epstein files

Subscribe to enjoy similar stories. The Justice Department released a second trove of files related to the late Jeffrey Epstein, including a fake video that purported to show the sex offender’s suicide. Roughly 11,000 documents were posted on the department’s website on Tuesday.

23.12 / 11:09

markets Trade reports Department Courts Updates International AI training methods do not violate our copyright law—but the output that AI models generate might

In Ex Machina last week (‘AI use of original work: A reverse Robin Hood proposal’), I argued that the working paper issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on copyright and artificial intelligence (AI) falls short of its objective because the mandatory blanket licensing regime it proposes transfers wealth away from the very creators it was supposed to protect. But as bad as this suggestion is, it is not the most egregious conceptual shortcoming of the report.

23.12 / 07:01

markets Target Action security Justice country Department US targeting oil tankers in bid to stymie global black market

Subscribe to enjoy similar stories. The U.S.’s pursuit of oil tankers around Venezuela is part of a new legal strategy under the Trump administration to seize ships that transport black market oil around the world, according to Justice Department officials. The fresh approach has been seen in recent days by the Coast Guard’s pursuit of the Bella 1, a sanctioned oil tanker whose crew refused to be boarded on Sunday.

21.12 / 12:47

UPS Aware 2020 reports Department Investigations When a reporting lapse can turn honest taxpayers into ‘black money’ accused

Subscribe to enjoy similar stories. Even a small, inadvertent oversight in declaring foreign assets can trigger intense scrutiny and label honest taxpayers as holders of ‘black money’, causing financial and mental stress. A Mumbai-based professional learned this the hard way after receiving a penalty order from the tax department, which accused him of concealing foreign assets and imposed a ₹40 lakh penalty under the Black Money Act (BMA).

21.12 / 12:47

Provident Fighting Netflix Research President Warner Bros Justice Department Trump World is picking sides in the battle for Warner Bros.

Subscribe to enjoy similar stories. WASHINGTON—Some of the most influential people in President Trump’s orbit, past and present, are facing off in the unfolding drama over the future of Warner Bros. Discovery.

19.12 / 14:31

Citi Provident Gap Department medicines guidelines Pharmaceuticals India tweaks Jan Aushadhi Kendra rules: What the 500-metre gap means for owners

Subscribe to enjoy similar stories. New Delhi: India has revised rules for opening retail outlets under a government scheme to sell high-quality generic drugs at affordable prices, mandating a minimum distance of 500 meters between stores in major urban areas, according to two officials and a document reviewed by Mint. This decision replaces the guidelines issued in September, and seeks to balance the scheme’s rapid expansion with the financial health of Pradhan Mantri Bharatiya Janaushadhi Kendras.

17.12 / 16:49

COST Analysis Research hospital Department Colleges Heart attacks, lung conditions jumped after Los Angeles wildfires

Subscribe to enjoy similar stories. The Los Angeles wildfires of nearly a year ago took an unexpectedly heavy toll on residents’ health, a new study found. An unusually large number of people suffered from heart attacks, lung conditions and a perplexing rise in unexplained illnesses, according to an analysis by researchers of emergency-department data at Cedars-Sinai, the largest hospital in Los Angeles County.

16.12 / 00:55

COST Cooper trends President Experts Diversity Department The ₹15 question: Why is sugarcane leaving Uttar Pradesh for Haryana?

Subscribe to enjoy similar stories. Sugarcane farmers in Uttar Pradesh (UP) are selling their produce to mills in neighbouring Haryana, attracted by the latter’s higher state advised price (SAP).

15.12 / 17:15

security Align Trade Experts country Department Why Walmart-backed Flipkart is finally moving its headquarters to India

Subscribe to enjoy similar stories. Walmart-controlled Flipkart received a key approval to shift its domicile back to India, a prerequisite for a local listing, in a move that reflects a shift in India-US economic ties amid prolonged bilateral trade negotiations. The National Company Law Tribunal (NCLT) approved the re-domiciling scheme on Friday, according to an order reviewed by Mint.

12.12 / 00:33

markets FIVE Gap show cover reports Department Study finds onion buffer curbs retail price swings, lifts farmer earnings

Subscribe to enjoy similar stories. New Delhi: A new evaluation of the Centre’s onion buffer programme has found that the Price Stabilisation Fund (PSF) has been able to significantly reduce retail price volatility of the vegetable and improve farmer incomes.

11.12 / 03:45

markets UPS economy show Department Fed Chair Jerome Powell says U.S. may be drastically overstating jobs numbers

Subscribe to enjoy similar stories. Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring. Powell said that Fed staffers believe that federal data could be overestimating job creation by up to 60,000 jobs a month.

09.12 / 09:33

COST Digital Progressive Gap reports Department prevention Mint Explainer: Why CAG plans to audit government departments in real time

Subscribe to enjoy similar stories. The Comptroller and Auditor General (CAG), the national auditor, is preparing to overhaul the way it audits government departments by moving from post-facto examination of accounts to real-time audits of public spending, project execution and service delivery. The shift marks one of the most significant changes to India’s audit architecture in decades, and comes at a time when governments are executing larger, technology-driven programmes that require closer and more continuous oversight.

09.12 / 03:37

security economy NVIDIA President performer reports Department U.S. plans to approve export of Nvidia’s H200 chip to China

Subscribe to enjoy similar stories. WASHINGTON—The Trump administration plans to let Nvidia export its H200 chip to China, the latest twist in the artificial-intelligence chip designer’s efforts to maintain access to the world’s second-largest economy, according to people familiar with the matter. The Commerce Department plans to approve licenses to China letting Nvidia sell its H200.

08.12 / 07:25

markets COST UPS Experts Department Destinations Grape shortage threatens India’s wine industry as prices surge following unseasonal rain in Maharashtra

Subscribe to enjoy similar stories. New Delhi: Wine prices in India are set to rise by 25-30% from levels in January after Maharashtra’s grape crop suffered its worst damage in recent years, sharply increasing input costs and reducing production.

07.12 / 12:35

markets Netflix Research Warner Bros Justice reports Department Investigations The Netflix and Warner Bros. deal is far from a sure thing

Subscribe to enjoy similar stories. Netflix and Warner Bros. Discovery have reached a deal—but getting it approved won’t be so easy.

05.12 / 09:15

Action security Justice 2020 reports Department Courts Vedanta moves Delhi high court against taxman’s ₹1,308-cr avoidance allegation under India–Mauritius treaty

Subscribe to enjoy similar stories. New Delhi: Mining and metals conglomerate Vedanta Ltd, through its promoter entity Vedanta Holdings Mauritius II Ltd (VHML), has moved the Delhi high court challenging the income tax department's claim that the group gained undue tax advantage of about ₹1,308 crore through the misuse of the India–Mauritius tax treaty.

03.12 / 12:25

Aviat Manufacturing Airlines Software Department Investigations Mint Explainer | How Air India blundered by missing a routine airworthiness review for an aircraft

Subscribe to enjoy similar stories. India's aviation regulator is investigating how Air India operated an aircraft for two days in November without a valid Airworthiness Review Certificate (ARC), a document that ensures compliance with safety standards. The regulator did not name the aircraft type but referenced the registration code of an Airbus A320 (VT TQN), implying that it was a single-aisle (narrow body) jet.

03.12 / 09:33

security wellness country exclusive Department prevention rights NRIs can cut tax on mutual fund gains using DTAA — here’s how

Subscribe to enjoy similar stories. Non-Resident Indians (NRIs) have long looked to India’s mutual funds for wealth creation — but taxation on capital gains remained a grey area. Recent rulings by the Income Tax Appellate Tribunal (ITAT) have now brought meaningful clarity: NRIs in countries with favourable Double Taxation Avoidance Agreements (DTAAs) may be taxed only in their country of residence, not in India.

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