Department Financial News

tax audit deadline is on October 7, 2024, for FY 2023-24 (AY 2024-25). However, this deadline is an extended deadline, which means if you were pinning your hopes on the extended deadline, don't. The original deadline for submitting income tax audit report on the e-filing ITR portal was September 30, 2024. The government is unlikely to extend the deadline again. «In response to a representation made by „Associated Chamber of Commerce & Industries“ #Udhampur, a request was made to the Hon'ble Finance Minister for extension of the date for filing of Audit Report for Assessment Year 2024-25. Thank you Smt Nirmala Sitharaman ji @nsitharaman for conceding the request and issuing the orders accordingly,» said Union Minister Dr Jitendra Singh on X (formerly Twitter).

Larry Summers concerns regarding the decision of the Federal Reserve to cut interest rates by a half percentage point are an error. Larry Summers demonstrates that, as per robust labor market data, the U.S. economy remains strong by making the potential rate cut unnecessary.

Acting Labor Secretary Julie Su breaks down the September jobs reports, jobs revisions, the losses in the manufacturing sector and collective bargaining as port workers reach a tentative deal.

Udupi district fell ill after drinking contaminated water from a local overhead water tank, Health Department officials said on Friday. «The condition of none of them is serious. Most of them have already recovered with proper medication from the local health centre,» an official said. The affected, mostly from Karki Kalli and Madikal wards of Uppunda Gram Panchayat in Byndoor taluk, had reported symptoms such as vomiting and diarrhea, they said. «Many households witnessed multiple family members displaying similar symptoms, with several homes reporting three or more individuals being affected after drinking water from overhead water tank in Kasinadi,» an official said.

Dowey is set to the exit in the next few months after five years at the UK asset manager. Liontrust Global Innovation team: Trading the AI gold rush beyond the Magnificent Seven He has co-led the innovation investment team with manager Storm Uru, with the pair also co-running the firm's Global Dividend, Global Innovation and Global Technology funds. The team was established in 2022 and oversees the aforementioned portfolios. Uru will continue to run the portfolios, along with managers Clare Pleydell-Bouverie and James O'Connor. Dowey joined Liontrust as part of the acquisitio...

America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support steady hiring and a growing economy

economic welfare corporation for the state's Jain community. It was also decided to set up financial development corporations for communities like Bari, Teli, Hindu Khatik, Lonari, which are part of the OBC segment, while grants of up to Rs 10 lakh will be given to cultural and educational institutions belonging to the Buddhist community. In the cabinet meeting chaired by Chief Minister Eknath Shinde, it was decided to waive non-agricultural tax on residential buildings outside gaothans, buildings for commercial and industrial use etc. The cabinet also approved a proposal by the tourism department to enhance the jail term and fine amount for those destroying ancient and historical sites. As per the proposal, the jail term could extend up to two years and the fine would be Rs 1 lakh.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives for safety issues that have impacted its airplanes

Joe Biden will move forward with to forgive students' loans as the new rule of a federal judge has let a temporary order expire on it. Joe Biden may move forward with the plan of forgiving student debt just weeks before the US presidential election, and it will also deliver relief to the millions of Americans. As per an estimate by the Center for American Progress, the plan of the Biden administration could benefit many students as well as every four federal student loan holders when it is aligned to the administration's previous effort, as per CNBC. Republican former president George W. Bush has appointed U.S. District Judge Randal Hall in Georgia, who has given rule in favor of Biden administration on late Wednesday. The declaration came as an important win for the current administration to forgive the debts of students. Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota, and Ohio have challenged the Biden administration's plan of forgiving students' loans by filing a lawsuit.

FEMA) does not have the funds to see Americans through the remainder of this Atlantic hurricane season. While seeing the damage caused by Hurricane Helene in South and North Carolina, Mayorkas stated during a press conference aboard Air Force One that they are meeting the immediate needs with their money. They anticipate another hurricane making landfall; unfortunately, they lack the necessary funds. The money FEMA needs to survive the season and what's coming up next needs to be improved.

President Joe Biden’s latest attempt at student loan cancellation is free to move ahead, at least temporarily, after a judge in Georgia sent a legal challenge to Missouri

The Department of Homeland Security has announced that it would ban the import of goods from a Chinese steel manufacturer and a Chinese maker of artificial sweetener

The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levels

U.S. retailers are ramping up hiring for the holiday season but expect to take on fewer seasonal employees to help customers in stores and assemble online orders in warehouses

Reserve Bank of India research paper has suggested reforms in agricultural marketing, including increase of private mandis to help farmers realize better value for their produce. The paper on vegetable inflation studying Tomato, Onion and Potato (TOP) prices noted that onion farmers get only 36 pc of consumers' spends, for tomato it stood at 33 per cent and for potato it was 37 per cent. «As vegetables are perishable commodities, private mandis may be increased to improve transparency in marketing of TOP vegetables,» the paper said, adding that the competition may also help improve the local-level agricultural produce market committee infrastructure. The research suggested that there is «a significant negative relationship» between monthly availability/availability to usage ratio and consumer price inflation of the three vegetables, while controlling for other factors like input costs, rainfall and wages.

Its trip that spring came as Western authorities were frantically trying to piece together the network to which it belonged: one of shadowy ships with hidden owners on whom powerful Russians relied to transport the nation's valuable oil. But by a quirk of the shipping industry, the Jaguar had ties to the West. The tanker flew the flag of St. Kitts and Nevis, which has its maritime registry just outside London — some 20 miles from the very British authorities who chase Russia's assets around the world and chart its oil shipments.

HR and payroll company ADP ranked cities across the country. The rankings were based on three things that make a strong labor market: annual pay growth, new hire wages and the hiring rate.

According to a company statement, Parry informed the board that he does not wish to continue his tenure beyond 2024, and the latter has therefore accepted his resignation as chair. Parry previously served as director of the firm's asset management wing for a period between April 2020 and June 2021 and held the same role on Intermediate Capital Group's board for over a decade. Royal London AM net inflows fall in H1 2024 as outflows in global equities mount The outgoing chair said: «It has been a privilege to chair Britain's leading mutual insurance and asset management group. „Th...

Joe Biden on Wednesday signed legislation that will exempt some U.S. semiconductor manufacturing facilities from federal environmental reviews that are receiving government subsidies. Without the new law, projects from the $52.7 billion CHIPS Act of 2022 could have been forced to undergo additional federal environmental reviews under the National Environmental Policy Act of 1969 to win federal permits. Proponents say those projects had already complied with federal, state and local environmental regulations and permitting requirements and that without the change they could have potentially faced years of additional delays.