Department Financial News

After rejecting a call by Canada’s Competition Bureau to treat mortgage stress testing equally at renewal, regardless of whether a borrower stays with the same financial institution or switches to a new one, the country’s top banking regulator has had a change of heart.

local trains and buses are functioning 'normally' today, officials confirmed. The Central railway CPRO said that trains on the main line are running 3-4 minutes behind schedule because of rescheduled mail express movements and a few cautions but otherwise all local trains are running normally. Further, bus services continue despite Mumbai roads being waterlogged and affected by torrential rains last evening.

Eduardo Xol has died at the age of 58. Popular TV designer, who received much fame after "Extreme Makeover: Home Edition", has suffered an untimely death sustaining injuries from multiple stabbing. According to The Hollywood Reporter, Department of Riverside County Sheriff noted that his death occurred at the Palm Springs. The Hollywood Reporter asserted that Eduardo Xol took his last breathe at the Desert Regional Medical Center where he was admitted after being reportedly stabbed which took place at the Palm Springs on September 10. Palm Springs Police Department has noted that the injury which Eduardo Xol suffered happened on September 10 sometime around 05:41 am. Also Read: Meta Quest 3S VR Headset unveiled: Price, specifications, features

A 10th person has died in an ongoing outbreak of listeria food poisoning tied to a now-closed Boar's Head deli meat plant in Virginia

A high-ranking executive at OpenAI who served a few days as its interim CEO during a period of turmoil last year said that she’s leaving the artificial intelligence company

debt-to-GDP ratio at 18.7%, its debt service ratio at 6.7% and foreign exchange reserves-to-external debt ratio at 97.4% are «within the comfort zone» and way better than many middle-income countries, finance minister Nirmala Sitharaman said. In a foreword to a status report released by the finance ministry, Sitharaman underscored that India's external debt «remains sustainable and prudently managed». The country's external debt rose 6.4% from a year before to touch $663.8 billion as of March 2024, according to the status report, firmed up by the department of economic affairs.

Tennessee’s announcement of a 10% talent fee on 2025 football season tickets to help pay players could have been considered inevitable in the still-evolving era of name, image and likeness compensation

India Meteorological Department (IMD) has issued a red alert predicting extremely heavy rainfall in Mumbai till 8:30 am on Thursday.Heavy rains have been lashing Mumbai and its suburbs since Wednesday afternoon, inundating low-lying areas, stopping local trains on tracks between Kurla and Thane stations and stranding passengers even as traffic crawled on roads.Schools and colleges in Mumbai and its suburbs will remain shut on Thursday amid a red alert for heavy rains, officials said.Officials said two flights were diverted and seven flights had to make a go-around at Mumbai airport due to inclement weather.Mumbai Rains Live Updates:Mumbai Rains Live Updates: Mumbai Rains Live Updates:Mumbai Rains Live Updates: Mumbai Rains Live Updates:Mumbai Rains Live Updates:Mumbai Rains Live Updates: Two flights were diverted and seven flights had to make a go-around at Mumbai airport due to inclement weather.Mumbai Rains Live Updates: The Mumbai Division of the Central Railway said that due to Heavy Rain in the Mumbai and Suburban areas and water logging in several locations between Vidyavihar and Mulund stations UP and Down slow train services were affected.

Sebi on Wednesday launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to improve and simplify the experience of such investors accessing the Indian securities market. «This cell will focus on direct engagement with Foreign Portfolio Investors (FPIs), and supporting them in accessing the Indian securities market seamlessly,» the Securities and Exchange Board of India (Sebi) said in a statement. The cell operates under Sebi's Alternative Investment Fund and Foreign Portfolio Investors Department (AFD).

Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy. Prime Minister Narendra Modi in a post on X stated that Make in India has led to a rise in exports in different sectors, building capacities and strengthening economy.

The United States Department of Justice sued Visa Inc., alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry.

Uttar Pradesh government has undertaken a special campaign for the fast verification of the labourers registered on the e-shram portal for issuance of ration cards. The campaign is being run by the state’s food and civil supplies departments on the directives of the CM Yogi Adityanath in this regard. As per the latest data available with the food and civil supplies department, around 8.31 crore labourers have been registered. According to a press release, out of the 8.31 crore registered labourers, around 6.73 labourers have already been receiving benefits of the government ration. The state government claimed that the verification process is progressing rapidly to provide ration cards to workers registered on e-shram portals. The total number of labourers for verification is around 1.58 crore and out of it, the verification of around 1.49 crore labourers is completed. As per the release, total 26.47 lakh labourers were found eligible and 2.37 lakh labourers of them are already receiving benefits of ration. During the verification process, 122.92 lakh have been found ineligible.

Unemployment, farmers' demand for a legal guarantee to MSP, the Agnipath scheme, and law and order are some of the key issues in the high-stakes Haryana assembly polls slated for October 5. Haryana is witnessing a multi-cornered contest this time, with the ruling BJP facing anti-incumbency and a resurgent Congress. Other players in the contest are the Aam Aadmi Party, contesting independently, and JJP-Azad Samaj Party and INLD-BSP combine. The opposition Congress has launched a vitriolic attack on the 10-year-regime of the BJP in Haryana, alleging that unemployment rate in the state is «highest» in the country.

Tax rebate under section 87A of the Income-tax Act, 1961 is a benefit that reduces the total income tax liability of an eligible taxpayer. The eligibility criteria are that the taxpayer's income should be below a set threshold and not having certain types of income. For example, one of the criteria for tax rebate under section 87A is to have an income below Rs 5 lakh (old tax regime) or Rs 7 lakh (new tax regime). However, following an update in the ITR filing utility on July 5, 2024, chartered accountants say that many taxpayers were denied the benefit of tax rebate under section 87A if they had certain special rate incomes like short-term capital gains (STCG). STCG on equity shares or equity-oriented mutual funds were taxable at 15% rate under Section 111A which was raised to 20% in Budget 2024 presented in July this year.

Form I-140, also known as the Immigrant Petition for Alien Worker, is a key document in the US employment-based immigration process. It is filed with the US Citizenship and Immigration Services (USCIS) by an employer who wishes to sponsor a foreign worker for permanent residency (green card). Here’s a breakdown of the key aspects of Form I-140:

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...

California avocado growers are fuming about a U.S. decision to hand over pest inspections of Mexican orchards to the Mexican government

S B Madhavi, the first woman duffedar in the Greater Chennai Corporation (GCC), has found herself at the centre of a controversy after she was transferred from the mayor's office to the far-off Manali zone. At 50, Madhavi, who had been ceremonially engaged to accompany Chennai mayor R Priya, claims she was shunted out for wearing lipstick, disobeying a direct order not to do so, TOI has reported. The situation escalated after Madhavi received a memo on August 6 from the mayor's personal assistant, Siva Sankar, citing “dereliction of duty, not coming to work during working hours, and disobeying orders of seniors” as reasons for her transfer. In her response, Madhavi questioned the accusations and specifically addressed the issue of her lipstick.

Florida golf course was indicted Tuesday on three additional counts, including attempted assassination of a major presidential candidate, the US Department of Justice announced. Ryan Routh, 58, was arrested on September 15 after Secret Service agents spotted him with a gun near the course where Trump was playing. He has already been charged with two gun crimes in relation to the incident.

The state of Maryland has added to the legal troubles facing the owner and operator of the container ship Dali, which caused the deadly collapse of the Francis Scott Key Bridge after the massive vessel experienced an ill-timed electrical blackout and o...

The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market