Information Financial News

Union Budget 2024 has introduced an amendment in the rules for those who are planning to shift bases from India. This amendment mandates individuals domiciled in India to clear their complete tax dues and obtain 'clearance certificates' before leaving the country, under new provisions of the Black Money Act.

1 Diabetes epidemics are evident in rural areas that are undergoing socioeconomic development and urbanisation.2 National Family Health Survey (NFHS) reports state that diabetes poses a significant threat to households nationwide.3 With lifestyle factors and urbanisation fuelling the diabetes epidemic, a dynamic approach is essential.

Agriculture sector provides livelihood support to about 42.3% of the population of India and has a share of 18.2 per cent in the country’s GDP at current prices. As a sector, it has been buoyant, which is made evident by the average annual growth rate of 4.18% at constant prices over the last five years. It, however, can't be denied that there are a host of difficult, entrenched issues, which have kept the sector from reaching the next level, where it can be among the economy's saviours.

Privacy Commissioner of Canada has opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts.The office has received several such complaints, spokesman Vito Pilieci said in an email Tuesday.He said the office can’t comment further due to the active investigation.Loblaw spokeswoman Catherine Thomas said in an email Tuesday that the company has processes to respond to account deletion requests in a timely manner, and that it will fully co-operate with the privacy commissioner’s office.In an email to one complainant viewed by The Canadian Press, an investigator for the commissioner’s office said they have received “a high number of complaints” regarding attempts to cancel PC Optimum accounts.Several complainants allege they have tried several times to delete their accounts, and that Loblaw has been unresponsive to their queries, the investigator wrote.Loblaw did not respond to a request for comment Wednesday regarding the specifics in the email.The PC Optimum loyalty program has more than 16 million active users, according to Loblaw’s 2023 annual report.The Office of the Privacy Commissioner oversees compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA) as well as the Privacy Act.According to their website, PIPEDA “sets the ground rules for how private-sector organizations collect, use, and disclose personal information in the course of for-profit, commercial activities across Canada.”Personal information under PIPEDA includes details such as a person’s name, age, income or ID number.

Tata Consumer Products on Tuesday announced a rights issue of Rs 3,000 crore, wherein 3.67 crore rights equity shares will be issued to the eligible shareholders, the ex-date for which becomes July 26. The record date fixed by the company, i.e., July 27 is Saturday, which is a market holiday. This means that the stock will start trading on an ex-rights basis from Friday, which implies that today will be the last date to buy the shares of the company in order to be eligible for the rights issue.

Amazon customer, Sofia Serrano, discovered a live lizard inside her package after ordering an air fryer. Serrano posted about the incident on X (formerly Twitter), raising concerns over safety and responsibility. Amazon responded by inquiring about the purchase details. This incident follows a similar case in India where a woman found a snake in her Amazon delivery.

A Tennessee store clerk is in hot water after authorities say he stole a customer’s winning lottery ticket, threw it away and later fished it out of the trash and tried to claim the winnings as his own.

Cred is launching a new offering called Cred Money for users to manage bank accounts.

Now that the townsite in Jasper National Park has been evacuated because of the threats posed by at least two wildfires, Alberta’s forestry and parks minister said Wednesday that he expects his government will make a request for assistance from the Canadian Armed Forces.

1-ClickTrade has unveiled a new fintech application designed to transform ETF investing by streamlining the trading process. The platform allows financial advisors and self-directed investors to execute ETF trades in seconds through a single click, using their existing trading accounts and platforms.

Budget Allocation for Northeast Frontier Railway for the FY 2024-25 is Rs. 14183.69 crores. The allocation for North-eastern states is Rs. 10,376 crores which is about five times higher than the average allocation of Rs. 2,122 crores made during 2009-14.

Raymond James & Associates (RJA) has announced the addition of Stacy McVan to its team in its Dublin, Ohio branch.

Morgan Stanley executives last week said the wirehouse bank, like its competitors, was it raising rates on clients’ cash in advisory sweep accounts. At the time, the firm did not reveal details about the changes.

SINGAPORE—China’s government is tightening its rules on the protection of confidential information, including intensified scrutiny on international travel by people privy to state secrets, as concerns over espionage rise amid an increase in global tensions. The changes also put a heavier burden on the country’s internet companies to stop leaks of sensitive information.

The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.

Amit Shah on Wednesday informed Parliament that Rs 362.91 crore has been disbursed to over 4.2 lakh depositors of Sahara Group of Cooperative Societies as of July 16 this year. Shah, in a written reply to the Rajya Sabha, said this disbursement is facilitated through the CRCS-Sahara Refund Portal, which was established following a Supreme Court order on March 29, 2023, aimed at assisting legitimate depositors in reclaiming their funds.

Madhya Pradesh forest department has refused to provide information under the Right to Information Act on management of cheetahs brought from Africa and their cubs born in India. In response to a request filed by wildlife activist Ajay Dubey, the department cited Section 8(1)(a) of the RTI Act, which allows a public authority to withhold information if its disclosure would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific, or economic interests of the State, relations with a foreign State, or lead to the incitement of an offence.

With last week’s rumour about the political demise of Finance Minister Chrystia Freeland proven greatly exaggerated, advocates of open banking in Canada can breathe a sigh of relief that this project won’t be derailed by changes to cabinet.

CERT-In) had reported possible intrusion and data breach at state-owned Bharat Sanchar Nigam Ltd (BSNL) on May 20, 2024, Parliament was informed on Wednesday. An Inter Ministerial Committee (IMC) has been constituted to conduct an audit of the telecom networks and suggest remedial measures for prevention of data breaches in the telecom networks, Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha.

car insurance claim rejection. Insurance usually works in good faith and intends to be beneficial for the insurance holder. However, if the insurance provider detects any fraudulent claim on the policyholder's part, it will automatically lead to claim rejection.