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Finance

Even now, North-eastern states are being provided special status. The 14th finance commission has awarded the state revenue deficit grants of Rs 2,2113 crore in five years and the total award of funds to the state under tax devolution and grants under various heads during the five years between 2015 and 2020 is Rs 2,44,271 crore, he said.
  • Oil prices touch $70 mark on low USA inventories

    Oil prices touch $70 mark on low USA inventories

    Finance

    Crude oil futures climbed today to their highest levels in almost seven weeks, as a surprise 2.6M-barrel drop in US crude inventories added further support to prices which already had been supported by geopolitical risk to production. "And exports were up slightly", he said. "Oil had a big session overnight although this wasn't just a function of the interest rate move". "It's simply a risk-off type of day for all global risk assets", said Bob Yawger, director of futures at Mizuho ...
  • Winter Storm expected to just miss western Wisconsin

    Winter Storm expected to just miss western Wisconsin

    Finance

    But it still could bring more than a foot of snow to various major cities along the East Coast like New York City. Timing: Rain and wintry mix will transition to all snow by Friday afternoon in western Minnesota and progress eastward. Waterloo is forecast for up to 10 inches of snow, but no ice, according to the latest NWS forecast Friday. The snowy conditions come on the heels of relatively mild temperatures in the Midwest, The Weather Channel reported.
  • Bank of England sets up its own fintech hub

    Bank of England sets up its own fintech hub

    Finance

    Ian McCafferty and Michael Saunders - the first officials to call for rates to rise a year ago - said it was now time to push them above the emergency level at which they have sat for most of the past decade. "Ian McCafferty and Michael Saunders are anxious that inaction now will mean rates will need to rise faster and further in future". Our Monetary Policy Committee has voted by a majority of 7-2 to maintain Bank Rate at 0.50%.
  • Horrifying footage shows moment self-drive Uber auto hits and KILLS pedestrian

    Horrifying footage shows moment self-drive Uber auto hits and KILLS pedestrian

    Finance

    The comments contrast with those made by the Tempe police chief, who told multiple media outlets that the pedestrian moved suddenly in front of the auto and the crash didn't seem preventable after reviewing footage of the collision. "During the time the vehicle should have been braking, the pedestrian would have had additional time and would have cleared without the vehicle actually having to stop", Alexander said.
  • Dropbox Shares Gain 35% On First Day of Trading

    Dropbox Shares Gain 35% On First Day of Trading

    Finance

    Although the paying user base is small, Dropbox forecasts that out of the 500 million, 300 million users are more likely to become paying users in the future due to their characteristics such as email domains, devices and geographic attributes.
  • USA grants Amazon patent for drones that react to human gestures

    USA grants Amazon patent for drones that react to human gestures

    Finance

    Awarded on Tuesday (March 20), the patent would allow for drones to identify gestures such as a thumbs-up, frantic waving, shaking fists and a shooing motion. The three men - who have no affiliation with Amazon - and several limited liability companies they manage that are registered in MA and Nevada are charged with violating the FTC Act and the Business Opportunity Rule by, among other things, making false or unsubstantiated earnings claims.
  • Elon Musk Trashes Facebook and Deletes SpaceX Page From Social Platform

    Elon Musk Trashes Facebook and Deletes SpaceX Page From Social Platform

    Finance

    Musk replied "I didn't realize there was one ". The pages had more than 2.5 million followers each before they were deactivated - Musk and Facebook CEO Mark Zuckerberg have had a rocky relationship recently. After the Cambridge Analytica data scandal broke, he tweeted a painting bashing Zuckerberg . Well, he answered this and said that he doesn't mind Instagram as long as the social media app remains independent.
  • Sex trafficking bill gets first-round approval

    Sex trafficking bill gets first-round approval

    Finance

    But supporters of the bill said that part of the law, known as Section 230, has been too broadly used to protect websites like backpage.com. It's past time to take action to stop the perpetrators of online trafficking and give the victims and their families the justice they deserve.
  • The Goldman Sachs Reiterates Sell Rating for Tesla (TSLA)

    The Goldman Sachs Reiterates Sell Rating for Tesla (TSLA)

    Finance

    The stock exchanged hands with 5953676 numbers of shares contrast to its average daily volume of 5.68M shares. Their 50-Day Simple Moving Average is a difference of -7.73% from current levels. (NASDAQ: TSLA ). Price T Rowe Assoc Incorporated Md holds 0.3% or 5.08 million shares in its portfolio. In other Tesla news, VP John Douglas Field sold 1,000 shares of Tesla stock in a transaction dated Friday, March 16th.
  • United gives $10K travel voucher to 'bumped' passenger

    United gives $10K travel voucher to 'bumped' passenger

    Finance

    Unfortunately for Preiss, she was the one removed from the flight. Instead of giving Preiss a cash refund for the ordeal, United customer service employees awarded her a travel voucher worth up to $10,000. "On the upside, I wasn't physically dragged off the plane and my dog wasn't killed on board, so I've got that going for me ... which is nice", she said , referring to the pooch that died on a United flight this month after a flight attendant insisted that its carrier be put in an ...
  • FAQs: Toys 'R' Us store closures

    FAQs: Toys 'R' Us store closures

    Finance

    The New Jersey-based company disclosed the timeline during a bankruptcy court hearing on Tuesday, the Bergen County Record reported. The company filed chapter 11 bankruptcy in September, hoping for a turnaround, but after poor holiday sales threw in the towel.