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    HSBC INDIA OPENS NEW BRANCH IN NASHIK TO SUPPORT WEALTH EXPANSION
    Commerce and Industry Minister Shri Piyush Goyal Leads A 200-Member Business Delegation to Japan.
    CBN busts inter-state heroin syndicate in ‘Op Black Hawk’; seizes over 18.6 kg crude heroin - Three members of inter-state trafficking network arr...
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August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
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August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
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August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.

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ASSOCHAM 10th INTERNATIONAL TAX CONFERENCE 21 - 22 October 2013.

September 30, 2013

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ASSOCHAM 10th INTERNATIONAL TAX CONFERENCE 21 - 22 October 2013. The Imperial, New Delhi

Chief Guest: Dr. Parthasarathi Shome, Adviser to Finance Minister

ASSOCHAM has always aimed to enhance awareness of topical issues that confront today’s business enterprises. Issues such as the effects of the current tax regimes on levels of foreign investment, the problems involved in integrating domestic tax reforms with existing international tax treaties and arrangements, international tax avoidance and efforts to prevent it; the existence and impact of tax havens and other low-tax jurisdictions are all of utmost important. We, as one of the fastest growing economies in the world, need to take into account how various International taxation issues will affect us.

Therefore to present a wider perspective of contemporary international taxation typical issues and procedures and offer insight into issues that impinge the growth of international trade and commerce, ASSOCHAM is organizing the 10th International Tax Conference on the 21st and 22nd of October 2013 at The Imperial Hotel, New Delhi.

Dr. Parthasarathi Shome, Adviser to Finance Minister has already agreed to be the Chief Guest and Inaugurate the Conference. We have requested Dr. Sudha Sharma, Chairperson, CBDT and Shri N.C. Joshi, DGIT – International Taxation to share their views with the industry. Beside them, the conference will also be addressed by other renowned Speakers across the globe as well as eminent expert from India.

The 10th International Tax Conference of ASSOCHAM envisages providing a platform for the tax payers, tax professionals and policy makers to understand each other’s perspective in respect of legislation affecting international transactions. The bringing together the best minds to evaluate contemporary matters within finance and taxation

DATE, TIME & VENUE

Date

Time

Venue

 21st October 2013

09.30 a.m. – 5.30 p.m.

The Imperial
Janpath Lane, Connaught Place,
New Delhi - 110001

22nd October 2013

09.30 a.m. 4.00 p.m.

TOPICS TO BE DISCUSSED

  • APA - Experiences and way-forward
  • Safe Harbour Rules – Implications
  • Transfer Pricing Controversies and Issues
  • Transfer Pricing and Attribution of Profits- Emerging Global Trends and Indian approach
  • Panel Discussion on Transfer Pricing
  • Panel on Emerging International Tax developments
  • Panel Discussion on Tax Controversies- International Tax
  • Contentious issues under indirect tax laws
  • Challenges in cross border transactions under service tax law
  • Audits under Indirect Tax laws

CHIEF GUEST

Dr. Parthasarathi Shome, Adviser to Finance Minister & Head - Tax Administration Reform Commission

SPEAKERS INVITED FROM GOVERNMENT

  • Dr. Sudha Sharma, Chairperson, CBDT
  • Shri N. C. Joshi, DGIT International Tax
  • Shri Akhilesh Ranjan, Joint Secretary, FTD-I
  • Shri P.K. Mohanty, Joint Secretary (TRU-I), CBEC
  • Shri S.Dutt Majumder, Ombudsman, Customs, Central Excise and Service Tax, Delhi
  • Shri Peeyush Jain, Department Representative (TP bench)
  • Shri M. S. Ray, Director of Income Tax (International Taxation)-I, Delhi
  • Shri Kamlesh C. Varshney, Commissioner Income Tax- APA

OTHER EMINENT SPEAKERS

  • Dr. Rana Kapoor President, ASSOCHAM
  • Mr. M. Lakshminarayanan, Chairman, ASSOCHAM National Council on International Tax
  • Mr. Rahul Garg, Co-Chair, ASSOCHAM National Council on International Tax & Direct Tax
  • Mr. J K Mittal, Co-Chairman, ASSOCHAM National Council on Indirect Tax
  • Ms. Bela Mao, Country Tax Head, Shell India
  • Mr. Deepak Dhanak,VP & Global Head Tax, EXL
  • Mr. Girish Dave, Advocate
  • Mohd. Haroon Qureshi, Head of Tax - Asia Pacific, Genpact
  • Mr. Naveen Jain, Head Taxation, Cairn Energy
  • Mr. P. V. Srinivasan, Senior Vice President – Wipro
  • Mr. Rohinton Sidhwa, Partner, Deloitte
  • Mr. R. Muralidharan, Executive Director, PwC
  • CMA S C Mohanty, President, The Institute of Cost Accountants of India
  • Ms. Saloni Roy, Senior Director, Deloitte
  • Mr. Samir Gandhi, Partner, Deloitte
  • Mr. S. P. Singh, Sr. Director, Deloitte
  • Ms. S. Nageswari, Vice President-Finance, Tata Communications Limited
  • Mr. Sandeep Puri, Executive Director, PwC
  • Mr. Sanjay Tolia, Executive Director, PwC
  • Mr. Tarun Arora, Senior Director, Deloitte
  • Mr. Vijay Iyer, Partner, Ernst & Young
  • Mr. Vijay Mathur, Sr. Adviser, PwC
  • Mr. Vishal Anand, Executive Director, PwC

WHO SHOULD ATTEND

The conference is targeted at: CEOs, CFOs, Tax Experts, Middle & Sr. Level Officers dealing in Taxation in the corporate world as well as practicing CA, CS, CMA and other related professionals, Trade & Industry, Government, Public Sector Units, Consultancy Organizations, Funding Agencies, Corporate Lawyers, Banks & Other Financial Institutions, FTOs.

REGISTRATION FEE

Rs. 5,000/- per delegate per day

Rs. 8,000/- per delegate for two days

(10% discount for two or more persons from the same organization)

The fee is inclusive of Service Tax, refreshment, lunch & course material.

FOR REGISTRATION

Kindly fill the attached registration form and send to us at [email protected] at the earliest. Since the seats are limited therefore shall be made available on first-come-first served basis. You are requested to register yourself and also nominate your colleagues for the same.

FOR DETAILS PLEASE SEE ATTACHED BROCHURE AND AGENDA

For details please contact:

Avinash Sharma         (09811524976)         [email protected]

Ankit Raghav              (09999068767)         [email protected]

Akshat Agarwal           (09873847923)        [email protected]

Krishan Sharma          (08512072265)        [email protected]

The Associated Chambers of Commerce and Industry of India

ASSOCHAM Corporate Office:

5, Sardar Patel Marg, Chanakyapuri, New Delhi 110 021, INDIA

Tel : 011-46550555 (Hunting Line) ● Fax : 011- 23017008/9

E-mail: [email protected] / [email protected] 

Website: http://www.assocham.org

AGENDA

REGISTRATION FORM

Topics

Acts Income Tax