Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 11, 2026
Show AI Summary
Cross-border payment interoperability and local-currency trade are urged to deepen BRICS commerce, digital access, and supply-chain resilience.
BRICS members and partner countries are encouraged to link payment systems, expand local-currency trade settlement, and make digital trade globally accessible. Market-access priorities include opening goods and services markets, reducing non-tariff barriers, simplifying regulatory procedures, and facilitating faster consignment clearance. Proposed cooperation also addresses diversified supply chains, professional qualification recognition, agricultural technology, trade-finance access for micro, small and medium enterprises, digital trade documentation, and platforms for agricultural commodity trading and investment cooperation.
September 11, 2026
Show AI Summary
Party disciplinary inquiry and money-laundering allegations prompt proposed internal resolution and consideration of lawful action after legal advice.
Internal party discipline concerning a clash between an elected representative and party workers is being addressed through an inquiry report, prior suspension of two workers, and efforts to secure an amicable resolution. Consideration of a corruption case arising from an Enforcement Directorate request for registration of an FIR is subject to legal advice and a decision on lawful governmental action. The request concerns alleged evidence gathered through investigation and searches under the Prevention of Money Laundering Act.
September 11, 2026
Show AI Summary
Money laundering investigation into alleged bank-loan diversion examines forged project reports, mortgaged-property sales, and suspected proxy purchasers.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank-loan funds through fake or forged project-completion reports. The allegations include sale of five mortgaged properties at grossly undervalued consideration, with some buyers suspected to be benamis or proxies. These sales were allegedly intended to alienate assets and prevent their attachment under anti-money-laundering law.
September 11, 2026
Show AI Summary
Five-day banking workweek demand drives nationwide strike, disrupting public-sector branch services while digital banking transactions remain operational.
Banking services at public sector banks were disrupted by a nationwide strike seeking a five-day workweek and resolution of wage-related demands. Branch operations affecting cash deposits, withdrawals, cheque clearance and administrative work were impacted, while digital banking channels remained functional. The central demand is declaration of all Saturdays as bank holidays, with other pending issues concerning pension updation, uniform dearness allowance for pensioners, and an option for National Pension System employees to move to the Old Pension Scheme.
September 11, 2026
Show AI Summary
Maritime blockade and sanctions constrain oil exports but leave strait security, regional escalation, and energy-market disruption unresolved.
US-led maritime blockade and sanctions are assessed as substantially restricting Iran's oil exports while enabling increased non-Iranian petroleum flows through the Strait of Hormuz and alternative routes. The conflict continues to disrupt a major global oil-and-gas transit corridor despite partial restoration of shipping flows. Regional proxy attacks on oil facilities and shipping near the Bab el-Mandeb extend the disruption, threatening Red Sea and Suez Canal routes and contributing to higher energy prices and inflationary pressure.
September 11, 2026
Show AI Summary
Foreign-exchange market pressure from oil costs and portfolio outflows weakens the rupee despite reserve support.
Rupee depreciation against the US dollar was attributed to elevated crude oil prices, rising global yields and net foreign portfolio equity outflows, which increased pressure through the import bill. Record foreign exchange reserves, active Reserve Bank market intervention and robust domestic growth provided countervailing support. Sustained costly crude oil and foreign portfolio outflows nevertheless remained the principal near-term pressures on currency stability.
September 10, 2026
Show AI Summary
Five-day banking demand prompts nationwide bank-union strike, likely disrupting public-sector branch services and advancing unresolved pension demands.
Nationwide bank-union strike action is scheduled for 11 September to press for five-day banking and unresolved employee pension demands. Cash withdrawals, deposits and other branch operations at public-sector banks may be affected. Union demands include a five-day working week, improved pensions, a uniform dearness-allowance formula for pensioners, and an option for National Pension System employees to move to the old pension scheme. A further three-day nationwide strike has been threatened from 28 September.
September 10, 2026
Show AI Summary
Biometric Aadhaar Authentication for GST Registration becomes mandatory to prevent fraudulent registrations using misused taxpayer identity credentials.
GST registration is impermissible without biometric-based Aadhaar authentication, addressing allegations of fraudulent registrations obtained through misuse of PAN and Aadhaar credentials. The requirement strengthens taxpayer identity verification in the GST registration process. Related issues include allegedly defamatory online posts, film release pending certification, sporting guidelines for women athletes returning after maternity, and the importance of an independent, ethical and fearless Bar to judicial independence.
September 10, 2026
Show AI Summary
Gold-smuggling enforcement targets concealment methods, transit-route abuse, and airport-staff collusion through intelligence-led interception operations nationwide.
Intelligence-led customs enforcement against organised gold smuggling led to seizures of foreign-origin gold across airport, rail, road and Indo-Bangladesh border routes. Gold was concealed through melting, defacing, conversion into chains, dust or paste, and hiding in vehicles, baggage, machinery and body-worn articles. Seizures under the Customs Act, 1962 followed failures to produce documentation substantiating licit possession. The activity also identified transit passengers, airport staff, recipients and handlers involved in clandestine removal and movement of smuggled gold.
September 10, 2026
Show AI Summary
Customer-focused digital vehicle financing introduces a paperless, automated journey for eligible existing and new banking customers.
Eligible existing and new-to-bank customers may access a simplified Auto and Two-Wheeler financing journey through a fully digital, end-to-end paperless process. Automated decisioning, straight-through processing, digital documentation and dealer integration are intended to enable application-to-disbursement within 30 minutes, reduce financing friction and accelerate access to vehicle finance. The broader initiative uses customer engagement and employee capability-building measures to convert customer feedback into faster action and improved service experiences.
September 10, 2026
Show AI Summary
Global investing through regulated IFSC infrastructure enables digital access to international stocks, funds, onboarding, remittance support, and portfolio diversification.
Wizzmoni Financial Services Limited and Appreciate are integrating global-investing infrastructure into the Wizz Financial App. Retail and high-net-worth customers may access US-listed stocks, exchange-traded funds and Global Mutual Funds through a digital experience with onboarding, a single-KYC journey and multi-bank remittance support. International investing is routed through regulated GIFT City IFSC infrastructure and is positioned as a compliant pathway under the RBI's Liberalised Remittance Scheme framework, alongside existing foreign-exchange and cross-border payment services.
September 10, 2026
Show AI Summary
Money laundering charge framing requires strong suspicion, not conclusive proof, where alleged abuse of office generated tainted property.
Money-laundering charges were ordered to be framed against nine accused on allegations that manipulation of a railway hotel lease tender enabled the transfer of undervalued land through DMCPL and subsequent share transfers to Rabri Devi and Tejashwi Yadav. The land was treated as alleged proceeds of crime arising from abuse of public office. At the charge-framing stage, strong suspicion, rather than conclusive proof of criminal intent, was sufficient. Documentary material concerning land transfers, company control, loans, shareholding changes and subsequent transfers supported the allegations.
September 10, 2026
Show AI Summary
Financial-sector tokenisation and self-regulation are proposed alongside fiduciary data stewardship for next-generation digital finance services.
Financial-sector digitalisation is being advanced through proposed tokenisation of corporate bonds, digital public infrastructure for next-generation financial services, and recognition of an additional self-regulatory organisation. The Unified Lending Interface is identified as an example of such infrastructure. Trust is central to the financial system, and fintech entities are expected to treat data as a fiduciary responsibility rather than as a business asset. United Fintech Forum has received approval as the second self-regulatory organisation for the financial sector.
September 10, 2026
Show AI Summary
MSME export readiness and sustainable GeM bidding depend on compliance, cost discipline, reliable delivery, and operational systems.
MSME export readiness requires consistent product quality, reliable delivery, documentation, regulatory compliance and operational systems capable of sustaining buyer trust. Digital trade processes require relevant registrations, including IEC and GST, and use of ICEGATE and DGFT systems. Free Trade Agreements may enable reduced or zero customs duties in specified markets, subject to applicable eligibility conditions and rules.
September 10, 2026
Show AI Summary
Biometric Aadhaar authentication becomes mandatory for GST registration to prevent fraudulent use of stolen taxpayer identity credentials.
GST registration is prohibited, for the time being, unless biometric-based Aadhaar authentication is completed. The requirement applies across the country and addresses fraudulent registrations obtained through misuse of PAN and Aadhaar details. Biometric authentication is treated as necessary to curb fake registrations, revenue loss and harassment caused by identity misuse. Authorities may raise objections concerning practical difficulties in implementation.
September 10, 2026
Show AI Summary
Family wealth protection platforms consolidate household asset records, nominee mapping and regulated data access to reduce unclaimed financial assets.
Safebox consolidates household financial information across assets, liabilities, insurance, critical records and family details, with nominee mapping for individual holdings. It is designed to help family members identify relevant information and access requirements during emergencies or transitions where financial holdings are dispersed across institutions and digital identities. The platform uses regulated financial infrastructure through integration with the Account Aggregator framework and operates through an entity registered as an Investment Adviser.
September 10, 2026
Show AI Summary
Gold loan valuation depends on purity, net gold weight, prescribed gold price and tiered loan-to-value limits.
Gold loan eligibility and estimated borrowing capacity depend on gold purity, eligible net gold weight, the applicable valuation price and the Loan-to-Value (LTV) limit. An online calculator may provide a preliminary estimate based on borrower-entered details, but cannot determine the final sanctioned amount. Valuation excludes stones, beads, gems and other non-gold components and remains subject to physical verification of gold weight, purity and eligibility. Tiered RBI LTV limits restrict maximum borrowing against assessed gold value, while borrowers should review applicable interest, fees, repayment terms and other charges.
September 10, 2026
Show AI Summary
Risk-based step-up authentication enables banks to apply stronger verification for higher-risk digital payment transactions in real time.
Risk-based step-up authentication applies stronger verification when transaction risk indicators require it, while allowing trusted digital payment transactions to proceed with minimal friction. Wibmo Intelligent Authentication Suite combines authentication with real-time risk assessment to support risk-aware decision-making across payment journeys. The capability is positioned to help banks, fintechs and financial institutions strengthen payment security, manage fraud and risk, and preserve convenient experiences for cardholders and end users.
September 10, 2026
Show AI Summary
Authorised Economic Operator reform drives trade submissions on trusted compliance, faceless examination and integrated customs systems improvements.
Authorised Economic Operator reform and customs-trade facilitation are addressed through an open-floor deliberation involving importers, exporters, terminal operators, customs brokers and surveyors. Practical submissions are to be consolidated into an Outcome Document for submission to the Central Board of Indirect Taxes and Customs. Focus areas include trust-based compliance, faceless examination, National E-Bond, transfer of ownership, Participating Government Agency routing through SWIFT 2.0, and Customs Integrated Systems 2.0. Related sessions address GST appellate dispute preparedness, free trade agreement services, maritime risk and customs reform implementation.
September 10, 2026
Show AI Summary
FCNR(B) fund deployment over several months is expected to prevent abnormal lending while supporting responsible banking liquidity management.
FCNR(B) inflows mobilised through a special concessional swap arrangement are anticipated to be deployed over three to four months. Banks are expected to manage the resulting liquidity responsibly rather than expand credit abnormally. The staggered deployment period is presented as mitigating concerns that diaspora-linked foreign-currency inflows could cause excessive lending.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
News and Press Release

Inaugural Session of WTO Ministerial Meeting begins in New Delhi

May 13, 2019

Contents
Summary
Note

Note

-

Bookmark

Print

Print

http://164.100.117.97/WriteReadData/userfiles/image/image001PAAJ.jpg

Senior officials of participating countries at the inaugural session of the WTO Ministerial Meeting

Commerce Secretary, Dr.Anup Wadhawan, welcomed senior officials of participating delegations from Developing and Least Developed Countries (LDCs) who are meeting in New Delhi over two days to discuss key issues and challenges facing the multi-lateral trading system.

Speaking at the inaugural session, Commerce Secretary said that the existential challenges to the multilateral rules based trading system are manifestina spate of unilateral measures and counter measures, deadlock in key areas of negotiations and the impasse in the Appellate Body.  The logjam in the Appellate Body is a serious threat to the dispute settlement mechanism of the WTO and the implementation function of the Organization. The fundamentals of the system are being tested through a tide of protectionism around the world vitiating the global economic environment.  The situation does not bode well for developing countries, including the LDCs.

The harm that the institutional failure due to the collapse of the Appellate Body will cause will be felt more in Developing Countries including LDCs who need the protection of the rules based system more than developed countries. There is an urgent need to engage constructively to preserve the system and come up with constructive solutions to the problem.

The situation in the WTO has spurred a strong discourse for reforming the WTO, which unfortunately is characterised by a complete lack of balance.  The reform agenda being promoted does not address the concerns of the developing countries.  The discussions in the meeting being held in New Delhi give a chance to reaffirm the resolve to keep development at the centre of the reform agenda.   The reform initiatives must promote inclusiveness and non-discrimination, build trust and address the inequalities and glaring asymmetries in existing agreements. These asymmetries are against the interest of developing countries including LDCs. There is a need to work together to put issues of importance for developing countries and their priorities in the reform agenda.

There has been no active engagement or movement on key issues of concerns for developing countries including LDCs in the negotiating agenda. Agriculture remains a key priority for a large membership of WTO representing the developing world. However, there is a strong push to completely relegate existing mandates and decisions and work done for the past many years, to the background.

Discipline on fisheries subsidies are currently under negotiation at the WTO with intense engagement to understand the issues and work out a meaningful agreement by December 2019. The MC11 decision on fisheries subsidies clearly mandates that there should be an appropriate and effective special and differential treatment for developing countries. It is important for developing countries including LDCs to collectively work for a fair and equitable agreement on disciplines in fisheries subsidies, which takes into consideration the livelihood needs of subsistence fishermen and ground realities in our countries, and protects our policy space to develop capacities for harnessing our marine resources.

India believes that developing countries need to work together to protect their interests in the WTO negotiations through preservation of the core fundamental principles of the WTO. The two-day meet gives an opportunity to the participating countries of developing a shared WTO reform proposal on issues of priority and interest for developing countries. This will help in building a common narrative on issues of importance for Developing Countries including LDCs.

In two-day meeting following issues are likely to be discussed:

  • Finding a solution to the ongoing impasse in the Appellate Body on an urgent basis.
  • Issues of importance and priority for developing countries including LDCs in the reform agenda.
  • How to reinvigorate negotiating agenda on issues of critical importance for developing countries?
  • How to ensure effective S&D for all developing countries including LDCs?

Today’s senior officials’discussions will feed into the Ministers’ deliberations tomorrow,on 14th May 2019.

The two-day meeting is an effective move by developing countries to positively influence the outcome of WTO reforms by making development at its core and exploring all means of saving multilateralism.

Topics

Acts Income Tax