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
    ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
    Goyal blames market conditions for Jet Airways' downfall; ED says he 'bled airline to death'
    Rupee rises 8 paise to close at 94.43 against US dollar
    NSE gets regulatory nod for Rs 30,000 cr IPO, the biggest so far
    Sensex rebounds 362 pts, snaps 4-day losses on strong rally in metal, oil shares
    Forex kitty jumps USD 11.47 bn to fresh all-time high of USD 740.8 bn
    NSE gets Sebi nod for Rs 30,000-cr IPO, one of India's largest public issues
    'Policing the Republic': Book traces history of personal security, from Pharaohs to presidents
    Rupee rises 5 paise to 94.46 against US dollar in early trade
    No sensitivity of India compromised in trade pact with US: Goyal
    About 100 highway plazas used illegal apps to collect toll from vehicles not bearing FASTag stickers: ED
    CBI conducts course on financial crimes for officers from ITEC-member countries
    Delhi workers welfare board blacklists firm for over 20,000 'unauthorised' Aadhaar transactions
    Rupee rises 22 paise to close at 94.51 against US dollar
    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
    Loans to go beyond SHGs, women to get access to credit to expand livelihoods: Union minister Chouhan
    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
    CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist fro...
❯❯
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 4, 2026
Show AI Summary
Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
Show AI Summary
Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
Show AI Summary
Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
Show AI Summary
Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
Show AI Summary
Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
Show AI Summary
Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
Show AI Summary
IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
Show AI Summary
Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
Personal security evolved from elite guards into structured systems combining physical protection, intelligence, technology and specialised protocols. Prime Ministerial security in India was reorganised after the 1984 assassination of Prime Minister Indira Gandhi by her bodyguards. A commission recommended a single protective agency, leading to the formation of the Special Protection Group in 1985. Statutory parameters introduced in 1988 sought to rationalise and scientifically streamline protection arrangements. Advanced technology, training, intelligence and protocols do not eliminate personal-protection vulnerabilities, and security is characterised as a necessity rather than a status symbol.
September 4, 2026
Show AI Summary
Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
Show AI Summary
Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
Show AI Summary
Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.
September 3, 2026
Show AI Summary
Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
Capacity-building training under the Indian Technical and Economic Cooperation programme equipped officers from member countries with practical skills for investigating economic offences. It covered varied forms of financial and economic crime, cross-border impact, challenges in investigation and prosecution, standard operating procedures, and investigative best practices. The specialised law-enforcement engagement aims to strengthen international cooperation and investigative capacity in economic-offence matters.
September 3, 2026
Show AI Summary
Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
Alleged unauthorised use of Aadhaar Registrar/EA Code credentials after termination of an operational engagement led the Delhi Construction and Other Workers Welfare Board to blacklist MDS Solution Pvt Ltd. UIDAI communication indicated that Aadhaar-related activity allegedly continued after cancellation through the Board's credentials. The Board lodged a police complaint, barred the firm from its tenders, procurement processes, empanelment and contract awards, and recommended consideration of action under applicable rules and policies.
September 3, 2026
Show AI Summary
FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
Show AI Summary
Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
Show AI Summary
Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
Show AI Summary
Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
Show AI Summary
Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
Show AI Summary
Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
Show AI Summary
Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

Ministries of Tourism and Culture meet the 15th Finance Commission

August 27, 2019

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Ministries of Tourism and Culture meet the 15th Finance Commission

Stress on Tourism and Culture as vehicles of employment generation, income growth and national integration & international relations.

States to be incentivised by XVFC for promotion of Toursim and Culture

The Minister for Tourism and Culture, Shri Prahlad Singh Patel and senior officials from both the Ministries today called on the 15th Finance Commission headed by  Chairman, Shri N.K. Singh to put forth the financial projections of the Ministries on various schemes and projects and also suggest measures for incentivizing States by the Finance Commission in its rewards, for the promotion of tourism and culture.

The Chairman, Shri N. K. Singh observed that the Tourism and Culture sectors are very important for the Finance Commission as they were engines of employment generation, income growth, integral part of integration of the nation and for building international relations.  He says that the Commission was aware of the typical problems of the sectors most of which were legacy issues.  The Chairman was of the view that major changes were required in the ASI Act 1958,  which was dated and not suited for current times.  He suggested that private sector participation should be encouraged for the up-keep of protected monuments and should be enacted to aggressively market the monuments amongst international and domestic tourists.  The meeting discussed the Prime Minister’s stress on domestic tourism and Chairman was of the view that sending school students to the different parts of the country should be made mandatory on the part of the school - by making it a part of the school syllabus.  He recalled that he had already raised  this issue with the Union  HRD Minister,

Shri Ramesh Pokhriyal. The  meeting discussed the problems facing the hotel industry and the lack of connectivity infrastructure which was hampering the growth of tourism across the country.

The Commission was informed by the Tourism Ministry that –

  • Niche Products have been identified by the Ministry of Tourism for development and promotion: i. Cruise ii. Adventure iii. Medical (also called medical travel, health tourism or global healthcare) iv. Wellness (Indian system of medicine covered by Ayurveda, Yoga, Unani, Siddha and Homeopathy (AYUSH) v. Golf vi. Polo vii. Meetings Incentives Conferences & Exhibitions (MICE) viii. Eco-tourism ix. Film Tourism x. Sustainable Tourism
  • Human Resource Management and Broad-basing of the Hospitality Education followed by Capacity Building for Service Providers leading to easy access to tourism destinations in terms of international transport and facilities are the major areas of concern for the Ministry.
  • MoT to work towards augmenting tourism infrastructure, easing of visa regime, assurance of quality standards in services of tourism service providers, projecting the country as a 365 days’ tourist destination, promoting tourism in a sustainable manner
  • MoT to accord priority for holistic development of tourism destinations into world class destination using a cluster approach including development of infrastructure, amenities, interpretation centres and skill development by achieving synergy and convergence with other Central Ministries, State Governments and Industry Stakeholders
  • Major schemes of the Ministry of Tourism for achieving its objectives:
  1. Integrated Development of Tourist Circuits around Specific Themes – Swadesh Darshan
  2. National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD)
  3. Assistance to Central Agencies for Tourism Infrastructure Development
  4. Domestic Promotion & Publicity including Hospitality (DPPH)
  5. Overseas Promotion & Publicity Including Marketing Development Assistance (MDA).
  6.  Assistance to IHMs/FCIs etc.,
  7. Capacity Building for Service Providers (CBSP).
  • The Ministry of Tourismobserved that State Governments need to be incentivised for contributing to infrastructure development of Tourism destinations by providing land, taking up development of lesser known tourism destinations, provision of wayside amenities and capacity building of hospitality industry.  
  • The Ministry has suggested that the performance of the States in tourism sector can be looked into from Foreign Exchange Earnings and Foreign Tourist Visits perspective. However, Foreign Exchange Earnings are compiled by RBI at National Level and hence, it is not possible to get segregated figures for States and the same may therefore, not be suitable for the purpose.
  • Ministry of Tourism has a mechanism to capture the Foreign Tourist Visits to different States which can be used to assess the performance of States in the tourism sector. The claims of the States regarding Foreign Tourist Visits could be crosschecked by undertaking sample surveys for providing performance based incentives to States.
  • Further, the Ministry of Tourism has requested that the performance of States could be assessed through a broader framework beyond export effort by using key parameters such as:
  1. State expenditure on Tourism
  2. Tourists visits
  3. Presence of classified Hotel Rooms
  4. Effectiveness of marketing campaign
  5. Ease of Doing Business
  6. Classified hotel rooms
  7. Policy guidelines and incentives
  8. Tourist Feedback
  • The projection of expenditure by the Ministry of Tourism for the year 2020-25 are as follows:

Year

Rs. in crore

2020-21

3740.33

2021-22

4987.24

2022-23

4920.10

2023-24

4484.33

2024-25

3904.03

Total

22036.03

The Commission was informed by the Culture Ministry that – 

  • A Strategic Shift was envisaged in the culture sector. The programmesmust be integrated into strategies for sustainable development at every level and take into account the needs and aspirations of the community where cultural assets are found. Sustainable heritage conservation depends upon the commitment and involvement of local communities. Conservation policies, to be successful, need to promote local community stewardship of the heritage as well as provide socio-economic benefits for local communities. Therefore, a direct link must be made between safeguarding the heritage and socio-economic development. This calls for the deliberate recasting of heritage conservation as a development activity that brings economic opportunities, creates jobs, and generates income based on traditional technologies and knowhow.
  • While ongoing professional and institutional efforts at heritage conservation would be strengthened, participatory approach would be used to catalyse engagement of local community and various interest groups.
  • The programme assistance should be provided in the form of practical, technical, and small “start-up” grants to the local communities and NGOs. At least some p[art of the annual plan outlay for culture should be used for these “local” grants.

 The Ministry of Culture was of the view that: 

  • The Archaeological Survey of India (ASI) needs to be strengthened for proper conservation, preservation and maintenance of the build heritage of the country. For this, it would be necessary to prepare a comprehensive coordinated plan for conservation and development of monuments and archaeological sites by the Central and State governments and academic and research institutions. UNESCO Category-2 Regional Centreswould be established.
  • Efforts would be stepped up for conservation of unprotected heritage buildings, monuments, archaeological sites, and historic buildings. Fellowships for visiting scholars would be instituted. Cultural Heritage Management Council would be created. And, finally, mapping of cultural heritage resources would be taken up. Schools would be engaged in mapping of local history, ecology and cultural heritage of the area where they are located.
  • A large number of Science museums in partnership with the Ministry of Science and Technology and Ministry of HRD also be established. These could have three parts-pedagogy centre for school/college teachers, science activity centre for students, and science Exploratorium for general public.
  • A mechanism should be established to enable ASI to provide financial assistance to projects proposed by the scientific organisations of State Governments, departments of anthropology in universities, NGOs involved in anthropological studies and similar bodies. Further, assistance to State Governments, institutions and organisationsshould also be provided for documentation and dissemination of research results in the field of anthropology.
  • It will also develop its own repertoire and be a vibrant cultural hub. This would require about 15-20 acre land in Central Delhi.
  • Similar centres may also be set-up in Kolkata, Chennai and other major cities in due course. In Kolkata, the area encompassing RabindraSadan Cultural Complex and Central Cultural Institute has a potential to be developed into such a Centre. New and innovative institutional arrangements and partnerships may be needed to create and manage such integrated complexes.
  • India should explore the possibility of having a permanent presence at the prestigious Venice Biennale of Art. The space could be used not only for the Art Biennale but also for the equally prestigious Venice Biennale of Architecture and in the lean months for any other cultural activities.

The Ministry projected that :

  • Central Government needs to partner with the State Governments in making the State Academies play an important role in preserving and promoting performing, visual and literary arts of each state.
  • In order to leverage professional expertise and capacity from outside in specific disciplines, Government could enter into partnership with selected universities, institutions of national importance, research institutions and cultural organisations to undertake a mutually agreed programme and function as Centre of Excellence in the specified fields. While autonomy of these organisationswill be respected, deliverables will be closely monitored.
  • Several steps like electronic payments, online applications and minutes of expert committees available online have been introduced to bring about transparency.
  • Capacity-building and training of personnel to work in various Cultural Organisations is a critical requirement. Presently, some training is being imparted, but in a limited and distributed manner with various institutes under the aegis of the Government. Coordination and expansion of training research should be undertaken through an apex institutional mechanism or a Central Cultural University for the purpose.

Summing up the meeting, the Chairman asked the two Ministries to give all necessary details to the Finance Commission which would help it make important recommendations on:-

  • Incentivising States by giving sector specific grants for Tourism & Culture.
  • Award States for meeting specific requests for Culture and Tourism.
  • Key factors of a new ASI Act – which would bring into focus the by recommendations for highlighting India’s cultural heritage.

Topics

Acts Income Tax