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
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
❯❯
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
August 6, 2026
Show AI Summary
Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
August 6, 2026
Show AI Summary
Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
August 6, 2026
Show AI Summary
Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
August 6, 2026
Show AI Summary
Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
August 6, 2026
Show AI Summary
Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
August 6, 2026
Show AI Summary
NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
August 6, 2026
Show AI Summary
Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
August 6, 2026
Show AI Summary
Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
August 6, 2026
Show AI Summary
Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
Show AI Summary
Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
Show AI Summary
Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
August 6, 2026
Show AI Summary
Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
August 6, 2026
Show AI Summary
Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
August 6, 2026
Show AI Summary
Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
August 6, 2026
Show AI Summary
Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
August 5, 2026
Show AI Summary
Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
August 5, 2026
Show AI Summary
Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
August 5, 2026
Show AI Summary
Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
August 5, 2026
Show AI Summary
On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
August 5, 2026
Show AI Summary
Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Text of the Union Finance Minister Pranab Mukherjee's Address at University of Chicago on Establishment of the Swami Vivekanand Chair.

January 30, 2012

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Press Information Bureau

Government of India

Ministry of Finance

29-January-2012 19:58 IST

Text of the Union Finance Minister Pranab Mukherjee's Address at University of Chicago on Establishment of the Swami Vivekanand Chair

I feel honoured to be present here at this world famous University of Chicago, to mark the beginning of very fruitful chapter in our cooperation.  We have just witnessed the signing of a MoU for setting up of the Indian Ministry of Culture Swami Vivekananda Chair that will establish a visiting professorship in the field of Indian studies. It was the decision of our National Committee headed by the Prime Minister to commemorate the 150th Birth Anniversary of one of India’s greatest souls, Swami Vivekananda, at the city of Chicago, where he delivered his stirring address in 1893.  The National Implementation Committee, that I chair, took up several options and decided unanimously that the proposal of the University of Chicago, that has the distinction of being one of the great centres of learning, would be the most befitting to enshrine the universal values that Swami Vivekananda professed.

2.         Swami Vivekananda came to Chicago in 1893 to attend the World Parliament of Religions as a representative of Hinduism and India, and it is here that he quoted from the ‘Bhagvad Gita’:  “Whosoever comes to Me, through whatsoever form, I reach him; all men are struggling through paths which in the end lead to Me. Sectarianism, bigotry, and it’s horrible descendant, fanaticism, have long possessed this beautiful earth. They have filled the earth with violence, drenched it often and often with human blood, destroyed civilization, and sent whole nations to despair.” This universal message is time-invariant; it is as relevant today as it was over 100 years ago.

3.         The terror that was let loose on 11th September, 2001 on the soil of this nation has only served to tragically underline these words spoken by Swami Vivekananda also on 11th September in 1893, in this very city of Chicago.   It is relevant to note that  Vivekananda had also said, “…I fervently hope that the bell that has tolled this morning in honour of the Convention may be the death-knell of all fanaticism, of all persecutions with the sword or the pen, and of all uncharitable feeling between persons wending their way to the same goal.”

4.         His goal was to help each individual to grow, to manifest her inner potential, according to her own line of development. As Swamiji put it: “All the men and women in any society are not of the same mind, capacity, or of the same power to do things; they must have different ideals, and we have no right to sneer any ideal.”

5.         Swami Vivekananda came to these shores with the message of the unity of all humanity  : “If you go below the surface, you find that Unity between man and man, between races and races, high and low, rich and poor, gods and men, and men and animals. If you go deep enough, all will be seen as only variations of the One; and he who has attained to this conception of Oneness has no more delusion.”

6.         Swami Vivekananda made a powerful impact upon the American psyche in the last decade of the nineteenth century. He conversed with eminent philosophers, scientists, inventors, entrepreneurs, priests and thousands of ordinary people, men and women from all walks of life and all strata of society.  All the time he was both teaching and learning.    The great interest in the spiritual traditions of the East that we see in the West today is in substantive measures directly attributable to Swami Vivekananda. Teachers of the rich and varied spiritual schools of Hinduism and Buddhism who came and taught in America over the past hundred years have only followed in the footsteps of the pioneer, Vivekananda.

7.         He was intensely pained at the caste discrimination prevalent in India and was all sympathy for the poor and suffering of all nations, castes and creeds. He held the neglect of the masses and the subjugation of women to be the two causes of India’s downfall. He said to his disciple, Sister Nivedita, “Never forget it, the word is, women and the people.”

8.         Christopher Isherwood held Vivekananda to be “…one of the very greatest historical figures that India has ever produced…Vivekananda looked toward the West, not simply as a mass of tyrants exploiting various parts of Asia…but as future partners, people who had very, very much to offer.”

9.         Swami Vivekananda loved America and Americans in particular. On 19th September, 1893, he concluded his paper on Hinduism with a stirring tribute to America: “Hail Columbia, motherland of liberty! It has been given to thee, who never dipped her hand in her neighbor’s blood, who never found out that the shortest way of becoming rich was by robbing one’s neighbours, it has been given to thee to march at the vanguard of civilization with the flag of harmony.”

10.       Swami Vivekananda did not live to see forty. Barely ten years after he spoke in Chicago, he was gone - in 1902, on the fourth of July, the Independence Day of a nation he had come to love. He passed away in the monastery in Belur, near Kolkata, on the bank of the river Ganga. He appeared like a blazing comet across the sky of our life, full of brilliance and hope for all humanity. He promised to remain ‘a voice without a form inspiring men everywhere’ and for all times to come. Let us all listen to his voice till we too become dwellers in the realm of light that was his vision.

11.       The Indian Government is extremely happy in giving an endowment of US$ 1.5 million to the University of Chicago, for establishing the Swami Vivekananda Chair.   The activities that would be undertaken under this Chair would focus on Vivekananda, through lectures, seminars and suitable related academic activities on Indian Culture and Indian Studies.

12.       The Swami Vivekananda Chair will be held by each scholar for a period of two years.  The University of Chicago will also facilitate exchange of research scholars from and to India between both the parties i.e. the University of Chicago and the Government of India.

13.       We sincerely hope that this Vivekananda Chair will promote an ongoing study of the cultures and way of life of the peoples of these two great democracies, so that our two countries understand each other better and come closer together. This permanent endowment will help spread the message of harmony of religions, understanding between nations and the spiritual oneness of humanity, which Swami Vivekananda worked for.

14.       Before I conclude I would like to thank Dean Martha Roth for facilitating the setting up this Chair in the honour of a great son of India and his world vision. I would also like to thank Dr. Robert Zimmer, President of University of Chicago for his leadership and vision in taking this step to strengthen this historical relationship with India. And finally to the Indian community in Chicago who have contributed to sustain the goodwill between our two nations.

Thank you

The Chicago University’s  Vivekananda Chair:

Earler, an Agreement for creation of “The Indian Ministry of Culture Vivekananda Chair” was signed betwween Ministry of Culture, Government of India and University of Chicago in the presence of the Union Finance  Minister Shri Mukherjee in Chicago today during his Chicago visit.  The salient features of this Agreement are:-

•          In consideration of a grant of US$ 1.5 million for creation of an endowment, the University of Chicago will establish “The Indian Ministry of Culture Vivekananda Chair” to honour the life & legacy of Swami Vivekananda by promoting fields of study most relevant to his teachings.

•          The University of Chicago will identify and send to Government of India dossiers of two or three candidates who possess a demonstrated record of scholarly excellence and whose work epitomizes the legacy of Swami Vivekananda.

•          The University of Chicago will take into an account the feedback from the Government of India before making its final selection from the pool of selected candidates.

•          The Swami Vivekananda Chair will be held by each scholar ideally for a period of 2 years.

•          The Chair who will be filled a senior scholar of significant academic distinction in a field of study promoted by Swami Vivekananda. He/she will remain in residence for one or more quarters of the academic year to teach, conduct research, and engage with the intellectual community of the University.

•          Each year, the holder of the Swami Vivekananda Chair will also make a public Presentation on a topic that exemplifies, honours, and promotes the legacy of Swami Vivekananda.

The said Presentation will be scheduled and organized in coordination with the office of Consul General of India at Chicago.  Each such event will be a public celebration of the partnership between the University of Chicago and the Government of India and an enduring commemoration of Swami Vivekananda’s indelible mark on the City of Chicago.

•          University of Chicago will give wide publicity to the establishment of the said “The Indian Ministry of Culture Vivekananda Chair” as part of commemoration of 150th birth anniversary of Swami Vivekananda and such publicity will also be displayed prominently in the University.    The University will display the title of the Chair in all appropriate materials, print and electronic media wherever such Chairs are promoted and publicized.

•          All the expenses connected with the creation and operation of the Chair like salary, cost of travel, accommodation, annual presentation etc. will be met from the interest income generated from the endowment grant of US$ 1.5 million.  The University of Chicago will be responsible for maintaining separate accounts for the principal account, expenditure and income.

•          The University of Chicago will also facilitate exchange of research scholars from/ to India between both the parties i.e. University of Chicago and Government of India.                                        

******

DSM

Topics

Acts Income Tax