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
    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
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
❯❯
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
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.
August 5, 2026
Show AI Summary
Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
August 5, 2026
Show AI Summary
Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
August 5, 2026
Show AI Summary
Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
August 5, 2026
Show AI Summary
Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
August 5, 2026
Show AI Summary
Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
August 5, 2026
Show AI Summary
Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
August 5, 2026
Show AI Summary
Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
August 5, 2026
Show AI Summary
Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
August 5, 2026
Show AI Summary
Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
August 5, 2026
Show AI Summary
Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
August 5, 2026
Show AI Summary
Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
August 5, 2026
Show AI Summary
Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.

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