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    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
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
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    August 6, 2026
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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.

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      From Compliance to Culture: The Urgent Need for Electrical Safety in India's Manufacturing Industry

      January 20, 2025

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      Between 2017 and 2020, accidents in India's factories led to an average of three deaths and 11 injuries every day. Even more troubling, electrical accidents account for nearly 13 electrocution fatalities daily, the highest in any country in the world. The Central Electricity Authority (CEA) data further reveals that almost 40% of workplace fatalities are caused by electrical issues, a matter of grave concern.

      Having said that, India's manufacturing sector is growing rapidly with an expected expansion of 5% in 2024 and an increase in its share to 25% of the national economy by 2025. Employment in the sector is also on the rise, increasing by 7.5% in 2022-23 alone. However, as manufacturing surges, it is putting more and more workers at risk. If India is to achieve its vision of becoming a global manufacturing hub, electrical safety must become front and centre.

      Embracing Safety as a Foundational Element Recognising this, Polycab, India’s largest manufacturer of wires and cables, in partnership with CNBC-TV18, has launched Infra Safety: Powering India's Electrical Future, a series of conclaves to address the urgent need for electrical safety in the country. After holding the first conclave of this pioneering initiative in Mumbai in December 2024, Polycab presented the second Infra Safety Conclave in Chennai on January 7, 2025.

      The discussions focused on manufacturing safety with experts from diverse sectors sharing their valuable insights. They included Gopa Kumar S, President of the National Federation of Engineers for Electrical Safety, A Thanapal, Assistant District Officer, Tamil Nadu Fire and Rescue service, and R. Balakrishnan, VP & Head, MEP design, L&T. The manufacturing sector was represented by Srivats Ram, Managing Director, Wheels India and Chairman, CII, Tamil Nadu, and RA Krishnakumar, COO, Chettinad Cement Corporation. They were joined by Polycab’s Executive Director Nikhil Jaisinghani and Executive President & Chief Business Officer Bhushan Sawhney.

      The panelists emphasized the importance of safety standards, system audits, and reliable electrical infrastructure. The conclave also highlighted innovations such as IoT and advanced cabling solutions as the drivers of an electrically safer and more sustainable manufacturing future for India.

      Prioritizing Electrical Safety Electrical safety in manufacturing must be seen as a strategic priority, not just an afterthought, stated the panelists. While initiatives such as Make in India 2.0 and Aatmanirbhar Bharat have laid the foundation for industrial growth and advancement, it is imperative for India’s manufacturing sector to turn its focus on the critical role that electrical safety will play in this progress.

      Harish Bhardwaj, National Head, Industry Vertical, Polycab, highlighted the severity of electrical accidents in the country. He noted: "The statistics are clear. Electrical accidents claim more than 5,000 lives annually. And productivity losses from disruptive power can pull down revenues by 5-10%. These are not mere numbers; they represent the human and economic cost of safety lapses." The path to a safer, more sustainable manufacturing future requires collective effort, however. This requires collaboration between the government, industry leaders, safety experts and companies, and is essential to drive change and create a culture of safety in the country’s workforce.

      Infra-Safety: A Critical Imperative in Nation’s Progress Story Pointing to India's growing attractiveness as a global manufacturing sector, which will be pivotal for the country's growth trajectory, Mr Bhardwaj noted: "Foreign direct investments in the country have grown substantially by about 69% over the last decade. Along with this, there is also a huge need for infrastructure growth, and the government has been investing significantly in this space." At the same time, India’s manufacturing scale-up requires a matching scale-up in safety with the embrace of modern safety standards. "India is a great place to set up manufacturing," said Srivats Ram, Managing Director of Wheels India and Chairman, CII, Tamil Nadu. "But as we grow and become more competitive, it is essential to instil a safety culture in manufacturing to ensure we grow safely." While India's competitive advantage lies in its large pool of skilled talent, by embedding safety and skill development into manufacturing practices, the country can build a safer, more efficient industry for long-term success.

      From Reactive to Proactive The conclave explored critical aspects of electrical safety in the Indian manufacturing sector, emphasizing the sector's preparedness to meet global safety standards, the challenges faced by manufacturers, and how these challenges could be turned into opportunities for growth and global competitiveness.

      Chettinad Cement’s R A Krishnakumar highlighted a positive change in the sector’s approach to electrical safety. "Earlier, we had a reactive approach to safety, but we have become more proactive today," he noted.

      While acknowledging this trend, R. Balakrishnan, VP & Head of MEP Design, L&T pointed out the challenges faced by MSMEs with cost constraints and the lack of skilled manpower acting as significant barriers. "The speed at which we adopt and practice safety measures will determine our global standing. However, for MSMEs, limited resources and awareness often hinder progress," he said.

      Regulation and compliance The Ministry of Heavy Industries' upcoming regulation, effective August 2025, aims to standardize Indian practices with global norms. While this regulation will cover over 50,000 types of machinery, smaller manufacturers may face challenges with compliance costs and timelines.

      Placing the need for robust safety audits and regulations in the context of the country’s emergence as an export hub, Gopa Kumar S., President of the National Federation of Engineers for Electrical Safety, pointed out: "When it comes to exports, a strong audit team often evaluates manufacturing facilities to ensure compliance with international requirements.”. Hence, the panelists urged the government to introduce subsidies and rewards for factories with exemplary safety records.

      Another recurrent theme was the need to foster awareness of the importance of electrical safety. In a fireside chat, Bhushan Sawhney, Executive President & Chief Business Officer, Polycab, succinctly stated: “India needs to bring in a safety culture which is different from having procedures and processes. This means that when people do their daily grind, they think about the safest way to do things. Those who are from the manufacturing sector would have noticed a difference in how they go about things today compared to what they did, say, 10 years ago." Mr Sawhney reiterated the importance of incentivizing safety in the manufacturing sector to boost awareness. “The government should reward industries and factories that prioritize and excel in safety measures. Creating awareness about the importance of safety is equally critical,” he urged. “A Surakshit Bharat can only be achieved when safety starts from the manufacturers,” he added.

      Role of Automation, Cables, and Smart Technologies This requires three-fold action, pointed out A. Thanapal, Gl Fire E, MI Fire E (UK), Assistant District Officer, Tamil Nadu Fire and Rescue Service: "In Tamil Nadu, nearly 814 industries faced fire accidents, of which 502 were because of electric hazards. How can we evade this? Electrical safety is nothing but applying the 3 Es -- Engineering, education and enforcement." India has a long way to go before it meets global manufacturing standards. Challenges like legacy machinery, outdated switchgear and low-quality components persist. However, innovations and technology can play a crucial role in bridging this gap. And the manufacturing sector can swiftly overhaul its safety measures by using IoT-enabled devices and advanced cables and wires to automate and transform its process control, averred Polycab’s representatives. These smart technologies can reduce electrical incidents, improve productivity, and create safer workplaces, aligning India’s factories with international benchmarks and boosting the country's manufacturing reputation.

      Building a Culture of Electrical Safety in Manufacturing While electrical safety is emerging as the foundation for global competitiveness in India’s rapidly advancing manufacturing landscape, every step in creating a robust safety culture requires collective effort — one that must be shaped by rigorous standards, open communication, and forward-thinking innovation.

      According to Venkatesu C, Chairman of Electrical Safety at FSAI, it must all start with the basics of integrity testing. “Integrity tests ensure that not just cables but also the accessories used can withstand adverse conditions,” he explained. This principle forms the groundwork, ensuring that safety begins from the smallest components and is built upward.

      However, safety is not just about the equipment, it’s also about empowering people. At FLSmidth Cement, safety has become a community effort, revealed its Head of Manufacturing, Krishnamoorthy Rathinavel. "We share information in the local language with all workers. Regular weekly meetings with blue-collar workers help. We have safety community meetings every month where we talk about improvements, initiatives and implementing a safety culture.” R. Gobinath from Optimal MEP Consultants pointed to the pivotal role played by MEP experts in bridging technical challenges and practical realities. “Sometimes, consultants must take a firm stand. While codes exist, adapting them for clients ensures better understanding and avoids issues like recurring lithium accidents,” he reflected, highlighting the need to balance adherence and innovation.

      The Infra-Safety Conclave ended with key insights from Nikhil Jaisinghani, Executive Director at Polycab. Talking about electrical catastrophes, he said, "Majority of the deaths in a fire accident take place because of smoke inhalation and the inability to move due to low visibility. We created a product called green-wire, mostly for residential applications. This product gives out white smoke (in layman terms), so you can see and move around. Today it has become the largest selling premium product in the country. But it was not easy. We had to do a lot of awareness campaigns to educate people about it".

      Nikhil also stressed the need to fix challenges early-on when adopting new technologies. This helps avoid safety gaps and ensures steady progress. He also shared how Polycab is closely working with NSDC to skill and educate electricians about best practices when it comes to safety. "Safety is hygiene, not an expectation. It must always be present and non-negotiable in any circumstance." As the Infra Safety campaign demonstrated, in the realm of manufacturing, electrical safety is not a luxury or an afterthought—it is a foundational element that must be integrated into every design, system, and protocol.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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