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 ✕
🔎 Filters / Advanced Search ❯
TEXT

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
    BharatBenz Inaugurates India’s Highest-Altitude Workshop at Leh-Ladakh in Collaboration with PPS Trucking
    KRAFTON India Brings the Final BGMI Redeem Code Drop on September 23 with the Golden Miramar - Pan
    Sikkim govt to introduce Aadhaar-based biometric attendance for employees from Oct 1
    Swastika Infra Limited Announces Launch of Initial Public Offering
    S&P, Fitch, others raise FY’27 India GDP growth projections; see RBI rate hike on inflation fears
    Centre for Trade and Investment Law Hosts Webinar on WTO Fisheries Subsidies Agreement
    Banks to remain open on Sunday, 27th September, for convenience of customers
    CGPSC scam: ED alleges Rs 45 lakh 'CSR' payment to ex-CGPSC chief for favouring businessman's kin
    Banks to remain open on Sunday for customers' convenience in view of proposed strike
    S&P, Fitch raise FY'27 India GDP growth projections; see 25 bps RBI rate hike on inflation fears
    ADB raises India's GDP growth forecast to 7pc on stronger-than-expected Q1 growth
    Hughes Precision Raises ₹250+ Crore to Accelerate Ammunition Manufacturing Expansion
    Fitch raises India's FY'27 GDP growth projections to 6.9 pc
    ED searches against entities involved in IBC process for Kolkata company
    Union Minister Shri Piyush Goyal Interacts with Industry Stakeholders on Ease of Doing Business, FTA Opportunities and Trade Reforms Workshop
    S&P raises India's FY27 GDP growth forecast to 7pc, sees 25 bps RBI rate hike
    India sees CELAC as imp partner in shaping more representative global order: EAM Jaishankar
    Trump says US, Iranian officials met, shortly after warning he may 'annihilate' Iran
    Carney says Canada, India aim to wrap up trade talks by G20 ahead of Modi visit
    Oil industry warns against diesel export ban
❮
❯
❯❯
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 23, 2026
Show AI Summary
Commercial vehicle after-sales support expands authorised repairs, genuine spares, roadside assistance, and uptime for remote high-altitude fleet operations.
Commercial vehicle after-sales support is expanded through a BharatBenz 3S facility operated by PPS Trucking for remote high-altitude fleet operations. The facility provides sales, authorised service, genuine spare parts, diagnostic systems, repair tools and round-the-clock roadside assistance. Trained technicians, service bays and regional spare-parts inventory are intended to reduce repair turnaround times and vehicle downtime. The support network serves commercial vehicles engaged in stone-crushing, road construction, communication-infrastructure transport and other heavy-duty operations in difficult terrain.
September 23, 2026
Show AI Summary
Redeem-code eligibility limits govern BGMI's final Golden Miramar Pan reward drop through the official redemption portal.
BGMI's final redeem-code series offers limited-time Golden Miramar - Pan rewards through general redeem codes valid only until September 25 on the official redemption website. Redemption requires a Character ID, valid code, Captcha verification, and submission through the redeem centre. Each code is limited to 10 users on a first-come, first-served basis; users may redeem one code daily, and each code is usable once per account. Guest accounts are excluded, and in-game mail rewards must be claimed within 30 days.
September 23, 2026
Show AI Summary
Aadhaar-based biometric attendance requires employee registration, integrates leave records, and triggers automated pay deductions for unauthorised absences.
Aadhaar Enabled Biometric Attendance System (AEBAS) is mandatory for regular and temporary government employees and integrates attendance and leave data with PRANALI. Monthly reports are verified to identify authorised leave and net absence. Remaining unauthorised absence may result in digitally issued extraordinary-leave or leave-without-pay orders, personnel-record updates, and automated salary deductions. Temporary employees' failure to record attendance is treated as leave without pay.
September 23, 2026
Show AI Summary
Initial public offering by Swastika Infra combines a fresh issue and offer for sale, subject to approvals.
Swastika Infra Limited proposes an initial public offering comprising a fresh issue of equity shares and an offer for sale, with proposed listings on BSE Limited and National Stock Exchange of India Limited. The allocation framework covers qualified institutional buyers, anchor investors, non-institutional investors and retail individual investors. Net fresh-issue proceeds are intended for incremental working-capital requirements and general corporate purposes. Completion remains subject to statutory and regulatory requirements, approvals, market conditions and other considerations.
September 23, 2026
Show AI Summary
Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
Show AI Summary
Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
Show AI Summary
Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
Show AI Summary
Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
Show AI Summary
Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
Show AI Summary
Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
Show AI Summary
GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
Show AI Summary
Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.
September 23, 2026
Show AI Summary
GDP growth outlook signals resilient expansion, but inflation, weaker rural demand, and supply pressures may prompt monetary tightening.
India's FY 2026-27 GDP growth forecast is raised to 6.9 per cent from 6.4 per cent, reflecting strong June-quarter growth and economic resilience. Economic momentum is projected to moderate as slower manufacturing and services expansion, below-normal monsoon rains, and rising inflation constrain demand. Strong demand, price increases and adverse supply conditions are expected to lead to monetary tightening.
September 23, 2026
Show AI Summary
FEMA scrutiny of insolvency acquisitions examines fund flows and possible indirect control by potentially ineligible resolution participants.
FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company.
September 23, 2026
Show AI Summary
Export facilitation reforms integrate local support, digital trade intelligence, and streamlined Free Trade Agreement procedures to improve market access.
Export facilitation reforms contemplate integrated Commerce and Industry offices and trained local personnel to provide exporters with common access points and district-level handholding support. The Trade Connect platform is envisaged to provide product-wise and HSN-code-wise tariff, Free Trade Agreement and procedural information, supported by digital and AI-enabled tools. Reforms also address electronic verification of Certificates of Origin, integration across the export cycle, digitalisation, simplified trade documentation, reduced compliance burden, and adherence to international quality standards.
September 23, 2026
Show AI Summary
Monetary policy outlook: resilient growth and persistent inflation support a projected policy-rate increase amid weather and geopolitical risks.
India's FY27 growth outlook is revised upward to 7 per cent from 6.6 per cent, supported by industrial activity, consumption, goods exports and government investment. Consumer inflation is projected to average 5.1 per cent. Persistent inflationary pressures, solid growth, conflict in West Asia and weather-related risks are expected to support higher interest rates, while below-normal monsoon rainfall may affect agricultural output and food inflation.
September 23, 2026
Show AI Summary
Trade partnership frameworks seek diversified market access through proposed economic agreements, investment cooperation, stronger business linkages, and improved connectivity.
Trade and market-access cooperation is to be advanced through a proposed Comprehensive Economic Partnership Agreement with Chile, a proposed Free Trade Agreement with Peru, and expansion of the Preferential Trade Agreement with MERCOSUR. The frameworks seek mutually beneficial outcomes while respecting respective sensitivities and priorities. Diversified trade, investment and business partnerships are envisaged through stronger business-to-business linkages, improved connectivity and more predictable market access.
September 23, 2026
Show AI Summary
Diplomatic engagement amid armed conflict continues as parties discuss reopening strategic waterways, energy security, and a potential negotiated settlement.
Diplomatic engagement between the United States and Iran resumed amid an ongoing armed conflict. The engagement concerned reopening the Strait of Hormuz and returning to negotiations toward a settlement, while the United States position combined willingness to engage with threats of escalated military action if an agreement was not reached. Regional consultations also addressed risks to oil carriage, energy supplies, and navigation through strategic waterways.
September 23, 2026
Show AI Summary
Bilateral comprehensive trade agreement negotiations aim for conclusion at the G20, supporting diversification and renewed economic ties.
Comprehensive trade agreement negotiations between Canada and India are progressing, with both governments aiming to conclude discussions by the mid-December G20 summit. Formal negotiations commenced in March, accompanied by a broader commitment to complete the agreement by the end of 2026. The proposed arrangement forms part of renewed bilateral economic engagement and Canada's strategy to diversify trade relationships, strengthen market access and reduce dependence on a single market.
September 23, 2026
Show AI Summary
Diesel export restrictions may worsen refinery constraints and consumer fuel costs amid global refining capacity disruptions.
Possible restrictions on diesel exports are being considered to address rising domestic diesel prices amid disruption to global refining capacity. Oil industry representatives oppose an export ban, contending that it could aggravate refinery-sector constraints and worsen supply conditions. They advocate increased supply and operational flexibility instead of new export restrictions, while farm-state senators support a diesel export ban.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Trump, Musk's dismantling of government is shaking foundations of US democracy

February 5, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Washington, Feb 5 (AP) When Elon Musk debuted the Department of Government Efficiency recently at the Capitol, House Speaker Mike Johnson enthusiastically predicted the coming Trump administration would bring “a lot of change around here.” Three weeks in, the change the Trump administration has brought is a disruption of the federal government on an unprecedented scale, dismantling longstanding programmes, sparking widespread public outcry and challenging the very role of Congress to create the nation's laws and pay its bills.

Government workers are being pushed to resign. Entire agencies are being shuttered. Federal funding to states and nonprofits was temporarily frozen. And the most sensitive Treasury Department information of countless Americans was opened to Musk's DOGE team in an unprecedented breach of privacy and protocol.

“This is an erosion of our democracy,” said Brian Riedl, a longtime economic adviser to conservative Republicans, now at the Manhattan Institute think tank.

President Donald Trump has tapped Musk, the world's richest man, to take on inner workings of the world's oldest democracy, and so far the results are stunning, if not alarming and unlawful, being challenged in dozens of court cases nationwide.

Congress is proving little match for DOGE as wary lawmakers watch it march through the bureaucracy. Instead, a rush of lawsuits is demanding interventions to stop the Republican president's team from unilaterally gutting government. And protests are erupting outside government agencies and clogging the congressional phone lines.

“Whatever DOGE is doing, it is certainly not — not — what democracy looks like or has ever looked like in the grand history of this country,” Senate Democratic leader Chuck Schumer said.

"An unelected shadow government is conducting a hostile takeover of the federal government,” Schumer posted on Musk's social media site X.

Musk responded on his platform: “Hysterical reactions like this is how you know that DOGE is doing work that really matters.” Congress has been here before, tested during Trump's first term by his willingness to break the norms and skirt the outer banks of legality, most notably when he steamrolled Congress and poached federal military housing and construction funds to build parts of his promised wall along the US-Mexico border.

But Trump's second-term partnership with Musk, who spent some USD 200 million on Trump's White House bid and employs the tech world ethos of moving fast and breaking things, is escalating the confrontation.

On a stated quest to save money by rooting out waste, fraud and abuse, they are making moves to upend American institutions, decimate the civil service and leave a reformed — or hollowed-out — federal government in its place.

Sharon Parrott, president of the Centre on Budget and Policy Priorities, said it would be “catastrophic to our system of government” if the effort succeeds.

“Many of the things they are doing are brazenly unlawful, and we've seen that the courts have been willing to intervene — and intervene quickly,” Parrott said. “There's a real readiness and understanding of the stakes.” In many ways, Trump is pursuing by force what Republicans have long promised but have been unable to deliver by congressional action: shrinking the size and scope of the federal government.

Anti-tax crusader Grover Norquist quipped more than a decade ago about the goal of making government small enough to drown in a bathtub.

But facing pushback from within their ranks about cutting programmes Americans rely upon, Republicans have repeatedly failed to accomplish their budget-slashing goals even when they fully control Congress and the White House, as they do now.

While Congress has the power to pass legislation to fund government operations, the president can veto bills or sign them into law. Instead, Trump is testing an idea championed by his nominee for budget director, Russ Vought, that the executive has the ability to “impound” federal funds, clawing the money back.

Republican Sen. Kevin Cramer of North Dakota said DOGE provides “cover” for some Republicans who want to cut federal funds, when Congress has failed to do so.

And other Republicans say they are comfortable with Trump's pause of certain federal operations, particularly the US Agency for International Development, which sends aid around the world. Closing the Department of Education is next on deck.

“We've got oversight,” said Republican Sen. Thom Tillis of North Carolina. “If he goes too far, I'll be the first person to step up.” Taken together the actions of the administration and DOGE have been swift, relentless and wide open to debate.

Trump's Office of Management and Budget's move to abruptly freeze federal grants and loans drew outrage nationwide as states and nonprofit organisations feared being locked out of funds they need to provide housing, health care and other services. A day later, the White House reversed course.

The shutdown of funds to USAID is largely seen as a test case for the Impoundment Control Act, which Vought has discussed using as a way to roll back congressionally approved funding. Vought's nomination is on track for Senate confirmation this week, despite all Senate Democrats saying they will oppose him.

And DOGE dipped into the inner-workings of the Treasury Department to access its payment system — and the private information of millions of Americans — in what is widely viewed as a way for the White House to eventually stop federal funds to various entities.

On Monday, US District Judge Loren L. AliKhan said the administration's actions with the federal funding “potentially run roughshod over a bulwark of the Constitution' by interfering with Congress's appropriation of federal funds.” “Defendants' actions appear to suffer from infirmities of a constitutional magnitude," she wrote, extending an order issued last week that had paused OMB's sweeping funding freeze. “The appropriation of the government's resources is reserved for Congress, not the Executive Branch. And a wealth of legal authority supports this fundamental separation of powers.” Sen. Patty Murray of Washington, the top Democrat on the Senate Appropriations Committee, said what gives her pause now is how Congress moves forward with legislation to fund the government by the upcoming March 14 deadline.

“What if we do all that and come to an agreement ... vote it in — and this administration says, 'That's bunk. We don't have to go by that,'” she said. “So the level of trust is at the lowest I have ever seen it here.” Asked if the administration could do what it's doing, Johnson, the speaker, insisted, "There will be an appropriate action for Congress to take, but we haven't yet sorted out what's happening with it.” Pressed if Trump had the authority to shut agencies, he said: “I don't have all the answers.” (AP) GSP

Topics

Acts Income Tax