Just a moment...

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 characters0/2000
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.
RelevanceDefaultDate
    India exports 12.5 tons of Dashehari, Langra mangoes from UP to Dubai via sea route
    Finacle 10.2.25 software will make banking services faster and more transparent: Himachal CM
    Return of foreign investments shows revival of confidence in economy: RBI Bulletin
    India-US trade deal is almost complete: US State Department after Jaishankar-Rubio talks in Manila
    SC says legal error not sole ground to revoke liberty, flags growing trend of challenging bail
    Parliamentary joint committee on corporate laws amendment bill gets more time to submit report
    Archies Online Launches Pan-India Same-Day Cake, Flower & Gift Delivery Service
    DRI busts clandestine Mephedrone manufacturing facility in Ankleshwar, Gujarat and seizes Rs. 21 lakh; Three arrested
    SC rejects pleas of ED and state against grant of bail to Chaitanya Baghel in liquor scam cases
    US to impose steep tariffs on generic medicine imports from Aug 2028
    Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising
    Rupee falls 11 paise to 96.36 against US dollar in early trade
    India Reaffirms Commitment to Rules-Based Multilateral Trading System at WTO Trade Policy Review in Geneva
    Government's Financial Inclusion Mission Continues to Foster Economic Empowerment Through Universal Banking, Social Security and Credit Access
    Tribunal absolves Lalit Modi of FEMA violation in 2009 South Africa IPL event
    NABARD sanctions Rs 15,056 cr for 6,175 rural infrastructure projects in Haryana
    SUPREME COURT HIGHLIGHTS
    Government and RBI Strengthen Digital Lending Ecosystem Through New Regulatory Framework, Digital Lending App Directory and Enhanced Customer Safeguar...
    A First for India: EbixCash World Money's Perpetual RBI Licence Brings Trade and Family Remittances Within Reach of Millions - Unlocking Opportunities...
    Rationalisation of Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 – Draft Rules for Comments
❯❯
MaximizeMaximizeMaximize
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 SummariesHide All Summaries
    July 22, 2026
    Show AI Summary
    Sea-route mango export protocol validates cold-chain shipping that can reduce logistics costs and expand overseas market access.
    A sea-route export protocol for Dashehari and Langra mangoes was commercially validated for shipment from Uttar Pradesh to Dubai under an extended harvest-to-market transit period. The process used scientific post-harvest management, shelf-life treatment, grading, packing, refrigerated-container transport and a continuous cold chain. The reported marketable condition on arrival supports wider use of cost-effective sea freight, potentially reducing logistics costs, improving grower procurement prices and expanding access to overseas markets.
    July 22, 2026
    Show AI Summary
    Core banking migration supports faster transactions, stronger cyber security, transparent services and more convenient digital banking for customers.
    Migration of the cooperative bank's core banking system to the Finacle 10.2.25 platform is intended to enable faster, more transparent and secure banking services. The platform is expected to support customer-friendly transactions, stronger cyber security, convenient digital banking and improved operational efficiency. It may also strengthen the bank's delivery of financial benefits under government welfare schemes.
    July 22, 2026
    Show AI Summary
    Foreign investment recovery signals improved economic confidence amid sustained trade momentum and renewed food- and fuel-led inflation pressures.
    Foreign investment recovery, external trade momentum and inflation developments are examined amid geopolitical and supply-chain uncertainty. Strong export and import growth, the operationalisation of the India-UK Comprehensive Economic and Trade Agreement, renewed portfolio inflows and higher foreign direct investment were identified as supporting external-sector confidence. Consumer price inflation increased, led by food and fuel, while core inflation remained unchanged. Food-price pressures continued across staples, edible oils and vegetables, although comfortable foodgrain stocks could mitigate food-inflation effects.
    July 22, 2026
    Show AI Summary
    Interim trade deal negotiations near completion as bilateral discussions advance tariffs, defence agreements, strategic cooperation, and regional security.
    India-US bilateral engagement focused on advancing an interim trade arrangement reported to be nearing completion, alongside discussions on tariffs, energy, defence and security, critical minerals, and artificial intelligence. The talks included a shared interest in finalising the interim trade deal and completing unspecified defence agreements connected with prior bilateral commitments. Regional security, West Asia, the Indo-Pacific, and Quad cooperation were also discussed amid efforts to restore bilateral relations following trade, immigration, and security-related strains.
    July 22, 2026
    Show AI Summary
    Bail cancellation requires harm to criminal justice administration, not merely a legally flawed order granting liberty.
    Bail cancellation must turn on whether continued liberty obstructs the administration of criminal justice, not solely on legal error in the order granting bail. A deficient bail order, without more, does not justify revoking liberty. Challenges to bail orders should not displace the objective of timely trials and securing convictions. Although erroneous legal principles may require correction for consistency, they may not alone warrant cancellation of bail. Broader questions concerning the governing cancellation standard remain open.
    July 22, 2026
    Show AI Summary
    Corporate law amendments face extended parliamentary review of proposals on compliance decriminalisation, ease of doing business, and governance modernisation.
    Parliament extended the Joint Parliamentary Committee's reporting deadline on the proposed Corporate Laws (Amendment) Bill, 2026 until the end of the Monsoon Session. The Committee is examining amendments to the Limited Liability Partnership Act, 2008 and the Companies Act intended to facilitate ease of doing business, decriminalise minor procedural defaults, and modernise the corporate governance framework.
    July 22, 2026
    Show AI Summary
    Same-day gifting delivery expands access to cakes, flowers and curated gifts through an integrated pan-India online platform.
    Archies Online has introduced a pan-India same-day delivery service for cakes, flowers, gifts and hampers across major cities. Its integrated online platform offers greeting cards, personalised gifts, chocolates, soft toys and curated hampers for personal, professional and festive occasions. Same-day options include Rakhi and Friendship Day collections, supported by product curation, fresh sourcing and a delivery network intended to provide timely and dependable gifting services.
    July 22, 2026
    Show AI Summary
    Mephedrone trafficking enforcement uncovered a clandestine laboratory, controlled precursors, alleged drug proceeds and an intended receiver.
    Illicit manufacture and trafficking of Mephedrone, a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, 1985, were addressed through an intelligence-led operation involving a clandestine laboratory. Manufacturing equipment, Mephedrone, its controlled precursor, Monomethylamine, and other chemicals used in manufacture were seized under the Act. Cash believed to be drug-trafficking proceeds and a further amount intended as token payment for delivery were recovered. Three persons were arrested in connection with the alleged network.
    July 22, 2026
    Show AI Summary
    Bail parity in liquor-scam proceedings sustained where principal accused had bail; adverse investigative remarks were removed.
    Bail in the alleged liquor-scam proceedings was sustained on the basis of parity, the applicant's comparatively lesser alleged role, prolonged custody, and the documentary nature of the investigation. The evidentiary value of statements, financial records and digital material was regarded as an issue for trial rather than conclusive assessment at the bail stage. Adverse observations against the state economic-offence investigation were expunged.
    July 22, 2026
    Show AI Summary
    Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
    Generic medicine imports into the United States are proposed to remain duty-free for two years, followed by escalating tariffs. The structure is intended to encourage pharmaceutical companies to establish manufacturing plants and equipment in the United States, with higher duties applying where companies do not do so within the stated period. The policy is confined to generic drugs, while the approach for patented, branded and innovative medicines is stated to remain unchanged.
    July 22, 2026
    Show AI Summary
    Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
    Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
    July 22, 2026
    Show AI Summary
    Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
    Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
    July 22, 2026
    Show AI Summary
    Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
    India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
    July 22, 2026
    Show AI Summary
    Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
    Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
    July 21, 2026
    Show AI Summary
    Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
    Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
    July 21, 2026
    Show AI Summary
    Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
    Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
    July 21, 2026
    Show AI Summary
    Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
    Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.
    July 21, 2026
    Show AI Summary
    Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
    Digital lending safeguards include a public directory enabling customers to verify a digital lending app's association with a regulated entity. The Digital Lending Directions, 2025 impose mandatory requirements on recovery practices, data privacy and customer grievance redressal for regulated entities, lending service providers and digital lending apps. Measures also include blocking illegal loan applications following due process, cybercrime reporting channels, complaint facilities for unlawful money collection, and public awareness programmes on fraud prevention and risk mitigation.
    July 21, 2026
    Show AI Summary
    Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
    FEMA framework revisions described as effective from May 2026 expand Authorised Dealer Category-II activities to include specified trade remittances and family-maintenance remittances, subject to the applicable RBI and FEMA framework. EbixCash World Money Limited states that its perpetual AD-II licence carries this expanded scope. The release describes a non-bank channel for MSME and SME cross-border payments, supported by Nostro-account settlement, remittance and travel-card services, and technology-enabled compliance measures including document verification, sanctions screening, fraud detection and transaction monitoring.
    July 21, 2026
    Show AI Summary
    Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
    Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters

      Trump administration lays off probationary govt workers, warns others of large cuts to come

      February 14, 2025

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Washington, Feb 14 (AP) The Trump administration has intensified its sweeping efforts to shrink the size of the federal workforce, the US' largest employer, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection — potentially affecting hundreds of thousands of workers.

      In addition, workers at some agencies on Thursday were warned that large workplace cuts would be coming.

      The decision on probationary workers, who generally have less than a year on the job, came from the Office of Personnel Management, which serves as a human resources department for the federal government. The notification was confirmed by a person familiar with the matter, who spoke on condition of anonymity because they were not authorised to discuss it publicly.

      It's expected to be the first step in sweeping layoffs. President Donald Trump signed an executive order Tuesday that told agency leaders to plan for “large-scale reductions in force”.

      Elon Musk, whom President Trump has given wide leeway to slash government spending with his Department of Government Efficiency, called Thursday for the elimination of whole agencies.

      “I think we do need to delete entire agencies as opposed to leave a lot of them behind,” Musk said via a videocall to the World Governments Summit in Dubai, United Arab Emirates. “If we don't remove the roots of the weed, then it's easy for the weed to grow back.” Paul Light, an expert on the federal government and professor emeritus of public service at New York University, said it seemed like the administration was “inventing new methods for destroying government capacity”.

      “You're basically harassing your own workforce at the end of the day,” he said. “You're undermining the engine that you want to run.” Layoffs are unlikely to yield significant deficit savings. When the Congressional Budget Office looked at the issue, it found the government spent $271 billion annually compensating civilian federal workers, with about 60% of that total going to workers employed by the departments of Defence, Homeland Security and Veterans Affairs.

      The government could, in theory, have cut all those workers and still run a deficit of over $1 trillion that would continue to grow as tax revenues are needed to keep up with the growing costs of Social Security and Medicare.

      Thursday's order was an expansion of previous directions from OPM, which told agencies earlier this week that probationary employees should be fired if they weren't meeting high standards. It's not clear how many workers are currently in a probationary period. According to government data maintained by OPM, as of March 2024, 220,000 workers had less than a year on the job — the most recent data available.

      The firing of probationary employees began earlier this week and has included Consumer Financial Protection Bureau and the Department of Education workers.

      At least 39 were fired from the Education Department on Wednesday, according to a union that represents agency workers, including civil rights workers, special education specialists and student aid officials.

      The layoffs also hit Department of Veterans Affairs researchers working on cancer treatment, opioid addiction, prosthetics and burn pit exposure, US Senator Patty Murray, a Democrat, said Thursday.

      “I'm hearing from longtime VA researchers in my home state of Washington who are right now being told to immediately stop their research and pack their bags,” Murray said in a statement, “not because their work isn't desperately needed, but because Trump and Elon have decided to fire these researchers on a whim.” Public Employees for Environmental Responsibility, a group that defends government workers, said the Agriculture Department's Food Safety and Inspection Service would be hit especially hard by laying off probationary employees because it has trouble recruiting inspectors required to be present at all times at most slaughterhouses.

      “Firing any probationary employees would be a big kick in the gut to those that do very gruelling and difficult work,” PEER's executive director, Tim Whitehouse, said. “It would make our food system less safe and cause consumer confidence in the safety of our food supply to dip.” The civilian federal workforce, not including military personnel and postal workers, is made up of about 2.4 million people. While about 20% of the workers are in Washington DC, and the neighbouring states of Maryland and Virginia, more than 80% live outside the Capitol region.

      Trump's initial attempt to downsize the workforce was the deferred resignation programme, commonly described as a buyout, which offered to pay people until Sept. 30 if they agreed to quit. The White House said 75,000 people signed up, and a federal judge cleared a legal roadblock for the program on Wednesday.

      However, the number of workers who took the offer was less than the administration's target, and Trump has made it clear he would take further steps.

      Employees at the National Science Foundation and Housing and Urban Development Department were told this week that large reductions, in some cases a halving of the workforce, would be coming, according to a person familiar with the situation who spoke on condition of anonymity because they were not authorized to discuss it.

      The National Science Foundation was told to expect a 25% to 50% reduction in force within two months, while the Housing and Urban Development Department was told to plan for a 50% reduction, the person said.

      Employees at the National Oceanic and Atmospheric Administration were also bracing Thursday for reductions in their workforce.

      The order Trump signed Tuesday stipulated that government functions not required by law would be prioritised for cuts and hiring will be restricted. With exceptions for functions such as public safety, only one employee can be added for every four that leave. In addition, new hires would generally need the approval from a representative of the DOGE, expanding the influence of Musk's team.

      Trump, speaking to reporters later at the White House, praised Musk's work to slash federal spending.

      “We're looking for waste, fraud and abuse,” he said. “That's what Elon is working so hard on.” The Republican president has also been sharply critical of federal workers, especially those who want to keep working remotely, though his administration is simultaneously working to cut federal office space and ordering the termination of worksite leases throughout the government.

      “Nobody is gonna work from home,” Trump said Monday. “They are gonna be going out, they're gonna play tennis, they're gonna play golf, they're gonna do a lot of things. They're not working.” (AP) SCY SCY

      Topics

      ActsIncome Tax