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
    FM urges RBI to advance CBDC, sharpen digital rupee capabilities amid tokenisation push
    Bank employees stage protests in Himachal over 5-day work week demand
    Phi Commerce goes beyond payments with new UPI credit, issuer and open-commerce infrastructure
    Exports from BRICS rise to USD 6 trillion in 2024, says Goyal
    Record weekly jump of USD 44.9 bn takes forex reserves to new lifetime high of USD 785.71 bn
    ED arrests additional collector in Chhattisgarh PSC irregularities case
    Trusted Innovation: Shaping the Future of Finance - Keynote address delivered by Shri Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India at...
    Shaping the Next Decade of Finance – Technology, Trust and Innovation - Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at ...
    Commerce and Industry Minister Shri Piyush Goyal, Minister of Industry and Trade of the Russian Federation Mr. Anton Alikhanov visit NICDC pavilion at...
    European Commission submits India trade deal to Council for signature
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Accelerating India-Russia Economic Partnership to Achieve $100 Billion Bilateral T...
    Commerce and Industry Minister Shri Piyush Goyal Calls for Deeper, Resilient and More Balanced Intra-BRICS Trade
    Bankers’ Books Evidence Act, 2026 to come into force from 1st October 2026
    BRICS calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffs
    Rupee falls 5 paise to close at 95.57 against US dollar
    Bank employees observe strike in Jammu, demand 5-days banking week
    Goyal urges BRICS members to link payment systems, promote trade in local currencies
    KPCC seeks amicable solution to MLA Ramya Haridas-party workers row
    Bank 'fraud' case: ED raids against Gaya-based Hotel group, promoters
    Banking services impacted as unions go on nationwide strike to press for 5-day workweek
❯❯
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 11, 2026
Show AI Summary
Five-day banking workweek demand drives nationwide employee protest over delayed implementation and performance-linked incentive concerns.
Bank employees and officers supported a nationwide strike seeking implementation of a five-day banking system following delay in acting on an agreement between banking unions and the Indian Banks' Association. The proposed arrangement contemplated Saturday holidays with increased daily working hours to preserve customer-facing banking hours. Union representatives also objected to a unilateral and discriminatory Performance Linked Incentive scheme and sought bilateral discussions to resolve pending workweek, incentive, and other banking-sector issues.
September 11, 2026
Show AI Summary
UPI-native credit infrastructure enables pre-approved credit lines, issuance management, interoperable payments and financing across digital commerce.
Credit Line on UPI (CLOU) enables banks to offer pre-approved, risk-graded credit facilities directly through a customer's UPI ID for merchant transactions. The platform consolidates customer eligibility assessment, credit-line creation, digital consent and activation, transaction processing, risk controls, billing, payments and collections. PhiAMS supports the credit lifecycle from origination and product configuration to limit management, authorisation, billing, collections, risk management and customer servicing.
September 11, 2026
Show AI Summary
BRICS trade cooperation highlights export growth and addresses non-tariff barriers, value chains, agriculture, services and digital economy.
BRICS trade cooperation is marked by reported growth in member-country exports and a near doubling of BRICS nations' share of global exports. Business-forum discussions address non-tariff barriers affecting global value chains, agriculture and agri-technologies, services trade, women-led enterprises and the digital economy.
September 11, 2026
Show AI Summary
Foreign exchange reserve accumulation through concessional forex swaps strengthened foreign currency assets while gold reserves and special drawing rights declined.
India's foreign exchange reserves increased by USD 44.903 billion to USD 785.706 billion in the week ended September 4, following an increase in the preceding reporting week. Reserve accumulation resumed after concessional forex swap initiatives announced amid local-currency depreciation. Foreign currency assets rose to USD 648.168 billion, including valuation effects from non-US currencies. Gold reserves and special drawing rights declined, while the reserve position with the International Monetary Fund increased marginally.
September 11, 2026
Show AI Summary
Money laundering investigation into public service examination irregularities resulted in arrest and proposed custodial interrogation of an additional collector.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged corruption, question-paper leaks, and manipulation of state Public Service Commission examinations conducted in 2020 and 2021. An additional collector, formerly an officer on special duty in the office of the then chief minister, was arrested in connection with the investigation. Custodial interrogation is proposed to be sought before the special Prevention of Money Laundering Act court.
September 11, 2026
Show AI Summary
Trusted financial innovation requires resilient payments, inclusive design, accountable digital lending, responsible AI, and proportionate risk-based regulation.
Trusted financial innovation requires financial stability, customer protection, security, transparency, accountability and fairness. Digital payments, as critical infrastructure, require operational and cyber resilience, ecosystem-wide fraud prevention, effective authentication, grievance redressal and timely customer access to funds. Digital lending does not dilute regulated-lender responsibility; borrowers must understand loan terms, and data use must be consent-based, purpose-linked and secure. Institutions remain accountable for algorithmic decisions, model bias and explainability. Regulation should be proportionate to risk while supporting inclusive, resilient innovation.
September 11, 2026
Show AI Summary
Trusted fintech innovation requires inclusive design, consent-based data use, resilience, responsible scaling, and proportionate activity-based regulation.
Fintech should advance financial inclusion through accessible savings, insurance, pensions and small-ticket credit, while AI, quantum computing and tokenisation serve consumer service, credit assessment, efficiency and fraud prevention. Trust requires mitigating AI-related risks, treating customer data as a fiduciary responsibility, using consent-based and purpose-limited data sharing, and maintaining resilience, continuity and cybersecurity at scale. Regulation is proportionate and activity-based, calibrated to risk, capacity, systemic significance and consumer conduct.
September 11, 2026
Show AI Summary
Industrial smart cities support manufacturing partnerships, localisation, technology collaboration and investor facilitation for expanded operations in India.
NICDC conducted business-to-business meetings with Russian counterparts, BRICS delegates, prospective investors and industry representatives to explore manufacturing partnerships, localisation, technology collaboration and supply-chain integration. Industrial Smart Cities were presented as platforms offering serviced industrial land, quality infrastructure, multimodal connectivity and investor facilitation for manufacturing investment. The engagements promoted collaboration among manufacturers, technology providers and supply-chain participants.
September 11, 2026
Show AI Summary
Free trade agreement implementation advances through signature, conclusion and parliamentary approval, enabling tariff reductions and predictable trade rules.
European Commission submission to the European Council seeks authority to sign and conclude the EU-India Free Trade Agreement. Following adoption and entry into force, the agreement is intended to improve market access, reduce tariffs, remove unnecessary trade barriers, and establish predictable rules for trade and investment. After Council approval, the final text requires European Parliament approval before implementation.
September 11, 2026
Show AI Summary
Bilateral economic partnership prioritises non-energy trade, investment certainty, currency settlements, connectivity, and manufacturing collaboration to expand commercial cooperation.
Bilateral economic and industrial cooperation prioritises diversification beyond energy trade, expanded non-energy exports, reciprocal investment, currency settlement mechanisms and transport connectivity. Priority sectors include pharmaceuticals, engineering goods, chemicals, textiles, food products, marine products, auto components and tractors. A bilateral investment treaty is intended to provide investor legal certainty, while free-trade negotiations with the Eurasian Economic Union are intended to widen market access. Businesses and officials are expected to address barriers involving payments, certification, standards, logistics, visa access and approvals, and to promote manufacturing collaboration through investment-ready industrial corridors.
September 11, 2026
Show AI Summary
Intra-BRICS trade facilitation requires open markets, streamlined regulation, diversified supply chains, local-currency payments, and stronger digital cooperation.
Intra-BRICS trade cooperation prioritises wider market access, diversified supply chains, simplified regulatory procedures and faster consignment clearance. Cooperation is proposed across agriculture, services, manufacturing, startups and emerging technologies, including professional mobility and recognition of qualifications. Payment-system linkages, local-currency trade, digital public infrastructure, artificial intelligence, fintech, data centres and semiconductors are identified as areas for collaboration. Trade facilitation, digital documentation, MSME support, business partnerships and stronger global value chains are intended to support economic integration.
September 11, 2026
Show AI Summary
Technology-neutral banking-record evidence framework standardises certification and limits non-party bank official summons to special-cause situations.
Bankers' Books Evidence Act, 2026 modernises the evidentiary framework for banking records and replaces the earlier legislation. It recognises records maintained in physical, electronic, digital, virtual, cloud-based, and other contemporary forms. Certification is simplified and standardised, including through manual, digital, or electronic signatures. Summoning a bank official where the bank is not a party requires special cause recorded in writing by the court. The framework may be extended to specified financial-sector entities or classes of entities.
September 11, 2026
Show AI Summary
International financial governance reform promotes emerging-market representation, quota realignment, local-currency settlements, and interoperable cross-border payment cooperation.
BRICS supports reform of international financial governance to increase emerging-market and developing-economy representation in the IMF and World Bank through quota and voting realignment. It opposes unilateral tariffs and non-tariff measures that distort trade and conflict with WTO rules, while supporting a rules-based multilateral trading system. BRICS also promotes local-currency trade and investment settlements and interoperable cross-border payment mechanisms, without creating a common currency or unified payment system. Development-finance cooperation includes expanded local-currency financing, project preparation, private-capital mobilisation and a phased, member-driven investment platform.
September 11, 2026
Show AI Summary
Rupee exchange-rate pressure persisted as global risk aversion and elevated crude prices outweighed supportive market factors.
Foreign-exchange market conditions kept the rupee under pressure against the US dollar amid global risk aversion and elevated crude oil prices. A correction in crude prices, recovery in domestic equities, and suspected Reserve Bank of India intervention helped the currency recover much of its intraday decline. Dollar strength, rising bond yields, geopolitical tensions, weak monsoon rainfall, and inflation concerns were identified as continuing factors affecting near-term currency sentiment.
September 11, 2026
Show AI Summary
Five-day banking week demand drives coordinated bank employee strike action and planned escalation over unresolved employment conditions.
Bank employees affiliated with seven unions under the United Forum of Bank Unions undertook a one-day strike to press for implementation of a five-day banking week and resolution of pending employment-related demands. The unions maintained that the proposed workweek was a genuine working-condition measure rather than an attempt to reduce employee responsibilities. They proposed phased escalation, including a further multi-day strike and an indefinite strike, if the government and the Indian Banks' Association did not address the demands.
September 11, 2026
Show AI Summary
Cross-border payment interoperability and local-currency trade are urged to deepen BRICS commerce, digital access, and supply-chain resilience.
BRICS members and partner countries are encouraged to link payment systems, expand local-currency trade settlement, and make digital trade globally accessible. Market-access priorities include opening goods and services markets, reducing non-tariff barriers, simplifying regulatory procedures, and facilitating faster consignment clearance. Proposed cooperation also addresses diversified supply chains, professional qualification recognition, agricultural technology, trade-finance access for micro, small and medium enterprises, digital trade documentation, and platforms for agricultural commodity trading and investment cooperation.
September 11, 2026
Show AI Summary
Party disciplinary inquiry and money-laundering allegations prompt proposed internal resolution and consideration of lawful action after legal advice.
Internal party discipline concerning a clash between an elected representative and party workers is being addressed through an inquiry report, prior suspension of two workers, and efforts to secure an amicable resolution. Consideration of a corruption case arising from an Enforcement Directorate request for registration of an FIR is subject to legal advice and a decision on lawful governmental action. The request concerns alleged evidence gathered through investigation and searches under the Prevention of Money Laundering Act.
September 11, 2026
Show AI Summary
Money laundering investigation into alleged bank-loan diversion examines forged project reports, mortgaged-property sales, and suspected proxy purchasers.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank-loan funds through fake or forged project-completion reports. The allegations include sale of five mortgaged properties at grossly undervalued consideration, with some buyers suspected to be benamis or proxies. These sales were allegedly intended to alienate assets and prevent their attachment under anti-money-laundering law.
September 11, 2026
Show AI Summary
Five-day banking workweek demand drives nationwide strike, disrupting public-sector branch services while digital banking transactions remain operational.
Banking services at public sector banks were disrupted by a nationwide strike seeking a five-day workweek and resolution of wage-related demands. Branch operations affecting cash deposits, withdrawals, cheque clearance and administrative work were impacted, while digital banking channels remained functional. The central demand is declaration of all Saturdays as bank holidays, with other pending issues concerning pension updation, uniform dearness allowance for pensioners, and an option for National Pension System employees to move to the Old Pension Scheme.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

10 FDI Proposals Amounting to Rs. 1259.92 Crore Approved

August 23, 2012

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Press Information Bureau

Government of India

Ministry of Finance

23-August-2012 18:03 IST

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government of India has approved ten (10) Proposals of Foreign Direct Investment (FDI) amounting to Rs. 1259.92 crore approximately. 

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 27.07.2012     

Following 10 (Ten) proposals have been approved

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (` In crore)

COMMERCE

1

M/s Anamika Tea Holding Ltd., Mauritius

Acquisition of equity shares of the company engaged in the business of plantation/ cultivation and manufacturing and selling of tea.

1.85

ECONOMIC AFFAIRS

2

M/s Vinci Energies India Pvt. Ltd., Delhi

Induction of foreign equity into an investing cum operating company, whose operating activities have not commenced.

15.50

3

M/s Kemper System (India) Pvt.  Ltd., Pune

Ex post facto approval for transfer of shares from resident to Non Resident in a company engaged in wholesale trading prior to issue of Press Note 4 of 2006 dated February 10, 2006.

0.10 (already brought)

4

M/s DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH

Induction of foreign investment into the India Fund which will act as Investing Company to invest in equity, equity-linked and debt instruments of Indian companies engaged in infrastructure service, supply chains and logistics, healthcare services, entertainment and leisure goods and consumer packaged goods, which are permitted under extant FDI policy.

55.00

PHARMACEUTICALS

5

M/s Fresenius Kabi (Singapore) Pte. Ltd., Singapore

To sell equity shares of the Indian company through Offer For Sale method (OFS) whereby the shares may be purchased by all eligible persons under the scheme including foreign investors.  The Indian company is engaged in the business of pharmaceutical sector.

No fresh inflow

FINANCIAL SERVICES

6

M/s Equitas Holdings Pvt. Ltd.

To increase the foreign equity participation in an investing company.

140.00

INDUSTRIAL POLICY & PROMOTION

7

M/s CIIE Initiatives (i3E Trust)

To increase the foreign equity participation upto 50 per cent.

40.00

INFORMATION & BROADCASTING

8

The Walt Disney Company (Southeast Asia) Pte. Ltd.

Induction of foreign equity for inter alia expansion of the business and making downstream investment in other companies and subsidiaries of the company, including broadcasting companies.

1000.00

INDUSTRIAL POLICY & PROMOTION

9

M/s High Mark Credit Information Services Pvt. Ltd.

Induction of foreign equity to carry out the business of credit information company.

7.40

INFORMATION & BROADCASTING

10

M/s Packt Publishing Private Limited, Mumbai

Induction of foreign equity to carry out the business of providing services relating to publication of books to M/s Packt Publishing Ltd., an UK based company.

0.07

The following 16 (Sixteen) proposals have been deferred

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s Multi Screen Media Pvt. Ltd.

Induction of foreign equity to carry out the business of production of television programmes in India languages primarily for export, sale and distribution of Indian language audio visual production. Downlink   certain TV channels.

2

M/s Unitech Wireless (Tamilnadu) Pvt. Ltd.

Induction of foreign equity to carry out the business of providing unified access services.

3

M/s Mahindra and Mahindra Limited, New Delhi

To set up a new JV with M/s Rafael Advanced Defence System Ltd for production and development of naval defence system and other Products.

4

M/s Man Chung Lim Granites India Pvt. Ltd.

To issue equity shares against foreign remittance made as ‘pre-operative expenses’ for security deposit and import of machinery for raising, purchase and export of Granite stones under 100% EOU scheme.

5

M/s Arch Pharmalabs Limited, Mumbai

Induction of foreign investment in an existing company engaged in the business of manufacture and sale of Active Pharmaceutical Ingredients and contract research and manufacturing services.

6

M/s B Braun Singapore Pte Limited, Singapore

Acquisition of shares of the company engaged in the business of life saving intravenous fluids and ophthalmic products.

7

M/s Pfizer Limited, Mumbai

Induction of foreign equity in an operating cum investing company to carry out the business in pharmaceutical sector.

8

M/s InterCall Asia Pacific Holdings Pvt. Ltd., Singapore

To set up a WOS to undertake the business of providing audio, video and web conferencing services for business, commercial, banking and other establishments.

9

M/s Scribble Media & Entertainment Pvt. Ltd., Hyderabad

Induction of foreign equity to carry out the business of publication of evening news publication titled “Post Noon”.

10

M/s Cloverdell Investments Ltd. Mauritius

Induction of foreign equity in an operating NBFC with downstream investments in companies engaged in/proposed to be engaged, inter alia, in the business of housing finance, stock broking (including derivatives and currency derivatives broking), depository participant service, commodity broking and investment advisory activities.

11

M/s Vyome Biosciences Private Limited, Delhi

Induction of foreign equity to carry out the activities relating to pharmaceuticals sector.

12

M/s Zim Laboratories Limited, Nagpur

Induction of foreign equity to carry out the activities relating to pharmaceuticals sector.

13

M/s Ordain Health Care Global Pvt. Ltd., Chennai

Induction of foreign investment in an existing company engaged in the business of manufacturing, research & development for technology advancement, and marketing of pharmaceutical finished dosage formulations.

14

M/s Sutures India Private Limited, Bangalore

Induction of foreign investment in an existing company engaged in the business of manufacturing and export of sutures, surgical tapes, mesh bone wax, atraumatic needles, skin staplers and surgical gloves.

15

M/s Stellence Pharmscience Pvt. Ltd., Bangalore

Induction of foreign equity by way of transfer and issue of equity shares and compulsory convertible preference shares to carry out the business of manufacture and sale of Active Pharmaceutical Ingredients and advanced intermediates.

16

Dr. A. Jawahar Palaniappan, USA

Post facto approval for regularization of equity shares.  The company is engaged in the activity of printing magazines, telephone directories, text books, etc.

The following 4 (Four) proposals have been rejected: 

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s Brovis Wireless Networks Private Limited, Chennai

Ex-post facto approval for allotment of shares against capitalization of suppliers money used for importing materials and softwares, etc.  The company is engaged in the business of manufacturing of parts and accessories of apparatus for Radio, Radio/ line Telephony/ Telegraphy/ Data (Radio Access Equipment and Services)

2

M/s Mfar Realtors Pvt. Ltd., Cochin

Conversion of an existing Private Limited company into LLP.  The company is engaged in the business of construction and development of residential properties.

3

M/s Advent Business Credit Development Company Pvt. Ltd.

To delete one of the condition in the FC approval.

4

M/s Greycells Education Ltd.

To issue warrants to carry out the business of educational services rendered by technical or vocational colleges, schools and other institutions.

 In the following 01 (One) proposal, FIPB recommended that the applicant may be advised that no specific approval is required: 

Sl.No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (` in crore)

1

M/s Aman Sewing & Embroidery Threads Pvt. Ltd.

To change the activity from import of Sewing Threads and sale the same to domestic end users (Test-Marketing) to import of Sewing Threads and wholesale trade of the same to its industrial/ institutional customers.

Nil

The following 01 (One) proposal has been withdrawn from the Agenda: 

Sl. No

Name of the applicant

1

M/s Alburaq Trading LLP, Maharashtra

* * * * *

DSM/RS/GN

Topics

Acts Income Tax