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
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 weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
❯❯
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
    August 7, 2026
    Show AI Summary
    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
    Show AI Summary
    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
    Show AI Summary
    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
    Show AI Summary
    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
    Show AI Summary
    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
    Show AI Summary
    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
    Show AI Summary
    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
    Show AI Summary
    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
    Show AI Summary
    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
    Show AI Summary
    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
    Show AI Summary
    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
    Show AI Summary
    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
    Show AI Summary
    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
    Show AI Summary
    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
    Show AI Summary
    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
    Show AI Summary
    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.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters

      Pope Francis, first Latin American pontiff who ministered with charming, humble style, dies at 88

      April 21, 2025

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Vatican City, Apr 21 (AP) Pope Francis, history's first Latin American pontiff who charmed the world with his humble style and concern for the poor but alienated conservatives with critiques of capitalism and climate change, died Monday. He was 88.

      Bells tolled in church towers across Rome after the announcement, which was read out by Cardinal Kevin Ferrell, the Vatican camerlengo, from the chapel of the Domus Santa Marta, where Francis lived.

      “At 7:35 this morning, the Bishop of Rome, Francis, returned to the home of the Father. His entire life was dedicated to the service of the Lord and of his Church,? Ferrell said.

      Francis, who suffered from chronic lung disease and had part of one lung removed as a young man, was admitted to Gemelli hospital on Feb. 14, 2025, for a respiratory crisis that developed into double pneumonia. He spent 38 days there, the longest hospitalization of his 12-year papacy.

      But he emerged on Easter Sunday — a day before his death — to bless thousands of people in St. Peter's Square and treat them to a surprise popemobile romp through the piazza, drawing wild cheers and applause.

      From his first greeting as pope — a remarkably normal “Buonasera” (“Good evening”) — to his embrace of refugees and the downtrodden, Francis signaled a very different tone for the papacy, stressing humility over hubris for a Catholic Church beset by scandal and accusations of indifference.

      After that rainy night on March 13, 2013, the Argentine-born Jorge Mario Bergoglio brought a breath of fresh air into a 2,000-year-old institution that had seen its influence wane during the troubled tenure of Pope Benedict XVI, whose surprise resignation led to Francis' election.

      But Francis soon invited troubles of his own, and conservatives grew increasingly upset with his progressive bent, outreach to LGBTQ+ Catholics and crackdown on traditionalists. His greatest test came in 2018 when he botched a notorious case of clergy sexual abuse in Chile, and the scandal that festered under his predecessors erupted anew on his watch.

      And then Francis, the crowd-loving, globe-trotting pope of the peripheries, navigated the unprecedented reality of leading a universal religion through the coronavirus pandemic from a locked-down Vatican City.

      He implored the world to use COVID-19 as an opportunity to rethink the economic and political framework that he said had turned rich against poor.

      “We have realized that we are on the same boat, all of us fragile and disoriented,” Francis told an empty St. Peter's Square in March 2020. But he also stressed the pandemic showed the need for “all of us to row together, each of us in need of comforting the other.” Reforming the Vatican Francis was elected on a mandate to reform the Vatican bureaucracy and finances but went further in shaking up the church without changing its core doctrine. “Who am I to judge?” he replied when asked about a purportedly gay priest.

      The comment sent a message of welcome to the LGBTQ+ community and those who felt shunned by a church that had stressed sexual propriety over unconditional love. “Being homosexual is not a crime,” he told The Associated Press in 2023, urging an end to civil laws that criminalize it.

      Stressing mercy, Francis changed the church's position on the death penalty, calling it inadmissible in all circumstances. He also declared the possession of nuclear weapons, not just their use, was “immoral.” In other firsts, he approved an agreement with China over bishop nominations that had vexed the Vatican for decades, met the Russian patriarch and charted new relations with the Muslim world by visiting the Arabian Peninsula and Iraq.

      He reaffirmed the all-male, celibate priesthood and upheld the church's opposition to abortion, equating it to “hiring a hitman to solve a problem.” Roles for women But he added women to important decision-making roles and allowed them to serve as lectors and acolytes in parishes. He let women vote alongside bishops in periodic Vatican meetings, following longstanding complaints that women do much of the church's work but are barred from power.

      Sister Nathalie Becquart, whom Francis named to one of the highest Vatican jobs, said his legacy was a vision of a church where men and women existed in a relationship of reciprocity and respect.

      “It was about shifting a pattern of domination — from human being to the creation, from men to women — to a pattern of cooperation,” said Becquart, the first woman to hold a voting position in a Vatican synod.

      The church as refuge While Francis did not allow women to be ordained, the voting reform was part of a revolutionary change in emphasizing what the church should be: a refuge for everyone — “todos, todos, todos” (“everyone, everyone, everyone”) — not for the privileged few. Migrants, the poor, prisoners and outcasts were invited to his table far more than presidents or powerful CEOs.

      “For Pope Francis, it was always to extend the arms of the church to embrace all people, not to exclude anyone,” said Cardinal Kevin Farrell, whom Francis named as camerlengo, taking charge after a pontiff's death or retirement.

      Francis demanded his bishops apply mercy and charity to their flocks, pressed the world to protect God's creation from climate disaster, and challenged countries to welcome those fleeing war, poverty and oppression.

      After visiting Mexico in 2016, Francis said of then-U.S. presidential candidate Donald Trump that anyone building a wall to keep migrants out “is not Christian.” While progressives were thrilled with Francis' radical focus on Jesus' message of mercy and inclusion, it troubled conservatives who feared he watered down Catholic teaching and threatened the very Christian identity of the West. Some even called him a heretic.

      A few cardinals openly challenged him. Francis usually responded with his typical answer to conflict: silence.

      He made it easier for married Catholics to get an annulment, allowed priests to absolve women who had had abortions and decreed that priests could bless same-sex couples. He opened debate on issues like homosexuality and divorce, giving pastors wiggle room to discern how to accompany their flocks, rather than handing them strict rules to apply.

      St. Francis of Assisi as a model Francis lived in the Vatican hotel instead of the Apostolic Palace, wore his old orthotic shoes and not the red loafers of the papacy, and rode in compact cars. It wasn't a gimmick.

      “I see clearly that the thing the church needs most today is the ability to heal wounds and to warm the hearts of the faithful,” he told a Jesuit journal in 2013. “I see the church as a field hospital after battle.” If becoming the first Latin American and first Jesuit pope wasn't enough, Francis was also the first to name himself after St. Francis of Assisi, the 13th century friar known for personal simplicity, a message of peace, and care for nature and society's outcasts.

      Francis sought out the unemployed, the sick, the disabled and the homeless. He formally apologized to Indigenous peoples for the crimes of the church from colonial times onward.

      And he himself suffered: He had part of his colon removed in 2021, then needed more surgery in 2023 to repair a painful hernia and remove intestinal scar tissue. Starting in 2022 he regularly used a wheelchair or cane because of bad knees, and endured bouts of bronchitis.

      He went to society's fringes to minister with mercy: caressing the grossly deformed head of a man in St. Peter's Square, kissing the tattoo of a Holocaust survivor, or inviting Argentina's garbage scavengers to join him onstage in Rio de Janeiro.

      “We have always been marginalized, but Pope Francis always helped us,” said Coqui Vargas, a transgender woman whose Roman community forged a unique relationship with Francis during the pandemic.

      His first trip as pope was to the island of Lampedusa, then the epicenter of Europe's migration crisis. He consistently chose to visit poor countries where Christians were often persecuted minorities, rather than the centers of global Catholicism.

      Friend and fellow Argentine, Bishop Marcelo Sánchez Sorondo, said his concern for the poor and disenfranchised was based on the Beatitudes -- the eight blessings Jesus delivered in the Sermon on the Mount for the meek, the merciful, the poor in spirit and others.

      “Why are the Beatitudes the program of this pontificate? Because they were the basis of Jesus Christ's own program,” Sánchez said.

      Missteps on sexual abuse scandal But more than a year passed before Francis met with survivors of priestly sexual abuse, and victims' groups initially questioned whether he really understood the scope of the problem.

      Francis did create a sex abuse commission to advise the church on best practices, but it lost its influence after a few years and its recommendation of a tribunal to judge bishops who covered up for predator priests went nowhere.

      And then came the greatest crisis of his papacy, when he discredited Chilean abuse victims in 2018 and stood by a controversial bishop linked to their abuser. Realizing his error, Francis invited the victims to the Vatican for a personal mea culpa and summoned the leadership of the Chilean church to resign en masse.

      As that crisis concluded, a new one erupted over ex-Cardinal Theodore McCarrick, the retired archbishop of Washington and a counselor to three popes.

      Francis had actually moved swiftly to sideline McCarrick amid an accusation he had molested a teenage altar boy in the 1970s. But Francis nevertheless was accused by the Vatican's one-time U.S. ambassador of having rehabilitated McCarrick early in his papacy.

      Francis eventually defrocked McCarrick after a Vatican investigation determined he sexually abused adults as well as minors. He changed church law to remove the pontifical secret surrounding abuse cases and enacted procedures to investigate bishops who abused or covered for their pedophile priests, seeking to end impunity for the hierarchy.

      “He sincerely wanted to do something and he transmitted that,” said Juan Carlos Cruz, a Chilean abuse survivor Francis discredited who later developed a close friendship with the pontiff.

      A change from Benedict The road to Francis' 2013 election was paved by Pope Benedict XVI's decision to resign and retire — the first in 600 years — and it created the unprecedented reality of two popes living in the Vatican.

      Francis didn't shy from Benedict's potentially uncomfortable shadow. He embraced him as an elder statesman and adviser, coaxing him out of his cloistered retirement to participate in the public life of the church.

      “It's like having your grandfather in the house, a wise grandfather,” Francis said.

      Francis praised Benedict by saying he “opened the door” to others following suit, fueling speculation that Francis also might retire. But after Benedict's death on Dec. 31, 2022, he asserted that in principle the papacy is a job for life.

      Francis' looser liturgical style and pastoral priorities made clear he and the German-born theologian came from very different religious traditions, and Francis directly overturned several decisions of his predecessor.

      He made sure Salvadoran Archbishop Óscar Romero, a hero to the liberation theology movement in Latin America, was canonized after his case languished under Benedict over concerns about the credo's Marxist bent.

      Francis reimposed restrictions on celebrating the old Latin Mass that Benedict had relaxed, arguing the spread of the Tridentine Rite was divisive. The move riled Francis' traditionalist critics and opened sustained conflict between right-wing Catholics, particularly in the U.S., and the Argentine pope.

      Conservatives oppose Francis By then, conservatives had already turned away from Francis, betrayed after he opened debate on allowing remarried Catholics to receive the sacraments if they didn't get an annulment — a church ruling that their first marriage was invalid.

      “We don't like this pope,” headlined Italy's conservative daily Il Foglio a few months into the papacy, reflecting the unease of the small but vocal traditionalist Catholic movement that was coddled under Benedict.

      Those same critics amplified their complaints after Francis' approved church blessings for same-sex couples, and a controversial accord with China over nominating bishops.

      Its details were never released, but conservative critics bashed it as a sellout to communist China, while the Vatican defended it as the best deal it could get with Beijing.

      U.S. Cardinal Raymond Burke, a figurehead in the anti-Francis opposition, said the church had become “like a ship without a rudder.” Burke waged his opposition campaign for years, starting when Francis fired him as the Vatican's supreme court justice and culminating with his vocal opposition to Francis' 2023 synod on the church's future.

      Twice, he joined other conservative cardinals in formally asking Francis to explain himself on doctrine issues reflecting a more progressive bent, including on the possibility of same-sex blessings and his outreach to divorced and civilly remarried Catholics.

      Francis eventually sanctioned Burke financially, accusing him of sowing “disunity.” It was one of several personnel moves he made in both the Vatican and around the world to shift the balance of power from doctrinaire leaders to more pastoral ones.

      Francis insisted his bishops and cardinals imbue themselves with the “odor of their flock” and minister to the faithful, voicing displeasure when they didn't.

      His 2014 Christmas address to the Vatican Curia was one of the greatest public papal reprimands ever: Standing in the marbled Apostolic Palace, Francis ticked off 15 ailments that he said can afflict his closest collaborators, including “spiritual Alzheimer's,” lusting for power and the “terrorism of gossip.” Trying to eliminate corruption, Francis oversaw the reform of the scandal-marred Vatican bank and sought to wrestle Vatican bureaucrats into financial line, limiting their compensation and ability to receive gifts or award public contracts.

      He authorized Vatican police to raid his own secretariat of state and the Vatican's financial watchdog agency amid suspicions about a 350 million euro investment in a London real estate venture. After a 2 1/2-year trial, the Vatican tribunal convicted a once-powerful cardinal, Angelo Becciu, of embezzlement and returned mixed verdicts to nine others, acquitting one.

      The trial, though, proved to be a reputational boomerang for the Holy See, showing deficiencies in the Vatican's legal system, unseemly turf battles among monsignors, and how the pope had intervened on behalf of prosecutors.

      While earning praise for trying to turn the Vatican's finances around, Francis angered U.S. conservatives for his frequent excoriation of the global financial market that favors the rich over the poor.

      Economic justice was an important themes of his papacy, and he didn't hide it in his first meeting with journalists when he said he wanted a “poor church that is for the poor.” In his first major teaching document, “The Joy of the Gospel,” Francis denounced trickle-down economic theories as unproven and naive, based on a mentality “where the powerful feed upon the powerless” with no regard for ethics, the environment or even God.

      “Money must serve, not rule!” he said in urging political reforms.

      He elaborated on that in his major eco-encyclical “Praised Be,” denouncing the “structurally perverse” global economic system that he said exploited the poor and risked turning Earth into “an immense pile of filth.” Some U.S. conservatives branded Francis a Marxist. He jabbed back by saying he had many friends who were Marxists. (AP) AMS

      Topics

      ActsIncome Tax