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 placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
    HIGHLIGHTS
    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
    Rupee recovers 18 paise to settle at 96.55 against US dollar
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
    Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
❯❯
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 25, 2026
    Show AI Summary
    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
    Show AI Summary
    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
    Show AI Summary
    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
    July 24, 2026
    Show AI Summary
    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    July 24, 2026
    Show AI Summary
    Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
    Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
    July 24, 2026
    Show AI Summary
    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 24, 2026
    Show AI Summary
    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
    Show AI Summary
    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
    Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
    July 24, 2026
    Show AI Summary
    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
    July 24, 2026
    Show AI Summary
    One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
    The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
    July 24, 2026
    Show AI Summary
    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
    Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.
    July 24, 2026
    Show AI Summary
    Free trade agreement negotiations advance as India and Israel address market access, origin rules, customs facilitation and economic cooperation.
    India and Israel completed the second round of negotiations for a proposed Free Trade Agreement under the Terms of Reference signed in November 2025. Technical discussions covered trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation and economic cooperation. Both sides sought to narrow gaps, identify areas of convergence and work towards early conclusion of a balanced, comprehensive and mutually beneficial agreement.
    July 24, 2026
    Show AI Summary
    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
    Visa Principal Membership enables Glomo to operate as a direct non-bank acquirer for Visa-powered merchant card payments through GIFT IFSC. It allows direct management of merchant acquisition, processing, settlement, transaction approval optimisation, fraud and risk monitoring, and dispute and chargeback handling without intermediary acquirers. The arrangement is intended to accelerate onboarding and processing, enhance control over risk policies and merchant experience, and support cross-border acceptance and settlement, including management of multiple currencies, banking systems and regulatory requirements.
    July 24, 2026
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets increased, while gold reserves fell and IMF reserve position declined.
    Foreign exchange reserves increased during the reported week, principally because foreign currency assets rose, including valuation effects from movements in non-US currencies held in reserve. Gold reserves declined, Special Drawing Rights increased, and the reserve position with the International Monetary Fund decreased. Earlier reserve declines were associated with rupee pressure and foreign-exchange market intervention through dollar sales.
    July 24, 2026
    Show AI Summary
    Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
    Affordable Boult earbuds are described as offering extended battery life, fast charging, dynamic drivers, low-latency gaming modes, Environmental Noise Cancellation, Bluetooth connectivity, and selected active noise-cancellation features. Models are compared by audio, calling, gaming, and charging specifications. Purchases through partner stores may be financed through an Easy EMI Loan or Insta EMI Card, subject to in-store application and approval, with instalment tenures and possible zero-down-payment offers on selected models.
    July 24, 2026
    Show AI Summary
    Trade-tariff concerns and oil-price volatility deepen risk aversion, extending equity market losses amid geopolitical tensions and foreign outflows.
    Indian equity markets extended their losing streak amid caution over United States trade-tariff concerns, West Asia tensions, oil-price volatility, foreign equity outflows and selling in selected blue-chip shares. Higher oil prices were identified as a potential pressure on macroeconomic indicators and growth prospects. New import tariffs were described as a constraint for export-oriented economies, particularly technology-heavy markets, while investors may diversify exposure across emerging-market opportunities.
    July 24, 2026
    Show AI Summary
    Dual-use export controls restrict supplies to European entities amid reciprocal Russia-related sanctions and non-proliferation concerns.
    China imposed dual-use export controls on 14 European entities in response to European Union sanctions affecting Chinese and Hong Kong enterprises. Chinese companies cannot export dual-use items to the listed organisations, and foreign companies are barred from supplying them with dual-use items made in China. China stated that the restrictions protect national security and interests and support international non-proliferation obligations in the context of Russia-related sanctions.
    July 24, 2026
    Show AI Summary
    Foreign-exchange market intervention supported rupee stabilisation amid investor outflows, weak equities, geopolitical tensions and elevated crude oil prices.
    Foreign-exchange market conditions supported a rupee recovery against the US dollar following reported Reserve Bank of India intervention and dollar sales by public-sector banks. Pressure on the currency persisted due to foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions and elevated crude oil prices. Lower crude prices, a weaker dollar index and further central bank intervention were identified as potential stabilising influences.
    July 24, 2026
    Show AI Summary
    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
    Infosys reported first-quarter IFRS financial performance, including revenue growth, operating margin, earnings per share, free cash flow, and large-deal contract value, while revising revenue-growth guidance and retaining operating-margin guidance. The release describes AI-led enterprise transformation, cloud modernization, digital banking, financial-crime operations, and technology services engagements. Forward-looking statements are subject to safe-harbor protection and may differ materially because of business, talent, economic, technological, regulatory, cybersecurity, litigation, investigation, and tariff-related risks.
    July 24, 2026
    Show AI Summary
    Forced-labour import enforcement drives new tariffs as expiring stopgap levies and market uncertainty heighten trade-compliance concerns.
    Import tariffs were announced on goods from trading partners said not to have fully enforced prohibitions on products made with forced labour. The measures apply to imports from 60 trading partners representing most United States imports and were introduced as existing stopgap levies approached expiry, following a Supreme Court setback affecting other tariff measures. The announcement occurred amid market uncertainty linked to energy-route disruptions, rising crude-oil prices, inflation concerns, and scrutiny of artificial-intelligence investment spending.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters

      Cyril Shroff AI Law Centre of Jindal Global Law School Launched in London by Harvard Law Professor

      July 1, 2025

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      London, 1 July 2025: In a landmark event for India’s legal education and global AI governance, the Cyril Shroff Centre for AI, Law & Regulation at Jindal Global Law School (JGLS), O.P. Jindal Global University (JGU), was formally launched at the historic Law Society of England and Wales, London. This is India’s first Centre of Excellence exclusively dedicated to the intersection of artificial intelligence, law, and public policy.

      The lecture was co-hosted by O.P. Jindal Global University, The Law Society of England and Wales, The Cyril Shroff Centre for AI, Law and Regulation, India Business Group, and Jindal Global Law School.

      The Centre has been established through a transformative ₹15 crore endowment by Mr. Cyril Shroff, Managing Partner of Cyril Amarchand Mangaldas, and reflects his visionary commitment to advancing ethical AI regulation and access to justice. Anchored at JGLS—India’s No. 1 ranked law school—the Centre will foster interdisciplinary research, executive education, and international collaborations to shape the future of law and technology in India and beyond.

      The highlight of the evening was the inaugural lecture by Professor David B. Wilkins, Lester Kissel Professor of Law and Vice Dean for Global Initiatives at Harvard Law School, titled “Reimagining Law, Lawyers, and Justice in the Age of Artificial Intelligence.” The lecture was followed by a panel discussion with global experts in AI, law, and regulation.

      Speaking at the launch, Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of JGU, said: “The launch of the Cyril Shroff Centre for AI, Law & Regulation represents a bold and forward-looking step in the evolution of legal education and technological innovation. At JGU and JGLS, we are committed to ensuring that emerging technologies like AI are harnessed to uphold justice, human dignity, and democratic values. This Centre is not only about research and policy—it is about shaping the future of access to justice in a digital world.” Reflecting on the significance of this institutional moment, Professor Raj Kumar emphasised: “I also want to take this moment to recognize and honour Mr. Cyril Shroff’s extraordinary act of philanthropy and intellectual vision. It is not common to see law firms and their leaders invest so deeply in the public interest, especially in frontier areas like AI. His contribution reflects what all law firms should aspire toward: to play a transformative role in building thought leadership and influencing the public policy architecture of our time. We need more institutions like this—where legal minds work hand-in-hand with scientists, engineers, ethicists, and policymakers to shape the future.” Mr. Cyril Shroff, Managing Partner of Cyril Amarchand Mangaldas whose leadership and generosity made the Centre possible, added: “India is at a crucial inflection point where law and technology must converge to serve the public good. AI can be a powerful equalizer—transforming access to justice, speeding up legal processes, and making governance more efficient. But we must proceed with both innovation and inclusion. Through this Centre, we aim to contribute to global discourse and build frameworks that are thoughtful, ethical, and future-ready.” Speaking about the impact of AI on the legal profession, Mr. Cyril Shroff said: “For lawyers to fully engage with the challenges and opportunities posed by AI, we must embrace interdisciplinary research. Law cannot operate in a silo—our thinking must be informed by technology, data science, behavioural insights, ethics, and more. I am hopeful that this Centre will emerge as a hub of ideas and leadership from the Global South, where normative rule-making and benchmarking should not merely follow—but begin. India has both the capacity and the responsibility to be a thought leader in this space.” Articulating the vision of the Centre, Mr. Cyril Shroff observed: “Jindal Global Law School combines intellectual depth with global ambition—making it the ideal partner for pioneering AI and law research. Its interdisciplinary ethos and strong international networks create fertile ground for innovation. Hosting the Centre here ensures the ideas it generates resonate far beyond India, influencing global regulatory thinking from the Global South.” Mr. Richard Atkins, President of the Law Society of England & Wales, welcomed the gathering and offered spirited opening remarks: “It was a great honour for the Law Society to host this significant event. For over 200 years, the Law Society has served the legal profession in upholding the rule of law and advancing justice. The launch of the Cyril Shroff Centre for AI, Law & Regulation here in London reflects a shared commitment to global legal innovation and collaboration. We are proud to support this important initiative that brings together law, technology, and public service in such a powerful way.” Delivering the keynote lecture, Professor David B. Wilkins of Harvard Law School observed: “Artificial intelligence is not just a tool for lawyers—it is transforming the very architecture of legal systems. Institutions like the Cyril Shroff Centre are essential to ensuring that AI is integrated into the rule of law responsibly, ethically, and equitably. Lawyers must now become architects of technological justice, not just interpreters of legal codes. AI is also reshaping the landscape of the legal profession and the structure of law firms themselves. From client service delivery and dispute resolution to document review and predictive analytics, the profession is undergoing a seismic shift. We must be mindful of how these changes affect not only the economics of law, but also its core values—fairness, accountability, and human judgment. The legal profession must rise to this moment with both courage and conscience.” Congratulating Mr. Cyril Shroff for his leadership in philanthropy and Professor Raj Kumar on his outstanding contributions to global institution building efforts, Professor David Wilkins observed: “Jindal Global Law School is uniquely positioned to lead this global conversation. Its commitment to academic excellence, ethical leadership, and international engagement makes it the natural home for this Centre. There is no better institution in the Global South to shape how AI and law intersect for the public good.” Professor (Dr.) Shailendra Raj Mehta, The O.P. Jindal Distinguished University Professor at JGU, emphasized: “India has a rare opportunity to lead the world in responsible AI governance. To do that, we need serious academic institutions that can produce research, train professionals, and influence global policymaking. The Cyril Shroff Centre will be a beacon of thought leadership, policy insight, and ethical reflection.” The evening featured a dynamic panel discussion moderated by Professor (Dr.) C. Raj Kumar and Mr. Cyril Shroff, and brought together leading global voices from academia, the judiciary, and law firms. The panelists included: • Professor Michael Veale, Associate Professor in Digital Rights and Regulation, University College London • Ms. Verity Egerton-Doyle, Partner, Linklaters LLP, United Kingdom • Professor Chris Reed, Professor of Electronic Commerce Law, Queen Mary University of London • Hon’ble Mr. Justice Michael D. Wilson, Distinguished Professor at JGU and former Justice, Supreme Court of Hawai’i • Mr. Tim Hickman, Partner, White & Case LLP, United Kingdom • Professor (Dr.) Christoph Winter, Director, Institute for Law & AI and Assistant Professor of Law & AI, University of Cambridge The panel explored the evolving regulatory landscape of AI, the implications for privacy and fundamental rights, the ethical challenges for lawyers and policymakers, and the role of India in shaping a human-centred global AI framework.

      The Centre’s mission includes conducting interdisciplinary research, offering executive and professional education programmes, and engaging with international bodies like the OECD, UN, and EU to contribute to globally harmonized regulatory approaches. As India emerges as one of the world’s leading digital economies—with a tech-savvy youth population and increasing global influence—the Centre will play a pivotal role in building institutional capacity for AI law and governance.

      The event also reflected on recent reforms such as India’s historic decision to allow foreign law firms into the domestic legal sector and the anticipated Indo-UK Free Trade Agreement, which will open up new opportunities across law, regulation, and technology.

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

      Topics

      ActsIncome Tax