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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.

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BRICS Plus meets in Rio amid global shifts and internal fractures

July 5, 2025

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Rio de Janeiro, Jul5 (360info) On July 6-7, leaders of the BRICS countries – Brazil, Russia, India, China and South Africa – will meet in Rio de Janeiro, Brazil, a quarter of a century after the inception of the acronym.  Russia’s President Vladimir Putin and China’s President Xi Jinping will be absent, with their countries being represented by Foreign Minister Sergei Lavrov and Premier Li Qiang respectively.  The absence of Putin and Xi is likely to put the spotlight firmly on India’s Prime Minister Narendra Modi and Brazil’s President Luiz Inacio da Silva, popularly known as Lula.

India is experiencing a unique moment as the fastest-growing of the G20 economies. Membership in BRICS lends strategic flexibility to this Global South powerhouse that can be considered “friends with everybody”, cooperating with Russia on selected issues while remaining a member of the Quad alliance with the United States.  The leaders’ summit also offers a platform for Modi’s aspirations of global leadership, just a couple of months after the uncertain outcomes of the latest round of military clashes with Pakistan.

As the host nation, Brazil will enjoy a temporary respite from its ongoing political turbulence between supporters of Lula and former president Jair Bolsonaro. For a while, controversies over the slow preparations for the forthcoming COP30 meeting will be set aside.

The BRICS summit marks the latest attempt by the Lula administration to assert its perspective on global affairs, after Brazilian efforts brought no tangible results in Venezuela, Ukraine, or Gaza.

BRICS has been expanding rapidly, and now has a truly global footprint. Egypt, Ethiopia, Iran and the United Arab Emirates joined in 2024. Indonesia, the largest and most populous country in Southeast Asia, joined in 2025.  Now called the BRICS+ group, the ten-nation community has been accompanied since 2024 by a ten-nation group of partner states that include Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam. An 11th country, Saudi Arabia, is listed as a member on the BRICS Brazil 2025 website, but its membership status remains unclear.

The grouping has come a very long way from its beginnings as a portfolio category for global financial investments.

In November 2001, a Goldman Sachs report authored by economist Jim O’Neill proposed that the economic future of the 21st century belonged to emerging economies – Brazil, Russia, India, and China. This evolved into a political movement, as the leaders of those emerging countries began meeting on the sidelines of the United Nations General Assembly to discuss the global economic situation.

By 2008, the commodity boom was nearing its end, and a global financial crisis was triggered by massive defaults in the US real estate market.

Suddenly, the “BRIC” countries became engines of global economic recovery and growth. They also voiced strong criticism of international financial institutions – especially the Bretton Woods institutions, the International Monetary Fund and World Bank – for their collective failure to prevent or adequately respond to the 2008 crisis.

In June 2009, BRICS leaders met for the first time in an official capacity in Yekaterinburg, Russia. The institutionalisation of the BRICS group was followed by the expansion of its membership. South Africa joined in 2011. The expansion has picked up pace in the past couple of years.

Challenges of diversity The diverse membership of the BRICS+ group presents a challenge in identifying common goals in a fragmented world.

In the division of diplomatic labour, intense negotiations among BRICS members are not matched by common policies on the global stage, which are largely reserved for criticism of existing international arrangements. This posture fuels the call for “updating” current institutions in order to enhance their legitimacy.  BRICS members often unite in their opposition to what they perceive as an unfair global order that operates to their detriment. The group advocates for new patterns of power diffusion to justify institutional reform, especially in times of crisis.

These features place BRICS at a crossroads that will shape its global footprint.

On the one hand, the BRICS group functions as an institutional vehicle for South–South cooperation, largely bypassing norms associated with the liberal international order.  Among members and partner states are countries that have faced Western sanctions for extended periods, such as Russia, Iran, and Cuba. Despite the imposition of severe economic sanctions on Moscow following the Russian invasion of Ukraine, and their enforcement through multilateral institutions, BRICS provided a conduit for continued trade in Russian oil.

This departure from Western norms reinforces one of BRICS’ founding traits – a grouping of non-Western powers that offer acute criticism of the representativeness and efficiency of international institutions, while seeking a level playing field.

On the other hand, BRICS makes little headway in terms of collective action. The group speaks in normative terms, calling for transformation, but lacks a formal mechanism for collective decision-making.

Its defence of multilateralism, sovereignty, and the rule of law exists alongside controversial foreign policy positions such as its neutral stance on Russia’s annexation of Crimea in 2014.  Normative innovations, such as Brazil’s “Responsibility While Protecting” doctrine launched in 2011, were not endorsed or coordinated with other BRICS members. Internal dynamics limit public demands for global institutional reform.  Although BRICS members share similar criticisms of international financial institutions, their dissatisfaction diverges significantly when it comes to the United Nations system.

Russia and China have paid only lip service to reforming the UN Security Council, acting jointly to maintain the status quo by watering down various reform proposals sponsored by Brazil, India, and South Africa.

Divisions within the group contrast “traditional” powers (Russia and China, permanent members of the UN Security Council) with “emerging” ones (India, Brazil, and South Africa).  Little progress has been made in reforming multilateral institutions to better include emerging powers since BRICS’ inception.

These power splits are compounded by differences in regime type. India, Brazil, and South Africa present themselves as democracies of the Global South, in contrast to the autocratic regimes of Putin’s Russia and the Chinese Communist Party.  BRICS thus constitutes an uneasy mix of countries that critique the Western-led order while having risen to prominence by engaging with it.

By accommodating the diverse circumstances of its members, BRICS plays an important role in fostering South–South ties. However, this breadth also limits the group’s effectiveness in a polarised global order.  Two recent shortcomings highlight its limited political leverage. In June 2025, the group’s response to Israeli and US bombing of Iran (a BRICS+ member) was confined to rhetoric. Moreover, the preparatory meeting of foreign ministers in Rio failed to produce a joint declaration.

Normative ambivalence, combined with limited collective action, has turned BRICS into a pragmatic club.

Since the 2008 financial crisis, the group has shied away from major political controversies, from combating ISIS to the ongoing conflicts in Ukraine and Gaza. As political statements remained vague and reformist ambitions were sidelined, BRICS-related institutions proliferated alongside its growing membership – from the New Development Bank established in 2015 to the proposed guarantee fund to boost investment in member states.

Behind the scenes, the BRICS summit will serve a multitude of purposes for its expanding membership. Several of its members have previously made calls for a “new multilateralism”, a “multipolar world order”, and the renewal of international institutions.  This time, the Global South’s democracies have an opportunity to shape new narratives. Apart from inclusive and sustainable global governance, Brazil set the 2025 summit’s agenda to focus on climate change, artificial intelligence and global health – issues underestimated in previous editions.  The BRICS group may, once again, reclaim a vanguardist position, providing Global South standpoints on these pressing global challenges. (360info.org) NPK NPK

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