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
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
    ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
    Rupee jumps 47 paise to 94.26 against US dollar in early trade
    ED raids multiple locations in Kolkata in bank loan fraud case
    Commerce & Industry Minister Shri Piyush Goyal Calls Upon Auto Component Industry To Go Global
    18th Meeting of Heads of IP Offices of BRICS Countries Held in New Delhi
    India’s Sovereign Credit Rating upgraded to 'A-' with Stable Outlook by Japan Credit Rating Agency
    Secretary, DFS Chairs Review Meeting on Financial and Business Performance of Public Sector General Insurance Companies (PSGICs)
    GIFT IFSC emerges as a strong and vibrant international banking hub, mobilises over $52.8 billion under RBI’s FCNR(B) Swap Facility, $11.62 bn in EC...
    Ex-CII executive Shuchita Sonalika appointed COO of Canada-India Business Council
    India's 7.8% growth despite global disruptions remarkable: FM Sitharaman at investors meet in US
    After 35 years, India's sovereign rating upgraded to 'A-' by JCR on solid growth, resilient financial system
    Rupee rises 22 paise to close at 94.73 against US dollar
    India draws record USD 127 bn forex deposit in special drive
    Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
    Haryana: SGST collections grow 29 pc in first 5 months of 2026-27
    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
    RTI seeks Aadhaar date-of-birth changes after pre-poll Bihar pension hike; UIDAI says no such data
❯❯
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 3, 2026
Show AI Summary
GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
Show AI Summary
Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
Show AI Summary
Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
Show AI Summary
Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
Show AI Summary
Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
Show AI Summary
Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
Show AI Summary
Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
Show AI Summary
Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
Show AI Summary
Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
Show AI Summary
Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
Show AI Summary
Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
Show AI Summary
Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
Show AI Summary
Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
Show AI Summary
Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
Show AI Summary
Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
Show AI Summary
GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
Show AI Summary
State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
Show AI Summary
NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
Show AI Summary
RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
Show AI Summary
Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

India–US Relations in Focus at the Inaugural Seminar of Motwani Jadeja Institute for American Studies

September 1, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, 1 September 2025: “Today, we need a sense of strategic patience. India needs to be firm that we’re not going to yield to demands, but remain open to negotiations. It’s important to understand the sources of change within the United States,” said renowned author, thinker, and foreign policy expert Professor (Dr.) C. Raja Mohan at the inaugural seminar of the Motwani Jadeja Institute for American Studies (MJIAS). The title of the seminar was “Resetting the US–India Ties Through Dialogue & Diplomacy.” The seminar was held in New Delhi to mark a day of substantive discussion and strategic engagement, commemorating the launch of MJIAS as a credible, non-partisan platform for Indo–US policy dialogue. Professor (Dr.) C. Raja Mohan is also the Distinguished Professor & Senior Fellow Designate, MJIAS.

The United States and India—two of the world’s largest democracies—share a relationship of strategic depth and multifaceted engagement. Cooperation spans defence, technology, education, and people-to-people ties, while challenges in trade and regulation continue to shape this vital partnership.

In his in-depth analysis, Dr. C. Raja Mohan said, “Given the difficult period that India and the US are going through, it is important to have an institute like the Motwani Jadeja Institute of American Studies. Its contribution will really be long term, to scale this relationship and give it intellectual ballast. It is very clear India has not invested enough intellectual capital in understanding the complex politics. We need a deeper appreciation of the long history of the United States, of its persistent political current and its cultural modes. Originally, American populism was against the concentration of wealth, and bouts of anti-dominant capitalist sentiment have always been a part of history. To understand what’s going on in the US today, we need to dig deeper into its history and its culture.” In a wide-ranging discourse, which explored the various phases of the India–US relationship, Dr. Raja Mohan opined, “India saw technological collaborations and a relationship in the 1960s. It’s easy to forget, as the first Indian reactor, the first Indian satellite, the agrarian revolution and the Green Revolution were with American support. Yet, in 1971 there was a whole range of other developments which saw a dramatic collapse of the relationship. Many of those obstacles were overcome in the 2000–2005 period with four successive Prime Ministers—P.V. Narasimha Rao, Atal Bihari Vajpayee, Dr. Manmohan Singh and Shri Narendra Modi—who devoted significant political and diplomatic resources to redo this relationship.” As its inaugural initiative, MJIAS brought together parliamentarians, diplomats, business leaders, and academics to deliberate on strengthening Indo–US relations through dialogue and diplomacy.

Professor (Dr.) C. Raj Kumar, President, MJIAS & Founding Vice Chancellor, JGU, said in his Welcome Address: “We are hosting this seminar at a very important time when there are significant challenges in US–India relations. It is important to go beyond the current scenario. For many of us who have had the opportunity to interact with the United States, it is significant to note that no country in the world is closer to India in terms of our shared beliefs, our shared values, our deep commitment to the rule of law, commitment to democratic institutions, our belief and faith in the possibility of individuals, who, through their hard work and determination, can shape the future of themselves and the destiny of our nations. The India–US relationship is not only one of the most defining relationships of the future, but also an opportunity to essentially shape the future of humankind. The United States is a country which has been the birthplace of so many ideas, and we need to recognize the extraordinary history that both our countries share. The establishment of the Motwani Jadeja Institute of American Studies is an attempt to develop a greater understanding of India in the United States, the complexity of this relationship, and to work towards a better future for India and the United States.” The Special Address and Keynote Address were delivered by Ambassador Mr. Nagaraj Naidu Kakanur, Additional Secretary, Ministry of External Affairs, Government of India, and His Excellency Mr. Jorgan K. Andrews, Chargé d’Affaires, Senior Foreign Service Officer, U.S. Department of State, respectively. Both congratulated JGU for establishing the Motwani Jadeja Institute for American Studies, thanked Ms. Asha Jadeja Motwani for her generous donation, and underlined the important role it could play in promoting and advancing India–US ties.

They lauded O.P. Jindal Global University for its vision in creating a pioneering institution dedicated to American Studies in India, emphasizing that such initiatives enrich academic discourse while also strengthening bilateral understanding. Ambassador Naidu and Mr. Andrews also highlighted how the establishment of the Motwani Jadeja Institute is a testament to the power of philanthropy, commending Ms. Asha Jadeja Motwani for her remarkable contribution that will leave a lasting legacy. They noted that few universities in the region have demonstrated the foresight and commitment that JGU has shown in investing in intellectual capital to advance India–US relations. The presence of the Institute, they observed, not only elevates the stature of JGU globally but also serves as a beacon of how private philanthropy and academic excellence can converge to address pressing international issues.

Professor (Dr.) Mohan Kumar, the Inaugural Director General, MJIAS, said in his Introductory Remarks that there could not be a better time for a discussion on the India–US relationship by the Motwani Jadeja Institute of American Studies. “This is not the first time that the India–US relationship is going through a difficult phase. Such a dialogue is essential to keep the relationship going, which cannot be seen through the prism of a few months or just through trade and tariffs.” The Vote of Thanks was delivered by Professor (Dr.) Swati Chawla, Assistant Director, MJIAS.

The inaugural session also included several panel discussions: • Legislative Bridges & Policy Dialogue in India–US Relations, moderated by Professor (Dr.) Sreeram S. Chaulia, Dean, Jindal School of International Affairs, JGU • Commerce Without Conflict – Perspectives from Business, Trade & Investment Leaders, moderated by Professor Ram B. Ramachandran, Associate Director, MJIAS & Vice Dean, Jindal School of Banking & Finance, JGU • Strategic Symbiosis – Academic and Diplomatic Pathways to Bilateral Harmony, moderated by Professor (Dr.) Sriparna Pathak, Associate Director, MJIAS & Professor, Jindal School of International Affairs, JGU Distinguished participants included: Dr. Sasmit Patra, Member of Parliament, Rajya Sabha; Ambassador Ms. Meera Shankar, Former Indian Ambassador to the United States; Ms. Sharmila Kantha, Principal Consultant, Confederation of Indian Industry; Mr. Shishir Priyadarshi, President, Chintan Research Foundation; Ambassador Mr. Sanjay Kumar Verma, Chairperson, Research and Information System for Developing Countries; Mr. Raman Kalra, Vice President, IBM Consulting; Ambassador Mr. Arun Kumar Singh, Former Indian Ambassador to the United States; Ambassador Mr. Rajiv Bhatia, Distinguished Fellow, Gateway House; Ambassador Ms. Gaitri Issar Kumar, Former Indian Diplomat; and Professor (Dr.) Rajat Kathuria, Dean, School of Humanities and Social Sciences, Shiv Nadar University.

The day-long seminar addressed two vital questions confronting India–US ties today: How did we get here? And Where do we go from here? The general consensus was that the following factors, inter alia, contributed to the current stalemate in bilateral ties: trade and tariffs, Indian purchase of Russian oil, US–Pakistan ties, the personal pique of President Trump vis-à-vis India, and the relative change in US–China ties.

In terms of response, it was felt that India needs to hunker down, demonstrate strategic resilience, diversify export markets, and generally hold the line. It was broadly agreed that the US is an important strategic partner and that the partnership between India and the US, notwithstanding current difficulties, has the potential to be the most consequential for the twenty-first century.

O.P. Jindal Global University (JGU) has been the proud recipient of a landmark endowment of US$5 million from Ms. Asha Jadeja Motwani and the Motwani Jadeja Family Foundation. This visionary gift is one of the largest philanthropic contributions to JGU and among the most significant investments in American Studies in India. The Institute is named in honour of the late Professor Rajeev Motwani, a legendary Stanford University computer scientist, whose mentorship helped shape the journeys of the founders of Google and countless other innovators.

(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

Topics

Acts Income Tax