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
❯❯
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 1, 2026
Show AI Summary
Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
Show AI Summary
Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
Show AI Summary
Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
Show AI Summary
Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
Show AI Summary
GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
Show AI Summary
Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.
September 1, 2026
Show AI Summary
Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
Personal-guarantee insolvency proceedings involve a stay on implementation of a repayment plan because the earlier members' views did not produce a clear majority capable of taking effect. The personal guarantor has been restrained from directly or indirectly alienating assets pending further hearing. The dispute follows split views on approval of the plan, claim admission and voting, followed by a third-member opinion that did not resolve the absence of a determinative majority. Creditors dispute the proposed recovery, claim treatment and declared net worth relevant to the guarantees.
September 1, 2026
Show AI Summary
Rupee exchange-rate movement reflects portfolio inflows, growth data and possible central-bank support, while crude oil prices constrain gains.
Foreign-exchange market conditions strengthened the rupee by 28 paise to 94.94 against the US dollar, supported by domestic growth, controlled fiscal slippage and portfolio inflows. Possible Reserve Bank of India intervention was also identified as supportive. Higher crude oil prices, weak domestic equities and hawkish US monetary-policy signals were identified as constraints on further appreciation. Foreign investment flows, stronger-than-expected domestic growth and the fiscal-deficit position remained material factors affecting currency conditions.
September 1, 2026
Show AI Summary
Money-laundering probe into public service recruitment irregularities examines alleged question-paper leaks, selection manipulation, and laundering through purported CSR donations.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in Public Service Commission recruitment examinations. Allegations include question-paper leaks, manipulation of candidate selection, and illegal gratification for securing appointments of relatives and favoured candidates. Recruitment rules were allegedly amended to facilitate selection of relatives. Alleged proceeds of crime were collected in cash and routed through layered banking transactions, including through a family-controlled samiti presented as receiving corporate social responsibility donations for a non-existent college.
September 1, 2026
Show AI Summary
Personal guarantor settlement scrutiny intensifies as asset alienation is restrained pending review of a disputed creditor repayment proposal.
A five-member special bench found that no clear majority view existed under section 419(5) of the Companies Act and stayed the third member's order that had permitted the proposed recovery. Notices were directed to all parties, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. The dispute concerns approval of a personal guarantor's repayment proposal, treatment of guarantee claims, creditor voting support, assessment of the personal estate, and scrutiny of declared net worth.
September 1, 2026
Show AI Summary
Personal insolvency proceedings restrict property alienation while notices issue to parties in the debtor's case.
A five-member special National Company Law Tribunal bench hearing Subhash Chandra's personal insolvency matter issued notices to all parties and restrained him from alienating property directly or indirectly. The restraint applies during the continuing insolvency proceedings and concerns dealings with the relevant property. The procedural measure requires the interested parties to participate in the matter.
September 1, 2026
Show AI Summary
Aadhaar authentication alternatives enable eligible farmers with failed fingerprint verification to access loan-waiver benefits after identity verification.
Elderly farmers whose fingerprints cannot be captured for Aadhaar authentication may approach an Aaple Sarkar Seva Kendra with their Aadhaar card and bank passbook. Loan-account details are verified on the scheme portal before authentication is initiated. If authentication fails, the concerned tehsildar verifies identity using the Aadhaar card, bank passbook and 7/12 land record extract. Eligible farmers receive loan-waiver benefits directly in their bank accounts after authentication, identity verification and satisfaction of the scheme's eligibility criteria.
September 1, 2026
Show AI Summary
GST collection growth reflected higher domestic and import revenue, while increased refunds moderated net collections during August.
GST collections recorded year-on-year growth in August, with gross receipts reaching about Rs 2 lakh crore. Domestic transaction revenue increased to over Rs 1.37 lakh crore, while import-related revenue rose to Rs 62,604 crore. Refunds increased to Rs 31,795 crore, and net GST collections stood at Rs 1.68 lakh crore after refunds.
September 1, 2026
Show AI Summary
Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
Personal insolvency proceedings were reopened before a five-member special bench after a split view on a repayment plan. As no majority view existed, including that of the third member, no final order was in force and the repayment-plan determination could not be acted upon. Notices were issued to all parties, including dissenting creditors, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. Dissenting creditors also challenged the repayment-plan determination before the appellate tribunal.
September 1, 2026
Show AI Summary
Equity market sentiment weakens as higher crude prices, geopolitical tensions and tighter monetary policy expectations curb risk appetite.
Equity-market sentiment weakened as higher crude oil prices, renewed US-Iran tensions, and expectations of prolonged tight US monetary policy reduced emerging-market risk appetite. The Sensex and Nifty declined, while domestic GDP growth above projections offered partial support. Weakness in several Asian markets, a lower US market close, and net foreign institutional equity sales reinforced cautious trading conditions.
September 1, 2026
Show AI Summary
Money laundering investigation triggers searches linked to alleged Public Service Commission irregularities, including premises of a former chief minister's assistant.
A money-laundering investigation under the Prevention of Money Laundering Act has led to searches at seven locations in Chhattisgarh in connection with alleged irregularities at the Chhattisgarh Public Service Commission. The search operation includes the premises of K. K. Chandrakar, personal assistant to former Chief Minister Bhupesh Baghel. The investigation remains at the search and inquiry stage.
September 1, 2026
Show AI Summary
Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
August 31, 2026 was the due date for taxpayers having business or professional income who were not subject to audit. Such non-audit taxpayers may use ITR-3, ITR-4, ITR-5 or ITR-7, as applicable. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, while ITR-4 is intended for small and medium taxpayers. ITR-5 applies to firms, limited liability partnerships and cooperative societies, and ITR-7 applies to trusts and charitable institutions.
September 1, 2026
Show AI Summary
Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
Intelligence-led enforcement against organised gold smuggling resulted in the seizure of over 42 kg of foreign-origin gold and around 10 kg of foreign-origin silver, collectively valued at more than Rs. 65 crore, and the arrest of 25 persons. Operations targeted networks using airport transit routes, airport personnel, land-border corridors, coastal routes, and domestic road transport. Gold was concealed in wax, compound, paste, raw-chain and bar forms, including through body concealment, internally secreted capsules, clothing, and specially created cavities.
September 1, 2026
Show AI Summary
Predictive consumption-expenditure framework will use household survey data to support poverty estimation, consumption analysis, and economic planning.
MoSPI and Thapar Institute of Engineering & Technology have entered into a memorandum of understanding for a research study to develop a predictive and analytical framework for monthly consumption expenditure in India. The study will use Household Consumption Expenditure Survey data to estimate Monthly Per Capita Consumption Expenditure at national and state levels, analyse household consumption patterns, and generate evidence relevant to poverty estimation and broader economic planning.
August 31, 2026
Show AI Summary
Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.

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