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August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
Show AI Summary
LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.

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101st Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

November 7, 2025

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NPG evaluates projects from Ministry of Road, Trasport & Highways (MoRTH), Ministry of Railways (MoR)

The 101st meeting of the Network Planning Group (NPG) was convened today to evaluate infrastructure projects related to Roads, Transport & Highways, and Railways. The discussions focused on strengthening multimodal connectivity and improving logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

The NPG evaluated projects of Road/Highway of MoRTH and Rail projects of MoR, for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach. These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Road, Transport & Highways (MoRTH)

(i) Rehabilitation and Upgradation of NH-160A from Ghoti to Palghar (Maharashtra)

The Ministry of Road Transport and Highways (MoRTH) has proposed the rehabilitation and upgradation of National Highway 160A (NH-160A) from Ghoti to Palghar, spanning a total length of 154.635 kilometers in the state of Maharashtra. The NH-160A corridor serves as a strategic alternate freight route connecting the industrial clusters of Nashik and adjoining MIDC areas (Ambad and Satpur) to the western coastal ports, significantly reducing dependence on existing routes passing through Nashik city. The proposed upgradation will enable efficient port access, decongest urban corridors, and enhance freight mobility for industrial and commercial traffic. The project will also strengthen intermodal connectivity by improving linkages with nearby railheads (Nashik, Palghar, and Dahanu railway lines) and major highways including NH-60, NH-48, and NH-848, ensuring improved last-mile connectivity for both passenger and freight movement.

The upgradation of NH-160A is expected to deliver multiple benefits, including:

  • Development of a high-capacity alternate freight corridor, linking Nashik’s industrial hubs with western ports and markets in Palghar.
  • Improved access to the Nashik Multi-Modal Logistics Park (MMLP) and other port-bound economic corridors.
  • Faster transport of perishable goods, supporting cold-chain and agricultural value chains.
  • Promotion of tourism and MSME growth in regional centers such as Trimbak, Jawhar, Manor, and Palghar.

Overall, the project will enhance regional logistics efficiency, improve industrial competitiveness, and promote balanced socio-economic development across northern and western Maharashtra, while strengthening connectivity to major trade and port hubs.

(ii) Development of 2-Lane with Paved Shoulder from Hiwarkhedi to Basinda-Roshni (Betul – Khandwa)

         Development of 2/4 lane with paved shoulder of Ashapur to Rudhy (Betul – Khandwa) (Madhya Pradesh)

The Ministry of Road Transport and Highways (MoRTH) has proposed the development of a 2-lane carriageway with paved shoulders from Hiwarkhedi to Basinda–Roshni, and the widening of the existing 2-lane road to a 4-lane divided carriageway with paved shoulders from Deshgaon to Julwaniya, in the state of Madhya Pradesh. The proposed corridor covers a total length of approximately 300 kilometers. The project corridor serves as a strategic arterial route, enhancing interstate connectivity and linking cities of national importance across Madhya Pradesh, Maharashtra, Gujarat, and Rajasthan. It will improve regional linkages with major urban centers such as Udaipur, Jhalawar (Rajasthan); Ahmedabad, Vadodara, Bharuch (Gujarat); Nashik, Dhule, Aurangabad, Amravati, Akola (Maharashtra); and Indore, Ujjain, Bhopal, and Khandwa (Madhya Pradesh).

The corridor will provide an alternate and shorter route between Nagpur and Vadodara, thereby facilitating efficient movement of freight and passenger traffic across central and western India. Upgradation of the project road will also improve access to key industrial and economic zones, including District Trade and Industry Centre in Barwani, Anjad, Khargone, and Bhikangaon, as well as the NTPC Super Thermal Power Station at Selda, Khargone.

The project is expected to boost regional trade, enhance logistics efficiency, and support industrial development by strengthening connectivity between production centers, markets, and ports. It will also contribute to reduced travel time, lower transportation costs, and improved access to key economic and administrative centers. Overall, the proposed development will serve as a catalyst for economic growth, promoting balanced socio-economic development and strengthening regional connectivity across Madhya Pradesh and adjoining states.

Ministry of Railways(MoR)

(iii) 3rd & 4th line from Gamharia to Chandil (Jharkhand)

The Ministry of Railways has proposed the construction of a 3rd and 4th railway line between Gamharia and Chandil in the state of Jharkhand, spanning a total length of 56 kilometers.

The project aims to address severe congestion in the existing Kandra–Chandil section, which is currently operating at 130%-line capacity utilization, including maintenance blocks. Forecasts indicate that capacity utilization may reach 141% in the near future, highlighting the urgent requirement for capacity augmentation to ensure smoother and more efficient train operations. The Gamharia–Chandil corridor is a critical freight route, facilitating the movement of iron ore and raw materials from the Chakradharpur Division to steel plants at Burnpur and Durgapur, as well as sponge iron industries in the Asansol region. The section plays a vital role in supporting the industrial supply chain and mineral logistics across eastern India. With a maximum permissible speed of 130 km/h on the existing line, the proposed expansion will further enhance operational efficiency and throughput capacity.

Upon completion, the project will significantly increase line capacity, reduce congestion, and enhance freight movement efficiency. It will also strengthen connectivity for industrial and mineral-based freight corridors, improving logistics performance and supporting the economic growth of eastern India.

(iv) 4th Line from Sainthia-Pakur (West Bengal & Jharkhand)

The Ministry of Railways has proposed the construction of a 4th railway line between Sainthia and Pakur, covering a total length of approximately 81.20 kilometers across the states of West Bengal and Jharkhand. The project aims to augment line capacity and reduce congestion on the existing busy corridor, ensuring efficient movement of both freight and passenger traffic. The section has been designated as an “Energy Corridor”, highlighting its strategic role in supporting industrial supply chains and power sector logistics in eastern India. The corridor traverses a region with substantial untapped freight potential, particularly from industrial clusters that currently rely on road transport. The introduction of the 4th line will facilitate a modal shift from road to rail, enhancing cost efficiency, reliability, and sustainability in freight movement. The proposed expansion will lead to improved train punctuality, higher average freight speeds, and optimal utilization of rolling stock and crew resources, thereby generating significant operational savings by minimizing detention of goods trains.

The project will have a positive impact on several major industries and facilities, including:

  • Power plants operated by WBPDCL – Santhaldih, Bakreswar, and Sagardighi Thermal Power Stations;
  • Cement plants – Ambuja Cement (Tildanga) and Ultratech Cement (Sonar Bangla Unit);
  • Mining operations – Stone mines, Rajmahal Coalfield, and Pachwara Coal Block.

Additionally, the project will strengthen rail-based logistics for iron and steel industries, chemical plants, thermal power stations, and mining operations, contributing to the region’s industrial growth, energy security, and logistics efficiency.

Upon completion, the Sainthia–Pakur 4th Line Project will play a pivotal role in enhancing freight mobility, supporting industrial expansion, and boosting economic development across eastern India. The meeting was chaired by Joint Secretary, Logistics, Department for Promotion of Industry, and Internal Trade (DPIIT) Shri Pankaj Kumar.

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