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August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
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Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
August 8, 2026
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Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
August 8, 2026
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Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
August 7, 2026
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Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.

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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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