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    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
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    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.

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      Indian Cement Review Leads Decarbonisation Dialogue at Cement Expo 2025 in Delhi

      November 11, 2025

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      • Piyush Goyal, Union Minister of Commerce & Industry, Sudhanshu Pandey, Election Commissioner (UTs), Sagar Kadu, Director – Logistics Division, Ministry of Commerce and Industry, Government of India, Sanjay Bhatia, Upalokayukta, Govt of Maharashtra, Chairman of MultiLogistix Committee to address the gathering of the industry. • Over 100 exhibitors and 5,000+ business visitors are expected at Cement Expo 2025, including CXOs, plant heads, technology leaders, procurement heads, government officials, and major contractors and developers.

      • MultiLogistix Conference & Awards 2025 – co-located with Cement Expo - is expected to attract logistics and supply chain leaders from diverse industries and key government bodies.

      New Delhi: As World Leaders converge for COP 30 in Brazil, India’s cement sector, responsible for nearly 8 per cent of national CO₂ emissions, faces a critical challenge—ramping up production from 445 million tonnes in 2024 to 670 million tonnes by 2030 while sharply reducing environmental impact. To catalyse this transition, the 15th Cement Expo will be held on November 12–13, 2025 at Yashobhoomi, Dwarka (Delhi), convening industry leaders to foster innovation, collaboration, and actionable strategies for low-carbon growth.

      The Expo will be co-located with the 11th Indian Cement Review (ICR) Conference and the 9th Indian Cement Review Awards. The event is organised by the FIRST Construction Council and Indian Cement Review, India’s oldest and most widely respected cement magazine, now in its 40th year.

      MultiLogistix Conference & Awards 2025 – the premier event dedicated to India’s logistics and supply chain industry that will be co-located along with Cement Expo at Yashobhoomi - will bring together who’s who of India’s logistics and supply chain sector, which is undergoing a significant transformation, fuelled by large-scale infrastructure investments, policy reforms, and increasing formalisation.

      The Cement Expo 2025 edition is supported by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Heavy Industries, Global Cement and Concrete Association (GCCA), Cement Manufacturers Association (CMA), Building Materials and Technology Promotion Council (BMTPC), Government e-Marketplace (GeM), Telangana Chambers of Commerce & Industry (TCCI), and Indian Institute of Materials Management (IIMM).

      The government’s 2025–26 Budget has allocated ₹11.21 trillion in capital expenditure — a 10 per cent increase over the previous year — signalling strong infrastructure and housing demand. While this expansion will boost cement consumption, rising sustainability requirements across user industries will intensify pressure on the cement ecosystem to decarbonise rapidly. With the theme “Collaborating for Decarbonising the Cement Industry”, the Expo and Conference will convene cement manufacturers, policymakers, technology providers, logistics partners, and end-users to chart India’s path to low-carbon cement production.

      “As the world’s second-largest cement producer, India generates roughly 0.6–0.9 tonnes of CO₂ per tonne of cement. The industry stands at a defining moment where decarbonisation is both an environmental duty and a strategic necessity for global competitiveness. Cement Expo 2025 aims to build the collaborative momentum needed to shape a greener, more responsible future for the sector,” said Pratap Padode, Founder & President, FIRST Construction Council.

      Some of the key Guest of Honour speakers for the event will be: • K. Ramakrishna – MD, KCP Cement • Manoj Rustagi – Chief Sustainability Officer, JSW Cement • Ajay Sarogi – CFO, JK Cement • Arun Shukla – President & Director, JK Lakshmi Cement • Naveen Kumar Sharma – Udaipur Cement Works • Sh. R. Krishnakumar – CEO & MD, Shree Digvijay Cement • Dr. Shailendra Chouksey – Former Director, JK Lakshmi Cement & Past President, CMA • Madhavkrishna Singhania – Joint MD, JK Cement • Dharmender Tuteja – CFO, Dalmia Bharat • Ashok Dembla – President & MD, KHD Humboldt Wedag • Dr. Raju Goyal – Executive President, UltraTech Cement • Saurabh Palsania – Jt. President, Strategic Sourcing, Shree Cement Ltd Other Eminent Speakers: • Dr V. Ramachandra – President, Indian Concrete Institute & Technical Advisor, UltraTech Cement Ltd • Kaustubh Phadke – India Head, Global Cement and Concrete Association (GCCA) • Dr B. N. Mohapatra – Advisor & Consultant, UltraTech Cement • Ulhas Parlikar – Global Consultant (Circular Economy, Policy Advocacy & Waste Management), formerly with ACC Ltd • Dr. Manoranjan Parida – Director, CSIR-CRRI • Ashwani Pahuja – CMD, NextCem Consulting • Vimal Kumar Jain – Technical Director, HeidelbergCement India Ltd • KN Rao – Corporate Head EHS, AFR Energy Sustainability, My Home Industries • Dr Shailesh Kumar Agrawal – Executive Director, BMTPC…and many more industry stalwarts.

      More than 30 industry leaders will share strategies and innovations shaping the future of sustainable cement manufacturing – from green technologies and energy efficiency to circular economy practices and digital transformation. The winners of the 9th Indian Cement Review (ICR) Awards - which are given for the fastest growing cement companies and stalwarts (under "Person of the Year" and "Lifetime Achievement” categories) for their contribution in the cement industry - will also be felicitated at the Cement Expo 2025.

      The event will see the participation of cement majors like Ultratech, JSW Cement, Star Cement, JK Cement, JK Lakshmi Cement, Nuvoco Vistas, HeidelbergCement, Shree Digvijay Cement, Sagar Cement, etc.

      Over 100 exhibitors and 5,000+ business visitors are expected, including CXOs, plant heads, technology leaders, procurement heads, government officials, and major contractors and developers.

      Some of the companies sponsoring Cement Expo 2025 include PhillipCapital India, TIDC India (Shanthi Gears), SS Gas Lab Asia, Flender Drives, Fuller Technologies, Nanolike, CG Power & Industrial Solutions, TKIL Industries, Star Cement, Humboldt Wedag India, Loesche India, ATS Conveyors India, HPCL, CEMENGAL, ROCKWOOL, Thermo Fisher Scientific India, VE Commercial Vehicles, among others. Exhibitors such as Taiheiyo Engineering Corporation, (TEC) Japan, Cemengal, Fuller Technologies (Formely FLSmidth), Shanthi Gears, HPCL, Nanolike, VE Commercials etc, will be showcasing their latest technologies at the Expo.

      India’s logistics sector - valued at $215 billion in 2021 - is expected to expand to $591 billion by FY27. Against this backdrop, MultiLogistix Conference & Awards 2025 will explore the full spectrum of logistics activities—from ports, rail, and road to air cargo, warehousing, material handling technologies, cold chain systems, EV logistics, and digital supply chain innovations. With more than 25 speakers and over 10 industry awards, the event will unite stakeholders to discuss the future course of the industry.

      The MultiLogistix Conference 2025 is supported by National Highways Logistics Management Limited (NHLML), The Chartered Institute of Logistics & Transport India (CILT India), Indian Maritime Centre (IMC), Invest India, All India Transporters Welfare Association (AITWA), and The Air Cargo Agents Association of India (ACAAI)—reflecting the strategic importance of infrastructure, policy coherence, and professional excellence.

      Speakers from NHLML, Kolkata Port Trust, Indian Ports Rail & Ropeway Corporation (IPRCL), transport departments, state governments, PwC, CILT India, GRIHA Council, and leading logistics companies are expected to participate. Delegates will benefit from seminars, panel discussions, and workshops focused on the latest trends, innovations, and market developments in logistics, supply chain management, and transportation.

      Participate in the MultiLogistix Conference & Awards 2025 to witness the future of logistics, warehousing, and supply chain innovation.

      To attend the Indian Cement Review Conference & Awards 2025 as a delegate, contact Mr Siraj Khan on +91 97695 77206 or [email protected] For exhibition & sponsorship related enquiry about Cement Expo 2025, contact Mr Sujoy Gomes on +91 86577 95881 or [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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