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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
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September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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IMPACT OF AI ON HUMAN CAPITAL IN INDIA AND EMERGING ECONOMIES

December 24, 2025

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Sonipat, 24 December, 2025: In a ground-breaking symposia during pre-summit preparations for understanding the impact of AI on Human Capital in India and on Emerging economies, O.P. Jindal Global University in partnership with The All India Council for Technical Education (AICTE) brought together key academics, thought leaders, market experts, legal luminaries and experts to enable a framework and model for this key development which will have a significant influence on people, policies and nation building including higher education. The proposed summit to be held from 16th February 2026 to 20th February 2026 will focus on strategies that can equip India and its policies for the human capital, across the primary, secondary and tertiary sectors of the economy as well as the functioning of governments at central and state levels, for achieving its goal of Viksit Bharat @ 2047.

The pre-summit discourse was spread over an inaugural session, followed by two panel discussions to primarily delve into understanding what policy frameworks are needed to ensure AI diffusion benefits both formal and informal sectors, particularly rural and low-income communities and how can national skilling missions and education systems be aligned with the evolving demands of an AI-driven economy. They also deliberated about how AI can be leveraged to enhance productivity without exacerbating inequality or displacing vulnerable workers, what models exist (e.g., cooperatives, agri-tech partnerships, public data commons) to democratize access to AI tools, who bears responsibility for retraining and redeployment: the employers, the state, or educational institutions and how can India’s AI policies incorporate global best practices while reflecting local socio-economic realities.

On the momentous occasion of the Pre-Summit Event, Professor (Dr.) C. Raj Kumar, Founding Vice-Chancellor of O.P. Jindal Global University, welcomed the effective convening of the pre-summit event on “Impact of AI on Human Capital in India and Emerging Economies”, organised by the University in collaboration with the All India Council for Technical Education (AICTE).

He observed that for a country like India, with its distinctive demographic profile and developmental aspirations, the central challenge lies not merely in adopting new technologies, but in ensuring that artificial intelligence is responsibly integrated to strengthen human capital, enhance productivity, and promote inclusive and ethical growth. He underlined that the discussions appropriately focused on channelling AI’s transformative potential through regulatory foresight, responsible deployment, and sustained investments in reskilling and institutional capacity, particularly in the context of India’s vision of Viksit Bharat @ 2047.

Professor Kumar further emphasised that universities have a critical role to play in shaping the future of AI governance and capacity-building. At O.P. Jindal Global University, particularly through the Cyril Shroff Centre for AI, Law and Regulation at Jindal Global Law School, the University is committed to advancing interdisciplinary research, education, and dialogue that bridge law, technology, public policy, and the social sciences.

Adding to the discourse on the evolving nature of India’s workforce and the future of skills, Professor Dabiru Sridhar Patnaik, Registrar, O.P. Jindal Global University, in his welcome address to the distinguished gathering, “The deployment of AI comes with a transformative potential for all sectors of the economy, both in terms of productivity and output. However, it also implies challenges of skill development and redundancy. In the tertiary sector, the impacts of AI deployment are already visible with job cuts and lay-offs across the IT and ITES, education, accounting, audit, legal and allied services industries. Similarly, work structures and skill requirements have also significantly reshaped across multiple sectors. Deployment of AI presents opportunities as well as adaptive challenges. It indeed has the potential to aid India in achieving its goal of Viksit Bharat by 2047. However, India needs to ensure it provides equitable distribution of this technology and can take measures to mitigate severe workforce displacement. This Pre-Event Summit seeks to discuss the impact that AI is likely to have on human capital, in all sectors of the Indian economy.” The pre-summit discussions began with an inaugural session which also included leading academics of JGU. The first panel discussion was on AI and Human Capital in the Primary, Manufacturing, Accounting, BFSI Services sector & Capital Markets which explored how AI-based systems in agriculture, manufacturing, accounting, audit and BFSI sectors which can enhance productivity, efficiency, and sustainability while addressing implications for labour and livelihoods. The discussants included Dr. Charan Singh-(CEO Egrow Foundation & Former Chairman Punjab & Sind Bank), Dr. Amarjit Chopra- (Director, Tata Power Trading, Member BoG, MDI Gurugram Former President, Institute of Chartered Accountants of India, Member NFRA & Ex Chairman, NACAS)- Online, Mr. Sushil Agarwal (Chairman & Managing Director Avro India Ltd.), Dr. Dinesh Tyagi, IAS (Retd.) (Chairman SODES), Mr. Sumit Mathur (Director Gen AI-NatWest Group), Prof. (Dr.) Nandita Bhan, Professor & Vice Dean (Academics- JSPH), Dr. Chavi Asrani, (Associate Professor-JSBF), Prof. Mayank Dhaundiyal (Professor & Dean- JGBS), Prof. Dayanand Pandey (Professor & Dean- JSBF) and Prof. R. Sudarshan (Professor & Dean- JSGP).

It was noted that AI-powered automation is gradually transforming how industries operate, creating new opportunities for safer and more efficient workflow. This also comes with a greater demand for roles that require digital and technical skills. At the same time, these shifts can displace routine jobs and widen skill gaps, especially for smaller firms, including MSME’s, that struggle to adopt new technologies. The challenge is to use AI to boost productivity while helping workers adapt through reskilling and ensuring that the benefits are shared across the manufacturing workforce.

The second panel was on AI and Human Capital in Healthcare, Education, Legal Education, IT & IT enabled Services. It examined how AI-driven automation and analytics are reshaping employment, skills, and the structure of the services sector – particularly areas such as education (STEM & Liberal Arts), legal education & services, IT-Enabled Services (ITES), e-governance, public services and healthcare services. The panel discussed the impact of AI on the manufacturing sector wherein AI-enabled robotics, intelligent automation as well as data-driven production systems are changing workforce requirements. The panel would explore technological shifts across both services and manufacturing sectors are redefining job roles, skill needs, and organizational practices, and what this means for the future of human capital in an AI-integrated economy.

The participants were Dr. Abhilasha Gaur (CEO-NASSCOM IT-ITeS SSC), Mr. NSN Murty (Partner & Leader, Government and Public Services, Technology and Transformation, Deloitte India), Mr. Sanjay Kumar Rakesh, IAS (Former Addl. Chief Secretary, Govt. of Tripura, Ex. Jt. Secretary, MeitY, Govt of India), Prof. (Dr.) Nitesh Bansal (Professor & Vice Dean JSPH, Dean OOPSS), Mr. Sandeep Arora (Vice President- Capgemini), Mr. Akashdeeep (IPoS-Post-Master General- India Post Gurugram Region) and Mr. Satwik Mishra (Public Policy Manager - AI and State Management - Google).

This panel also examined how AI-driven automation and analytics are reshaping employment, skills, and the structure of the services sector – particularly areas such as education (STEM & Liberal Arts), legal education & services, IT-Enabled Services (ITES), e-governance, public services and healthcare services.

The deliberations were looking at substantial outcomes and aimed to create a platform for dialogue among policymakers, industry leaders, experts, technologists, and academics to discuss the evolving landscape of AI. It involved dialogue and analysis of how to put human capital at the centre of India’s AI journey towards Viksit Bharat @ 2047, facilitate an open exchange of perspectives on ethical, legal, and economic challenges posed by AI on human capital in primary, manufacturing and tertiary sectors, deliberate on strategies for equipping India’s workforce to adapt to the AI-driven economy, with a focus on reskilling, education, and inclusion. The discussants also explored global approaches to skill development of human capital due to the introduction of AI, from the EU to the U.S & draw insights relevant for India and to encourage multi-stakeholder collaboration, ensuring that governance models are not only legally sound but also socially responsible and technologically feasible while also enabling an exchange of viewpoints on building India as a global AI hub and exporter of talent to help India being the first mover in AI-integrated education and a global benchmark in AI skilling and research.

(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

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