Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Kanpur Lamborghini crash adds to long list of luxury car accidents in India
    Rupee falls 1 paisa to close at 90.66 against US dollar
    ED constitutes SIT to probe multiple cases against Anil Dhirubhai Ambani Group
    RBI amends MSME lending directions, increases collateral-free loan limit to Rs 20 lakh
    AAP's Raghav Chadha demands LTCG tax be abolished, inflation-linked wage hike for all
    Discontinuation of RDG may force Himachal to roll back subsidies, freeze DA/DR arrears
    Torres fraud: Mumbai court denies bail to Ukrainian actor citing flight risk
    Lamborghini crash in Kanpur: Tobacco baron's son to undergo medical exam, no arrests yet
    Over 47 lakh members getting less than Rs 9,000 monthly pension under EPS-95: Labour Min
    ED seizes crypto currency worth Rs 10 lakh in raids against fake Ahmedabad call centre
    India prioritises energy security through supply diversification: Foreign Secretary Misri amid US claim
    Commerce minister Goyal to meet exporters, industry associations on Feb 11
    SUPREME COURT HIGHLIGHTS
    Opposition likely to give notice for resolution to remove LS Speaker Birla from office
    Delhi Police files FIR over circulation of ex-chief of Army staff Narvane's unpublished book
    Bank can extend collateral free loan up to Rs 25 lakh to MSEs with good track record
    Pakistan will invest USD 1 bn in AI by 2030: PM Shehbaz
    India offers quota-based auto duty cuts, tariff reduction on alcohol under US trade pact
    Rahul indulging in systematic disruption of parliamentary proceedings: BJP
    National interest will be guiding factor: Foreign Secretary Misri on India's energy procurement
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
February 9, 2026
Show AI Summary
Luxury car crashes causing injuries and deaths highlight overspeeding, drunk driving, and charges from rash driving to culpable homicide.
A pattern of high speed luxury car collisions in India has produced injuries and deaths, prompting police arrests, FIRs, vehicle seizures and charges ranging from rash and negligent driving to culpable homicide; contributory factors cited include overspeeding, drunk driving, seat belt noncompliance and incidents involving drivers linked to affluent families, with at least one case raising juvenile trial issues and widespread public outrage over perceived impunity.
February 9, 2026
Show AI Summary
Rupee volatility driven by importer dollar demand and an India-US interim trade framework reducing bilateral import duties.
Rupee volatility reflected competing forces-equity gains and foreign inflows versus risk-off sentiment and importer-driven dollar demand-set against an India-US interim trade framework reducing bilateral import duties and signalling large Indian purchases of US goods, with broader context from reserve gains, equity inflows, and commodity price movements.
February 9, 2026
Show AI Summary
Anil Ambani Group alleged Rs 40,000 crore banking and corporate fraud is being probed under money laundering provisions.
A specialised investigative team has been constituted to probe alleged Rs 40,000 crore banking and corporate fraud by the Anil Dhirubhai Ambani Group under the Prevention of Money Laundering Act, with authority to file additional Enforcement Case Information Reports, examine alleged diversion of public funds and dubious financial transactions, and pursue asset attachment and restitution arising from suspected collusion, connivance and conspiracy among company executives.
February 9, 2026
Show AI Summary
MSME lending: collateral-free loan limit raised to Rs 20 lakh; banks may extend to Rs 25 lakh under internal policy.
RBI amended the Master Direction on MSME lending to raise the collateral-free loan limit for micro and small enterprises to Rs 20 lakh, mandating banks not accept collateral for loans up to that amount and advising the same limit for PMEGP units. Banks may, under internal policy and based on borrowers' track record and financial position, dispense with collateral up to Rs 25 lakh and may use Credit Guarantee Scheme cover where applicable; voluntarily pledged gold and silver within the threshold will not breach the mandate. The amendments aim to strengthen last mile credit delivery and align MSME lending with other regulatory changes.
February 9, 2026
Show AI Summary
LTCG tax abolition proposed for individual investors and a statutory inflation-linked wage adjustment urged.
Demand to abolish Long-Term Capital Gains tax for individual equity investors, arguing that pairing an elevated Securities Transaction Tax with LTCG disincentivises retail investment and that LTCG should be nil when STT is raised; also urging a statutory, inflation-linked wage adjustment formula for corporate, factory and gig workers, alongside proposals to address foreign portfolio investor outflows, increase public healthcare spending, and implement a blockchain-based land and property registry.
February 9, 2026
Show AI Summary
Himachal Pradesh finances face cuts: rollback of subsidies, staff reductions, and pension migration to plug a major revenue shortfall.
Discontinuation of the Revenue Deficit Grant would create a fiscal shortfall-eliminating a funding source equal to 12.7% of the budget-and compel measures such as rolling back subsidies, abolishing long vacant posts, downsizing institutions, halting pay revisions, and migrating from the Old Pension Scheme to the Unified Pension Scheme to unlock borrowing, while causing inability to meet pay/pension arrears, DA/DR installments, and other liabilities.
February 9, 2026
Show AI Summary
Ukrainian actor in Torres investment fraud case denied bail due to alleged large scale scheme and flight risk.
The accused is alleged to have participated in a criminal conspiracy under Platinum Hern Pvt Ltd's Torres scheme, a combination of Ponzi and MLM operations that collected Rs 148.89 crore from 14,964 investors by promising immediate and weekly returns on investments in moissanite, gold and diamonds. The court denied bail citing the nature, gravity and magnitude of the offence, ongoing related investigations with other registered crimes, absconding principal accused, and a real risk of the accused fleeing or tampering with prosecution evidence.
February 9, 2026
Show AI Summary
Lamborghini crash in Kanpur: medical exam to assess fitness to drive; FIR filed, vehicle seized and investigation ongoing.
Police registered an FIR against an unidentified driver for rash and negligent driving after a Lamborghini crash that injured six; the car was seized and sent for mechanical inspection, CCTV is being analysed to determine speed, and the suspected driver will undergo medical tests to assess whether epilepsy or another condition contributed, with subsequent scrutiny of driving licence issuance and RTO procedures if medical unfitness is found.
February 9, 2026
Show AI Summary
EPS-95 pensioners: 47.04 lakh receive under Rs 9,000 monthly; minimum pension remains Rs 1,000 via budget support.
EPS-95 is a Defined Contribution-Defined Benefit scheme funded by employer contributions of 8.33% of wages and a central government contribution of 1.16% on wages up to Rs 15,000; all benefits are paid from the Employees' Pension Fund. Currently 47.04 lakh of 82.11 lakh active pensioners receive less than Rs 9,000 monthly, and the government provides a minimum pension of Rs 1,000 per month through budgetary support in addition to the 1.16% contribution. The fund is valued annually under paragraph 32 to determine long term viability and account for future liabilities.
February 9, 2026
Show AI Summary
Enforcement action seizes crypto and cash from Ahmedabad call centre that coerced victims into gift card payments.
Enforcement action targeted an Ahmedabad call centre that coerced foreign victims into gift card and digital payments, converted proceeds into cryptocurrency via online platforms with assistance from foreign nationals, and laundered most funds through cash, crypto and informal channels; investigators seized cryptocurrency (~USD12,000), unaccounted cash (Rs13.5 lakh), documents and devices, froze 31 bank accounts and a locker, and transferred seized crypto to an agency wallet for investigation.
February 9, 2026
Show AI Summary
India energy procurement prioritises diversification and national interest; companies make market-based sourcing choices for secure, affordable supply.
India's energy procurement policy is guided by national interest and operationalised through supply diversification to ensure adequate availability, fair pricing, and reliability of supply; oil companies make sourcing decisions based on market conditions, assessing availability, risks, costs, logistical and financial factors alongside internal accountability and fiduciary responsibilities.
February 9, 2026
Show AI Summary
Commerce minister meeting exporters to discuss US tariff reductions and EU FTA implications for export sectors.
A ministerial consultation will discuss a US framework reducing reciprocal tariffs on Indian goods from 25% to 18% and the removal of previously imposed 25% punitive tariffs, in the context of concluded negotiations with the European Union and sectoral impacts on textiles, leather and footwear, and gems and jewellery.
February 9, 2026
Show AI Summary
Digital fraud, electoral roll revisions, and restrictions on animal sacrifice were addressed with directives and procedural orders.
Procedural and supervisory actions include directing courtroom assault allegations to senior judicial administration, deferring appellate review of a competition law penalty, setting aside an interim stay on relocating an administrative commission, ordering expedited out of turn hearing of a conviction challenge, refusing to cancel bail in a medical negligence prosecution, upholding prohibition on animal sacrifice with limited prayer rights at a religious site, protecting electoral roll revision from impediments, and directing the central administration to draft a multi stakeholder SOP to tackle large scale digital financial fraud.
February 9, 2026
Show AI Summary
Lok Sabha Speaker removal notice proposed over disallowing opposition speeches, suspension of MPs, and alleged unaddressed allegations.
Opposition parties are preparing a notice under Article 94-C to move a resolution for the removal of the Lok Sabha Speaker for disallowing the Leader of the Opposition and others from speaking on the Motion of Thanks and for the suspension of eight opposition MPs; over 100 MPs have signed the draft notice, and opposition leaders have sought revocation of the suspensions and permission to debate, while the Speaker said he would consult the government before responding.
February 9, 2026
Show AI Summary
Unpublished military memoir circulated online prompts FIR and Special Cell probe into unauthorized pre-release distribution.
An FIR alleges unauthorized circulation of a pre-print copy of an unpublished book by the former Chief of Army Staff after a PDF and finished cover image surfaced online without required clearance; the case has been registered with the Special Cell to investigate the purported leak or breach, identify the source, and examine distribution via social media and online platforms.
February 9, 2026
Show AI Summary
Banks may extend collateral-free loans up to Rs 25 lakh to MSEs based on their track record.
Banks may dispense with collateral for loans to Micro and Small Enterprises up to a base limit of Rs 20 lakh and, based on the MSE unit's good track record and financial position, increase that dispensation up to Rs 25 lakh under their internal policy; banks may use Credit Guarantee Scheme cover where applicable and accepting voluntarily pledged gold and silver for loans within the collateral-free limit will not breach the mandate. The amended lending directions become effective April 1, 2026.
February 9, 2026
Show AI Summary
Pakistan will invest USD 1 billion in AI by 2030 to build an AI ecosystem and scale education and workforce training.
The government committed USD 1 billion to build a national AI ecosystem by 2030, to be supported by an AI curriculum rollout in federally run schools and in Pakistan occupied Kashmir and remote Balochistan, 1,000 fully funded PhD scholarships in AI by 2030, and a nationwide program to train one million non IT professionals in AI skills to expand research capacity and workforce upskilling.
February 9, 2026
Show AI Summary
India-US trade pact grants quota-based auto duty cuts and tariff reductions, expanding preferential market access for key sectors.
The pact calibrates tariff concessions and quota mechanisms to grant reduced or zero duties on specified industrial and agricultural exports, using immediate and phased eliminations, tariff reductions, margins of preference and Tariff Rate Quotas for sensitive items; automobiles, medical devices and electric vehicles are managed through quotas, phased schedules or exclusions, while select agricultural products receive zero additional duty and highly sensitive items remain exempt.
February 9, 2026
Show AI Summary
Rahul Gandhi accused of systematic disruption of parliamentary proceedings and undermining constitutional institutions, BJP says.
BJP accuses Rahul Gandhi of systematic disruption of parliamentary proceedings and deliberately undermining constitutional institutions by obstructing sittings, evading substantive debate, and converting Parliament into a political battleground. The party cites obstruction of the President's Address, tearing papers at the Speaker's chair, heckling, absences from Budget debates, and alleged foreign contacts and remarks as illustrative conduct, framing these acts as demonstrating disregard for democratic norms and parliamentary decorum.
February 9, 2026
Show AI Summary
India's energy procurement will be guided by national interest, keeping multiple and diversified crude oil supply sources.
National interest will be the determinative principle for India's energy procurement, with policy emphasising the maintenance of multiple suppliers and diversification of crude oil sourcing to ensure stability and security; sourcing decisions will be taken based on assessed national interests.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

End of Thackeray-era, BJP's Ritu Tawde set to become Mumbai mayor in unopposed contest

February 7, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Mumbai, Feb 7 (PTI) BJP's Ritu Tawde is all set to become the mayor of Mumbai and the party's first in four decades after Shiv Sena (UBT) decided against fielding a challenger, making the contest unopposed and ending the Thackeray family’s 25-year dominance over the richest civic body.

Though largely ceremonial, the mayor’s post carries enormous political and symbolic significance in Mumbai’s identity-driven politics. Tawde’s elevation marks the BJP’s return to the post after 44 years, the last being Prabhakar Pai in 1982–83.

On the final day of filing nominations, the Eknath Shinde-led Shiv Sena, a BJP ally in the ruling Mahayuti, named Sanjay Ghadi as its candidate for deputy mayor. The party announced that the deputy mayor’s term would be split, allowing four or more corporators to serve during the tenure.

Tawde's elevation means the Uddhav Thackeray-led Shiv Sena will not be able to occupy the mayor's post after 25 years. The undivided party controlled the BMC from 1997 to 2022.

The Mumbai mayoral election is scheduled for February 11, which is the last day to withdraw the nominations.

Tawde and Ghadi filed their nominations at the municipal secretary's office in the presence of Minister Mangal Prabhat Lodha, BJP's Mumbai unit chief Ameet Satam, former Shiv Sena MP Rahul Shewale, and other leaders of Mahayuti.

A senior BMC official told PTI that they have received just one nomination from BJP's Tawde for the mayor’s post and another from Ghadi for the deputy mayor's post before the 6 PM deadline for filing nominations.

Although opposition parties have not filed nominations, the Mayoral election process will be completed as per procedure on February 11.

According to a draw of lots by the Urban Development Department, the Mumbai mayor's post became reserved for a woman candidate from the open category.

Tawde, a corporator from suburban Ghatkopar, told media persons that a safer and developed Mumbai is her vision. She wanted to work for the citizens of Mumbai, which is a cosmopolitan city.

Uddhav Thackeray-led Shiv Sena (UBT) was expected to file a nomination against the BJP candidate, but decided against it after a meeting was convened at Thackeray's residence.

Former Mayor and Shiv Sena (UBT) leader in the BMC, Kishori Pednekar, described the development as a victory of Marathi manoos.

"The BJP had to accept that Marathi manoos is a Hindu. If the mayor of Mumbai is Marathi manoos, we won't do anything that amounts to a bad omen. Our victory in the elections was for Marathi manoos. We have accepted the arithmetic and will play the role of a strong opposition and fight for Mumbai," she said, adding that we are committed to whatever is good for Mumbai.

The Sena (UBT) had raised the emotive "Marathi identity" plank in last month's Brihanmumbai Municipal Corporation elections, where the party had allied with MNS. However, the BJP and Shiv Sena, led by Shinde, emerged victorious.

The BJP emerged as the single largest party in the 227-member BMC by bagging 89 seats, while Shiv Sena won 29 seats.

The ruling alliance, with a combined strength of 118 corporators, is well past the halfway mark of 114 and is well-placed to secure the posts of mayor and deputy mayor.

In the Opposition camp, the Sena (UBT) secured 65 seats, while its allies, the Maharashtra Navnirman Sena (MNS) and the Nationalist Congress Party (SP) won six and one seat, respectively.

Ritu Tawde, who was earlier with the Congress, joined the BJP in 2012 and was elected as a corporator the same year.

During her first term as a member of the BMC, she chaired the Education Committee and was actively involved in raising issues related to local infrastructure, water supply, and public safety.

The corporator from Ghatkopar East (ward 132) was in the limelight during her last tenure for raising the issue of objectionable clothes on mannequins in shops.

Ghadi, a Shiv Sena corporator from Ward number 5, will serve as deputy mayor for 15 months, party secretary Sanjay More said.

He had defected from Sena (UBT) to join the Eknath Shinde-led Shiv Sena.

Addressing a press conference earlier in the day, BJP's Satam said Mumbai is set to get a BJP mayor after 44 years.

BJP's Prabhakar Pai had served as the city mayor in 1982-83.

Satam said the ruling Mahayuti would work to free the BMC from the clutches of corruption.

"Everyone has the freedom to file nomination papers. We have the backing of 118 corporators and the support of more members," he said.

He said the Mahayuti had asserted from day one that Mumbai's mayor would be a Marathi and a Hindu, pointing out that the city will now get "a Marathi, Malvani, Konkani and Hindu mayor".

Satam said the Shiv Sena may have kept the deputy mayor's tenure for 15 months to give opportunities to more party workers.

Reacting to Tawde's nomination, the NCP (SP) said picking a Congress turncoat as the mayor of Mumbai was an insult to the BJP's loyal and experienced corporators.

NCP (SP) spokesperson and secretary Clyde Crasto said the decision has sent a wrong message to BJP workers, who toiled for years to strengthen the party at the grassroots level.

"By choosing a former Congresswoman as mayor, the BJP has insulted its own faithful and loyal corporators who have given their blood, sweat and tears for the party," he said in a statement.

In the January 15 Mumbai civic elections, the Congress won 24 seats, AIMIM eight, the NCP, led by the late Ajit Pawar, three, and the Samajwadi Party two. Two Independent candidates also won in the high-stakes election, held after a nine-year gap.

The BMC commissioner has been serving as the state government-appointed administrator since March 7, 2022, following the end of the previous term.

The BMC is the country's richest civic body, with its budget for the 2025-26 pegged at Rs 74,450 crore, which is higher than that of some smaller states. PTI KK PR MR ARU NP PTI KK PR MR ARU NP NSK

Topics

Acts Income Tax