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
    Congress slams govt for agreeing to trade deal after US Supreme Court strikes down Trump's tariffs
    Refunds may be available on some tariffs applied to goods from India: US Chamber of Commerce after SC ruling
    What to know about the Supreme Court ruling on tariffs
    Trump's made tariffs central to his presidency, chaos may come next
    The Supreme Court struck down some of Trump's most sweeping tariffs; Which levies are impacted?
    'Walking away' from recent deals does not seem to be in cards for America's partners: Ex-trade official
    Exporters hail US Supreme Court's decision on Trump tariff
    Trump has other tariff options after Supreme Court strikes down his worldwide import taxes
    SC ruling on Trump's tariffs: Judge refers to tariffs imposed on India for buying Russian oil in dissenting note
    EU, US trade deals to boost Indian economy; growth resilient: RBI bulletin
    Supreme Court strikes down Trump's sweeping tariffs, upending central plank of economic agenda
    India’s macroeconomic fundamentals healthy, robust amid volatile financial markets: RBI guv
    Former Jaypee Infratech MD Manoj Gaur surrenders in Delhi's Tihar Jail
    Current policy rate appropriate amid buoyant eco growth, benign inflation: RBI Guv
    FTAs to play significant role in coming years by improving market access: RBI bulletin
    Sensex rebounds 316 pts, Nifty ends above 25,550; banks, metal stocks lead recovery
    India's forex kitty jumps USD 8.66 bn to record USD 725.72 bn
    India joins US-led 'Pax Silica' alliance to bolster AI and critical minerals supply chains
    Union Minister of Commerce and Industry Shri Piyush Goyal Launches Export Promotion Mission to Boost MSME Exports and Strengthen Global Competitivenes...
    Production Linked Incentive Scheme with ₹1.91 Lakh Crore Outlay Drives Strong Industry Participation Across 14 Strategic Sectors
❯❯
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 21, 2026
Show AI Summary
Judicial review of emergency tariff powers restores congressional tariff authority, affecting recently announced India-US trade concessions.
The US Supreme Court struck down President Trump's global tariffs imposed under emergency powers, finding tariff authority lies with Congress, thereby removing the legal basis for those sweeping reciprocal tariffs. Indian opposition leaders contend that a recently announced India-US trade framework contained concessions extracted while the tariffs were assumed valid, and they seek clarity on whether those commitments-covering tariff eliminations, import targets, energy sourcing, and non tariff barrier commitments-will persist or be revisited following the judgment.
February 20, 2026
Show AI Summary
IEEPA authority invalidated - certain IEEPA based tariffs now refundable to importers who directly paid them.
IEEPA based tariffs were deemed impermissible, allowing refunds only to US importers of record or consignees who directly paid tariffs. Eligible tariffs include IEEPA imposed levies commonly termed fentanyl, trafficking, reciprocal or baseline tariffs, including certain tariffs on goods from Brazil and India. Refunds exclude duties imposed under other statutory authorities such as anti dumping, countervailing, trade remedy or national security provisions. The administrative procedure and timing for claims remain uncertain pending further court and executive guidance.
February 20, 2026
Show AI Summary
Presidential emergency powers limited: IEEPA cannot be used to impose broad import tariffs, leaving refund questions open.
The Supreme Court concluded that the International Emergency Economic Powers Act does not authorize the president to impose broad import tariffs, stressing that authority to levy taxes and tariffs rests with Congress and that longstanding practice shows such power has not been exercised under IEEPA. The opinion invalidates tariffs enacted under emergency proclamations while leaving untouched tariffs based on other statutory grounds, and it leaves unresolved whether and how refunds should be returned to importers who paid the challenged levies.
February 20, 2026
Show AI Summary
Presidential emergency tariff power invalidated, forcing alternative legal routes and prolonging trade and political uncertainty.
The Court held the president lacked authority to declare an economic emergency and impose sweeping import tariffs, removing an executive legal basis for those tariffs and forcing the administration to pursue alternative statutory mechanisms, which will prolong legal and political debate over trade policy.
February 20, 2026
Show AI Summary
IEEPA authority curtailed: major emergency based tariffs invalidated, leaving sectoral trade measures and exemptions intact.
The President exceeded statutory authority by invoking IEEPA to impose broad import tariffs, nullifying core emergency based levies. Affected measures include the wide ranging "Liberation Day" tariffs, trafficking justified duties on Canada, Mexico and China, Brazil linked duties, and India related levies tied to Russian oil purchases. The decision removes the IEEPA route for economy wide tariffs but leaves intact sectoral and statute specific tools that continue to impose tariffs on selected industries and products.
February 20, 2026
Show AI Summary
IEEPA authority struck down; partners unlikely to abandon recent tariff deals, administration to rely on other statutes.
The Supreme Court invalidated reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, finding IEEPA does not authorize such duties. Observers anticipate the Administration will instead invoke clear congressional tariff statutes and that trading partners who made recent deals are unlikely to withdraw them, having expected alternative statutory mechanisms to keep tariffs in place.
February 20, 2026
Show AI Summary
Emergency-powers tariff invalidation restores trade predictability for exporters, but sectoral steel and aluminium duties remain in force.
The US Supreme Court invalidated country-specific reciprocal tariffs imposed under emergency powers, restoring predictability for exporters and enabling importers to seek refunds for duties paid under the invalidated regime, while separate sector-specific duties on steel, aluminium and certain auto components remain in force.
February 20, 2026
Show AI Summary
Tariff authority options: multiple statutory pathways remain for imposing import duties despite limits on emergency powers.
After the court rejected the administration's emergency-based authority for sweeping reciprocal tariffs, the president can still impose import duties using alternative statutes: the Trade Act unfair-practices authority permitting unlimited tariffs after investigation and hearings; the Trade Act provision for addressing unbalanced trade that allows time-limited tariffs without prior investigation but is untested; the national-security tariff authority under the Trade Expansion Act which requires Commerce investigations; and a rarely used Tariff Act depression-era authorisation that allows very high, indefinite tariffs without investigation.
February 20, 2026
Show AI Summary
IEEPA authority questioned as tariffs ruled unauthorized; dissent stresses tariffs' foreign affairs leverage, including India example.
The decision holds that the International Emergency Economic Powers Act does not authorize the imposition of import duties, rejecting the use of IEEPA as a statutory basis for tariffs; a dissent argued such tariffs fall within foreign affairs practice, serve as leverage in international negotiations, and cautioned against applying a major questions constraint to executive statutory authority in national security and diplomatic contexts.
February 20, 2026
Show AI Summary
Trade deals improve market access and spur investor confidence, supporting growth and fiscal consolidation momentum.
Trade agreements with the EU and an interim US deal are expected to improve market access, boost export competitiveness, and reverse investor sentiment with renewed foreign portfolio investment into equity and debt. Fiscal consolidation alongside stepped up capital expenditure aims to crowd in private investment and support state infrastructure. Concurrently, the Reserve Bank recorded consecutive spot market dollar sales amid rupee volatility and capital flow intermittency, while inflation is expected to remain near target, sustaining a favourable near term growth-inflation balance.
February 20, 2026
Show AI Summary
Emergency powers limits curb broad presidential tariffs, invalidating sweeping reciprocal trade measures and reshaping trade policy authority.
The Supreme Court found that tariffs enacted under asserted emergency statutory powers-including widely applied reciprocal tariffs-exceeded the President's lawful authority, clarifying statutory limits on unilateral tariff measures and signaling judicial constraints on executive use of emergency powers for sweeping trade regulation.
February 20, 2026
Show AI Summary
Repo rate decision maintains neutral monetary stance as growth outlook brightens while inflation risks remain monitored.
The Monetary Policy Committee held the repo rate steady and retained a neutral stance, finding the current policy rate appropriate amid buoyant growth and broadly benign inflation. Members cited healthy medium term macroeconomic fundamentals and improving external outlook driven by trade agreements and fiscal measures, while noting persistent global volatility and risks to inflation. The MPC emphasized ongoing transmission of prior easing, awaited new GDP and inflation data series, and reaffirmed readiness to reassess policy as fresh data emerge.
February 20, 2026
Show AI Summary
Money laundering allegations prompt former MD to surrender to custody after interim bail term expires in fraud-linked probe.
Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail.
February 20, 2026
Show AI Summary
Policy rate maintained as appropriate: neutral monetary stance justified by buoyant growth and benign inflation.
The Monetary Policy Committee voted to maintain the existing policy repo rate and retain a neutral stance, finding the current policy rate appropriate given buoyant growth and benign inflation. The Governor noted healthy medium term macroeconomic fundamentals, while the Deputy Governor cited upward revisions to near term growth projections and incomplete transmission of earlier rate cuts as reasons to defer further easing until new GDP and inflation series data are available.
February 20, 2026
Show AI Summary
Free trade agreements improving market access and export competitiveness, prompting investor confidence and supporting growth policy.
Free trade agreements with the EU and an interim pact with the US are expected to improve market access, enhance export competitiveness, and deepen Indian firms' integration into global value chains; this expectation has altered investor sentiment, prompting a return of foreign portfolio investment, while the Union Budget stresses fiscal consolidation alongside stepped up capital expenditure, and headline inflation remains benign under the revised CPI series.
February 20, 2026
Show AI Summary
Market rebound driven by banking and metal stock buying as trade deal signals and supply chain shifts lift sentiment.
Equity markets rebounded with strong buying in large-cap banking and metal stocks restoring benchmark indices to positive territory after a sharp correction. Broad sector participation favored Power, PSU Banks, Utilities, Capital Goods and Metals, while IT lagged. Sentiment was supported by trade-agreement signals and India's participation in Pax Silica, enhancing supply chain security for AI and semiconductors, even as elevated volatility and recent institutional net selling influenced near-term flow-driven moves.
February 20, 2026
Show AI Summary
Foreign exchange reserves rise to record level after gains in foreign currency assets and gold, RBI data shows
India's foreign exchange reserves rose to USD 725.727 billion in the week ended February 13, driven by increases in foreign currency assets (up USD 3.55 billion to USD 573.603 billion) and gold reserves (up USD 4.99 billion to USD 128.466 billion); SDRs increased by USD 103 million to USD 18.924 billion and the IMF reserve position rose by USD 19 million to USD 4.734 billion, with dollar reporting reflecting valuation effects of non US currency movements.
February 20, 2026
Show AI Summary
Supply chain security for critical minerals and AI strengthened as partners commit to trusted, diversified industrial cooperation.
India joined Pax Silica to build a resilient, trusted supply chain for critical minerals and AI, addressing over concentration and risks of economic coercion. The declaration commits partners to coordinated cooperation across the value chain-from raw materials and mineral processing through semiconductors and AI infrastructure-emphasising diversification, trusted industrial bases, workforce development, and a pro innovation approach that treats economic security as national security.
February 20, 2026
Show AI Summary
Export Promotion Mission expands MSME trade support with export factoring, e commerce credit and compliance facilitation.
The Export Promotion Mission deploys coordinated financial and ecosystem measures-under Niryat Protsahan and Niryat Disha-to strengthen MSME export competitiveness by reducing cost of capital, diversifying trade finance through export factoring and structured e commerce credit with interest subvention and partial guarantees, and by enhancing compliance capabilities, overseas warehousing, logistics reimbursements and trade intelligence to facilitate market entry and integration.
February 20, 2026
Show AI Summary
Production Linked Incentive scheme links incentives to incremental domestic production, deepening localisation and strengthening manufacturing competitiveness.
The Production Linked Incentive (PLI) Scheme links financial incentives to incremental domestic production over a defined base year, incentivising scale, technology adoption and domestic value addition across 14 strategic sectors. Operative approvals and performance metrics channel payments to approved applicants to deepen localisation, expand manufacturing capacity and integrate with global value chains; reported outcomes as of 31 December 2025 include 836 approved applications, cumulative rises in investment, production, exports, employment and disbursed incentives.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

'Yield', 'authenticate' and 'leave': Jargons swell Parliament's 'Well'

February 11, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Feb 11 (PTI) "Yield" does not mean profit or a farm produce here, "leave of the House" is not actually leaving it, there is no water in its "well", "zero hour" does not refer to the midnight or start of an operation, and "authenticating" is not as simple as self-attesting a document.

Jargons are flowing thick and fast during the ongoing fiery Budget Session of Parliament, where everyone speaking is not a "Speaker" and speeches given in response to the Union Budget, or the President's Address before that, is not a "reply".

Some MPs have agreed to "yield", some did not. Some have asked for the "authentication" of documents being quoted, to which some agreed and some did not. Quite often, opposition MPs thronged the "well", but there has been no occasion for a "division" so far.

Here is a primer on what these and a few more parliamentary jargons mean: Authentication: An MP is required to authenticate any document being quoted by giving it in writing to the Speaker or Table of the House. He or she needs to mention that they stand by what is being quoted and they verify the content of the document being quoted. Thereafter, the Speaker can allow or disallow it, though the government can later propose an action if the "authenticated" document is not found to be correct.

Table of the House: In the pit of the two Houses of Parliament, just in front of the table of the Secretary-General, lies the Table of the House.

This is where the papers required to be laid on the Table of the House are formally placed.

Table office outside the Lok Sabha or Rajya Sabha chamber is also considered an authentic source of which Bill, statement or report was tabled in the House.

Well: It is the space between the seating areas for MPs and the high chair of the Speaker in case of the Lok Sabha and the Chairman in the Rajya Sabha.

Speaker: Speaker is the principal presiding officer of the Lok Sabha. He is chosen by the House from among its members by a simple majority of members present and voting. Within the walls of the House, his authority is supreme.

Leave of the House: It is the formal approval given by the House to a member to move a motion or withdraw the same. A member can seek the leave of the House only after he or she has been permitted to do so by the Speaker. The member is required to rise in his or her place and ask for the leave. After the leave is granted, the member cannot withdraw the motion without the permission of the House.

Yield: "Yielding" or "yielding the floor" refers to a member agreeing to stop speaking to allow another member to speak. It is meant to allow interruptions in an orderly manner. However, the speaker has an option not to give way or yield and go on with his or her speech, if the interruption is not for raising a point of order or with the permission of the Chair.

Point of Order: Any member can bring to the Chair's notice any instance of what he or she considers a breach of order or a transgression of any written or unwritten rule or convention of the House. In such cases, a member is allowed to interrupt proceedings of the House by rising and saying, "On a point of order, Mr Chairman/Speaker" and then state the point in question.

It is up to the presiding officer to accept or reject the said point of order.

The member raising a point of order has to specify the rule under which he or she seeks direction of the Chair.

Reply: Whenever a debate takes place, whether in response to the President's Address, Union Budget or a Bill, proportionate time is allocated to members from various parties. However, the speeches made by all the MPs are not called "replies". It is only the last speech that is called a "reply", which is given by the concerned minister in case of the Budget or Bills, and by the Prime Minister in case of the President's Address or a no-confidence motion.

Zero Hour: It is an Indian parliamentary innovation and started in its first decade when it was felt that there should be some allocated time for MPs to raise issues of public importance, related to their constituencies or to the nation, without any advance notice. Generally, it starts at 12 noon and continues till 1 pm before the House adjourns for lunch, but there have been occasions when the Zero Hour has been held at other hours, besides 12 noon.

Division: Division is ordered by the Chair when his opinion on the question just decided by voice vote is challenged by members who demand a division.

It involves casting and counting of votes by the members present in the House. Once the division is ordered, lobbies need to be cleared by non-members and then electric bells are rung in the entire Parliament complex to alert those MPs present there, so that they can rush to the House to record their votes. Once the bells stop ringing, all entrances to the lobby are closed and there cannot be further entry or exit of members from these entrances. PTI BJ RUK RUK

Topics

Acts Income Tax