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
    Tina Ambani skips ED summons for second time
    J&K records Rs 24,080.79 cr GST collection in three years, gets Rs 15,795.13 cr IGST share: CM
    The cumulative exports (merchandise & services) during April-January 2025-26 is estimated at US$ 720.76 Billion, as compared to US$ 679.02 Billion in ...
    Assam govt tables Rs 62,294.78 cr interim budget for FY'27
    Finance Minister tables Interim Budget, alleges Centre attempts creating 'fiscal crisis' for TN
    India engaging global partners more intensively, says Jaishankar; cites recent trade deals
    Exports inch up 0.61 pc in Jan; trade deficit widens to 3-month high
    Tina Ambani may appear before ED on Tuesday for questioning in money-laundering case
    PM Modi 'surrendered' before Trump; farmers' interests, energy security sacrificed: Cong
    Indian team to visit US next week to finalise legal text for interim trade pact: Comm Secy
    VHP slams Karnataka minister Priyank Kharge for 'money laundering' comment on RSS
    Fintech Platform Endl Secures 1.5 Million Dollar Investment to Scale Global Payment Infrastructure
    Delhi court notices against Videocon Group founder Dhoot, 12 others in bank fraud case: ED
    Indian team to visit US next week to finalise legal text for interim trade pact: Commerce Secretary
    IDFC FIRST Bank launches FD backed Hello Cashback Credit Card with up to 5% Cashback
    Bajaj Finance Offers Instant Personal Loans with Quick and Easy Approval Process
    Exports rise 0.61 pc to USD 36.56 bn in January
    DFS, M/o Finance releases Report titled “Socio-Economic Impact Analysis of Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI...
    Markets rebound nearly 1 pc on buying in power, banking stocks; Sensex jumps 650 pts
    Wholesale price inflation rises to 1.81 pc in Jan
❯❯
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 17, 2026
Show AI Summary
Money laundering probe: Tina Ambani skips ED summons; investigation targets alleged fraudulent foreign remittance and property sale.
Tina Ambani failed to appear for a second ED summons in a PMLA investigation concerning an alleged money trail tied to a Manhattan condominium purchase; she has been issued a fresh notice and will be questioned with her statement recorded under the Prevention of Money Laundering Act. The ED alleges a fraudulent sale of the New York property during a corporate insolvency process and that sale proceeds were remitted via a sham investment arrangement through a Dubai-based entity without the Resolution Professional's knowledge. The agency has arrested a former executive, formed a Special Investigation Team, attached assets, and filed multiple Enforcement Case Information Reports against group companies.
February 17, 2026
Show AI Summary
Goods and Services Tax expansion lifted revenues and IGST settlements, backed by tech-driven compliance and targeted small-taxpayer measures.
GST receipts in the Union Territory rose steadily over three years, with concurrent IGST settlements from the Centre reflecting the destination-based tax design. The unified Goods and Services Tax (GST) regime and technology-enabled compliance (online registration, return filing, refunds, e-way bills) strengthened tax administration and widened the tax base. Administrative measures-Composition Scheme, quarterly returns, QRMP and district Suvidha Kendras-aim to ease compliance for small taxpayers, while sector-specific rate rationalisation and concessional inputs support handicrafts, horticulture and tourism. Remaining issues for small and unorganised producers include compliance burdens and IGST refund delays, which authorities are addressing through simplification and support.
February 17, 2026
Show AI Summary
Exports growth drives trade expansion with larger services surplus despite a widening merchandise trade deficit in estimates.
India's combined merchandise and services exports for April-January 2025-26 are estimated at US$ 720.76 billion, up year on year, while combined imports are estimated at US$ 823.41 billion, producing a wider trade deficit; merchandise exports were US$ 366.63 billion and non petroleum exports US$ 320.94 billion, with services exports driving a services surplus of US$ 180.58 billion for the period.
February 17, 2026
Show AI Summary
Vote on account authorizes provisional state expenditures to maintain services pending a full election year budget.
An interim state budget was presented seeking a vote on account to authorize provisional expenditures for the initial months of the 2026-27 financial year, enabling continuity of government services pending a full budget. The finance minister framed the vote on account alongside reported strong GDP expansion and rising per capita income to contextualize fiscal planning in the election year.
February 17, 2026
Show AI Summary
Fiscal consolidation emphasized as interim budget pledges targeted social and transport allocations while alleging central fiscal bias.
Interim Budget 2026-27 allocates major sums to social security and transport-including a fare free bus travel scheme for women, student bus fares, diesel subsidy, and a Viability Gap Fund-while reporting a large revenue deficit and projecting a Fiscal Deficit targeted to reduce to three percent of GSDP. The estimates set out planned borrowings and repayments as part of debt management. The Minister alleged central actions have intensified Tamil Nadu's fiscal stress, criticised the 16th Finance Commission's recommendations, and urged central approval for pending metro projects.
February 17, 2026
Show AI Summary
Tariff reduction and FTA negotiations signal strengthened trade engagement and strategic economic diplomacy to secure market access.
India is intensifying economic engagement to secure market access through negotiated tariff reductions and the conclusion of substantive negotiations on a proposed free trade agreement, while responding to global shifts that include the use of export controls, market leverage and other measures as instruments of state economic policy.
February 16, 2026
Show AI Summary
Tariffs on Indian goods and ongoing trade agreement adjustments affect export competitiveness and sectoral trade flows.
India's merchandise exports rose slightly while the trade deficit widened as imports-notably gold and silver-surged; sectoral exports were mixed and services exports increased. The piece stresses the disruptive impact of steep tariffs on labour intensive outbound shipments and notes partial tariff removals with further reductions conditioned on a trade agreement. Industry called for a dedicated MSME export policy and a Special Interest Package Scheme to address borrowing cost inconsistencies and support exporters.
February 16, 2026
Show AI Summary
Money laundering inquiry under PMLA prompts summons to Tina Ambani over alleged foreign property transaction and remittance.
Summons under the PMLA require Tina Ambani to appear for questioning and have her statement recorded in a money laundering probe concerning an allegedly fraudulent sale of a foreign condominium during a corporate insolvency resolution process and subsequent remittances routed through a sham investment arrangement; the agency has arrested a former company executive, formed a special investigation team, attached significant assets, and filed multiple ECIRs against group companies.
February 16, 2026
Show AI Summary
Sovereignty in trade agreements: interim India US deal alleged to compromise farmers' livelihoods and national energy security.
The interim India-US trade agreement is alleged to compromise national sovereignty by requiring India to open its agricultural market to duty free US products, remove non tariff trade barriers, and make concessions on subsidies and GM crops, thereby threatening farmer livelihoods, biodiversity and seed purity. The deal is also claimed to jeopardise energy security by obliging India to refrain from buying crude oil from Russia and permitting US monitoring and penalty threats, while raising concerns about digital autonomy and data privacy.
February 16, 2026
Show AI Summary
Interim trade agreement: reciprocal tariff reductions and mutual duty concessions to be finalised through legal text.
An Indian negotiating team will visit the US to translate a previously announced framework into a signed interim trade agreement legal text. Ongoing virtual talks will be advanced to resolve drafting intricacies; tariff and preferential market access measures agreed in the framework will take effect only after the legal agreement is finalised and signed. The discussions cover reciprocal duty concessions, including a US processing of a reciprocal tariff reduction and the sequencing of implementation tied to signature of the legal pact.
February 16, 2026
Show AI Summary
Money laundering allegation against a nationalist organisation denounced as defamatory strategy and political insult to patriots.
VHP condemns a Karnataka minister's claim linking the RSS to money laundering as false, defamatory and a deliberate political strategy to insult patriotic organisations and reduce the speakers' acceptance; it asserts such tactics aim at appeasement and defamation, calls for those who prioritise Hindu interests to hold power for community protection, and warns against exploiting religion for political gain.
February 16, 2026
Show AI Summary
Compliance first stablecoin payments enable regulated cross border payouts and corporate cards for emerging market businesses.
Endl secured pre seed funding to scale a compliance focused, stablecoin centred cross border payments platform offering multi currency accounts, regulated stablecoin rails, fiat stablecoin conversions, corporate cards and treasury services, with investments directed toward regional banking integrations, compliance systems and enterprise security to serve businesses in emerging markets.
February 16, 2026
Show AI Summary
Money laundering notices issued after chargesheet alleging diversion of foreign loan proceeds into non-oil uses.
A special PMLA proceeding alleges systematic diversion of foreign currency loan facilities sanctioned for Mozambique oil and gas assets; loan proceeds were routed via Videocon Hydrocarbon Holdings Ltd and multiple overseas group companies, layered through a complex web of entities, and remitted back to India for non-sanctioned uses including non-oil business expenses, investments and creation of personal and corporate assets, with the ED quantifying the proceeds of crime and a PMLA court issuing notices to thirteen accused following the chargesheet.
February 16, 2026
Show AI Summary
Interim trade agreement: delegation to finalise legal text ahead of expected signing following framework agreement.
An interim trade agreement framework will be converted into operative legal text through bilateral drafting: an Indian negotiating delegation will travel to the United States to finalise the legal agreement while virtual talks continue, moving from a joint statement of contours to definitive treaty language and preparing the instrument for signature.
February 16, 2026
Show AI Summary
FD-backed secured credit: card links credit limit to fixed deposit, with tiered cashback, fee waivers, and FD access.
Introduction of a fixed deposit-backed secured credit card linking credit limit to 100% of an underlying fixed deposit, permitting FD access via ATM withdrawals subject to a withdrawal fee and an interest free window. The card applies a tiered cashback structure with category and monthly caps, includes joining and annual fees with time limited waivers and conditional reversals tied to annual spends, and provides consumer protections such as insurance, purchase protection, lost card liability cover, and surcharge waivers.
February 16, 2026
Show AI Summary
Deposit-taking NBFC registration enables instant digital personal loans with streamlined KYC, quick disbursal, and flexible repayment options.
Bajaj Finance offers an instant digital personal loan delivered via a personal loan app that uses analytics and electronic verification to provide quick eligibility decisions, minimal documentation, OTP mobile verification, online KYC completion, and rapid electronic disbursal to the customer's registered bank account, with flexible tenures, repayment management tools, and features designed to meet diverse consumer financing needs.
February 16, 2026
Show AI Summary
Trade balance worsens as imports outpace exports, prompting elevated trade deficit and revised export projections for the fiscal year.
Merchandise exports rose 0.61% to USD 36.56 billion in January while imports grew 19.2% to USD 71.24 billion, producing a January trade deficit of USD 34.68 billion; April-January exports increased 2.22% to USD 366.63 billion. The Commerce Secretary stated exports in goods and services remain on an upward trend and projected combined fiscal year exports of goods and services are likely to exceed USD 860 billion.
February 16, 2026
Show AI Summary
Incentive Scheme for digital payments increased UPI adoption and expanded payment infrastructure, recommending targeted measures for RuPay uptake.
The report assesses the design, implementation and socio-economic effects of the Incentive Scheme for promotion of RuPay debit cards and low-value BHIM-UPI P2M transactions, noting that structured budgetary support reduced cost barriers, accelerated merchant onboarding, expanded acceptance infrastructure and strengthened the payments ecosystem. Based on primary and secondary research, it finds marked increases in UPI adoption, merchant QR deployment and bank participation, increased user confidence and reduced cash reliance, and recommends targeted measures to deepen RuPay usage, rural penetration, connectivity, digital literacy and fraud mitigation.
February 16, 2026
Show AI Summary
Market rebound as banking and power stocks lead recovery amid global rate-cut expectations and stable currency support.
Equity benchmarks rebounded nearly one percent led by renewed buying in banking and power stocks, reversing a recent decline as large-cap financials and utilities outperformed. The rally was supported by expectations of sustained power demand, improving loan growth and stable bank asset quality. Macro cues-falling US long-term yields, a stable rupee and steady crude oil-added support, while foreign institutional investors were net sellers and domestic institutional investors were net buyers.
February 16, 2026
Show AI Summary
Inflation trends show rising wholesale prices, prompting continued RBI focus on retail inflation for monetary policy.
Wholesale price inflation rose to 1.81% in January due to increases in food articles, non-food articles, textiles and manufacturing subgroups, while fuel and power remained in deflation. Manufactured products and non-food articles recorded higher inflation compared with the prior month. The Reserve Bank of India continues to emphasise retail inflation as the primary indicator for benchmark interest-rate decisions, having reduced policy rates earlier in the fiscal year and subsequently retained key rates.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

BJP govt's budget is shaped by public suggestions: Haryana CM Saini

February 17, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Chandigarh, Feb 17 (PTI) Asserting that the BJP government's budget is the people's budget, which is shaped by public suggestions, Chief Minister Nayab Singh Saini on Tuesday asserted that the upcoming state budget will fulfil the aspirations and expectations of the people.

Referring to Haryana's economic position, he said that according to figures released by the Planning Department on January 29, 2026, the state's Gross Domestic Product (GDP) for 2025-26 (advance estimates) stands at Rs 13,67,769 crore, compared to Rs 12,13,951 crore in 2024-25, reflecting a growth rate of 12.67 per cent.

He added that the state's per capita income for 2024-25 is Rs 3,58,171, significantly higher than the national average of Rs. 2,19,575, placing Haryana among the top five states in the country.

Saini said that the upcoming state budget will provide a strong foundation for the state's development roadmap, welfare priorities, and future planning. The budget session of the Haryana Assembly will begin here on February 20.

The Chief Minister said that on March 17, 2025, he had presented his first budget as Finance Minister in the Vidhan Sabha. He described it as a people's budget shaped by public suggestions rather than merely a government document.

He said that 248 announcements were made in that budget, out of which 77 have already been fully implemented, while work on 165 announcements is in the final stages. Saini said the upcoming Budget for 2026-27 will fulfil the aspirations and expectations of the people.

"We had sought suggestions from people regarding the budget and 12,400 suggestions have been received... Nearly 4,000 to 5,000 suggestions will be incorporated in the budget for 2026-27," he told reporters here.

He said that over the past 10 years, Haryana's per capita income has consistently increased, rising from Rs. 1,47,382 in 2014-15 to the current level, reflecting nearly two-and-a-half-fold growth.

The actual expenditure of all state departments was Rs. 1,75,801 crore in 2024-25, compared to Rs. 61,904 crore in 2014-15. In the current financial year, the actual expenditure till February 16, 2026, stands at Rs. 1,59,747 crore and is expected to reach around Rs. 2 lakh crore by March 31, 2026, which would be nearly 98 per cent of the Budget estimate.

He further said this would be the first time in history that such a high proportion of the Budget is utilised. Responding to opposition criticism, the Chief Minister said actual expenditure on the economy during the BJP government's tenure has been nearly three times that of previous governments.

He added that more than 80 per cent of the allocated expenditure for 2025-26 has already been incurred by around 11 departments, including Police, Transport, Revenue and Medical Education and Research. Around 21 departments have recorded over 70 per cent expenditure and about 18 departments over 60 per cent.

Taking a dig at the opposition, he said those under whose tenure the system was weak are now questioning financial management. He said the fiscal deficit is the best indicator of financial management.

The state's fiscal deficit for 2024-25 stood at 2.83 per cent of GDP, compared to 2.88 per cent in 2014-15, both within the FRBM limit of 3 per cent, indicating improved fiscal discipline..

Saini said that as per the recommendations of the 16th Finance Commission (2026-31), Haryana's share in central taxes has increased from 1.093 per cent to 1.361 per cent, marking an increase of 24.52 per cent over the 15th Finance Commission period.

He said this increased share reflects the state government's strong financial credibility and effective policy framework..

Referring to employment, he cited a NITI Aayog working paper published, stating that while about 90.61 lakh people were employed in government and private sectors in 2004-05, the number declined to 86.93 lakh in 2014-15.

However, by 2023-24, employment had risen to 1.10 crore across sectors. This indicates that while nearly 3.68 lakh people lost employment between 2004 and 2014, about 27 lakh new employment opportunities have been created by 2023-24, he said.

On education, he said the Gross Enrolment Ratio (GER) in higher education has increased from about 27 per cent during 2004-14 to 34 per cent during 2015-25. The number of universities in the state, which was around 45 between 2005 and 2014, has increased significantly with the establishment of 60 new universities between 2015 and 2025.

He questioned critics who claim a decline in education standards, asking whether these figures do not reflect progress in the education sector. He said that according to the white paper issued by the Finance Department, the state's own revenue stood at Rs 25,567 crore in 2013-14. By 2024-25, this had increased to Rs 77,943 crore.

Between 2004 and 2014, MSME activity remained limited, with around 33,000 units registered. However, between 2015 and 2025, more than 20 lakh MSMEs were registered on the Udyam and Udyam Registration portals, bringing a large number of small enterprises into the formal system.

Between April 2024 and March 2025, Haryana's total exports stood at 19.10 billion US dollars, reflecting the state's growing strength in both investment and exports. From 2015 to 2024, Haryana's total exports were USD 132.13 billion, whereas from 2004 to 2014, that is, the previous 10 years, they were only USD 61.60 billion, he said. PTI SUN ANU MR

Topics

Acts Income Tax