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
    Oppn submits notice against speaker, accuses Birla of acting in 'blatantly partisan manner'
    Calcutta HC rejects bail plea of ex-Andaman MP Kuldeep Rai Sharma in bank fraud case
    Govt tightens social media rules on AI content; mandates 3-hr takedown timeline
    India is the place for large-scale organic production, says Commerce Secretary
    India, Seychelles discuss ways to boost defence ties; reaffirm commitment for stability in IOR
    Govt to sell up to 5 pc in BHEL at Rs 254/share; OFS opens Wednesday
    India, EU truly mother of all deals; brings together nearly one-fourth of global economy: Comm Secy
    Rahul did not open Budget discussion to avoid 'engineered disruptions' in LS: Cong sources
    Indian Youth Congress holds protest over Centre's silence on former Army chief's book
    Texmaco sees strong demand visibility with Rs 5,661cr order book despite Q3 profit drop
    Titagarh Rail Systems gets Railways’ nod to operate as wagon leasing company
    India jumps 5 places on Corruption Perceptions Index (CPI) 2025, holds 91st rank
    Unemployment falls slightly to 6.7 pc in Oct-Dec quarter: Govt survey
    CM assures to continue OPS and other welfare schemes despite RDG withdrawal
    Wormwood Hotels targets 10 properties by 2027; plans Rs 100 cr capital expenditure
    Naidu seeks Centre's nod for Polavaram project, Rs 1,211 cr farm funds
    Kerala launches ‘Rakshakavacham’ accident insurance scheme for private sector workers
    Chandrababu Naidu meets Vaishnaw, seeks completion of pending projects, more trains in Andhra
    Growing economic inequality may lead to social upheaval, says TMC MP
    Delhi govt's lending agency DFC shut down; 9-member panel formed to oversee winding up
❯❯
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 10, 2026
Show AI Summary
Notice to remove Speaker Om Birla alleges blatantly partisan conduct and abuse of office under Article 94(c) of the Constitution.
Opposition parties filed a notice under Article 94(c) seeking removal of the Lok Sabha Speaker for alleged blatant partisanship and abuse of office, citing denial of speaking rights during the Motion of Thanks, suspension of eight MPs, tolerance of personalised attacks by a ruling party MP, and derogatory statements from the Chair; the notice was submitted to the Secretary General for examination and the Speaker abstained from presiding until the matter is settled.
February 10, 2026
Show AI Summary
Ex-Andaman MP Kuldeep Rai Sharma denied bail in Rs500 crore bank fraud; about Rs230 crore allegedly siphoned to associates.
Calcutta High Court refused bail to ex-MP Kuldeep Rai Sharma and co-accused in a Rs 500 crore cooperative bank fraud case under the Prevention of Money Laundering Act, while granting health-based bail to the former managing director; ED investigations allege loans were fraudulently sanctioned through over 100 shell-company accounts and that about Rs 230 crore was siphoned off for the benefit of Sharma and associates.
February 10, 2026
Show AI Summary
Government tightens social media rules on AI content: three-hour takedowns, mandatory labelling and metadata embedding.
The IT Rules are amended to bring AI-generated and synthetic content within the regulatory framework, requiring platforms and AI tool providers to remove unlawful content within three hours (two hours for intimate or sexual material), mandate clear permanent labelling and metadata for synthetic content, prevent removal of labels, deploy automated prevention tools, verify user declarations about AI-origin, shorten grievance timelines, and report serious AI-related crimes to authorities.
February 10, 2026
Show AI Summary
India's organic production: plans to scale exports, strengthen certification, and mobilise cooperatives for supply growth.
India seeks to become a global hub for large-scale organic production, aiming to triple organic exports again over the next five years. Policy priorities stress strengthening certification trust and credibility through alignment with international standards under the National Programme for Organic Production, and mobilising cooperatives to aggregate farmers and build viable village-level organic supply chains to serve rising domestic and international demand.
February 10, 2026
Show AI Summary
India-Seychelles commit to deepen defence cooperation, maritime security, and capacity building including joint exercises and modernisation.
India and Seychelles committed to deepen defence cooperation and maritime security through expanded training, hydrography, ship and aircraft visits, defence delegation exchanges, and long-term modernisation partnerships. They welcomed joint participation in Lamitye 2026, the International Fleet Review, and Exercise Milan 2026, and agreed to implement capacity building initiatives. The countries also aligned on cooperation in digital solutions, data sharing, and maritime scientific research within a shared framework reflecting India's MAHASAGAR vision for cooperative, sustainable regional security and growth.
February 10, 2026
Show AI Summary
Government sale of BHEL stake via OFS opens at Rs 254/share offering up to 5% including green shoe option.
The government is offering up to 5% of BHEL equity via an offer for sale at a Rs 254 floor price, comprising a 3% base sale plus a 2% green shoe option, with staggered bidding windows for non retail and retail investors and proceeds contingent on full subscription.
February 10, 2026
Show AI Summary
India-EU free trade agreement unites markets, enabling seamless goods flow across a two-billion-person common market.
The text reports the conclusion of negotiations for a Free Trade Agreement between India and the European Union, combining markets representing about one quarter of global economic activity and roughly two billion people to create a seamless common market for goods, enhance market access, and facilitate competitive global value chains, with plans to sign and operationalise the agreement within the next year.
February 10, 2026
Show AI Summary
Lok Sabha Budget debate resumed after Rahul Gandhi deferred opening to avoid engineered disruptions; Speaker removal notice filed.
Rahul Gandhi declined to open the Lok Sabha Budget debate to avoid engineered disruptions, proposing to speak later; floor leaders met on strategy. The House resumed after adjournments with a Congress MP initiating debate at the Chair's invitation, following submission of a notice for a resolution to remove the Speaker and suspensions of multiple members for the remainder of the Budget session.
February 10, 2026
Show AI Summary
Indian Youth Congress protests government silence; over 150 detained and parliamentary quotation of an unpublished memoir disallowed.
Indian Youth Congress protesters alleged government silence on trade transparency, China border security, and references in a retired Army chief's unpublished memoir; during a gherao at Jantar Mantar police barricaded the march toward the Prime Minister's residence and over 150 participants were reported detained, while in Parliament a bid to quote the unpublished memoir was disallowed by the Speaker, triggering heated exchanges and adjournments.
February 10, 2026
Show AI Summary
Texmaco reports strong demand visibility with a Rs 5,661cr order book despite quarterly profit decline due to execution delays.
Texmaco recorded a 44% year on year decline in consolidated profit to Rs 42 crore for the quarter, while maintaining an order book of Rs 5,661 crore that supports medium term demand visibility. The company cited wheel availability constraints, export tariff related headwinds, infrastructure execution delays and global supply chain disruptions as causes of lower revenue and EBITDA, and said sustained public investment in railways underpins demand across freight wagons, electrification, EMU coaches and rail subsystems.
February 10, 2026
Show AI Summary
Titagarh Rail Systems approved to operate as a wagon leasing company, enabling private ownership and leasing of wagons.
Registration approval authorises Titagarh Rail Systems Ltd to operate as a Wagon Leasing Company, permitting ownership of freight wagons and their leasing under the Wagon Leasing Scheme to increase wagon availability, enhance freight capacity and improve operational efficiency. The company may establish a special purpose vehicle for leasing and must comply with operational, safety, maintenance and other regulatory requirements stipulated by Indian Railways and relevant authorities.
February 10, 2026
Show AI Summary
India's CPI rank rises to 91st; report warns attacks on journalists and rollback of democratic checks undermine accountability.
The 2025 Corruption Perceptions Index records limited anti corruption progress overall, with India's score rising one point and its rank improving five places to 91st. The report links weakened oversight to the rollback of democratic checks and balances and growing restrictions on civic space, which undermine transparency and enforcement. It further identifies attacks on journalists as a key factor that obstructs corruption reporting and impedes accountability, noting that countries hostile to investigative journalism are particularly prone to worsening corruption.
February 10, 2026
Show AI Summary
Unemployment fell to 6.7% urban and 4.0% rural in Oct-Dec while LFPR and WPR rose, driven by rural and female gains.
Unemployment among persons aged 15 and above fell in October-December 2025: urban UR to 6.7% from 6.9% and rural UR to 4.0% from 4.4%. Employed persons rose from 56.2 crore to 57.4 crore. Self-employment increased to 63.2% in rural areas and 39.7% in urban areas. Rural employment remained concentrated in agriculture (58.5%) and urban employment in the tertiary sector (61.9%). LFPR rose to 55.8% and WPR to 53.1%, with female and rural participation driving gains; estimates follow a revised CWS-based quarterly methodology introduced in January 2025.
February 10, 2026
Show AI Summary
Himachal Pradesh will continue the Old Pension Scheme despite central grant withdrawal, funding obligations from state resources.
The state will continue the Old Pension Scheme and welfare initiatives despite the central withdrawal of the Revenue Deficit Grant, mobilising its own resources to avoid subsidy rollbacks, allowance freezes, or migration to the Unified Pension Scheme; the RDG, provided under Article 275(1), is characterised as essential to bridge a roughly Rs 10,000 crore annual revenue-expenditure gap, and the Chief Minister will seek restoration while opposing claims that fiscal stress stems solely from current administration actions.
February 10, 2026
Show AI Summary
Wormwood Hotels plans 10-property expansion using leased assets, management contracts and investor funding, targeting an IPO.
Wormwood Hotels plans to reach ten operational properties by end-2027 with about Rs 100 crore capital expenditure. Existing assets operate under a lease model funded by an external investor, while the founder retains brand ownership and runs hotels under management contracts. Land has been acquired for future development, and an initial public offering is targeted once ten properties are operational.
February 10, 2026
Show AI Summary
Polavaram project and farm funds: seeks revocation of stop order, Rs1,211 crore release and rail expansions.
Seeks revocation of the stop work order on the Polavaram project, reimbursement for increased canal capacity costs, and full financial assistance for Polavaram Phase II including land acquisition, rehabilitation and embankments, with Phase II funding estimated at about Rs 32,000 crore; requests technical and financial support for a Polavaram-Nallamala Sagar link under national river linking policy. Urges gazette notification of the Vamsadhara Tribunal report, constitution of a Godavari Tribunal, raises objections to upstream dam height increases, and seeks release of Rs 1,211 crore pending under central farm schemes alongside multiple rail infrastructure approvals.
February 10, 2026
Show AI Summary
Kerala launches Rakshakavacham accident insurance for private sector workers, Rs. 5 lakh death benefit, Rs. 150 annual contribution.
Kerala's Rakshakavacham is a group personal accident insurance scheme implemented through CHIAK for workers in establishments registered under the Wage Security Scheme. It provides a five lakh rupee immediate assistance payment to families on accidental death, additional to Workmen's Compensation benefits. Coverage targets about 25 lakh workers for an annual contribution of 150 rupees, with enrolment via CHIAK and the Labour Department. Claims require a death certificate, FIR and legal heir certificate, and district officers will verify eligibility and manage disbursement.
February 10, 2026
Show AI Summary
Andhra Pradesh requests expanded rail projects, high-speed links, freight corridors and new passenger services, including Vande Bharat proposals.
The Chief Minister requested completion of ongoing rail projects, sanction of new railway lines for Rayalaseema and tribal areas, commencement of the South Coastal Railway Zone, extension of high speed corridors to connect pilgrimage and economic centres, specific high and semi high speed links (Visakhapatnam-Vijayawada; Vijayawada-Kurnool; Tirupati-Chittoor), freight measures including concessional reefer container allocation and proposals for Itarsi-Vijayawada and East Coast freight corridors, and passenger infrastructure such as greenfield mega coaching terminals, a Vande Bharat service via Tirupati, additional stoppages and a coach maintenance terminal.
February 10, 2026
Show AI Summary
Union Budget criticised for failing to curb inequality, address unemployment, and for concerns over the India US trade deal.
Opposition MPs criticised the Union Budget for failing to address rising economic inequality and persistent unemployment, warning that unchecked income divergence risks social unrest and arguing the Budget lacks measures for job creation and protecting real incomes. They also challenged the interim India US trade deal, questioning concessions on market access for dairy, the stated tariff narrative, and potential foreign oversight of domestic policy, while urging resolution of central dues to states and targeted support for disadvantaged regions and groups.
February 10, 2026
Show AI Summary
Delhi Financial Corporation shut; nine-member committee to wind up operations, realise dues, settle liabilities and manage employee claims.
Winding up of the Delhi Financial Corporation was ordered under Section 45 of the State Financial Corporations Act effective February 6, 2026; all operations, including fresh loan sanctioning, are ceased. A nine-member committee led by the state finance secretary is vested with board powers to take custody of assets and records, realise dues, pursue recoveries, settle statutory liabilities including amounts owed to the government, transfer or dispose of assets, manage employee redeployment and terminal benefits under applicable rules, and handle all pending legal proceedings, with final dissolution to follow upon completion of winding-up.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs & Trade

Trump now hikes global tariffs 15 pc, up from 10 pc; US to announce new levies soon

February 21, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New York/Washington, Feb 21 (PTI) US President Donald Trump on Saturday said he is raising, effective immediately, worldwide tariff rates on countries from 10 per cent to the “legally tested” 15 per cent.

The US president also slammed Friday's Supreme Court verdict that had quashed the sweeping levies imposed by him last year.

With the earlier announced tariff rate of 10 per cent to be applicable on countries around the world, Indian goods being imported into the US would no longer have been subjected to the 18 per cent tariff rate that had been decided following the announcement of a framework for an Interim Agreement on trade between India and the US. But that would change now with the new announcement of the 15 per cent tariff rates.

Trump said in a post on his social media that his decision to hike the tariffs to 15 per cent from Friday's 10 per cent was based “on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court.” “... please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the US off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump said in a post on Truth Social.

“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again!!!,” he added.

In a major setback to Trump’s pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, on Friday ruled that the tariffs imposed by Trump on nations around the world were illegal and that the President had exceeded his authority when he imposed the sweeping levies.

In a 6-3 vote on Friday, the judges found that the International Emergency Economic Powers Act (IEEPA) does not authorise the imposition of duties. Justices Clarence Thomas, Samuel A. Alito Jr. and Kavanaugh dissented in the court's decision. Justice Brett Kavanaugh US Supreme Court referred to the tariffs imposed on India for Russian oil purchases in his dissenting opinion.

Shortly after the verdict, Trump had issued a proclamation titled ‘Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems’, that imposed, for a period of 150 days, a “temporary import surcharge of 10 per cent ad valorem” on articles imported into the United States, effective February 24, 2026.

With his Truth Social post, that rate now stands at 15 per cent, dealing another chaotic decision on imports to countries and allies around the world, who are closely monitoring the erratic changes in tariff rates by the US and attempting to factor them in their trade with Washington.

India too faces a lower tariff rate of 10 per cent, down from 18 per cent, after Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs.

Earlier this month, as the US and India announced they reached a framework for an Interim Agreement on trade, Trump issued an Executive Order removing the 25 per cent punitive tariffs imposed on India for its purchases of Russian oil, with the US President noting the commitment by New Delhi to stop directly or indirectly importing energy from Moscow and purchasing American energy products.

Under the trade deal, Washington would charge a reduced reciprocal tariff on New Delhi, lowering it from 25 per cent to 18 per cent. PTI YAS NPK NPK

Topics

Acts Income Tax