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
    DMK MP flags sharp tariff hike for Kudankulam Nuclear Units 3 & 4; seeks regulatory framework
    Gold tumbles Rs 9,050, silver declines by Rs 10,500/kg in Delhi on weak demand
    Jaishankar reaffirms India's steadfast ties with Russia; calls for removal of non-tariff barriers for USD 100 bn trade goal
    Government has introduced a Model Context Protocol server to facilitate linking of Artificial Intelligence tools with Official Statistical databases
    Ministry of Statistics and Programme Implementation updates and releases the Sustainable Development Goals -National Indicator Framework Progress Repo...
    Ministry of Statistics & Programme Implementation has strengthened the measurement framework of the Consumer Price Index (CPI) through a comprehensive...
    As of January 2026, PAIMANA captures status of 1,702 nationwide projects being implemented by 17 Central Ministries/Departments
    RBI and NABARD’s Key Safeguards Strengthen Governance of Cooperative Banks
    PM Modi says will overcome West Asia crisis like Covid; stresses on dialogue, diplomacy to end conflict
    Unhappy over their 'reluctance', SC asks CBI, ED to conduct fair probe against ADAG firms
    Rupee slumps 50 paise to settle at fresh record low of 94.03 against US dollar
    HC division bench stays single bench order disqualifying SNDP Yogam office-bearers
    Lok Sabha refers Corporate Laws (Amendment) Bill to JPC
    AU Small Finance Bank Strengthens Its Digital Banking with an Enhanced Savings Ecosystem
    Rupee nears 94/USD, down 41 paise to record low of 93.94 in early trade
    Government modifies Mutual Credit Guarantee Scheme to Support MSME Manufacturers and Exporters in line with Budget 2025-26
    Government introduces Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
    Himachal CM Sukhu presents Rs 54,928-cr budget for FY27 with thrust on rural economy
    Himachal CM Sukhu presents Rs 54,928-cr budget for FY27 with thrust on rural economy
    IBL Finance Ltd has secured a Credit Rating from Acuité Ratings and Research Limited
❯❯
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
March 23, 2026
Show AI Summary
Nuclear power tariff regulation faces scrutiny over steep Kudankulam pricing, cost assumptions, and lack of independent oversight.
Concerns were raised over the indicative tariff proposed for electricity from Kudankulam Nuclear Power Plant Units 3 and 4, as it represents a sharp escalation over the tariff currently applicable to Units 1 and 2 and may exceed prevailing competitive benchmarks. The tariff was described as likely to impose a substantial long-term burden on Tamil Nadu and other southern states, especially because nuclear power is must-run supply and pricing is presently determined administratively without independent regulatory oversight.
March 23, 2026
Show AI Summary
Gold and silver prices fall sharply as weak demand, rate expectations, and dollar strength pressure bullion markets.
Gold and silver prices fell sharply in Delhi amid subdued domestic demand and weak global trends. Analysts linked the decline to higher interest rate expectations, stronger US Treasury yields, a firmer dollar, and inflation concerns arising from geopolitical tensions. The commentary also noted that slower reserve accumulation by some central banks and weaker spot prices overseas added to the pressure on bullion markets.
March 23, 2026
Show AI Summary
Non-tariff barriers and trade liberalisation drive India-Russia efforts to expand bilateral trade and economic partnership.
India and Russia are seeking to deepen their strategic and economic partnership by addressing non-tariff barriers and regulatory impediments, with the stated objective of expanding annual bilateral trade to USD 100 billion by 2030. The stated measures include continued efforts to conclude the India-Eurasian Economic Union free trade agreement, use of the skilled Indian workforce, and coordination within multilateral forums such as BRICS, SCO, G20 and the UN.
March 23, 2026
Show AI Summary
Artificial Intelligence data integration advances with a Model Context Protocol server linking verified official statistical databases.
Government has introduced a Model Context Protocol (MCP) server to link Artificial Intelligence tools and platforms with official statistical databases through the National Statistical Portal e-Sankhyiki. The server enables access to verified Government data and has been expanded from a beta release to cover 21 statistical products, including major datasets such as labour force, price index, industrial production, and national accounts series.
March 23, 2026
Show AI Summary
Sustainable Development Goals reporting framework tracks poverty, gender equality, labour and social protection progress through annual national indicators.
National statistics reporting for the Sustainable Development Goals is updated through the annual release of the SDG-National Indicator Framework Progress Report on National Statistics Day. The framework comprises 284 national indicators in the 2025 report, with the Ministry of Statistics and Programme Implementation responsible for the national indicator framework and States/Union Territories responsible for State Indicator Frameworks. The report draws on data from line ministries and departments, including Periodic Labour Force Survey data, and records progress under poverty, gender equality, labour, wage, employment, and social security indicators.
March 23, 2026
Show AI Summary
Consumer Price Index base revision strengthens measurement through updated baskets, weights, and e-commerce price collection methods.
Consumer Price Index measurement has been strengthened through a comprehensive base revision from 2012=100 to 2024=100, using Household Consumption Expenditure Survey 2023-24 data to update the CPI item basket and weights. The revision expands coverage, introduces methodological refinements, adopts an international classification system, and incorporates administrative and e-commerce data to make the index more robust and representative. Price collection from e-commerce and online platforms is carried out weekly, and monthly average prices from weekly transaction observations are used in CPI compilation.
March 23, 2026
Show AI Summary
Infrastructure project monitoring through PAIMANA and PMG strengthens data-driven oversight, escalation, and delay resolution.
Project monitoring of ongoing Central Sector infrastructure projects costing Rs. 150 crore and above is being undertaken through PAIMANA, a web-based system of the Ministry of Statistics and Programme Implementation. The portal captures project status, expenditure details, and delay tracking for nationwide infrastructure projects, and is integrated with the Integrated Project Monitoring Portal under the principle of "One Data One Entry" to enable automatic data fetching, reduce manual entry, and provide stakeholders with customised dashboards and direct access to project progress information.
March 23, 2026
Show AI Summary
Cooperative bank governance reforms strengthen transparency, depositor protection, fraud control, and supervisory accountability across the sector.
Strengthening governance of cooperative banks through amendments to the Banking Regulation Act and the Multi-State Cooperative Societies Act, 2002 is described as a set of supervisory safeguards intended to improve transparency, accountability and depositor protection. The measures include a maximum of 10 consecutive years for the term of board directors of cooperative banks, excluding the chairperson and whole-time directors, and the creation of a Cooperative Ombudsman to handle complaints and appeals by members concerning deposits, equitable benefits from the society's functioning, and other matters affecting individual rights. The establishment of a Cooperative Election Authority is also identified as a governance reform aimed at ensuring free and fair elections in multi-state cooperative societies.
March 23, 2026
Show AI Summary
Dialogue and diplomacy guide India's response to the West Asia conflict, alongside security preparedness and energy resilience.
India's response to the West Asia conflict is framed around dialogue, diplomacy, de-escalation and protection of civilian life, with emphasis on avoiding attacks on civilians, energy infrastructure and transport infrastructure, and on opposing obstruction of international waterways. The position stresses that commercial shipping routes must remain safe, that attacks on ships and disruption of the Strait of Hormuz are unacceptable, and that sustained diplomatic engagement with regional leaders is being used to seek a peaceful resolution and secure the passage of Indian vessels. The crisis is also presented as a matter of national preparedness and internal security.
March 23, 2026
Show AI Summary
Banking and corporate fraud investigation faces court push for a fair, transparent, time-bound probe into alleged irregularities.
The Supreme Court directed the CBI and the ED to conduct a fair, dispassionate, transparent, and time-bound investigation into alleged banking and corporate fraud involving Anil Dhirubhai Ambani Group firms. It also required all concerned financial institutions to cooperate fully and allowed the agencies to approach the court if any government body failed to extend cooperation. The proceedings concerned allegations of loan fraud, diversion of public funds, fabricated financial statements, forged bank guarantees, and other irregularities across multiple group entities.
March 23, 2026
Show AI Summary
Rupee weakness deepens as crude prices, dollar strength and foreign outflows drive the currency to a record low.
The rupee weakened sharply against the US dollar, falling to a fresh record closing low after breaching the 94-per-dollar level for the first time. The decline was linked to rising global crude prices, sustained foreign fund outflows, a stronger US dollar, and a steep fall in domestic equity markets, with the local currency remaining under pressure throughout the trading session. Market participants noted that worsening global sentiment and geopolitical tensions were weighing on the rupee, while periodic intervention by the Reserve Bank was expected to provide support at lower levels.
March 23, 2026
Show AI Summary
Director disqualification under the Companies Act stayed amid dispute over writ jurisdiction and NCLT control.
A division bench of the Kerala High Court stayed a single bench order that had disqualified the office-bearers and Board of Directors of SNDP Yogam for alleged non-compliance with statutory requirements under the Companies Act, 2013. The controversy concerned writ petitions alleging irregularities in the organisation's functioning and the contention that issues of directors' disqualification and company management fall within the jurisdiction of the National Company Law Tribunal. The bench had earlier directed maintenance of status quo pending a fresh list of directors before later issuing the stay.
March 23, 2026
Show AI Summary
Corporate compliance reform bill aims to decriminalise minor offences, rationalise penalties, and ease business regulation.
The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Limited Liability Partnership Act, 2008 and the Companies Act to facilitate ease of doing business, ease compliance burdens, rationalise penalties, decriminalise certain minor corporate offences, and convert several procedural lapses from criminal liability to monetary penalties. It also seeks to streamline regulatory processes, reduce litigation, and improve the corporate compliance framework for companies and LLPs, including one person companies, small companies, startups, and producer companies. The Bill was referred to a joint parliamentary committee for detailed examination and recommendations.
March 23, 2026
Show AI Summary
Digital-first savings banking gains focus as AU Small Finance Bank expands a seamless, secure customer journey.
AU Small Finance Bank is strengthening its digital-first savings banking model by refining the customer journey across its Digital Savings Account portfolio. The enhanced ecosystem is designed to provide a seamless, intuitive, secure and mobile-first experience across multiple account segments, with simplified onboarding and clearer day-to-day account management. The approach also emphasizes guided decision-making, transparent communication on savings account essentials, faster access to core services through its mobile app, and an operating framework based on simplicity, accessibility and reliability.
March 23, 2026
Show AI Summary
Rupee depreciation intensifies as crude prices, dollar strength and foreign outflows keep pressure on the currency.
The rupee weakened sharply in early trade and touched a record low against the US dollar amid elevated global crude prices, a strong dollar, foreign fund outflows and weakness in domestic equity markets. Market participants linked the depreciation to heightened dollar demand from oil imports and continued selling by foreign institutional investors. The Reserve Bank of India was reported to be active in the market at various levels, with expectations of possible intervention to curb further depreciation, while the dollar index remained firm and Brent crude continued to trade at elevated levels.
March 23, 2026
Show AI Summary
Mutual credit guarantee for MSMEs expands eligibility, eases upfront costs, and adds stronger support for exporter units.
Mutual Credit Guarantee Scheme for MSMEs has been modified to widen eligibility, reduce upfront burden, and extend guarantee support for credit used to purchase plant, machinery, and equipment. The revised terms include service sector MSMEs, a reduced machinery cost threshold, a 10-year guarantee tenure, and refundable upfront contribution requirements. Special provisions for exporter MSMEs prescribe eligibility conditions, a capped guaranteed loan amount, higher guarantee coverage, and a concessional guarantee fee structure.
March 23, 2026
Show AI Summary
Credit guarantee support for microfinance lending boosts financing to NBFC-MFIs, with capped rates and differentiated coverage.
Credit guarantee support is introduced for lending to NBFC-MFIs and MFIs through the National Credit Guarantee Trustee Company Limited to strengthen financing for on-lending to small borrowers within the Reserve Bank of India's microfinance definition. The scheme extends differentiated guarantee cover of 80% for small, 75% for medium and 70% for large NBFC-MFIs or MFIs, with a guarantee fee of 0.50% per annum and lending caps linked to EBLR or MCLR plus 2% per annum. The scheme remains valid until 30 June 2026 or until loans aggregating to Rs. 20,000 crore are guaranteed.
March 22, 2026
Show AI Summary
Rural economy support and targeted welfare measures shape the Himachal Budget, with higher support prices and fiscal restraint steps.
The Budget for 2026-27 emphasised rural economy support, welfare-linked subsidies, and sector-specific price interventions. It proposed free electricity for identified poor families, monthly assistance for eligible women, housing support for poor households, higher support prices for crops, milk and fish, and reduced royalty on fish caught from reservoirs. The Budget also provided for forest-based livelihood measures, plantation-linked employment, eco-tourism development, and targeted support for shepherd communities, alongside temporary salary deferral measures to address fiscal stress.
March 21, 2026
Show AI Summary
Discontinuation of Revenue Deficit Grant increases fiscal pressure; state enacts salary deferments and targeted welfare measures in budget.
The budget responds to discontinuation of the Revenue Deficit Grant by reducing overall expenditure and imposing temporary salary deferments for listed officeholders and senior officials for six months, while allocating funds to complete pending works. It shifts subsidies to targeted welfare-free electricity for identified low income households, monthly cash transfers to eligible women, housing for selected poor families-and specifies sectoral measures including increased procurement prices for milk, a minimum support price for fish with reduced royalty, formation of a Kisan Aayog and a Women's Tourism Fund, and allocations for eco tourism and forest plantation.
March 21, 2026
Show AI Summary
Credit rating upgrade strengthens NBFC's access to capital and supports strategic funding and growth plans.
IBL Finance Limited, an RBI registered fintech NBFC, has been assigned a long term investment grade rating of BBB with a Stable outlook. The rating is supported by governance, risk management and compliance frameworks, a healthy net worth, comfortable gearing and an elevated CRAR, diversified debt resources and majority promoter commitment. The company's portfolio is largely secured lending to financial institutions with improving gross and net NPA ratios and rapid AUM and net worth growth; forward looking statements are qualified by standard risk disclaimers.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

US' allies in India are 'good actors': White House on 30-day waiver to buy Russian oil

March 11, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New York/Washington, Mar 11 (PTI) The US "temporarily permitted" India to "accept" Russian oil already on ships to ensure energy supplies amid the conflict with Iran, a top White House official said, underlining that America's allies in India are "good actors".

The US last week said it was issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil in the backdrop of the escalating West Asia conflict.

President Donald Trump, Treasury Secretary Scott Bessent and the whole national security team "came to this decision because our allies in India have been good actors and have previously stopped buying sanctioned Russian oil", White House Press Secretary Karoline Leavitt told a press conference on Tuesday.

"So as we work to appease this temporary gap of oil supply around the world because of the Iranians, we have temporarily permitted them (India) to accept that Russian oil. And this Russian oil was already at sea," she said while responding to a question on the US issuing the 30-day waiver to India.

She said this short-term measure will not provide significant financial benefit to the Russian government at this time.

Leavitt's comments drew sharp criticism in India, with the Congress saying that her remarks were a "capitulation certificate" to Prime Minister Narendra Modi.

"After the US Treasury Secretary, it is now the turn of President Trump's press secretary to give Mr Modi a capitulation certificate," Congress general secretary in charge of communications Jairam Ramesh said.

Amid the criticism, US Ambassador to Delhi Sergio Gor said that India has been a "great partner" in maintaining stable oil prices around the world.

"The United States recognises ongoing purchases of Russian oil are a part of this effort. India is one of the largest consumers and refiners of oil and it is essential for the United States and India to work hand in hand for market stability for Americans and Indians," he said in a post on X.

Treasury Secretary Bessent last week said that President Trump's energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. "To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," Bessent said.

He had said this "deliberately short-term measure" will not provide significant financial benefit to the Russian government as it only authorises transactions involving oil already stranded at sea.

"India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of US oil. This stop-gap measure will alleviate pressure caused by Iran's attempt to take global energy hostage," Bessent had said.

Trump had imposed 25 per cent punitive tariffs on India for buying Russian oil, with his administration asserting that New Delhi's purchases were helping fuel Russia's war machine against Ukraine.

Last month, the US and India announced that they have prepared a framework for an interim agreement on trade, and Trump issued an Executive Order removing the 25 per cent tariffs on New Delhi, noting the latter's commitment to stop directly or indirectly importing energy from Moscow and purchasing American energy products.

Energy Secretary Chris Wright said in a post on X on Friday that the US is “allowing our friends in India” to take the Russian oil already on ships around Southern Asia, refine it and move the stocks into the market quickly to ensure a flowing supply and ease pressure amid the ongoing US-Israel war against Iran.

"We have implemented short-term measures to help keep oil prices down. We are allowing our friends in India to take oil that is already on ships, refine it, and move those barrels into the market quickly. A practical way to get supply flowing and ease pressure,” Wright said.

Wright has said that he and Bessent have spoken with authorities in India regarding purchasing Russian oil already floating on waterways, waiting to be unloaded at Chinese refineries, and transporting it to Indian refineries with an aim to "tamp" down concerns over oil shortage and price increases amid the West Asia conflict.

"The United States' policy towards Russia has not changed at all. India is very clear on that," Wright told CNN on Sunday.

Asked whether the Treasury Department's 30-day waiver to allow Indian refiners to purchase Russian oil amid the US-Israel war against Iran was undermining, in the short term, the Trump administration's goal of isolating Russia, Wright said, "It is not." He said India has "displaced" all Russian oil imports and is raising its imports from the US, Venezuela and other nations.

"India has been a great partner through this. But I did call up the Indians, as did Treasury Secretary Bessent, and said, 'Look, there is a whole bunch of oil that is floating to wait to unload at Chinese refineries'.

"Instead of having it wait six weeks to unload there, let us just pull that oil forward, have it land in Indian refineries and tamp this fear of shortage of oil, tamp the price spikes and the concerns we see in the marketplace. It is just a pragmatic effort that has a short time span. No change in policy towards Russia," he said. PTI YAS RC ZH ZH ZH ZH ZH

Topics

Acts Income Tax