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
    Finkurve Financial Services Limited (Arvog) Crosses Rs. 1,035 Crore+ AUM Milestone
    LPG distributors approach Bombay HC against supply crunch; notices issued to Centre, pvt firm
    China silent on India’s move to ease FDI norms; Chinese businesses say 'partial' opening
    Economic Stabilisation Fund shows Modi govt's farsightedness: Jagdambika Pal
    LPG supply crunch may disrupt QSR operations, raise input costs for consumer firms
    IBA Hosts RRB Conclave 2026 on “Next-Gen Reforms for RRBs – Challenges & Opportunities”
    Kerala HC pulls up Rly Board over Aadhaar authentication for tatkal booking
    US starts Section 301 probe against India, 15 other economies: An explainer
    Suresh Gopi denies controversy over exclusion of Kerala PWD Minister from PM event in Kochi
    DPIIT Signs MoU with Voltas Limited to Support Industry–Start-up Collaboration in Cooling and Smart Appliance Technologies
    India's Russian oil buy surges 50 pc amid scramble to replace lost barrels
    No need for panic booking, enough LPG supplies to meet household needs: Govt
    Rs 590-cr IDFC First Bank 'fraud': ED registers case, conducts searches at 19 locations
    Maharashtra minister asks IT dept to frame model policy for providing digital services
    Rs 590-cr IDFC First Bank 'fraud': ED searches at 19 locations in Haryana, Chandigarh
    AAHAR 2026 inaugurated at Bharat Mandapam; Shri Piyush Goyal calls for stronger collaboration to position India as a global leader in agricultural and...
    CCI approves acquisition of a certain stake in Curefit Healthcare (Target) by MacRitchie Investments Pte. Ltd. (Acquirer)
    CCI approves the proposed acquisition by Cube V of the road asset business (es) of DYIPL, DVIPL, DGIPL and DTEHPL
    APEDA Showcases India’s Agri and Processed Food Export Strength at AAHAR 2026
    Italian Milling Industry Showcases 'Pure Flour from Europe' in New Delhi as Indian Demand Reaches Record Levels
❯❯
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 12, 2026
Show AI Summary
NBFC registration: RBI-registered gold-loan lender reports strong AUM growth and emphasizes disciplined underwriting and technology investments.
Finkurve Financial Services Limited (Arvog), an RBI-registered non-deposit-taking middle-layer NBFC, has expanded its secured lending business predominantly through gold loans and crossed a notable AUM milestone. Growth is attributed to disciplined underwriting, prudent loan-to-value norms, collateral-backed lending, a branch-led phygital network, technology-enabled loan servicing, and strategic partnerships, with continued emphasis on asset quality, capital prudence, governance, and sustainable expansion.
March 12, 2026
Show AI Summary
Priority supply of domestic LPG sought to enforce export restrictions and secure household allocations amid supply disruption.
Six LPG distributors allege a supplier refused to reallocate LPG from export channels to the domestic market despite Ministry directions prioritising household supplies; they seek orders compelling the supplier to halt exports and increase domestic allocations, identifying the petroleum ministry as policy authority and the trade directorate as competent on export restrictions.
March 12, 2026
Show AI Summary
FDI relaxation for land-border ownership reduces mandatory approval requirements, enabling limited bordering-country stakes to invest.
India amended its FDI rules to exempt from mandatory approval overseas firms incorporated outside land-bordering countries that have non-controlling beneficial owners from those countries below a specified threshold, while continuing mandatory approval for entities domiciled in bordering countries; sectoral caps and entry routes remain applicable and large-scale or controlling investments follow the previous approval process, with a limited fast-track approval available for certain sectors.
March 12, 2026
Show AI Summary
Economic Stabilisation Fund seeks parliamentary approval as a fiscal reserve to shield the economy against future shocks.
The government has tabled a second batch of Supplementary Demands for Grants for 2025-26 requesting parliamentary approval to create an Economic Stabilisation Fund as a reserve for future shocks and to provide additional allocations for fertiliser and food subsidies and defence expenditure, with debate reflecting both support for fiscal preparedness and objections on transparency and social impact.
March 12, 2026
Show AI Summary
LPG supply prioritisation may restrict commercial fuel access, disrupting restaurants and raising input costs for consumer firms.
Government prioritisation of LPG for domestic cooking and essential services has produced restrictions on commercial supplies, limiting fuel access to non-essential enterprises like quick-service restaurants. High import dependence and transit concentration through the Strait of Hormuz, absence of strategic LPG reserves, and regulatory storage licensing combine with limited channel inventory to create operational risk that can impact commercial operations within 48-72 hours and contribute to higher input costs for glass, plastics, FMCG and related sectors.
March 12, 2026
Show AI Summary
RRB reforms prioritize IT modernization and vernacular digital services to boost inclusion and operational resilience across rural banking.
A reform roadmap for Regional Rural Banks focused on strengthening governance, operational resilience and technology adoption through consortium approaches and IT modernization. Emphasis was placed on vernacular digital offerings and structured customer feedback to improve engagement and financial inclusion, alongside targeted measures in agri financing innovation, human resource development, and stakeholder collaboration.
March 12, 2026
Show AI Summary
Aadhaar authentication questioned; court orders Railway Board to file response on mandatoriness for tatkal bookings within three weeks
The Kerala High Court directed the Railway Board to file a response within three weeks on whether Aadhaar based authentication is mandatory for tatkal bookings, in a public interest litigation challenging a central government circular, and reprimanded the Board for months of unexplained delay.
March 12, 2026
Show AI Summary
Section 301 investigations target foreign industrial policies, enabling potential retaliatory trade measures after public review and hearings.
Section 301 investigations have been initiated to determine whether the industrial policies and practices of certain trading partners are unreasonable or discriminatory and burden US commerce, focusing on sectors such as steel, autos, batteries, electronics, chemicals, machinery, semiconductors and solar modules; the process includes public submissions, hearings and consultations, and may lead to retaliatory trade measures tied to identified practices such as state subsidies, state-owned enterprise activity, market-access barriers, currency practices or suppressed domestic demand.
March 12, 2026
Show AI Summary
Security protocol: Blue Book and SPG rules govern dais attendance and identity checks at official inaugurations.
Attendance and access to the Prime Minister's public programme were governed by the Blue Book protocol and the Special Protection Group's operational limits on dais attendance; organisers stated that requests to include particular state ministers could have been accommodated if made in advance, and SPG identity and security procedures, including presentation of identity documents, were routine and applied regardless of an attendee's office.
March 12, 2026
Show AI Summary
Industry-start-up collaboration to enable mentorship, testing, PoC programmes and field trials for cooling and smart-appliance technologies.
A government ministry and a private enterprise entered a Memorandum of Understanding to facilitate industry-start-up collaboration by identifying start-ups in cooling and smart-appliance technologies and providing mentorship, technical guidance, access to testing infrastructure, market linkages, innovation challenges, and participation in structured Proof-of-Concept programmes and field trials for product validation and technology integration.
March 11, 2026
Show AI Summary
Energy supply diversification: India shifts toward Russian crude to offset Strait of Hormuz disruptions and protect fuel flows.
India increased Russian crude imports to offset shipments halted through the Strait of Hormuz, reducing the immediate shortfall from Middle Eastern supplies while maintaining refined product availability. The Strait of Hormuz is identified as a critical chokepoint for crude, LPG and LNG; mitigation measures include supplier diversification, enhanced Russian flows, and refinery adjustments to maximise LPG recovery, though such optimisations yield only marginal increases and leave a significant import dependency.
March 11, 2026
Show AI Summary
LPG supply assurance: household supplies prioritized, measures to prevent hoarding and secure alternate imports and maintain continuity.
The government affirms domestic LPG stocks and diversified procurement are sufficient to meet household cooking needs despite Strait of Hormuz disruptions. Refinery adjustments have boosted domestic LPG output and LNG cargoes have been secured; imports have been rerouted. Measures prioritise household distribution, curtail non-domestic deliveries, adjust pricing and refill intervals, and establish a committee to allocate commercial supplies. State and central authorities are directed to prevent hoarding and coordinate to maintain energy security and uninterrupted essential supplies.
March 11, 2026
Show AI Summary
Money laundering probe under PMLA registered and searches conducted after alleged diversion of government funds into shell entities and real estate.
Enforcement Directorate registered a case under the Prevention of Money Laundering Act and searched multiple premises after a vigilance FIR alleging that bank employees and private associates diverted Haryana government funds, used accommodation (hawala) entries, transferred money to shell companies and small jewellery entities, and channelled proceeds into purported gold purchases and real estate, with significant cash withdrawals noted.
March 11, 2026
Show AI Summary
Model policy for digital service delivery to standardise Maha e-Seva and Aadhaar centre operations, ensure timely services and operator viability.
Directed formulation of a model framework and comprehensive policy within one month to standardise delivery of government digital services through Maha e-Seva and Aadhaar service centres, ensuring timely citizen access while preserving operator viability. Immediate administrative measures include release of pending commissions, a joint meeting to address deposit refunds, and establishment of a study group to assess actual operational costs for centre operations.
March 11, 2026
Show AI Summary
Money laundering probe targets alleged diversion of government deposits at a private bank, prompting searches and shell company tracing.
Enforcement Directorate searches under the Prevention of Money Laundering Act allege that government deposits at a private bank were diverted instead of being placed in fixed deposits; investigations target business entities, ex-bank officials, beneficiaries and real estate agents accused of providing accommodation entries. The agency alleges proceeds were routed through shell companies, layered through transactions, disguised as gold purchases and real estate investments, with substantial cash withdrawals and an identified absconder.
March 11, 2026
Show AI Summary
Trade agreements expand market access while preserving domestic safeguards and promoting value-added food exports through targeted support.
India's export expansion strategy combines preferential market access through recently concluded Free Trade Agreements with calibrated domestic safeguards for farmers, fishermen and MSMEs - excluding concessions in sensitive sectors (notably dairy, certain cereals and pulses) and denying duty concessions or market access for genetically modified products - while promoting value addition via the Agriculture Infrastructure Fund and export handholding through the Export Promotion Mission and DGFT to integrate businesses into global value chains.
March 11, 2026
Show AI Summary
Merger clearance: acquisition of additional stake in Curefit approved to bolster the Target's capital in the fitness sector.
The Competition Commission of India approved an additional stake acquisition by MacRitchie Investments Pte. Ltd., an investment holding company and indirect wholly owned subsidiary of Temasek, in Curefit Healthcare Private Limited to supplement the Target's capital requirements in the fitness sector; the Target is the ultimate parent of the Curefit Healthcare Group, which operates fitness management programmes, memberships, franchising and sales of fitness apparel and accessories in India, and a detailed order will follow.
March 11, 2026
Show AI Summary
Competition approval for acquisition by Cube V of road concession businesses operating under governmental concessions.
The Competition Commission of India approved the proposed indirect acquisition by Cube Highways and Infrastructure V Pte. Ltd. of the road asset businesses housed in DYIPL, DVIPL, DGIPL and DTEHPL, comprising operations that manage roads and highways under governmental concessions. Cube V is registered as a foreign portfolio investor and operates, acquires and manages highway and transport infrastructure assets in India. A detailed order of the Commission will follow.
March 11, 2026
Show AI Summary
Free Trade Agreements enabling preferential market access for Indian agricultural and processed food exports through standards and research.
The press release highlights that expanding Free Trade Agreements are enabling preferential market access for Indian agricultural and processed food exports and that APEDA, at AAHAR 2026, released research reports on key crops and launched packaging design solutions and technical standards with the Indian Institute of Packaging aimed at improving protection, shelf life and market presentation for region-specific, GI-tagged and organic products to support export competitiveness.
March 11, 2026
Show AI Summary
Food safety standards underpin promotion of European flour in India, enabling market access and traceable supply chains.
Promotion of premium Italian soft wheat flour in India emphasises compliance with food safety regulations, full traceability and sustainability commitments as the core regulatory assurances supporting market entry and commercial outreach. The campaign presents European milling quality controls - careful wheat selection, computerised traceability, and independent accredited laboratory testing - as operative mechanisms ensuring conformity with EU standards and as commercial assurances to Indian buyers.

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