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
    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
    How Tripo Balances Speed and Quality in an AI 3D Model Generator
    275 former judges, officials slam US international religious freedom report
❯❯
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
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.
March 21, 2026
Show AI Summary
Balancing speed and production-quality in AI 3D model generation enables rapid conversion of concepts into usable assets.
Tripo Studio unifies rapid text-to-3D and image-to-3D generation with production-grade post-processing-automatic segmentation, automated retopology balancing efficiency and detail, AI PBR texturing with selective refinement, and AI auto-rigging-while offering Smart Mesh for clean low-poly topology and H3.1 for high-density fidelity, and a DCC Bridge for direct export to major 3D tools, enabling faster conversion of concepts into production-ready assets.
March 21, 2026
Show AI Summary
Restrictions recommendation on a socio cultural organization challenged as biased, prompting calls for contributor background checks.
A coalition of 275 retired judges, civil servants and armed forces officers criticised a USCIRF report recommending asset freezes and movement restrictions against the RSS as biased and "highly motivated," urged vetting of report contributors, and stressed that critiques must be grounded in verifiable evidence and contextual understanding rather than broad generalisations.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

No need for panic booking, enough LPG supplies to meet household needs: Govt

March 11, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Mar 11 (PTI) Amid panic buying in some parts of the country, the government on Wednesday said India has enough LPG stocks to fully meet household cooking gas requirements, even as it stepped up efforts to secure alternative supplies to replace volumes disrupted by the West Asia conflict.

While India has been able to source additional crude oil - the raw material for fuels such as petrol and diesel - from alternative suppliers to offset disruptions caused by the blockage of the Strait of Hormuz, refinery adjustments have lifted domestic LPG output by about 25 per cent. The push to secure supplies has also resulted in securing at least two LNG cargoes, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said.

The widening conflict in the Middle East has largely halted shipments through the strait that was the conduit for most of India's oil, gas and LPG needs. While India scrambles to seek alternative crude sources from countries like Russia, LPG and LNG supplies remain constrained. Shortages are affecting businesses nationwide, from restaurants and crematoriums to ceramic units and even the Delhi High Court canteen. Household kitchens are getting fuel, but there are reports of long queues at dealers and the fuel being sold at higher rates in the black market.

At a media briefing - the first on record by an oil ministry official since the conflict broke out on February 28 - Sharma sought to allay concerns on availability, saying the government's efforts are primarily directed at maintaining uninterrupted supplies to households.

Sharma said India imports about 60 per cent of its LPG requirement, and 90 per cent of this is through the Strait of Hormuz.

This shortfall meant prioritising household kitchens over commercial usage. But even this has led to panic buying by common users.

"Feedback suggests that some panic booking and hoarding behaviour has been triggered by misinformation," she said. "We have enough stocks. There is no need for panic. There is no need for the customer to rush and book cylinders." The pre-war delivery cycle for a refill of two-and-a-half days remains, said Sharma, who is in charge of LPG in the ministry.

Giving a full account of the fuel supply scenario, she said India's daily crude oil consumption is about 5.5 million barrels, 55 per cent of which came from countries like Saudi Arabia, Iraq and the UAE through the Strait of Hormuz.

She said oil companies have diversified procurement and secured volumes larger than those that were displaced by the blockage of the strait after the US and Israel attacked Iran and Tehran's retaliatory action.

"As a result of this diversification, about 70 per cent of our crude imports are now coming from routes outside the Strait of Hormuz, compared with about 55 per cent earlier," she said.

All the oil refineries, which convert crude oil into fuels, are operating at full capacity.

On natural gas, which is used for power, fertilizers, CNG, and household cooking, she said that out of the total consumption of 189 million standard cubic meters per day, 97.5 mmscmd is produced within the country, and the rest is imported. Out of the imports, about 47.4 mmscmd supply has been affected due to the Strait of Hormuz disruption.

"We are making efforts to procure from alternate routes, and supplies are underway to offset this disruption," she said. "Gas companies have procured LNG cargoes from the new sources, and two LNG cargoes are on their way to the country." To manage the shortfall, the government has prioritised household cooking and transport fuels, directing refineries to maximise LPG output by cutting petrochemical feedstock streams and barring units, including Reliance Industries Ltd's export-oriented plants, from using LPG as feedstock. Industrial LNG and LPG deliveries have been curtailed to protect more than 33 crore households, which account for roughly 86 per cent of LPG consumption.

To manage demand, cooking gas prices were raised for the first time in 11 months, and the minimum interval between subsidised refills was extended from 21 to 25 days.

To deal with the shortfall arising from blockage of supplies through the Strait of Hormuz, she said the government has taken various steps, including maximising LPG production in refineries by cutting other fuel streams. "Domestic LPG production has increased by 25 per cent, and all these domestic LPG is being directed towards household consumers." For non-domestic LPG, priority is being given to essential sectors such as hospitals and educational institutions, she said, adding that a three-member committee of executive directors of oil marketing companies - IOCL, HPCL and BPCL - has been constituted to review the allocation to restaurants, hotels and other commercial users.

The committee is consulting with state authorities and industry bodies to finalise a plan to ensure that available LPG is distributed in a fair and transparent manner on LPG prices, she added.

State governments have been advised to crack down on hoarding and black marketing of LPG.

Union Home Secretary held a meeting with Chief Secretaries and Directors General of Police of all states and Union Territories.

States and Union Territories were advised to take strict measures against hoarding of essential commodities and ensure the uninterrupted availability of essential supplies. The government, the officials said, is closely monitoring the evolving situation in West Asia and maintaining continuous coordination among the concerned ministries and agencies.

They reiterated that necessary steps are being taken to ensure energy security, safeguard Indian nationals in the region, maintain the safety of maritime operations and ensure the uninterrupted availability of essential supplies. The government remains committed to keeping the public informed and taking timely measures to protect India's interests during the evolving situation.

India, the world's third-largest crude importer, sources 88 per cent of its oil needs from abroad. It consumes 5.8 million barrels per day, of which 2.5-2.7 million barrels come from Middle East countries like Saudi Arabia, Iraq, and the UAE via the Strait of Hormuz. The chokepoint also carried 55 per cent of India's cooking gas (LPG) and 30 per cent of liquefied natural gas (LNG), used for power, fertilizers, CNG, and household cooking. PTI ANZ HVA

Topics

Acts Income Tax