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
    Attention : Update on Advisory on Interest Collection and Related Enhancements in GSTR-3B
    Indian-origin lettings boss who wanted to run for London Mayor guilty of fraud
    Trump pushes trade, defence ties with B'desh as he congratulates new PM Rahman
    J&K govt initiates liquidation of SCARD bank, assures protection of depositors’ interests: Dar
    Access pass for fishing in country's EEZ to be launched in Gujarat's Veraval
    Gujarat's debt rises to Rs 3.99 lakh cr in 2024-25 as per revised estimates: Desai in assembly
    US trade deficit slipped to USD 901 billion last year amid Trump tariffs
    Tata Group working on building AI chips, says Chairman N Chandrasekaran
    AccessifyLabs Appoints Abin Roy Choudhury as Chief Executive Officer to Accelerate Global Expansion and Enterprise Accessibility Leadership
    Proposed India-US trade deal compromises India’s sovereignty, farmers' interests: Sachin Pilot
    Cristiano Ronaldo Invests $7.5 Million in Herbalife's Pro2colâ„¢ Technology, Acquires 10% Equity Stake
    rivexa Ignites a New Era of Global Exports
    Summer 2026 AC Guide: Top picks, deals and savings
    DPIIT and National Productivity Council Organize ‘Chintan Shivir on Boilers’ to Foster Innovation and Align Industry Roadmap with Vision 2047
    Secretary, DFS, inaugurates Facilitation Camp for ‘Salary Account Package for Central Government Employees’
    In a largest operation of its kind by any agency in Madhya Pradesh, officers of Central Bureau of Narcotics (CBN) seize 43.820 kg high-quality MD/Meth...
    KIAASA Retail Limited's Initial Public Offering to open on Monday, February 23, 2026, price band set at Rs 121 – Rs 127 per Equity Share
    Yiwu in the Year of the Horse: Understanding the Chinese Expression of a 'Global Community'
    ED issues fresh summons to Anil Ambani for February 26
    Tripura tea auction centre likely to be operational by April: official
❯❯
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 20, 2026
Show AI Summary
Interest computation in GSTR-3B updated; portal auto-populates minimum interest and permits CGST/SGST ITC for IGST liabilities.
From January-2026 the portal revises interest computation in GSTR-3B table 5.1 to deduct the minimum cash balance in the Electronic Cash Ledger from net tax liability for interest calculation; the computed interest is auto-populated as a non-editable minimum and taxpayers must self-assess upward if necessary. The portal will auto-populate the Tax Liability Breakup from GSTR-1/GSTR-1A/IFF document dates for prior-period supplies discharged in the current period, and once IGST ITC is exhausted allows use of CGST and SGST ITC in any sequence in Table 6.1. Interest on late final returns for cancelled taxpayers will be collected via GSTR-10.
February 19, 2026
Show AI Summary
Fraud in anticipation of winding-up: director diverted company funds after loss of control, now facing criminal and confiscation proceedings.
A director was convicted of fraud in anticipation of winding-up after transferring the company's bank funds to his personal account following appointment of a Law of Property Act receiver and the transfer of the company's assets and sole share to that Receiver. The jury rejected his claimed belief in entitlement to the funds. The Insolvency Service is pursuing confiscation under proceeds legislation, and the director remains disqualified with an indefinite suspension of bankruptcy discharge for noncooperation with the Official Receiver.
February 19, 2026
Show AI Summary
Trade agreement obligations require tariff cuts, import and defence commitments, triggering transparency and sovereignty concerns.
The bilateral package imposes binding commercial and defence commitments requiring tariff reductions, duty-free access for specified exports, mandated imports of US agricultural and energy commodities, and increased purchases of US military hardware while limiting procurement from certain other countries. The deals were negotiated under a Non-Disclosure Agreement, and commentators question whether an unelected interim government had authority to conclude secretive, long-term obligations without parliamentary oversight, raising transparency, fiscal stability, and sovereignty concerns.
February 19, 2026
Show AI Summary
Liquidation of cooperative bank initiated; depositors' claims to be settled under statutory priority after KYC verification and phased settlement.
Liquidation proceedings for SCARD Bank Ltd have been initiated under the Cooperative Societies Act due to accumulated losses, weak governance, poor loan recovery and liquidity pressures; the bank is not registered under the Banking Regulation Act and thus lies outside RBI purview. A comprehensive KYC verification of claims is complete and, following a winding-up order and appointment of liquidators, duly verified depositor claims will be settled in phased manner strictly pursuant to statutory provisions and the prescribed order of priority. Deposit insurance and credit guarantee mechanisms do not apply; the government has compiled depositor liability projections and may consider budgetary provisioning.
February 19, 2026
Show AI Summary
EEZ access pass allows regulated offshore fishing with traceability and sustainability safeguards to support seafood export competitiveness.
An access pass framework regulates organised fishing in India's Exclusive Economic Zone, establishing entry conditions, monitoring, compliance, and traceability standards under the Sustainable Harnessing of Fisheries in the EEZ Rules, 2025, to enable responsible offshore harvesting, empower fishing communities and support seafood export competitiveness.
February 19, 2026
Show AI Summary
Public debt increase signals higher state debt servicing obligations under revised estimates and disclosed budget figures.
Gujarat's revised estimates for 2024-25 show total public debt rising from Rs 3,52,718 crore in 2023-24 to Rs 3,99,633 crore, with interest payments and principal repayments disclosed as Rs 24,964 crore and Rs 26,136 crore for 2023-24, and Rs 25,945 crore and Rs 29,086 crore respectively for 2024-25; these figures were tabled in the state assembly alongside the 2026-27 Budget presentation.
February 19, 2026
Show AI Summary
Tariffs on imports reshape trade incentives and pricing, prompting import timing and affecting customs revenues and consumer prices.
Presidentially imposed tariffs function as a tax on US importers often passed to consumers, shift commercial incentives by prompting import timing to avoid higher duties, and can be used to protect domestic industry and raise Treasury revenue; these effects influence trade flows, customs liabilities, and have produced only a muted aggregate inflationary impact while contributing to observed annual changes in the goods-and-services trade gap.
February 19, 2026
Show AI Summary
Industry-specific AI chips drive Tata's semiconductor and AI infrastructure expansion through strategic partnerships and vertical solutions.
Tata Group is pursuing industry-specific AI chips and an industrial AI operating system while expanding semiconductor fabrication and packaging capacity, data centre AI hosting, and strategic partnerships to enable vertical AI solutions, with initial chip efforts focused on automotive applications.
February 19, 2026
Show AI Summary
Digital accessibility compliance elevated to enterprise governance, integrating audits, remediation, documentation and continuous monitoring.
Digital accessibility is framed as an enterprise compliance and governance requirement to be embedded in procurement, engineering and risk management frameworks, aligned to standards such as WCAG 2.2, ADA, and Section 508. The firm proposes a combined advisory and technology approach - expert audits, VPAT/ACR documentation, remediation advisory, automation, developer enablement, and continuous monitoring - to convert regulatory obligations into operational discipline, procurement readiness, and managed accessibility risk across regulated sectors.
February 19, 2026
Show AI Summary
Sovereignty concerns over trade pact: alleged compromise of farmers, regulatory protections and energy procurement autonomy.
The proposed India-US framework is alleged to compromise sovereignty and economic self reliance by opening India's agricultural market to zero duty US farm and food products, permitting duty free imports of specified processed grains, oils and cotton that threaten domestic producers, and by requiring removal of non tariff barriers which could erode subsidies, regulatory protections and seed biodiversity; it is also said to constrain energy security by limiting procurement autonomy and imposing large bilateral purchase commitments.
February 19, 2026
Show AI Summary
Equity investment creates a minority ownership stake and strategic partnership, with regulatory and privacy forward looking disclosures.
Cristiano Ronaldo acquired a 10% equity interest in HBL Pro2col Software, LLC, accompanying an investment and a commitment of services and sponsorship rights to support Herbalife's Pro2col personalized health platform; Herbalife has begun a phased beta rollout and frames the initiative within forward looking statements that identify regulatory, data protection, AI governance, FTC consent order compliance, international operating, tax, intellectual property, cybersecurity and other business risks.
February 19, 2026
Show AI Summary
Cross-border trade facilitation: rivexa advances digital export pathways and sustainability for Indian MSME global market access.
rivexa hosted rivOlution 2026 to advance digital facilitation of cross-border trade and broaden MSME market access by offering an integrated export platform-supplier discovery, quality assurance, production monitoring, and payment/finance solutions-to enhance visibility, credibility, and execution across export supply chains while promoting sustainability and ESG-aligned compliance.
February 19, 2026
Show AI Summary
EMI financing enables consumers to acquire branded air conditioners through flexible tenures and zero down payment options.
Promotional offers couple branded air conditioner sales with Easy EMI loans and an EMI Network Card permitting flexible tenures, zero down payment options, paperless point-of-sale conversion, and online pre-approved eligibility verification by mobile number and OTP; pricing and offers are location- and retailer-dependent and subject to change.
February 19, 2026
Show AI Summary
Re-enacted Boilers Act strengthens safety framework; stakeholders invited to streamline compliance and boost industry innovation.
The Boilers Act, re-enacted as the Boilers Act, 2025 and operational from 1 May 2025, was retained and reviewed to maintain a safety-focused regulatory framework; the Chintan Shivir solicited stakeholder feedback on the Act and subordinate rules, sought suggestions to rationalise regulations and reduce compliance burden, and addressed implementation issues including roles of Third-Party Inspecting Authorities and Competent Persons.
February 19, 2026
Show AI Summary
Salary account package expands banking, insurance and card benefits to central government employees through PSB facilitation camps.
The Department of Financial Services launched a Salary Account Package for Central Government employees delivered via PSB organised facilitation camps, with PSBs as nodal banks coordinating with Ministries/Departments to ensure participation. The integrated Package covers banking, insurance and cards, offering zero balance accounts, free remittances and cheque facilities, concessions on locker rental and loan processing, concessional loan rates for housing, education, vehicle and personal loans, enhanced card benefits, and layered insurance protections including accident, disability, life and medical cover.
February 19, 2026
Show AI Summary
NDPS Act enforcement uncovers clandestine synthetic drug laboratory, leading to seizure of drugs, chemicals, equipment and arrests.
Enforcement under the NDPS Act led to interception of suspects with concealed high-purity methamphetamine and admissions linking the consignment to a clandestine laboratory; coordinated multi-branch searches located a chemically hazardous manufacturing facility equipped with modern machinery and bulk chemicals, which was secured with PPE and dismantled with technical assistance, and all recovered contraband, chemicals and equipment were seized under the Act while suspects were charged or detained under relevant provisions.
February 19, 2026
Show AI Summary
Initial public offering announces book built issue with retail/institutional allocation and offshore sale under Regulation S.
The company is making an initial public offering via a book building process with a disclosed price band, specified bid period and minimum lot requirements; the fresh issue proceeds will fund store expansion and general corporate purposes. Allocation among investor categories is set between qualified institutional buyers, non institutional bidders and retail individual bidders. The RHP has been filed with the RoC and is available on regulator, exchange and company websites; the shares are not registered under the U.S. Securities Act and will be offered offshore under Regulation S, with SEBI and exchange disclaimers noted.
February 19, 2026
Show AI Summary
Cross-border trade facilitation expands as Yiwu strengthens digital trade infrastructure and foreign business integration.
Overview of Yiwu's role in facilitating international trade and community governance through infrastructure, business registration, and local dispute-resolution mechanisms. It highlights significant import-export activity, growth in cross-border e-commerce, the Global Digital Trade Centre, expanded rail connectivity, and a high density of registered foreign-invested entities that enhance trade facilitation and digital transactions.
February 19, 2026
Show AI Summary
PMLA summons prompt fresh ED questioning over alleged money trail and disputed property sale.
Fresh summons under the Prevention of Money Laundering Act require the Reliance Group chairman and his spouse to give separate statements in an ED money laundering inquiry concerning an allegedly fraudulent sale of a Manhattan condominium, a related cross border remittance routed through a foreign entity, the arrest of a former executive, the constitution of a special investigation team, filing of ECIRs, and asset attachment measures.
February 19, 2026
Show AI Summary
State GST eligibility and transport subsidy shaping a local tea auction centre to retain value and improve price realisation.
Establishment of a local tea auction centre at Gurkhabasti aims to internalise tea transactions, improve price realisation for Tripura producers, and reduce time and transport costs. The Tripura Tea Development Corporation will provide a transport subsidy from its own resources to enhance viability. Converting outbound auctioning into in-state auctions is expected to affect State GST eligibility and receipts, thereby altering the fiscal profile of tea transactions and retaining value within the state supply chain.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

WeBank Wins Four Awards from The Asian Banker, Gaining International Recognition for its Digital Inclusive Finance Practices

March 16, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

SHANGHAI, March 16, 2026 /PRNewswire/ -- At The Asian Banker "Global Excellence In Retail Finance Awards Ceremony And Gala Dinner 2026"on 12 March, WeBank received four major awards in recognition of its technological innovation and inclusive finance capabilities. The Bank once again retained the titles of "Best Digital Bank in Asia Pacific"and "Best Digital Bank in China". It also secured two additional awards for the first time: "Best SME Bank in China (Digital Bank) "and "Best Customer Experience Initiative in Asia Pacific" for its Weilidai sign-language customer service initiative. WeBank Wins Four Awards from The Asian Banker The Asian Banker Excellence Award Programme is widely regarded as one of the most authoritative awards in the global financial industry, with assessment standards that align with the highest international benchmarks. Renowned for its professionalism, impartial and rigorous judging process, and broad industry coverage, the programme is consistently recognised by financial institutions and research bodies alike. It attracts extensive participation from banks and fintech platforms across the Asia Pacific region, and its influence now extends well beyond the region to financial markets worldwide.

Seven Consecutive Years of "Best in Asia Pacific": Demonstrating Digital Banking Excellence Over the past decade, digital banking has expanded rapidly worldwide. The number of licensed digital banks has surged from 48 in 2014 to more than 400 today, driven by flexible, efficient technological frameworks and innovative service models. These institutions have increasingly moved beyond the constraints of traditional financial services, establishing a distinctive path for digital-inclusive development.

As China's first digital bank, WeBank has placed technology at the centre of its strategy, and through its innovative business practices has positioned itself as a widely recognised global leader in digital banking.Leveraging its technological strengths, the Bank continues to broaden and deepen inclusive finance, addressing the financing challenges faced by small and micro enterprises, self-employed businesses and individual customers. As of the end of 2025, WeBank had served more than 430 million individual customers and over 7 million small and micro enterprises, using technology to bridge the "last mile" in inclusive financial services.

AI is reshaping the global financial sector. In response, WeBank took the lead in 2025 by advancing its "AI-native Bank"strategy, placing itself at the forefront at the next phase of technological transformation. The Bank has strengthened its AI foundation across infrastructure, toolchain development and diversified application frameworks, while deepening integration of AI across all business scenarios. This included reshaping organisational structures and governance systems to support a shift from a "digital-native" to an "AI-native" operating model. Powered by AI, WeBank is driving end-to-end business transformation and setting the direction for the future of digital banking. The Bank has already deployed more than 100 AI application scenarios, supported by over 800 AI agents and more than 60 digital employees. These capabilities underpin a full-process upgrade of financial services, improving operational efficiency, enhancing risk management and optimising customer experience.

At the awards ceremony, WeBank was recognized for its outstanding digital banking capabilities, retaining the titles of "Best Digital Bank in Asia Pacific" and "Best Digital Bank in China". This marks the Bank's seventh consecutive win of the Asia-Pacific award and its eighth win of the China accolade, prestigious international distinctions that underscore its leading position in the digital banking sector.

The Asian Banker noted that, underpinned by its leading digital technology capabilities, WeBank has developed a distinctive and differentiated model for inclusive financial services, establishing a commercially sustainable approach to digital inclusion. This model enables a broader segment of small and micro enterprises, as well as individual customers, to access financial services on an equal footing, supporting the high-quality development of inclusive finance.

Finance for Good, Staying True to Its Original Mission: Inclusive Finance and Warmth Gain International Recognition During the panel, WeBank's strong track record in serving micro, small and medium-sized enterprises (MSMEs) and its commitment to barrier-free innovation received high recognition during the selection, earning two major awards for the first time: "Best SME Bank in China (Digital Bank)" and "Best Customer Experience Initiative in Asia Pacific" for its Weilidai sign-language customer service project.

Small and micro enterprises are the capillaries of the real economy and core beneficiaries of inclusive finance. Since launching China's first digital, unsecured working-capital business loan product "Weiyedai" in 2017, WeBank has continued to explore a commercially sustainable model for digital inclusive finance. By leveraging technology to address the "short, small, frequent and urgent" funding needs that often constrain micro and small enterprises, the Bank has broadened access to timely, affordable credit and strengthened support for the real economy.

As of the end of 2025, Weiyedai had covered 30 provincial administrative regions in China, received more than 7 million applications from MSMEs and sole proprietors, and provided credit services to more than 1.8 million clients for a total amount of RMB 1.8 trillion. The Asian Banker noted that these results reflect WeBank's ability to harness digital technology to allocate financial resources with precision and efficiency, enabling countless micro and small enterprises across diverse industries to access timely funding.

Technology provides the engine, but WeBank aims to ensure the experience remains distinctly human. Guided by its mission of "Better Banking for All", WeBank embeds a customer-centric philosophy throughout its service model and actively advances accessibility in financial services. As early as 2015, WeBank established a dedicated accessibility task force, launched remote video identity verification for "Weilidai", and appointed full-time sign-language specialists to support customers with hearing impairments, ensuring they receive fast, convenient and secure financial services. "Weilidai" became the first bank-affiliated financial product in the industry to offer sign-language video customer service. To date, it has issued more than 265,000 loans to customers with hearing impairments, amounting to over RMB 1.17 billion.

Winning four major awards this year reflects strong international recognition of WeBank's achievements in technological innovation, inclusive finance and customer service. It also underscores the Bank's contributions to the wider community. Looking ahead, WeBank will continue to use technology as its core growth engine and inclusiveness as its guiding principle, further deepening financial innovation, enhancing service quality and efficiency, and providing sustained financial momentum to support the high-quality development of the real economy.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

Topics

Acts Income Tax