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
    India Hosts Kimberley Process Intersessional Meeting 2026 in Mumbai
    Jaipur gold traders fear demand slump after PM Narendra Modi’s call to avoid buying gold
    Welspun One signs LoI with Balmer Lawrie for warehousing space in Mumbai
    Prosperous States for a Prosperous India - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India, delivered at the ‘Columbia Indian Eco...
    Avoid destination weddings abroad, opt for online school classes: PM continues austerity push
    Deve Gowda welcomes PM Modi’s call for fuel savings, forex conservation
    Rupee crashes 79 paise to close at all-time low of 95.28 against US dollar
    India has sufficient fuel stocks, no rationing planned, says oil ministry official
    Govt says ample stock of fertilisers to meet Kharif demand, no need for panic buying
    Amaravati to get Punggol-style integrated township: Andhra Minister Nara Lokesh
    How Portable AC Units Work and What to Look for Before Buying One This Summer
    Sensex falls over 1,300 pts as high crude oil prices, PM austerity appeal unnerve investors
    China's passenger car exports surge nearly 85 pc in April as domestic sales slump
    Rupee crashes 82 paise to close at all-time low of 95.31 against US dollar
    CBI Apprehends CGST Superintendent, Balasore, Odisha in Bribery Case
    Chandigarh University Online Launches Five Industry-Backed, Future-Ready Programs in AI, Product Management, Project Management and Technology
    AU Small Finance Bank Revises Savings Account Interest Rates to 6.75%* p.a.
    PM austerity appeal row: BJP's counterattack on Rahul Gandhi invokes Nehru's speech
    Ground-level economic situation far removed from govt’s propaganda: Cong on PM's appeal
    Jewellery stocks tumble; Sky Gold slumps over 12 pc
❯❯
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
May 12, 2026
Show AI Summary
Kimberley Process certification and compliance drive efforts to strengthen trust in ethically sourced natural diamond trade.
The Kimberley Process Intersessional Meeting 2026 in Mumbai focuses on implementation of the Kimberley Process Certification Scheme, monitoring and compliance mechanisms, artisanal and alluvial diamond production, statistics and measures to strengthen trust in the natural diamond value chain. The Kimberley Process Certification Scheme is an international initiative established pursuant to United Nations General Assembly Resolution 55/56 (2000) to prevent conflict diamonds from entering the legitimate diamond trade, with India's 2026 Chairship centred on credibility, compliance and consumer confidence.
May 12, 2026
Show AI Summary
Gold jewellery demand concerns emerge as traders warn of pressure on artisans, exporters and small businesses.
Gold jewellery traders in Jaipur expressed concern that a call to avoid buying gold for a year could reduce demand for ornaments and affect the wider gems and jewellery trade. Industry stakeholders linked any sustained fall in gold demand or availability to pressure on workers, artisans, small traders, exporters and showrooms, noting that Jaipur functions as a major centre for gemstones, gold jewellery manufacturing and exports. Trade representatives urged a distinction between consumption-based and export-linked imports, policy support for recycling and exchange schemes, and greater stability in the import duty and taxation structure.
May 12, 2026
Show AI Summary
SEZ warehousing partnership expands port-linked logistics and faster clearance access through a sublease arrangement in Mumbai.
Welspun One entered into a Letter of Intent with Balmer Lawrie & Co. for the sublease of Grade A+ warehousing space at WTC Nhava Sheva in the JNPA special economic zone. The arrangement is intended to give Balmer Lawrie access to SEZ warehousing facilities over a five-year term, with the site positioned for customs duty deferment, faster clearance and value-added logistics services.
May 12, 2026
Show AI Summary
Economic growth and state-level convergence shape India's path to prosperity through fiscal discipline, GST reform, and targeted state strategies.
India's economic growth has accelerated steadily over four decades, alongside stronger macroeconomic stability, fiscal consolidation, unification of indirect taxation through GST, and a Flexible Inflation Targeting framework that has anchored inflation expectations and enhanced policy credibility. Across states, per capita income has risen sharply, but growth remains uneven even as divergence has narrowed and welfare indicators have converged more decisively. The speech emphasises that future prosperity will require differentiated state-specific growth strategies and a clearer alignment between national and state policy levers.
May 11, 2026
Show AI Summary
Austerity measures urged to cut foreign-currency spending, reduce fuel use, and shift travel, work and schooling domestic
Austerity measures were urged as a public response to global disruption caused by the West Asia crisis, with emphasis on reducing avoidable foreign-currency expenditure and shifting daily activities toward lower-cost, domestic alternatives. Citizens were asked to avoid foreign vacations and destination weddings abroad, defer gold purchases, reduce consumption of edible oils, limit use of imported products, and curtail fuel consumption through public transport, electric mobility and carpooling.
May 11, 2026
Show AI Summary
Foreign exchange conservation drives fuel savings, reduced travel and restrained consumption amid West Asia conflict pressures.
Calls for judicious use of fuel and foreign exchange conservation in response to the West Asia conflict emphasise reduced petrol and diesel consumption, greater use of metro rail, carpooling, electric vehicles, railway parcel services and work from home. The appeal also includes postponing gold purchases and foreign travel for one year as measures to ease pressure on the economy and preserve foreign exchange reserves amid disruptions to fuel transport and other global supply effects.
May 11, 2026
Show AI Summary
Foreign exchange pressure drives rupee to record low as dollar strength, crude prices and capital outflows intensify.
Foreign exchange market pressure pushed the rupee to a record closing low against the US dollar amid a stronger greenback, rising crude oil prices, and heavy foreign capital outflows. Geopolitical tensions in West Asia, domestic appeals to reduce spending on fuel, gold, and foreign travel, and weakness in domestic equities all added to market volatility and pressure on the local currency.
May 11, 2026
Show AI Summary
Fuel supply stability and no rationing planned as India strengthens inventories, sourcing, and demand management.
India is maintaining adequate fuel and LPG inventories despite disruptions in global energy markets, and no rationing of fuel supplies is planned. The government has kept domestic prices stable, secured additional cargoes, increased procurement from existing and alternative suppliers, and used fiscal measures, including excise duty cuts on petrol and diesel, to absorb part of the price shock. Authorities have also managed supply disruptions through diversified sourcing and calibrated demand-management steps.
May 11, 2026
Show AI Summary
Fertiliser availability remains comfortable as government bolsters Kharif supply, stabilises prices, and curbs hoarding.
Fertiliser availability for the upcoming Kharif sowing season remains comfortable, with stocks above the usual seasonal benchmark and additional imports and domestic production supplementing supply. Major fertiliser prices have remained stable, urea pricing is fixed, and further quantities of NPK complexes, DAP, triple super phosphate and ammonium sulphate have been secured to support peak-season demand. Measures are also being taken to promote balanced fertiliser use and prevent hoarding, diversion and black-marketing at the state level.
May 11, 2026
Show AI Summary
Integrated township development in Amaravati gains momentum with Singapore model cooperation, trade connectivity and MICE infrastructure planning.
Integrated township development in Amaravati is being advanced as a Singapore-modelled urban project, intended to serve as a benchmark development and to support the Amaravati Economic Region. The state has invited requests for proposals and is pursuing monthly working-group consultations to implement the existing memorandum of understanding covering township development, digital transformation and real-time governance. Cooperation is also being sought on trade connectivity, a pilot digital trade corridor, and a dedicated MICE policy with single-window approvals and new infrastructure.
May 11, 2026
Show AI Summary
Portable air conditioner buying guide highlights cooling capacity, energy efficiency, portability, and EMI-based purchase options.
Portable air conditioners are described as an installation-free cooling option for rooms where window or split ACs cannot be fitted, especially for renters and small-apartment users. Buyers are advised to assess cooling capacity, BEE star rating, portability features, noise levels, exhaust hose length, and additional modes such as fan-only and dehumidifier functions. The purchase process includes browsing models, checking eligibility, selecting a partner store, and choosing an EMI plan with repayment tenures from 3 to 60 months and zero down payment on select models.
May 11, 2026
Show AI Summary
Crude oil price shock and austerity appeal weigh on investor sentiment amid foreign exchange and inflation concerns.
Stock market weakness was linked to rising crude oil prices, renewed geopolitical tension in West Asia, and concern over inflationary pressure, fuel costs, foreign exchange reserves, and the current account outlook. Investor sentiment was further affected by the Prime Minister's appeal for austerity and conservation of foreign exchange through reduced fuel use, postponement of gold purchases and foreign travel, greater use of public transport, carpooling, electric vehicles, rail services, and work from home.
May 11, 2026
Show AI Summary
Chinese EV exports surge as domestic car sales weaken amid global demand and trade pressures.
China's passenger car exports expanded sharply in April as automakers increased overseas shipments while domestic demand weakened. Passenger car exports rose by nearly 85 per cent year on year, with new energy passenger vehicle exports increasing by more than 120 per cent. Domestic passenger car sales fell for the sixth consecutive month, while Chinese brands continued expanding abroad and analysts pointed to stronger global EV demand and trade pressures shaping export prospects.
May 11, 2026
Show AI Summary
Rupee weakness deepens amid oil surge, dollar strength and foreign outflows, pressuring market sentiment and reserves.
The rupee fell sharply to a record low against the US dollar amid heightened West Asia tensions, a surge in crude oil prices, a stronger dollar and sustained foreign capital outflows. Market sentiment was also weakened by calls for austerity, including reduced discretionary spending and foreign travel, as part of efforts to conserve foreign exchange. India's foreign exchange reserves also fell in the latest reporting week, adding to pressure on the domestic currency.
May 11, 2026
Show AI Summary
Bribery allegations in GST refund processing led to a CBI trap and apprehension of a CGST superintendent.
Allegations of bribery against CGST officers led to a CBI trap operation after a complaint claimed that the Superintendent and Assistant Commissioner, CGST, Balasore, Odisha, demanded illegal gratification for release of a GST refund. The CBI registered the case on the basis of the complaint and laid a trap, during which the Superintendent was apprehended while accepting the bribe amount.
May 11, 2026
Show AI Summary
Industry-backed online degree programs expand AI, product management, and certification-led training for career-ready skills.
Industry-backed online degree programs are being launched to align higher education with a skill-first economy and AI-driven workforce needs. The programs emphasise employability, hands-on exposure, and real-world application, replacing purely theory-led learning with outcome-driven training that supports career growth and professional advancement. The portfolio includes data science, agentic AI, product management, and certification-linked management and technology programs designed to strengthen technology, business, and leadership readiness.
May 11, 2026
Show AI Summary
Savings account interest rate revision boosts returns with monthly credit, digital onboarding, and select zero-balance account options.
AU Small Finance Bank has revised its savings account interest rates to up to 6.75% per annum, applicable to select balance slabs and subject to periodic change. The savings account structure includes monthly interest credit, zero-balance options for select variants, and fully digital account opening through video KYC without a branch visit. The account is integrated with mobile and net banking facilities, fund transfers, UPI, IMPS, NEFT, bill payments, fixed deposit booking, account statements, and security features.
May 11, 2026
Show AI Summary
Austerity and self-reliance appeal amid West Asia conflict sparks political clash over responsible leadership.
Political exchange over the Prime Minister's appeal for austerity and economic self-restraint in the context of the West Asia conflict. The appeal urged citizens to conserve energy, reduce fuel consumption, use public transport and carpooling, postpone gold purchases and foreign travel, and prefer indigenous products and Swadeshi goods to conserve foreign exchange and support self-reliance. The response defended these measures as responsible leadership and invoked Nehru's remarks on the impact of wars abroad on India.
May 11, 2026
Show AI Summary
Foreign exchange conservation and fuel restraint shape a wider debate on austerity, consumption cuts, and economic stress.
Concerns were raised over the economic impact of the West Asia conflict and the possibility of tighter austerity measures, including higher fuel prices, as the government urged citizens to reduce consumption of petroleum products and other imports. The stated objective of these appeals was to conserve foreign exchange and reduce pressure on the economy amid rising supply-chain stress and increased prices of petrol and fertilisers. The measures advocated included greater use of metro rail, carpooling, electric vehicles, railway parcel movement, work-from-home arrangements, postponement of gold purchases and foreign travel, reduced edible oil consumption, lower use of chemical fertilisers, promotion of natural farming, and preference for Swadeshi products.
May 11, 2026
Show AI Summary
Foreign-exchange conservation appeal to delay gold purchases and travel weighs on jewellery demand and bullion sentiment.
Postponement of gold purchases and avoidable foreign travel was urged as a foreign-exchange conservation response to the West Asia crisis and higher crude prices. The appeal was linked to macroeconomic stability, trade deficit management, and pressure on the rupee and current account, while analysts said it could dampen short-term jewellery demand and sentiment across bullion-linked businesses.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Excise duty cut on petrol, diesel with eye on elections in four states: TMC member Saket Gokhale

March 27, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Mar 27 (PTI) The excise duty cut on petrol and diesel has been done with an eye on the upcoming assembly elections in four states and not because the government cared for consumers, TMC Rajya Sabha member Saket Gokhale.

Participating in a discussion on the Finance Bill 2026 in the Upper House, Gokhale demanded an assurance from Finance Minister Nirmala Sitharaman that fuel prices will not be increased after April 29, when voting is completed in four states -- Assam, West Bengal, Tamil Nadu, and Kerala.

After the excise cut was announced, he said ministers of the government have been saying "since morning how the Modi government is taking a hit at its own resources, to its own revenues, instead of increasing petrol and diesel prices".

"This is happening because four major states are going to elections. The only reason that this excise duty cut has been done today is because this government cannot, absolutely cannot, raise fuel prices when four major states are going into elections," Gokhale asserted.

If the government really cared for the welfare of people so much and did not want to burden them with high prices, he asked why the benefit of buying discounted crude from Russia in the last four years was not passed on to consumers.

"For the last four years the government was purchasing crude oil at extremely discounted prices, below USD 60 per barrel. We were purchasing discounted crude from Russia. In these four years, (out of) this benefit... not a single rupee was passed on to consumers at petrol and diesel pumps," Gokhale noted.

The TMC member asked if the finance minister will "give a commitment on the floor of this House that after April 29 when the voting is completed in all the four states, the government will promise that it will not increase the petrol and diesel prices at fuel pumps even by one rupee?" He further said, "That is the commitment that the finance minister should give today, that this excise duty is permanent. We are not going to raise prices after April 29." Gokhale alleged that "the government does not think about people, they only think about elections." Sanjay Seth of BJP, however, said the war in West Asia has spiked crude oil price and most countries in the world have hiked their domestic oil prices.

"But the government cut excise duty instead of passing the burden on common people... this shows how Prime Minister Narendra Modi is concerned about the common people," he asserted.

Taking part in the discussion, Shaktisinh Gohil of Congress said the Budget did not have anything for the poor and the middle class, while the benefits have only been provided to the rich and big corporate houses.

While flagging lack of steps to tackle high unemployment among the youth, he also lashed out at the government for removing import duty on items like soya bean and said the interest of Indian farmers has been compromised.

How will Indian farmers compete with those in the US who have large land parcels using modern machinery and are subsidised by the government there, Gohil asked.

He also questioned the rationale behind making zero import duty on critical minerals saying no foreign player will be willing to make large investments for exploration in the sector in India.

P Wilson of DMK in his remarks said the NDA government came to power promising 'Sabka Saath Sabka Vikas' but "what we have today (is) a regime 'Sabka Bojh Sirf Unka Vikas', which means burden on many and benefits for the chosen few." In the Budget, welfare expenditure has been slashed, gender budget has been cut and schemes that sustain the poor have been shortchanged, he added.

The members of the House also raised issues related to GST and defence budget allocation.

Ashok Kumar Mittal of AAP said on GST that while the government claimed ease of doing business has improved, the ground reality is different. It has become "ease of doing harassment and a mode of tax terrorism", he alleged.

"In 2024, 40,000 MSMEs and 10,000 startups were forced to shut," Mittal said, observing that first, the tax liability of a business is calculated, followed by raid on a shopkeeper and officials have the power of immediate arrest.

He also called for effective utilisation of public money, saying Rs 48,000 crore was allocated for Smart City Yojana but "we don't know of a single smart city".

He also alleged cost overruns and missed deadliness on the Ahmedabad-Mumbai bullet train project.

S Niranjan Reddy of YSRCP urged the government to "please do something out of the box for ensuring that the defence Budget and the defence allocation goes up".

He called for improvement in judicial infrastructure and justice delivery mechanism.

Pointing at several capacity constraints, Reddy highlighted the huge pendency of cases in various courts, saying the pendency is affecting justice delivery mechanism.

Suggesting a faster adoption away from oil and gas, he called for removal of GST on electric vehicles.

He also urged the government to consider increasing the speed of privatisation of PSUs.

Manas Ranjan Mangaraj of the BJD pointed to a "pattern of systematic neglect of Odisha", saying the state is not asking for charity but for its rightful share.

He also demanded fiscal incentives and a fair share of mineral royalties for the state, saying on Odisha tourism has immense untapped potential. PTI RKL RSN TRB

Topics

Acts Income Tax