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
    ED attaches over Rs 39-cr assets of Al-Falah chairman Siddiqui, his charitable Trust
    RBI invites comments on the Draft “Reserve Bank of India (Branch Authorisation) Amendment Directions, 2026”
    DBS Bank India launches relationship-led banking, for India’s globally mobile, emerging affluent
    Most Gujarat industries functional despite West Asia crisis; no issue of gas availability: Officials
    Delhi court grants bail to 'conman' Sukesh Chandrasekhar in money laundering case
    Release of Draft Uniform Guidelines for Compilation of Gross State Value Addition (GSVA) Estimates with Base Year 2022-23 and District Domestic Produc...
    All-India Workshop on State Income and Related Aggregates with new base year (2022-2023) during 8th to 10th April, 2026, Visakhapatnam, Andhra Pradesh
    ‘bob SAMVAD’, an AI-powered multilingual conversational platform of Bank of Baroda to transform in-branch customer interactions launched in Mumbai
    Stopgap measures aren't enough to halt rising prices as world scrambles for more oil
    Rupee falls 10 paise to close at 93.00 against US dollar
    GST officer, aide arrested for taking Rs 9,000 bribe in Navi Mumbai
    Rupee falls 17 paise to 93.07 against US dollar in early trade
    Rupee rises 28 paise to close at 92.90 against US dollar
    Govt imposes export curbs on wood briquettes
    LDF in ‘secret deal’ with BJP to shield corruption, alleges Priyanka Gandhi
    India has enough fiscal space to push capex, support sectors impacted by West Asia crisis: FM
    Bihar govt aiming to attract Rs 50 lakh crore investments in 5 years: Minister
    2 LPG tankers sail through Strait of Hormuz, 16 still stranded
    CBI claims over Rs 73K crore bank 'fraud' in Anil Ambani Group probe; ED flags IBC irregularities
    Have fiscal space to support sectors affected by West Asia crisis: FM
❯❯
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
April 7, 2026
Show AI Summary
Provisional attachment under money laundering law freezes Al-Falah-linked assets amid alleged diversion of proceeds of crime.
Provisional attachment under the Prevention of Money Laundering Act was issued against residential and agricultural immovable property, demat holdings, bank balances and fixed deposits linked to Al-Falah Group chairman Jawad Ahmad Siddiqui and Al-Falah Charitable Trust. The attachment was stated to freeze the properties pending further proceedings in an ongoing money laundering probe concerning alleged generation and diversion of proceeds of crime through the trust and university, including routing of funds through controlled entities and alleged siphoning of funds to a foreign destination.
April 7, 2026
Show AI Summary
Business correspondent framework reform proposes new delivery point definitions, simpler eligibility norms, and uniform remuneration arrangements.
Reserve Bank of India has issued draft amendment directions for public comments across multiple categories of banks, revising branch authorisation and the business correspondent framework. The proposals define branch, Business Correspondent-Banking Outlet and Business Correspondent-Banking Touchpoint, simplify eligibility criteria for engaging business correspondents, subsume Business Facilitators under the business correspondent model, and standardise commission and remuneration arrangements in the business correspondent ecosystem.
April 7, 2026
Show AI Summary
Relationship-led banking targets the emerging affluent with premium service features, digital access, and zero forex mark-up benefits.
DBS Bank India introduced DBS Aspire, a relationship-led banking proposition aimed at the emerging affluent segment and globally mobile customers seeking premium service features with digital access. Eligibility is linked to a total relationship value of Rs. 10 lakh or a minimum monthly savings account average balance of Rs. 2 lakh. The programme includes a DBS Aspire debit card with zero forex mark-up on international spends, zero charges on banking transactions and services, access to a relationship manager, competitive savings account returns on eligible balances, and access to the bank's digiportfolio investment platform.
April 7, 2026
Show AI Summary
Industrial viability and gas availability in Gujarat remain intact despite West Asia disruptions, officials say.
Industrial activity in Gujarat remains largely functional despite the West Asia crisis, with officials stating that gas supply is fully available and that shutdowns in some sectors are driven mainly by viability, pricing, logistics and export-demand pressures rather than fuel shortage. The State Government is monitoring fuel supply, logistics and operational disruption, prioritising critical sectors, and has permitted temporary use of alternative fuels such as agro-waste, biofuels and briquettes to ease pressure on gas consumption.
April 7, 2026
Show AI Summary
PMLA bail principles shape relief in a money laundering case despite multiple pending proceedings and prolonged detention.
Bail was granted in a money laundering complaint under the PMLA arising from the AIADMK "two leaves" symbol matter. The court held that the pendency of multiple cases did not, by itself, defeat the accused's right to bail in the present case when detention had crossed more than half of the proposed imprisonment period. It also noted that the accused was already on bail in most connected cases and had undergone prolonged detention because the predicate offence and PMLA proceedings had remained stayed.
April 7, 2026
Show AI Summary
Regional accounts standardisation advances with draft guidelines for Gross State Value Addition and district income estimates.
Uniform guidelines have been released for the compilation of Gross State Value Addition estimates and District Domestic Product estimates, with a revised base year intended to improve accuracy, consistency and comparability of regional economic measurement. The framework aligns regional accounts with national accounts, emphasises updated data sources, refined estimation techniques, improved district allocation methods and standardised compilation practices across States and Union Territories.
April 7, 2026
Show AI Summary
Base year revision for national and state accounts supports more accurate, consistent, and comparable economic estimates.
The base year for National Accounts has been revised to 2022-23 to reflect the current structure of the economy, incorporate updated data sources, and align estimation practices with international standards. States and Union Territories are also to revise the base year for Gross State Domestic Product so that state-level estimates remain accurate, consistent, and comparable. A three-day workshop is being organised to discuss methodological changes in GSDP compilation and draft uniform guidelines for District Domestic Product.
April 7, 2026
Show AI Summary
Multilingual banking platform bob SAMVAD enables real-time branch conversations and makes customer service more inclusive.
AI-powered multilingual banking platform bob SAMVAD was launched to transform in-branch customer interactions through real-time, low-latency two-way communication in local languages. Developed in-house, it removes language barriers at branch counters by allowing customers and staff to communicate in their preferred language. The platform uses AI-driven speech and language technologies to translate spoken or typed queries instantly, with text display and an optional voice mode for audio access. It is being rolled out in phases across the branch network.
April 7, 2026
Show AI Summary
Global oil supply disruption limits emergency reserve releases, sanctions waivers, and shipping fixes as prices remain elevated.
Rising oil and gasoline prices after disruption to Middle East supply routes have led governments to deploy emergency reserves, sanctions waivers, and shipping measures to add oil to the market. The article says these steps are only incremental and cannot fully replace the volumes stranded by conflict-related disruption, especially while transit through the Strait of Hormuz remains blocked. Analysts emphasize that resumption of transit is the most important step to restore stable oil and gas flows, and note that U.S. production and refinery constraints limit the effect of short-term fixes.
April 7, 2026
Show AI Summary
Rupee depreciation and forex curbs weigh on currency sentiment amid geopolitical uncertainty and monetary policy watch.
The rupee weakened against the US dollar and closed at 93.00 (provisional) amid foreign capital outflows, a firm dollar, higher crude oil prices and geopolitical uncertainty. Market participants remained focused on the Reserve Bank's forthcoming monetary policy review, while the Reserve Bank had tightened foreign exchange market safeguards to curb speculative positions and cap banks' net open positions at USD 100 million.
April 7, 2026
Show AI Summary
Bribery in tax compliance notices led to arrests of a GST official and his aide in Navi Mumbai.
A Goods and Services Tax official and his aide were arrested by the Navi Mumbai Anti-Corruption Bureau for allegedly accepting a bribe in connection with show-cause notices relating to Profession Tax Enrollment Certificate and Profession Tax Registration Certificate. The complaint alleged a demand to settle the notices, and the accused were caught while receiving part of the demanded amount.
April 7, 2026
Show AI Summary
Rupee pressure from capital outflows, firm dollar and crude prices persists despite RBI measures to curb speculation.
The rupee depreciated in early trade amid continued foreign capital outflows, a firm US dollar and elevated crude oil prices in a volatile geopolitical setting. The Reserve Bank of India had recently tightened rules to curb speculative positions and capped banks' net open positions at USD 100 million, which traders said had helped stabilise the currency and limit extreme weakness. The exchange-rate outlook was described as range-bound with volatility, with traders awaiting the Reserve Bank's monetary policy decision.
April 6, 2026
Show AI Summary
Rupee volatility control measures support the currency as the Reserve Bank tightens speculative position limits.
Rupee appreciated against the US dollar after the Reserve Bank of India tightened foreign exchange rules to curb speculative positions and reduce currency volatility. The measures included capping banks' net open positions at USD 100 million and restricting activity in onshore forward markets. Market participants viewed the steps as supportive of the rupee, although pressure continued from foreign capital outflows, a firm dollar, higher crude oil prices and heightened geopolitical tensions.
April 6, 2026
Show AI Summary
Export curbs on wood briquettes shift shipments to restricted authorisation amid West Asia supply concerns.
Export policy on wood briquettes is revised from free export to restricted export authorisation, so shipments may now be made only with government permission or a licence. The policy also eases exports of sawdust and wood waste and scrap, agglomerated in logs, briquettes, pellets or similar forms, from prohibited to restricted, with both categories now subject to restricted export authorisation.
April 6, 2026
Show AI Summary
Secret deal allegations and minority harassment claims dominate Priyanka Gandhi Vadra's Kerala poll campaign remarks.
Priyanka Gandhi Vadra alleged that the CPI(M)-led LDF and the BJP-led Centre had entered into a secret deal to protect political leadership and suppress scrutiny. She claimed that central agencies were used against critics of the Union government, while minorities, including Christians and nuns, were being harassed under BJP rule. She also accused both governments of corruption, favouring corporates and failing to address public concerns such as unemployment and price rise.
April 6, 2026
Show AI Summary
Fiscal prudence and capital expenditure strengthen India's room to support affected sectors and preserve macroeconomic stability.
Fiscal prudence has created room for the government to sustain capital expenditure, support sectors affected by the West Asia crisis, and permit further monetary easing if required. India's public finance framework is described as having shifted over the past decade from consumption-led deficits to productive investment-led consolidation, strengthening macroeconomic stability through efficient and transparent spending, comparatively low debt, strong foreign exchange reserves, and recent credit rating upgrades.
April 6, 2026
Show AI Summary
Industrial development and credit support drive investment, entrepreneurship, and manufacturing growth across Bihar's priority sectors.
Industrial development is being prioritised through investment attraction, land allotment, project execution, and scheme-based financial support for startups, women-led ventures, micro-enterprises, and artisan sectors. The financing framework also includes efforts to increase bank lending, a committee to address credit concerns, higher lending through NABARD, and continued promotion of ethanol production and procurement alongside handloom, khadi, and handicraft initiatives.
April 6, 2026
Show AI Summary
Strait of Hormuz transit remains open for Indian-flagged LPG tankers despite conflict disruptions
Indian-flagged LPG tankers continued to transit the Strait of Hormuz despite the West Asia conflict, with two additional vessels safely crossing and proceeding toward Indian ports while 16 other Indian-flagged vessels remained stranded in the Persian Gulf. Officials stated that maritime operations remained safe and uninterrupted, and that the vessels still in the region included LNG, LPG, crude, container, dredger, chemical, and bulk cargo ships. The report notes that no information was available regarding any fee for passage through the strait, and records that Iran has said non-hostile vessels may transit after coordination with Iranian authorities.
April 6, 2026
Show AI Summary
Bank loan fraud and insolvency irregularities probe widens as agencies examine alleged collusion, NBFC funding, and discounted claims settlements.
Bank loan fraud allegations involving the Reliance Anil Ambani Group are under investigation by the CBI and the ED, with the CBI examining seven registered cases and the ED flagging a purported Project Help arrangement and possible insolvency irregularities. The agencies are pursuing connected cases involving financing through NBFCs, discounted settlement of claims, and the possible role of public servants, while being directed to coordinate, cooperate, and complete the inquiry in a fair, transparent, independent, and time-bound manner.
April 6, 2026
Show AI Summary
Fiscal space supports targeted relief, capital spending, and potential rate cuts amid West Asia crisis pressure.
Fiscal prudence and debt management have created fiscal space to support sectors affected by the West Asia crisis, maintain the capital expenditure programme, and permit targeted relief measures in response to external volatility. The discussion also notes that the Reserve Bank has room to cut interest rates to address wider global challenges, with emphasis on maintaining policy flexibility, supporting affected sectors, and cushioning price pressures arising from the crisis.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

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