Just a moment...

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 characters0/2000
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.
RelevanceDefaultDate
    Union Minister of Commerce & Industry Shri Piyush Goyal leaves for Singapore for 4th India-Singapore Ministerial Roundtable and 4th India-Singapore Bu...
    IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
    ED raids SP leader Azam Khan's Trust and university in UP
    Rupee rises 1 paisa to 95.73 against US dollar in early trade
    CCI approves acquisition of 23% equity shareholding of TM International Logistics by Tata Steel Ltd
    CCI approves acquisition of additional shareholding of Acko Technology & Services Pvt Ltd. by General Atlantic Singapore ACK Pte. Ltd
    Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India
    Department of Commerce Organises Awareness Session on EU CBAM Regulations for Exporters
    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
    Sitharaman calls on public sector banks to translate strength into competitiveness and leadership
    Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs
    I-T department officials discuss roadmap for improving services for taxpayers
    India-UK trade agreement to benefit Haryana's industries and services sector: CM Saini
    FM asks banks to keep pace with youth expectation; calls for outreach campaign from Oct 2
    CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company by Prudential Corporation Holdings
    Suspicious foreign remittances under I-T department scanner
❯❯
MaximizeMaximizeMaximize
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 SummariesHide All Summaries
    August 19, 2026
    Show AI Summary
    Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
    Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
    August 19, 2026
    Show AI Summary
    Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
    Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
    August 19, 2026
    Show AI Summary
    AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
    QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
    August 19, 2026
    Show AI Summary
    Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
    Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
    August 19, 2026
    Show AI Summary
    Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
    Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
    August 19, 2026
    Show AI Summary
    Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
    Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
    August 19, 2026
    Show AI Summary
    Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
    Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
    August 19, 2026
    Show AI Summary
    India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
    India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
    August 19, 2026
    Show AI Summary
    Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
    European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
    August 19, 2026
    Show AI Summary
    Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
    Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
    August 18, 2026
    Show AI Summary
    Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
    Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
    August 18, 2026
    Show AI Summary
    Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
    Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
    August 18, 2026
    Show AI Summary
    Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
    Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
    August 18, 2026
    Show AI Summary
    Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
    Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
    August 18, 2026
    Show AI Summary
    Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
    India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
    August 18, 2026
    Show AI Summary
    Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
    Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
    August 18, 2026
    Show AI Summary
    Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
    Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
    August 18, 2026
    Show AI Summary
    Suspicious foreign remittance verification targets shell entities and requires accountants to conduct diligent taxability checks before certification.
    Verification of suspicious outward foreign remittances focuses on entities with little or no reported business activity, their controllers, and accountants issuing tax-determination certificates. Scrutiny addresses remittances disproportionate to reported turnover, non-filers, entities not operating from declared addresses, and payments whose stated purposes appear inconsistent with reported activity. Form 15CB/Form 146 certification requires accountants to examine taxability through books of account and relevant documentation, validating tax deduction at source and applicable treaty compliance. Accountants must exercise due care, diligence and professional judgment before certifying remittances.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Customs & Trade

      BRFEDF Flags Systemic Issues in Shipping Line Practices; Urges Urgent Policy Intervention Following DG Shipping Meeting

      April 27, 2026

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      New Delhi, Delhi, India (NewsVoir) The Directorate General of Shipping (DG Shipping), under the Ministry of Ports, Shipping and Waterways, Government of India, convened a high-level meeting with exporters and industry stakeholders on 17 April 2026 to address the ongoing crisis arising from disruptions in maritime services linked to geopolitical developments in the Middle East.

      The meeting formally recognized that the challenges faced by exporters are systemic, widespread, and not isolated incidents, cutting across sectors, ports, and shipment categories, and require policy-level intervention. Exporters across industries—including agri commodities, food products, FMCG, and handicrafts—highlighted severe operational and financial distress resulting from unilateral actions by global shipping lines.

      Containers remain stranded across ports, ICDs, and transshipment hubs due to service suspensions, rerouting, and cargo diversions. Despite the disruption in cargo movement, exporters continue to incur detention, demurrage, and multiple ancillary charges.

      Ms. Priyanka Mittal, Chairperson, Basmati Rice Farmers & Exporters Development Forum, stated, “We appreciate DG Shipping’s proactive step in formally documenting exporter grievances and acknowledging the scale and seriousness of the issue. However, the situation on the ground continues to remain extremely challenging for exporters.” Exporters reported widespread imposition of charges that are arbitrary, non-transparent, and disproportionate to services rendered, including war risk surcharges (WRS), detention, demurrage, congestion levies, and transshipment-related costs. War risk surcharges alone have ranged from USD 800 to USD 6,000 per container, often imposed without prior notice or revised retrospectively. In several cases, cumulative charges have escalated to 60–70% of cargo value, rendering exports commercially unviable.

      Operational disruptions have further aggravated the situation, with shipping lines unilaterally: • Diverting cargo to alternate ports such as Jebel Ali, Sohar, and Salalah • Holding containers at transshipment hubs without clarity on onward movement • Returning containers to origin ports (“back-to-town” scenarios) These decisions have been taken without adequate consultation with exporters, while the financial burden arising from such disruptions continues to be borne entirely by them.

      “Exporters are effectively being asked to absorb open-ended financial liability for circumstances entirely beyond their control. This is not sustainable and requires urgent correction,” Ms. Mittal added.

      A key concern highlighted during the meeting was the lack of transparency and absence of standardized norms governing shipping line charges. Exporters noted that charges are frequently imposed without adequate justification or cost breakdown, and often communicated after cargo movement has commenced, creating significant uncertainty and contractual risk.

      The discussions also brought out a critical structural gap in India’s maritime ecosystem, including the absence of a clear regulatory framework governing shipping line practices, lack of standardization in the application of detention and demurrage, and absence of defined protocols for handling force majeure situations and cargo diversions.

      “In this context, the continued imposition of charges without commensurate service delivery raises important questions of alignment with the principles of fairness, reasonableness, and carrier obligations embedded within India’s maritime regulatory framework, including the Merchant Shipping Act,” Ms. Mittal noted.

      Exporters, particularly MSMEs, highlighted a significant imbalance in bargaining power between large global shipping lines and individual exporters, leaving them with limited recourse and exposing them to disproportionate financial risks. The ongoing accumulation of charges has created what many described as a “running meter,” severely impacting working capital and, in some cases, forcing exporters to consider abandoning cargo.

      Beyond immediate financial stress, the situation is straining export commitments, disrupting long-standing buyer relationships, and undermining India’s credibility as a reliable supplier in global markets.

      DG Shipping informed participants that complaints have been formally registered, assigned unique tracking mechanisms, and will be consolidated for submission to the Inter-Ministerial Group (IMG), DGFT, and other relevant authorities for policy-level consideration. Industry bodies including FIEO have also submitted consolidated representations reflecting the widespread nature of the issue.

      While acknowledging the facilitative role played by DG Shipping, the industry has urged time-bound and decisive intervention, including: • Ensuring that charges are strictly linked to actual services rendered • Directing shipping lines to release and allow return of containers without linkage to disputed charges • Establishing clear regulatory guidelines for treatment of cargo during force majeure and geopolitical disruptions • Introducing standardized norms and transparency requirements for shipping line charges “Immediate relief is essential to prevent further financial damage. At the same time, this situation presents an opportunity to address long-standing structural gaps and create a more transparent, balanced, and resilient maritime trade framework for India,” Ms. Mittal said.

      The industry emphasized the need for a collaborative, rules-based approach, with regulators, shipping lines, and exporters working together to ensure continuity of trade while upholding fairness and accountability.

      Exporters remain hopeful that the ongoing engagement will lead to timely, structured, and enforceable solutions that safeguard India’s agri, FMCG, and MSME export sectors—critical pillars supporting farmer incomes, employment, and the broader economy.

      “If left unaddressed, such practices risk setting a precedent that could undermine confidence in India’s maritime trade framework and distort fair market conduct,” Ms Mittal concluded.

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

      Topics

      ActsIncome Tax