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
    Secretary, DFS Chairs review meeting on progress of Schemes of Financial Inclusion with Public Sector Banks (PSBs) and major Private Banks
    Chhattisgarh CM launches upgraded Seva Setu portal to expand digital access to govt services
    Court extends police custody of 4 TCS employees in male colleague's religious conversion case
    Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SC
    DFS takes measures for welfare of Persons with Disabilities (PwDs)
    West Asia conflict raises inflation risks; India’s domestic strength offers cushion: Finmin report
    Maha Bar Bench Conclave 2026 Sets Benchmark as Maharashtra’s First Legal Skilling Platform
    234 Homebuyers Get Relief as NCLT Approves Resolution Plan for Nirmal Lifestyle Mulund in INR 1,491 Cr. CIRP
    Sahajanand Medical Technologies Achieves ISO 50001 Certification, Among Early Adopters in India's Cardiovascular Device Manufacturing Sector
    Union Minister for Commerce & Industry Shri Piyush Goyal Highlights India’s Climate Leadership, Renewable Energy Expansion and Global Economic Engag...
    CIBF 2026: The World's Largest Battery Show Lands in Shenzhen — Powering the Global Green Energy Revolution
    10th India–Kenya Joint Trade Committee Meeting Held in Nairobi to Strengthen Bilateral Trade and Economic Cooperation
    Union Minister of Commerce and Industry Shri Piyush Goyal Announces 3-Year Fee Waiver for Sports-Related IP Registrations on World IP Day
    CBDT conducts mega outreach with theme ‘Bridging Borders, Building Trust’ at New Delhi
    CGST Delhi South Commissionerate detects fraudulent availment of Input Tax Credit (ITC) of around ₹60.59 crore through bogus invoices valued at ...
    Netherlands to explore possibility of importing roses from Punjab: CM Mann
    HIGHLIGHTS
    Delhi court rejects I-PAC director Vinesh Chandel's plea for interim bail
    Homebuyers 'fraud': ED attaches Raheja Developers' assets worth over Rs 1,110 crore
    Pan masala: FSSAI moots replacing plastic packaging with eco-friendly materials
❯❯
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 30, 2026
Show AI Summary
Financial inclusion drive pushes banks to expand rural access, strengthen digital reach, and serve marginalised communities.
Public and private banks were reviewed on progress under financial inclusion schemes such as PMJDY, PMJJBY, PMSBY, APY and PMMY, along with related livelihood and welfare programmes. The review emphasised expansion of branches in unbanked villages, deployment of banking correspondents, resolution of infrastructure and connectivity issues, and strengthening of digital banking with assisted and vernacular support for last-mile access.
April 29, 2026
Show AI Summary
Digital citizen services expand through Seva Setu with AI, WhatsApp access, multilingual support, and stronger service accountability.
Digital citizen service delivery under the Public Service Guarantee Act has been expanded through the upgraded Seva Setu e-District portal, designed to provide transparent, efficient, and more accessible government services through a single digital platform. The portal integrates artificial intelligence, Aadhaar-based e-KYC, DigiLocker, e-Pramaan, UMANG, WhatsApp, treasury and e-challan services, DBT linkage, QR-based verification, cloud storage, digital signatures, real-time dashboards, and MIS reporting, with availability in 22 Indian languages to reduce technical barriers and improve citizen access.
April 29, 2026
Show AI Summary
Police custody extension in religious conversion and sexual harassment allegations involving TCS employees and suspected financial links.
Police custody of four TCS employees was extended in connection with allegations arising from the religious conversion of a male colleague, while investigators examined the money trail and suspected international links. The accused were also charged with sexual harassment and with acts alleged to insult or wound religious feelings under the Bharatiya Nyaya Sanhita. The matter was being heard in camera, and separate judicial custody proceedings were noted in respect of one female accused.
April 29, 2026
Show AI Summary
Homebuyers' rights in stalled Unitech projects remain central as the court seeks an amicable resolution and faster completion.
The Supreme Court emphasised that the central objective in the Unitech proceedings was to secure delivery of homes to about 22,000 homebuyers and sought suggestions from the Centre-appointed board, banks, financial institutions, homebuyers and land-owning agencies for an amicable resolution. The background included earlier exemption from RERA registration to facilitate release of stalled homebuyer loans, management control being taken over by the Government, and authority given to the board to raise funds, monetise assets and complete housing units.
April 29, 2026
Show AI Summary
Persons with benchmark disabilities: public sector financial institutions must strengthen reservation, equal opportunity, and grievance redress mechanisms.
Reservation for Persons with Benchmark Disabilities in direct recruitment and promotion is to be implemented by public sector banks, insurance companies and other public sector financial institutions in line with Government of India instructions. Public sector financial institutions are also advised to hold periodic meetings with PwD Employees Welfare Associations, appoint a Chief Liaison Officer or Liaison Officer, adopt an Equal Opportunity Policy with board approval, and establish a Grievance Redressal Officer for PwD employees.
April 29, 2026
Show AI Summary
Supply-side shock from West Asia conflict heightens inflation risks, while India's domestic resilience and policy buffers provide partial insulation.
West Asia conflict is described as a supply-side shock that raises inflation, trade and financial-flow risks, while India's domestic demand, policy buffers and resilient financial system provide partial insulation. The report says energy and fertiliser supply uncertainty, a possible below-normal monsoon and a weaker rupee may intensify cost-push inflation, though banking-sector stability remains strong and the Reserve Bank of India is expected to maintain liquidity support. It also outlines trade measures, including the RELIEF scheme, Advance Authorisation reforms, maritime insurance arrangements and port-related facilitation.
April 29, 2026
Show AI Summary
Legal skilling and employability platform bridges classroom learning with courtroom practice through practical training modules.
Legal skilling and employability platform launched in Maharashtra through the Maha Bar Bench Conclave 2026, described as the State's first dedicated initiative to bridge academic legal education with practical courtroom training. The conclave featured structured training modules, hands-on practice sessions, and live participation by law students, with the stated aim of improving courtroom readiness, professional confidence, and access to practice-oriented legal learning.
April 29, 2026
Show AI Summary
Resolution plan approval in real estate insolvency protects homebuyers and advances completion of a stalled project.
Approval of a resolution plan for Nirmal Lifestyle (Mulund) Private Limited in corporate insolvency proceedings enabled completion of a stalled real estate project and addressed claims linked to about 234 homebuyers associated with the related partnership firm and its residential project, Nirmal Olympia, at Mulund. The plan was submitted by Mantra Properties and Developers Private Limited and reportedly received unanimous approval of the Committee of Creditors.
April 29, 2026
Show AI Summary
Energy management and sustainability certification define Sahajanand Medical Technologies' manufacturing approach, alongside an IPO disclosure and investor risk notice.
Sahajanand Medical Technologies obtained ISO 50001:2018 Energy Management System certification for its manufacturing facilities in Surat and Hyderabad, reflecting a structured approach to energy management, improved energy efficiency, environmental stewardship, and integration of sustainability into manufacturing operations. The company stated that its energy management framework supports monitoring and optimisation of energy consumption, solar-powered installations, proactive environmental management, and broader climate change mitigation efforts.
April 29, 2026
Show AI Summary
Renewable energy expansion and climate leadership shape India's push for cleaner growth, efficiency, and global economic engagement.
India's climate policy and energy transition are presented as a combined framework of renewable energy expansion, structural power-sector reform, and international climate leadership. India is described as having achieved its renewable energy goals ahead of schedule, raised clean energy ambitions, and strengthened a unified national grid to improve transmission efficiency, lower power costs, and support large-scale renewable integration. The transition to LED lighting and broader efficiency measures are highlighted as examples of how data-driven policy and behavioural change can reduce energy use and emissions while remaining economically viable.
April 29, 2026
Show AI Summary
Battery technology and low-carbon innovation drive CIBF 2026, highlighting energy storage, recycling and carbon footprint management.
Battery technology, energy storage and low-carbon innovation are the central themes of CIBF 2026, a large-scale international industry event in Shenzhen covering the battery value chain, advanced materials, intelligent manufacturing and circular recycling technologies. The accompanying forums address next-generation battery technology, electric aviation batteries, large-scale energy storage deployment and carbon footprint management, while highlighting green development through fuel cells, low-carbon manufacturing and recycling solutions.
April 29, 2026
Show AI Summary
Bilateral trade cooperation deepens as India and Kenya expand market access, customs facilitation and local currency settlement talks.
Bilateral trade and economic cooperation between India and Kenya was reviewed and strengthened at the Joint Trade Committee meeting in Nairobi, with emphasis on trade diversification, market access and institutional engagement. The discussions covered trade facilitation through standardisation cooperation, exchange of pre-arrival customs information, and possible use of local currency settlement mechanisms, along with broader sectoral collaboration in engineering, pharmaceuticals, agriculture, renewable energy, digital public infrastructure, capacity building and education.
April 29, 2026
Show AI Summary
Sports-related intellectual property fee waiver promotes innovation, eases registrations, and supports creators across the sports ecosystem.
All intellectual property registrations connected with sports, including trademarks, copyrights, patents, designs, traditional knowledge and geographical indications, were announced to be exempt from fees for three years with immediate effect. The initiative was presented as a special drive to promote innovation in the sports ecosystem, along with facilitation support under existing schemes to help innovators, students, artisans and other stakeholders file and secure IP rights.
April 29, 2026
Show AI Summary
International taxation outreach highlights tax certainty, voluntary compliance, and guidance on new tax law, rules, forms, and APA issues.
International taxation outreach was conducted to familiarise stakeholders with the new Income-tax Act, 2025, the Income-tax Rules, 2026, and the new forms, with particular emphasis on international taxation, transfer pricing, and advance pricing agreements. The programme also highlighted simplified laws, trust-based governance, decriminalisation of several provisions, timely taxpayer services, and data-driven NUDGE campaigns to encourage voluntary compliance. The outreach included brochures on safe harbour, APA, foreign tax credit, and TRC, and a demonstration of the AI-powered chatbot "Kar Sathi" for taxpayer guidance.
April 29, 2026
Show AI Summary
Fraudulent Input Tax Credit through bogus invoices led to detection of a GST evasion network and arrest of an accused.
Fraudulent availment and utilisation of Input Tax Credit through bogus invoices was detected in a GST evasion network involving a non-functional entity that passed fake ITC without actual supply of goods or services. Investigation also identified a smartphone trading entity as the principal beneficiary, and the son of its director was found to have knowingly availed and utilised fake ITC through paper transactions, attracting contravention of Section 16 and liability under Section 132 of the CGST Act, 2017.
April 28, 2026
Show AI Summary
Agricultural trade and innovation partnerships drive Punjab's outreach on horticulture exports, crop diversification, and research collaboration.
Punjab's investment promotion outreach to the Netherlands and Finland focused on expanding cooperation in agriculture, horticulture, industrial investment, education, research exchange, technology transfer, and startup collaboration. Discussions included the possibility of importing roses from Punjab, developing export-quality flower production, and exploring joint projects in modern agricultural techniques, sustainable farming, and high-value crops. The outreach also identified opportunities for global partnerships in innovation and agricultural development, including a proposed research and development unit and an innovation hub in Mohali.
April 28, 2026
Show AI Summary
Corporate guarantees as financial debt and limits on blocking roads for religious activities shape the latest legal developments.
Liabilities arising from corporate guarantees constitute financial debt under the Insolvency and Bankruptcy Code, and a consortium of banks led by SBI was recognised as financial creditors. Roads cannot be blocked in the name of religious activities; while a denomination has autonomy in the manner of worship, the government may interfere where a secular activity is affected.
April 28, 2026
Show AI Summary
Interim bail under money-laundering law requires exceptional humanitarian grounds, not general hardship or chronic family illness.
Interim bail in offences under the Prevention of Money Laundering Act must rest on compelling, immediate and exceptional humanitarian circumstances. A plea based on the deteriorating medical condition of the accused's mother was rejected because the court found no sudden or life-threatening emergency, noted that dementia is a chronic condition, and held that the materials did not show an acute crisis requiring the accused's immediate presence. The court also found that other family members were available and that alternative care arrangements had not been shown to be impossible.
April 28, 2026
Show AI Summary
Money-laundering probe over alleged homebuyer fraud leads to provisional attachment of Raheja Developers-linked assets.
Provisional attachment of immovable properties and related assets under the Prevention of Money Laundering Act was reported in a money-laundering investigation concerning alleged fraud against homebuyers by Raheja Developers and linked entities. The Enforcement Directorate stated that the case arose from FIRs alleging cheating of homebuyers and diversion of funds collected for residential projects. The agency alleged that project funds were routed through related entities and shell companies and used for purposes unrelated to the projects, while the company denied wrongdoing and attributed delays to missing infrastructure.
April 28, 2026
Show AI Summary
Plastic-free packaging norms proposed for pan masala, gutkha and tobacco with eco-friendly material options.
Food safety packaging regulations are proposed to be amended to expand the range of suggestive packaging materials for pan masala by including naturally derived and eco-friendly options such as paper, paperboard, cellulose and similar materials. The draft amendment states that packaging for gutkha, pan masala and tobacco in all forms should be free from plastic, including vinyl acetate-maleic acid-vinyl chloride copolymer, and that plastic sachets should not be used for storing, packing or selling those products.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

SMMARUN and ByteVerity Announce Global Partnership to Operationalise Responsible AI Governance - Made in India, Built for the World

May 21, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Gurugram, Haryana, India – Business Wire India • RAIGDRG™© + Defensible AI Counter™ — a deterministic runtime substrate that turns AI Governance from policy promise into examiner-ready, signed, offline-verifiable evidence.

• Built for Governments and Regulators, Public and Private Enterprise, Education Institutions, and Consulting and IT Partners across India, the Gulf, the European Union and the United States.

SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, today announced a global strategic partnership with ByteVerity, a runtime AI compliance platform with 121 patents filed. Branded RAIGDRG™© + Defensible AI Counter™, the partnership unites SMMARUN’s Responsible AI Governance and Digital Risk Governance consulting and Masterclass franchise with ByteVerity’s deterministic spine — designed, engineered and proven in India, and built to serve every regulated buyer of AI, anywhere in the world.

The here and now fact is that AI is moving faster than the governance that holds it accountable. The Stanford HAI 2025 AI Index recorded 233 AI-related incidents in 2024 — a 56.4% increase year-on-year. The EU AI Act (Regulation 2024/1689, Article 99) carries fines of up to €35 million or 7% of global annual turnover, with high-risk obligations from 2 August 2026. India’s DPDP Rules 2025 (MeitY, Gazette G.S.R. 846(E), notified 13 November 2025) layer penalties of up to ₹250 crore. RBI FREE-AI (13 August 2025) and MeitY’s India AI Governance Guidelines (5 November 2025) extend the perimeter to every regulated Indian entity. Across SMMARUN’s enterprise sample, 88% of organisations have adopted AI; only 23% can defend that adoption to a regulator.

We are bridging the gap between AI Promise and Reality, ‘Policy to Practice’, by providing ‘Defensible AI’, A Deterministic Substrate Under a Three-Pillar Practice. SMMARUN’s three pillars — (1) AI Governance, Fairness & Risk Management; (2) Masterclass in AI Governance; (3) AI-Driven Platform & Solutions — now carry a deterministic spine. ByteVerity sits under Pillar 3 and gives Pillars 1 and 2 something measurable to deliver against. ByteVerity’s Five Planes — Kernel, Compositor, Governor, Sovereign, Vault — map directly onto the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent) within the 4A InDoctrine™©. The result is not another policy document; it is signed, append-only, offline-verifiable evidence that a regulator, an internal auditor or an examiner can replay.

Three Buy-Tomorrow Engagements. The partnership goes to market with three productised offers: 1. 90-Day AI-Governance Readiness with Deterministic Spine — a fixed-scope sprint that stands up an AI Governance Operating Model, board-approved policy, Policy Packs and the ByteVerity runtime kernel against DPDPA 2023, RBI FREE-AI, MeitY’s India AI Governance Guidelines, IRDAI and SEBI — with global cross-walks to NIST AI RMF, ISO/IEC 42001, EU AI Act, SR 11-7 and 21 CFR Part 11.

2. Sovereign Data & National-Boundary IP Unlock — a Sovereign-plane deployment that locks data residency, model lineage and IP attribution inside national boundaries — purpose-built for Governments, Public Sector Enterprises, regulated private operators and the wider Indian and international technology ecosystem that needs provable digital sovereignty as the precondition for trustworthy AI.

3. Examiner-Ready Evidence Compression for SR 11-7 / 21 CFR Part 11 — a Vault-and-Governor stack that compresses SR 11-7 model risk documentation, 21 CFR Part 11 audit trails, ICH E6(R3) GCP records and CDSCO/ICMR submissions into signed bundles that survive offline verification — designed for banks, insurers, life-sciences operators and any examiner-facing function in any jurisdiction.

Built for Six Buyer Constituencies. RAIGDRG™© + Defensible AI Counter™ is engineered for six buyer constituencies: Governments and Regulators (RBI, MeitY, SEBI, IRDAI, the EU AI Office, SAMA, CBUAE and counterparts); Public Sector Enterprise; Private Enterprise across BFSI, Healthcare, Insurance and Life Sciences; Education Institutions — including IIT and IIM faculties partnering on Masterclass cohorts and joint research; Consulting and IT Partners working alongside SMMARUN’s platform-partner network; and the global Indian-led delivery ecosystem, including Global Capability Centres. One substrate. Six buyers. One signed page of evidence.

Global. Made in India. The partnership crystallises a doctrine that has been quietly building: that the world’s most rigorous AI governance fabric can be designed, built and proven in India — and then exported as Best-In-Class engineering to global regulators, global enterprises and global auditors. Global. Made in India. Governable everywhere.

QUOTES 1. Arjun Malhotra | Chairman, SMMARUN Global Advisory Board | Co-founder, HCL Group “In 1976, the question was whether Indians could build computers. In 2026, the question is whether Indians can build the governance fabric that makes the world’s AI trustworthy. SMMARUN and ByteVerity, together, give that question an Indian answer — humble in tone, world-class in engineering, and Best-In-Class in defensibility. Global. Made in India.” 2. Ravi Balwada | Advisor & Board Member, ByteVerity “With 121 patents filed across the sidecar, signing kernel, contract layer and Policy Pack catalogue, ByteVerity was built to be the deterministic spine of Responsible AI. SMMARUN brings the consulting depth, the Masterclass pedagogy and the regulator-grade frameworks; we bring the substrate that makes all of it measurable. Together, we are not selling another platform — we are giving CIOs, CROs, Chief AI Officers, regulators and auditors a Defensible AI Counter™ they can put in front of any examiner, anywhere.” 3. Preeti Mohan | Co-founder & Chief Responsible AI Governance, SMMARUN “Responsible AI cannot live only in slide decks and steering committees. It has to live in the runtime, in the evidence and in the everyday decisions of the people who build and operate these systems. With ByteVerity under our third pillar, SMMARUN can finally deliver Responsible AI Governance, Fairness and Risk Compliance as a measurable outcome — not an aspiration. Our 90-Day Readiness sprint, our Masterclass and our Sovereign Data offer are all now anchored to signed, replayable proof.” 4. Mohit Mahajan | Founder & CEO, ByteVerity “Prompts alone have never stopped a model from misbehaving in production. ByteVerity’s model agnostic substrate — Kernel, Compositor, Governor, Sovereign, Vault — was engineered so that every consequential AI action across any model operate within the organisational and team guardrails and carries a signed, tamper-proof, offline-verifiable receipt. Bringing this together with SMMARUN’s RAIGDRG™© practice and the Puneet Mohan 5P Model FrameWorkx™ closes the loop the industry has tolerated for too long: the gap between what companies write in their prompts and policies and what their models actually do at 3:47 a.m. on a Tuesday." About SMMARUN SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, India, is an AI Governance consultancy positioned around Responsible AI: Governance, Fairness & Risk Compliance, with the brand promise “Transforming Business. Bridging the gap between AI Promise & AI Reality.” SMMARUN delivers across three pillars — AI Governance, Fairness & Risk Management; Masterclass in AI Governance; and AI-Driven Platform & Solutions — anchored in the proprietary 4A InDoctrine™© and the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent). SMMARUN is led by Puneet Mohan, Founder – CEO & MD, Preeti Mohan, Co-founder & Chief Responsible AI Governance, with Arjun Malhotra serving as Chairman, SMMARUN Global Advisory Board.

SMMARUN Headquarters: Gurugram, Haryana, India • LLPIN: ACT-2625 About ByteVerity ByteVerity is a runtime AI compliance platform purpose-built as the deterministic substrate — the “Defensible AI Counter™” — for Responsible AI. Its architecture combines a sidecar, signing kernel, contract layer, Policy Pack catalogue and offline verification engine across five planes: Kernel, Compositor, Governor, Sovereign and Vault, with 121 patents filed. ByteVerity is founded and led by Mohit Mahajan as Founder & CEO, with Ravi Balwada serving as Advisor & Board Member, and is headquartered in Noida, India.

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

Topics

Acts Income Tax