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
    RBI Issues Revised Draft Amendment Directions on ‘Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents’
    Comptroller and Auditor General of India, Shri K. Sanjay Murthy addressed the 17th Annual Day event of Competition Commission of India
    CCI approves the acquisition of a certain stake of Restaurant Brands Asia Limited (Target) by Lenexis Foodworks pvt Ltd (LFPL), Aayush Agrawal Trust (...
    CCI approves proposed acquisition of Baharampore - Farakka Highways, Devanahalli Tollway Pvt Ltd, Western MP Infrastructure and Toll Roads Pvt Ltd and...
    CCI approves the acquisition of certain shareholding in Neysa Networks Pvt Ltd by BCP Asia II Topco V Pte. Ltd., Asia II Topco XIV Pte. Ltd., and othe...
    PFRDA conducts Atal Pension Yojana Annual Felicitation Programme at New Delhi
    Andhra govt clears over 800 acres for RIL’s Rs 1 lakh-cr AI data centre in Vizianagaram district
    ITA flags financial stress in tea sector despite record export of 280 million kg
    Banks cannot disable mobile phones of defaulting borrowers: RBI proposal
    Parliamentary panel expresses concern over investments in cryptocurrencies
    Modi, Shah 'traitors' who sold Hindustan, alleges Rahul
    AERA fixes Rs 620 user development fee for Navi Mumbai airport for departing domestic passengers
    BJD MP meets FM, seeks structured GST Council deliberations to include petrol, diesel under GST
    Bajaj Finance Personal Loan Enables Easier Repayment Planning with up to 108-month Tenure
    India's toffee exports jump 166 pc in 12 years to reach Rs 132 cr in 2025-26
    ZikZuk Technologies Receives RBI Authorisation To Operate As Prepaid Payment Instrument Issuer
    EU overcomes fierce internal debate to agree on tariff deal with US
    India to Host 68th Session of Asian Productivity Organization Governing Body in New Delhi
    Political immaturity, mental bankruptcy: BJP leaders on Rahul Gandhi's remark against PM, HM, RSS
    Ensure Aadhaar is used strictly as identity proof: Plea in SC
❯❯
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 21, 2026
Show AI Summary
Loan recovery rules: RBI issues revised draft directions on recovery agents and technology-based default controls for consultation.
The Reserve Bank of India has issued revised draft Amendment Directions for public consultation on the conduct of regulated entities in recovery of loans and the engagement of recovery agents. The revised drafts incorporate stakeholder feedback, including proposals on technology-based mechanisms to restrict or disable certain functionalities of financed mobile devices in cases of borrower default. The consultation covers multiple categories of regulated entities and invites comments through the online portal or by email within the specified period.
May 21, 2026
Show AI Summary
Competition enforcement in digital markets increasingly hinges on data control, AI risks, and stronger procurement oversight.
Competition enforcement is described as a core element of economic governance, especially in digital and technology-driven markets where market power may arise from control over data and ecosystems. The material highlights cartelization, abuse of dominance, bid-rigging and public procurement scrutiny as key concerns, and stresses the complementary role of competition enforcement and audit. It also notes recent institutional and regulatory measures by the Competition Commission of India, including revised regulations, settlement and combination procedures, and a market study on artificial intelligence and competition.
May 21, 2026
Show AI Summary
Stake acquisition approval in Restaurant Brands Asia combines equity subscriptions, warrant subscriptions, purchases and an open offer.
Approval was granted for the acquisition of a certain stake in Restaurant Brands Asia Limited by Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, Aayush Madhusudan Agrawal and Inspira Agro Trading LLC through equity subscriptions, warrant subscriptions, equity purchases and an open offer. The transaction is structured as a proposed combination involving multiple acquisition steps and concerns the target company's stake and franchise business in India.
May 21, 2026
Show AI Summary
Competition clearance for acquisition of road highway operating special purpose vehicles by an infrastructure investment trust.
Competition Commission of India approved the proposed acquisition of the entire equity share capital of four road and highway operating special purpose vehicles by Cube Highways Trust. The trust is a SEBI-registered infrastructure investment trust, and the target entities are Indian companies operating roads and highways through governmental concessions.
May 21, 2026
Show AI Summary
Competition Commission approval for acquisition of Neysa Networks by Blackstone affiliates and co-investors in the AI cloud services sector.
Competition Commission of India approved the acquisition of a controlling stake and certain shareholding in Neysa Networks Private Limited by Blackstone affiliates and other co-investors. The proposed combination includes multiple investors acquiring stakes in the AI-focused cloud services provider, which enables enterprises, startups, and public sector organisations to deploy and scale AI workloads securely and cost-effectively.
May 21, 2026
Show AI Summary
Atal Pension Yojana expansion highlights growing retirement security, higher enrolments, and wider inclusion across subscriber groups.
Atal Pension Yojana is being expanded nationwide as a social security and retirement preparedness initiative, with PFRDA reporting continued growth in gross enrolments, assets under management, and participation across all States and Union Territories. During FY 2025-26, APY recorded its highest-ever annual enrolment, a large addition of new subscribers, and a marked rise in participation among younger age groups. Women participation also reached a record level, while subscriber persistency, financial literacy, and outreach in the urban informal sector were highlighted as key priorities.
May 20, 2026
Show AI Summary
AI data centre project approvals include land allotment, utility support, and major fiscal incentives for large-scale investment.
Andhra Pradesh approved allotment of 854.97 acres in Vizianagaram district to Reliance Industries Limited at a 25 percent discounted rate for a Giga-Scale AI Data Centre with a Cable Landing Station. The package includes non-fiscal support such as water provision for 20 years and a proposal to study a desalination plant, together with fiscal incentives including stamp duty and registration exemption, capital subsidy, SGST reimbursement, water tariff subsidy, power tariff subsidy, and cross-subsidy surcharge exemption.
May 20, 2026
Show AI Summary
Tea sector financial stress deepens as rising costs, weak prices and climate pressure prompt calls for policy support.
Tea sector faces mounting financial stress despite record exports, as slow auction price growth, rising input costs, adverse weather, declining production and import pressure continue to affect estate viability. The association called for a minimum sustainable price mechanism linked to production cost, higher export support, restoration of orthodox tea incentives and relief for Darjeeling estates, including interest subvention on working capital.
May 20, 2026
Show AI Summary
Loan recovery conduct norms bar mobile phone blocking by banks, while financed devices may face limited restrictions after default.
RBI has proposed revised conduct norms for loan recovery, including a bar on using technology-based blocking of a borrower's mobile device as a recovery tool, except where the device itself was financed by the lender. Even in financed-device cases, blocking is allowed only after the loan is 90 days past due and notice has failed to cure the default, and essential functions such as internet access, incoming calls, emergency SOS features and public-safety notifications cannot be disabled. Wrongful restriction must be reversed within one hour of cure, with hourly compensation payable until remedied.
May 20, 2026
Show AI Summary
Virtual digital assets taxation draws scrutiny as lawmakers back continued tax treatment amid regulatory uncertainty.
A parliamentary finance panel expressed concern over large-scale investment in virtual digital assets such as cryptocurrency and supported continuation of tax on such digital transactions. The discussion focused on the absence of a specific regulatory law in India, differing international approaches to regulation or prohibition, and the need to examine stakeholder views before recommending a future course of action. Cryptocurrency transactions are already subject to income tax and GST, including a 30 per cent income tax on gains, a 1 per cent TDS on certain payments, and tax treatment of gifts.
May 20, 2026
Show AI Summary
Constitutional protection and economic distress dominate Rahul Gandhi's allegations over governance, inflation, and electoral roll deletions.
Political remarks centred on allegations that the Prime Minister, the Home Minister and the RSS were undermining the Constitution, weakening public welfare measures, favouring select industrialists, and eroding constitutional guarantees such as equality, justice, public sector protections, an independent judiciary, free media, and one person-one vote. The speaker also linked these allegations to economic distress, warning of inflation, fuel and fertiliser shortages, disruptions in global oil supply, and hardship for ordinary citizens.
May 20, 2026
Show AI Summary
Airport tariff regulation fixes user development fee and landing charges for a new airport's initial control period.
Tariff order for the Navi Mumbai International Airport fixed user development fee, landing charges and vehicle parking charges for the first control period on a differentiated basis for domestic and international passengers and flights. The regulatory determination also allows a Variable Tariff Plan for landing charges during the initial years and carries forward a portion of the Average Revenue Requirement to the next tariff cycle to moderate airport charges in the interests of passengers and airlines.
May 20, 2026
Show AI Summary
GST framework deliberations on petrol and diesel inclusion focus on phased integration, state revenue protection, and fiscal balance.
Petrol and diesel should be considered for inclusion under the GST framework through structured and consultative deliberations in the GST Council. The representation relies on Article 279A(5) as envisaging the eventual inclusion of petroleum products within GST and urges fresh consideration in light of prevailing economic conditions. It proposes a calibrated framework, including a working group, transitional compensation support, a limited revenue-protection cess, and a formula-based fiscal stabilisation mechanism.
May 20, 2026
Show AI Summary
Collateral-free personal loans with flexible tenure and digital processing support easier repayment planning and quick access to funds.
A collateral-free personal loan product offers flexible repayment planning, with tenure options ranging from 12 months to 108 months, to reduce monthly instalments and support budgeting for planned and urgent expenses. The product is offered through a fully digital application process with minimal documentation and quick approval, subject to eligibility and verification. It is available to salaried and self-employed individuals, with interest rates varying according to credit profile, eligibility, and repayment behaviour, and terms are communicated upfront to support informed borrowing.
May 20, 2026
Show AI Summary
Toffee exports surge alongside renewed India-Italy trade ties and social media "Melodi" wordplay.
India's toffee exports were reported to have increased sharply over 12 years, rising from Rs 49.68 crore in 2013-14 to Rs 132 crore in 2025-26. The disclosure followed Italian Prime Minister Giorgia Meloni's public thanks for being gifted "Melody" toffees, reviving the "Melodi" wordplay online. The visit was also linked to efforts to strengthen bilateral cooperation in trade, defence, clean energy and technology.
May 20, 2026
Show AI Summary
Prepaid payment instrument authorisation marks RBI-backed entry into regulated digital wallets, prepaid cards, and stored-value payments.
RBI authorisation has been granted to ZikZuk Technologies Private Limited to operate as a Prepaid Payment Instrument issuer under the Payment and Settlement Systems Act, 2007, placing the company under direct regulatory oversight in India's payments ecosystem. The authorisation enables regulated digital payment products, including digital wallets, prepaid cards, and stored-value solutions, within the PPI framework. The reported scope includes General Purpose PPIs, Special Purpose PPIs, and PPIs for Foreign Nationals and NRIs under the UPI One World framework.
May 20, 2026
Show AI Summary
Transatlantic tariff deal secures tariff caps and trade stability amid legal uncertainty over US measures.
The European Union approved a tariff deal with the United States capping tariffs on most EU exports at 15 per cent and reducing tariffs on US industrial goods to zero, after intense internal debate and trilogue negotiations. European lawmakers added protections in case the United States backtracks, while the arrangement was presented as a way to preserve stability in transatlantic trade and provide business certainty. Concerns remained because US courts had questioned the legal basis for certain tariff measures.
May 20, 2026
Show AI Summary
Asian Productivity Organization governance meeting in New Delhi to review Vision 2030, budget proposals and election procedures.
India is hosting the 68th Session of the Asian Productivity Organization Governing Body in New Delhi from 20 to 22 May 2026, with senior delegates, observers and invitees participating in annual governance discussions. The meeting will cover the APO Vision 2030 framework, the preliminary budget for the 2027-28 biennium, Secretary-General election procedures, election of the APO Chair and Vice Chairs, the Annual and Financial Report, budget proposals, institutional reforms and key policy and procedural recommendations.
May 20, 2026
Show AI Summary
Political remarks and apology demand follow Congress MP's comments against top leaders, with talk of possible suo motu cognisance.
Political remarks made by a Congress MP against the Prime Minister, the Home Minister and the RSS drew strong criticism from BJP leaders, who described the language as politically immature and reflective of mental bankruptcy. The BJP demanded an unconditional apology and expressed concern over the use of such statements, while one leader suggested that the remarks could invite suo motu cognisance.
May 20, 2026
Show AI Summary
Aadhaar identity proof dispute targets its use for citizenship, domicile, address and voter registration verification.
A public interest plea seeks directions that Aadhaar be used strictly as identity proof and not as proof of citizenship, domicile, residential address or date of birth. It also challenges its use in voter registration Form-6 as proof of residence and date of birth, contending that the existing verification mechanism is inadequate and calls for an overhaul of electoral verification, including a proposed high-powered monitoring committee.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Corp. Laws / SEBI / IBC

Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceeds

May 25, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, May 25 (PTI) The general committee overseeing Delhi Gymkhana Club on Monday urged the Centre not to disrupt the functioning of the institution until clarity emerges on issues including relocation of the club and protection of employees, according to a letter sent to the Land and Development Office (L&DO).

In the letter, the committee constituted by the Government of India requested the Ministry of Housing and Urban Affairs and the L&DO to consider allotting an alternative plot of land for relocation of the club in case the takeover proceeds.

One of the committee members said the interests of members, employees and other stakeholders should be protected before any decision affecting the club's operations is implemented.

The general committee said it had been working for over four years to improve the club's administration and financial condition after taking charge under the National Company Law Tribunal (NCLT) order of April 1, 2022.

It said the club had witnessed a financial turnaround under its tenure, with the projected profit and loss statement for 2023-24 showing a profit of Rs 9.25 crore against a loss of Rs 12.39 crore in 2021-22.

It said the turnaround was achieved without adding new memberships, which had earlier been a major source of revenue for the club.

It had streamlined administrative processes, introduced standard operating procedures across departments and reduced pending litigation, including labour disputes, the committee further said.

It also claimed that efforts had been made to digitise and update membership records, noting that nearly 43 per cent of such records were unavailable in 2022.

According to the letter, the committee members appointed by the Ministry of Corporate Affairs (MCA) were professionals working in an honorary capacity without any sitting fee, financial benefit or reimbursement of expenses.

The committee also said relocation of the club would require substantial expenditure for rebuilding infrastructure and facilities developed over several decades.

Meanwhile, members of the club held a meeting on Monday and termed the proposed takeover "illegal", while also raising concerns over what they described as selective action against the institution.

The members said "similar clubs should get similar treatment" and argued that the perception of the club as an illegitimate user of public land was "misleading", stating that the premises are actively used for sports, recreation and cultural activities by thousands of members and their families.

A member of the general committee said discussions were underway with officials of the L&DO and the Ministry of Housing and Urban Affairs to prevent the takeover.

"We are in regular conversation with the L&DO and officials in the Urban Development Ministry. We are trying our best to ensure that the club continues at its present location," he said.

The committee is also seeking protection for around 600 employees associated with the club in the event of relocation, the member added.

Members also said long waiting lists for membership reflected demand rather than illegitimacy and called for reforms in governance instead of the closure of the institution.

Established in 1913, the Delhi Gymkhana Club was described by members as one of the capital's oldest sporting and social institutions with heritage value beyond its commercial land worth. PTI SHB SHB KSS KSS

Topics

Acts Income Tax