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
    Gold drops Rs 2,800 to Rs 1.62 lakh/10g amid uncertainties on West Asia peace deal
    No interim order for Gymkhana: High court after Centre says won't take forceful possession by June 5
    Lord’s Mark Industries Becomes First Company to Secure BSE Listing Approval Under IBC Scheme of PPIRP
    BSE, ICSI, AIBI & HMPL Host SME Fund Raising Conclave in Guwahati, Assam
    TGI Fridays® Launches Delhi NCR Flagship At Connaught Place
    Prime Minister of Canada Mr. Mark Carney Calls India-Canada CEPA a “Game Changer” as Shri Piyush Goyal Holds High-Level Talks in Ottawa
    Odisha may attract Rs 25,000-30,000 cr in power investments after policy shift
    Rupee falls 17 paise to 95.43 against US dollar in early trade
    Union Minister for Finance and Corporate Affairs Minister calls for stronger textile value chain through “from farm to fibre, factory, fashion and f...
    Delhi Gymkhana seeks alternate land amid takeover row; nearly Rs 48 cr ground rent dues unpaid
    HIGHLIGHTS
    Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceeds
    Rupee rises 34 paise to close at 95.26 against US dollar
    Nepal SC bars arrest of ex-PM Deuba, wife in money laundering case
    Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM
    Fuel supply being monitored on daily basis after dryouts in select pockets
    Delhi HC to hear on Tuesday pleas against Centre's order to vacate Gymkhana Club premises
    Press note on release of the Report of the Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production from 201...
    Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above
    Cong accuses Modi govt of 'fuel loot', demands rollback in price hike
❯❯
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 26, 2026
Show AI Summary
Geopolitical uncertainty drives gold lower as investors await peace talks, inflation data, and central bank signals.
Gold prices declined in the domestic market as investors moved toward the US dollar amid renewed uncertainty over West Asia peace talks and military tensions between Washington and Tehran. Silver moved higher, leaving precious metals in a state of consolidation, while market participants stayed cautious and awaited clearer geopolitical signals. Analysts said crude oil, inflation expectations, Treasury yields, and upcoming US economic data would influence near-term bullion movement.
May 26, 2026
Show AI Summary
Perpetual lease termination and eviction process challenged as the High Court declines interim restraint pending due process assurances.
Centre's termination of Delhi Gymkhana Club's perpetual lease and proposed eviction were challenged as lacking genuine public purpose and as threatening forced dispossession. The High Court, noting the government's assurance that possession would not be taken by force and that any eviction would follow due process and prior notice, refused interim restraint at that stage, issued summons, and deferred issues including locus, prior notice and the legality of the lease termination.
May 26, 2026
Show AI Summary
Pre-packaged insolvency resolution process listing approval marks a milestone in Lord's Mark Industries' transformation and market debut.
Lord's Mark Industries Ltd. received stock exchange listing approval under the IBC scheme of Pre-Packaged Insolvency Resolution Process (PPIRP), described as the first such approval for a company in India. The approval is linked to the company's planned public market debut and broader transformation strategy. The company says the milestone follows strategic rebuilding and institutional strengthening, and supports its next phase of expansion in healthcare, renewable energy, infrastructure and advanced technologies, with emphasis on resilience, governance, innovation and long-term value creation.
May 26, 2026
Show AI Summary
SME capital market access gains focus as stakeholders promote compliance, due diligence and transparent listing pathways.
SME capital raising through the SME platform was promoted at a conclave in Guwahati, organised by BSE with ICSI, AIBI and Horizon Management Pvt Ltd and initiated by SEBI, to strengthen awareness among small and medium enterprises on accessing capital markets for growth. The initiative focused on enhancing capital market access and ease of capital formation for SMEs, particularly in the North-Eastern region, by familiarising enterprises with fundraising opportunities and the SME listing pathway. The discussions highlighted the SME IPO journey, including market readiness, regulatory compliance, due diligence and the role of intermediaries in supporting a transparent and trustworthy listing process.
May 26, 2026
Show AI Summary
Franchise expansion drives TGI Fridays' flagship launch in Connaught Place, strengthening premium urban dining presence in India.
TGI Fridays launched a new flagship restaurant at Connaught Place, New Delhi, as part of its broader India expansion strategy in the casual dining segment. The opening was undertaken by Bistro Hospitality Pvt. Ltd., the master franchisee for India, together with Feastary Hospitality LLP, its North India franchise partner, and was described as a step toward strengthening the brand's presence in premium urban markets.
May 26, 2026
Show AI Summary
Comprehensive Economic Partnership Agreement CEPA talks advance as India and Canada seek stronger trade, investment, and strategic cooperation.
India and Canada advanced negotiations on a Comprehensive Economic Partnership Agreement (CEPA) during a high-level ministerial visit and business delegation mission in Ottawa, with both sides describing the proposed agreement as commercially meaningful, balanced, and intended to strengthen bilateral trade, investment, technology, and strategic cooperation. The discussions focused on accelerating the CEPA process and identifying opportunities to expand economic linkages across priority sectors.
May 26, 2026
Show AI Summary
Power sector investment policy shift boosts Odisha's thermal project viability and renews developer interest in the state.
Odisha is expected to attract fresh investment in the power sector after aligning its concessional power allocation policy for thermal plants with the Centre's framework. The revised approach replaces the earlier requirement that developers reserve 12-14 per cent of capacity for state consumption at concessional rates with a 5 per cent supply obligation at variable charges for newly commissioned thermal power plants. Industry representatives said the earlier higher allocation norm had discouraged investment despite the State's coal reserves, port access and skilled manpower, while the new framework is expected to improve project viability and investor sentiment.
May 26, 2026
Show AI Summary
Rupee weakness amid dollar demand and crude oil pressure, with RBI support helping contain volatility in foreign exchange trade.
The rupee weakened in early foreign exchange trade amid month-end dollar demand, higher crude oil prices and persistent geopolitical tensions. Dealers said broader pressure may continue unless external risks ease, though RBI intervention and liquidity support may limit near-term volatility and reduce speculative pressure.
May 26, 2026
Show AI Summary
Textile value chain strengthening drives export growth, skills, and global competitiveness under the Viksit Bharat vision.
Strengthening the textile value chain from farm to fibre, factory, fashion and foreign markets was emphasised as the central policy direction for expanding cotton textile exports and production. The Finance Minister linked this objective to the broader Viksit Bharat vision, noting ambitious targets of USD 100 billion in textile exports and USD 250 billion in textile production by 2030. The text also refers to an Advanced Certificate Program in International Trade, designed to strengthen the export ecosystem and align with government schemes and policy measures.
May 26, 2026
Show AI Summary
Ground rent arrears and public land possession dispute shape Delhi Gymkhana Club's relocation plea and governance concerns.
Ground rent arrears and threatened resumption of public land possession have triggered a relocation request by the general committee overseeing Delhi Gymkhana Club. The committee asked the Ministry of Housing and Urban Affairs and the L&DO not to disrupt the club's functioning and to protect the interests of members, employees and other stakeholders before any change in occupation is implemented. Club members opposed the proposed takeover, described it as selective and misleading, and urged governance reforms rather than closure.
May 25, 2026
Show AI Summary
Aviation health advisories and criminal probe oversight shape regulatory and judicial responses to public safety concerns.
Aviation safety measures were reinforced through a DGCA advisory issued in response to the Ebola outbreak in parts of Africa. Airlines were directed to make in-flight announcements, obtain self-declaration forms from passengers originating from or transiting through affected countries, and take other preventive steps to manage public-health risk in air travel. In the Twisha Sharma death case, the Supreme Court stated that it would ensure a fair, independent and impartial CBI probe. In the NEET paper leak matter, the Supreme Court issued notices on pleas seeking replacement of the existing testing body with a more robust and autonomous mechanism for conducting the examination.
May 25, 2026
Show AI Summary
Relocation of club and protection of employees remain central as Delhi Gymkhana seeks continuity pending takeover clarity.
The general committee overseeing Delhi Gymkhana Club urged the Central Government and the Land and Development Office not to disrupt the club's functioning until issues relating to proposed takeover, possible relocation and protection of employees are clarified. It requested consideration of an alternative plot for relocation if the takeover proceeds, while stressing that the interests of members, employees and other stakeholders should be protected before any operational change is implemented. The committee said it had improved administration, finances, procedures, litigation management and membership records after taking charge under an NCLT order.
May 25, 2026
Show AI Summary
Rupee stability and orderly forex price discovery gain focus as the central bank signals market support.
The rupee appreciated in the foreign exchange market and extended its gains for a third straight session, closing stronger against the US dollar on improved global risk sentiment and weaker dollar conditions. The Reserve Bank of India signalled readiness to ensure orderly price discovery in the forex market, with the RBI Governor stating that the central bank would do whatever is required to maintain orderly market conditions. He also stated that the rupee is not overvalued and may be undervalued after its recent depreciation.
May 25, 2026
Show AI Summary
Due process in money laundering arrests reported as the court questions an arrest warrant and bars detention pending review.
Interim restraint was reported in a money laundering matter concerning a former prime minister and his spouse, after the Supreme Court questioned the validity of an arrest warrant issued by the district court. The reported order turned on due process concerns in the issuance of the warrant and directed that the couple not be arrested pending further consideration. The report also noted that police had sought a red corner notice through Interpol, but the request was rejected for want of sufficient supporting material.
May 25, 2026
Show AI Summary
Excise duty cuts, fuel inflation, and exporter sustainability pressures shape the government's outlook on prices and trade.
Government revenue foregone through excise duty cuts on petrol and diesel was described as a consumer-protection measure used to cushion fuel inflation, while later retail fuel increases were attributed to market-driven revisions by oil marketing companies after a surge in international crude prices. The remarks also referred to the Reserve Bank of India's dividend transfer as arising from an established calculation process, and noted that exporters must adapt to sustainability requirements, traceability, fair labour practices, and the changing impact of artificial intelligence and automation on manufacturing.
May 25, 2026
Show AI Summary
Fuel supply monitoring intensifies as authorities address retail dry-outs, panic buying and last-mile replenishment constraints.
Daily monitoring of fuel supplies is being carried out to address intermittent dry-outs at a few retail outlets caused by a sudden rise in demand, last-mile supply constraints, and price-driven shifts from private retailers to state-run pumps. The government says sufficient stocks of petrol, diesel and LPG are available, with replenishment being prioritised and state governments asked to help prevent hoarding and mismanagement.
May 25, 2026
Show AI Summary
Property rights challenge over Delhi Gymkhana Club premises alleges arbitrary takeover, forced eviction, and lack of due process.
Members and staff of the Delhi Gymkhana Club challenged the Centre's order directing handover of the club premises, alleging arbitrary takeover, forced eviction, and extinction of long-standing leasehold, associational, membership, and livelihood interests without due process. The pleas invoke Article 300A, legitimate expectation, and constitutional protections under Articles 14, 19(1)(g), and 21, while contending that the stated need for defence infrastructure and public security is vague and pretextual. The matter was mentioned for urgent hearing and listed for Tuesday.
May 25, 2026
Show AI Summary
Industrial production index revision broadens sectoral coverage, updates weights, and links the new series with geometric mean methodology.
The revised All-India Index of Industrial Production series expands coverage, updates the item basket and weights, aligns the index with NIC-2025, and introduces greater sectoral granularity through new sub-indices. It also adopts the Geometric Mean method for linking the 2011-12 and 2022-23 series, with linking factors computed at the General Index and Sectoral Index levels.
May 25, 2026
Show AI Summary
Infrastructure project monitoring through PAIMANA tracks ongoing central sector works, sector-wise progress, and new project additions.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, which uses a "one data, one entry" framework and integrates with the DPIIT IPMP portal through APIs to automate data updates from Ministries and Departments. As of April 2026, the portal tracks 1,981 ongoing infrastructure projects across 17 Central Ministries and Departments, with a revised cost of Rs.42.78 lakh crore and cumulative expenditure of Rs.20.36 lakh crore. The press release also records ministry-wise and sector-wise distribution, new project additions, and commissioned projects.
May 25, 2026
Show AI Summary
Fuel price hikes spark criticism over falling crude costs, tax burden, and demands for rollback of petrol and diesel rates
Fuel price increases prompted criticism of the Centre's pricing policy, with Congress leaders alleging repeated hikes in petrol and diesel despite falling crude oil prices and demanding a rollback. The criticism extended to LPG, domestic gas, commercial gas and CNG, with the speakers linking the higher fuel burden to inflation and pressure on farmers, salaried households, small businesses and ordinary consumers. The leaders also questioned the Centre's collection of revenue from petroleum taxation and its use of resources from the RBI, alleging that the benefits of lower crude prices were not being passed on to consumers.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
News and Press Release

NICDC Holds Workshop on BHAVYA Scheme and NTH–BIS Testing Infrastructure in New Delhi

May 30, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Consultation Sessions Held on Strengthening Implementation Framework of BHAVYA Scheme

National Industrial Corridor Development Corporation Limited (NICDC), under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), organised a workshop on the BHAVYA Scheme Framework and NTH & BIS Testing Facilities at Vanijya Bhawan, New Delhi.

The workshop was chaired by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, Shri Amardeep Singh Bhatia, and Secretary, Department of Consumer Affairs (DoCA), Government of India, Smt. Nidhi Khare. More than 100 representatives from 31 States and Union Territories participated in the session. The workshop was also attended by senior officials from DPIIT and DoCA, Industrial Development Corporations, State Special Purpose Vehicles (SPVs), Bureau of Indian Standards (BIS), National Test House (NTH), NICDC and other stakeholder agencies.

Delivering the welcome and context-setting address, Chief Executive Officer & Managing Director, NICDC, Shri Rajat Kumar Saini, highlighted the importance of creating investment-ready industrial ecosystems supported by robust infrastructure, quality assurance mechanisms and efficient institutional frameworks. He noted that initiatives aimed at developing world-class industrial parks and strengthening testing and certification infrastructure would contribute significantly towards the vision of Viksit Bharat@2047, Make in India, PM GatiShakti National Master Plan and the National Logistics Policy.

The workshop was organised in two sessions. The first session focused on quality infrastructure and testing facilities. It included an address by Secretary, Department of Consumer Affairs, Smt. Nidhi Khare, followed by a presentation by Director General, National Test House (NTH), Dr. Alok Srivastav, on commercial testing of products and establishment of NTH laboratories. This was followed by a presentation by Deputy Director General, Bureau of Indian Standards (BIS), Shri Harmohan Jit Singh Pasricha, on the Quality Control framework, including Quality Control Orders (QCOs). The session concluded with an interactive discussion with participating States, Union Territories and stakeholder institutions.

During the session, National Test House showcased its expanding testing and quality assurance ecosystem, including capabilities in emerging areas such as drone certification, EV battery testing, aerospace components, solar equipment and organic food testing. NTH also highlighted its ongoing collaboration with NICDC to establish testing facilities and sample collection centres within industrial corridor projects, enabling industries to access testing and certification services closer to manufacturing locations. Appreciating NICDC’s industrial infrastructure, NTH noted that the industrial nodes provide an enabling environment for deployment of testing and certification facilities.

The Bureau of Indian Standards presented the evolving national quality infrastructure framework and highlighted the growing network of standards, certification systems, Quality Control Orders (QCOs) and laboratory infrastructure supporting industrial development. BIS emphasised that greater adoption of standards and quality compliance would enhance product reliability, facilitate market access, improve export competitiveness and strengthen investor confidence in India’s manufacturing ecosystem.

The second session focused on the BHAVYA Scheme framework and implementation roadmap. The session commenced with an address by Secretary, DPIIT, Shri Amardeep Singh Bhatia, followed by a detailed presentation on the BHAVYA Scheme framework covering scheme objectives, implementation structure, eligibility conditions, land requirements, SPV structures, funding provisions and the role of implementing agencies. The presentation was well received by participants and queries raised during the session were addressed.

Secretary, DPIIT, Shri Amardeep Singh Bhatia, emphasised that the success of BHAVYA would be measured not merely by creation of infrastructure but by the extent to which industrial parks attract investors and become operational manufacturing hubs. He urged States and Union Territories to prepare investor-centric proposals, highlighting competitive advantages, ease of doing business measures and supporting ecosystems that would enable industries to commence production within a reasonable timeframe.

He further encouraged States and Union Territories to submit implementation-ready proposals and noted that project evaluation would focus on long-term industrial viability and investment potential. He reiterated that the scheme seeks to create industrial parks where infrastructure readiness translates into rapid investment grounding, manufacturing activity, employment generation and export competitiveness.

Joint Secretary, DPIIT, Smt. Gurneet Tej, highlighted that the scheme has been designed with a strong focus on immediate operability and investment readiness. She encouraged States and Union Territories to identify sector-specific industrial parks, undertake parallel investor outreach activities and align infrastructure planning with the requirements of targeted industries to facilitate faster grounding of investments. She also noted that the flexibility built into the scheme should be leveraged to develop industrial parks based on local strengths, connectivity advantages and existing industrial ecosystems.

Chief Executive Officer & Managing Director, NICDC, Shri Rajat Kumar Saini, made a detailed presentation on the General and Operational Guidelines of the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme. The presentation covered key provisions of the scheme, including eligibility criteria, challenge-mode selection process, implementation framework, funding structure, release of funds, monitoring mechanism, timelines, evaluation matrix, focus on social infrastructure and the framework for private developer-led industrial parks. Detailed clarifications were provided on the scheme guidelines and operational aspects to enable States and Union Territories to prepare quality proposals. States and Union Territories were also requested to examine the guidelines and provide inputs, suggestions and clarifications for consideration.

A separate presentation by NICDC focused on preparation and submission of Detailed Project Reports (DPRs) for projects proposed under BHAVYA. It covered project identification, land readiness, infrastructure planning, multimodal connectivity, utility provision, institutional arrangements, appraisal processes and documentation requirements. The presentation was followed by detailed discussions with stakeholders on practical implementation issues and suggestions for strengthening the scheme guidelines.

Chief Executive Officer & Managing Director, NICDC, Shri Rajat Kumar Saini, also demonstrated the BHAVYA portal and requested States and Union Territories to furnish the requisite information through the portal.

The workshop concluded with a call to State Governments and Union Territories to identify suitable projects, prepare robust DPRs, establish clear institutional mechanisms and ensure timely implementation of projects under BHAVYA.

BHAVYA, notified by the Government of India on 10 April 2026, with operational guidelines issued on 23 May 2026, is a transformative national initiative with an outlay of ₹33,660 crore aimed at developing 100 investment-ready, plug-and-play industrial parks across the country. The scheme seeks to create complete industrial ecosystems with ready infrastructure, multimodal connectivity, reliable utilities, smart services, logistics access, investor facilitation mechanisms and sustainable industrial planning.

A key feature of BHAVYA is its inclusive and partnership-based approach, enabling participation from State Governments, Union Territories, Central Public Sector Undertakings and the private sector. The scheme marks an important step towards broadening industrial infrastructure development in the country while leveraging private sector efficiency, investment capacity and project execution expertise.

NICDC, with its experience in developing integrated industrial corridors and smart industrial cities under the National Industrial Corridor Development Programme, is well positioned to support implementation of BHAVYA. Its work on projects such as Dholera, AURIC, Vikram Udyogpuri, Integrated Industrial Township Greater Noida and other corridor nodes provides a strong foundation in master planning, trunk infrastructure development, multimodal connectivity, SPV-based implementation, investor facilitation and creation of plug-and-play industrial ecosystems.

As BHAVYA is at an early stage of implementation, the workshop provided a valuable platform for stakeholders to share practical inputs on eligibility, land requirements, DPR preparation, institutional structures, appraisal mechanisms and project implementation. The interactions and suggestions received during the workshop are expected to support smooth, effective and time-bound implementation of the scheme.

Topics

Acts Income Tax