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
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
    India-UK trade pact to come into force from July 15
    SKM warns Centre against India-US FTA, calls for nationwide protests if pact signed
    India-UK trade deal to come into effect on July 15: PM Modi and PM Starmer
    Navi Mumbai Airport to launch international operations on July 15
    ED questions Vijayan’s daughter Veena for over nine hours in CMRL money laundering case
    India-UK free trade pact to come into force on July 15
    Rs 138 cr duty evaded on walnut imports by falsifying consignment origins; 5 held
    Advisory on e-Invoice API and e-Way Bill by IRN API changes for mandatory capture of Ship-to GSTIN and Voluntary Closure of e-Way Bill
    Appointment of Chairperson and Members in the National Statistical Commission
    India-EU free trade deal to be inked by year-end: Ursula von der Leyen
    Digital systems secure, says Axis Bank amid AI platform-driven vulnerability claims on cybersecurity
    HIGHLIGHTS
    Gold price tumbles Rs 4,800 to Rs 1.54 lakh/10g, silver drops Rs 5,300
    India's exports hit record USD 863 billion in FY 26 amid West Asia turmoil and US tariffs: Official
    Rs 138 cr fraud of customs duty evasion on walnut import busted in Navi Mumbai; 5 held so far
    TN's excise revenue lags behind K'taka, Maharashtra: Govt
    Ex-Kerala CM's daughter Veena appears for questioning before ED in PMLA case
    CCI approves subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited
    CCI approves proposed combination involving acquisition of PGIM India Asset Management and PGIM India Trustees by TVS Emerald Ltd. and TVS Venu Manage...
    CCI approves the proposed combination involving inter-alia subscription to certain CCPS and acquisition of certain equity share capital of Romsons Gro...
❯❯
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
    June 17, 2026
    Show AI Summary
    India-UK free trade pact expands duty-free market access and extends social security relief for temporary workers.
    India and the United Kingdom will bring into force the free trade agreement and the Agreement on Social Security, or Double Contribution Convention, on 15 July 2026 after completing internal procedures and ratifications. The pact is said to provide immediate duty-free access for 99 per cent of Indian exports, tariff reductions on selected British goods, and broader market access for services, while preserving exclusion lists for sensitive sectors. The Double Contribution Convention will exempt Indian companies in the UK from social security contributions for up to five years for employees sent from India.
    June 17, 2026
    Show AI Summary
    Minimum Support Price guarantee and trade pact opposition drive a nationwide farmers' protest campaign.
    Opposition to the proposed India-US Free Trade Agreement centred on demands for a legal guarantee of Minimum Support Price at C2 plus 50 per cent with assured procurement, repeal of free trade agreements, and a comprehensive farm loan waiver. The campaign also included planned nationwide protest action, protest forms to be by state bodies, and related demands on rural employment, wages, water rights and other local agitations.
    June 17, 2026
    Show AI Summary
    Trade liberalisation and tariff cuts under the India-UK economic pact are set to begin on 15 July 2026.
    The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on 15 July 2026, initiating a framework for deeper bilateral trade, investment and market access. The agreement is described as providing substantial tariff liberalisation across goods and services, including staged reductions or elimination of duties on selected products, and reciprocal social security coordination for highly skilled professionals on pre-existing visa routes.
    June 17, 2026
    Show AI Summary
    International passenger and freighter operations set to begin at Navi Mumbai airport as customs readiness nears completion.
    Navi Mumbai International Airport is expected to commence international passenger flights and international freighter operations from July 15, with Air India Express and IndiGo reported as the initial operators. Customs readiness for international operations was nearing completion, including relevant notifications and trial procedures for courier and cargo systems, with a further trade notice anticipated. The operator also said cargo would follow a hub-and-spoke model and that planning had begun for the next phase of terminal expansion.
    June 17, 2026
    Show AI Summary
    Money laundering probe over alleged sham payments and loans draws ED questioning in transactions linked to proceeds of crime.
    Enforcement Directorate questioning in a money laundering probe concerned alleged transactions between a now-defunct IT firm and a mining company, including payments said to have been made without corresponding services and loans allegedly extended despite delayed repayment. The agency alleged that these dealings generated proceeds of crime and summoned relevant documents relating to the firm's transactions. The investigation was registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 17, 2026
    Show AI Summary
    India-UK free trade pact and social security convention set to take effect together from 15 July 2026.
    The India-UK Comprehensive Economic and Trade Agreement (CETA) is scheduled to enter into force on 15 July 2026, marking the commencement of the bilateral free trade pact. The Agreement on Social Security, also described as the Double Contribution Convention (DCC), will take effect on the same date.
    June 17, 2026
    Show AI Summary
    Country-of-origin fraud in walnut imports triggered customs duty evasion, arrests, and conditional release of seized consignments.
    Fraudulent walnut imports were allegedly routed through Nhava Sheva Port by falsely declaring non-Afghanistan consignments as Afghanistan-origin to claim preferential tariff benefits under SAFTA, using forged transit bills of lading and proxy importers. Five persons were arrested and searches yielded digital and documentary evidence. In a related writ petition, conditional release of seized consignments was permitted only against deposit of the full differential duty or a bank guarantee of equivalent amount.
    June 17, 2026
    Show AI Summary
    Ship-to GSTIN compliance and voluntary e-way bill closure reshape IRN and e-invoice API operations before production rollout.
    Mandatory capture of Ship-to GSTIN has been introduced across specified e-Invoice API, e-Way Bill by IRN API and EWB Closure API flows, with URP permitted where GSTIN is not available. The revised framework requires a valid and distinct Ship-to GSTIN in Bill-to/Ship-to transactions, together with state code and PIN code validations, while export and B2B/SEZ scenarios are subject to specific treatment for ship details. A voluntary closure facility for e-Way Bills has also been introduced, with portal and API-based closure available using the EWB number, closure date and remarks.
    June 17, 2026
    Show AI Summary
    Statistical governance and coordination strengthened through appointments to the National Statistical Commission and its standard-setting role.
    Appointment of the Chairperson and Members of the National Statistical Commission was approved, with Dr. Saibal Chattopadhyay as Chairperson and three Members appointed. The Commission is a nodal body for core statistical activities, responsible for statistical priorities, standards and coordination. Its functions include standardising concepts, definitions, classifications and methodologies, improving public trust in official statistics, laying down quality standards, coordinating with governments and ministries, undertaking statistical audit, and monitoring the statistical system for performance improvement.
    June 17, 2026
    Show AI Summary
    India-EU free trade agreement advances with investment, defence cooperation and connectivity talks on the agenda.
    India and the European Union are to advance their trade and economic engagement by finalising a free trade agreement by the end of the year and accelerating work on an investment agreement. The two sides also identified wider areas of cooperation, including stepped-up security and defence cooperation and collaboration on connectivity through the India-Middle East-Europe Corridor.
    June 17, 2026
    Show AI Summary
    Cybersecurity in banking hinges on distinguishing system breaches from customer deception, while faster patch deployment becomes critical against AI-driven vulnerability discovery.
    Cybersecurity in banking requires a distinction between internal system breaches and cyber fraud caused by customer deception through phishing and social engineering. A private sector bank said its systems remain secure and that fraud incidents have not stemmed from weaknesses in its cybersecurity architecture. It also identified the main AI-related risk as faster discovery of software vulnerabilities, making quicker patch deployment and remediation essential.
    June 17, 2026
    Show AI Summary
    Temporary platform restriction and NEET re-test challenge raise access, compliance, and procedural concerns.
    Temporary restriction on access to a messaging platform has prompted a challenge before the Delhi High Court, with the restriction reported as being linked to the period before the NEET-UG re-examination. The development raises a compliance and access issue concerning the basis and scope of the government order affecting the platform. Judicial and parliamentary proceedings are also reported on the NEET-UG re-test and on proposed legislation to decriminalise politics, including a Supreme Court hearing on the re-test plea and committee consideration of detention-linked removal from office for serious crimes.
    June 17, 2026
    Show AI Summary
    Precious metals prices fall as a strong rupee, weak global trends and caution ahead of US policy decisions weigh on demand.
    Gold and silver prices fell sharply in domestic bullion markets amid a strong rupee, weak global trends and subdued investor demand. Traders stayed away from precious metals as equity markets offered higher returns, while analysts linked caution to key US economic events, including the Federal Reserve's monetary policy decision, and to developments ahead of the scheduled US-Iran meeting.
    June 17, 2026
    Show AI Summary
    Special Economic Zones drive India's export growth, with Gujarat emerging as a major hub for investment and semiconductor expansion.
    India's export sector recorded an all-time high of USD 863 billion in FY 2025-26 despite disruption from the West Asia conflict and US tariffs, driven by engineering goods, petroleum products, electronics, pharmaceuticals, gems and jewellery, and chemicals. Gujarat emerged as a major contributor, and the discussion highlighted the role of Special Economic Zones in investment, employment, innovation, and export expansion, including newly notified semiconductor SEZ projects and a policy focus on promoting additional SEZs.
    June 17, 2026
    Show AI Summary
    Customs duty evasion through false origin claims on walnut imports exposed in a SAFTA-linked routing racket.
    Customs authorities uncovered a walnut-import duty evasion racket at Nhava Sheva in which consignments were routed through Jebel Ali and falsely shown as originating from Afghanistan to claim preferential tariff benefits under SAFTA. The scheme allegedly used forged transit bills of lading and a fictitious transit trail to support false country-of-origin claims, causing substantial revenue leakage. Five persons have been arrested, searches yielded digital and documentary evidence, and further investigation continues into beneficiaries, facilitators, financial linkages and connected consignments.
    June 17, 2026
    Show AI Summary
    Excise duty revenue gap widens as liquor tax remains a major share of own tax revenue.
    State excise duty collections are reported to lag behind peer states, with the state recording the lowest absolute collection among the compared jurisdictions. The data shows a smaller excise base and slower growth than the peer states, making the revenue gap a significant part of the overall State Own Tax Revenue position. Excise duties and VAT on liquor together still form a substantial share of own tax revenue, making liquor-related taxation consequential for the state's fiscal position.
    June 17, 2026
    Show AI Summary
    Money laundering allegations drive questioning over disputed corporate transactions and alleged proceeds of crime under PMLA.
    Money laundering allegations concern transactions between a now-defunct IT firm and a mining company, with the Enforcement Directorate questioning Veena T and seeking documents on the dealings. The inquiry relates to alleged payments by Cochin Minerals and Rutile Ltd. without services in return, and loans extended to Exalogic by another company connected with the same management. The agency has alleged generation of proceeds of crime and registered the matter under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 17, 2026
    Show AI Summary
    Competition Commission approval for equity subscription in a financial services company through a proposed combination
    Competition Commission approval was granted for a proposed combination involving the subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited. The transaction concerns a minority equity subscription in a financial services enterprise, with the Commission's detailed order stated to follow.
    June 17, 2026
    Show AI Summary
    Proposed combination approval for acquisition of asset management and trustees businesses by TVS entities.
    Approval of a proposed combination involving acquisition of 100% of the issued, subscribed and paid-up share capital of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TVS Emerald Limited is engaged in real estate development in India, while TVS Venu Management and Consultancy Services Private Limited presently has no business activities. The target entities are engaged in wealth management, including mutual funds, portfolio management services, alternative investment funds and investment advisory services.
    June 17, 2026
    Show AI Summary
    Competition clearance for acquisition and CCPS subscription in Romsons Group under a proposed internal restructuring.
    Competition Commission of India clearance was granted for a proposed combination involving internal restructuring of the Romsons Group and the subscription to compulsorily convertible preference shares together with acquisition of equity share capital in Romsons Group Private Limited by Jongsong Investments Pte. Ltd. The acquirer is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings Private Limited. The target is engaged in the manufacture and sale of medical devices and personal care and hygiene products.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Customs, DGFT & SEZ

      National Traders’ Welfare Board Holds 10th Meeting in Hybrid Mode, Strengthening Digital Governance and Stakeholder Participation

      June 24, 2026

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      NTWB Discusses Trade Facilitation Measures; DigiDukaan Set for Expansion Across Major Cities

      Board Focuses on Enhancing Export Competitiveness and Strengthening Stakeholder Engagement Mechanisms

      The 10th Meeting of the National Traders’ Welfare Board (NTWB) was held today in New Delhi, in hybrid mode. In line with the vision of the Government for technology-driven governance, optimum utilisation of public resources and minimisation of avoidable travel and expenditure, the meeting enabled participation of Members from across the country through both physical and virtual modes. The hybrid format ensured wider stakeholder participation and demonstrated the success of the Digital India initiative in strengthening governance through digital connectivity and citizen-centric innovation.

      The Board reviewed various trader welfare and trade facilitation initiatives being implemented across the country. Members were apprised of the recently launched Rajasthan Trade Promotion Policy, which includes provisions relating to trade credit support, insurance assistance and promotion of digital commerce. The need to strengthen awareness and outreach regarding Central and State Government schemes for traders was also emphasised.

      A detailed presentation was made on DigiDukaan, a digital commerce initiative aimed at enabling small retailers and kirana stores to participate effectively in the digital economy. The Board noted the successful launch of DigiDukaan in Jaipur on 19 June 2026 by Rajasthan Chief Minister Shri Bhajan Lal Sharma and appreciated the encouraging response received from traders. Plans for expansion to other major cities, including Mumbai and Bengaluru, followed by a nationwide rollout, were also discussed.

      The Board was informed about ongoing efforts to strengthen coordination among trade associations, chambers of commerce and trader organisations across the country and to ensure effective representation of traders’ concerns before policy-making authorities. The Chairperson informed Members that 92 nationwide weekly virtual conferences and stakeholder interactions have been conducted so far to facilitate regular engagement between traders and officials from various Ministries and Departments.

      During the deliberations, Members discussed a wide range of issues concerning traders, retailers, manufacturers, exporters and service providers. Key issues included GST rationalisation, simplification of compliance procedures, one-time settlement mechanisms for legacy business liabilities, export promotion measures, logistics and port infrastructure, plant quarantine and import facilitation, digital commerce adoption, ONDC integration, access to affordable credit, banking-related issues, merchant transaction charges, pension and social security measures for traders, and support for women entrepreneurs.

      The Board also deliberated on issues relating to food safety compliance, ease of obtaining licences and registrations, strengthening of State Traders’ Welfare Boards, concerns arising from quick commerce platforms, promotion of local trade ecosystems, simplification of appellate and dispute resolution mechanisms, facilitation of MSME and service exports, and improved Centre-State coordination for effective implementation of trader welfare initiatives.

      Special emphasis was laid on enhancing export participation by traders and MSMEs, increasing awareness regarding export opportunities, strengthening institutional support mechanisms and promoting India’s emergence as a globally competitive trading nation.

      The Board further discussed the need for thematic committees and focused working groups to examine sector-specific issues and provide structured recommendations for policy intervention. Members agreed that continued engagement with stakeholders across sectors and regions would strengthen the effectiveness of the Board’s initiatives and facilitate timely resolution of issues affecting the trading community.

      The meeting was chaired by Chairperson of NTWB Shri Sunil J. Singhi.

      At the outset, the Board adopted a Resolution congratulating  Prime Minister Shri Narendra Modi on becoming the longest-serving elected Prime Minister in India’s history. The Resolution acknowledged his continuous service of over twelve years as Head of Government and recognised his contribution towards good governance, inclusive development, economic reforms, national security and the vision of Viksit Bharat. The Board expressed confidence that under his leadership, India will continue its journey towards becoming a self-reliant, prosperous and developed nation.

      Addressing the meeting, Chairperson Shri Sunil J. Singhi highlighted the transformative reforms undertaken during the past decade, including GST reforms, digital governance initiatives, financial inclusion through the JAM (Jan Dhan-Aadhaar-Mobile) Trinity, Direct Benefit Transfer (DBT), Ease of Doing Business measures, and initiatives aimed at empowering small businesses, traders and entrepreneurs. He noted that these reforms have significantly strengthened India’s economic ecosystem and expanded opportunities for trade and enterprise.

      The meeting concluded with a reaffirmation of the Board’s commitment to creating an enabling environment for traders through policy advocacy, digital empowerment, Ease of Doing Business reforms, social security initiatives and stronger Centre-State coordination. The Board reiterated its resolve to work towards the welfare and empowerment of traders and their employees and to contribute actively to the vision of Viksit Bharat 2047.

      The meeting was attended by non-official Members representing trade associations and States/UTs from across the country, along with ex-officio Members from various Ministries and Departments of the Government of India.

      Topics

      ActsIncome Tax