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
    Development meaningful only with cultural confidence, civilisational awareness: V-P
    Air India operates first flight from Varanasi under Hub and Spoke model
    I-T Dept cancels tax-exempt status of SP leader Azam Khan's Jauhar Trust
    ED grills Pinarayi Vijayan's daughter for over 10 hours in PMLA case
    Explained: What establishes citizenship in India?
    Govt restores commercial LPG supplies as West Asia crisis pressures ease
    Very close on trade deal with US; competitive tariff advantage important for India: Piyush Goyal
    Liquor tax row: CPI(M) accuses Kerala CM of making ''incorrect'' statements, seeks clarification
    Oil falls to pre-war levels, no change in petrol and diesel prices
    India''s Textile Export Opportunity Creates Strong Growth Runway for Welspun Living
    Marie Claire Paris Launches Its First Salon in Mumbai
    FTA with UK most comprehensive agreement so far: Piyush Goyal
    Amazon CEO meets PM Modi; co adds USD 13 bn to 5-yr mega investment plan for AI, cloud infra
    Sterling Bank of Asia Selects Infosys Finacle Software-as-a-Service for it's Next-Gen Transformation
    Gujarat Future Forum at India House puts regional delivery at the centre of the UK–India growth story
    APEDA Facilitates First Commercial Sea Shipment of Premium Banganapalle Mangoes from India to Singapore
    Build Credit, Earn Cashback: Paisabazaar and SBM Bank India Launch Paisa+ Secured Credit Card
    ED seizes cash, gold during searches against MP educational society
    Rising Gold Prices Are Giving Indian Households More Borrowing Power Than Ever Before
    International MSME Day: IFQM Calls for a National Quality Mission to Embed India's MSMEs into Global Value Chains
❯❯
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
June 25, 2026
Show AI Summary
Cultural preservation and civilisational awareness shape meaningful development, with heritage, music and traditions treated as national priorities.
Cultural preservation is presented as an integral aspect of national development, with emphasis on protecting India's languages, music, customs, traditions and traditional knowledge systems as living expressions of collective memory and shared civilisational identity. The preservation of the Koch Rajbanshi community's cultural legacy and Bhawaiya folk music is highlighted as an example of documenting and bringing regional heritage into the mainstream, while younger generations are urged to use technology to safeguard cultural resources.
June 25, 2026
Show AI Summary
Hub and Spoke aviation model expands seamless international connectivity for smaller cities through major hub airports.
Air India commenced Hub and Spoke international flight operations from Varanasi, routing passengers from smaller cities through hub airports for onward overseas connections. The model is designed to provide seamless connectivity, reduce travel time, improve use of existing infrastructure, ease congestion at major airports and link regional centres with global opportunities. Operationally, spoke airports will handle customs and immigration for outbound passengers at the first point of exit and for inbound passengers at the final point of entry, while baggage will move seamlessly through airside operations at the hub airport.
June 25, 2026
Show AI Summary
Charitable trust registration cancelled after alleged non-genuine activities and misuse of trust property for political purposes.
The Income Tax Department cancelled the tax-exempt registration of Maulana Mohammad Ali Jauhar Trust after concluding that its activities were non-genuine and not in accordance with its declared charitable objects. The department treated the trust as an Association of Persons, making its income liable to tax at normal rates and exposing it to further tax consequences under the Act.
June 25, 2026
Show AI Summary
Money laundering probe under the Prevention of Money Laundering Act focuses on alleged payments without services and proceeds of crime.
Enforcement Directorate action under the Prevention of Money Laundering Act centred on questioning of Veena T in connection with alleged laundering linked to her former IT firm Exalogic Solutions Pvt Ltd and Cochin Minerals and Rutile Ltd. The probe concerns alleged payments made by CMRL to Exalogic without corresponding services, together with loans extended through another CMRL-linked entity, and the agency's case is that these transactions generated proceeds of crime.
June 25, 2026
Show AI Summary
Citizenship proof in India depends on legal records, not any single identity card or passport alone.
Citizenship in India is not established by any single universal identity card, and legal proof depends on the documents and records relevant to the manner in which citizenship is claimed. Passport, Aadhaar, voter identity card and PAN card do not operate as standalone proof of citizenship. A passport is treated as a travel document, Aadhaar as proof of residence and identity, PAN as a tax identifier, and voter enrolment as electoral registration rather than conclusive citizenship proof.
June 25, 2026
Show AI Summary
Commercial LPG supply restrictions eased as emergency rationing unwound and bulk supplies resumed with improving LPG availability.
Commercial LPG supply restrictions imposed during the West Asia crisis were withdrawn as domestic production improved and imported cargo arrivals were expected, restoring non-domestic packed LPG supplies to pre-crisis levels for hotels, restaurants and other commercial users. Bulk LPG supplies were partially resumed at 50 per cent of pre-crisis consumption, and emergency rationing measures were unwound while household cooking gas availability remained the priority.
June 25, 2026
Show AI Summary
Competitive tariff advantage drives India-US trade pact as final terms await market-access alignment.
Competitive tariff advantage is identified as the central condition for the India-US bilateral trade agreement to enter into force. The pact is close to completion, but its implementation depends on India securing tariff treatment that preserves a market-access advantage over competing economies. The discussions are focused on the legal and commercial framework needed to provide that advantage and on finalising the remaining fine print of the agreement.
June 25, 2026
Show AI Summary
Low-alcohol beverage tax reduction triggers political dispute over liquor policy, transparency, and alleged revenue loss.
A political dispute arose over a budget proposal to reduce tax on low-alcohol beverages, with CPI(M) alleging that the proposal did not originate under the previous LDF government and that the earlier liquor policy only classified alcoholic beverages without deciding any tax reduction. CPI(M) sought clarification and withdrawal of the contrary statement, and also demanded withdrawal of the budget proposal, alleging that it was intended to benefit an alcohol manufacturing company and could cause revenue loss to the state exchequer.
June 25, 2026
Show AI Summary
Crude oil prices ease to pre-conflict levels, but petrol and diesel rates remain unchanged for now.
Global crude oil prices fell back to pre-conflict levels, easing inflation risks, lowering India's import bill and improving fiscal flexibility. Retail petrol and diesel prices remained unchanged, while state-owned fuel retailers were said to adjust pump prices based on average crude movements over a preceding period rather than daily fluctuations. The easing in oil-market tensions also led to the quiet suspension of inter-ministerial briefings monitoring supply and market stability.
June 25, 2026
Show AI Summary
Global textile sourcing shift boosts India's competitiveness, with home textiles and sustainability driving long-term export growth.
India's textile sector is entering a favourable growth phase due to global supply chain diversification, stronger sourcing activity and improved demand visibility. Home textiles are highlighted as a key export segment, with premiumisation, value-added products, sustainability-led sourcing and brand penetration driving long-term growth. Recent trade agreements are expected to strengthen India's competitiveness as a sourcing destination, and Welspun Living is positioned to benefit through integrated manufacturing, diversification, retailer relationships and continued investment in innovation and sustainability.
June 25, 2026
Show AI Summary
Franchising-led salon expansion drives Marie Claire Paris's India growth with premium beauty and wellness services.
Marie Claire Paris expanded its India presence by launching its first salon in Mumbai through B2C Network LLP, its exclusive franchisor in India. The brand plans to strengthen its footprint across premium retail destinations, malls and high-street locations nationwide through franchising. The salon offers hair care, skin rejuvenation, nail services, bridal and wedding makeovers, grooming solutions and personalized consultations, supported by trained professionals and international service standards.
June 25, 2026
Show AI Summary
Free trade agreement with the UK seen as India's most comprehensive pact, with tariff cuts and trade growth ahead.
India's Comprehensive Economic and Trade Agreement with the UK is described as the most comprehensive free trade agreement India has concluded so far, with implementation scheduled to begin on 15 July. The agreement is presented as a framework for expanding bilateral commerce between two complementary and growing economies, and businesses in both countries are urged to leverage its tariff reductions and market-opening benefits to raise the trading partnership to a much higher level.
June 25, 2026
Show AI Summary
AI and cloud infrastructure drive Amazon's expanded India investment plan, alongside digitisation, exports and job creation.
Amazon announced an additional USD 13 billion investment in India, taking its planned capital commitment to USD 48 billion for 2026 to 2030. The expanded investment is directed principally toward AI and cloud infrastructure, including growth of AWS data centre capacity in Mumbai and Hyderabad, with access to custom AI chips, managed AI services, secure cloud technologies and developer tools. Amazon said the commitment reflects its long-term focus on India's digital economy, customer demand across e-commerce and AWS, and alignment with policy priorities around AI-led digitisation, export growth and job creation.
June 25, 2026
Show AI Summary
Core banking transformation through SaaS platform aims to improve reliability, automation, compliance, and scalable digital growth.
Sterling Bank of Asia selected Infosys Finacle Software-as-a-Service platform for its transformation programme, using core banking, customer data hub, trade finance, and origination solutions. The collaboration is intended to improve employee and customer experience, maintain availability and reliability, reduce operational complexity through automation and digitisation, and support future growth. The SaaS deployment is also expected to simplify technology operations, enable faster innovation, and provide secure, compliant, cloud-hosted scalability with periodic upgrades and feature enhancements.
June 25, 2026
Show AI Summary
Regional economic cooperation drives the UK-India Free Trade Agreement agenda through Gujarat's investment and trade opportunities.
Regional economic cooperation was highlighted as the practical next phase of the UK-India partnership following ratification of the UK-India Free Trade Agreement, with Gujarat presented as a central hub for industry, energy, finance, innovation and enterprise. The discussions focused on how businesses can convert the FTA into investment, market access, technology collaboration and long-term commercial partnerships, while emphasising Gujarat's industrial ecosystem, investment-friendly policies, business-ready infrastructure and policy stability.
June 25, 2026
Show AI Summary
Sea freight for horticultural exports gains momentum as premium Banganapalle mangoes reach Singapore through compliant cold-chain logistics.
APEDA facilitated the first commercial sea shipment of premium Banganapalle mangoes from India to Singapore, using GAP-certified orchards, an APEDA-recognised packhouse, and cold-chain logistics to meet Singapore's quality and phytosanitary requirements. The shipment is presented as evidence of the viability of sea freight for fresh horticultural exports and of the commercial benefits of scientific post-harvest management and sustainable export pathways.
June 25, 2026
Show AI Summary
Fixed deposit-backed secured credit card expands access to formal credit with cashback and credit-building benefits.
Fixed deposit-backed secured credit card launched to expand access to formal credit for consumers with limited or no credit history, including new-to-credit users and persons seeking to rebuild damaged credit profiles. The product helps cardholders begin building credit history through responsible usage while using an FD as security, with minimum FD requirement starting at Rs. 2,000. The card combines credit-building with FD returns up to 7% p.a. and cashback on online, offline and eligible UPI transactions, subject to stated fee and cashback caps.
June 25, 2026
Show AI Summary
Money laundering probe over alleged fund diversion at an educational society leads to searches and asset seizure.
Enforcement Directorate searches in a money laundering investigation against a Madhya Pradesh-based educational society led to seizure of cash, gold jewellery, financial records and property-related documents. The probe arises from an FIR alleging large-scale financial fraud, including misappropriation and diversion of funds belonging to the society, and is registered under the Prevention of Money Laundering Act. The searches covered residential premises, offices, educational institutions, trusts and business establishments connected with the Chouksey Group.
June 25, 2026
Show AI Summary
Gold loan borrowing capacity rises as gold prices climb, with valuation and eligibility rules unchanged.
Rising gold prices increase the borrowing capacity available against pledged gold because gold loan amounts are calculated on the basis of the weight and purity of the ornament and the gold rate applied on the assessment date. The higher rate environment therefore allows the same jewellery or coins to support a larger loan amount without any change in the underlying eligibility criteria. Gold loan eligibility requires the applicant to be an Indian citizen aged between 21 and 80 years and to submit one KYC document. Accepted security includes gold jewellery or ornaments of 18 karat to 22 karat purity, and gold coins up to 24 karat.
June 25, 2026
Show AI Summary
Quality-led MSME competitiveness drives India's push toward global value chains through benchmarking, excellence and continuous improvement.
India's MSMEs are presented as central to growth, manufacturing and exports, but the country's low global trade share is said to show a competitiveness gap. The text frames quality as the missing link between scale and participation in global value chains. It describes a National Quality Mission based on cluster development, self-assessment, roadmaps, total quality management, zero defect manufacturing and operational excellence, together with benchmarking, leadership development and continuous improvement.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs & Trade

Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran

July 15, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Dubai, Jul 15 (AP) The US military reimposed a naval blockade on Iran and intensified its airstrike campaign early Wednesday, hitting an Iranian army barracks and killing at least seven troops while wounding 260 people across the country, Iranian officials said.

Days of retaliatory strikes across the Middle East by Iran and the US, and both nations' attempts to assert control over the Strait of Hormuz, threaten to push the region back to all-out war.

More than 30 people have been killed over “recent days,” Iranian government spokesperson Fatemeh Mohajerani said, without elaborating. Seven of the dead came from the attack on the barracks in Iran's southeastern Sistan and Baluchestan province.

The US first imposed the blockade in mid-April and then lifted it in mid-June, a day after signing the interim deal that set a 60-day period for negotiations over issues like Iran's nuclear program, but talks have stalled as fighting over the strait, through which a fifth of the world's oil and natural gas trade passes during peacetime, has intensified.

Iran's paramilitary Revolutionary Guard threatened on Wednesday to halt all energy exports from the Middle East over the blockade.

“The export of oil and gas from the region will be either for everyone or for no one,” it said.

When US President Donald Trump announced the return of the blockade on Monday, he also said he would impose a 20 per cent fee on ships passing through the strait. But he dropped the plan to collect fees hours before resuming the blockade, citing requests from allies in the Persian Gulf.

Both the US and Iran launched attacks as the blockade was reimposed -------------------------------------------------------------------------------- The US carried out another wave of strikes as it reimposed the blockade, striking dozens of targets over seven hours, the US military's Central Command said Wednesday.

Hossein Kermanpour, a spokesperson for the Health Ministry, gave Wednesday's casualty figure of over 260 people wounded, without specifying how many people had been killed. Kermanpour's figures reported far more people injured than in any other round of recent violence between Iran and the US.

One strike targeted a barracks for Iran's 388th Mechanised Infantry Brigade in Bampour in Sistan and Baluchestan province, Iranian state television reported. The report said the Americans fired at least 13 missiles in the attack and that the dead included conscripts and career soldiers. A number of other troops were wounded.

The army said it would make “a decisive response to this aggressive action by the American enemy,” state TV added.

The 388th operates battle tanks and armoured vehicles.

Missile alert warnings went out in Bahrain and Kuwait early Wednesday morning as they faced incoming Iranian fire, something that's been a daily occurrence, further straining a ceasefire in the war. Jordan also said it shot down three incoming Iranian missiles. Iran claimed attacks on the three nations.

US Navy Adm. Brad Cooper, who leads Central Command, said in a statement that Iran had launched dozens of missiles and drones at neighbouring Gulf Arab countries.

“US forces are holding Iran accountable for unwarranted aggression that continues to endanger innocent lives,” Cooper said.

When the US and Israel launched the war on Iran on Feb. 28, Tehran effectively shut the Strait of Hormuz by attacking and threatening ships. That sent the price of oil, fertiliser, and other goods soaring.

Iran has more recently attacked ships moving through the strait on a route near Oman overseen by the US military that is outside Tehran's control, setting off the recent violence. The US has threatened to reopen the strait by force — but experts say that would require a much bigger armada, if not tens of thousands of ground troops.

Iran's ambassador to the United Nations, Amir Saeid Iravani, criticised America's ongoing attacks targeting his country.

“The US is the aggressor, not the victim,” he wrote to the world body's leader, according to the state-run IRNA news agency.

Trump says he's seeking Gulf investments instead of fees ------------------------------------------------------------------ Trump said Tuesday that he was called by the region's “kings and emirs,” who suggested an alternate arrangement to charging ships fees to pass through the strait, as the president proposed a day earlier.

“They said we'd love to do it a different way. We'd love to invest in the United States with billions and billions of dollars,” Trump told reporters Tuesday in the Oval Office.

Trump said he preferred that arrangement to charging tolls “because I don't think anybody should be able to charge a fee for the strait.” It was unclear if the investment deals would be new commitments relative to what Trump announced after a visit last year to the Middle East.

Trump's plan to charge fees would have been a change to longstanding American policy and a departure from US promises that the strait would remain open to all without tolls.

Trump told Fox News Channel on Tuesday night that more US strikes against Iran were coming over the next two days and that bridges and power plants could be targets by next week unless negotiations resume. Already, the US has struck at least one bridge.

“You'd better make a deal, or you're not going to have anything left,” Trump warned.

The interim peace deal is in peril --------------------------------------- Under the interim deal, Iran agreed that passage through the strait would remain free of charge for 60 days — but the agreement left open what would happen after. Iran asserts it has the right to manage traffic and potentially charge fees. The US has disputed that.

The price for a barrel of Brent crude oil, the international standard, briefly topped USD 87 early Tuesday, still well below the nearly USD 120 reached at the height of the war. The price dipped to USD 78 in the aftermath of Trump's announcement that he had changed course, then went back up to USD 85 a barrel on Wednesday.

Regional mediators, meanwhile, are still trying to get the United States and Iran back to the negotiating table. (AP) SKS SKS

Topics

Acts Income Tax