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August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.

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Customs & Trade

Powering India's Energy Freedom

August 12, 2026

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NexGen Energia Ltd. on waste, wealth and the road to energy self-reliance As India marks this Independence Day under the theme ‘Honouring Freedom, Inspiring the Future’, we asked NexGen Energia Ltd. — the Noida-based Compressed Biogas (CBG) company betting on India's agricultural waste as a source of energy self-reliance — to reflect on its journey, its philosophy, and its place in the country's clean energy transition.

1. Company genesis NexGen Energia Ltd. was incorporated in February 2019 to address three problems at once: India's dependence on imported fossil fuels, the country's mounting agricultural and organic waste, and the annual crop-residue burning that chokes North Indian skies every winter. The founding conviction was that India's landfills and farms were not liabilities but green fuel fields waiting to be tapped — an insight that shaped NexGen's core business of converting organic waste into Compressed Biogas (CBG), green diesel and bio-fertiliser.

2. Corporate profile Headquartered in Noida with a registered office in Mumbai, NexGen Energia has grown from a single CBG proposition into a diversified clean-fuel platform spanning CBG/Bio-CNG manufacturing and retail, green diesel, bio-coal, EV charging and lubricants. Its first CBG plant was commissioned in Gorakhpur, Uttar Pradesh, with plants now also running in Haridwar and Chennai. Its current plan includes a ten-project portfolio of 10 and 20 TPD CBG plants across Uttar Pradesh, Bihar and Rajasthan — anchored by sites at Bulandshahr, Fatehgarh, Balrampur, Arrah, Kota and Bikaner — at an indicative capex of ₹1,000 crore, with plants at Vijayawada, Indore and Rajkot slated for commissioning by the end of this year.

3. Vision and mission NexGen Energia describes its vision as being “a catalyst for positive change… driving the transition to a sustainable future through biofuels, electric vehicles, and responsible water management.” Its mission translates that ambition into practice: to be a driving force in India's shift to renewable energy, empowering entrepreneurs — from farmers to first-time investors — to set up CBG plants that cut fossil-fuel dependence while converting organic waste into a source of income.

4. Challenges and resilience NexGen entered a sector where ambition has outpaced execution: even with over 200 CBG plants commissioned nationally, capacity remains a fraction of what India's biomass base could support, held back by capital intensity, feedstock-aggregation bottlenecks and long commissioning cycles. The government's newly approved GOBARdhan National Circular Bioenergy Scheme — a ₹23,731 crore, ten-year push for nearly ten-fold growth in domestic CBG production — is designed to close that gap. NexGen's own response has been an asset-light execution model — partnering with landowners rather than acquiring land outright, while retaining full control of design, installation and operations — which has let the company move from a single commissioned plant to a multi-state pipeline without the capital drag of a land-heavy balance sheet.

5. Key achievements Milestones include commissioning its first CBG plant in Gorakhpur, with plants now also running in Haridwar and Chennai; a plan to invest ₹1,000 crore in CBG pumps over a decade; and a nationwide multi-fuel retail stations initiative in collaboration with Oil & Gas PSUs. Three further plants — at Vijayawada, Indore and Rajkot — are slated for commissioning by the end of this year, alongside a ten-project portfolio of 10 and 20 TPD CBG plants taking shape across Uttar Pradesh, Bihar and Rajasthan.

6. Success philosophy NexGen's USP is structural: rather than building and operating plants alone — or requiring partners to also arrange land — it partners directly with landowners holding roughly 10 acres per site, while NexGen itself designs, installs and operates the plant end-to-end. Where most EPC players hand a plant over once it is commissioned, NexGen's forte lies specifically in operations — running the digesters, upgrading systems and offtake logistics for the plant's working life, not just installing and commissioning the machinery. That land-partner model, layered onto India's new GOBARdhan policy tailwinds, lets the company scale a pipeline of owned-and-operated plants without the capital and time lag of outright land acquisition, while giving landowners a stake in a long-term revenue stream — and NexGen full control over execution quality and commissioning timelines. “We are actively looking to partner with landowners who can offer around 10 acres for a CBG plant — NexGen handles the design, installation and operations end-to-end, and the landowner gets a long-term stake in the revenue,” says Anand Dwivedi, Spokesperson, NexGen Energia. Landowners interested in exploring this opportunity can write to [email protected] or visit the company's website.

7. Innovation and technology NexGen's CBG plants use anaerobic digestion — the same dome-digester architecture already operating across India's commissioned CBG fleet — to convert agricultural residue, food waste and animal manure into raw biogas. Its digester technology extends further to spent wash and stillage, the effluent generated by both molasses-based and grain-based distilleries, widening its addressable feedstock base well beyond agricultural residue and municipal waste. For gas upgrading, the company has access to VPSA (Vacuum Pressure Swing Adsorption), membrane separation and amine-scrubbing technologies through associations with technology partners including Thermax and Paques, giving it a choice of purification routes suited to different feedstock and plant-size combinations. Newer projects in its pipeline also diversify beyond fuel and fertiliser sales into briquette sales to industries and aggregators, aimed at better realisations from digestate.

8. Inclusive leadership NexGen's land-partner model is, by design, a distributed one: it opens plant ownership and retail operation to first-generation entrepreneurs, farmers, landowners and small-town investors rather than only large corporates, across states as varied as Uttar Pradesh, Uttarakhand, Haryana, Maharashtra and Madhya Pradesh. Widening who gets to build India's energy infrastructure is a consistent thread across the company's public communication.

9. Global outlook NexGen's international outlook is expressed chiefly through technology rather than geography: its access to VPSA, membrane and amine gas-upgrading routes via its technology partners gives its India-first, land-partner build-out an internationally benchmarked technology stack.

NexGen frames its core business as a social-impact proposition in itself: CBG plants let farmers monetise crop residue instead of burning it, generate bio-fertiliser and briquettes alongside fuel, and create rural income tied to waste management. Its land-partner model extends this further, bringing waste-to-energy infrastructure to landowners and communities who would otherwise have no route into the sector. Beyond enabling others, NexGen's own ambition is to grow a directly owned-and-operated portfolio — the plants already running in Gorakhpur, Haridwar and Chennai, the three more due by year-end in Vijayawada, Indore and Rajkot, and the ten-project pipeline of 10 and 20 TPD plants across Uttar Pradesh, Bihar and Rajasthan together marking early steps toward a much larger self-owned CBG footprint nationally.

11. Industry impact NexGen has positioned itself among the more aggressive private players in India's still-nascent CBG sector, where execution has broadly lagged government ambition — barely a quarter of the Letters of Intent OMCs have issued nationally have converted into operating plants. By pairing an asset-light, land-partner execution model with a concrete, multi-state pipeline — commissioned plants in Gorakhpur, Haridwar and Chennai, three more due by year-end, and a ten-project portfolio of 10 and 20 TPD plants taking shape — the company has pushed toward the front of a field still dominated by public-sector oil marketing companies and a long tail of small, undercapitalised developers.

12. Societal contribution The through-line across NexGen's activities — CBG, green diesel, bio-fertiliser, EV charging — is import substitution and energy security: less reliance on imported crude and gas, income for farmers and landowners who would otherwise burn residue or leave land under-used, and decentralised energy infrastructure reaching towns like Gorakhpur and Haridwar rather than only metros. India's growth will demand a rising share of global energy even as the country works to cut oil imports, currency outflows and emissions — the gap NexGen positions itself to help fill, one commissioned plant at a time.

13. ‘Honouring Freedom, Inspiring the Future’ For NexGen, that theme reads almost literally as energy freedom. Every CBG plant it builds is, in effect, a small act of import substitution — biomethane brewed from Indian crop residue and cattle waste standing in for gas that would otherwise be shipped in. That idea links reduced oil imports and currency outflows to national resilience. Seventy-eight years after independence, NexGen's pitch is that the next chapter of freedom will be measured in energy self-reliance — and it wants CBG to be part of writing it.

For enquiries NexGen Energia Ltd Contact: +91 88005 99662 Email: [email protected] Website: www.nexgenenergia.com (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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