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
    Taurian MPS Targets 50%+ Revenue CAGR Over the Next Three Years, Backed by Export Expansion, Higher-Margin Growth, Improving Working Capital and an Rs...
    ED freezes TMC's Rs 440-cr worth bank deposits under PMLA
    UST Partners with Anthropic to Bring Claude Into UST''s Platforms, Engineering, and Operations and Train 20,000 UST Employees Globally
    India Hosts 13th ASEAN-India Trade in Goods Agreement Joint Committee Meeting to Advance ASEAN-India Trade Pact Review
    CIBC Opens Global Capabilities Hub in Hyderabad, India
    The Hidden Friction Points of Shipping from Canada to India
    ED raids in UP against ex-SP MLA
    CCI approves merger of 51 Malabar Group’s companies with and into Malabar Gold and Diamonds Ltd
    CCI approves acquisition of certain shareholding in Sorting Hat Technologies and its merger with and into upGrad Education Pvt Ltd
    Airlines' body FIA urges govt to bring jet fuel under GST
    IFB Agro warns of headwinds across alcohol, aqua feed businesses
    Government Extends Additional NPS Investment Choices to Employees of Central Autonomous Bodies (CABs)
    TGI Fridays® Introduces The World's First TGI Fridays® Microbrewery With The Opening Of Its Vasant Kunj Flagship
    Axis Direct Issues Investor Advisory Against Fake Trading Groups and Impersonation Fraud
    APEDA Facilitates Commercial Export of Amrapali Mangoes from Jharkhand to Dubai
    ECLGS 5.0 Crosses 4.11 Lakh Guarantees with guaranteed amount reaching over ₹1.55 Lakh Crore
    HCLTech achieves ISO/IEC 42001:2023 Certification demonstrating leadership in Responsible AI
    Moongipa Capital Finance Unveils Its Next Growth Chapter with Digital Transformation and Entry into Electric Vehicle Financing
    IIFL Finance Says Co-Lending Can Accelerate India's Last-Mile Credit Delivery
    Union Minister of Commerce and Industry Shri Piyush Goyal calls upon leather and footwear industry to target at least USD 15 billion in exports in nex...
❯❯
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
July 8, 2026
Show AI Summary
Export expansion and working-capital discipline support Taurian MPS's high-growth roadmap and stronger order-book visibility.
Taurian MPS Limited has outlined a growth strategy centred on achieving a revenue CAGR of over 50% over the next three years through stronger domestic and export order inflows, faster execution, expansion of its international dealer network and improved working-capital efficiency. The company says its current order book of about Rs 83.85 crore provides execution visibility, with domestic orders forming the larger share and export orders contributing the balance. These orders are expected to be executed over the next four to five months, subject to customer advances, final confirmations, site readiness and delivery schedules.
July 8, 2026
Show AI Summary
Money laundering asset freezing under PMLA targets suspected bank deposits and linked transactions pending confirmation.
Freezing of bank deposits under the Prevention of Money Laundering Act operates where an asset cannot practicably be seized and must be protected from transfer or other dealing. An officer may issue a freezing order in respect of bank accounts containing suspected proceeds or linked funds, subject to confirmation by the adjudicating authority within the prescribed time. The investigation also concerns alleged routing of funds through related entities and purchases of aircraft and helicopter assets through connected transactions.
July 8, 2026
Show AI Summary
Strategic AI alliance expands Claude across enterprise workflows, internal operations, and large-scale workforce training.
UST entered into a strategic alliance with Anthropic to integrate Claude models across UST's engineering environments, proprietary platforms, industry solutions and internal operations, with the objective of helping enterprise clients adopt trusted AI at scale. The collaboration extends to UST's own operations and includes plans to certify 20,000 associates worldwide on Claude, supported by Anthropic's enablement, technical guidance and certification.
July 8, 2026
Show AI Summary
ASEAN-India trade agreement review advances as joint committee urges faster finalisation of pending negotiation chapters.
India hosted the 13th ASEAN-India Trade in Goods Agreement Joint Committee meeting and related hybrid sessions in New Delhi to review progress under the AITIGA Review. The Joint Committee gave strategic guidance to sub-committees on customs procedures and trade facilitation, national treatment and market access, and rules of origin, and urged expeditious finalisation of outstanding review chapters through time-bound deliverables and close coordination within agreed timelines.
July 8, 2026
Show AI Summary
Global capabilities hub expansion strengthens cross-border collaboration, talent development, and client-focused growth strategy.
CIBC announced the opening of a global capabilities hub in Hyderabad, India, to support its modernization and growth strategy. The new office is intended to strengthen the bank's global footprint, expand its talent pool, and accelerate client-focused growth by insourcing work previously managed by third parties. The announcement also highlights cross-business and cross-border collaboration within CIBC's global network.
July 8, 2026
Show AI Summary
Customs clearance and real-time tracking shape efficient Canada to India parcel delivery across cross-border logistics.
Cross-border shipping from Canada to India depends on coordinated customs clearance, accurate documentation, first-mile access, strategic hub routing, and mature last-mile delivery networks. An improperly completed customs declaration or weak logistical planning may delay freight, while digital tools and direct hub connections improve efficiency and reduce transfers. Reliable parcel delivery also depends on clear pricing, compliance handling, and real-time tracking from warehouse scan to final delivery.
July 8, 2026
Show AI Summary
Money laundering probe under PMLA leads to searches over disproportionate assets and alleged proceeds through business entities.
Enforcement Directorate conducted searches in Uttar Pradesh in a money laundering investigation under the Prevention of Money Laundering Act against a former Samajwadi Party MLA and linked persons. The probe arose from an FIR alleging disproportionate assets, and preliminary inquiry indicated laundering of proceeds of crime through companies and LLPs engaged in real estate, construction and other businesses.
July 8, 2026
Show AI Summary
Merger approval under competition law for Malabar Group companies and Malabar Gold and Diamonds Limited in the jewellery sector.
Merger approval under competition law for the combination involving 51 Malabar Group companies and Malabar Gold and Diamonds Limited. The proposed transaction envisages the merger of 51 transferor companies with the transferee company, most of which are engaged in the jewellery business. The transferee company is engaged in manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising and otherwise dealing in jewellery and allied products.
July 8, 2026
Show AI Summary
Competition approval for acquisition and merger in the education sector involving Sorting Hat Technologies and upGrad Education.
Competition approval was granted for the proposed combination involving acquisition of certain shareholding in Sorting Hat Technologies Private Limited and its merger with and into upGrad Education Private Limited. The combination concerns two Indian private limited companies with presence in the education sector, including formal and non-formal education for the acquirer and non-formal education for the target.
July 7, 2026
Show AI Summary
Aviation turbine fuel under GST sought to cut airline operating costs and improve financial viability.
Airlines have sought inclusion of aviation turbine fuel under the GST regime to reduce operating costs and ease financial pressure on Indian carriers. The request points to the present tax structure under which States levy excise duty and VAT on ATF, making fuel a major component of airline operating expenses. The industry body urges that ATF be brought under GST at 5 per cent with full Input Tax Credit, and asks the civil aviation ministry to support engagement with the relevant ministries and stakeholders.
July 7, 2026
Show AI Summary
Alcohol and aquaculture feed pressure weigh on IFB Agro as excise issues, input costs and supply disruptions persist.
IFB Agro Industries reported improved consolidated revenue for FY26 but warned of continued pressure on its alcohol business from excess ENA capacity, higher input costs, weak by-product realisations and repeated excise duty increases affecting IML demand. The company also alleged intermittent disruption to distillery operations and interference by state excise authorities. Its aquaculture feed and marine businesses were said to face raw material inflation, pricing constraints, shrimp supply shortages, geopolitical freight disruptions and shipping delays.
July 7, 2026
Show AI Summary
NPS investment flexibility expands as additional life cycle fund choices are extended to eligible Central Autonomous Body employees.
Additional NPS investment choices have been extended to employees of Central Autonomous Bodies covered under the National Pension System. The earlier notification introducing two life cycle funds for Central Government employees is now made available to eligible CAB employees under revised names and investment parameters. The choices provide greater flexibility in pension investment and are to be disseminated by administrative authorities and implemented in the Central Recordkeeping Agency system.
July 7, 2026
Show AI Summary
Experiential dining expansion as TGI Fridays launches a flagship microbrewery concept in India through strategic franchise partnerships.
TGI Fridays expanded its India presence with the launch of a flagship outlet at Ambience Mall, Vasant Kunj, presented as the world's first TGI Fridays microbrewery. The concept combines the brand's American dining format with in-house craft brewing, handcrafted cocktails, live brewing and contemporary interiors, and is positioned as a differentiated experiential destination for the Indian market. The launch was executed through Bistro Hospitality Pvt. Ltd., the master franchisee for India, in partnership with Feastary Hospitality LLP, the exclusive franchise partner for North India.
July 7, 2026
Show AI Summary
Investor fraud alerts warn against impersonation scams, fake trading groups and unverifiable investment offers using brand identity.
Investor advisory cautions against fraudulent entities and impersonation scams misusing the name, logo and brand identity of Axis Securities and Axis Direct to promote fake investment opportunities. Investors are advised to independently verify all investment-related communication, payment requests and offers through official channels before acting. Warning signs include unofficial groups, unauthorised stock tips, requests for transfers to personal or unverified accounts, unrealistic return promises, unfamiliar applications, confidential information requests and unverifiable documents or approvals.
July 7, 2026
Show AI Summary
Export market access boosts women-led horticulture in Jharkhand through APEDA-facilitated Amrapali mango shipments to Dubai.
APEDA facilitated the commercial export of Amrapali mangoes from Jharkhand to Dubai through women-led Farmer Producer Companies, connecting tribal and rural producers with overseas retail markets. The export was supported by coordinated participation of APEDA, state and district administrations, exporters and development institutions, and was accompanied by capacity-building on international quality standards, post-harvest handling, export procedures and institutional awareness for export readiness.
July 7, 2026
Show AI Summary
Risk-mitigation credit support under ECLGS 5.0 boosts liquidity for MSMEs and other businesses.
Emergency Credit Line Guarantee Scheme 5.0 provides risk-mitigation support to lending institutions for extending additional credit to businesses affected by external geopolitical disruption. The scheme offers 100% guarantee coverage for additional loans to MSMEs and 90% coverage for other business segments, with the objective of improving liquidity, easing cash-flow disruption, and enabling member lending institutions to lend with greater confidence. A nationwide outreach programme is also underway to improve awareness and support implementation.
July 7, 2026
Show AI Summary
Responsible AI governance gains momentum as HCLTech secures ISO/IEC 42001:2023 certification for enterprise AI management.
HCLTech obtained ISO/IEC 42001:2023 certification for its Enterprise Artificial Intelligence Management System, covering AI lifecycle processes and AI-enabled services. The certification validates a Responsible AI framework focused on governance, risk management, transparency, fairness, accountability and continuous improvement, and is said to align with evolving global regulatory requirements, including the EU AI Act.
July 7, 2026
Show AI Summary
Digital lending and electric vehicle financing drive Moongipa Capital Finance's strategic expansion and technology-led growth.
Moongipa Capital Finance Ltd., an RBI-registered NBFC-ICC, has announced a strategic expansion centred on digital transformation and entry into electric vehicle financing. The company is strengthening its lending model through a technology-enabled ecosystem intended to support faster credit decisions, paperless onboarding, workflow automation, loan origination, servicing, and customer engagement, while stating that underwriting, pricing, compliance, and credit approval remain its own responsibility in line with RBI Digital Lending Guidelines.
July 7, 2026
Show AI Summary
Co-lending and financial inclusion can expand affordable credit, improve last-mile delivery and support underserved borrowers.
Co-lending between banks and NBFCs is presented as a mechanism for expanding affordable formal credit to underserved borrowers and advancing financial inclusion. The framework is said to combine banks' low-cost capital and balance-sheet strength with NBFCs' local market knowledge and last-mile distribution, improving access, speeding disbursement and reducing dependence on informal finance. The RBI's co-lending framework is described as providing clarity on governance, risk-sharing and customer protection.
July 7, 2026
Show AI Summary
Leather and footwear exports urged to grow through FTAs, market diversification, stronger standards and sustainability.
Leather and footwear exporters are urged to pursue three-fold growth and raise exports to at least USD 15 billion by using Free Trade Agreements, diversifying destination markets and strengthening quality, design, branding, sustainability and scale. The sector is also encouraged to deepen institutional and technical capabilities through leather development centres, design and packaging institutions, quality and standards bodies, and advanced testing laboratories, while improving worker training, product standards, safe manufacturing and sustainability.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs & Trade

Govt sets LPG production targets for refiners; Reliance gets largest quota

August 16, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Aug 16 (PTI) The government has for the first time fixed maximum cooking gas LPG production targets for individual public- and private-sector refineries and upstream companies, as it seeks to build a domestic supply buffer after the West Asia conflict exposed the country's vulnerability to disruptions in imported cooking gas.

The Petroleum and Natural Gas Ministry, in an order issued on August 13, has specified maximum LPG production levels for 21 refineries and upstream companies, with combined production potential set at 63,810 tonnes a day -- more than double the domestic LPG output in the fiscal year ended March 31, 2026 and about 70 per cent of the country's daily consumption.

The production limits will kick in whenever there is a supply constraint.

The lion's share of the planned output has been set from Reliance Industries Ltd's older refinery, which would have to produce up to 18,000 tonnes a day of LPG, according to the order.

India consumed 33.2 million tonnes of LPG in the 2025-26 fiscal year (about 91,000 tonnes per day). Of this, 13.1 million tonnes a year was produced locally (about 35,900 tonnes a day) while the remaining 21.3 million tonnes per annum (about 58,400 tonnes a day) was imported.

This high import dependence of over 64 per cent left the country exposed when the start of the Iran war effectively shut the Strait of Hormuz, the narrow sealane through which India got 90 per cent of its imports from nations like Saudi Arabia.

With supplies impacted, the government in March ordered refineries to divert streams used for petrochemicals production to maximise LPG output.

It also initially stopped sales to industrial and commercial users and thereafter gradually scaled it up. For domestic households, periodicity of booking a refill was increased, and they were encouraged to shift to piped natural gas, whose supplies were not so severely impacted due to the war.

Domestic production was ramped up to about 55,000 tonnes a day at the height of the crisis, but the emergency orders asking refiners to maximise output were gradually withdrawn after supplies eased from mid-June.

The new order goes further than the emergency one issued during the West Asia crisis by creating facility-wise production benchmarks and requiring refiners and upstream companies to maintain adequate infrastructure for LPG storage, evacuation and transportation. Companies must also pursue technically and economically feasible upgrades to maximise output.

The government has empowered itself to order refiners, oil marketing companies and upstream producers to ramp up LPG production for specified quantities and periods whenever it considers such action necessary to ensure adequate domestic availability, equitable distribution and supply at fair prices.

The production schedule will be reviewed every six months, allowing the government to add output from new refineries and upstream fields and account for additional capacity created through technology and infrastructure upgrades.

The order also requires refiners to consider measures such as converting naphtha into LPG and upgrading fluid catalytic cracking units where technically and economically viable, underscoring the government's push to extract more LPG from existing refining infrastructure.

The government had introduced several emergency measures during the West Asia crisis, including prioritising household LPG supplies and restricting supplies to some commercial and industrial users as imports were disrupted.

The new production framework is aimed at ensuring that a future disruption to overseas LPG supplies does not translate into the shortages and rationing seen during the recent crisis.

Taking lessons from the crisis, the government has now put the country's refineries and upstream producers under a standing framework to maintain and, when necessary, increase LPG output.

Eighteen refineries owned and operated by public sector oil companies have been ordered to produce a total of 31,470 tonnes a day.

In the private sector, Reliance's 33 million tonnes a year domestic-tariff area (DTA) refinery at Jamnagar in Gujarat, products from which are sold locally, has been ordered to produce 18,000 tonnes. No target has been set for Reliance's 35.2 million tonnes a year only-for-exports refinery at the same site.

Russia's Rosneft-backed Nayara Energy's 20 million tonnes a year Vadinar refinery has been asked to produce 4,480 tonnes a day, according to the order.

Upstream gas producers and processors like ONGC and GAIL, who make LPG from natural gas, have been given a target of 6,460 tonnes a day.

"It is hereby ordered that all public sector, joint venture and private sector oil refining companies, and upstream oil companies shall develop, augment and at all times maintain adequate infrastructure for storage, evacuation and transport of Liquefied Petroleum Gas (LPG) either by itself or through other entities viz railways or road tankers adequate for the specified quantities," the order said.

They were also ordered to "implement all technically and economically feasible measures and technologies such as naphtha-to-LPG conversion, gasoline-based fluid catalytic cracking unit to petro-fluid catalytic cracking unit, or other upgrades, to maximise LPG production beyond current minimum producible quantities as specified in the Schedule, with intimation to Centre for High Technology or any other authorised agency, whenever such an upgrade is undertaken." The ministry further said "if Central Government is of the opinion that it is necessary in public interest to ensure adequate availability, equitable distribution and availability at fair prices of domestic LPG, it may by itself or through Centre for High Technology or any other authorised agency, by order in writing, issue direction to oil refining companies, oil marketing companies and upstream oil companies to ramp up the LPG production levels for such quantity and period specified therein, including compliance with any restrictions on alternative uses of input streams required to produce the LPG." Whenever directions are issued, the companies will have to ramp-up LPG production levels within the stipulated time frame.

The central government, the order said, shall update the production Schedule on 1st January and 1st July of every year, including updates to LPG production from new refineries and upstream oil companies or additional LPG quantities from existing refineries and upstream companies due to changes to associated infrastructure and production technology, evacuation, supply, transport or distribution of LPG. PTI ANZ HVA

Topics

Acts Income Tax