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    HDFC Bank chairman quits; bank says 'baffled' as Chakraborty declines to detail ethics concerns
    'Sense of worry among exporters': Govt approves Rs 497 cr 'RELIEF' scheme amid West Asia disruptions
    NICDC to Anchor Implementation of BHAVYA Scheme for Development of 100 Industrial Parks
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    Govt launches Rs 497-cr 'RELIEF' scheme to help exporters hit by West Asia crisis; sets up IMG
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    Haryana CM rebuts opposition's claims on online shopping, says no distress among small traders
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    India-US trade deal will dent income of farmers, adversely impact Indian economy: Opposition MPs in Lok Sabha
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March 19, 2026
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Corporate governance concerns after a chairman's ethics based resignation prompt interim leadership and regulator engagement.
An abrupt resignation by the part time non executive chairman citing differences over values and ethics-without specific allegations-triggered board engagement, a Nomination and Remuneration Committee disclosure, appointment of an interim chairman, and regulatory consultation; the bank and regulator publicly reported no material governance concerns while market confidence reacted to the leadership change.
March 19, 2026
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Export relief scheme RELIEF extends obligations and subsidises freight/insurance to ease conflict linked logistics disruptions for exporters.
The RELIEF scheme, implemented by ECGC under the Export Promotion Mission with a dedicated financial outlay, provides targeted, time bound measures for exporters affected by West Asia conflict related logistics disruptions. It includes automatic extension of export obligations for Advance Authorisations and EPCG authorisations without penalty, facilitation of ECGC coverage for forthcoming consignments, and partial reimbursement of extraordinary freight and insurance costs for MSMEs lacking ECGC cover. The scheme applies to consignments destined for or transhipped through specified Gulf and West Asia markets and is subject to dashboard monitoring and periodic review by the EPM Steering Committee.
March 19, 2026
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Plug-and-play industrial parks to streamline permits and infrastructure, accelerating establishment of manufacturing ecosystems and investment readiness nationwide.
NICDC will implement the BHAVYA scheme to develop 100 plug-and-play industrial parks with pre-approved land, ready infrastructure, integrated services and streamlined approval mechanisms including single-window systems, aligned to multimodal connectivity and infrastructure planning (including underground utilities) to ensure investment-ready industrial ecosystems.
March 19, 2026
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Ethics concerns prompted board inquiry and regulator engagement, leading to interim chair appointment to preserve governance continuity.
The chairman's resignation citing ethical misalignment prompted the board to seek specific instances and request withdrawal of certain language; unable to secure clarity, the Nomination and Remuneration Committee engaged the banking regulator, which appointed an interim chair to ensure governance continuity. Management maintained there were no substantive issues warranting resignation, described an overseas investigation as closed with accountability fixed, and directed the NRC to address executive reappointment and chairman selection under standard succession processes.
March 19, 2026
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Aadhaar update timelines: call for time bound processing and stronger grievance redressal to reduce RTI and litigation.
Delays and lack of clarity in processing Aadhaar demographic update requests, notably date of birth corrections, led the Commission to urge UIDAI to adopt clear timelines and time bound disposal procedures and to strengthen grievance redressal and public awareness so citizens need not resort to RTI or court petitions.
March 19, 2026
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Export relief scheme RELIEF supports exporters with enhanced insurance cover and reimbursements amid West Asia logistics disruptions.
RELIEF is a time bound Export Promotion Mission intervention designating ECGC Ltd. as the nodal implementing agency to provide enhanced risk coverage for ECGC insured consignments during the disruption period, supported ECGC cover for forthcoming shipments over a defined three month window, and a partial reimbursement mechanism for eligible non insured MSME exporters to offset extraordinary freight and insurance surcharges, subject to documentary verification and notified ceilings; implementation is funded from an approved EPM outlay and monitored via dashboard and periodic steering committee review.
March 19, 2026
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Energy data classified as national security mandates real time disclosure across oil and gas supply chains to central agency.
The Petroleum and Natural Gas (Furnishing of Information) Order, 2026 classifies energy data as national security and requires entities across the petroleum and natural gas supply chain to furnish production, imports, exports, stocks, storage, allocation, transportation, supply, consumption and utilisation data, aggregated or disaggregated by geography, time or consumers, to PPAC in such form, manner, electronic platform and periodicity as specified, and overrides contractual confidentiality or commercial sensitivity claims.
March 19, 2026
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Travel Document Requirements: carry passport, visa, insurance and proof of funds to smooth immigration checks.
Entry into foreign jurisdictions requires organised proof of identity, travel authorisation and intent: carry a valid passport, visa or electronic travel authorisation, proof of onward or return travel and an accessible itinerary in cabin baggage with digital backups. Carry travel insurance documents-policy certificate, coverage summary and emergency contacts-saved offline when required by entry rules. Also present accommodation confirmations, financial evidence and destination-specific health documentation such as vaccination certificates, prescriptions and medical device notes. Consolidate these papers in a single folder and ensure consistency of names and dates across documents.
March 19, 2026
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Export relief scheme extends export obligations and offers logistical and financial support to exporters affected by West Asia conflict.
The government launched a targeted export support scheme to assist exporters disrupted by the West Asia conflict, with ECGC as implementing agency and an inter ministerial group coordinating daily. The scheme covers consignments to specified West Asia destinations and comprises three components: automatic, penalty free extension of Advance Authorisation and EPCG export obligations and protection of insured shipments over an immediate one month window; measures to promote ECGC coverage for upcoming consignments over a three month period; and targeted partial reimbursement of extraordinary freight and insurance costs for MSMEs not covered by ECGC during a specified one month period.
March 19, 2026
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Textile export leadership: Tamil Nadu tops India in textile shipments, surpassing Gujarat and Maharashtra in 2024-25.
Tamil Nadu leads India in textile exports for fiscal year 2024-25 with shipments of USD 7,997.17 million, up from USD 6,193.39 million in 2020-21 and representing 21.84% of national textile exports; Gujarat and Maharashtra follow in second and third place. The National Import-Export Record for Yearly Analysis of Trade is cited as the source, and the state credits cross-departmental schemes for the multifaceted export growth.
March 19, 2026
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GMP compliance as a market access tool: certified divisional containment and neutral code manufacturing enable regulated exports and client reliability.
Alpex Pharma is a certified third party manufacturer holding WHO GMP, GMP, GLP and Ghana GMP credentials, operating three fully separated divisions (General, Beta Lactam, Cephalosporin) with dedicated containment and compliance architectures to prevent cross contamination, enable export compliance, and support neutral code manufacturing partnerships alongside a client centric account management model aligned to regulatory and commercial timelines.
March 19, 2026
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GSTAT e-filing guidance sets out role selection, document upload, payment, digital signing, and filing number generation.
GSTAT e-filing for appeals requires advance preparation through the offline draft Excel sheet, role selection, sequential completion of the appeal form, upload of PDF documents within the prescribed size limit, payment of appeal fee through the approved modes, and digital signing for final submission. The advisory also highlights mandatory vakalatnama requirements for certain representatives, entry of demand details where APL-04 is unavailable, and payment of the pre-deposit required under section 112(8). Successful filing generates a filing number and acknowledgement.
March 19, 2026
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Aadhaar forgery: arrest and seizure of devices as suspect taken for further interrogation and investigation.
Allegations concern a gang producing forged Aadhaar cards and the arrest of an individual alleged to have provided technical assistance to that syndicate; electronic devices and documentary material were recovered during a raid and the suspect was transferred for further interrogation as part of an ongoing inter-district probe.
March 19, 2026
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Textile export leadership shifts as Tamil Nadu becomes nation's top textile exporter, surpassing Gujarat and Maharashtra.
Tamil Nadu has become India's leading state in textile exports for fiscal 2024-25, surpassing Gujarat and Maharashtra, according to national import-export data compiled on a centralised trade-data platform; the state's rise is attributed to coordinated departmental schemes and planned policy measures driving multifaceted growth in the textile sector.
March 19, 2026
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Corporate governance recognition: HDFC Life placed in Leadership category under national scorecard, reaffirming transparency and accountability.
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March 19, 2026
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Merger approval: competition regulator clears Bentley's stake increase in Baby Memorial and BMH's secondary purchase in Unimed.
The Competition Commission approved a two-step Proposed Combination: Bentley Asia will acquire additional shareholding in Baby Memorial Hospital Limited, and BMH will thereafter acquire certain shareholding in Unimed Health Care Private Limited by way of a secondary purchase; the parties include a Singapore investor (Bentley), a multi-specialty hospital network (BMH), and Unimed operating Star Hospitals, with a detailed order to follow.
March 19, 2026
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Women farmer empowerment via month-wise awareness, workshops and crop insurance outreach under a corporate Krishi Sakhi initiative.
AIC launched the Krishi Sakhi Initiative to promote women farmer empowerment and inclusive participation in agriculture and crop insurance through sustained month-wise activities. Operative measures include an introductory awareness video, a staff Walkathon to symbolize support, ground-level workshops and awareness programs on crop insurance benefits, publication of related articles and interviews, and targeted sanitation and hygiene campaigns in rural areas to recognize and engage women farmers.
March 19, 2026
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GST Council authority over tax rates affirmed; no unilateral state proposal to impose heavy tax on online shopping.
The Chief Minister denied evidence of small-trader distress from online shopping, emphasised digital payments' strengthening effect on small businesses, cited interest-free loans to street vendors during COVID-19 as support measures, and stated that proposals to change tax rates on online shopping are initiated, examined and recommended by the GST Council under the GST framework.
March 18, 2026
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Direct tax collections rise driven by stronger corporate tax receipts and lower refund outflows, boosting fiscal cash flows.
Net direct tax receipts increased 7.1 per cent to Rs 22.8 lakh crore till March 17, driven by higher corporate tax mop up and reduced refund outflows; corporate tax rose about 13 per cent while non corporate receipts rose about 3 per cent. Advance tax rose 6.4 per cent in four tranches despite a marginal decline in non corporate advance tax, and gross direct tax collection also increased against the government's Revised Estimates target.
March 18, 2026
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Trade deal impact: tariff asymmetry threatens farmer incomes, prompting calls for MSP guarantee and stronger crop protections.
India-US trade negotiations are depicted as posing asymmetric market access that would expose Indian farmers to tariff-free competition from US agricultural exports while domestic producers face duties, threatening incomes and sectoral competitiveness. Parliamentary interlocutors advocated compensatory domestic measures including a Minimum Support Price guarantee, reorientation of fertiliser subsidies to end-users, reform of the crop insurance scheme to favour farmers, targeted debt relief, and import curbs on selected agricultural commodities to protect farmer livelihoods and national food security.

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Customs & Trade

Trade deal with US compromises India's interests in agriculture sector; farmers to suffer: Kejriwal

February 21, 2026

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Ahmedabad, Feb 21 (PTI) AAP leader Arvind Kejriwal on Saturday accused the Centre of "selling" India and its farmers to the US through the interim trade deal, and claimed that it is for the first time that the country's interests in the agriculture sector have been compromised in such a manner.

He expressed fear that India's exports to the US will eventually stop as our goods will become 18 per cent more expensive in that country, which will ultimately pose a big threat to the farmers.

Kejriwal and Punjab Chief Minister Bhagwant Mann are in Gujarat to prepare groundwork for their Aam Aadmi Party (AAP) ahead of the Gujarat assembly elections expected to be held in December 2027.

Addressing a press conference, Kejriwal said, "For the first time, India has compromised in the agriculture sector in such a manner. In the coming days, we will see the impact of this trade deal. Prime Minister Narendra Modi sold the entire country and the farmers to the United States. The country will never forgive this." The US had imposed a reciprocal tariff of 25 per cent on India in August last year. Later, an additional 25 per cent was imposed for buying Russian crude oil, taking the total tariffs on India to 50 per cent. Earlier this month, both countries agreed to finalise an interim trade deal, under which Washington will cut down the tariffs to 18 per cent.

The US Supreme Court, however, passed a verdict against President Donald Trump's sweeping duties on several nations, following which India will now face a lower reciprocal tariff of 10 per cent. According to Trump's proclamation, the temporary import surcharge of 10 per cent is for a period of 150 days from February 24.

Dubbing the trade deal as "unfortunate", Kejriwal said Gujarat produces maize, soybean, dairy products, peanut and cotton.

"Many of these products are exported, especially to the US. In this free trade agreement, it is written that the goods we send to the US will face an 18 per cent tariff. If our goods become 18 per cent more expensive in the US, how will we remain competitive there? Our exports will eventually stop," the former Delhi chief minister said.

"On the other hand, when American cotton is sent to India, earlier there used to be significant duty on it but it has now been brought down to zero. So American cotton will come to Gujarat, and when it is sold here, our farmers will not be able to compete with it. So the cotton produced by Indian farmers will neither sell in India nor in the US," he said.

"Our farmers will suffer losses. This is the situation. Why did PM Modi make such a treaty with the USA?" he asked.

Kejriwal also criticised the annual budget presented in Gujarat recently, saying that the common man has high expectations from it because household finances depend heavily on government decisions.

People look to the budget for relief in prices and improvements in essential sectors like education and healthcare. But there is nothing in it for the common people. The budget lacks provisions of education and there is nothing for healthcare, roads, farmers, traders, women, unemployed or any section of society, he alleged.

"Elections are about one-and-a-half years away. Often it is seen that when elections approach, at least governments try to do something - give some relief so that they can get votes. But the Gujarat government is not even concerned about that," he said.

Kejriwal hit out at the opposition Congress, saying people do not want to vote in favour of that party.

"Because of that, the BJP has become arrogant - thinking that they do not need to do anything. The entire budget is only aimed at exploiting people. This budget shows their arrogance and is an insult to the people of Gujarat. But in the assembly elections, people will give their answer," the AAP leader said. PTI KVM PD NP

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