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March 28, 2026
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Investor facilitation camps streamline unclaimed dividends, unclaimed shares, and IEPF claim redressal through single-window support.
Investor facilitation camps under the Investor Education and Protection Fund framework provide single-window support for claim redressal, unclaimed dividends, unclaimed shares and pending IEPFA claims. The Bhubaneswar "Niveshak Shivir" offered on-the-spot KYC and nomination updates, direct interaction with company representatives and RTAs, and assistance through a Search Facility Help Desk for identifying unclaimed investments transferred to the IEPF. Participants were guided on locating potential claims and proceeding through Form IEPF-5.
March 28, 2026
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Startup ecosystem collaboration expands support for fuel-tech innovation, market access, mentorship and technology-driven solutions.
Structured support for startups in fuel-tech, manufacturing, deep-tech and allied sectors is to be advanced through a memorandum of understanding. The collaboration covers innovation challenges and hackathons, investor connect programmes, skill development initiatives, pilot opportunities and market access for early-stage innovators. It also seeks to support startups from ideation through prototyping, use the Startup India platform for wider outreach, and strengthen industry-startup linkages for technology-driven solutions and indigenous innovation.
March 28, 2026
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Pass-through taxation for venture capital income through Form 74, with online filing and investor-level reporting requirements.
Form 74 is a statement to be furnished by a Venture Capital Fund or Venture Capital Company in relation to income paid or credited to investors for section 222. It is filed online by the specified fund or company by 15 June of the following financial year, with supporting registration, deed, audited accounts, and certified income distribution records kept in possession. The form supports pass-through taxation, so the income is reported in the hands of investors according to its character.
March 28, 2026
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Decriminalisation and proportionate regulation reshape compliance through civil penalties, graded enforcement, and faster adjudication.
The Jan Vishwas (Amendment of Provisions) Bill, 2026 proposes amendment of 784 provisions across 79 Central Acts and decriminalisation of 717 provisions to promote Ease of Doing Business, together with 67 amendments to facilitate Ease of Living. It shifts minor, technical, or procedural defaults from criminal penalties to civil and administrative enforcement, including warnings, monetary penalties, graded enforcement, and rationalisation of fines in proportion to the offence. The Bill also provides for Adjudicating Officers and Appellate Authorities to support time-bound enforcement and natural justice.
March 28, 2026
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Consensus-based WTO reform: India urges inclusive, member-driven negotiations, development concerns, and safeguards against multilateral fragmentation.
Consensus-based decision-making was emphasised as central to the WTO's legitimacy, with India calling for reform discussions to address structural asymmetries inherited from the Uruguay Round and to preserve the sovereign right of Members not to accept rules they do not agree to. India supported a careful stock-take of the current impasse, with reform deliberations conducted in a transparent, inclusive and Member-driven manner, and warned that fragmentation within the institutional framework would weaken the multilateral trading system.
March 28, 2026
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Duty Deferment Scheme for manufacturer importers eases liquidity, speeds clearance, and supports compliant monthly duty payment.
Duty Deferment Scheme for Eligible Manufacturer Importers permits deferred payment of import duties for qualifying manufacturer importers, with duties payable monthly after goods are cleared. The scheme is framed as a trade facilitation measure to improve liquidity, support faster cargo clearance, reduce dwell time, strengthen import planning and inventory management, and enhance supply chain efficiency and payment discipline. Eligibility depends on a valid importer-exporter code, prescribed EXIM filing history, GST compliance, financial solvency, and a clean compliance record. Applications are submitted online through the AEO portal without physical interface.
March 28, 2026
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Pass-through income reporting through Form 73 enables securitisation trust investors to classify income correctly for tax returns.
Form 73 is the investor-wise statement furnished by a Securitisation Trust under the pass-through income framework. It is auto-generated from Form 72 and records income paid, credited or deemed to be credited during the tax year so that investors can report the income under the correct heads in their return. The form is not separately filed with the department; it is downloaded, verified and furnished to each investor by the trust. It includes trust particulars, investor details, head-wise income breakup, verification by the authorised person, and the date of payment or credit.
March 28, 2026
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Securitisation trust income reporting through Form 73 enables investor disclosure, income classification, and pass-through compliance.
Form 73 is the prescribed statement of income distributed by a securitisation trust to each investor under section 221. It is not filed separately, but generated as a child form from the parent Form 72 by the person responsible to pay on behalf of the securitisation trust, and then furnished to each investor. The form is auto-generated through the e-filing portal from the data filed in Form 72, with no separate documents required and no offline filing facility.
March 28, 2026
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Pass-through taxation for securitisation trusts drives Form 72 reporting, investor statements, and income classification compliance.
Form 72 is the annual consolidated statement required from every securitisation trust for reporting income paid or credited to investors under section 221 of the Income Tax Act, 2025, and is filed electronically under rule 145. The form captures trust particulars, registration details, total income by head, investor-wise income distribution, authorised-person verification, and accountant certification. It is due by 15 June of the financial year following the tax year, and supports the pass-through taxation mechanism by enabling Form 73 statements to be auto-generated for investors after filing.
March 28, 2026
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Foreign tax credit compliance through Form No. 45 requires electronic intimation after dispute settlement and supporting undertakings.
Form No. 45 is a new electronic intimation form for a resident assessee to report settlement of a dispute relating to foreign tax for which credit was not earlier claimed, where foreign tax credit is now intended to be claimed. Filing is mandatory in the specified circumstances, must be made through the Income-tax e-filing portal, and is due within six months from the end of the month in which the dispute is finally settled after Form No. 44 has been filed. The form requires supporting evidence, undertakings, and accountant verification in cases where Form No. 44 required such verification.
March 28, 2026
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Foreign tax credit intimation form streamlines settlement-based claims for previously unclaimed credit under the filing rules.
Form No. 45 provides a structured electronic intimation for settlement of dispute regarding foreign tax for which credit was not claimed. It applies to a resident assessee with foreign income who seeks foreign tax credit after the dispute is finally settled, where Form No. 44 had already been filed for the relevant tax year. The form must be filed within six months from the end of the month in which the dispute is finally settled, with supporting documents, and must be verified by an accountant where Form No. 44 required accountant verification.
March 28, 2026
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Securitization trust income reporting through Form 72, with online filing, prescribed records, and pass-through taxation compliance.
Form 72 is the statement of income paid or credited by a securitization trust to its investors. It must be furnished to the Income-tax Department online by the person responsible for paying or crediting income on behalf of the trust, by 15 June of the financial year following the tax year in which the income was paid or credited. Filing requires the trust's books, audited financial statements, income details from securitised assets, investor particulars, distribution records, and the applicable registration certificate.
March 28, 2026
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Audit report compliance for offshore banking unit investment divisions governs exemption and concessional taxation claims under income tax rules.
Form 71 is the mandatory audit report for a registered investment division of an offshore banking unit where a specified fund seeks exemption under section 11 read with Schedule VI or concessional taxation under section 210(3) of the ITA 2025. It certifies fulfilment of the prescribed eligibility conditions, including separate books, audit by an accountant, relevant documentation, and filing by the specified date. The form is filed electronically with supporting records and, when validly furnished, supports the claim to exemption or concessional rates.
March 28, 2026
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Tax exemption compliance for specified funds depends on timely electronic filing of Form 71 and accountant verification.
Form 71 is the prescribed audit report for verification by an accountant in respect of the computation of exempt income of a specified fund attributable to the investment division of an offshore banking unit. It is linked to the claim of exemption or taxation at concessional rates for eligible income, and its filing is one of the conditions for admissibility of that claim. The form must be filed electronically on the income-tax e-filing portal and verified by the accountant either through digital signature or electronic verification code. It cannot be filed offline, and once validly submitted and acknowledged it cannot be edited.
March 28, 2026
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Specified fund compliance for Form 70 governs exempt income reporting and concessional taxation claims for offshore banking units.
Form 70 is the prescribed e-form for a specified fund to furnish the annual statement of exempt income attributable to the investment division of an offshore banking unit under section 11 read with Schedule VI, together with income taxable at concessional rates under section 210(3) of the ITA 2025. Filing is mandatory for a specified fund seeking exemption or concessional taxation and must be made electronically on the e-filing portal by the due date, with supporting documents, verification by the Trustee or Principal Officer, and the audit report in Form 71 certifying separate accounts and audit of the eligible investment division.
March 28, 2026
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Exempt income reporting through Form 70 requires electronic filing, verification, and timely compliance for specified fund benefits.
Form 70 is the annual statement for a specified fund to report exempt income and income taxable at concessional rates in relation to the investment division of an offshore banking unit. It must be verified by the Principal Officer or Managing Trustee and filed electronically on the Income-tax e-filing portal within the prescribed due date. Filing a valid form is a mandatory condition for claiming exemption or concessional taxation, and the form cannot be filed offline or edited after valid submission. A valid PAN of the fund and the verifier is required, along with prescribed supporting documents and mandatory attachments.
March 28, 2026
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Concessional taxation for specified funds depends on timely filing of Form 69 with income and unit-holder details.
Form 69 is the prescribed annual statement for a specified fund to report income attributable to units held by non-residents, other than a permanent establishment in India, for concessional taxation. The form is a mandatory compliance requirement and must be filed electronically on or before the due date, with trustee or principal officer verification. It includes fund particulars, registration details, and computations of income from securities and capital gains, supported by constituting documents, registration certificate, financial statements, securities statements, and unit-holder residency details.
March 28, 2026
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Concessional taxation for specified funds requires electronic Form 69 filing, verification, and timely supporting disclosures.
Form 69 is the prescribed electronic statement for a specified fund claiming concessional taxation on income attributable to units held by a non-resident, other than a permanent establishment in India. A valid filing within the prescribed due date is a mandatory condition for the concessional rate benefit. The form must be verified by the Principal Officer or Managing Trustee, supported by the prescribed annexures and documents, and cannot be edited after submission and acknowledgment.
March 28, 2026
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Exempt income reporting under Form 68 streamlined for specified funds with electronic filing and updated verification requirements.
Form 68 is the annual statement prescribed for specified funds seeking exemption under Section 11 read with Schedule VI of ITA 2025 in respect of income attributable to units held by a non-resident, other than a permanent establishment in India. It is filed electronically by the Principal Officer on or before the return due date, and captures particulars of the fund, income, exempt income, unit-holder details, and the working of income attributable to non-resident holders. The guidance note also describes the supporting documents and the simplified filing updates, including IFSCA registration, mandatory document upload, and verification in place of declaration.
March 28, 2026
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Exempt income statement filing for specified funds requires verified online submission within the prescribed due date.
Form 68 is the prescribed electronic statement for claiming exemption of income of specified funds under section 11 read with Schedule VI [Table: Sl. Nos. 1 to 4] of the Income-tax Act, 2025, in respect of income attributable to units held by a non-resident other than a permanent establishment of such non-resident in India. The form must be verified by the Principal Officer or Managing Trustee, filed only through the Income-tax e-filing portal, and furnished on or before the applicable due date. Valid filing requires mandatory PAN details, specified annexures, and satisfaction of the statutory eligibility conditions.

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Applications Are Open for ClimateLaunchpad, the World’s Largest Green Business Ideas Competition

March 5, 2026

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SINGAPORE, March 4, 2026/AgilityPR-AsiaNet/ -- ClimateLaunchpad , the world's largest green business ideas competition by Climate KIC , has opened applications for its 2026 edition. Since 2014, the programme has supported nearly 5,000 ideas across 97 countries. This year, it is expanding its presence in Asia with Singapore hosting both the regional final and Global Grand Final for the first time. The competition is therefore partnering with regional partners Better Earth Ventures and TPC Group. “Strengthening ClimateLaunchpad’s presence in Asia marks a profound new chapter for this programme and for the climate innovation movement more broadly. Asia is where so much of the world’s climate and nature future will be shaped, through business leadership, public-private partnerships and long term strategic thinking. We look forward to supporting this momentum with new business ideas and innovation ecosystem collaborations across more than a dozen countries. This expansion opens space for deeper cross-cultural connections and for first-time founders to turn sparks of imagination into solutions that serve both people and planet.” - Kirsten Dunlop, CEO of Climate KIC. What is ClimateLaunchpad and how to join? Since its launch in 2014, ClimateLaunchpad has become the most accessible pipeline for green innovation. The curriculum is designed to turn ideas on the back of a napkin into battle-proof businesses. Participants move through several stages: • An initial mini-course to refine the concept. • An intensive multi-day Boot Camp led by expert trainers. • Targeted coaching to perfect value propositions and investor pitches. • National and regional finals, where teams pitch to expert juries and gain wider visibility. • A place at the Global Grand Final, with prizes and access to a global climate network. In 2025, the programme received over 2,700 applications from 40 countries. The winning ventures gain prize money, investor connections, and access to a global cleantech network. Applications are now open for the 2026 edition of ClimateLaunchpad . Climate innovators, green venture builders, and entrepreneurs from around the world can apply here . Partnering with regional players This year, Climate KIC is partnering with Better Earth Ventures to host both ClimateLaunchpad Singapore and the Global Grand Final. Better Earth Ventures is a Singapore-based climate innovation platform supporting early-stage founders across Asia-Pacific. As the local delivery partner, they bring deep ecosystem relationships and hands-on experience running climate and agrifood innovation programmes, with a focus on turning promising ideas into scalable ventures. Their work is grounded in the belief that global change starts with local action, and that supporting entrepreneurs on the ground is key to building a resilient green economy. “We are proud to host ClimateLaunchpad’s Regional and Global Grand Final in Singapore and to convene an international group of climate entrepreneurs from more than 50 countries. Climate solutions are emerging from every corner of the world, and bringing them together creates the kind of cross-border exchange and collaboration this moment demands. Our focus is to ensure early-stage founders have the structure, ecosystem access and support needed to move from idea to credible impact.” - Rebecca Sharpe, Founder and CEO Better Earth Ventures At the same time, the competition is entering a new chapter with Singapore-based TPC (Tsao Pao Chee) bringing a perspective rooted in interconnectedness. TPC is a fourth-generation family business ecosystem committed to advancing the well-being economy, with activities spanning global logistics, impact investment, education, and philanthropy. This perspective recognises that climate, economy, culture and community do not operate separately. Addressing the climate crisis requires understanding how these systems overlap and designing solutions that reflect that reality. This systems perspective also informs the work of NO.17 Foundation, part of the TPC ecosystem, which focuses on aligning capital, collaboration, and execution so that climate innovation can move from promising ideas to scalable systems change. “Climate innovation is ultimately a human endeavour before it is a technological one. The most powerful solutions often emerge from people closest to the realities of climate change. Platforms like ClimateLaunchpad help connect these founders with the networks, capital, and collaboration needed to turn local insight into solutions that can scale globally.” - Luis Alvarado Martinez, CEO of No. 17 Foundation The partner network ClimateLaunchpad is supported by long-term partners like Bank of America and Irish Aid. Support from Bank of America strengthens the ecosystem from the earliest stages, giving visibility to solutions that can deliver real-world impact and reshape our economy. Meanwhile, Irish Aid empowers entrepreneurs in emerging markets, ensuring those on the front lines of climate change have the tools to build their own local solutions. Application open: Climate innovators, green venture builders, and entrepreneurs from around the world can apply here . About Climate KIC Climate KIC is Europe’s leading climate innovation agency and community, creating climate-resilient communities and fighting climate breakdown by mobilising systems change in countries, regions, cities, and businesses. Together with partners across the globe, Climate KIC orchestrates solutions and facilitates learning to bridge the gap between climate commitments and current reality, driving faster and more ambitious action. About Better Earth Ventures Better Earth Ventures is dedicated to accelerating the development and deployment of transformative technologies and initiatives that mitigate climate change and promote sustainable living. Located in Singapore, we serve as a pivotal gateway to Asia-Pacific, with a strong regional network of commercial partners, investors and mentors to help growth-stage businesses scale sustainably across borders. Through collaboration, mentorship, and strategic partnerships, we empower visionary entrepreneurs to drive tangible impact and pave the way for a resilient and thriving planet. About TPC (Tsao Pao Chee) TPC (Tsao Pao Chee) is a fourth-generation family business holding company headquartered in Singapore that is committed to empowering the well-being and happiness economy. TPC does this by supporting global connectivity and resilience through its supply chain and logistics activities, and well-being-focused activities aimed at fostering individual and collective growth. TPC’s purpose-led well-being business ecosystem comprises IMC Industrial, OCTAVE, and multiple non-profit organisations, including OCTAVE Institute, NO.17 Foundation and Restore Nature Foundation, operating in unity to add value to life, with corporate offices in the People’s Republic of China, Thailand, Indonesia, and Japan. Find out more about TPC (Tsao Pao Chee) at tsaopaochee.com and on LinkedIn. About NO.17 Foundation NO.17 Foundation is the nexus of capital, consciousness, and collaboration in the Well-being Era – the philanthropic heart of TPC (Tsao Pao Chee). Rooted in SDG 17: Partnerships for the Goals, NO.17 unites values-aligned funders, partners, and changemakers to catalyse systemic transformation. Through trust-based giving, regenerative coalitions, and strategic ecosystem building, we activate new forms of capital – financial, social, cultural, spiritual, institutional, ecological, and human – as a force for collective flourishing. Explore our movement to make philanthropy as a field of love for transformation at https://17foundation.org and on LinkedIn. About Bank of America Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). About Irish Aid Irish Aid is the Government of Ireland’s international development cooperation programme. It works in more than 80 countries to reduce poverty, hunger and humanitarian need, often focusing on climate action, gender equality and strengthening governance. gov.ie As part of Ireland’s foreign policy, Irish Aid supports inclusive development, helps communities adapt to climate change, and backs early-stage innovation in underserved regions. Its approach emphasises giving a voice, platform and opportunity to entrepreneurs worldwide — especially in regions hardest hit by climate risks. (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI

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