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    Government Boosts Credit Flow to Agriculture Sector through Targeted Policy Measures
    Government takes Measures to Increase Enrolment and Ensure Timely Disbursement of Benefits under PMJJBY
    EASE 8.0 Reform Agenda Advances Transformation of Public Sector Banks
    Govt seeks Parliament nod for net additional expenditure of Rs 2.01 lakh cr in FY26
    Digitalisation for Inclusive Finance and Sustainability: Priorities for the Next Phase - Valedictory Address by Shri Swaminathan J, Deputy Governor, R...
    Bajaj Finance Makes Smart Borrowing Accessible with Personalised Loan Solutions and Attractive Interest Rates
    Bribe means acquiring proceeds of crime, says Bombay HC; refuses relief to ex-civic official
    Govt eases FDI norms for China, other countries sharing land border with India: Sources
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    Seeking stakeholders' input on the proposed Income-tax Rules and related Forms relating to the Income Tax Act, 2025
    Income tax Department carries out nation-wide verification exercise on Restaurants suppressing turnover
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    Union Minister of Commerce & Industry Shri Piyush Goyal calls for stronger collaboration to position India as global leader in agricultural and proces...
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    CreditAccess Grameen Advances Inclusive Growth With USD 75 Million Syndicated Social Loan Facility
    Looking to help exporters at insurance front to deal West Asia crisis: Goyal
    AAHAR 2026 – 40th Edition: Strengthening India’s role in the global food economy through a structured B2B platform
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March 10, 2026
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Agricultural credit access expanded through collateral free limits, Kisan Credit Card coverage, and interest subvention measures.
Policy measures expand institutional agricultural credit by setting Ground Level Credit targets derived from district Potential Linked Credit Plans, enforcing Priority Sector Lending allocations with a Small and Marginal Farmers sub target and district incentives, extending Kisan Credit Card coverage to allied activities, providing interest subvention with a prompt repayment incentive, increasing the collateral free loan limit for short term agricultural credit, and mobilising rural infrastructure funding and institutional support to improve liquidity and credit absorption in low disbursement districts.
March 10, 2026
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Pradhan Mantri Jeevan Jyoti Bima Yojana enrollment drives boost coverage and digitise timely claim disbursement via Jansuraksha portal.
PMJJBY maintains broad coverage with 26.7 crore beneficiaries, about 12.55 crore active policies and a 99.95% cumulative claim settlement ratio; insurer settlement times range from 0.61 to 17 days. Administrative measures include annual action plans to reduce lapses, grassroots enrolment drives including a national Financial Inclusion Saturation Campaign, mobilisation of around 16 lakh Banking Correspondents for last mile enrolment, and the Jansuraksha Portal for end to end digital enrolment and claim remittance with multilingual information and onboarded banks and insurers.
March 10, 2026
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Public Sector Bank Reform advances digital lending, AI adoption, inclusive governance and strengthened risk resilience frameworks.
EASE 8.0 (EASERise) requires public sector banks to implement reforms across four themes-risk and resilience, innovation, socio economic impact and excellence-by adopting digital lending, Gen AI use cases, enhanced loan management capabilities (bureau analytics, account aggregator and GST integration), strengthened collections and recovery platforms, anti fraud and AML safeguards, inclusive governance with Accessibility Cells and Divyangjans representation, and quarterly performance evaluation by an EASE Steering Committee to ensure operationalisation and accountability.
March 10, 2026
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Parliamentary approval for supplementary expenditure requested to cover additional subsidy and defence outlays, with offsets expected.
Parliamentary approval is sought for a supplementary demand for grants authorising net additional central government expenditure in the current financial year; the proposal differentiates gross additional spending and net cash outgo by accounting for enhanced receipts and recoveries, and identifies major incremental heads such as food and fertiliser subsidies and defence. The request is set against a reduced Revised Estimate of total expenditure and reported year to date spending, with analysts noting that ministry expenditure savings and concentrated revenue outlays in February-March may largely offset the incremental demand and influence fiscal outcomes.
March 10, 2026
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Digital finance confidence architecture must secure resilience, accountability, data discipline and dignified inclusion for users.
Scaling trusted digital finance depends on a four-part confidence architecture: security and resilience via cybersecurity and business continuity; clear accountability and effective, time-bound grievance redress; strict data discipline with purpose limitation, minimal collection, secure storage and meaningful consent; and inclusion with dignity through accessible design for the least technologically comfortable users. Robust digital public infrastructure and interoperability require governance with clear standards, reliable uptime, auditable processes and proportionate safeguards.
March 10, 2026
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Unsecured personal loan access expanded with tailored rates and flexible tenures enabling faster digital disbursals for eligible borrowers.
Bajaj Finance provides unsecured personal loans via a fully digital process with rapid disbursal, offering amounts across a wide range and repayment tenures of 12-96 months. Interest rates are set according to income, employment category, CIBIL score, repayment history, and existing liabilities, targeting lower total borrowing costs for stronger credit profiles. The product requires no collateral or guarantor and is available to eligible Indian salaried and self employed residents who meet the lender's credit and underwriting criteria.
March 10, 2026
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Bribe as proceeds of crime: corrupt receipt plus asset recoveries can found a prima facie money laundering inquiry and investigation.
Taking a bribe constitutes acquisition of proceeds of crime under the PMLA; recoveries of unaccounted cash, jewellery and related incriminating material together with witness statements provided a prima facie foundation for the Enforcement Directorate to treat those assets as proceeds of crime, while the quantification of proceeds may vary as the investigation continues and investigators followed established procedural steps in pursuing the probe.
March 10, 2026
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FDI norms eased for countries sharing land borders, relaxing prior mandatory approval requirements for foreign investments.
The government amended Press Note 3 of 2020 to ease FDI rules for companies from countries sharing a land border with India by relaxing the prior requirement for mandatory government approval of investments by foreign companies with shareholders from those countries, thereby altering the investment screening and approval framework for such entrants.
March 10, 2026
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Insolvency law amendments advance to enable streamlined corporate resolution and corresponding Companies Act changes approved by Cabinet.
The Union Cabinet approved amendments to the Insolvency and Bankruptcy Code and the Companies Act, advancing legislative changes to corporate insolvency and company regulation; these approvals follow a previously introduced amendment Bill that was referred to a select committee and a government intention to introduce an IBC amendment bill in the current parliamentary session.
March 10, 2026
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Disclosure of foreign assets: taxpayers notified to review and amend returns to correctly report foreign assets and income.
Using CRS and FATCA information, the revenue authority will issue SMS and email notices to taxpayers identified as having undisclosed foreign financial assets or foreign-source income, advising them to review and revise their ITRs to correctly complete Schedule FA and Schedule FSI within a prescribed timeframe to avoid penal consequences.
March 10, 2026
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Voluntary return revision: taxpayers urged to correct ineligible deduction or exemption claims identified through risk analytics and nudges.
The initiative invites taxpayers to voluntarily review and, if necessary, revise ITRs where deductions or exemptions appear potentially ineligible based on risk analytics, including suspected bogus donations, incorrect or invalid donee PANs, and errors in deduction extent; communications are sent via SMS/email under a Non intrusive Usage of Data to Guide and Enable (NUDGE) campaign to facilitate transparent, non-intrusive guidance, and taxpayers may revise returns within the prescribed period or later as permitted by law subject to additional tax liability.
March 10, 2026
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Stakeholder consultation on proposed Income tax Rules invites inputs via e filing portal, focused on simplification and compliance reduction.
Consultation is invited on the proposed Income tax Rules and related Forms implementing the Income tax Act, 2025, via a utility on the e filing portal. Stakeholders must submit inputs after OTP validation, specifying the exact rule, sub rule or Form number. Inputs are solicited under four categories: Simplification of Language; Reduction of Litigation; Reduction of Compliance Burden; and Identification of Redundant/Obsolete Rules and Forms, to be compiled and considered before final notification.
March 10, 2026
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Tax compliance verification using AI uncovers restaurant under reporting; taxpayers urged to file updated returns under Section 139(8A).
AI enabled transactional analytics compared point of sale data from restaurants with declared income and found deletion and modification of bills and exclusion of transactions leading to under reported sales. Preliminary surveys corroborated suppression and prompted targeted investigations. The Department combined targeted enforcement with a guidance campaign, SAKSHAM NUDGE, inviting identified taxpayers to file updated returns under Section 139(8A) and encouraging voluntary correction of returns.
March 10, 2026
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Dividend taxation restructured with preferential treatment for substantial holdings and altered withholding for other shareholders.
The Amending Protocol reallocates taxing rights on capital gains from sale of company shares to the jurisdiction of the company's residence, removes the Most Favoured Nation clause, introduces a split dividend withholding regime that differentiates substantial holders from other shareholders, aligns the definition of Fees for Technical Services with the India-US model, and expands Permanent Establishment to include a Service PE; it also enhances Exchange of Information, adds Assistance in Collection of Taxes, and incorporates applicable BEPS MLI provisions, subject to each Party's internal procedures for entry into effect.
March 10, 2026
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Free trade agreements expand preferential market access while protecting sensitive agricultural sectors and supporting export competitiveness.
India seeks to expand agricultural and processed food exports through recently concluded FTAs that grant preferential market access while explicitly protecting sensitive domestic sectors such as dairy and GM products and shielding key staples from import exposure. Complementary measures include promoting the Agriculture Infrastructure Fund for food processing and value addition, and providing exporter support via the Export Promotion Mission and DGFT to integrate Indian firms into global value chains.
March 10, 2026
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Trade tariff rollback boosts Chinese export resilience despite weaker US demand and geopolitical energy risks.
China's exports rose sharply in January-February driven by semiconductors, autos and electronics, with broader regional demand offsetting reduced shipments to the United States. A recent judicial ruling lowered US tariffs and, together with a potential extension of the October trade truce, has eased import barriers that supported export growth. Risks to export competitiveness include a slowing domestic economy, property-sector weakness and geopolitical energy disruptions that could curb global demand.
March 10, 2026
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External commercial borrowing qualifies under automatic route, structured as a syndicated social loan supporting eligible social projects.
A syndicated facility classified as an External Commercial Borrowing under the automatic route has been arranged to qualify as a social loan. Proceeds will be deployed under the borrower's Social Loan Framework aligned with the Social Loan Principles 2023, supported by a second-party opinion. The financing is intended to fund eligible social projects, enhance liquidity and asset-liability management, and diversify the borrower's foreign funding sources while imposing use-of-proceeds and governance conditions consistent with social loan practices.
March 10, 2026
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Insurance support for exporters to address shipping and insurance disruptions amid West Asia crisis, government seeks coordinated measures.
The government has issued Customs norms for export cargo returning to Indian ports and is developing insurance support schemes, consulting the Export Credit Guarantee Corporation and other departments to assist exporters whose goods have been shipped but face logistical and insurance problems, while an inter-ministerial group monitors developments and engages regularly with exporters.
March 10, 2026
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B2B platform expands India's food export access by linking producers, processors and MSMEs to global buyers and technology partners.
AAHAR 2026 operates as a structured B2B platform to convert India's agricultural and processing scale into global market access by enabling commercial matchmaking, export partnerships, technology transfer and investment linkages. The exhibition prioritises business outcomes-especially for MSMEs-through dedicated pavilions and buyer-seller interactions that translate government support and technological solutions into export orders, value addition and integration into international supply chains while emphasising sustainability across the food value chain.
March 10, 2026
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IP approval speed and transparency urged to position India's IP regime among global leaders with greater access for startups and women.
India aims to make its intellectual property approval system globally competitive by enhancing speed, transparency and efficiency through recruitment, technology upgrades and backlog reduction; it proposes fast track mechanisms and substantial fee concessions to improve access for startups, women entrepreneurs and micro and small enterprises while strengthening the broader innovation ecosystem via school innovation labs, incubation models and stakeholder engagement.

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Customs, DGFT & SEZ

DGFT Extends Export Obligation Period for Advance Authorisations and EPCG Authorisations till August 31, 2026

March 9, 2026

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In view of the prevailing geopolitical developments impacting global shipping routes, logistics corridors and international supply chains, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has announced a facilitation measure for exporters by extending the Export Obligation (EO) period for certain export promotion schemes.

Through Public Notice No. 51/2025-206 issued on March 06, 2026, DGFT has provided for automatic extension of the Export Obligation (EO) period or Block-wise EO fulfillment period up to August 31, 2026, for specified Advance Authorisations and Export Promotion Capital Goods (EPCG) Authorisations where the EO period is expiring between March 01, 2026, and May 31, 2026.

The extension shall be granted automatically, and exporters will not be required to submit any separate application or pay any composition fee to avail the benefit. This measure has been introduced to provide additional operational flexibility to exporters facing disruptions arising from current geopolitical developments affecting global trade and logistics.

The relaxation applies to Advance Authorisations, including Advance Authorisation for Annual Requirement and Special Advance Authorisation, as well as EPCG Authorisations. The extension granted under the Public Notice will be in addition to the existing provisions under the Foreign Trade Policy (FTP) and Handbook of Procedures (HBP), which allow exporters to seek EO period extensions upon payment of prescribed composition fees.

The Regional Authorities of DGFT will verify compliance with the Export Obligation requirements at the time of issuance of the Export Obligation Discharge Certificate (EODC), closure, or regularisation of the authorisation.

Customs authorities have also been duly informed through the Public Notice to permit exports in accordance with the revised EO timelines.

This step reflects the Government’s continued commitment to supporting exporters and ensuring that temporary global disruptions do not adversely impact India’s export performance or compliance obligations under export promotion schemes.

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Acts Income Tax