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March 29, 2026
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E-commerce customs duty moratorium extension faces split views as members debate digital trade and revenue implications.
World Trade Organisation members are negotiating whether to extend the moratorium on customs duties on electronic transmissions, including digital downloads and streaming, as the current extension is due to expire. Members remain divided on the duration of any further extension, with some opposing renewal or preferring a short extension and others seeking a longer period. The issue is linked to ongoing concerns over the treatment of digital imports and the scope of the duty ban that has been periodically renewed since 1998.
March 29, 2026
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Misdeclared import consignment leads to seizure of hydroponic marijuana at airport and arrest of one person.
Customs authorities at Pune International Airport seized a consignment of hydroponic marijuana that had been declared as food items and packed in boxes labelled as "Mandarin orange sacs". The goods arrived from Bangkok, and inspection revealed sealed tin cans containing a vacuum-sealed pack of hydroponic marijuana. The entire consignment yielded 76.58 kg of the contraband, and one person was arrested in connection with the seizure.
March 29, 2026
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Trade agreement negotiations advance as India discusses Canada, UK, EU and New Zealand economic cooperation priorities.
India and Canada discussed expediting negotiations for a comprehensive economic partnership agreement, alongside cooperation in high-tech sectors, clean energy transition, nuclear energy, agriculture, and critical minerals. India and the United Kingdom reviewed implementation of the comprehensive economic and trade agreement, with both sides completing their respective approval processes and looking forward to its entry into force. India and the European Union reviewed progress on the recently concluded free trade agreement, while India and New Zealand discussed preparations for the prime minister's upcoming visit.
March 29, 2026
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Strait of Hormuz shipping disruption eases as Indian LPG tankers safely transit and support domestic fuel supply.
Safe transit of Indian-flagged LPG tankers through the Strait of Hormuz has been maintained despite conflict-related disruption to shipping in the region. The passage of additional carriers, together with earlier arrivals of LPG, crude oil and gasoline vessels, has helped support India's fuel supply chain at a time when the country depends heavily on imported LPG for domestic cooking gas demand. Continued maritime monitoring, coordination for vessels remaining in the western Persian Gulf, and repatriation of Indian seafarers have also been facilitated.
March 29, 2026
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Jet fuel taxation relief is being explored to ease airline operating costs amid West Asia conflict pressures.
Measures are being explored to reduce the impact of the West Asia conflict on airlines, including discussions with state governments on lowering taxes on jet fuel. Airlines are facing higher operating costs because of surging oil prices, airspace curbs, and longer flight routes, with aviation turbine fuel forming a substantial part of total expenses and value added tax on such fuel varying across states.
March 29, 2026
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Tea land transfer concerns prompt calls for clear guidelines, labour law harmonisation, and protection of industry liabilities.
Tea planters' body has sought clear guidelines before implementation of the amended law for transfer of housing line land to tea garden workers, citing administrative, financial and legal complications where land is mortgaged and labour quarters are company-built assets. It has also pointed to continuing management responsibility for housing and welfare amenities under labour law, urged full recognition of in-kind benefits for wage computation, requested release of pending subsidy payments, and called for policy support, market diversification, quality control, and a minimum sustainable price for made tea.
March 28, 2026
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National unity and aviation expansion drive highlighted as leaders urge restraint amid global crises and promote regional growth.
Prime Minister urged unity and restraint in responding to global crises, warning political parties against divisive remarks that may harm national interests. He linked the inauguration of Noida International Airport, its cargo terminal and MRO facility to a broader push for connectivity, regional growth and lower travel costs. The address also highlighted aviation expansion, the UDAN scheme, logistics development, transport infrastructure and self-reliance in the MRO sector.
March 28, 2026
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Aviation and infrastructure policy drive regional growth, affordable travel, domestic maintenance capacity and reduced import dependence.
Government policy on aviation, infrastructure and energy is presented as part of a broader strategy to advance economic development, improve citizen convenience and strengthen national resilience amid global disruption. The address emphasised safeguarding the interests of families and farmers, reducing costs and saving time, while maintaining calm and unity during external crises. It also highlighted the inauguration of Noida International Airport as a transport and logistics hub, the expansion of the UDAN scheme, development of domestic maintenance, repair and overhaul capacity, and ethanol blending as a measure to reduce crude oil imports and foreign exchange outgo.
March 28, 2026
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BFSI innovation platform brings together digital banking, cybersecurity, AI solutions, and regulatory dialogue for industry leaders.
IBEX India 2026 is presented as a dual-track BFSI platform combining a trade exhibition and a leadership conference to showcase and strategise innovation in banking and financial services. The exhibition brings together technology providers, fintech participants and BFSI solution specialists to present banking technologies, cybersecurity tools, AI-driven solutions, IT infrastructure services, KYC and onboarding solutions, surveillance systems and payment services intended to improve operational efficiency. The conference discusses digital transformation, cybersecurity resilience, the interaction between traditional banking and fintech, and the evolving regulatory landscape, including the growing role of AI.
March 28, 2026
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Trade transparency and WTO reform need capacity-building, not retaliation, to ensure fair compliance and multilateral balance.
Trade transparency under the WTO Technical Barriers to Trade framework requires members to share information on trade policies, subsidies and regulatory measures, but India has cautioned that transparency must not be weaponised to justify trade retaliation or challenge legitimate domestic policies. It stressed that disclosure obligations should be backed by sustained capacity-building support so all members, especially developing countries, can meet them fairly and effectively. India also supported time-bound WTO reform with milestones, robust evidentiary analysis and a member-driven consensus process.
March 28, 2026
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Panic buying and hoarding control take priority as Odisha urges supply stability amid the West Asia conflict.
Amid the West Asia conflict, the Odisha Chief Minister urged people to avoid panic buying and unnecessary purchasing so that supply chains remain stable and essential commodities continue to be available without disruption. The state government stated that accurate information would reach citizens and that hoarding and black marketing would be strictly prevented. He also welcomed the Central government's excise duty cut on petrol and diesel as a timely measure to shield consumers from rising global oil prices and support economic stability, energy security, and essential supplies.
March 28, 2026
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Customer-centric AI-led banking platforms drive Nucleus Software's long-term digital transformation strategy and global expansion.
Nucleus Software marked 30 years of listing on the Bombay Stock Exchange, describing the milestone as evidence of strong governance, disciplined execution and sustained value creation. The company said its growth has been driven by customer-centricity and domain-led innovation, with digital lending and transaction banking platforms supporting financial institutions across multiple countries. It stated that FinnOne Neo and FinnAxia are designed to improve operations through scalable, cloud-ready and API-driven architecture, with AI-led capabilities central to its strategy.
March 28, 2026
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Insolvency resolution process abuse allegations prompt refusal of interim protection and no-coercive-step relief in a fraud-linked FIR challenge.
Interim protection was declined in a fraud-linked FIR arising from a corporate insolvency process, as the investigation was at a nascent stage and the court was not inclined to stay the probe without hearing both sides. The request for a no-coercive-step order was also refused, while the investigating agency was directed to file a status report. The FIR concerns allegations of manipulation of the resolution process, acquisition of valuable land at a fraction of its market value, and structured financial flows through related entities.
March 28, 2026
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Pass-through income reporting through Form 75 requires timely furnishing by venture capital funds and companies.
Form 75 is the statement of income paid or credited by a Venture Capital Company or Venture Capital Fund to a person liable to tax under section 222. It is a child form of Form 74, not filed separately, and is automatically generated from Form 74 data through the e-filing portal with no separate documents or attachments. The form must be furnished to each investor by 30 June of the following financial year and is a mandatory compliance requirement.
March 28, 2026
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Pass-through taxation for venture capital income requires annual reporting through Form 74 with investor-wise income details.
Form 74 is the annual statement required from a Venture Capital Company or Venture Capital Fund registered with SEBI when income is paid or credited to investors from investments in Venture Capital Undertakings. The form records fund details, compliance declarations, income classification, proportions of income heads, and investor-wise particulars. It is filed electronically under digital signature by 15 June of the following financial year, after verification by a qualified accountant, and is supported by the SEBI registration certificate, fund deed where applicable, audited accounts, and certified income distribution records.
March 28, 2026
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Government dated securities issuance calendar sets auctions, retail bidding reservation, greenshoe flexibility, and monthly switch buybacks.
Indicative issuance calendar for Government of India dated securities, including Sovereign Green Bonds, is released for the first half of the fiscal year 2026-27. The auctions include a non-competitive bidding facility reserving five per cent of the notified amount for specified retail investors, and the Government of India may modify the calendar, issue different types of instruments, exercise the greenshoe option, and conduct switch or buyback auctions subject to the applicable general notification.
March 28, 2026
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Government borrowing plan finalised with dated securities, green bonds, treasury bills and liquidity support arrangements.
Government borrowing for the first half of FY 2026-27 has been finalised in consultation with the Reserve Bank of India, through dated securities, sovereign green bonds and treasury bills. The plan distributes borrowing across weekly auctions and multiple maturities, provides for switching and buyback of securities to smoothen the redemption profile, reserves a greenshoe option, and sets the Ways and Mean Advances limit to address temporary mismatches in government accounts.
March 28, 2026
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Treasury bill issuance calendar fixes quarterly auction schedule and preserves flexibility to adjust timing and amounts as needed.
Treasury bill issuance calendar for the quarter ending June 2026 fixes the proposed auction and issue schedule for 91-day, 182-day and 364-day Treasury Bills through weekly auctions in April, May and June 2026. The Government of India, in consultation with the Reserve Bank of India, retains flexibility to modify the indicated auction amounts and timing depending on requirements, evolving market conditions and other relevant factors, after due notice to the market. The calendar is subject to change where circumstances so warrant, and auctions remain subject to the governing notification and its amendments.
March 28, 2026
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Insurance for All by 2047 drives Oriental Insurance growth, with premium milestone and expanded risk protection offerings.
Oriental Insurance Company Limited has crossed a gross premium milestone for FY 2025-2026, reflecting growing trust in public sector insurance institutions and alignment with the Government's objective of expanding financial inclusion under the vision of Insurance for All by 2047. Growth is attributed to strong contributions from Group Personal Accident, Health, Fire and Motor insurance portfolios, together with innovative offerings and planned new products addressing evolving risk needs.
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.

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Customs & Trade

Guangdong aims to shoulder greater responsibilities at the beginning of the 15th Five-Year Plan period

March 9, 2026

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GUANGZHOU, China, March 9, 2026 /PRNewswire/ -- On the afternoon of March 6, 2026, the Guangdong provincial delegation held an open meeting during the Fourth Session of the 14th National People's Congress in Beijing. The event drew 277 journalists from 111 media outlets, including 61 foreign organizations. Reporters asked questions actively; delegates answering included Huang Kunming, Secretary of the CPC Guangdong Committee, and Meng Fanli, Governor of Guangdong. The meeting was chaired by Huang Chuping, Chairman of the Standing Committee of the Guangdong Provincial People's Congress. The plenary meeting of Guangdong delegation A Xinhua News Agency reporter noted that during his inspection of Guangdong in November 2025, Chinese President Xi Jinping gave guidance for the province's scientific planning for the 15th Five-Year Plan period, encouraging Guangdong to take the national lead, set an example for the country, and shoulder greater responsibilities. The reporter asked about Guangdong's implementation plans. Huang Kunming outlined the province's vision and key priorities for the year in four areas: "strengthening the two cornerstones of industry and technology," "advancing reform and opening up while adhering to the mass line," "expanding into county-level areas and the maritime domain," and "energizing the two main drivers of enterprises and talent." Huang Kunming said Guangdong has vigorously promoted the mutual reinforcement of industry and technology in recent years, leading to the province's top ranking in regional innovation capability for nine consecutive years. The nine mainland cities in the Guangdong‑Hong Kong‑Macao Greater Bay Area saw foreign trade imports and exports rise 4.4% despite headwinds, and actual use of foreign capital increase 11.3%. 'Guangdong‑made products' perform strongly across China and overseas, injecting momentum into the province's high‑quality development. As Guangdong begins the crucial stage of the 15th Five‑Year Plan period, it aims to cultivate more industrial clusters worth hundreds of billions or trillions of yuan in emerging fields such as 6G, the low‑altitude economy, embodied artificial intelligence, and quantum technology. Huang Kunming extended a warm invitation to media professionals to visit Guangdong, explore its strengths, enjoy its cuisine, and experience the charm of the Lingnan region. Huang Kunming proactively invited journalists from Macau to ask questions. A reporter from Macau Global Chinese Business News asked what message he had for the Macau press. Huang Kunming said that after years of close collaboration with Macau, both the "hardware and software" foundations have become increasingly mature. Guangdong offers numerous advantages, significant opportunities, and broad space for growth. He welcomed insightful people from all sectors in Macau—especially young people—to come to Hengqin to start or expand businesses or to work. Responding to a question from a China Media Group reporter, Governor Meng Fanli noted that Guangdong has the largest manufacturing sector in China. During the 15th Five‑Year Plan period, Guangdong will prioritize accelerating high‑quality development of the service sector as a key task in advancing industrial and economic upgrading. The focus will be on "advancing six key dimensions and fostering a robust industrial ecosystem." The six dimensions are integration, high‑end advancement, digital intelligence, green development, internationalization, and diversification. At the same time, the province will cultivate an industrial ecosystem that supports healthy, rapid growth in services, increase investment in service industries, and build world‑class industrial parks alongside diverse online and offline platforms and carriers. At the 1.5‑hour interactive session, journalists repeatedly raised questions on hot topics about Guangdong's development. Delegates responded directly and candidly, sharing their experiences in office and outlining future plans, conveying determination and confidence in advancing during the 15th Five‑Year Plan from multiple perspectives. Photo: https://mma.prnewswire.com/media/2928941/Guangdong_Province_meeting.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2928992/Guangdong_Province_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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