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    Punjab Governor highlights Aadhaar as key to transparent service delivery
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March 24, 2026
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Aadhaar-based service delivery strengthens transparency, direct welfare transfer, and beneficiary targeting across public administration.
Aadhaar is highlighted as a governance instrument for transparent and efficient service delivery, linking citizens to bank accounts and enabling Direct Benefit Transfer so subsidies and financial assistance reach eligible beneficiaries directly. It is described as reducing fraud, eliminating ghost beneficiaries, and improving access to welfare schemes and government services across rural and underserved sections. The text also notes Aadhaar's use in birth registration, healthcare, health insurance claims, property-related matters, agricultural grain procurement, pension distribution, and food security implementation.
March 24, 2026
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Platform fee increases in food delivery reflect higher operating costs, GST inclusion, and rising delivery expenses.
Food delivery platforms increased the platform fee charged to users on a per-order basis, with the revised charge stated to be inclusive of GST. The fee is a fixed amount added to delivery and restaurant charges and is linked to operating costs, technology maintenance, and customer support. The increase comes alongside comparable revisions by competing services and against the backdrop of rising fuel costs affecting delivery operations.
March 24, 2026
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Accounting outsourcing services for SMEs expand compliance support across GST, payroll, income tax filing, and financial reporting.
Accounting outsourcing services for SMEs combine bookkeeping, GST compliance, income tax filing, payroll management, accounts payable and receivable support, and financial advisory under a single engagement model. The service package addresses rising demand from small and medium-sized enterprises seeking assistance with GST filing cycles, payroll compliance, audit preparation, and maintenance of accurate financial records while managing business operations. The offering includes monthly reconciliation and financial reporting, GST return filing, input tax credit reconciliation, ITR filing, payroll processing with PF/ESI compliance and TDS on salaries, vendor and debtor tracking, and budgeting and cash flow planning.
March 24, 2026
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Zero Coupon Bonds compliance certificate must be filed electronically each tax year by eligible issuers.
Form No. 3 is the prescribed accountant's certificate under rule 7 for certifying utilisation of funds raised through notified Zero Coupon Bonds. It is mandatory for each relevant tax year and applies to every issuer of a notified Zero Coupon Bond, including infrastructure capital companies, infrastructure capital funds, infrastructure debt funds, and public sector companies. The certificate must be filed electronically within two months from the end of the relevant tax year and is year-specific, with revision permitted only if the system enables it.
March 24, 2026
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Zero-coupon bond notification under Rule 7 requires strict filing, investment, rating and listing compliance before tax recognition.
Form 2 is the prescribed application under Rule 7 for infrastructure capital companies, infrastructure capital funds, infrastructure debt funds and public sector companies seeking notification of a proposed zero-coupon bond. Notification is a mandatory pre-condition for the bond to qualify as a zero-coupon bond and to obtain the special tax treatment of discount. The form collects applicant, bond and investment details so the Central Government can verify tenure, credit rating, listing, investment commitments and reporting undertakings.
March 24, 2026
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Turmeric export disruption hits Marathwada trade as conflict halts shipments and weakens domestic prices.
The conflict involving the US, Israel and Iran has disrupted turmeric exports from Maharashtra's Marathwada region, with shipments to Gulf and African markets reported to have stopped completely. The trade interruption has affected turmeric grown across the region's turmeric belts, including Hingoli, Nanded, Wardha, Parbhani, Yavatmal and Washim. The Vasmat variety from Hingoli received a Geographical Indication tag in 2024, and consignments from Hingoli and adjoining areas are shipped abroad after processing through Tamil Nadu and Kerala.
March 24, 2026
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AI-driven cooperative banking summit spotlights digital innovation, cybersecurity, regulatory compliance and sector-wide collaboration in urban cooperative banks.
The Bharat Cooperative Banking Summit & Awards 2026 is a three-day forum for urban cooperative banks focused on AI-driven cooperative banking, digital innovation, cybersecurity, regulatory technology, operational resilience and regulatory compliance. It brings together senior leaders, policymakers, regulators, fintech partners and technology providers for collaboration, knowledge exchange and alignment with evolving digital and regulatory expectations. The awards segment recognises excellence in leadership, innovation, governance, financial inclusion, digital transformation and service within the cooperative movement.
March 24, 2026
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Zero Coupon Bond notification requires mandatory advance filing of Form No. 2 with prescribed details and supporting documents.
Form No. 2 is the prescribed electronic application under rule 7 of the Income-tax Rules for notification of a Zero Coupon Bond under section 2(112) of the Act. Filing is mandatory before issue, must be made at least three months in advance, and is issue-specific. It is to be filed by an infrastructure capital company, infrastructure capital fund, infrastructure debt fund, or public sector company with the required details and supporting annexures.
March 24, 2026
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Client code modification reporting requires monthly online filing by stock exchanges for cash and derivative transactions.
A monthly statement is required from stock exchanges reporting modified client code transactions in cash and derivative market transactions. The form must be filed online by all stock exchanges through the income tax e-filing portal, and its smart-form format captures basic exchange details. The format also incorporates commodity derivative details previously associated with Form 3BC, which has been rendered redundant, while no other changes are made to the Cash Market and Derivative Market tables.
March 24, 2026
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Stock exchange reporting rules require monthly filing of client code modification statements through the e-filing portal.
Form No. 1 is a mandatory monthly statement to be furnished by a stock exchange for transactions in which client codes have been modified after registration in the system. It applies to both cash and derivative markets, must be filed within 15 days from the end of each relevant month, and is submitted only online through the Income Tax e-Filing portal. Once filed and acknowledged, it cannot be edited, and submission requires a valid PAN.
March 24, 2026
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Tax Year transition and repeal savings preserve continuity while the Income-tax Act, 2025 simplifies compliance and reorganises filings.
The Income-tax Act, 2025 replaces the Income-tax Act, 1961 as a streamlined and modernised code, while preserving the underlying tax policy, continuity of pending matters, and the existing compliance architecture. The new Act substitutes the concept of Assessment Year with Tax Year, applies prospectively from 1 April 2026, and continues the old Act for tax years beginning before that date. Transitional provisions preserve rights, liabilities, pending proceedings, tax payments, return filing, reassessment, appeals, deductions, and losses under the repealed Act, while the new Act reorganises forms, withholding provisions, and compliance statements in simplified and consolidated form.
March 24, 2026
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Anticipatory banking drives India hub expansion for stronger engineering, data, and cloud support across digital banking platforms.
Expansion of a global capability center in India to strengthen engineering, data intelligence and cloud architecture support for a digital sales and service platform used by financial institutions. The India hub is intended to deepen technical capacity for platform development, security, scalability and reliable digital banking delivery, while supporting the company's move toward anticipatory banking through data-driven and AI-enabled capabilities.
March 24, 2026
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Startup incubation and investor access drive Galgotias Investo Pitch 2026 with grants for early-stage ventures.
Galgotias University organised "Galgotias Investo Pitch 2026" to support innovation and entrepreneurship by connecting startups with investors, industry leaders, incubation stakeholders, and government representatives. The event focused on startup scaling, venture capital access, business incubation, mentorship, market entry, and the use of artificial intelligence for scalable and cost-effective business growth. The University also announced an endowment grant for twelve early-stage startups as part of its continued support for the startup ecosystem.
March 24, 2026
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Bancassurance partnership drives digital-first insurance access, streamlined underwriting, and broader financial inclusion across underserved markets.
Strategic bancassurance partnership between Axis Max Life Insurance Limited and YES BANK has been reaffirmed as a long-running distribution alliance focused on digital-first delivery and hyper-personalized protection solutions. The collaboration combines the insurer's protection expertise with the bank's branch network and digital infrastructure to deliver insurance through streamlined customer journeys, including video consultations and agile underwriting, across protection, savings, education planning, retirement planning and wealth creation needs. The partnership is also directed toward expanding insurance access in underserved markets and supporting the objective of "Insurance for All by 2047".
March 24, 2026
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LNG supply disruption and force majeure risk could keep global gas prices elevated for years.
Damage to Qatar's Ras Laffan liquefied natural gas terminal has disrupted a major part of the country's LNG export capacity and may trigger force majeure on long-term supply contracts. The facility is complex, costly to repair, and likely to require a prolonged shutdown and staged restoration because LNG plants must be warmed and cooled slowly. The supply shortfall is likely to keep global LNG prices elevated and may shift some markets toward coal.
March 23, 2026
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RoDTEP benefits restored for exporters as West Asia crisis raises freight costs and disrupts maritime trade.
Restoration of RoDTEP benefits was announced for eligible export products from February 23, 2026 to March 31, 2026, with the rates and value caps applicable on February 22, 2026 restored in full. The measure responds to the West Asia crisis and the resulting disruption to global trade, including higher freight costs, rising insurance premiums, and maritime logistics challenges affecting export consignments moving to or through the region.
March 23, 2026
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Conflict of interest framework strengthens disclosure, recusal, and investment restrictions for top market regulator officials.
Sebi approved a conflict of interest and disclosure framework for its top officials, bringing the Chairman and Whole Time Members within the definition of insider and requiring disclosure of assets, liabilities, and immovable property in specified formats. The framework also provides for ethics infrastructure, a digital conflict-management system, a whistleblower mechanism, recusal procedures, and uniform restrictions on investments and trading in equity and equity-related instruments for senior officials.
March 23, 2026
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CAPF recruitment and promotion law draws opposition objections as discussion time is allotted in the Rajya Sabha.
The Business Advisory Committee of the Rajya Sabha allotted eight hours for discussion on the proposed Central Armed Police Forces (General Administration) Bill, 2026, while the Bill was not taken up in the House on the reported day. The proposed umbrella legislation is intended to regulate the recruitment, deputation and promotion of CAPF officers, and several opposition parties objected to its introduction and sought fuller scrutiny of such legislation.
March 23, 2026
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Corporate compliance reform proposals expand CSR flexibility, decriminalise procedural defaults, and streamline mergers and governance.
Proposed amendments to the Companies Act and LLP Act seek to promote ease of doing business, reduce compliance burden, and decriminalise procedural defaults by replacing criminal provisions with civil penalties. The bill also proposes streamlined mergers and amalgamations, hybrid-mode meetings, flexibility in share buy-backs, simplified closure and voluntary exit, and easier compliance for small companies, startups, producer companies, and certain LLPs.
March 23, 2026
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PMLA extradition proceedings advance in Torres jewellery fraud case involving alleged hawala routing and USDT conversion.
Extradition proceedings were initiated under the PMLA against an absconding Ukrainian accused in the Torres jewellery fraud investigation after the Enforcement Directorate approached the special PMLA court for compilation and attestation of papers to prepare a dossier for transmission to foreign authorities. The case concerns allegations that customers were cheated through Platinum Hern Private Limited, operating as Torres Jewellery, by collecting cash in exchange for Moissanite diamonds and other jewellery, with the receipts allegedly routed through hawala operators and converted into USDT cryptocurrency in a money-laundering investigation.

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Design to Play Key Role in India’s Decisive Decade of Development: Union Minister of Commerce & Industry Shri Piyush Goyal

March 10, 2026

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Integrating India’s Cultural Diversity with Contemporary Design Can Create Unique Global Products: Shri Piyush Goyal

Shri Piyush Goyal Suggests Five-Point Roadmap to Promote Design Innovation, AI Labs and Industry Collaboration

Union Minister of Commerce & Industry Shri Piyush Goyal today said that India is entering a decisive decade of development and emphasised that design must be treated not merely as a cosmetic enhancement but as a strategic national capability that connects technology with people and translates ideas into impactful systems, products and experiences.

Addressing the Post Budget Webinar 2026 on the New National Institute of Design in New Delhi today, the Minister said that India’s demographic dividend, with an average age of about 28 and a half years, along with the technological strength provided by nearly 2.3 million STEM graduates every year, is emerging as a force multiplier for the Indian economy. He said these strengths will help take India’s growth story to the remotest parts of the country and expand India’s engagement with the rest of the world. He added that the vision of building a developed nation, Viksit Bharat by 2047, will be realised when design is integrated as a core national capability.

Shri Goyal highlighted that India’s greatest strength lies in its diversity. Every few kilometres, he noted, the country’s culture, food, textiles, languages and dialects change, and this rich heritage represents India’s greatest design capital. By integrating this diversity into contemporary design, he said, India can create products and experiences that are unique and difficult for the world to replicate.

Referring to the National Institute of Design, the Minister said that over the last decade it has transformed from a single premier institution into a national network and an Institution of National Importance. He said the institute has moved beyond aesthetic design to solving technical and social challenges and has strengthened its reputation as a leading design school.

Highlighting the provisions in this year’s Budget, Shri Goyal said that the Government has announced the establishment of a new National Institute of Design in the eastern part of India. He noted that while the design industry in the country is expanding rapidly, there is still a shortage of trained Indian designers who can meet the needs of the growing economy and contribute to the global design discourse. The new institute, he said, reflects the Government’s commitment to bridge this gap and democratise access to world-class design education.

The Minister observed that the eastern region of India is a powerhouse of culture, crafts, textiles and industry. However, due to the absence of a strong design ecosystem in the past, the region’s full potential could not be realised. He said the new NID will connect traditional craft clusters, MSMEs and emerging industries with cutting-edge design education. It will also support artisans in moving up the value chain and help MSMEs diversify their products.

Shri Goyal emphasised that the vision for design education goes beyond the establishment of a single campus. He said Indian culture and civilisational knowledge must be placed at the heart of design education rather than being treated as an optional component. He noted that design plays a critical role in the vision of Atmanirbhar Bharat and in building a strong Brand India recognised globally for quality, innovation, new products and new technologies.

Referring to the changing global technological landscape shaped by artificial intelligence, immersive media and robotics, the Minister said that technology without thoughtful design could deepen inequality and reduce usability. He stressed the need for a collective effort to prepare the Indian mindset to adopt new technologies and use them for the benefit of 1.4 billion citizens while creating a better future for the country’s youth.

Addressing young designers and students, Shri Goyal said that they are not merely preparing for careers but are contributing to nation building. He added that the choices designers make in products, services and digital interfaces will shape how India is experienced by its own people.

The Minister also proposed a five-point agenda to translate the vision for design into action.

First, he suggested positioning the National Institutes of Design as knowledge hubs for Indian design and using each of these campuses to promote the importance of innovative design among people in different regions across the country.

Second, he emphasised the need to deepen industry, particularly MSME, and academic linkages. He suggested the establishment of design clinics and the development of live cluster projects. He added that design must be made simple and accessible so that the common citizen, handicraft and handloom weavers, and traditional workers can engage with it and help define the India story.

Third, he proposed the creation of service and Brand India design labs to improve the citizen experience in governance, tourism and healthcare.

Fourth, he called for the establishment of joint artificial intelligence and frontier technology design labs in collaboration with technical institutes so that linkages between students and industry can be expanded.

Fifth, he emphasised that the new National Institute of Design in eastern India must be developed as a model campus that promotes public–private partnerships and also supports not-for-profit organisations working among artisans and the handicraft and handloom sectors.

Shri Goyal expressed confidence that discussions during the webinar would help produce a clear roadmap to make design a central pillar of India’s journey towards becoming a developed nation. He said the new National Institute of Design should emerge as a global symbol of innovation rooted in India’s rich traditions.

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