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March 10, 2026
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Share capital reduction validation upheld as an expert valuation and statutory procedure governs minority buyouts.
The dispute concerned cancellation of minority shareholdings via statutory share capital reduction and whether the valuation met Companies Act requirements. The Court held that share valuation is an expert exercise and evaluated compliance with statutory procedure and notice obligations, noting the NCLT's price adjustment and concluding the company followed prescribed steps for the capital reduction.
March 10, 2026
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Beneficial ownership threshold from land-border countries eased, permitting limited non-controlling stakes under the automatic route with reporting.
The amendment permits non controlling investors from land border countries to invest under the automatic route where their beneficial ownership at the investor entity level does not exceed a defined threshold, while retaining sectoral caps, entry routes and attendant conditions. Such investments must be reported to the DPIIT. An expedited 60 day processing track is established for specified manufacturing sectors, conditional on majority shareholding and control of the investee remaining with resident Indian citizens or resident Indian entities owned and controlled by resident Indian citizens.
March 10, 2026
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LPG supply prioritisation: committee to allocate commercial gas based on genuine need, availability and essential service priority.
The government has prioritised household LPG supplies and constituted a three member committee of Executive Directors of Oil Marketing Companies to review representations from hotels, restaurants and other commercial users and allocate commercial LPG based on genuine need, product availability and merits of each case. Measures include directing refineries to increase LPG output and extending the refill booking cycle to discourage hoarding, while essential non domestic sectors will receive prioritised non domestic supplies subject to import constraints and production capacity.
March 10, 2026
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Cabinet approval of multitracking projects expands rail capacity and improves regional connectivity and logistics efficiency.
Cabinet approval authorises two multitracking projects (Sainthia-Pakur fourth line and Santragachi-Kharagpur fourth line) under the PM Gati Shakti framework to add about 192 km to the rail network across five districts in West Bengal and Jharkhand, increase line capacity to ease congestion, improve passenger and freight service reliability, and enhance multimodal connectivity, regional access, and environmental and logistical efficiencies.
March 10, 2026
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Trade and Economic Partnership Agreement opens high income markets and investment pathways, enabling technology transfer and jobs.
The Trade and Economic Partnership Agreement between India and EFTA implements preferential market access and capability building measures, with EFTA commitments covering 92.2% of tariff lines and India covering 82.7%, while protecting sensitive sectors. TEPA couples tariff concessions for key Indian export sectors with improved access to specialised inputs and machinery from EFTA, includes an investment facilitation element linked to industrial and technology collaboration, and provides frameworks for services cooperation and Mutual Recognition Agreements to support mobility of professionals.
March 10, 2026
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Independent Director preparedness enables senior defence officers to transition to corporate boards and meet evolving ESG and disclosure expectations.
A two-week certification program prepares senior and recently retired defence officers for service as Independent Directors by teaching the legal and regulatory framework of board responsibilities, fiduciary duties, and practical expectations of corporate boards and executive search firms. The program also addresses strengthening the Corporate Disclosure Framework, aligning domestic norms with global ESG Board Oversight standards, and advancing Trust-Based Regulation alongside Ease of Doing Business to facilitate transition into corporate board roles.
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.

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Customs, DGFT & SEZ

Union Minister of Commerce & Industry Shri Piyush Goyal Calls for Making India’s IP Approval System Among Top Five Globally in Speed, Transparency and Efficiency

March 10, 2026

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Shri Piyush Goyal Calls for Collective Efforts to Foster Innovation Culture; Highlights 50,000 New Innovation Labs in Schools

India Registers 215% Growth in Patent Filings in a Decade; GII Ranking Improves from 81 to 38: Shri Piyush Goyal

Government Recruiting Personnel to Accelerate IP Approvals; Shri Goyal Stresses Transparency and Integrity

Union Minister of Commerce and Industry Shri Piyush Goyal today called for making India’s Intellectual Property (IP) approval system among the top five in the world in terms of speed, transparency and efficiency, while emphasising the need to strengthen the country’s innovation ecosystem and encourage wider participation from innovators, startups, MSMEs, women and youth.

Addressing the National IP Awards & IP Conference in New Delhi today, Shri Goyal said that faster and more efficient disposal of applications related to trademarks, patents, copyrights, designs and Geographical Indications (GI) would help promote a strong culture of innovation and enable innovators to bring their ideas to market more quickly.

Congratulating the award winners for their outstanding achievements, the Minister said the awards recognise the valuable contributions of scientists, innovators, technocrats, MSMEs, entrepreneurs, agricultural institutes and IITs who are playing a key role in shaping India’s innovation-driven growth. He said the awardees represent the spirit of New India—an India that embraces technology and seeks to remain at the cutting edge of global innovation.

Shri Goyal said that recognising such achievements sends a powerful message to the wider IP ecosystem to take up similar challenges and develop path-breaking ideas. He expressed confidence that the awards will encourage the winners to achieve even greater success in the future while inspiring others to aspire for similar recognition.

The Minister stressed the importance of nurturing curiosity, inquisitiveness and the spirit of inquiry among children from a young age. Encouraging young minds to explore new ideas and think beyond conventional boundaries, he said, is essential for building a culture of innovation.

Referring to the government’s initiative to establish 50,000 new innovation labs in schools, announced in the Union Budget, Shri Goyal said these initiatives are aimed at fostering creativity, experimentation and problem-solving among students.

He urged professionals, innovators and industry stakeholders to contribute to this effort by engaging with their schools and colleges as alumni, interacting with students through webinars or video conferences, and encouraging them to understand the value of innovation, entrepreneurship and problem-solving.

Referring to the recently celebrated International Women’s Day, the Minister highlighted the importance of integrating women more deeply into the innovation and IP ecosystem. He said that more women are entering the research field with science and technology as their focal areas, and emphasised that the participation of youth and women is critical in ensuring technological advancement and improving quality of life for citizens.

The Minister said India’s talent pool, strong skill base and large number of STEM graduates produced every year will significantly contribute to making the country’s innovation and intellectual property ecosystem among the best in the world.

Shri Goyal appreciated the efforts of the Controller General of Patents, Designs and Trade Marks (CGPDTM) for relentlessly working to bring global best practices to India’s IP ecosystem and aligning it with international standards, including learnings from developed economies and the World Intellectual Property Organization (WIPO). He noted that the office began its journey with several challenges including shortage of staff, outdated technology and a large backlog of applications, but significant efforts have been made to clear much of the backlog.

He said that while certain challenges still remain in some areas, the government is recruiting new talent, strengthening capacity and enhancing skills to deal with pending cases and improve efficiency.

Highlighting some of the award-winning institutions, Shri Goyal praised IIT Madras for its path-breaking work and its startup incubation hub, which he described as truly phenomenal. Recalling his visit to the facility, he said the incubation ecosystem created there could serve as a model for upgrading other incubation centres across the country, especially in Tier-2 and Tier-3 cities and remote regions including areas such as Sikkim and northern parts of India.

The Minister also noted the growing role of women in licensing of new designs and encouraged innovators to register new designs and traditional products under the Geographical Indications (GI) registry. Given India’s vast diversity and rich heritage, he said there is significant potential to increase GI registrations across the country.

Quoting Prime Minister Narendra Modi, Shri Goyal said that the rise in patent applications in India reflects the growing innovative zeal of the country’s youth, which is a very positive sign for the future. He said this growing enthusiasm among innovators is sending a strong message globally that India is emerging as a major centre of innovation and technology development.

Highlighting India’s progress in innovation indicators, Shri Goyal noted that the country has improved its position in the Global Innovation Index (GII) from 81st in 2015 to 38th currently. He also pointed out that patent filings in India have grown by nearly 215 percent in the last decade, with India’s global ranking improving from 14th to 6th.

Shri Goyal emphasised that innovation opportunities exist in everyday life and that identifying and solving such challenges requires an open mind and creative thinking.

Recalling the evolution of the national slogan “Jai Jawan, Jai Kisan”, later expanded by former Prime Minister Atal Bihari Vajpayee with “Jai Vigyan”, the Minister noted that Prime Minister Narendra Modi further added “Jai Anusandhan”, highlighting the central role of innovation and research in India’s development journey.

He said India enjoys several demographic advantages including a young population with an average age of under 30 years, a balanced gender ratio and increasing participation of women in the formal workforce across sectors.

Highlighting the remarkable rise in women-led innovation, Shri Goyal said patent filings by women have increased by 345 times over the past 12 years, demonstrating a transformational change in the innovation landscape.

The Minister said India is witnessing an IP revolution with tremendous opportunities for innovators. Echoing the Prime Minister’s vision, he emphasised that the path forward lies in “Innovate, Patent, Produce and Prosper.”

Reiterating the government’s commitment to supporting startups, women entrepreneurs and micro and small enterprises, Shri Goyal said the government has already reduced IP-related fees by about 50 to 80 percent. He suggested that an 80 percent fee reduction be extended for women entrepreneurs, startup innovators and micro and small enterprises for filings in order to make the system more affordable and accessible.

He also proposed exploring fast-track mechanisms to support these applicants and encourage greater participation in the IP ecosystem.

Speaking about India’s global economic engagement, Shri Goyal said the vision of Atmanirbhar Bharat (self-reliant India) does not mean closing doors to the world but strengthening international partnerships.

He noted that India has signed nine Free Trade Agreements (FTAs) in the last three and a half years, covering 38 prosperous and largely developed countries, giving India preferential market access to nearly two-thirds of global trade.

He urged innovators and entrepreneurs to take advantage of these opportunities by developing new products, services and export markets.

Shri Goyal assured stakeholders that the government is recruiting a large number of personnel to accelerate IP approvals and reiterated his goal of making India’s IP system among the top five globally in terms of clearance speed.

He emphasised that the system must remain transparent, fair and efficient, and encouraged stakeholders to raise concerns directly with the Chief Controller or the concerned department if they face any difficulties. He also urged citizens to report any irregular practices in government processes, assuring that the government is committed to maintaining high integrity and seamless interaction between innovators and government institutions.

Shri Goyal concluded with expressing confidence that the collective efforts of innovators, institutions and the government will help transform ideas into impactful creations and accelerate India’s journey towards becoming a developed and prosperous nation.

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