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March 25, 2026
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Agricultural Extension Project approval requires Form 20 filing, prior Ministry clearance, and electronic verification before commencement.
Form 20 is the prescribed income-tax application for approval of an Agricultural Extension Project under Section 47(1)(a) read with Rule 37. It must be filed electronically before commencement of the project and before seeking notification, with prior Ministry of Agriculture approval and compliance with Rule 37 conditions. The form requires applicant and project particulars, supporting documents, and verification through DSC or EVC. Defects must be rectified within one month, approval is notified in Form 21 and published in the Official Gazette, and it remains valid for up to three tax years.
March 25, 2026
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Electricity tariff stability keeps consumer burden unchanged while supporting farmers, households, industry, and power sector efficiency.
The Andhra Pradesh Electricity Regulatory Commission approved a tariff order for FY2026-27 keeping electricity tariffs unchanged across consumer categories, while also undertaking true-up/down and performance review of the distribution companies for FY2024-25 after public consultation. The order records a lower approved revenue gap than projected by the distribution companies and provides for full Government support of the approved gap, with the effect that consumers are not subjected to tariff increase or additional true-up burden.
March 25, 2026
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Personal loan interest rates shape EMI burden, repayment costs, and borrowing decisions for salaried individuals.
Interest rates are a primary determinant of the affordability of personal loans for salaried borrowers, directly affecting monthly EMI outgo, total repayment burden and overall budget planning. Even small differences in the rate can materially alter long-term repayment commitments, making comparison of rates and related charges an important step before borrowing. The rate offered to a salaried borrower is described as dependent on credit score, repayment history, monthly income, job stability, existing financial obligations and employer profile.
March 25, 2026
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Unpaid caregiving work shows a clear gender gap in Time Use Survey 2024, with women participating more and spending more time.
Time Use Survey 2024 measures participation in paid and unpaid activities and reports unpaid caregiving for household members among persons aged 15 to 59 years. It compares Time Use Survey 2024 with Time Use Survey 2019, noting differences in participation rates and average daily time spent on caregiving by men and women. The release highlights that women participate more in unpaid caregiving and spend more time on it than men.
March 25, 2026
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Infrastructure project monitoring through PAIMANA, integrated dashboards, and escalation-based review to reduce delays and improve execution.
MoSPI monitors ongoing Central Sector infrastructure projects costing Rs. 150 crore and above through PAIMANA, a web-based monitoring system integrated with DPIIT's portal under the principle of One Data One Entry. The platform automatically fetches project data, reduces manual entry, supports evidence-based monitoring, and provides customized dashboards, monthly reviews, and analytics for stakeholders. Delay-mitigation measures also include PRAGATI reviews and DPIIT's Project Monitoring Group, which uses milestone-based monitoring and a 5-tier escalation framework for issue resolution and fast-tracking of approvals and clearances.
March 25, 2026
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International trade law and WTO dispute settlement shaped CTIL's support for a regional moot court competition.
CTIL supported the 24th edition of the John H. Jackson Moot Court Competition as a Platinum Sponsor for the West and South Asia regional round. The event focused on international trade law, WTO law and dispute settlement, with CTIL research staff serving as judges and CTIL presenting its work in trade and investment law, capacity-building programmes and policy discourse.
March 25, 2026
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Agricultural extension project approval governs online filing, verification, and compliance for tax-benefit eligibility under the income-tax framework.
Form 20 is the prescribed income-tax application for approval of an agricultural extension project under Section 47(1)(a) of the Income-tax Act, 2025 read with Rule 37. It is used by an assessee seeking approval for a project undertaken for training, education and guidance of farmers, with prior approval from the Ministry of Agriculture and Farmers Welfare and expected expenditure, excluding land and building, exceeding the specified threshold. The form serves to secure approval-related tax benefits and to furnish structured disclosure of the project, expenditure estimates, beneficiary details, compliance history and prior approvals.
March 25, 2026
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Specified business notification for semiconductor wafer fabrication units through Form 19 and electronic filing requirements.
Form 19 is prescribed for an application seeking notification of a semiconductor wafer fabrication manufacturing unit as a specified business under the Income-tax law. It is used by an assessee carrying on, or proposing to carry on, semiconductor wafer fabrication manufacturing, and the application captures particulars of the assessee, the unit, and fulfilment of prescribed conditions to enable verification of eligibility for notification. The completed form, together with supporting approval documents where applicable, is filed electronically and examined for compliance with the statutory and rule-based requirements.
March 25, 2026
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Insolvency resolution delays and tribunal capacity constraints dominate debate on insolvency law amendments.
Debate on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 highlighted concerns that insolvency resolution and liquidation suffer from delay, value deterioration and low recoveries. Opposition members said limited capacity of the National Company Law Tribunal hampers timely disposal of cases and weakens the resolution framework, while also criticising the insolvency ecosystem for facilitating stripping of corporate assets. The discussion noted efforts to address timelines, capacity constraints and creditor recovery through the select committee report.
March 25, 2026
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Semiconductor wafer fabrication notification governs specified business status, mandatory filing, and tax benefits under the prescribed form.
Form 19 is the prescribed application for notification of a semiconductor wafer fabrication manufacturing unit as a specified business under section 46 of the Income-tax Act, 2025. It is required for assessee carrying on or proposing to carry on semiconductor wafer fabrication activity and is mandatory for claiming the associated tax benefits. The form seeks particulars of the assessee, the specified business, the proposed unit, commencement details, prescribed approvals, and confirmation that the unit is exclusively for semiconductor wafer fabrication, located in India, and operating under the required conditions.
March 25, 2026
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Specified business notification for affordable housing projects requires electronic filing, supporting documents, and compliance verification.
Form 18 is the prescribed application for notification of an affordable housing project as a specified business under section 46. It is required to be furnished electronically by an assessee seeking such notification and captures particulars of the assessee, the specified business, the proposed project, and compliance with prescribed conditions. Supporting documents such as the development agreement, sanction letter, and layout approval are attached to assist verification. The application is examined for compliance before notification may be granted.
March 25, 2026
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Affordable housing project notification through Form 18 is mandatory for claiming tax benefits under the specified business regime.
Form 18 is the prescribed application for notification of an affordable housing project as a specified business under section 46 of the Income-tax Act, 2025, and filing it is mandatory for availing the tax benefits available under that provision. The form requires the assessee to furnish particulars of the assessee, the specified business, the proposed project, compliance with prescribed conditions, and other project-related details, including project location, unit-wise area particulars, investment, title to land, development agreements, and a declaration certifying correctness of the information furnished.
March 25, 2026
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Approval for research-linked income-tax benefits through Form No. 17 requires detailed filing, verification, and ongoing annual compliance.
Form No. 17 is the prescribed electronic application for an Indian company and for a research association, university, college or other institution seeking approval under the relevant income-tax framework. It requires verified filing within the prescribed time, detailed particulars of the applicant, research activities, income, expenditure, donations, and supporting documents. The prescribed authority may issue a deficiency notice, and after approval the entity must furnish annual research-related compliance details.
March 25, 2026
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Form No. 17 approval applications require detailed disclosures, electronic filing, and ongoing compliance for research-related tax recognition.
Form No. 17 is the prescribed electronic application for approval under section 45(3)(b) for a company and section 45(4)(b) for a research association, university, college or other institution. The form requires disclosure of incorporation details, key persons, beneficial owners, registrations, research facilities, research projects, income and expenditure, together with prescribed enclosures and declarations. Approval remains subject to maintenance of books, audit and reporting obligations, compliance with conditions of approval, and the possibility of withdrawal if activities cease, become non-genuine, or are not carried out as required.
March 25, 2026
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Scientific research donation certificates streamline deduction verification through annual donor-wise reporting, Form 16 linkage, and corrected issuance.
Form 16 serves as the annual donor-wise certificate for contributions made to prescribed institutions for scientific research and is used to support verification of deductions claimed under the Income-tax Act, 2025. The certificate records aggregate donations received during the tax year, is not a receipt for individual transactions, and operates separately from transaction-level acknowledgments issued by the institution. It is linked to Form 15, must be issued once in each tax year on or before 31 May, and may be corrected if errors are found.
March 25, 2026
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Finance Bill 2026 advances budgetary approval as Lok Sabha passes the measure with government amendments.
Lok Sabha passed the Finance Bill 2026 with 32 government amendments, completing its role in the Budgetary approval process for 2026-27 and sending the Bill to the Rajya Sabha for further consideration. The Budget framework for 2026-27 provides for substantial expenditure and capital outlay, along with projected gross tax revenue, gross borrowing, and a lower fiscal deficit than the current fiscal year.
March 25, 2026
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Annual donor certificate for scientific research requires electronic FORM 16, separate from receipts and subject to deduction conditions.
Prescribed undertakings or institutions covered by section 45(3) must issue FORM 16 as an annual certificate to donors for sums received for scientific research. The certificate is issued once for the relevant tax year, on or before 31 May immediately following that year, and records the aggregate donation, donor particulars, the institution's approval details, and the relevant clause of section 45(3). FORM 16 is distinct from FORM 15, may be corrected or revised, and does not by itself guarantee deduction to the donor.
March 25, 2026
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Scientific research donation reporting under Form 15 requires annual filing, donor-wise particulars, and cross-verification of deductions.
Form 15 is a statutory annual information statement for prescribed undertakings or institutions receiving sums for scientific research, social science research or statistical research under the Income-tax Act, 2025. It must be furnished annually by the recipient institution and verified by the person authorised to verify its return of income, on or before 31st May following the relevant tax year. The form captures donor-wise and donation-wise particulars and serves as a primary data source for cross-verification of deductions claimed by donors, without itself conferring any deduction.
March 25, 2026
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Scientific research donation reporting under FORM 15 requires annual electronic furnishing by the recipient institution.
FORM 15 is a prescribed annual statement to be furnished by a prescribed undertaking or institution in respect of sums received for scientific research during a tax year. It applies to eligible sums received for scientific, social science or statistical research, and not to charitable donations. The obligation lies with the recipient institution, the statement is to be furnished annually on or before 31st May, and it must include donor-wise particulars, approval details, and receipt information. Non-furnishing or incorrect furnishing may affect the donor's deduction and attract statutory consequences.
March 25, 2026
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In-house R&D approval under Form 14 conditions tax deduction eligibility and links scientific recognition with compliance oversight.
Proposed Form 14 is the statutory approval order for an in-house research and development facility under section 45(2) of the Income-tax Act, 2025. Issued by the Department of Scientific and Industrial Research under Rule 29, it records the company's particulars, the facility details, DSIR recognition, and the grant of approval for the deduction framework. The approval is facility-specific, depends on continued DSIR recognition, and does not by itself establish deduction entitlement.

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Customs & Trade

AAHAR 2026 – 40th Edition: Strengthening India’s role in the global food economy through a structured B2B platform

March 10, 2026

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New Delhi | 10th March 2026: At a time when the world is navigating geopolitical uncertainty, supply chain disruptions, and economic realignments, food security and food trade have become more critical than ever. In such a global environment, platforms that strengthen trade partnerships and supply chain resilience become extremely important. The 40th edition of AAHAR is therefore not just another exhibition — it is a statement of India’s growing role in the global food economy. Over the last four decades, AAHAR has evolved into one of Asia’s most respected Business-to-Business platforms for the food and hospitality sector. It connects producers, processors, exporters, technology providers, hospitality leaders and institutional buyers from across the world. As India hosts the 40th edition this year, the exhibition reflects both continuity and transformation — continuity of a trusted trade platform, and transformation in how the global food ecosystem is evolving.

AAHAR exists because trade platforms are essential for translating production strength into economic opportunity. India today is among the largest producers globally of milk, spices, rice, fruits and vegetables, and pulses. Specifically, India accounts for 24% of global milk production, commands a 25% share of the $20 billion global spices market, contributes 28% of world rice production, and leads in fruits like bananas (26% global production), mangoes (43%), and papayas (37%). However, production scale does not automatically translate into proportionate export dominance. These figures illustrate that production alone does not create economic value. Value is created when agriculture connects with processing, technology, packaging, logistics and global markets. AAHAR provides exactly this platform.

Recent export performance underscores this opportunity. In FY25, dairy exports reached 113,350 metric tonnes valued at $493 million, representing an 80% year-on-year increase. Similarly, while India produces spices at scale, it captures approximately 25% of global spice exports, exporting 1.5 million tonnes worth $4.5 billion annually. Rice exports demonstrate stronger global penetration, with India shipping 21.55 million tonnes in 2025, valued at approximately $12.95 billion in FY25, representing significant volume in global rice trade. Fruits and vegetables exports reached $1.82 billion in FY25, while pulses exports hit a record 876,000 metric tonnes from January to November 2025, with full-year projections approaching 1 million metric tonnes. These indicators underline a clear pathway: strengthen value addition and processing capability, promote technology adoption, and build structured market linkages that expand India’s presence in global food trade.

AAHAR enables this through outcomes that are clearly business-focused. It facilitates business matchmaking, export partnerships, technology exchange and investment opportunities. For entrepreneurs, processors, hospitality players and exporters, AAHAR is where real business conversations happen.

Food and hospitality is among the fastest growing sectors in India, driven by demography, rising prosperity, urbanisation, lifestyle changes, rapidly growing leisure travel, outsourcing events and the evolution of a modern market, services and supply chain infrastructure. At the heart of this growth is the food processing industry. In this context, AAHAR’s relevance extends across the complete sector—from the front end to the back end—bringing together stakeholders across food processing and hospitality solutions, and connecting them to the world.

The scale of this year’s edition demonstrates the confidence that global industry has in the platform. AAHAR 2026 features 1800+ exhibitors, including 155 international exhibitors from 17 countries, with Italy as the Partner Nation. Participants represent the entire food ecosystem including processed foods, dairy and marine products, spices and organic produce, bakery and confectionery, food processing machinery, cold chain technology, packaging innovations and hospitality solutions. This breadth makes AAHAR one of the most comprehensive food and hospitality trade events in the region.

The exhibition increasingly serves as a platform not just for physical products, but for technology solutions that enhance efficiency and sustainability across the food value chain. As global supply chains diversify, countries are looking for stable and reliable sourcing partners. India offers a unique combination of agricultural scale, skilled workforce, expanding food processing capacity, and a strong entrepreneurial ecosystem. Total agricultural and processed food exports reached approximately $49 billion in FY25, with agricultural exports constituting 11.9–13% of India’s total export basket. The food processing sector contributes 7.93–8.8% to India’s manufacturing Gross Value Added (GVA) and accounts for 12.91% of organized employment in the manufacturing sector. The role of platforms like AAHAR is to accelerate these global linkages and help Indian businesses connect with international buyers and partners.

A defining pillar of the platform is its relevance for Micro, Small and Medium Enterprises (MSMEs) and emerging entrepreneurs. AAHAR has always provided an inclusive platform for these businesses. Through dedicated startup pavilions, buyer-seller interaction sessions, and global networking opportunities, the exhibition enables smaller enterprises to connect with larger markets and institutional buyers. For many MSMEs, AAHAR is where their products first reach global buyers, where they secure their first export orders, and where they establish relationships with technology providers and logistics partners that enable scale. The government’s support through schemes like PM Formalization of Micro Food Processing Enterprises (PMFME), Production Linked Incentive (PLI) for food processing, and infrastructure development under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) creates an enabling environment that platforms like AAHAR help translate into commercial opportunities.

The global food industry is increasingly focused on sustainability and responsible business practices. This includes responsible sourcing and ethical supply chains, efficient resource use particularly water and energy, sustainable packaging solutions reducing plastic use, lower carbon footprints through optimized logistics, waste reduction and circular economy principles, and organic and regenerative agriculture practices. Many exhibitors at AAHAR are showcasing innovations in these areas, reflecting the industry’s commitment to responsible growth. Sustainability is no longer a peripheral concern but a core competitive advantage in global food trade.

Chairman, ITPO Quote: The food and hospitality sector is among the fastest-growing sectors in India, driven by favourable demographics, rising prosperity, urbanisation, changing lifestyles, growing leisure and business travel, outsourcing of events, and the evolution of modern markets, services, and supply chain infrastructure.

At the core of this ecosystem lies the food processing industry.

India is already a major exporter of agricultural products. Exports of value-added products, equipment, and accessories are emerging as a new priority and are showing promising growth. Our new Free Trade Agreements will further expand export opportunities, which are vital for our farmers and the MSME sector.

AAHAR brings together all segments of this industry — from the front end to the back end — and connects them with the global market. International participation continues to grow, and for the first time, Italy is the Partner Country for this edition.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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