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    MRO services in India to grow to USD 5.7 billion by 2030
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    SC rejects another PIL alleging violation of wildlife norms by Vantara
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March 20, 2026
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MRO sector expansion driven by fleet and airport growth, enabled by trade and investment reforms supporting domestic aerospace capacity.
Projected expansion of India's MRO market to 5.7 billion USD by 2030 is driven by fleet and airport capacity growth and enabled by policy reforms such as ratification of the Cape Town Convention, liberalised foreign direct investment, and reductions in GST and customs duties on aviation components. Special economic zones, greenfield airport projects and offset driven reinvestment support manufacturing and leasing, while accelerated logistics, skilled personnel and higher value engine and component overhaul capabilities remain essential to realise the forecast.
March 20, 2026
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Demand reduction measures recommended to ease oil shock, prioritise targeted consumer relief and transport demand management.
The IEA recommends immediate demand side measures-remote work, lower highway speeds, reduced business air travel, expanded public transport, LPG use restriction for non essentials, and improved driving and industrial fuel efficiency-to cut oil and refined product consumption. It advises targeted fiscal relief for vulnerable consumers due to limited fiscal space, highlights coordinated strategic stock releases as a supply response, and stresses restoring Strait of Hormuz transit as essential for stabilising markets while prioritising demand reduction to ease macroeconomic pressures.
March 19, 2026
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Undercover GST investigation exposes supplier using closed firms to suppress sales, prompting seizure and ledger blockage.
Uttarakhand GST officials covertly floated and staffed firms to engage a supplier suspected of evading GST by misusing closed-entity names and suppressing sales; documents on sales, purchases, stock movement and financial transactions were seized during a search and seizure, recoveries were deposited to the GST exchequer and ledgers blocked pending forensic analysis.
March 19, 2026
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Validity of import permits affirmed; documented wildlife imports under valid permits cannot be later invalidated.
The court accepted the Special Investigation Team's finding that no violations were found under domestic statutes or the Convention on International Trade in Endangered Species, and noted the CITES Secretariat also found no missing documentation or evidence of commercial importation. Emphasising finality of authorised administrative acts, the court held that imports made under valid permits with requisite documentation cannot be subsequently treated as prohibited merely because objections are raised later, and dismissed the duplicative petition.
March 19, 2026
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Corporate governance concerns after a chairman's ethics based resignation prompt interim leadership and regulator engagement.
An abrupt resignation by the part time non executive chairman citing differences over values and ethics-without specific allegations-triggered board engagement, a Nomination and Remuneration Committee disclosure, appointment of an interim chairman, and regulatory consultation; the bank and regulator publicly reported no material governance concerns while market confidence reacted to the leadership change.
March 19, 2026
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Export relief scheme RELIEF extends obligations and subsidises freight/insurance to ease conflict linked logistics disruptions for exporters.
The RELIEF scheme, implemented by ECGC under the Export Promotion Mission with a dedicated financial outlay, provides targeted, time bound measures for exporters affected by West Asia conflict related logistics disruptions. It includes automatic extension of export obligations for Advance Authorisations and EPCG authorisations without penalty, facilitation of ECGC coverage for forthcoming consignments, and partial reimbursement of extraordinary freight and insurance costs for MSMEs lacking ECGC cover. The scheme applies to consignments destined for or transhipped through specified Gulf and West Asia markets and is subject to dashboard monitoring and periodic review by the EPM Steering Committee.
March 19, 2026
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Plug-and-play industrial parks to streamline permits and infrastructure, accelerating establishment of manufacturing ecosystems and investment readiness nationwide.
NICDC will implement the BHAVYA scheme to develop 100 plug-and-play industrial parks with pre-approved land, ready infrastructure, integrated services and streamlined approval mechanisms including single-window systems, aligned to multimodal connectivity and infrastructure planning (including underground utilities) to ensure investment-ready industrial ecosystems.
March 19, 2026
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Ethics concerns prompted board inquiry and regulator engagement, leading to interim chair appointment to preserve governance continuity.
The chairman's resignation citing ethical misalignment prompted the board to seek specific instances and request withdrawal of certain language; unable to secure clarity, the Nomination and Remuneration Committee engaged the banking regulator, which appointed an interim chair to ensure governance continuity. Management maintained there were no substantive issues warranting resignation, described an overseas investigation as closed with accountability fixed, and directed the NRC to address executive reappointment and chairman selection under standard succession processes.
March 19, 2026
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Aadhaar update timelines: call for time bound processing and stronger grievance redressal to reduce RTI and litigation.
Delays and lack of clarity in processing Aadhaar demographic update requests, notably date of birth corrections, led the Commission to urge UIDAI to adopt clear timelines and time bound disposal procedures and to strengthen grievance redressal and public awareness so citizens need not resort to RTI or court petitions.
March 19, 2026
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Export relief scheme RELIEF supports exporters with enhanced insurance cover and reimbursements amid West Asia logistics disruptions.
RELIEF is a time bound Export Promotion Mission intervention designating ECGC Ltd. as the nodal implementing agency to provide enhanced risk coverage for ECGC insured consignments during the disruption period, supported ECGC cover for forthcoming shipments over a defined three month window, and a partial reimbursement mechanism for eligible non insured MSME exporters to offset extraordinary freight and insurance surcharges, subject to documentary verification and notified ceilings; implementation is funded from an approved EPM outlay and monitored via dashboard and periodic steering committee review.
March 19, 2026
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Energy data classified as national security mandates real time disclosure across oil and gas supply chains to central agency.
The Petroleum and Natural Gas (Furnishing of Information) Order, 2026 classifies energy data as national security and requires entities across the petroleum and natural gas supply chain to furnish production, imports, exports, stocks, storage, allocation, transportation, supply, consumption and utilisation data, aggregated or disaggregated by geography, time or consumers, to PPAC in such form, manner, electronic platform and periodicity as specified, and overrides contractual confidentiality or commercial sensitivity claims.
March 19, 2026
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Travel Document Requirements: carry passport, visa, insurance and proof of funds to smooth immigration checks.
Entry into foreign jurisdictions requires organised proof of identity, travel authorisation and intent: carry a valid passport, visa or electronic travel authorisation, proof of onward or return travel and an accessible itinerary in cabin baggage with digital backups. Carry travel insurance documents-policy certificate, coverage summary and emergency contacts-saved offline when required by entry rules. Also present accommodation confirmations, financial evidence and destination-specific health documentation such as vaccination certificates, prescriptions and medical device notes. Consolidate these papers in a single folder and ensure consistency of names and dates across documents.
March 19, 2026
Show AI Summary
Export relief scheme extends export obligations and offers logistical and financial support to exporters affected by West Asia conflict.
The government launched a targeted export support scheme to assist exporters disrupted by the West Asia conflict, with ECGC as implementing agency and an inter ministerial group coordinating daily. The scheme covers consignments to specified West Asia destinations and comprises three components: automatic, penalty free extension of Advance Authorisation and EPCG export obligations and protection of insured shipments over an immediate one month window; measures to promote ECGC coverage for upcoming consignments over a three month period; and targeted partial reimbursement of extraordinary freight and insurance costs for MSMEs not covered by ECGC during a specified one month period.
March 19, 2026
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Textile export leadership: Tamil Nadu tops India in textile shipments, surpassing Gujarat and Maharashtra in 2024-25.
Tamil Nadu leads India in textile exports for fiscal year 2024-25 with shipments of USD 7,997.17 million, up from USD 6,193.39 million in 2020-21 and representing 21.84% of national textile exports; Gujarat and Maharashtra follow in second and third place. The National Import-Export Record for Yearly Analysis of Trade is cited as the source, and the state credits cross-departmental schemes for the multifaceted export growth.
March 19, 2026
Show AI Summary
GMP compliance as a market access tool: certified divisional containment and neutral code manufacturing enable regulated exports and client reliability.
Alpex Pharma is a certified third party manufacturer holding WHO GMP, GMP, GLP and Ghana GMP credentials, operating three fully separated divisions (General, Beta Lactam, Cephalosporin) with dedicated containment and compliance architectures to prevent cross contamination, enable export compliance, and support neutral code manufacturing partnerships alongside a client centric account management model aligned to regulatory and commercial timelines.
March 19, 2026
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GSTAT e-filing guidance sets out role selection, document upload, payment, digital signing, and filing number generation.
GSTAT e-filing for appeals requires advance preparation through the offline draft Excel sheet, role selection, sequential completion of the appeal form, upload of PDF documents within the prescribed size limit, payment of appeal fee through the approved modes, and digital signing for final submission. The advisory also highlights mandatory vakalatnama requirements for certain representatives, entry of demand details where APL-04 is unavailable, and payment of the pre-deposit required under section 112(8). Successful filing generates a filing number and acknowledgement.
March 19, 2026
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Aadhaar forgery: arrest and seizure of devices as suspect taken for further interrogation and investigation.
Allegations concern a gang producing forged Aadhaar cards and the arrest of an individual alleged to have provided technical assistance to that syndicate; electronic devices and documentary material were recovered during a raid and the suspect was transferred for further interrogation as part of an ongoing inter-district probe.
March 19, 2026
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Textile export leadership shifts as Tamil Nadu becomes nation's top textile exporter, surpassing Gujarat and Maharashtra.
Tamil Nadu has become India's leading state in textile exports for fiscal 2024-25, surpassing Gujarat and Maharashtra, according to national import-export data compiled on a centralised trade-data platform; the state's rise is attributed to coordinated departmental schemes and planned policy measures driving multifaceted growth in the textile sector.
March 19, 2026
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Corporate governance recognition: HDFC Life placed in Leadership category under national scorecard, reaffirming transparency and accountability.
Recognition under the Indian Corporate Governance Scorecard placed HDFC Life in the Leadership category for scoring 75 and above as of 31 December 2025, reflecting the company's commitment to transparency, accountability, and governance practices treated as an organisational value rather than mere compliance within a widely used benchmarking framework.
March 19, 2026
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Merger approval: competition regulator clears Bentley's stake increase in Baby Memorial and BMH's secondary purchase in Unimed.
The Competition Commission approved a two-step Proposed Combination: Bentley Asia will acquire additional shareholding in Baby Memorial Hospital Limited, and BMH will thereafter acquire certain shareholding in Unimed Health Care Private Limited by way of a secondary purchase; the parties include a Singapore investor (Bentley), a multi-specialty hospital network (BMH), and Unimed operating Star Hospitals, with a detailed order to follow.

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Customs & Trade

Italian Milling Industry Showcases 'Pure Flour from Europe' in New Delhi as Indian Demand Reaches Record Levels

March 11, 2026

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New Delhi, Delhi, India (NewsVoir) ITALMOPA, the Italian Association of Milling Industries, returns to India with its European campaign “Pure Flour from Europe”, highlighting the quality, safety and performance of premium EU and Italian soft wheat flour.

The association hosted an exclusive presentation on 9 March 2026 at Le Méridien New Delhi, followed by participation at AAHAR 2026 from 10-14 March at Pragati Maidan. The initiative comes at a time of strong growth in India’s imports of European soft wheat flour, reflecting rising demand from professional chefs, artisan bakers and increasingly discerning home cooks seeking premium, fully traceable ingredients.

India: A High-Potential Growth Market India continues to demonstrate robust demand for imported soft wheat flour: • Imports reached €1.7 million in 2024, the third highest level ever recorded.

• In the first ten months of 2025 alone, imports totalled €2.5 million, already surpassing previous annual figures.

• Forecasts indicate imports may exceed €3 million by the end of 2025, marking a historic high.

Italy remains the leading European Union exporter of soft wheat flour to India, with exports projected to reach approximately €378,000 in 2025.

“India represents a strategic and fast-growing market for high-quality European flour,” said Vincenzo Martinelli, President of ITALMOPA. “Although India is one of the world’s largest producers of soft wheat flour, we are witnessing increasing demand for premium imported products, particularly within the hospitality sector. The current growth trajectory confirms the significant long-term potential of this market.” Promoting Excellence through “Pure Flour from Europe” The “Pure Flour from Europe” campaign aims to raise awareness of the superior characteristics of European soft wheat flour - especially Italian flour recognised worldwide for: • Consistent baking performance • Excellent elasticity and dough stability • High food safety standards • Full traceability • Sustainable production practices.

Italian soft wheat flour is particularly valued for uses such as Neapolitan pizza, focaccia, artisan breads, pastries and fresh pasta, where flour performance is essential to achieving authentic texture and structure.

Rigorous Safety, Traceability and Sustainability Standards Founded in 1958 and headquartered in Rome, ITALMOPA represents more than 80 industrial milling companies across Italy and is the largest flour milling association in the European Union. European milling operations are subject to some of the world’s most stringent food safety regulations. Quality controls begin with the careful selection of wheat and continue throughout the milling and distribution process via fully computerised traceability systems.

Thousands of analytical tests and cross-checks are conducted annually by independent accredited laboratories to ensure compliance with EU standards. In addition to quality assurance, the European milling industry remains committed to sustainability, investing continuously in energy efficiency, emissions reduction and responsible by-product utilisation.

Live Demonstrations and Tastings at AAHAR 2026 Visitors to AAHAR 2026 can discover “Pure Flour from Europe” at Booth 13B, Hall 1G, where representatives from leading Italian milling companies, including Molini Agugiaro & Figna and Mulino Caputo, will meet industry professionals and buyers. Live culinary demonstrations will be led by Italian master chefs Giuseppe Ottolano and Riccardo Scaioli, who will prepare authentic Neapolitan pizza and Pizza in pala using premium Italian flour, enabling visitors to experience its performance first-hand.

Strengthening EU–India Trade Relations The campaign also reflects the strengthening of trade relations between the European Union and India. Following the closure of negotiations on a landmark free trade agreement between the European Union and India, further agri-food exchanges will be facilitated, opening new opportunities for high-quality European products within the Indian market.

With India’s rapidly expanding hospitality sector and growing appetite for international cuisines, Italian soft wheat flour is well positioned to support chefs and bakers seeking authenticity, consistency and premium quality.

About ITALMOPA Founded in 1958 and based in Rome, ITALMOPA (Italian Association of Milling Industries) represents over 80 industrial milling companies and promotes the excellence, innovation and sustainability of Italian flour production worldwide. The association plays a key role in advancing quality standards and supporting international market development for Italian milling products.

For further information, visit www.pureflourfromeurope.com and follow the campaign on Instagram - Facebook - YouTube.

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

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