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March 25, 2026
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Facilitative tax and customs reform measures in the Finance Bill 2026 aim to ease compliance, support MSMEs, and promote trade.
The Finance Bill 2026 is described as a set of facilitative tax and customs measures centred on trust-based tax administration, ease of living, MSME support, trade facilitation and customs reform. The measures highlighted include lower tax collected at source on certain foreign remittances and overseas tour packages, customs duty exemption on critical drugs, duty-free import treatment for medicines and personal use articles, permission to file updated income-tax returns after reassessment proceedings begin, and a foreign asset disclosure scheme for small taxpayers. The Bill also seeks to reduce compliance burden and dispute potential through customs rationalisation and facilitation-first enforcement.
March 25, 2026
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Pan-Asian dining expansion marks P.F. Chang's Tricity debut with a Mohali restaurant and signature wok-first menu.
P.F. Chang's expands its India footprint by opening its first restaurant in Mohali at HLP Gallerria, marking its Tricity debut and eighth outlet in the country. The launch is part of the brand's North India growth strategy and extends its presence beyond metro locations. The Mohali restaurant highlights the brand's wok-first cooking, scratch-made sauces, signature Pan-Asian dishes, and menu options tailored for Indian diners, including vegetarian and Jain selections, alongside MSG-free preparation and a premium casual dining experience.
March 25, 2026
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Agricultural extension project notification under income-tax rules sets approval conditions, duration limits, and compliance requirements for tax benefits.
Form 21 is the prescribed income-tax notification form for an approved agricultural extension project under Section 47(1)(a) of the Income-tax Act, 2025, issued after approval under Rule 37 and published in the Official Gazette. It notifies the project, specifies the approved tax year(s), and sets out the terms, conditions, duration, expenditure limits, and beneficiary charges. The form records the applicant's particulars, project purpose, commencement date, approved period, estimated expenditure, and other conditions attached to approval.
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.

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Customs, DGFT & SEZ

APEDA Showcases India’s Agri and Processed Food Export Strength at AAHAR 2026

March 11, 2026

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India’s Agri and Processed Food Exports Cross ₹5 Lakh Crore; FTAs Opening New Global Opportunities: Union Minister of Commerce and Industry Shri Piyush Goyal

APEDA Releases Research Reports on Key Agricultural Products, Launches Packaging Solutions for GI and Region-Specific Exports

Basmati, Organic and Plant-Based Foods Highlighted at APEDA Pavilion at AAHAR 2026

The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, participated in the 40th edition of AAHAR 2026 held from 10–14 March 2026 at Bharat Mandapam, New Delhi. APEDA presented a pavilion highlighting India’s agricultural and processed food export capabilities, bringing together exporters, State representatives and industry stakeholders on a common platform.

The 40th edition of AAHAR – The International Food & Hospitality Fair was inaugurated by Union Minister of Commerce and Industry Shri Piyush Goyal. Organised by the India Trade Promotion Organisation (ITPO), the landmark edition of the event features Italy as the Country Partner. The inauguration ceremony was attended by senior officials from the Embassy of Italy, representatives of ITPO, government officials, industry leaders, exhibitors and delegates from India and abroad.

In his keynote address, Union Minister of Commerce and Industry Shri Piyush Goyal said that India’s food and agriculture sector is entering a new phase of global opportunity. He noted that with exports of agricultural and processed food products crossing ₹5 lakh crore annually, India today stands among the world’s leading exporters. Over the past decade, exports of processed foods, fruits, pulses and vegetables have grown significantly, reflecting the strength and diversity of farmers, fishermen and food processors across the country.

The Minister further said that India’s expanding network of Free Trade Agreements has opened significant opportunities for the country’s food and agricultural exports. In recent years, India has concluded trade agreements with countries and regions including the United Arab Emirates, Australia, Switzerland and other EFTA nations, while strengthening engagement with partners such as Japan, Korea, the United Kingdom, Oman and Mauritius, and advancing discussions with Canada and the European Union. He noted that these agreements are enabling preferential market access for Indian products across nearly two-thirds of global trade, creating new opportunities for farmers, MSMEs and food processors to expand exports and access high-value markets.

The APEDA Pavilion was inaugurated by Additional Secretary, Department of Commerce Shri Nitin Kumar Yadav along with Chairman, APEDA Shri Abhishek Dev and Managing Director, ITPO Shri Neeraj Kharwal in the presence of senior officials from the Government of India, APEDA, participating State Governments, exporters and industry representatives. The pavilion served as an important platform to showcase India’s diverse agri-export basket and facilitate interactions between exporters and buyers from domestic as well as international markets.

On the occasion, research reports on cucumber, cashew, pineapple and pomegranate prepared by APEDA in collaboration with ICRIER as the knowledge partner were also released. The reports provide insights on supply chains, export potential and strategies to enhance India’s competitiveness in global markets.

APEDA also announced the launch of packaging design solutions and technical standards for selected region-specific agricultural products developed in collaboration with the Indian Institute of Packaging (IIP). The initiative focuses particularly on GI-tagged and organic products and aims to improve product protection, shelf life and market presentation for exports. The products covered under this initiative include Karbi Anglong Ginger (Assam), G4 Chilli and Jalgaon Banana (Maharashtra), Assam Kaji Nemu (Assam) and Prayagraj Surkha Guava (Uttar Pradesh).

Spread across an exhibition area of 2,500 square metres, the APEDA Pavilion hosted over 100 exhibitors representing exporters, producer organisations, startups and food processing enterprises from across the country. The exhibition provided opportunities for industry stakeholders to explore collaborations, expand market linkages and promote value-added agricultural products.

The pavilion highlighted key export segments including Basmati Rice, Non-Basmati Rice, Organic Products and emerging plant-based food products, reflecting India’s expanding portfolio in global agri-food markets. A special feature on plant-based products showcased innovative and sustainable food alternatives gaining traction in international markets.

Several State Pavilions were featured within the APEDA space with participation from Andhra Pradesh, Assam, Bihar, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal. These pavilions showcased region-specific products, traditional food items and export-ready agricultural produce, reflecting the diversity and strength of India’s agri-food sector.

APEDA’s participation at AAHAR 2026 attracted significant industry engagement, with over one lakh visitors during the five-day event. The exhibition created opportunities for exporters, food processors and agri-entrepreneurs to interact with buyers, distributors and institutional stakeholders from India and abroad.

A key highlight of the APEDA Pavilion was live wet sampling sessions conducted by a renowned chef presenting innovative recipes and applications using Indian agricultural and processed food products. The pavilion also featured focused displays on Basmati Rice, Non-Basmati Rice, Organic Products and Plant-Based Food products, enabling buyers and visitors to explore India’s export-ready offerings.

AAHAR continues to be one of the largest B2B platforms for the food and hospitality industry in South Asia, offering an important interface for business networking, product promotion and knowledge exchange across the agri-food value chain.

Through its participation at AAHAR 2026, APEDA showcased India’s growing capabilities in high-quality agricultural production, value addition and export-oriented supply chains. The pavilion brought together exporters, startups, State agencies and producer organisations, highlighting opportunities to expand India’s presence in international markets.

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