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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.
March 25, 2026
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In-house research and development approval governs deduction claims subject to DSIR recognition and statutory compliance.
FORM 14 is the prescribed approval order issued by DSIR for a company's in-house research and development facility under section 45(2) read with Rule 29. It formally grants approval, records the scientific research to be undertaken, links the approval with DSIR recognition and the company's application, and supports a deduction claim subject to compliance with statutory conditions. The form is facility-specific, not a filing form, and may be withdrawn for non-compliance or withdrawal of DSIR recognition.
March 25, 2026
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Scientific research and development audit reporting supports deduction claims through mandatory independent certification and account verification.
Proposed FORM 13 is the annual statutory audit report for an approved in-house scientific research and development facility under section 45(2) of the Income-tax Act, 2025. It is furnished by the company through an independent accountant and provides independent assurance on maintenance of separate accounts, correctness of capital and revenue expenditure, conformity with DSIR guidelines, and linkage with audited financial statements. FORM 13 is a mandatory supporting document for deduction claims and operates with FORM 11, FORM 14 and FORM 12 in the compliance framework.
March 25, 2026
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In-house R&D audit report defines compliance for deduction claims through separate accounts and certified expenditure.
FORM 13 is the accountant's annual audit report for an approved in-house scientific research and development facility claimed under section 45(2). It certifies maintenance of separate accounts, correctness of expenditure, and conformity with DSIR guidelines, and must be attached with or furnished in support of the company's return of income. The form is a mandatory compliance requirement, but deduction remains subject to verification and assessment.
March 25, 2026
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Research and development deduction reporting through Form 12 supports technical certification, expenditure verification, and compliance oversight.
Proposed Form 12 is the statutory reporting form through which the prescribed authority, acting under Rule 29, submits findings and certification regarding an approved in-house research and development facility to the jurisdictional Chief Commissioner of Income-tax. It operates within the compliance framework for deduction of expenditure on approved in-house R&D facilities under section 45(2) of the Income-tax Act, 2025 and records evaluation details, eligible expenditure and asset movements for verification of deduction claims.

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Why Frost-Free Inverter Refrigerators Are Worth the Upgrade This Gudi Padwa

March 18, 2026

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Pune, Maharashtra, India (NewsVoir) Gudi Padwa marks the start of a new year - a time to welcome fresh beginnings, good fortune, and smarter choices into the home. And if there's one upgrade worth making this festive season, it's switching to a frost-free inverter refrigerator. Unlike traditional direct-cool models that ice up, run loudly, and rack up high electricity bills, frost-free inverter refrigerators cool more evenly, run more efficiently, and keep food fresher for longer. The good news is that upgrading does not have to mean paying for it all at once. Customers can visit the Easy EMI Loan page on the Bajaj Finserv website, browse refrigerators that suit their home, and get a loan approved online — all before they even step into a store. They can then head to the nearest partner store to complete the purchase and split the total cost into Easy EMIs that fit their monthly budget. Select models come with zero down payment — meaning the new refrigerator comes home today, with payments starting only next month. Why Frost-Free Inverter Tech is a must-have Frost-free technology uses fans to circulate cool air evenly, preventing ice buildup in the freezer. Paired with an inverter compressor that runs at variable speeds based on cooling demand, this results in: • Lower electricity bills: Up to 30–50% energy savings compared to non-inverter models. • Reduced noise: Quiet operation that does not disturb the home environment. • Longer freshness: Precise temperature control keeps perishable items fresh for days. Best Frost-Free Inverter refrigerators to buy this Gudi Padwa From compact double-door models to AI-powered options, here are five of the best frost-free inverter refrigerators available right now — with EMI prices to match every budget. 1. Godrej 272L 2-Star Inverter Double Door Refrigerator • Price: Rs. 26,490 | EMI from: Rs. 1,247/month • Why it works: Nano Shield Technology provides over 95% disinfection on food surfaces, while Cool Balance Technology keeps vegetables farm fresh for up to 30 days. 2. LG 308L 2-Star Frost Free Double Door Refrigerator • Price: Rs. 31,039 | EMI from: Rs. 2,378/month • Why it works: DoorCooling+™ cools food 35% faster than conventional systems, and Auto Smart Connect lets it run on a home inverter during power cuts. 3. Whirlpool 308L 3-Star Convertible Refrigerator • Price: Rs. 33,490 | EMI from: Rs. 1,020/month • Why it works: Features the industry's fastest freezer-to-fridge conversion in just 10 minutes, and 6th Sense Nutrilock technology preserves vitamins in fruits and vegetables up to 2x longer. 4. Samsung 350L Bespoke AI Double Door Refrigerator • Price: Rs. 41,490 | EMI from: Rs. 1,290/month • Why it works: Bespoke AI Energy Mode optimises compressor speed to save up to 10% more energy, with a 5-in-1 convertible setup for maximum storage flexibility. 5. Haier 358L 3-Star Frost Free Double Door Refrigerator • Price: Rs. 42,600 | EMI from: Rs. 2,169/month • Why it works: Triple Inverter and Dual Fan Technology offer superior temperature control, and 1-hour icing technology ensures you never run out of ice. *Disclaimer: Prices and EMIs may vary by location, partner store, and applicable offers. Please verify the latest pricing before purchase. Limited-time offers on electronics and appliances • Flat Rs. 1,500 cashback on select purchases. With EMIs starting as low as Rs. 1,020 per month, bringing home the preferred frost-free inverter refrigerator this Gudi Padwa has never been easier or more affordable. *Terms and conditions apply. Check with your store for details. How to buy a new refrigerator with Bajaj Finserv Easy EMI Loan Upgrading a refrigerator this Gudi Padwa does not have to mean a large one-time payment. The Bajaj Finserv Easy EMI Loan lets customers split the cost into pocket-friendly monthly instalments, while the Maha Bachat Savings Calculator helps add brand discounts and dealer offers on top — ensuring they always get the best deal. Here is how it works: 1. Select the refrigerator online: Customers can browse models by capacity, star rating, and brand to pick the one that suits their kitchen and budget. 2. Check eligibility: Then head to the Easy EMI Loan page and complete a quick KYC process using a mobile number and PAN card. 3. View the limit instantly: The approved loan amount is displayed immediately once verified. 4. Visit a partner store: Customers can walk into the nearest Bajaj Finserv partner store and get guidance from an in-store representative. 5. Finalise the EMI plan: Pick a repayment tenure, complete minimal paperwork, and the purchase is confirmed on the spot. This Gudi Padwa, the right refrigerator for a home is just a few easy steps away. With the Bajaj Finserv Easy EMI Loan, buying a refrigerator on EMI has never been simpler — the cost is one thing customers do not have to worry about. Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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