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March 25, 2026
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Skill Development Project approval under income tax rules requires Form 22 filing, structured disclosures, and electronic verification.
Form 22 is the prescribed Income-tax application by which an eligible company seeks approval of a Skill Development Project under Section 47(1)(b) of the Income-tax Act, 2025 read with Rule 39. The form is filed with the National Council for Vocational Education and Training for recommendation to the Central Board of Direct Taxes, and it must be submitted electronically using DSC or EVC before commencement of the project. It requires disclosure of company particulars, project particulars, training institute details, prior notifications or revocations, return of income data, penalties, outstanding tax demands, expenditure projections, and supporting annexures.
March 25, 2026
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Free trade agreements and voluntary CSR are highlighted as tools for quality-led growth and inclusive development.
India's expanded free trade agreements are presented as a means of securing preferential market access for goods and services, with reduced or zero duty benefits linked to stronger export competitiveness. Indian industry, farmers, MSMEs, fishermen and artisans are urged to use these opportunities through a sustained focus on quality, higher standards and improved production and service capability. The statement also presents voluntary corporate social responsibility beyond statutory minima as an example of tangible social commitment.
March 25, 2026
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Multilateral trading system priorities shape India's agenda on WTO reform, food security, digital trade, and development concerns.
The WTO Ministerial Conference agenda covers WTO reform, the e-commerce work programme and moratorium, investment facilitation for development, fisheries subsidies, and agriculture-related issues. India's priorities include a development-centric multilateral trading system, a permanent solution on Public Stockholding for food security, effective Special and Differential Treatment, and a fully functional, automatic, and binding dispute settlement mechanism. India also supports policy space in digital trade, balanced fisheries subsidy disciplines, and investment facilitation for developing countries.
March 25, 2026
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Startup ecosystem partnership expands incorporation support, mentorship and financial tools for early-stage founders through a dedicated platform.
DPIIT entered into a strategic partnership with a leading fintech platform through a Memorandum of Understanding to strengthen India's startup ecosystem by supporting startups, innovators and entrepreneurs with financial tools, founder enablement programmes and ecosystem assistance. The collaboration is directed towards helping early- and growth-stage startups scale through digital payment solutions, financial infrastructure, incorporation support, mentorship and structured guidance for formalising and expanding operations. A dedicated platform, Startup Sahayak, has been launched to provide end-to-end assistance for early-stage founders, including company incorporation, access to schemes and guidance on funding opportunities.
March 25, 2026
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Cooperative sector survey training strengthens data quality and prepares nationwide collection on economic contribution and employment generation.
The Rapid Survey of Functional Cooperatives is being prepared through an all-India training workshop to equip master trainers with conceptual clarity, survey methodology, technical know-how, and uniform understanding of survey concepts. The survey will be conducted nationwide from April 2026 using the National Cooperative Database as the sampling frame and a web-based data collection system to generate sector-wise estimates of economic contribution and employment generation.
March 25, 2026
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Infrastructure project monitoring through PAIMANA tracks ongoing Central Sector projects, sector-wise progress, and new additions across Ministries.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, which standardises infrastructure tracking, auto-updates project data from Ministries and Departments, and supports timely review and data-driven decision-making. As of February 2026, the portal records 1,948 ongoing projects across 17 Central Ministries and Departments, with a revised cost of Rs.41.98 lakh crore and cumulative expenditure of Rs.19.71 lakh crore. The portfolio covers multiple sectors, led by Transport & Logistics and Energy, and includes new additions and commissioned projects during February 2026.
March 25, 2026
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Skill development project approval through Form 22 requires online filing, verified disclosures, and compliance with prescribed conditions.
Form 22 is the prescribed income-tax application for an eligible company seeking approval of a skill development project under Section 47(1)(b) of the Income-tax Act, 2025, read with Rule 39. The form is filed before commencement of the project through the e-filing portal and requires disclosure of the project structure, training institute particulars, proposed expenditure, supporting documents, and compliance details. It is verified by DSC or EVC, and defects must be rectified within the prescribed time or the application may be treated as invalid.
March 25, 2026
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Agricultural extension project notification under Form 21 requires approval, compliance, renewal, and revocation safeguards.
Form 21 is the notification instrument issued by the Central Board of Direct Taxes for an approved Agricultural Extension Project under Section 47(1)(a) of the Income-tax Act, 2025 read with Rule 37. It is issued after examination of Form 20, records the project particulars, approved tax years, expected expenditure, and notification conditions, and is authenticated by signature and Official Gazette publication. The notification remains valid for up to three Tax Years, is subject to compliance and renewal requirements, and may be revoked for cessation, non-genuine activities, or breach of approval conditions.
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.

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Customs & Trade

Foreign Travel Insurance Guide: A List of Vital Documents for Immigration and Customs This Vacation Season

March 19, 2026

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Mumbai (Maharashtra) [India], March 17: Airports can feel easy right up until the immigration counter, when you are asked for a document you did not expect. Most travellers do not get stuck because they are missing something major. They get stuck because the right paper is buried in a suitcase, a booking is not accessible offline, or details do not match across documents. If you keep your essentials organised, immigration and customs checks usually move quickly. This article covers the documents you should keep ready, including travel insurance paperwork that may be asked for at entry in many destinations.

Primary Travel Identification and Authorisation Your entry begins with identity and permission to travel. Keep these in your cabin bag, not in checked luggage, and keep a clear digital backup.

• Passport: Check it is undamaged and valid for your trip, with enough blank pages for stamps.

• Visa or entry permission: This may be a stamped visa, e-visa, or electronic travel authorisation, depending on the country.

• Return or onward travel proof: Many immigration desks want proof that you will exit within your permitted stay.

• Flight itinerary: A printout or a saved screenshot is helpful when your phone's network is unreliable.

• Purpose of visit support: If asked why you are travelling, having a simple itinerary summary makes your answers consistent.

Extra Documents for Specific Situations Some travellers are asked for additional proof because of their travel profile. Carry what applies to you.

• If you are travelling for work, keep a company letter, event invite, or business contact details.

• If a child is travelling with one parent or a guardian, carry any required supporting consent documents for your route and destination.

Comprehensive Travel Insurance Is Mandatory In Many Regions Travel insurance is often treated as a responsible travel essential, and in certain regions it is also an entry requirement. Even when it is not mandatory, it can protect you from sudden medical bills, lost baggage stress, and trip disruptions that can derail the holiday.

• Policy certificate showing traveller details and travel dates • Coverage summary so you can quickly explain what is covered if asked • Emergency assistance contact details for help abroad • Claims process notes or the insurer’s support details, saved offline Accommodation and Financial Proof Immigration teams often check whether your stay plans are clear and whether you can fund your travel without taking up unauthorised work. Customs checks may also involve questions about valuables and items you are carrying.

• Accommodation proof: Hotel booking confirmations, or the host’s full address and contact details if staying with friends or family • Financial proof: Recent bank statements, forex card details, or credit card access proof, depending on what you carry • Employment or leave confirmation: A leave email or letter can support your intent to return • Ties to home: Anything reasonable that supports you are a genuine visitor, such as ongoing work or study commitments Health and Security Documents Health and security checks vary by destination and can change with travel advisories. It helps to keep these documents together so you don't have to search for them in a crowded queue.

• Vaccination certificates or health declarations, if required for your destination • Prescription and doctor’s note for any medication that could raise questions at screening • Medical device support note, if you carry devices that may require explanation at security • Emergency contacts list, including family in India and a local contact abroad, plus your travel insurance emergency number Pro Tips for Travellers A few smart habits reduce delays and keep you calmer during checks.

• Keep one single document folder for passport, visa, itinerary, accommodation proof, financial proof, and travel insurance.

• Save offline copies of bookings and insurance details, not just links that require an internet connection.

• Ensure spelling and dates match across your passport, tickets, hotel bookings, and insurance certificate.

• If you are carrying new high-value purchases, keep the receipts accessible in case customs asks for them.

• If you are unsure about a rule, check official embassy and government guidance before departure rather than relying on social posts.

Conclusion When you prepare your paperwork properly, immigration and customs become a short stop rather than a stressful event. Keep your passport and entry permission ready, back up your itinerary and stay details, and carry clean proof of funds and health-related documents where required. Add your travel insurance certificate and assistance details to the same folder so you are never caught off guard.

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

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