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    CCI approves merger of Chess Merger Sub, wholly owned subsidiary of Coursera Inc., with and into Udemy Inc.
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March 26, 2026
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Competition combination approval for Coursera and Udemy merger, creating sole control over Udemy through a subsidiary merger.
Competition Commission of India approved a proposed combination involving the merger of Chess Merger Sub, a wholly owned subsidiary of Coursera Inc., with and into Udemy Inc., with Udemy surviving as a wholly owned subsidiary of Coursera. The transaction results in Coursera acquiring sole control over Udemy, and the combined company is expected to have post-closing shareholding in which existing Coursera stockholders hold approximately 59% and existing Udemy stockholders approximately 41% on a fully diluted basis.
March 26, 2026
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Competition approval for renewable energy investment in Aditya Birla Renewables through equity subscription by GIP EM Star.
Competition Commission of India approved the subscription of certain equity share capital of Aditya Birla Renewables Limited by GIP EM Star Pte. Ltd. The acquirer is incorporated in Singapore and is ultimately linked to Global Infrastructure Management, LLC and BlackRock, Inc. The target, headquartered in Mumbai, is engaged in renewable energy power generation, including solar and wind power.
March 25, 2026
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Inflation targeting framework retained with a 4 per cent objective and a 2 per cent tolerance band for the next cycle.
The central government, in consultation with the Reserve Bank, has notified the inflation target for 1 April 2026 to 31 March 2031 at 4 per cent, with an upper tolerance level of 6 per cent and a lower tolerance level of 2 per cent. The framework continues to place the Monetary Policy Committee in charge of setting the policy rate needed to achieve the inflation objective within the prescribed band.
March 25, 2026
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Insolvency resolution delays under the bankruptcy code draw debate over tribunal capacity, creditor recoveries, and reform priorities.
Delay in insolvency resolution under the Insolvency and Bankruptcy Code remained the central issue in parliamentary discussion on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. Members referred to tribunal capacity constraints, overburdened case loads, delayed liquidation and resolution timelines, value deterioration, and low realisations to creditors as continuing problems in the insolvency ecosystem. The select committee report was noted as seeking to address these structural concerns through amendments aimed at improving the functioning of the insolvency and bankruptcy framework.
March 25, 2026
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Electricity tariff reduction cuts power charges by one paisa per unit across all consumer categories for FY27.
Electricity tariff for all consumer categories in Himachal Pradesh has been reduced by one paisa per unit for FY27, effective from 1 April 2026. The tariff order fixes the average cost of supply at Rs 6.75 per unit after truing up, resulting in a corresponding reduction in energy charges across consumer classes. The revised schedule sets category-wise tariffs for domestic, commercial, industrial, agricultural, railway, EV charging, irrigation, bulk supply, and street lighting consumers, while domestic subsidy is left to the state government decision and compensation mechanism.
March 25, 2026
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Money laundering attachment over Mahadev betting assets targets alleged proceeds of crime and overseas luxury properties.
Provisional attachment under the Prevention of Money Laundering Act was issued against immovable assets linked to the Mahadev Online Book betting operation, including luxury properties in Dubai, apartments in Burj Khalifa and two properties in Delhi. The attached assets were alleged to represent proceeds of crime generated from illegal online betting activities controlled through entities associated with the main promoter of the platform.
March 25, 2026
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Insolvency and Bankruptcy Code reform focuses on faster resolution, out-of-court settlements, and cross-border insolvency provisions.
The Insolvency and Bankruptcy Code is described as a revival and resolution framework that has generated substantial recoveries through resolution of bankrupt companies and improved creditor-debtor discipline. The proposed amendment bill seeks to reduce the time taken for admission of insolvency resolution applications, speed up case clearance, support out-of-court resolution, and address cross-border insolvency and discretionary provisions.
March 25, 2026
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Power tariff unchanged as the commission prioritizes revenue neutrality, loss reduction, and efficiency in electricity distribution.
The Haryana Electricity Regulatory Commission kept power tariff unchanged for the 2026-27 financial year and treated the Annual Revenue Requirement of the distribution licensees as revenue-neutral despite a projected revenue gap. The order linked the decision to improved efficiency in revenue collection, receivables management, power procurement and loss reduction, while also fixing distribution loss levels and directing feeder-level monitoring to curb losses.
March 25, 2026
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Permanent Establishment audit reporting governs royalty and technical fees income for non-residents under the prescribed form.
Form No. 24 is a prescribed audit report for non-residents, foreign companies, and other non-resident entities deriving royalty or fees for technical services from India through a Permanent Establishment or fixed place of profession in India. It is certified by an Accountant and is mandatory where such income is effectively connected with the Indian Permanent Establishment or fixed place of profession. The form requires books of account, supporting documents, annexures, and electronic certification details, and is furnished annually before the return due date. Furnishing and acceptance of the form support assessment on a net income basis.
March 25, 2026
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Skill Development Project notification under income tax law links approval, audit compliance, and renewal conditions for eligible companies.
Form 23 is the CBDT notification form for an approved Skill Development Project under Section 47(1)(b) of the Income-tax Act, 2025 read with Rules 39 and 40. It is issued after Form 22 is examined and recommended by NCVET, and it specifies the approved Tax Year(s), project particulars, conditions, and validity for up to three Tax Years. The framework requires separate books, audit, prescribed reporting, compliance with notification conditions, and permits renewal or revocation depending on project performance and statutory compliance.
March 25, 2026
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Skill development project notification governs approval, tax-year limits, conditions, and compliance for income-tax benefits.
Form 23 is the income-tax notification form for an approved skill development project under Section 47(1)(b) of the Income-tax Act, 2025, issued after approval under Rule 39. It notifies the project in the Official Gazette, specifies the approved tax years, and sets the terms, duration, and expenditure limits. The notification is issued by the Central Board of Direct Taxes on recommendation of NCVET, and contains the company's particulars, project details, training institute details, approved tax years, estimated expenditure, and attached conditions.
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.

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HIGHLIGHTS AT 5 PM

March 30, 2026

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New Delhi, Mar 30 (PTI) Following are the top stories at 5 pm: NATION DEL36 PM-POLLS-LD ASSAM

Infiltration not just a poll issue, it is about safeguarding identity and national security: PM Modi New Delhi: Accusing the Congress of "allowing" land grabbing by infiltrators, Prime Minister Narendra Modi said on Monday that infiltration into Assam is not just an election issue but is about safeguarding the identity of the state and national security.

PAR11 LS-FM-INSOLVENCY

Insolvency law main factor in improving health of country's banking sector: FM in Lok Sabha New Delhi: Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country's banking sector, including recovery of non-performing assets.

CAL25 BH-NEW-CM-LD SPECULATIONS

With Nitish resigning as MLC, countdown begins for his exit as Bihar CM Patna: With Bihar Chief Minister Nitish Kumar giving up his membership of the state legislative council, speculations are now rife about who would head the new government, to be formed after the JD(U) president relinquishes the seat of power.

DEL50 CENSUS-LD DATA

Individual data to remain confidential; not to be used for scheme benefits: Census commissioner New Delhi: The Registrar General and Census Commissioner of India, Mritunjay Kumar Narayan, on Monday asked people to provide accurate information to census enumerators, asserting that individual data will remain confidential and cannot be used as evidence or to obtain any benefit under any scheme.

MDS27 TN-POLLS-VIJAY-2NDLD NOMINATION

Vijay files nomination from Perambur in Chennai, appeals to people to give chance to 'whistle' Chennai: TVK chief, actor-politician Vijay on Monday filed his nomination to contest Assembly polls from Perambur constituency in Chennai and appealed to the people to give an opportunity to his party TVK and vote for the party's whistle symbol on April 23.

MDS24 TN-POLLS-CM-2NDLD NOMINATION

TN CM files nomination from Kolathur constituency in Chennai Chennai: Tamil Nadu Chief Minister and DMK President M K Stalin on Monday filed his nomination from Kolathur Assembly constituency in Chennai for the April 13 election.

DEL29 DL-LASHKAR-LD ARREST

LeT handler Shabir Ahmed Lone held in Delhi’s Ghazipur; foreign currencies, SIM seized New Delhi: The Special Cell of Delhi Police has arrested a suspected Lashkar-e-Taiba (LeT) handler, Shabir Ahmed Lone, from the Ghazipur area here, officials said on Monday.

BUSINESS DEL48 BIZ-IIP

Industrial output grows 5.2 pc in February New Delhi: India's industrial production grew 5.2 per cent in February, mainly due to improvement in manufacturing sector, according to official data released on Monday.

LEGAL LGD3 SC-LAND DISPUTES

Plea in SC seeks to establish revenue judicial service for land disputes New Delhi: Contending that non-qualified legal professionals were deciding land disputes, a PIL has been filed in the Supreme Court seeking directions to establish a revenue judicial service, and prescribe minimum legal qualification and training module for public servants adjudicating such matters.

FOREIGN FGN36 KUWAIT-INDIAN-2NDLD-KILLED

West Asia Crisis: Indian national killed in attack on Kuwaiti water desalination plant Dubai: An Indian national has been killed in Kuwait in Iranian strikes on a power and water desalination plant, taking the total number of Indian fatalities from the ongoing conflict in West Asia to eight since it began a month back.

FGN30 NEPAL-POLITICS

Protests continue in Nepal over former PM Oli’s arrest for third consecutive day Kathmandu: Protests continued in Nepal for the third consecutive day following the arrest of former PM K P Sharma Oli over suppression of Gen Z protests last year, even as authorities intensified probe against three ex-prime ministers over money laundering. By Shirish B Pradhan

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