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March 28, 2026
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Pass-through taxation for venture capital income requires annual reporting through Form 74 with investor-wise income details.
Form 74 is the annual statement required from a Venture Capital Company or Venture Capital Fund registered with SEBI when income is paid or credited to investors from investments in Venture Capital Undertakings. The form records fund details, compliance declarations, income classification, proportions of income heads, and investor-wise particulars. It is filed electronically under digital signature by 15 June of the following financial year, after verification by a qualified accountant, and is supported by the SEBI registration certificate, fund deed where applicable, audited accounts, and certified income distribution records.
March 28, 2026
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Government dated securities issuance calendar sets auctions, retail bidding reservation, greenshoe flexibility, and monthly switch buybacks.
Indicative issuance calendar for Government of India dated securities, including Sovereign Green Bonds, is released for the first half of the fiscal year 2026-27. The auctions include a non-competitive bidding facility reserving five per cent of the notified amount for specified retail investors, and the Government of India may modify the calendar, issue different types of instruments, exercise the greenshoe option, and conduct switch or buyback auctions subject to the applicable general notification.
March 28, 2026
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Government borrowing plan finalised with dated securities, green bonds, treasury bills and liquidity support arrangements.
Government borrowing for the first half of FY 2026-27 has been finalised in consultation with the Reserve Bank of India, through dated securities, sovereign green bonds and treasury bills. The plan distributes borrowing across weekly auctions and multiple maturities, provides for switching and buyback of securities to smoothen the redemption profile, reserves a greenshoe option, and sets the Ways and Mean Advances limit to address temporary mismatches in government accounts.
March 28, 2026
Show AI Summary
Treasury bill issuance calendar fixes quarterly auction schedule and preserves flexibility to adjust timing and amounts as needed.
Treasury bill issuance calendar for the quarter ending June 2026 fixes the proposed auction and issue schedule for 91-day, 182-day and 364-day Treasury Bills through weekly auctions in April, May and June 2026. The Government of India, in consultation with the Reserve Bank of India, retains flexibility to modify the indicated auction amounts and timing depending on requirements, evolving market conditions and other relevant factors, after due notice to the market. The calendar is subject to change where circumstances so warrant, and auctions remain subject to the governing notification and its amendments.
March 28, 2026
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Insurance for All by 2047 drives Oriental Insurance growth, with premium milestone and expanded risk protection offerings.
Oriental Insurance Company Limited has crossed a gross premium milestone for FY 2025-2026, reflecting growing trust in public sector insurance institutions and alignment with the Government's objective of expanding financial inclusion under the vision of Insurance for All by 2047. Growth is attributed to strong contributions from Group Personal Accident, Health, Fire and Motor insurance portfolios, together with innovative offerings and planned new products addressing evolving risk needs.
March 28, 2026
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Investor facilitation camps streamline unclaimed dividends, unclaimed shares, and IEPF claim redressal through single-window support.
Investor facilitation camps under the Investor Education and Protection Fund framework provide single-window support for claim redressal, unclaimed dividends, unclaimed shares and pending IEPFA claims. The Bhubaneswar "Niveshak Shivir" offered on-the-spot KYC and nomination updates, direct interaction with company representatives and RTAs, and assistance through a Search Facility Help Desk for identifying unclaimed investments transferred to the IEPF. Participants were guided on locating potential claims and proceeding through Form IEPF-5.
March 28, 2026
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Startup ecosystem collaboration expands support for fuel-tech innovation, market access, mentorship and technology-driven solutions.
Structured support for startups in fuel-tech, manufacturing, deep-tech and allied sectors is to be advanced through a memorandum of understanding. The collaboration covers innovation challenges and hackathons, investor connect programmes, skill development initiatives, pilot opportunities and market access for early-stage innovators. It also seeks to support startups from ideation through prototyping, use the Startup India platform for wider outreach, and strengthen industry-startup linkages for technology-driven solutions and indigenous innovation.
March 28, 2026
Show AI Summary
Pass-through taxation for venture capital income through Form 74, with online filing and investor-level reporting requirements.
Form 74 is a statement to be furnished by a Venture Capital Fund or Venture Capital Company in relation to income paid or credited to investors for section 222. It is filed online by the specified fund or company by 15 June of the following financial year, with supporting registration, deed, audited accounts, and certified income distribution records kept in possession. The form supports pass-through taxation, so the income is reported in the hands of investors according to its character.
March 28, 2026
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Decriminalisation and proportionate regulation reshape compliance through civil penalties, graded enforcement, and faster adjudication.
The Jan Vishwas (Amendment of Provisions) Bill, 2026 proposes amendment of 784 provisions across 79 Central Acts and decriminalisation of 717 provisions to promote Ease of Doing Business, together with 67 amendments to facilitate Ease of Living. It shifts minor, technical, or procedural defaults from criminal penalties to civil and administrative enforcement, including warnings, monetary penalties, graded enforcement, and rationalisation of fines in proportion to the offence. The Bill also provides for Adjudicating Officers and Appellate Authorities to support time-bound enforcement and natural justice.
March 28, 2026
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Consensus-based WTO reform: India urges inclusive, member-driven negotiations, development concerns, and safeguards against multilateral fragmentation.
Consensus-based decision-making was emphasised as central to the WTO's legitimacy, with India calling for reform discussions to address structural asymmetries inherited from the Uruguay Round and to preserve the sovereign right of Members not to accept rules they do not agree to. India supported a careful stock-take of the current impasse, with reform deliberations conducted in a transparent, inclusive and Member-driven manner, and warned that fragmentation within the institutional framework would weaken the multilateral trading system.
March 28, 2026
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Duty Deferment Scheme for manufacturer importers eases liquidity, speeds clearance, and supports compliant monthly duty payment.
Duty Deferment Scheme for Eligible Manufacturer Importers permits deferred payment of import duties for qualifying manufacturer importers, with duties payable monthly after goods are cleared. The scheme is framed as a trade facilitation measure to improve liquidity, support faster cargo clearance, reduce dwell time, strengthen import planning and inventory management, and enhance supply chain efficiency and payment discipline. Eligibility depends on a valid importer-exporter code, prescribed EXIM filing history, GST compliance, financial solvency, and a clean compliance record. Applications are submitted online through the AEO portal without physical interface.
March 28, 2026
Show AI Summary
Pass-through income reporting through Form 73 enables securitisation trust investors to classify income correctly for tax returns.
Form 73 is the investor-wise statement furnished by a Securitisation Trust under the pass-through income framework. It is auto-generated from Form 72 and records income paid, credited or deemed to be credited during the tax year so that investors can report the income under the correct heads in their return. The form is not separately filed with the department; it is downloaded, verified and furnished to each investor by the trust. It includes trust particulars, investor details, head-wise income breakup, verification by the authorised person, and the date of payment or credit.
March 28, 2026
Show AI Summary
Securitisation trust income reporting through Form 73 enables investor disclosure, income classification, and pass-through compliance.
Form 73 is the prescribed statement of income distributed by a securitisation trust to each investor under section 221. It is not filed separately, but generated as a child form from the parent Form 72 by the person responsible to pay on behalf of the securitisation trust, and then furnished to each investor. The form is auto-generated through the e-filing portal from the data filed in Form 72, with no separate documents required and no offline filing facility.
March 28, 2026
Show AI Summary
Pass-through taxation for securitisation trusts drives Form 72 reporting, investor statements, and income classification compliance.
Form 72 is the annual consolidated statement required from every securitisation trust for reporting income paid or credited to investors under section 221 of the Income Tax Act, 2025, and is filed electronically under rule 145. The form captures trust particulars, registration details, total income by head, investor-wise income distribution, authorised-person verification, and accountant certification. It is due by 15 June of the financial year following the tax year, and supports the pass-through taxation mechanism by enabling Form 73 statements to be auto-generated for investors after filing.
March 28, 2026
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Foreign tax credit compliance through Form No. 45 requires electronic intimation after dispute settlement and supporting undertakings.
Form No. 45 is a new electronic intimation form for a resident assessee to report settlement of a dispute relating to foreign tax for which credit was not earlier claimed, where foreign tax credit is now intended to be claimed. Filing is mandatory in the specified circumstances, must be made through the Income-tax e-filing portal, and is due within six months from the end of the month in which the dispute is finally settled after Form No. 44 has been filed. The form requires supporting evidence, undertakings, and accountant verification in cases where Form No. 44 required such verification.
March 28, 2026
Show AI Summary
Foreign tax credit intimation form streamlines settlement-based claims for previously unclaimed credit under the filing rules.
Form No. 45 provides a structured electronic intimation for settlement of dispute regarding foreign tax for which credit was not claimed. It applies to a resident assessee with foreign income who seeks foreign tax credit after the dispute is finally settled, where Form No. 44 had already been filed for the relevant tax year. The form must be filed within six months from the end of the month in which the dispute is finally settled, with supporting documents, and must be verified by an accountant where Form No. 44 required accountant verification.
March 28, 2026
Show AI Summary
Securitization trust income reporting through Form 72, with online filing, prescribed records, and pass-through taxation compliance.
Form 72 is the statement of income paid or credited by a securitization trust to its investors. It must be furnished to the Income-tax Department online by the person responsible for paying or crediting income on behalf of the trust, by 15 June of the financial year following the tax year in which the income was paid or credited. Filing requires the trust's books, audited financial statements, income details from securitised assets, investor particulars, distribution records, and the applicable registration certificate.
March 28, 2026
Show AI Summary
Audit report compliance for offshore banking unit investment divisions governs exemption and concessional taxation claims under income tax rules.
Form 71 is the mandatory audit report for a registered investment division of an offshore banking unit where a specified fund seeks exemption under section 11 read with Schedule VI or concessional taxation under section 210(3) of the ITA 2025. It certifies fulfilment of the prescribed eligibility conditions, including separate books, audit by an accountant, relevant documentation, and filing by the specified date. The form is filed electronically with supporting records and, when validly furnished, supports the claim to exemption or concessional rates.
March 28, 2026
Show AI Summary
Tax exemption compliance for specified funds depends on timely electronic filing of Form 71 and accountant verification.
Form 71 is the prescribed audit report for verification by an accountant in respect of the computation of exempt income of a specified fund attributable to the investment division of an offshore banking unit. It is linked to the claim of exemption or taxation at concessional rates for eligible income, and its filing is one of the conditions for admissibility of that claim. The form must be filed electronically on the income-tax e-filing portal and verified by the accountant either through digital signature or electronic verification code. It cannot be filed offline, and once validly submitted and acknowledged it cannot be edited.
March 28, 2026
Show AI Summary
Specified fund compliance for Form 70 governs exempt income reporting and concessional taxation claims for offshore banking units.
Form 70 is the prescribed e-form for a specified fund to furnish the annual statement of exempt income attributable to the investment division of an offshore banking unit under section 11 read with Schedule VI, together with income taxable at concessional rates under section 210(3) of the ITA 2025. Filing is mandatory for a specified fund seeking exemption or concessional taxation and must be made electronically on the e-filing portal by the due date, with supporting documents, verification by the Trustee or Principal Officer, and the audit report in Form 71 certifying separate accounts and audit of the eligible investment division.

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Oppn playing politics on West Asia crisis, alleges Rijiju amid heated exchanges with LoP Kharge

April 1, 2026

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New Delhi, Apr 1 (PTI) The Rajya Sabha on Wednesday witnessed sharp exchanges between Leader of Opposition Mallikarjun Kharge and Parliamentary Affairs Minister Kiren Rijiju, who accused the opposition of indulging in politics at a time when the country should be united in the face of the West Asia conflict.

Tempers flared up as Kharge questioned why the government was not holding a discussion on the West Asia crisis in Parliament and attacked Prime Minister Narendra Modi for not being present at the all-party meeting on the issue.

Rijiju hit back at Kharge, accusing him of failing to uphold the dignity of his post by making "irresponsible" statements and "abusing" the prime minister.

He said none of the Leaders of Opposition (LoPs) attended the all-party meeting, adding that it was unfortunate that the opposition was "playing politics" over the issue.

Kharge condemned the minister's remarks and demanded that he withdraw them. He also accused the ministers of being "dummy", alleging that they held no powers.

"Should we attend to listen to your lecture? What authority do you have? You are all dummy ministers. You don't have power. I condemn such a statement," the Leader of Opposition said.

Rijiju said the Leader of Opposition should talk responsibly while upholding the dignity of the position he holds. "He does not uphold the dignity of his position. He himself gives irresponsible statements. Their Leader of Opposition in Lok Sabha also is like that ...," the minister alleged.

Earlier, after Chairman C P Radhakrishnan announced the start of the Question Hour, Rijiju urged the House to sit till late in the evening to take up the government agenda listed for the day.

The Chairman said the House will skip lunch for the day and will sit till late in the evening to clear the government's legislative business, which includes the Central Armed Police Forces (General Administration) Bill 2026 and The Insolvency and Bankruptcy Code (Amendment) Bill, 2026.

The government has also listed a statutory resolution for levying Special Additional Excise Duty on Aviation Turbine Fuel (ATF) with a prescribed rate of Rs 50 per litre on ATF.

Rijiju said the BJP is ready to sacrifice some of the allotted time remaining with it on the CAPF Bill. "I will not tell other members to sacrifice their time, but we will sacrifice our time as some of our members will speak but for a lesser time. If it is required, we can sit a little after 6 PM," he said.

Reacting to it, Kharge accused the government of forcing its agenda while failing to pay heed to the opposition's concerns. "They bring bills whenever they want. They are ready for a discussion anytime and come out with a statement anytime." The Leader of Opposition said he has written to the Chair twice for taking up a short-duration discussion on the West Asia conflict, but no time has been allotted. "The entire world is suffering due to LPG, gas and other things and prices are rising here. But why are they not agreeing to a discussion?" "Whatever we suggest, they disagree. And, whatever they want, they put (in the agenda) and declare forcibly with a voice vote. What is this? Is it democracy?" he asked.

Addressing the Chairman, he said, "We thought that after you came, the opposition would get more justice." The Chairman countered Kharge, saying, "You are getting more time than the treasury benches; I will give you the data." Rijiju then said that many members raised the West Asia issue in the business advisory committee meeting, where it was stated that the government is not running away from a discussion.

"What the Leader of Opposition is saying is not right. Firstly, the ministers concerned made their statements in both the Lok Sabha and the Rajya Sabha. Then the prime minister made a detailed statement in Parliament.

"There is a problem here. They want to speak what they want, but they don't want to listen. It is just the opposite happening here. They accuse us but don't listen to the government here," the Parliamentary Affairs minister said.

He said that when an all-party meeting on the West Asia crisis was convened, none of the leaders of the opposition from both Lok Sabha and Rajya Sabha attended, even though Congress members and those of other opposition parties were present.

During the discussion on the finance bill, he said, opposition members only spoke about LPG, petrol and diesel. He said the finance minister gave a detailed reply, and the prime minister had a detailed discussion with state chief ministers via video conferencing.

He said the finance minister told both Lok Sabha and Rajya Sabha about the steps taken to tackle the crisis and to control the prices, as they have skyrocketed across the world, while there has been no increase in India.

The excise duty has been reduced and "despite handling the situation so well, you (opposition) play politics on the issue", Rijiju lashed out at the opposition.

"Is this an issue to play politics on. There is a crisis in our neighbourhood from where petrol and gas are supplied. The war is not happening because of us. In such a crisis, the opposition is playing politics. It is so unfortunate. This is time for the entire country to stand united. This is not the time for playing politics," Rijiju said.

Countering Rijiju, Kharge said, "Where was your prime minister. Where was he? You were there as the government representative; I had also sent our representative. Your prime minister was not there. Should we attend to listen to your lecture? What authority do you have...." Hitting back, Rijiju said they have always given respect to the Leader of Opposition.

"They only indulge in abusing the prime minister, both inside and outside the Parliament, day in and out. We consider the leader of opposition as senior and think he would talk responsibly while upholding the dignity of the position he holds.

"He does not uphold the dignity of his position. He himself gives irresponsible statements. Their leader of opposition in Lok Sabha also is like that ...," the minister alleged.

The Chairman then announced that the Question Hour will be taken up. PTI SKC RT

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