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March 29, 2026
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E-commerce customs duty moratorium extension faces split views as members debate digital trade and revenue implications.
World Trade Organisation members are negotiating whether to extend the moratorium on customs duties on electronic transmissions, including digital downloads and streaming, as the current extension is due to expire. Members remain divided on the duration of any further extension, with some opposing renewal or preferring a short extension and others seeking a longer period. The issue is linked to ongoing concerns over the treatment of digital imports and the scope of the duty ban that has been periodically renewed since 1998.
March 29, 2026
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Misdeclared import consignment leads to seizure of hydroponic marijuana at airport and arrest of one person.
Customs authorities at Pune International Airport seized a consignment of hydroponic marijuana that had been declared as food items and packed in boxes labelled as "Mandarin orange sacs". The goods arrived from Bangkok, and inspection revealed sealed tin cans containing a vacuum-sealed pack of hydroponic marijuana. The entire consignment yielded 76.58 kg of the contraband, and one person was arrested in connection with the seizure.
March 29, 2026
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Trade agreement negotiations advance as India discusses Canada, UK, EU and New Zealand economic cooperation priorities.
India and Canada discussed expediting negotiations for a comprehensive economic partnership agreement, alongside cooperation in high-tech sectors, clean energy transition, nuclear energy, agriculture, and critical minerals. India and the United Kingdom reviewed implementation of the comprehensive economic and trade agreement, with both sides completing their respective approval processes and looking forward to its entry into force. India and the European Union reviewed progress on the recently concluded free trade agreement, while India and New Zealand discussed preparations for the prime minister's upcoming visit.
March 29, 2026
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Strait of Hormuz shipping disruption eases as Indian LPG tankers safely transit and support domestic fuel supply.
Safe transit of Indian-flagged LPG tankers through the Strait of Hormuz has been maintained despite conflict-related disruption to shipping in the region. The passage of additional carriers, together with earlier arrivals of LPG, crude oil and gasoline vessels, has helped support India's fuel supply chain at a time when the country depends heavily on imported LPG for domestic cooking gas demand. Continued maritime monitoring, coordination for vessels remaining in the western Persian Gulf, and repatriation of Indian seafarers have also been facilitated.
March 29, 2026
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Jet fuel taxation relief is being explored to ease airline operating costs amid West Asia conflict pressures.
Measures are being explored to reduce the impact of the West Asia conflict on airlines, including discussions with state governments on lowering taxes on jet fuel. Airlines are facing higher operating costs because of surging oil prices, airspace curbs, and longer flight routes, with aviation turbine fuel forming a substantial part of total expenses and value added tax on such fuel varying across states.
March 29, 2026
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Tea land transfer concerns prompt calls for clear guidelines, labour law harmonisation, and protection of industry liabilities.
Tea planters' body has sought clear guidelines before implementation of the amended law for transfer of housing line land to tea garden workers, citing administrative, financial and legal complications where land is mortgaged and labour quarters are company-built assets. It has also pointed to continuing management responsibility for housing and welfare amenities under labour law, urged full recognition of in-kind benefits for wage computation, requested release of pending subsidy payments, and called for policy support, market diversification, quality control, and a minimum sustainable price for made tea.
March 28, 2026
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National unity and aviation expansion drive highlighted as leaders urge restraint amid global crises and promote regional growth.
Prime Minister urged unity and restraint in responding to global crises, warning political parties against divisive remarks that may harm national interests. He linked the inauguration of Noida International Airport, its cargo terminal and MRO facility to a broader push for connectivity, regional growth and lower travel costs. The address also highlighted aviation expansion, the UDAN scheme, logistics development, transport infrastructure and self-reliance in the MRO sector.
March 28, 2026
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Aviation and infrastructure policy drive regional growth, affordable travel, domestic maintenance capacity and reduced import dependence.
Government policy on aviation, infrastructure and energy is presented as part of a broader strategy to advance economic development, improve citizen convenience and strengthen national resilience amid global disruption. The address emphasised safeguarding the interests of families and farmers, reducing costs and saving time, while maintaining calm and unity during external crises. It also highlighted the inauguration of Noida International Airport as a transport and logistics hub, the expansion of the UDAN scheme, development of domestic maintenance, repair and overhaul capacity, and ethanol blending as a measure to reduce crude oil imports and foreign exchange outgo.
March 28, 2026
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BFSI innovation platform brings together digital banking, cybersecurity, AI solutions, and regulatory dialogue for industry leaders.
IBEX India 2026 is presented as a dual-track BFSI platform combining a trade exhibition and a leadership conference to showcase and strategise innovation in banking and financial services. The exhibition brings together technology providers, fintech participants and BFSI solution specialists to present banking technologies, cybersecurity tools, AI-driven solutions, IT infrastructure services, KYC and onboarding solutions, surveillance systems and payment services intended to improve operational efficiency. The conference discusses digital transformation, cybersecurity resilience, the interaction between traditional banking and fintech, and the evolving regulatory landscape, including the growing role of AI.
March 28, 2026
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Trade transparency and WTO reform need capacity-building, not retaliation, to ensure fair compliance and multilateral balance.
Trade transparency under the WTO Technical Barriers to Trade framework requires members to share information on trade policies, subsidies and regulatory measures, but India has cautioned that transparency must not be weaponised to justify trade retaliation or challenge legitimate domestic policies. It stressed that disclosure obligations should be backed by sustained capacity-building support so all members, especially developing countries, can meet them fairly and effectively. India also supported time-bound WTO reform with milestones, robust evidentiary analysis and a member-driven consensus process.
March 28, 2026
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Panic buying and hoarding control take priority as Odisha urges supply stability amid the West Asia conflict.
Amid the West Asia conflict, the Odisha Chief Minister urged people to avoid panic buying and unnecessary purchasing so that supply chains remain stable and essential commodities continue to be available without disruption. The state government stated that accurate information would reach citizens and that hoarding and black marketing would be strictly prevented. He also welcomed the Central government's excise duty cut on petrol and diesel as a timely measure to shield consumers from rising global oil prices and support economic stability, energy security, and essential supplies.
March 28, 2026
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Customer-centric AI-led banking platforms drive Nucleus Software's long-term digital transformation strategy and global expansion.
Nucleus Software marked 30 years of listing on the Bombay Stock Exchange, describing the milestone as evidence of strong governance, disciplined execution and sustained value creation. The company said its growth has been driven by customer-centricity and domain-led innovation, with digital lending and transaction banking platforms supporting financial institutions across multiple countries. It stated that FinnOne Neo and FinnAxia are designed to improve operations through scalable, cloud-ready and API-driven architecture, with AI-led capabilities central to its strategy.
March 28, 2026
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Insolvency resolution process abuse allegations prompt refusal of interim protection and no-coercive-step relief in a fraud-linked FIR challenge.
Interim protection was declined in a fraud-linked FIR arising from a corporate insolvency process, as the investigation was at a nascent stage and the court was not inclined to stay the probe without hearing both sides. The request for a no-coercive-step order was also refused, while the investigating agency was directed to file a status report. The FIR concerns allegations of manipulation of the resolution process, acquisition of valuable land at a fraction of its market value, and structured financial flows through related entities.
March 28, 2026
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Pass-through income reporting through Form 75 requires timely furnishing by venture capital funds and companies.
Form 75 is the statement of income paid or credited by a Venture Capital Company or Venture Capital Fund to a person liable to tax under section 222. It is a child form of Form 74, not filed separately, and is automatically generated from Form 74 data through the e-filing portal with no separate documents or attachments. The form must be furnished to each investor by 30 June of the following financial year and is a mandatory compliance requirement.
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
Show AI Summary
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
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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.

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Unusual extension of Budget session that saw passage of key bills despite Oppn uproar

April 2, 2026

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New Delhi, Apr 2 (PTI) The second half of the Budget session of Parliament that saw the passage of some key legislations despite opposition uproar got an unusual extension with the government reconvening both the houses on April 16.

Lok Sabha and Rajya Sabha were adjourned Thursday and will again meet on April 16 for three days for taking up key legislations to implement women's reservation by increasing Lok Sabha seats from the current 543 to 816.

The second half of the budget session that started on March 9 was to end on April 2, but both the houses were not adjourned sine die after the conclusion of business.

Parliamentary Affairs Minister Kiren Rijiju informed Rajya Sabha that some "key legislations" would be taken up during the extended sitting and the houses would not be adjourned indefinitely.

The second part of the session saw the passage of the Finance Bill 2026-27 and the Demands for Grants for various ministries, apart from the Appropriation Bill, thus completing the budgetary exercise in Parliament.

Finance Minister Nirmala Sitharaman replied to the discussion on the Finance Bill in both the houses and answered queries raised by the members.

The session started in the shadow of the West Asia crisis after US-Israel attacked Iran on February 28, with opposition demanding a discussion on the issue.

However, Prime Minister Narendra Modi, External Affairs Minister S Jaishankar and Petroleum and Natural Gas Minister Hardeep Singh Puri, gave statements on the West Asia conflict and its impact on India. The Opposition created uproar, claiming that their queries were not answered.

The Opposition also staged several protests both inside and outside Parliament on the shortage of oil and LPG, even as the government accused it of trying to spread rumours to create unrest among people.

Both Rajya Sabha and Lok Sabha witnessed high productivity during the budget session, with 100 and 79 per cent respectively, according to PRS Legislative Research.

While Lok Sabha spent over 50 per cent time on financial business and 20 per cent on other legislations, Rajya Sabha spent around 35 per cent on financial business and 17 per cent on legislations, besides 50 per cent on non legislations.

The Opposition staged walkout in both houses during passage of crucial bills, claiming that they were dissatisfied with the response of the government.

As many as seven bills were introduced in both the houses, of which five were passed during the second part of the session.

These included The Central Armed Police Forces (General Administration) Bill, 2026, The Andhra Pradesh Reorganisation (Amendment) Bill, 2026, The Transgender Persons (Protection of Rights) Amendment Bill, 2026, The Jan Vishwas (Amendment of Provisions) Bill, 2026, and The Insolvency and Bankruptcy Code (Amendment) Bill, 2025.

There was Opposition uproar on the Central Armed Police Forces (General Administration) Bill, which demanded that the bill be sent to a Parliamentary panel for further scrutiny as it went against a Supreme Court ruling restricting the number of IPS officers in central armed forces.

The legislation seeks to create a unified legal framework governing personnel across different Central Armed Police Forces (CAPFs), replacing the current patchwork of separate service-rule regimes for the five central forces.

The Andhra Pradesh Reorganisation (Amendment) Bill, 2026 saw Parliament gave its nod to Amaravati as the new capital of Andhra Pradesh after amending the original act of 2014.

The Transgender bill sought to amend a law on protection and rights of transgender persons that proposes excluding social orientations from the ambit of the statute, with Rajya Sabha giving its nod, even as opposition members pressed for sending it to a select committee.

The bill also provides for graded punishment based on the gravity of harm inflicted on such people.

The Opposition also created din in both houses on the Transgender Bill, saying the rights of gays and lesbians have not been taken care of by the government and termed the bill as discriminatory.

The Jan Vishwas (Amendment of Provisions) Bill sought to amend 784 provisions in 79 central laws for decriminalising and rationalising minor offences to further improve business environment and check harassment of people.

The Insolvency and Bankruptcy Code (Amendment) Bill sought to provide faster resolution of stressed firms and reduce case backlog. Finance Minister Sitharaman emphasised that the intent is not to liquidate companies but to help them run with guardrails.

However, The Foreign Contribution (Regulation) Amendment Bill, 2026 was not taken up by the government during the session, following strong objections from the opposition. The Corporate Laws (Amendment) Bill, 2026, was sent to the Parliamentary Committee for further scrutiny.

The session also saw the suspension of eight opposition MPs being revoked, after Lok Sabha passed a motion in this regard. They were suspended during the first part of the budget session, when they created uproar in Lok Sabha for disallowing Leader of Opposition Rahul Gandhi to speak in the house. PTI TEAM SKC ZMN

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