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    Meerut police unearths GST fraud racket, arrests gang member
    Asian shares mostly gain while oil prices keep rising
    Indian-origin couple jailed for operating UK companies despite ban
    Economists see RBI holding rates in April policy review on inflation fears amid West Asia crisis
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    UPSIDA, JNPA sign pact to position Lalitpur Pharma Park as global export hub
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April 6, 2026
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GST fraud racket exposed through fake firms, false invoices, and e-way bill manipulation linked to tax evasion.
Police in Meerut district unearthed a GST fraud racket involving fictitious firms, fake invoices, and wrongful accumulation of input tax credit. The gang allegedly used fake Aadhaar and PAN cards to set up companies, filed fraudulent GST returns, and manipulated e-way bills to evade tax and cause a revenue loss of about Rs 17 crore. One accused was arrested on the basis of a tip-off and technical evidence, and the investigation disclosed collusion with an accomplice and other persons involved in the racket.
April 6, 2026
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Geopolitical uncertainty lifts Asian shares as rising oil prices and Strait of Hormuz fears dominate markets.
Asian shares mostly rose as investors monitored rising oil prices and uncertainty surrounding the Iran war and the Strait of Hormuz. Japanese and South Korean benchmarks advanced, while crude prices climbed on fears that the conflict could prolong global supply risks. Market sentiment remained dominated by geopolitical uncertainty and expectations of further developments from the United States.
April 5, 2026
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Director disqualification breach and company control led to suspended prison sentences, fresh bans and confiscation proceedings.
Director disqualification was imposed after unchallenged findings that a company had wrongfully claimed funds from HM Revenue and Customs in connection with a tax fraud scheme. Despite the ban on running, managing, promoting or otherwise being involved in UK-registered companies, the director continued to control two pharmaceutical-related companies, and a spouse was found to have aided and abetted the breach while acting as the formal director of one company. The article also notes suspended prison sentences, fresh disqualifications and confiscation proceedings under the Proceeds of Crime Act 2002.
April 5, 2026
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Inflation risks from crude oil and currency volatility may keep the repo rate unchanged in the April review.
The Reserve Bank of India is expected to keep the benchmark repo rate unchanged in its April monetary policy review, with economists attributing the likely pause to rising inflation risks from geopolitical tensions in West Asia, firm crude oil prices, and sharp currency volatility. The expected policy approach is cautious and watchful, with the monetary policy stance likely to remain neutral amid uncertain global conditions and closer monitoring of inflation data before any further action. Economists also expect the review to focus more on inflation management, with possible upward revision of inflation projections if elevated crude prices persist.
April 5, 2026
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Refinery transfer pricing discount squeezes standalone refiners as fuel price freeze keeps retail rates unchanged.
State-run oil marketing companies have fixed discounted refinery transfer prices for petrol, diesel, aviation turbine fuel and kerosene in response to a freeze on retail fuel prices and rising global crude oil costs. The revised pricing reduces refinery receipts below import-parity-linked costs and is expected to affect standalone refiners more sharply than integrated oil companies, because the latter can partly offset losses across refining and marketing operations.
April 4, 2026
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Pharmaceutical exports continue steady growth as India targets wider markets, stronger regulation and long-term expansion.
India's pharmaceutical exports continued to grow, with exports up to February exceeding USD 28 billion and rising 5.6 per cent year-on-year, led by formulations, biologicals, vaccines and AYUSH products. Industry representatives said the sector is likely to end the financial year broadly in line with the previous year, despite global pricing pressure and trade volatility, while future growth is expected through policy prioritisation, market diversification, foreign direct investment and improved regulatory efficiency.
April 4, 2026
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Supply chain disruption from West Asia crisis threatens Indian exports, imports, and pharma inputs as government diversifies sourcing.
The West Asia crisis is disrupting Indian imports and exports, with energy and regional trade flows under pressure. A prolonged conflict could also affect exports to other regions by altering supply chains and value chains, while the government seeks to minimise disruption and diversify imports. The pharma sector is facing impact from shortages of intermediates and solvents, and supply chain resilience is being prioritised.
April 4, 2026
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Maritime supply continuity keeps LPG inflows moving despite Strait of Hormuz disruption and regional shipping tensions.
Continued LPG inflows to India are reported despite disruption in the Strait of Hormuz, with an Indian-flagged tanker safely transiting the waterway and an Iranian LPG cargo reaching Mangalore for discharge. Maritime authorities are monitoring vessel movements, port operations and crew safety, while coordinating with ship owners, Indian missions and the Directorate General of Shipping. Several Indian-flagged vessels remain stranded on the western side of the strait, though seafarers are safe and port operations across India remain normal.
April 4, 2026
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Identity misuse in tax notices triggers fraud and forgery inquiry over alleged business run using Aadhaar and PAN details.
Identity misuse was alleged after a farmer received income tax and GST notices for dues linked to a firm allegedly operated in his name in Delhi. He said he had never travelled to Delhi or formed any business enterprise, and preliminary inquiry reportedly found that the firm used his Aadhaar and PAN details. A complaint was submitted to the district administration, which constituted a two-member team to investigate the suspected fraud and forgery involving misuse of identity documents and resulting tax demands.
April 4, 2026
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Pharmaceutical exports growth reflects strong global demand, diversified markets and compliance-led expansion despite pricing pressures.
India's pharmaceutical exports continued to expand despite global pricing pressure and trade volatility, with outbound shipments reaching over USD 28 billion up to February of the current financial year and recording growth of 5.6 per cent over the corresponding period in the previous year. Export growth was led by formulations, biologicals, vaccines and AYUSH products, while the sector's total export performance in the preceding financial year also showed strong year-on-year growth. Pharmexcil indicated that export expansion would depend on policy prioritisation, market diversification, increased foreign direct investment inflows and improved regulatory efficiency, with a medium-term export target of USD 65 billion by 2030.
April 4, 2026
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Crude import flexibility keeps India's fuel supply secure despite reports of Iranian cargo diversion.
India said there are no payment hurdles for Iranian crude imports and that refiners continue to secure oil from Iran and a wide range of global suppliers. It rejected reports of an Iranian cargo diversion as factually incorrect, stating that destination changes during transit are common in oil trade for commercial and operational reasons. The ministry said crude oil requirements remain fully secured for the coming months, and noted that an LPG vessel carrying Iranian LPG has berthed at Mangalore and is discharging cargo.
April 4, 2026
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Global export hub logistics for Lalitpur Pharma Park strengthened through port connectivity and freight corridor integration.
Uttar Pradesh State Industrial Development Authority and Jawaharlal Nehru Port Authority have entered into a memorandum of understanding to develop the proposed Lalitpur Pharma Park as a global export hub by linking the industrial cluster to international maritime trade routes. The cooperation contemplates use of the Dadri-Khurja rail link with the Western Dedicated Freight Corridor and Eastern Dedicated Freight Corridor to create a multi-modal rail network for movement of pharmaceutical goods to JNPA, supporting import of raw materials and export of finished pharmaceutical products.
April 4, 2026
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Indian pharmaceutical exports maintain growth momentum as formulations, biologicals, vaccines and Ayush products lead performance.
Indian pharmaceutical exports maintained growth momentum despite global pricing pressures and trade volatilities, with shipments reaching over USD 28 billion up to February in FY26 and registering year-on-year growth of 5.6 per cent over the corresponding period in FY25. Export performance was led by formulations, biologicals, vaccines and Ayush products.
April 4, 2026
Show AI Summary
Payroll compliance mistakes demand accurate classification, timely deductions, and automated statutory checks to prevent audits and penalties.
Payroll compliance requires accurate employee classification, timely tax deduction, and correct statutory contribution management to avoid audits, penalties, and employee disputes. Common errors include misclassifying employees and contract workers, which can cause missed PF, ESI and TDS obligations, and incorrect or delayed TDS computation arising from failed declarations, salary changes, or tax regime switches. The compliance approach relies on onboarding checks, real-time recalculation, and automated deposit scheduling to reduce errors before they enter the payroll cycle.
April 4, 2026
Show AI Summary
Bribery allegations against a CGST officer trigger a CBI trap, arrest, and continuing investigation into corruption claims.
Bribery allegations led to a CBI trap and arrest of an Assistant Commissioner, CGST, Ratlam, after a private person or middleman allegedly demanded money for not initiating GST proceedings against the complainant's firm. The accused was caught red-handed while accepting a bribe through the middleman, with searches continuing at the accused's premises and investigation still in progress.
April 4, 2026
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Mutual fund approval process for subscribing to eligible public issues under the Income-tax Act framework clarified.
Approval is sought by a mutual fund to subscribe to an eligible issue of public companies under Schedule XV(1)(z)(ii) of the Income-tax Act, 2025, through Form 190. The form must be filed three months before the issue of eligible capital with the prescribed details and documents, including mutual fund and management particulars, scheme details, SEBI and custodian records, audited financial statements, and approval documents relating to the public company's share issue.
April 4, 2026
Show AI Summary
Mutual fund approval for eligible public company issues depends on timely filing of Form 190.
A mutual fund must file Form 190 to seek approval for investment in the eligible issue of public companies under Schedule XV(1)(z)(ii) of the Income-tax Act, 2025. The form corresponds to the earlier Form 59A under the Income-tax Rules, 1962, and to the corresponding rule framework under the Income-tax Rules, 2026. The application is to be filed by the mutual fund itself, together with the documents specified in the form, three months before the issue of eligible capital. Approval for subscription is granted on the basis of the particulars furnished in Form 190.
April 4, 2026
Show AI Summary
Approval for issue of eligible capital under Schedule XV depends on Form 189 details, disclosures, and supporting documents.
Form 189 is the application for approval of issue of public companies under Schedule XV(1)(z)(i) of the Income-tax Act, 2025, and is filed by the public company three months before the issue of eligible capital. The form requires company particulars, management details, bankers and auditors, issue details, project details, and supporting documents such as incorporation certificate, audited financial statements, equity details, SEBI approval and any project report. Processed Form 189 leads to approval for issue of eligible capital on the basis of the details furnished.
April 4, 2026
Show AI Summary
Public company issue approval through Form 189 governs eligible capital issues and related deduction eligibility.
Form 189 is the prescribed application for approval of issue of public companies under Schedule XV(1)(z)(i) of the Income-tax Act, 2025. It is filed by the public company with supporting documents before the issue of eligible capital, and the approval is granted on the basis of the details furnished in the form. Individual contributions to the issue are stated to qualify for deduction under the Act.
April 4, 2026
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Consolidated approval form standardises gratuity and superannuation fund compliance, replacing rule-based particulars with structured filing.
Introduction of consolidated Form 188 standardises the approval process for Gratuity Fund and Superannuation Fund applications under Part B of Schedule XI by replacing the earlier text-based particulars in Rule 95 and Rule 109. The form is filed by trustees or an authorised person only for initial approval, and it requires details of the employer, the fund, eligible employees, account maintenance, fund status, trustee verification, and supporting documents such as the trust deed, fund rules, and accounts where applicable.

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OPPO F33: Everything to Know About the Most Feature-Rich F-Series Phone Yet

April 11, 2026

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Pune, Maharashtra, India (NewsVoir) OPPO, a leading global smartphone maker, recently announced that the latest models from its popular F-series – OPPO F33 5G and OPPO F33 Pro – will be launched on April 15th, 2026. The brand took to social media to share important updates, including the design and colour options of the two handsets. The F33 5G will be the base variant, and OPPO’s latest smartphones will continue the company’s tradition of offering exceptional front cameras, with a wide field of view.

Users planning an upgrade can own OPPO’s latest smartphones without shouldering the entire expense upfront. With Bajaj Finserv Easy EMIs, users can split the cost into instalments and make payments over a 1 to 60 month tenure. Buyers can go to the nearest partner store, choose the Easy EMI option, and enjoy benefits like zero down payment offers on select models, flexible repayment tenures, and instant approvals.

OPPO F33 5G - A solid mid-range option OPPO hasn’t revealed the full specifications list of the OPPO F33 5G. However, users can expect best-in-class features, including a premium rugged and trendy design. The smartphone is also likely to get the same IP69K dust and water resistance rating as the F33 Pro, making it an excellent everyday use option. Moreover, the F33 5G is tipped to house a massive 7,000 mAh cell that promises long hours of scrolling, binge-watching, and multitasking.

Expected specifications • Display: 6.57-inch Full HD+ AMOLED screen, 120 Hz refresh rate • Processor: MediaTek Dimensity 6360 Max • RAM: 8GB LPDDR4X • Storage: 128GB/256GB • Rear cameras: 50MP main + 2MP depth • Front camera: 16MP • Battery: 7,000 mAh with 80W fast charging • Operating system: ColorOS based on Android 16 • Protection/durability: IP69K dust and water resistance Design - Slim and trendy The OPPO F33 5G is expected to feature a slim body with a 6.57-inch flat display and an IP69K rating. Recent reports also point to a lighter build of around 194 grams, which should make the phone easier to carry and use for long periods.

Design highlights: • 6.57-inch flat form factor • IP69K dust and water resistance • Slim and relatively lightweight build Smooth 120 Hz AMOLED display The F33 5G is tipped to use a 6.57-inch Full HD+ AMOLED screen with a 120 Hz refresh rate, which makes scrolling feel smoother and improves motion clarity while streaming or gaming. The AMOLED panel offers better contrast and deeper blacks, which can make videos and app visuals look more refined.

Display highlights: • 6.57-inch Full HD+ AMOLED display • 120 Hz refresh rate • Smoother scrolling and animations MediaTek Dimensity 6360 Max processor for streamlined performance OPPO’s latest smartphone is expected to run on the MediaTek Dimensity 6360 Max chipset with 8GB LPDDR4X RAM and up to 256GB storage. Users can expect smooth, streamlined performance, with the company focusing on optimised hardware.

Performance highlights: • MediaTek Dimensity 6360 Max chip • 8GB LPDDR4X RAM • Up to 256GB internal storage Dual-rear camera setup for crisp shots The OPPO F33 is rumoured to feature a 50MP main camera paired with a 2MP depth sensor, while the front may use a 16MP camera. OPPO is known for its finely-tuned cameras, and the rear imaging system promises stunning portraits with incredible clarity and detail.

Camera highlights: • Rear: 50MP main + 2MP depth • Front: 16MP • Video recording: 4K @ 30 fps 7,000 mAh battery could be the biggest highlight One of the key highlights of the handset is tipped to be its battery pack, with reports suggesting a 7,000 mAh battery with 80W fast charging support. This means uninterrupted gaming, streaming, and binge-watching sessions for long hours, while the fast-charging support reduces downtime.

Battery highlights: • 7,000 mAh battery • 80W fast charging support OPPO F33 5G - Pricing and options While OPPO hasn’t revealed the price range for the OPPO F33 5G, leaks suggest that the base variant (8GB RAM + 128GB ROM) can cost around Rs. 23,999. Moreover, OPPO’s latest smartphones (F33 5G and F33 Pro 5G) are likely to be offered in three colour options: Misty Forest, Passion Red, and Starry Blue.

*Disclaimer: The prices, specifications, and colours are based on recent reports and leaks. Please wait for official updates from OPPO for accurate specifications and pricing.

Best deals and offers on OPPO smartphones If users wish to explore some other OPPO smartphone, Bajaj Finserv has launched a limited time zero downpayment offer for the following OPPO phones, that’s valid from 1st April to 30th April 2026.

• OPPO A6X – EMIs starting from Rs. 1,000/-, tenure up to 18 months + Save up to Rs. 5,000 OR get up to 30% off • OPPO Reno 15 series – EMIs starting from Rs. 1,917/-, tenure up to 24 months + Save up to Rs. 5,000 OR get up to 30% off *Disclaimer: EMIs may vary by location, partner store, and applicable offers. Please verify the latest pricing before purchase.

How to buy the OPPO F33 on Easy EMIs After the OPPO F33 5G becomes available in India, user can own the device by opting for Easy EMI plans. Buying from a Bajaj Finserv partner store helps user manage the cost better while keeping the purchase process simple. Here is how buyers can purchase the device after launch: 1. Visit the nearest Bajaj Finserv partner store.

2. Select the Galaxy Z Fold 8 variant of choice.

3. Check eligibility for Easy EMIs at checkout.

4. Choose a flexible tenure between 1 and 60 months.

5. Complete the purchase and take the new smartphone home.

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 PWR

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