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CBIC holds outreach on import duty deferment scheme for manufacturers


CBIC holds outreach on import duty deferment scheme for manufacturers

The Central Board of Indirect Taxes and Customs (CBIC) on Friday conducted a hybrid outreach programme in the national capital to familiarise stakeholders with the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI), a key trade facilitation measure announced in the Union Budget 2026-27.The session, organised in New Delhi, brought together senior officials and industry representatives to discuss the framework, benefits and operational aspects of the scheme, according to a statement issued by the finance ministry, reported news agency ANI.Yogendra Garg, Member (Customs), CBIC; Manish Kumar, Chief Commissioner, Delhi Customs; Sanjay Gupta, Chief Commissioner, Delhi Customs (Preventive) Zone; and Akhil Kumar Khatri, Chief Commissioner, DIC, were among those present, along with representatives from trade bodies and industry.The programme featured a detailed presentation followed by an interactive session to address queries from participants.Addressing the gathering, Garg said the scheme is built on a trust-based approach aimed at enabling faster clearances and reducing dwell time. He emphasised that the initiative seeks to minimise the trust deficit and promote a more efficient and collaborative compliance environment, while encouraging stakeholders to avail its benefits and provide feedback.Manish Kumar noted that the scheme improves the commercial viability of manufacturer importers by facilitating better import scheduling and more efficient working capital management.Under the EMI scheme, eligible manufacturer importers can defer payment of import duties and clear goods without upfront payment, with duties to be settled on a monthly basis. The scheme is also extended to MSMEs and is aligned with the government’s Make in India initiative, aimed at strengthening domestic manufacturing through improved liquidity and faster cargo clearance.Among the key benefits highlighted were improved liquidity, reduced dwell time, enhanced import planning and inventory management, better payment discipline, stronger global competitiveness and improved supply chain efficiency.To be eligible, a manufacturer importer must have a valid Import-Export Code (IEC), file at least 25 Export-Import Bank (EXIM) documents in the preceding financial year (10 for MSMEs), remain GST compliant with no pending returns, and demonstrate financial solvency along with a clean compliance track record.Applications can be submitted online through the AEO portal, which has been operational since March 1, 2026, with the process being fully digital and requiring no physical interface.Approved applicants will be able to avail the scheme across all customs formations from April 1, 2026. The scheme will remain in force for two years, up to March 31, 2028.



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405 schools set for upgrade as state’s model institutions | Mumbai News


Mumbai: As many as 405 schools will be upgraded as Bharat Ratna Dr. Babasaheb Ambedkar Model schools. The project involves upgrading infrastructure across local body schools. Key physical improvements include the installation of RO/UV water purification systems and the creation of “Pink Rooms,” designed to provide female students with private facilities for menstrual hygiene. Additionally, the state will establish a model sports academy in every district to support athletic development.In a seperate initiative to address declining enrollment, the ministry has outlined a new outreach strategy. Teachers and education officials are mandated to conduct door-to-door visits to identify and enroll out-of-school children. Acknowledging the shifting trends, the department will place a greater emphasis on English language instruction within these govt schools. The initiative also introduces fiscal measures, including local tax exemptions at the Gram Panchayat and Zilla Panchayat levels for families sending their children to local govt schools. To formalise the start of the academic year, schools will now host an annual ‘School Pravesh’ festival on the first day of classes to welcome returning and new students. The initiative also includes alumni associations. By tapping into the expertise and resources of alumni, schools aim to upgrade physical facilities and provide mentorship. To maintain momentum, the state will formally honour schools and teachers that demonstrate exceptional performance in increasing student enrollment and overall academic excellence.



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Explained: Why RCB players will wear black armbands against SRH in IPL 2026 opener | Cricket News


Explained: Why RCB players will wear black armbands against SRH in IPL 2026 opener

NEW DELHI: The IPL 2026 is just moments away, with the opening match set to be played between defending champions Royal Challengers Bengaluru and Sunrisers Hyderabad at the M Chinnaswamy Stadium in Bengaluru. RCB will be led by Rajat Patidar, while Ishan Kishan will captain SRH.RCB will also wear black armbands during their match against SRH to pay tribute to fans who tragically lost their lives in the stampede outside the venue following the team’s historic title win last year.

Watch

RCB’s big changes ahead of IPL: New rules, tribute & squad update

A statement from RCB said, “Royal Challengers Bengaluru will pay tribute to the eleven members of the RCB family who tragically lost their lives in the unfortunate incident on June 4.”“As a mark of respect, players will wear practice jerseys bearing the number 11 during the warm-up, followed by black armbands during the match.”“In a lasting gesture of remembrance, eleven seats at the M. Chinnaswamy Stadium will remain unoccupied, serving as a permanent tribute to the fans whose unwavering support will always be a part of the RCB family,” the statement concluded.Eleven people died and several were injured in the stampede outside the stadium during the victory celebrations last year.‘Kohli incredibly hungry’Virat Kohli is hungry and at the “peak of his powers”, with his IPL team RCB set to begin their title defence, coach Andy Flower said.Former captain Kohli, who has retired from Tests and T20 internationals, now represents India only in the 50-over format.“Virat is in a really good space mentally,” Flower told reporters.“He’s very comfortable with himself but still incredibly hungry, and watching him strike the ball in training, he looks at the peak of his powers.”“It was very satisfying professionally for everyone, of course, but a really emotional time for all sorts of reasons at the end of last season,” Flower told reporters.“It’s another time, so it’s time to move on from that.”



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One month in, new front opens as Yemen’s Houthis enter Iran-Israel war


One month in, new front opens as Yemen’s Houthis enter Iran-Israel war

The Iran-Israel war has entered a new phase on Saturday with Yemen’s Houthi rebels launching their first strike on Israel since the conflict began. The move opens a fresh front in a war that has already spread across multiple countries and disrupted global trade and energy markets.The attack comes as the conflict marks one month, with fighting intensifying between Israel and Iran and their regional allies. Analysts warn that the Houthis’ entry could further widen the war, particularly if key shipping routes in the Red Sea are drawn into the crisis.

Houthis open new front with missile barrage

Houthi military spokesman Yahya Saree announced the operation on the group’s Al-Masirah television, claiming a barrage of ballistic missiles targeting “sensitive Israeli military sites” in southern Israel. He warned that strikes would continue until what he described as “aggression” against allied groups across the region ends.Air raid sirens sounded in Beersheba and near key Israeli installations, while explosions were reported in Tel Aviv as Iran and Hezbollah also continued overnight attacks. Israeli emergency services said they were responding to multiple impact sites.The Houthis’ involvement is seen as highly consequential. The group had previously targeted Israel during the Gaza war and attacked shipping in the Red Sea, disrupting a route through which roughly $1 trillion in goods pass annually. Their leadership has now hinted at further escalation, including the possibility of targeting vessels linked to Israel or even attempting to close the Bab al-Mandeb Strait.Experts warn such a move could severely impact global trade, especially when combined with existing tensions in the Strait of Hormuz. One regional analyst described the scenario as “a nightmare on top of a nightmare” for international shipping.

Regional conflict deepens as Iran and Israel escalate

The Houthi strike comes amid intensified hostilities between Israel and Iran. Israeli forces have recently targeted key nuclear-linked facilities, including sites associated with uranium processing and heavy water production. Tehran has vowed retaliation, with strikes already reported on regional military bases.One of the most serious incidents involved repeated attacks on Prince Sultan Air Base in Saudi Arabia, where more than two dozen US personnel have reportedly been wounded over the past week. Missiles and drones struck the base in multiple waves, damaging aircraft and infrastructure.Meanwhile, cross-border violence has expanded. In Lebanon, fighting between Israeli forces and Hezbollah has intensified, with hundreds reported killed since the war began. Israeli cities, including Tel Aviv, have faced repeated missile alerts, underscoring the widening scope of the conflict.Despite brief signs of diplomatic progress — including Iran allowing limited humanitarian shipments through the Strait of Hormuz — the latest developments suggest the war is moving further away from de-escalation.

Global trade and military risks rise sharply

The Houthis’ entry could have far-reaching implications beyond the battlefield. The Red Sea, a critical artery for global commerce, may once again become a target. During earlier conflicts, Houthi attacks forced shipping companies to reroute vessels around Africa, significantly increasing costs and transit times.There are also growing concerns over military escalation at sea. The potential redeployment of the USS Gerald R. Ford into the Red Sea could expose US naval forces to sustained attacks, similar to earlier confrontations involving other American carriers in the region.The Houthis, who have controlled Sanaa since 2014, had maintained an uneasy ceasefire with Saudi Arabia in recent years. Their decision to join the conflict now risks reigniting broader regional tensions, particularly along key maritime routes.



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‘Total disarray’: BJP’s CR Kesavan targets Congress amid row over candidate selection in Tamil Nadu | India News


'Total disarray': BJP's CR Kesavan targets Congress amid row over candidate selection in Tamil Nadu
CR Kesavan, left, and Rahul Gandhi

NEW DELHI: BJP national spokesperson CR Kesavan on Saturday attacked the Congress in Tamil Nadu, alleging that the party was facing a “deep divide” after MP Jothimani publicly raised concerns over a lack of transparency in constituency selection ahead of the 2026 Assembly elections.In a post on X, Kesavan said the developments reflected a larger pattern within the party and also targeted the DMK-Congress alliance in the state.“Rahul Gandhi’s Congress is a deeply divided house and is in total disarray in Tamil Nadu. Their Party MP from TN is now publicly attacking Congress leadership for having no transparency. There is a definite pattern to this. Rahul Gandhi’s point person in the Bihar elections was gheraoed by Congress workers for allegedly selling tickets. This is why the Compromised Congress has lost credibility with people across the country. The opportunistic DMK -Congress alliance is in tatters, and the disaster model DMK Govt’s misrule, which has been one of the worst regimes in the history of Tamil Nadu, will be categorically rejected by the people in the coming elections,” the BJP leader wrote.Kesavan’s remarks came after Jothimani publicly questioned the Congress party’s constituency selection process, alleging that decisions were taken in a “highly secretive manner” and that the welfare of the party had been compromised.“There is absolutely no transparency in the Congress party’s constituency selection. Our view that constituency selection should be done only after transparency and extensive discussion has not been accepted by the responsible leaders. Everything happened in a highly secretive manner. The welfare of the Congress party has been entirely compromised. It is heartbreaking to see a few individuals, who haven’t even bothered to pluck a single feather from the decades-long hard work of genuine Congress party workers like us for the Tamil Nadu Congress Committee, now selling it off,” Jothimani wrote on X.She also warned that the party could face serious consequences in Tamil Nadu if the same approach is followed during candidate selection.“One cannot remain silent in the face of this terrible situation without raising questions. The party is not just the responsible leaders, the state president, and the legislative party leader. The sentiments and labour of lakhs of workers are what make the party. We can discuss this in detail once the list is released. If candidate selection is also going to happen with this same selling approach, no one can save the Congress party in Tamil Nadu.The political developments come as the DMK alliance continues preparations for the upcoming Tamil Nadu Assembly elections.The Dravida Munnetra Kazhagam (DMK) has announced that its ‘Rising Sun’ symbol will contest in nearly 175 constituencies in the state.So far, the DMK alliance has allotted seats to nine parties, including Congress (28), MDMK (4), IUML (2), MMK (2), KMDK (2), CPI (5), CPM (5), VCK (8), and DMDK (10). A total of 66 seats have been allocated to allies, with seven of them being contested under the DMK symbol.With remaining allocations expected, the DMK will directly contest 168 seats, while allied candidates in seven seats will also contest under the Rising Sun symbol, taking the total to 175 seats under the DMK symbol.Tamil Nadu will go to the polls in a single phase on April 23, with counting scheduled for May 4.



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‘Unusual’: Two Chinese vessels abort bid to pass Strait of Hormuz despite Iran’s assurances of safe passage


Two large Chinese-linked container ships made an abrupt U-turn near the Strait of Hormuz on Friday as Iran tightens its grip on one of the key passages for global shipping. Ship-tracking data showed the CSCL Indian Ocean and CSCL Arctic Ocean, both linked to China’s state-owned COSCO Shipping, attempted to leave the Gulf in the early hours before turning back close to Iranian waters. The move came despite Tehran’s recent assurances that vessels from “friendly nations”, including China, would be allowed to pass.Interestingly, Iran’s foreign minister Abbas Araghchi had stated just a day earlier that Tehran would permit safe passage through the Strait of Hormuz for ships from five “friendly” nations: China, Russia, India, Iraq, and Pakistan.

The Strait of Hormuz

According to ship-tracking data, the two vessels moved towards the narrow Strait at around 0350 GMT before reversing course near Iran’s Larak and Qeshm islands.

  • This marked the first known attempt by a major global shipping operator to exit the Gulf since the war began
  • Both ships had been stranded in the region for weeks
  • Analysts cited by WSJ described the reversal as “unusual” given prior signals that Chinese-linked vessels might be allowed through

Watch

Apocalyptic Scenes In Kuwait As Iran Punishes U.S. Ally With Huge Attacks On Twin Ports | WATCH

Rebecca Gerdes, an analyst at Kpler, told Reuters that the episode showed that “safe passage could not be guaranteed”, despite diplomatic messaging from Tehran.Bloomberg reported that the vessels had earlier altered their tracking signals to indicate Chinese ownership and crew, a tactic previously used by ships seeking to avoid confrontation in the waterway.

Iran tightens control over key chokepoint

The Strait of Hormuz, through which roughly a fifth of the world’s oil and gas normally flows, has effectively been brought under Iranian control since the conflict escalated.

  • Tehran has combined military threats with selective permissions to regulate movement
  • Iranian Revolutionary Guard forces have reportedly turned back multiple vessels
  • Shipping firms now face a patchwork system of approvals and restrictions

Iran has also indicated that vessels linked to countries seen as backing the United States or Israel could be denied passage altogether. On Friday, Iranian forces said they had warned off three container ships of different nationalities attempting to cross.

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Do you think Iran's control over the Strait of Hormuz is justified?

‘Toll booth’ system emerges

Industry data and maritime reports suggest Iran is increasingly operating a de facto approval system for ships seeking transit.

  • Vessels may be required to submit cargo, ownership and crew details for clearance
  • Some ships have reportedly paid fees — in Chinese yuan — to secure passage
  • Approved vessels are sometimes escorted through Iranian-controlled routes

Shipping intelligence firms have described this as a “toll booth” model, effectively allowing Tehran to control who moves through the strait and on what terms.At least some vessels, particularly those carrying goods destined for Iran, have been allowed through in recent days, while others remain stuck.

Traffic collapses, risks surge

The broader impact on global shipping has been severe.

  • Traffic through the strait has fallen by up to 90–95% since early March
  • Only a fraction of normal daily vessel movements are currently taking place
  • At least 20,000 seafarers are believed to be stranded in the Gulf region

Security risks have also intensified. Maritime agencies report multiple attacks on commercial vessels since the conflict began, with casualties among crew members.Many ships are now switching off tracking systems while navigating the region, reflecting heightened fears of targeting.

Energy markets and geopolitics

The disruption has sent shockwaves through global energy markets, with exports of crude oil and liquefied natural gas from Gulf producers sharply curtailed.Despite the broader slowdown, Iranian oil shipments — particularly to smaller Chinese refineries — appear to have continued, suggesting Tehran is leveraging its control to maintain key export flows.Meanwhile, tensions remain high. The United States and Iran are exchanging proposals through intermediaries, but the situation on the ground — and at sea — continues to deteriorate.



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WATCH: Nita Ambani left stunned by Rohit Sharma’s remarkable transformation ahead of IPL 2026



Just hours before the much-anticipated start of IPL 2026, a heartwarming moment involving Nita Ambani and Rohit Sharma has captured the internet’s attention. A viral video shared by the Mumbai Indians franchise shows the team owner interacting with players during a training session, with her candid reaction to Rohit’s transformation becoming the highlight of the clip.

Nita Ambani’s candid reaction on Rohit Sharma’s transformation goes viral

In the video, Mrs. Ambani is seen walking around the practice area, engaging with players and members of the support staff in a relaxed and encouraging manner. As she approaches Rohit, her reaction is one of genuine surprise and admiration.

“My God, Rohit, I didn’t recognise you. You look like a young boy!” she exclaims with a smile, clearly impressed by the Indian captain’s noticeable weight loss.

Rohit, known for his calm and composed demeanor, responds with a grin, making the exchange even more endearing. The light-hearted interaction quickly struck a chord with fans, who flooded social media with praise for the veteran batter’s fitness transformation ahead of the new season.

Here’s the video:

Also READ: Mumbai Indians IPL 2026 Full Schedule: Date, Time & Venues of MI matches

High expectations from the star batter in IPL 2026

Expectations will be high from Rohit heading into IPL 2026, especially after his noticeable fitness transformation. As one of the most experienced players in the league, Mumbai Indians will rely on him to provide strong starts at the top and anchor the innings when required. Fans will be hoping to see a more aggressive yet consistent version of Rohit, capable of delivering impactful performances in crucial matches. Beyond his batting, his leadership inputs and calm presence in high-pressure situations will also be key as Mumbai aim to reclaim their dominance in the tournament.

Notably, IPL 2026 season officially kicks off with an exciting opening clash between Royal Challengers Bengaluru and Sunrisers Hyderabad at the M. Chinnaswamy Stadium. Meanwhile, Mumbai Indians will begin their IPL 2026 campaign against Kolkata Knight Riders on March 29 at the iconic Wankhede Stadium. The five-time champions will be eager to start strong and set the tone for the rest of the tournament.

Also READ: SWOT Analysis of Mumbai Indians – MI’s report card ahead of IPL 2026





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Phone call was only between PM Modi and Trump: MEA refutes ‘Musk joined’ claim | India News


Phone call was only between PM Modi and Trump: MEA refutes 'Musk joined' claim

NEW DELHI: The ministry of external affairs (MEA) on Saturday stated the recent phone call over Iran war was only between Prime Minister Narendra Modi and US President Donald Trump, amid reports that SpaceX CEO Elon Musk also joined the call. “We have seen the story. The telephone conversation on 24 March was between Prime Minister Narendra Modi and President Donald Trump only. As has been stated earlier, it provided the opportunity for exchange of views on the situation in West Asia,” MEA Spokesperson, as quoted by ANI.(This is a developing story)



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RCB vs SRH, IPL 2026: 5 players to watch out for in today’s clash | Cricket News


RCB vs SRH, IPL 2026: 5 players to watch out for in today’s clash
Abhishek Sharma, Virat Kohli and Ishan Kishan (Agency Image)

As Royal Challengers Bengaluru return to the Chinnaswamy Stadium as defending champions, their opening clash against Sunrisers Hyderabad promises to be a high-scoring, high-pressure contest. With both sides stacked with explosive batters and conditions expected to favour runs, individual brilliance could make all the difference.Here are five players who could shape the outcome of today’s game:

1. Virat Kohli

There is never a match where Kohli is not in focus, and this one is no different. The former RCB captain comes into the season after another prolific year, scoring 657 runs in IPL 2025 from 15 matches at an average of 54.75 and a strike rate of 144.71. Back at his home ground, Kohli will once again carry the responsibility of setting the tone. With expectations higher than ever after last season’s title win, all eyes will be on how he begins this campaign.

Watch

RCB’s big changes ahead of IPL: New rules, tribute & squad update

2. Abhishek Sharma

Abhishek’s recent form has been a mix of struggle and redemption. After a quiet T20 World Cup, he bounced back with a crucial half-century in the final. That knock could be the turning point he needed. In IPL 2025, he scored 439 runs in 14 matches, including a stunning 141 against Punjab Kings, striking at 193.39. SRH will hope he carries that attacking intent into the new season and provides early momentum.

3. Ishan Kishan

Fresh from an impressive T20 World Cup campaign where he finished as India’s second-highest run-scorer behind Sanju Samson, Ishan enters IPL 2026 with added responsibility. Leading SRH in the absence of Pat Cummins, he will be central to both their batting and leadership. Last season, he scored 354 runs in 14 matches at an average of 35.40 and a strike rate of 152.59. A strong start could set the tone for his captaincy stint.

4. Travis Head

One of the most dangerous openers in T20 cricket, Head brings aggression from ball one. The Australian left-hander scored 374 runs in 13 matches last season for SRH, maintaining a strike rate of 162.60. On a batting-friendly surface like Chinnaswamy, his ability to dominate the powerplay could put RCB under immediate pressure.

5. Phil Salt

Salt’s form coming into the IPL raises questions after a disappointing T20 World Cup, but the league offers him a chance to reset. He was a key figure in RCB’s title-winning campaign last season, scoring 403 runs in 13 innings at a blistering strike rate of 175.98, including four fifties. If he finds rhythm early, RCB could once again get flying starts at the top.With both teams boasting powerful batting units and key bowlers missing, this contest could well turn into a run-fest. For RCB, it is about starting strong as defending champions.



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