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NIRMALA SITHARAMAN BUDGET FY28
Tariff rationalisation set to continue, more steps likely in FY28 Budget: FMFinance Minister Nirmala Sitharaman confirmed ongoing import tariff rationalisation efforts. Further measures are expected in the budget fo...- Appropriation Bill for FY23 excess spending approvedParliament approved a bill authorizing funds for certain FY23 expenditures. The bill covers two expenditure items, with one being a large d...
- India may rationalise most customs tariffs by Budget 2027-28, Nirmala Sitharaman saysIndia's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul by the fiscal year 2027-28. This ...
- FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on securityFinance Minister Nirmala Sitharaman stated Merchant Discount Rate applies to merchants, not customers. This charge will support banks and f...
- Capex push has revived private investment as India advances towards Viksit Bharat: Nirmala SitharamanFinance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for a developed nation. She stated that 2047 is an immediate national h...
- Rajya Sabha passes Appropriation No.3 Bill authorising Rs 54,067 crore excess spending for FY23The Rajya Sabha approved the Appropriation Bill for excess spending. This bill covers expenditures from the financial year ending March 31,...
- No decision yet on merchant discount rate on UPI dealsCentral bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the paym...
- Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era lawThe Lok Sabha approved a Bill to update evidence laws for digital records. This legislation replaces an old British-era act for modern bank...
- UPI payments above Rs 2000 to attract MDR after debit, credit cards? Here’s what users need to know about the proposalWhile there has been no official word from the government on this yet, it is learnt that the Centre could allow a levy of 0.25% to 0.4% as ...
- Government moves closer to restoring MDR on UPI merchant paymentsParliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...
- No debate, 3 minutes: Lok Sabha passes Appropriation Bill amid protestsAmid relentless protests from the opposition, the Lok Sabha approved the Appropriation Bill with remarkable speed. Finance Minister Nirmala...
- Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FMIndia's economic landscape is on a promising trajectory, aiming to exceed five trillion dollars by the fiscal year twenty twenty-nine. To a...
- FM Sitharaman to introduce Taxation and Other Laws (Amendment) Bill as Lok Sabha takes up key financial businessFinance Minister Nirmala Sitharaman will introduce the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha. This legislation s...
- Govt cuts ₹16,688 crore in tax disputes after appeal threshold hikeThe government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen t...
- 'No proposal to change or replace Unified Pension Scheme,' says Finance Minister Sitharaman in Lok SabhaFinance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This scheme offers assured monthly pay...
- Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
- India's Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year targetIndia Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous fi...
- High-level meeting of Union ministers held at PM Modi's office in ParliamentPrime Minister Narendra Modi's office hosted a significant meeting on Thursday. Several key Union ministers, including Rajnath Singh and S ...
- Budget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says SitharamanUnion Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncerta...
- Cabinet to take up scheme for manufacturing of construction gearThe Union Cabinet is poised to evaluate a new incentive scheme aimed at enhancing the production of advanced construction machinery domesti...
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