Nirmala Sitharaman
FM counters Stalin, denies curbs on paddy incentives
Union Finance Minister Nirmala Sitharaman has dismissed Tamil Nadu Chief Minister MK Stalin's allegations regarding incentives for paddy cultivation. Sitharaman stated that the Union government's communication was a suggestion to states to align bonus policies with national priorities. The aim was to encourage crop diversification. The decision on state bonuses remains with state governments.
West Bengal CM Mamata Banerjee accuses Nirmala Sitharaman of breaking MCC
West Bengal Chief Minister Mamata Banerjee accused Union Finance Minister Nirmala Sitharaman of violating the Model Code of Conduct by distributing cards to women before elections. Banerjee alleged that the BJP is misusing power and agencies to threaten voters and collect data, warning that women will be robbed of their bank account information and money.
Finance Minister Nirmala Sitharaman to take centre stage at ET Awards on April 25
India's top business leaders and economic minds will gather for the 26th Economic Times Awards for Corporate Excellence. Finance Minister Nirmala Sitharaman will be the chief guest. The event will celebrate champions who excelled despite global challenges. N Chandrababu Naidu, Chief Minister of Andhra Pradesh, will also be honored as Business Reformer of the Year.
Economy on firm footing, rupee doing fine compared to Asian peers: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman stated India's economic fundamentals are strong. The Indian rupee is performing well against the US dollar compared to other emerging markets. Despite a recent depreciation linked to the West Asia conflict, the government and RBI are closely monitoring the rupee's value.
Defence Minister Rajnath Singh to visit Germany to boost defence ties; first visit in 7 years
According to the Ministry of Defence (MoD), discussions will focus on enhancing defence industrial collaboration, strengthening military-to-military engagements, and exploring opportunities in emerging domains such as cyber security, artificial intelligence, and drones.
CM Mamata Banerjee hails SC relief on supplementary voter list ahead of Bengal polls
The Supreme Court has intervened to ensure eligible voters are not disenfranchised in the West Bengal assembly elections. Supplementary voter lists will be published on April 21 and April 27. Individuals whose appeals against exclusion are successful will be allowed to cast their votes. Chief Minister Mamata Banerjee expressed happiness with the judiciary's decision.
Mudra loans cross Rs 40 lakh crore, Nirmala Sitharaman hails MSME credit push
The Pradhan Mantri Mudra Yojana has empowered millions of entrepreneurs. Over 577.9 million loans totaling ₹40.07 lakh crore have been disbursed since its 2015 launch. A significant portion of these loans went to women entrepreneurs, fostering self-reliance. The scheme has democratized access to credit, removing barriers for many individuals previously excluded from formal banking systems.
'Will you place that letter in public domain...': MK Stalin questions FM Nirmala Sitharaman
The debate between the Tamil Nadu Chief Minister MK Stalin and Union Finance Minister Nirmala Sitharaman continues as Stalin asked the Finance Minister whether she can put the letter, noting remarks of the discontinuation of paddy bonus, in the public domain.
Sitharaman accuses Stalin of creating false narrative over Centre's advisory on paddy bonus
Union Finance Minister Nirmala Sitharaman has responded to Tamil Nadu Chief Minister M K Stalin. She accused him of creating false narratives regarding a Centre's advisory on bonuses for wheat and paddy farmers. Sitharaman stated that Stalin misinterpreted the advisory. She highlighted that other states understood the letter's intent.
IBC reforms: Government moves to fix insolvency delays
ET looks at how the proposed amendments to the decade-old law, blamed by critics for causing inordinate delay in the rescue or liquidation of bankrupt firms, is going to shape the country’s insolvency ecosystem.
Assets monetisation in focus to bridge potential selloff gap
Amid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation to bridge potential revenue gaps. Stake sales in Life Insurance Corporation of India may also face headwinds, making monetisation a key fiscal lever this year.
Russian DPM calls on PM Modi; meets EAM, NSA & FM amid war woes
India and Russia are strengthening their partnership. Russian Deputy Prime Minister Denis Manturov met with Prime Minister Narendra Modi and other top officials. Discussions focused on ensuring continued supplies of crucial commodities like crude oil, LPG, fertilisers, and coal. This visit follows a period of intense diplomatic engagement between the two nations.
Floccinaucinihilipilification: Delhi Court uses 29-letter word while dismissing defamation plea against Nirmala Sitharaman. Check meaning & pronunciation
A Delhi court has dismissed a criminal defamation complaint against Union Finance Minister Nirmala Sitharaman. The court described the complaint as 'valueless' and lacking merit. It ruled that no prima facie case was made out. The statements were considered part of political discourse and not defamatory towards the complainant. The court found no grounds to proceed further with the plea.
Sabarimala issue: 'Even God is not safe' in Kerala, alleges FM Sitharaman
Union Finance Minister Nirmala Sitharaman raised concerns about Kerala's economy and safety during a campaign event. She highlighted the Sabarimala gold loss, stating even God is not safe in the state. Sitharaman criticized the ruling LDF and opposition UDF for mismanaging the economy. She mentioned industries are declining and entrepreneurs face difficulties.
ED raids in Kolkata against crime syndicate
The Enforcement Directorate has conducted searches across multiple locations in Kolkata. This action is part of a money laundering investigation targeting an alleged criminal syndicate. The probe is focused on Biswajit Podder, also known as Sona Pappu, who faces charges of attempt to murder and extortion.
Seasoned market investors enjoy market volatility while some young retail entrants exit: ANMI President Kamlesh Shroff
ANMI President Kamlesh Shroff said recent market volatility is unsettling for new investors, who may exit after experiencing sharp swings for the first time, while seasoned investors tend to navigate and even benefit from such phases.
PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?
PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock has rallied sharply in April, supported by sectoral tailwinds, policy developments and restructuring plans, with a strong demand outlook and regulatory changes further boosting investor sentiment.
Central forces tried to check my car, says Mamata
Mamata Banerjee alleged that central forces attempted to search her car near Kolkata airport and accused Union leaders of misusing security vehicles, questioning why only Trinamool leaders were being targeted during checks. The Election Commission denied any such VVIP search, while Banerjee also accused the BJP and central agencies of harassment ahead of elections, urging voters to respond politically.
ITDC shares rally 40% in two days, skyrocket 67% in seven sessions. What’s behind the surge?
ITDC shares surged over 16%, extending a sharp multi-day rally of more than 67%, driven by reports of asset monetisation, including the divestment of key hotel subsidiaries under the government’s monetisation plan.
IBC helped banks recover 52% bad loans: Nirmala Sitharaman
India's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling companies and recover bad loans. A new amendment bill passed in the Lok Sabha introduces fresh resolution frameworks. This aims to speed up the rescue of stressed firms and improve loan recovery processes across the country.
Sitharaman to move Finance Bill 2026 and Corporate Laws Amendment Bill in Lok Sabha today
Parliament's Budget session resumes today. Finance Minister Nirmala Sitharaman will introduce the Corporate Laws (Amendment) Bill, 2026. She will also move for consideration of the Finance Bill, 2026. Several ministers will lay papers on the table. Reports on women's empowerment and urban affairs will be presented. The session continues until April 2.
Banks cannot see, record what valuables customers store in lockers: Nirmala Sitharaman
Banks are unable to inspect the contents of customer lockers. Finance Minister Nirmala Sitharaman stated this prevents differential insurance coverage based on valuables. The standard coverage for locker holders is fixed at 100 times the annual locker rent in case of any loss. This policy remains in effect for all locker holders.
Parliament passes amendments to IBC to quicken resolution process, reduce backlog
Parliament has approved changes to the Insolvency and Bankruptcy Code. These amendments aim to speed up resolutions and improve the financial system. The Rajya Sabha passed the bill after the Lok Sabha's approval. Finance Minister Nirmala Sitharaman highlighted the IBC's success in asset recovery. The changes include provisions to reduce the time for admitting insolvency applications.
TReDS tweak to ease MSME credit flow amid global pressure
Banks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move aims to improve liquidity and working capital efficiency for small businesses facing global economic strains. Revised guidelines and government mandates further support this shift towards dynamic, cash flow-based financing, crucial for timely payments and business growth.
West Asia conflict threatens global energy arteries; prudent economic handling over a decade allows India to keep space for capex: FM
India's finance minister highlights the nation's strong economic footing. Prudent fiscal management over a decade has built resilience. This allows for continued capital spending and support for sectors facing global challenges. India's debt-to-GDP ratio remains low compared to major economies. This strategic fiscal discipline provides a significant advantage in navigating a volatile world.
Committee of creditors can invite land authorities in realty insolvency cases: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced amendments to insolvency regulations, allowing land authorities to join creditor meetings. This aims to speed up resolution for hundreds of real estate projects, benefiting thousands of homebuyers. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, also introduces stricter timelines for case admission and plan approval, emphasizing resolution over mere recovery.
Assam elections: BJP promises UCC, anti-infiltration laws, 2 lakh jobs, protection of indigenous people
The Bharatiya Janata Party's Assam manifesto outlines key promises. These include implementing a Uniform Civil Code and strengthening anti-infiltration laws. The party also pledges to create two lakh government jobs and support ten lakh entrepreneurs. Measures to detect and deport illegal immigrants and reclaim encroached land are also detailed. The manifesto aims to protect Assam's land, heritage, and dignity.
Assam polls: BJP manifesto promises Rs 5 lakh crore investment, protection of indigenous people
Union Finance Minister Nirmala Sitharaman took center stage to launch the BJP's assembly election manifesto for Assam, which boldly lays out 31 commitments. Key highlights include assurances to protect indigenous lands and cultural practices, as well as an ambitious proposal for a Rs 5 lakh crore infusion into infrastructure projects.
AIBEA writes to FM seeking probe into HDFC Bank matter after chairman's exit
The AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders and also the general public to feel reassured, and hence sought Sitharaman's intervention in the matter.
MSMEs seek force majeure relief amid Gulf war disruptions
Small businesses supplying the government are seeking relief from contract penalties. They want the Centre to invoke force majeure due to global supply chain issues stemming from the Gulf war. This mirrors measures taken during Covid-19. The government is examining these requests. Exporters are also receiving support through schemes and extended credit periods.
ED has attached proceeds of crime worth Rs 64,920 cr in bank fraud cases: FM Nirmala Sitharaman
In the Lok Sabha, Nirmala Sitharaman said the Fugitive Economic Offenders Act (FEOA), 2018 was enacted to deter economic offenders from evading Indian law by staying abroad and was applicable to offences involving Rs 100 crore or more.
Indian officials see Iran war oil shock as disruptive as Covid
India is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy supplies could rival the pandemic, threatening growth, widening the fiscal deficit, and pushing the rupee to record lows.
Govt explores options to retain 51% stake in merged PFC-REC entity
The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition.
West Asia crisis: Govt sets up informal group of ministers led by Rajnath Singh
The Indian government has formed an informal group of ministers, led by Defence Minister Rajnath Singh, to address the West Asia conflict's repercussions. This move follows Prime Minister Modi's review of state preparedness and his emphasis on national unity amidst the ongoing crisis impacting global economies and citizens.
K C Venugopal asks 10 questions to Kerala CM, alleges secret deals with BJP
K.C. Venugopal released an open letter to Kerala Chief Minister Pinarayi Vijayan. The letter raised several allegations and questions regarding the LDF government's functioning. Venugopal sought answers on ten key issues. These included alleged secret deals with the BJP and the Centre. The letter also questioned meetings with Union ministers and the handling of various cases.
Mudra to empower entrepreneurs; make them active participants in march towards Viksit Bharat: FM
As the Pradhan Mantri MUDRA Yojana celebrates its 11th anniversary, it celebrates the spirit of entrepreneurship that thrives across India. With over 57.79 crore loans disbursed, totaling an astounding Rs 40.07 lakh crore, it's clear that the initiative has made a significant impact. Notably, women have received two-thirds of these loans, while first-time entrepreneurs comprise one-fifth of the total beneficiaries.
India’s first seaplane operator SkyHop completes successful test flight at Ganga Barrage in Rishikesh
SkyHop Aviation has taken a major leap for India's travel industry by successfully conducting its vital test flight for the nation's inaugural commercial seaplane service. This innovative venture aims to bridge the picturesque islands of Lakshadweep with the bustling mainland, inspired by the visionary leadership of Prime Minister Narendra Modi.
'Era of Beti Bachao, Beti Padhao, Beti Badhao': Delhi CM Rekha Gupta backs Nari Shakti Vandan Adhiniyam
Parliament will convene for a special session to advance the Nari Shakti Vandan Adhiniyam. This move introduces a 33 percent reservation for women in Lok Sabha and state legislatures. Delhi Chief Minister Rekha Gupta lauded this initiative, calling it a significant step for women's empowerment. The government aims to implement this reservation through a new census and delimitation process.
West Asia war: Morbi-Thangadh ceramic clusters gasp for gas, units shut, losses mount
Since the beginning of the war, these two clusters are struggling due to a shortage of propane, with many units closing shops.
Finance Minister Nirmala Sitharaman tables Finance Bill 2026 in Lok Sabha
Finance Minister Nirmala Sitharaman presented the Finance Bill, 2026, in the Lok Sabha. This bill enacts the government's financial plans for 2026-2027. Key proposals focus on growth, job creation, and inclusive development. The budget emphasizes infrastructure, private investment, and skilling initiatives. Support for MSMEs, manufacturing, agriculture, and green energy is also included. The bill also amends corporate laws.
Delimitation row: Stalin threatens 'massive' agitation over Tamil Nadu's share
Tamil Nadu Chief Minister M K Stalin has issued a stern warning to the Union government. He stated that Tamil Nadu will witness massive agitations and protests if the state's interests are harmed. Stalin specifically mentioned concerns about the delimitation process and any move that disproportionately increases the political power of northern states.
Lok Sabha passes Finance Bill 2026–27, advancing government’s fiscal plans
The Finance Bill has been passed by the Lok Sabha. This marks a key step for the Central Government's financial plans for 2026-2027. The bill brings legal backing to budget proposals. Changes in taxes and duties will affect individuals and businesses. The budget focuses on growth, jobs, and inclusive development. It emphasizes infrastructure, private investment, and skilling initiatives.
No proposal of imposing lockdown, clarifies FM Sitharaman in Pariament
India will not impose a lockdown amid the West Asia war. Finance Minister Nirmala Sitharaman assured the public. The government will manage fiscal deficit and shield citizens from rising global crude oil prices. Fuel prices remain unchanged. The Finance Bill 2026 has been returned to the Lok Sabha, completing the budgetary exercise for the next fiscal year.
Take Companies Act beyond ESOPs fables
New rules for company executive pay are here. Finance Minister Nirmala Sitharaman has updated the Companies Act. These changes introduce new ways for companies to reward employees. Instruments like restricted stock units and stock appreciation rights are now recognised. These offer alternatives to traditional employee stock options. Companies can now use these to attract and retain talent.
Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27
The Centre is planning to mobilise Rs 8 lakh crore through dated securities during the April-September period of 2026-27 to fund the revenue gap, the finance ministry said on Friday.
Nirmala Sitharaman: India riding the “reform express” with conviction and clarity
India is advancing through reforms with conviction and clarity. Finance Minister Nirmala Sitharaman highlighted this during the Finance Bill 2026 debate. The bill focuses on empowering MSMEs, farmers, and cooperatives. It aims to boost liquidity and reduce compliance burdens. Customs reforms are also proposed to facilitate trade. These measures support India's economic growth.
PM Modi to chair key CCS meet at 7 pm in Delhi to review West Asia situation
Prime Minister Narendra Modi will lead a crucial meeting of the Cabinet Committee on Security. The focus will be on the West Asia situation and its potential effects on India's energy security and economy. This follows a previous assessment of essential commodities. The government is preparing a coordinated response to manage any disruptions.
DA hike delay sparks concern: Employees’ bodies urge FM Sitharaman for quick announcement
SB Yadav, secretary general, Confederation of Central Govt Employees & Workers, in a letter dated April 8, 2026, wrote to the Finance Minister to step in announce the dearness allowance (DA) and dearness relief (DR) for employees and pensioners, respectively. The confederation wrote that the delay in announcement is triggering severe discontent and apprehensions amongst employees and pensioners
PM Modi to hold virtual meet with non poll bound CMs over West Asia conflict preparedness
Prime Minister Modi will convene a virtual meeting with chief ministers of non-poll-bound states on Friday to assess their readiness for the ongoing West Asia conflict. Key Union ministers and top officials will join the discussion, emphasizing coordinated 'Team India' action. This marks the first such high-level interaction focused on the escalating regional tensions.
Govt notifies Finance Act 2026 that changes tax provisions from April 1
The Finance Act 2026 has been notified, bringing changes to tax rules for the upcoming fiscal year. Parliament approved the Finance Bill 2026, completing the budgetary process. The Union Budget 2026-27 outlines significant expenditure and revenue targets. A new 12 percent surcharge on capital gains from company share buybacks will apply to individuals and corporations starting April 1.
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill
The Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, replacing the underutilized fast-track process with a new creditor-initiated insolvency framework. Finance Minister Nirmala Sitharaman highlighted that the IBC has facilitated the resolution of 1,376 companies, recovering Rs 4.11 lakh crore. The amendments aim to expedite insolvency applications and introduce provisions for group and cross-border insolvency.
Russian firms can scale up oil, LNG supplies to India: Country's first Deputy Chairman Manturov
Russia's First Deputy Chairman Denis Manturov reaffirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas (LNG) to the Indian market amid the energy crisis due to the conflict in West Asia, underlining deepening energy cooperation between the two countries during his official visit to the country.
Finance minister Nirmala Sitharaman assures fiscal vigil amid oil spike
India's Finance Minister Nirmala Sitharaman is boosting efforts to raise funds and control the fiscal deficit. The government is protecting citizens from rising crude oil prices. Lockdowns are not planned. She urged leaders to avoid spreading rumors. Excise duty on petrol and diesel has been cut to manage domestic inflation and volatility.
Government has taken steps to mitigate risks arising from West Asia conflict: Ministry of Finance
India's government is actively addressing the West Asia crisis. New groups are formed to tackle supply chains and energy. Measures are in place to diversify oil imports and boost domestic production. The focus is on managing economic risks and ensuring stability. These actions aim to protect the nation's economy from global disruptions.
BJP’s Kerala strategy: Local faces, development pitch & high-stakes bid to break the two-front political system
BJP Kerala Elections Strategies: The BJP is intensifying its election campaign in Kerala. The party focuses on specific constituencies and local leaders. A development-driven message is central to its strategy. This aims to challenge the long-standing dominance of the LDF and UDF. The BJP seeks to convert its growing vote share and local body performance into Assembly seats.
Rajnath Singh chairs first IGoM meet on West Asia situation, calls for proactive and coordinated response
Defence Minister Rajnath Singh led a key meeting of ministers to address the West Asia situation. The group discussed impacts on India and planned proactive steps. Ministers emphasized vigilance and coordinated action. Presentations highlighted sectoral issues and policy measures. The government is committed to protecting citizens from conflict effects. Information sharing and public advisories are prioritized.
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolution
A new bill aims to speed up bankruptcy resolution in India. Finance Minister Nirmala Sitharaman introduced amendments to the Insolvency and Bankruptcy Code. The proposed changes focus on creditor-led, out-of-court settlements. This aims to reduce delays and improve the process for resolving insolvent companies. The bill also addresses cross-border and corporate group insolvency cases.
No jail for first-time traffic, pollution offences? Government proposes shift to fines
The Jan Vishwas Bill aims to decriminalize minor offenses. Jail terms for first-time road safety and pollution violations will be replaced by fines. Power sector non-compliance and unauthorized hawking on trains will also see monetary penalties. Homebuyers will benefit from the removal of imprisonment for non-compliance with Real Estate Appellate Tribunal orders. Repeat offenses will still face stricter consequences.
UPI cleanup drive: Govt asks banks, NPCI to curb failures, boost success rates
With the digital payment landscape in India experiencing rapid growth, there is a growing call for banks to partner with the National Payments Corporation of India to address the rising number of unsuccessful Unified Payments Interface transactions. This collaboration aims to fortify user trust in the system as smaller banks struggle with increased errors and transaction failures.
Online betting: Telangana HC dismisses Fino Bank MD Rishi Gupta’s plea, denies bail
Gupta sought to be released on bail. He also moved to have the March 1 remand order passed by the special judge for trial of economic offences cases, Hyderabad, declared illegal.
PM Modi chairs special CCS meet to review steps amid war
Prime Minister Narendra Modi led a crucial meeting to tackle challenges in key sectors like agriculture and logistics. The government is boosting coordination with states to ensure essential supplies and combat misinformation. Efforts are underway to diversify energy sources and secure supply chains. Measures are in place to maintain stable prices and availability of commodities for citizens.
Lok Sabha approves Finance Bill, tax rules eased
The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill also allows retrospective tax case reopening and revalidation of past orders. Finance Minister Nirmala Sitharaman stated the aim is to reduce litigation and compliance burdens for small taxpayers and businesses.
India mandates export tax on refineries selling petrol and diesel overseas
India has imposed an export tax on petrol and diesel. This decision follows a significant surge in international fuel prices. The government aims to ensure domestic supply and protect consumers from global price shocks. Refineries exporting these fuels will now be subject to the new tax. This move addresses the sharp rise in global crude oil costs.
Stock market investors, take note of these 6 key changes that come into effect from April 1
From April 1, investors face key regulatory and tax changes including higher STT on derivatives, removal of interest deduction on dividend income, revised buyback taxation, new ETF valuation norms, tighter sovereign gold bond tax rules and a structured algo trading framework, all of which could impact trading costs, returns and market behaviour.
Lok Sabha approves Demands for Grants for various ministries
The Lok Sabha has approved a massive expenditure of over Rs 53 lakh crore for the 2026-27 financial year. This significant approval came after the passage of the Demands for Grants for various ministries. The House also cleared the Appropriation Bill (2) Bill, 2026, authorizing payments from the Consolidated Fund of India.
Rajnath Singh chairs IGoM meet, urges constant vigil over West Asia crisis
Defence Minister Rajnath Singh led a crucial meeting on the West Asia conflict. The government is closely monitoring the situation. Measures are being taken to protect India's interests and minimize the impact on citizens. Steps include customs duty exemptions and support for industries. Domestic LPG supply is prioritized, with action against hoarding.
Reliance Industries shares drop 5%, wipe off Rs 88,000 cr from market value as govt reimposes windfall tax on fuel exports
Reliance Industries shares fell, wiping out more than ₹82,000 crore in market value after the government reinstated windfall taxes on diesel and ATF exports. The move, aimed at boosting domestic supply amid volatile global oil markets, was confirmed by Nirmala Sitharaman, who said higher duties would ensure adequate availability of fuel within the country.
Sitharaman introduces Corporate Laws (Amendment) Bill, 2026 in Lok Sabha
Finance Minister Nirmala Sitharaman presented the Corporate Laws (Amendment) Bill, 2026, and the Finance Bill, 2026 in the Lok Sabha. These bills aim to update the Limited Liability Partnership Act, 2008, and the Companies Act, 2013. The Finance Bill will provide legal backing for budget measures. Prime Minister Narendra Modi will also address the Lok Sabha today.
Govt gets Parliament nod for Rs 2.01 lakh crore additional spending in FY26
Parliament has approved a significant Rs 2.01 lakh crore in additional spending for the current fiscal year. The Rajya Sabha returned the Appropriation Bill 2026 to the Lok Sabha after Finance Minister Nirmala Sitharaman's reply. This approval allows the government to meet its financial obligations and fund various initiatives.
Kerala did not apply for Rs 311.95 cr national disaster mitigation fund: FM in Lok Sabha
Union minister Nirmala Sitharaman informed the Lok Sabha that Kerala has not claimed Rs 311.95 crore from the National Disaster Mitigation Fund. The minister clarified that central grant approval is separate from states applying for the funds. Utilization certificates are required for further fund release. This comes as Kerala faces assembly polls next month.
Rajnath Singh to head Inter-Ministerial Group on Middle East conflict
An Inter-Ministerial Group, led by Defence Minister Rajnath Singh, has been formed to address Middle East conflict concerns. The government has reduced excise duties on petrol and diesel. Windfall tax on diesel exports and taxes on Aviation Turbine Fuel have also been revised. These measures aim to stabilize fuel prices amid global energy crisis.
Union Budget 2026 gets Parliament nod; Finance Bill approved
Parliament has approved the Finance Bill 2026. This marks the completion of the budgetary exercise for the upcoming fiscal year. The Union Budget 2026-27 outlines significant expenditure and capital investment. Key proposals include changes to Securities Transaction Tax and the extension of the ITR filing date for certain businesses. The budget also details plans for new high-speed and freight corridors.
Lockdown in India? Oil Minister Hardeep Puri addresses the rumours
The Indian government has officially clarified that rumors of a potential nationwide lockdown are entirely false. Union Minister Hardeep Singh Puri stated on X that no such proposal is currently being considered by the government. This announcement aims to dispel public concerns and provide clear information regarding any lockdown possibilities.
Should talk to Opposition in country instead of Trump: Sanjay Raut jibes at PM Modi
The UBT Sena MP said that instead of engaging with former US President Donald Trump on global issues like the Middle East crisis, Modi should be speaking to the Opposition in India, claiming it would yield better suggestions. He also remarked that Trump appeared to be acting as though he were "Modi's boss," intensifying his criticism.
Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behind
Despite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bottleneck, limiting MSME participation.
'We are not dalaal nation like Pakistan': EAM Jaishankar at all-party meet
India has informed Pakistan is a broker nation regarding West Asia conflict mediation. Prime Minister Narendra Modi conveyed to US President Donald Trump that the West Asia war must end soon. The government stated it is commenting and responding to the situation. India's prime concerns are the security of its diaspora and domestic energy needs.
Opposition alleges petrol prices stable only till Assembly polls get over
Opposition members in Rajya Sabha questioned the government's excise duty cuts on petrol and diesel, linking them to upcoming assembly elections. They sought assurances that prices would not rise post-polling. The government's budget was defended by a BJP member, highlighting economic growth and welfare measures. Discussions also covered farmer issues and wealth inequality.
Corporate Laws (Amendment) Bill, 2026 introduced in Lok Sabha, sent to JPC
A new bill to amend corporate laws was introduced in the Lok Sabha. The legislation seeks changes to the Limited Liability Partnership Act and the Companies Act. The bill has been sent to a Joint Parliamentary Committee for a thorough review. The Finance Minister will also present the Finance Bill, 2026.
Parliament watch: No GST impact study, govt not considering farm loan waiver, jobs for Agniveers, and SASCI near full disbursal
The finance ministry has stated no formal study on GST rate rationalization's inflationary impact has been conducted, though lower rates are expected to benefit consumers. Separately, the Union government is not considering a farm loan waiver, with agricultural credit rising steadily. Meanwhile, 25% of Agniveers are absorbed into the armed forces, with the rest finding civilian job opportunities.
Income Tax slabs change for FY 25-26 from April 1, 2026? Will there be a change as per New tax rules 2026
Taxpayers can breathe easy as income tax slabs remain unchanged for FY 2026-27. The Income-tax Act, 2025, effective April 1, 2026, brings no alterations to existing tax brackets. Both the old and new tax regimes will continue with their current structures.
India better placed to absorb shocks, supports stabilisation fund amid global uncertainty: RBI Bulletin
The Reserve Bank of India backs a new economic stabilisation fund. This fund will help India manage global challenges and oil price swings. The RBI stated that India's foreign exchange reserves are strong enough to handle external shocks. The rupee has weakened this year, prompting RBI intervention. The central bank is actively managing currency markets to ensure stability.
IndiGo shares drop 5% as Motilal Oswal cuts target price on higher fuel costs, other headwinds
Shares of IndiGo parent InterGlobe Aviation fell nearly 5% on Friday as elevated oil prices and Middle East tensions pressured aviation stocks. Brokerages cut target prices citing higher fuel costs, rupee weakness and disrupted international routes. IndiGo also received a ₹42.92-crore GST demand notice, which the airline plans to contest.
Centre assures 'situation under control' amid West Asia crisis, energy security stable: Sources
The Indian government reassured political parties that the nation remains on an equal footing amidst West Asian conflict, with energy security stable and supply lines active. Proactive diplomatic outreach is underway, ensuring citizens' safety and preparedness for any eventuality through coordinated efforts.
Vijay Kedia calls for open market buybacks after bloodbath; says retail investors quietly held market together
Market expert Vijay Kedia backed Mohandas Pai’s call for open-market buybacks to stabilise equities, saying retail investors quietly held markets together amid relentless FII selling. With benchmarks sliding nearly 10% in a month, sentiment improved slightly after Donald Trump signalled progress in U.S.–Iran talks.
West Asia war: PM Modi to chair meeting with CMs tomorrow, review preparedness
Prime Minister Narendra Modi will meet Chief Ministers via video conference on Friday evening. The meeting will review state preparedness for the West Asia conflict. Discussions will focus on coordinated action and "Team India" synergy. Jammu and Kashmir Chief Minister Omar Abdullah urged citizens not to panic about fuel shortages.
No proposal for complete loan waiver for farmers: FM Sitharaman
The central government has no plans for a complete farmer loan waiver. Finance Minister Nirmala Sitharaman highlighted measures like Kisan Credit Cards and crop insurance to boost farmers' finances. She also clarified that disability pension exemptions for armed forces personnel will continue under the new Income-Tax Act, 2025.
One battle after another: How India fared in the year of Trump tariffs
Beginning April 2025, India found itself navigating turbulent waters due to sweeping changes in US trade policy led by President Trump. The imposition of tariffs posed a substantial threat to Indian exports, prompting New Delhi to innovate through strategic diversification and robust domestic reforms.
Govt to soon come out with revamped Stand-Up India scheme: Nirmala Sitharaman
The government is set to introduce a revamped Stand-Up India scheme. This initiative will offer enhanced benefits to entrepreneurs from Scheduled Castes, Scheduled Tribes, and women. The modified scheme aims to empower more individuals to establish new businesses. It incorporates lessons learned from the original program.
New Income Tax Act 2025 to prioritize simplicity and stakeholder engagement, says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced the Income Tax Act 2025, replacing the 1961 Act with a simpler, more concise framework effective April 1, 2026. The new law aims to foster voluntary compliance through extensive stakeholder consultation and a focus on taxpayer partnership, not adversarial relationships.
Bill to amend laws governing companies and LLPs introduced in Lok Sabha
An innovative proposal is on the table aimed at transforming business operations in India. This bill introduces simplified guidelines for share buybacks and accelerates the merger process for companies. The National Financial Reporting Authority is set to gain expanded powers to enhance oversight. Furthermore, flexibility in corporate social responsibility norms will cater specifically to smaller businesses.
FM Sitharaman urges tax officials to focus on fairer demand, faster resolution
During a recent conference, Finance Minister Nirmala Sitharaman highlighted the importance of easing tax payment processes for well-meaning citizens. She championed leveraging cutting-edge technology to pinpoint tax evaders. With the upcoming Income Tax Act, effective April 1, 2025, the goal is to transition India into a more tax-friendly environment.
IRDAI holds talks on Public Insurance Registry design
India's insurance regulator, IRDAI, met with industry leaders to discuss the new Public Insurance Registry and Bima Sugam platform. This digital infrastructure aims to boost transparency and consumer protection. The initiative will consolidate insurance data, reduce information gaps, and improve fraud detection. It will cover the entire insurance process from policy to claims, enhancing regulatory oversight and promoting insurance inclusion.
SWAMIH Fund II rollout underway, Rs 15,000 crore boost for stalled housing, says Nirmala Sitharaman
The SWAMIH Investment Fund II is being launched to help homebuyers with stuck investments. This fund aims to complete stalled housing projects across India. SWAMIH has already delivered over 63,000 homes and is reviving buyer confidence. The initiative provides priority debt financing for affordable and mid-income housing projects in distress. It acts as a last resort for developers facing challenges.
Four special Lok Adalats planned for 2026 to dispose of cases before debt recovery tribunals: FM Sitharaman
Finance Minister Nirmala Sitharaman announced plans for four Special Lok Adalats in 2026. These will focus on clearing pending cases before Debt Recovery Tribunals and the Debt Recovery Appellate Tribunal. The initiative targets high-value cases, particularly those exceeding Rs 100 crore. This strategy aims to expedite the disposal of these significant financial matters.
Revamped Stand-Up India scheme soon: Nirmala Sitharaman
Replying to a supplementary question in the Lok Sabha, Sitharaman said the modified programme would incorporate lessons from the earlier scheme, which was discontinued in April 2025 after nine years. "With studies done by Niti Aayog and others, this scheme is being redrafted and soon the Cabinet will be given a proposal with which we will launch a new scheme to continue with Stand-Up India, which benefitted SC/ST and women all over the country," she said.
Is there a new scheme promising Rs 20 lakh monthly returns? Here is what the government said
Beware of fake investment schemes promising huge monthly returns. Fraudsters are using misleading websites and AI-generated content, falsely associating Finance Minister Nirmala Sitharaman with these scams.
Govt seeks Lok Sabha nod for Rs 2.81 lakh crore gross additional expenditure in FY26
The government on Tuesday sought Lok Sabha approval for additional spending of over Rs 2.81 lakh crore in the current fiscal through the second batch of Supplementary Demands for Grants tabled by Finance Minister Nirmala Sitharaman.
