Miniratna Status for Yantra India Limited: The Defence Minister granted Miniratna Category-I status to Yantra India Limited, recognising its swift transformation into a profit-making Defence Public Sector Undertakings (DPSUs) within four years.Yantra India Limited is one of the seven new DPSUs created after the corporatisation of the erstwhile Ordnance Factory Board on 1st October 2021, […]
Category: Economics Current Affairs
16th Finance Commission
16th Finance Commission: Finance Minister Nirmala Sitharaman tabled the 16th Finance Commission (FC) report in Parliament on February 1, 2026, alongside the Union Budget. The government has accepted its key recommendation to maintain the states’ share in central taxes at 41% for the period of 2026-31. The states’ share in the divisible pool of central […]
Basic Customs Duty : Union Budget 2026
Basic Customs Duty : Union Budget 2026 Bringing immediate relief to patients with cancer and rare diseases, Union Budget 2026-27 proposed a full exemption of basic customs duty on 17 cancer-related drugs and medicines. BCD is a type of tax imposed on goods imported into India. It is levied on imported items under the Customs […]
Securities Transaction Tax : Union Budget 2026
Securities Transaction Tax : Union Budget 2026 The Finance Minister recently proposed to raise the Securities Transaction Tax (STT) on both futures and options by up to 150%. It is a direct tax levied on the purchase and sale of securities listed on recognised stock exchanges in India. It is levied and collected by the […]
Tax Reforms under Union Budget 2026-27
Tax Reforms under Union Budget 2026-27: The government replaces the existing Income Tax Act, 1961 with a new, simplified Income Tax Act, 2025, effective from 1st April 2026. Tax Rates: No changes to the tax slabs for FY 2026-27; stability maintained. Tax Collected at Source (TCS) on overseas tour packages and remittances for education/medical purposes […]
Highlights of the Union Budget 2026-27
Highlights of the Union Budget 2026-27: The Union Minister of Finance and Corporate Affairs presented the Union Budget 2026–27 in Parliament, marking the first Budget prepared in the newly inaugurated Kartavya Bhawan.The budget framed as a Yuva Shakti-driven Budget, is anchored in the vision of Viksit Bharat and reflects the guiding principles of Action over […]
RBI–ESMA Memorandum of Understanding
RBI–ESMA Memorandum of Understanding: The Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA) during the visit of the President of the European Council and the President of the European Commission to India.The MoU will enable formal recognition of the Clearing Corporation of India Ltd. […]
Record Allocation for defence
Record Allocation for defence: In the Union Budget 2026–27, Finance Minister Nirmala Sitharaman announced a record ₹7.85 lakh crore allocation for defence, the highest ever.The defence allocation for 2026–27 represents a strategic fiscal push to modernise the armed forces, meet post-operation requirements, and accelerate Aatmanirbhar Bharat in defence manufacturing.The government proposed to exempt basic customs […]
BHARAT SAMPARK – Engaging India’s Young Minds
BHARAT SAMPARK – Engaging India’s Young Minds: The Economic Survey–linked outreach initiative BHARAT SAMPARK – Engaging India’s Young Minds gained prominence after Union minster interacted with students at Indian Institute of Technology Delhi.BHARAT SAMPARK – Engaging India’s Young Minds is a government outreach and engagement initiative aimed at connecting India’s youth, especially students of premier […]
New Consumer Price Index (CPI) series
New Consumer Price Index (CPI) series: The Union Ministry of Statistics and Programme Implementation (MoSPI) has released details of a new Consumer Price Index (CPI) series, revising the base year from 2011–12 to 2023–24 and cutting the weight of food and beverages from ~46% to ~37%.The new CPI series is an updated framework for measuring […]
