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Union Budget 2026-27: Securities Transaction Tax (STT) on Derivatives Revised to Curb Market Speculation

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In a move aimed at safeguarding the financial health of retail investors and maintaining systemic stability, the Government of India has announced a significant upward revision in the Securities Transaction Tax (STT) on derivatives. Presenting the Union Budget 2026-27, Finance Minister Nirmala Sitharaman detailed the changes under Clause 143 of the Finance Bill, which modifies … Read more

Finance Ministry Notifies New Direct Tax Reforms to Simplify Compliance for Middle-Class Taxpayers

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NEW DELHI – In a move that signals the beginning of a new era in Indian fiscal policy, the Ministry of Finance has officially notified a series of sweeping direct tax reforms aimed at fundamentally altering the relationship between the taxpayer and the state. Following the roadmap laid out in the Union Budget 2026-27, these … Read more

PM Surya Ghar Muft Bijli Yojana: Aiming for 1 Crore Households to Achieve Energy Sovereignty

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NEW DELHI – In a move that signals a decisive shift toward decentralized renewable energy, the Government of India has ramped up the implementation of the PM Surya Ghar Muft Bijli Yojana. Launched with an initial outlay of ₹75,021 crore, the scheme has reached a critical milestone in early 2026, with over 28 lakh households … Read more

Pradhan Mantri Awas Yojana (PMAY) Rural: Strategic Allocation of ₹54,917 Crore for FY 2026-27

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In a move to accelerate the “Housing for All” mission, the Government of India has announced a substantial fiscal commitment of ₹54,917 crore for the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for the financial year 2026-27. This strategic allocation, unveiled as part of the Union Budget 2026-27, reflects a significant 69% increase over the previous year’s … Read more

Government Launches ‘PM-SETU’ to Transform Youth Employability Through Upgraded ITIs

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NEW DELHI – In a historic step toward achieving universal health coverage, the Government of India has officially notified the expansion of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include every senior citizen in the country aged 70 and above. Following the recent Union Budget 2026-27, where the allocation for PM-JAY … Read more

Cabinet Approves Expansion of India Semiconductor Mission (ISM) 1.0 to Enhance Domestic Capabilities

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NEW DELHI – In a move destined to redefine India’s position in the global technology value chain, the Union Cabinet has officially approved the strategic expansion of the India Semiconductor Mission (ISM) 1.0 and launched the ambitious ISM 2.0. This transition marks a decisive shift from merely attracting assembly and testing operations to building a … Read more

PM Modi Highlights ‘Three Kartavyas’ as the Foundation for Viksit Bharat by 2047

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NEW DELHI – In a landmark address following the presentation of the Union Budget 2026-27, Prime Minister Narendra Modi outlined a transformative vision for India’s future, anchored by the framework of the ‘Three Kartavyas’ (Three Duties). Speaking from the newly inaugurated Kartavya Bhawan, the Prime Minister emphasized that these duties are not merely policy goals … Read more

Government to Operationalize ‘Customs Integrated System’ to Facilitate Single-Window Global Trade

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To reduce the dwell time of cargo and modernize India’s entry and exit points, the Union Ministry of Finance has announced the phased rollout of the Customs Integrated System (CIS). Unveiled by Finance Minister Nirmala Sitharaman during the Union Budget 2026-27, the CIS is envisioned as a single, scalable, and high-tech digital platform that will … Read more

Union Budget 2026: Tax Holiday Notified for Foreign Cloud Service Providers Leveraging Indian Data Centers

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In a strategic move to position India as a global digital powerhouse, the Ministry of Finance has officially notified a landmark tax incentive for the cloud and data center industry. As part of the Union Budget 2026-27, a comprehensive tax holiday until 2047 has been granted to foreign companies that provide cloud services globally by … Read more

Ministry of Agriculture Notifies Special Incentives for High-Value Sandalwood and Medicinal Plant Cultivation

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NEW DELHI – In a move to reclaim India’s status as a global leader in high-value forestry and traditional medicine, the Ministry of Agriculture and Farmers’ Welfare, in collaboration with the Ministry of AYUSH, has officially notified a series of special incentives for sandalwood and medicinal plant cultivation. Announced during the Union Budget 2026-27 under … Read more