Finance

Addressing a long-standing grievance of the Indian middle class and global workforce, the Ministry of Finance has officially notified the Foreign Assets of Small Taxpayers (FAST) Disclosure Scheme, 2026. Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2026-27, this one-time, six-month compliance window is specifically designed for students, young tech professionals, and relocated … Read more

In a landmark legislative shift, the Government of India has officially notified the implementation of the Income Tax Act, 2025, which will supersede the six-decade-old Income Tax Act of 1961 starting April 1, 2026. Unveiled by Finance Minister Nirmala Sitharaman in the Union Budget 2026-27, this comprehensive structural reset aims to modernize India’s fiscal landscape … Read more

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

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

NEW DELHI – In a significant assessment of India’s macroeconomic health, the Ministry of Finance has declared that the Indian economy has successfully transitioned from the “Twin Balance Sheet Problem” of the previous decade to a “Twin Balance Sheet Advantage.” Following the tabling of the Economic Survey 2025-26, Finance Minister Nirmala Sitharaman noted that the … Read more