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Mumbai, Apr 1 (PTI) The rupee gained 15 paise to 94.70 against US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and retreating American currency overseas. The local currency, however, remained under pressure due to higher crude oil prices and sustained withdrawal of foreign funds even as banks moved to cut their net open position in the currency following the RBI mandate, forex traders said. Through its circular dated March 27, 2026, RBI capped the Net ...Read More >
Bengaluru, Mar 31 (PTI) Karnataka Chief Minister Siddaramaiah on Tuesday criticised State BJP president B Y Vijayendra's demand for a "white paper" on the government's finances, calling it a reflection of his poor understanding of economics and political maturity. He said the allegation that the state is bankrupt stems from the "helplessness, frustration, and jealousy" of BJP leaders who are unable to confront his government politically. "The demand by BJP State President B Y Vijayendra to rel ...Read More >
Chandigarh, Mar 31 (PTI) Punjab Congress president Amrinder Singh Raja Warring on Tuesday thanked Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu for reversing the hike in the entry tax on vehicles entering the hill state. Warring spoke with Sukhu over the phone to convey his gratitude and later posted on X. "I express my profound gratitude to the Chief Minister of Himachal Pradesh Shri Sukhvider Sukhu Ji for conceding to our request to revert the entry tax for outside vehicles, includi ...Read More >
Guwahati, Mar 31 (UNI) Pledging to enforce a Uniform Civil Code (UCC) within three months and end 'Love Jihad' and 'Land Jihad', the ruling Bharatiya Janata Party (BJP) on Tuesday released its manifesto for the upcoming Assam Assembly polls. The document, christened "Sankalpa Patra", also promises to pump in Rs 5 lakh crore to elevate Assam as the country's Eastern Gateway. The "Sankalpa Patra", containing 31 promises, was released by union Finance Minister Nirmala Sitharaman in the presence o ...Read More >
New Delhi: The government has notified the Finance Act 2026 to bring into effect the financial proposals of the Union Budget for 2026-27. A gazette notification issued by the Ministry of Law and Justice stated: "The Finance Act 2026 received the assent of the President on March 30, 2026 and is hereby published for general information." The Parliament on Friday approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by a voice vote, completing the legislative process t ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The government has notified the Finance Act 2026 to bring into effect the financial proposals of the Union Budget for 2026-27. A gazette notification issued by the Ministry of Law and Justice stated: "The Finance Act 2026 received the assent of the President on March 30, 2026 and is hereby published for general information." The Parliament on Friday approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by a voice vote, completing ...Read More >
Hyderabad, Mar 31 (Maxim News): Former minister and deputy floor leader Harish Rao alleged that the assembly has been run as it pleases.. They wasted four hours by saying that there is a tea break in the assembly and that the Chief Minister is coming from Delhi one day and from Kerala the other. Here To Join Us On WhatsApp Speaking at the media conference, Harish Rao said.. One day, the minister will stop the assembly by saying that there is a wedding, and one day, the finance minister will be ...Read More >
New Delhi: The government has notified the Finance Act 2026, paving way for effecting changes in tax provisions. This Act gives effect to financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said. "The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information," it said. Also Read: Union Budget 2026 gets Parliament nod; Finance Bill appr ...Read More >
NEW DELHI: With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1. Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase in charges on options. ...Read More >
New Delhi, Mar 31 (PTI) The government has notified the Finance Act 2026, paving way for effecting changes in tax provisions. This Act gives effect to financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said. "The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information," it said. Last week, Parliament approved the Finance Bill 2026 w ...Read More >
Banks use locker scarcity to pressure customers into investments. A customer at a private bank walked in to request a locker, a fairly routine banking need. He was ready to meet the formal requirements, including maintaining a fixed deposit linked to the locker. But instead of a simple application process, he was given a choice. Buy a ULIP worth around Rs 1 lakh. Or take a term insurance policy of about Rs 40,000. Only then, he was told, could his locker request be considered. The customer ( ...Read More >
The ruling Bharatiya Janata Party (BJP) on Tuesday released its manifesto for the next month's Assam assembly polls and promised to implement the Uniform Civil Code (UCC) in the next three months if elected to power again. The BJP's 'Sankalp Patra', released by Union Finance Minister Nirmala Sitharaman in the presence of Assam Chief Minister Himanta Biswa Sarma, comprises 31 promises, including bringing an effective law to end 'Love Jihad' and 'Land Jihad'. ...Read More >
New Delhi: Banks in India cannot see, record or inspect the valuables customers store in bank lockers, Union Finance Minister Nirmala Sitharaman told the Lok Sabha during Question Hour on 30 March 2026. She said this would violate banking regulations and customer privacy, and ruled out the possibility of differential insurance coverage based on the contents of lockers. Under the current framework, standard insurance compensation for locker loss is capped at 100 times the annual locker rent, and ...Read More >
Guwahati, March 31: The Bharatiya Janata Party (BJP), on Tuesday, released its Sankalp Patra for the April-9 Assam Assembly elections, outlining a broad development agenda centred on economic growth, welfare expansion and governance reforms. The manifesto was unveiled at Vajpayee Bhawan in the presence of Union Finance Minister Nirmala Sitharaman, Chief Minister Himanta Biswa Sarma, Union Minister Sarbananda Sonowal and state BJP president Dilip Saikia, among other senior leaders. Addressing t ...Read More >
Guwahati: Union Finance Minister Nirmala Sitharaman and Assam Chief Minister Himanta Biswa Sarma on Tuesday (March 31) released the poll manifesto in Guwahati for the Assam Assembly Elections 2026. Union Minister Sarbanda Sonowal, state BJP Chief Dilip Saikia, and other leaders were also present at the event. The BJP's 'Sankalp Patra' comprises 31 promises, including the recovery of encroached land from "Bangladeshis", bringing in the Uniform Civil Code, and ensuring the development of the state ...Read More >
Bhubaneswar: The Appropriation Bill is scheduled to be passed in the Odisha Assembly today. The budget was presented on February 20. The Appropriation Bill will be passed in the Assembly today. On February 20, Finance Minister cum Chief Minister Mohan Charan Majhi presented the budget for the financial year 2026-27. A budget of Rs 3.10 lakh crore was presented. Meanwhile, the opposition parties in Odisha have intensified their demand for the resignation of Health Minister Mukesh Mahaling follo ...Read More >
NEW DELHI: The Bharatiya Janata Party on Tuesday unveiled its manifesto for the Assam assembly elections 2026, outlining an ambitious mix of cultural, economic and governance promises aimed at consolidating its position in the state. The document, released by finance minister Nirmala Sitharaman, lays out 31 commitments under the party's "Sankalp Patra."A central plank of the manifesto is the promise to safeguard the land, heritage, and dignity of Assam's indigenous communities. The BJP has also ...Read More >
Guwahati, March 31: Union Finance Minister Nirmala Sitharaman on Monday unveiled the Bharatiya Janata Party's (BJP) 'Sankalp Patra' (manifesto) for the upcoming Assam Assembly elections at an event held at Vajpayee Bhawan in Guwahati. The launch programme was attended by Assam Chief Minister Himanta Biswa Sarma, Union Minister Sarbananda Sonowal, and state BJP president Dilip Saikia, along with other senior party leaders and workers. Addressing the gathering, Sitharaman said the manifesto refle ...Read More >
Guwahati, March 31 (SocialNews.XYZ) Union Finance Minister Nirmala Sitharaman on Monday unveiled the Bharatiya Janata Party's (BJP) 'Sankalp Patra' (manifesto) for the upcoming Assam Assembly elections at an event held at Vajpayee Bhawan in Guwahati. The launch programme was attended by Assam Chief Minister Himanta Biswa Sarma, Union Minister Sarbananda Sonowal, and state BJP president Dilip Saikia, along with other senior party leaders and workers. Addressing the gathering, Sitharaman said th ...Read More >
Guwahati, Mar 31 (PTI) Union Finance Minister Nirmala Sitharaman on Tuesday released the BJP's manifesto for Assam assembly polls, promising protection of land, heritage and dignity of indigenous people and Rs 5 lakh crore infrastructure investment. BJP's 'Sankalp Patra' comprises 31 promises, including the recovery of encroached land from Bangladeshi Miyas, bringing in Uniform Civil Code, and ensuring the development of the state, employment opportunities for youths. Sitharaman said this manif ...Read More >
Nirmala Sitharaman says rupee is "absolutely fine" even as it crosses 95 per dollar, citing strong economic fundamentals and resilience versus peers. Finance Minister Nirmala Sitharaman on Monday said the country's economic fundamentals remain robust, asserting that the rupee is performing "absolutely fine" compared with other emerging market currencies against the dollar. Addressing a supplementary question in the Lok Sabha on the recent weakening of the rupee, Sitharaman highlighted the stre ...Read More >
New Delhi, March 31 (SocialNews.XYZ) As India approaches the new fiscal year FY27, the country's direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force -- replacing the six-decade-old 1961 legislation and introducing changes in compliance, terminology and taxation. Major reform under the new framework is the replacement of the 'Financial Year' (FY) and 'Assessment Year' (AY) with a single 'tax year', which could simplify the filing ...Read More >
Guwahati (Assam) [India], March 31 (ANI): Bharatiya Janata Party (BJP) on Tuesday released its 'Sankalp Patra' (manifesto) for the 2026 Assam Assembly elections in Guwahati. Union Ministers Nirmala Sitharaman and Sarbananda Sonowal, Chief Minister Himanta Biswa Sarma, State BKP president Dilip Saikia and others were present at the ceremony. CM Sarma promised a Uniform Civil Code and two lakh jobs in the state. "We will implement UCC in Assam, excluding Sixth Schedule, ST areas. We will take s ...Read More >
NEW DELHI: Finance minister Nirmala Sitharaman said amendments to the Insolvency & Bankruptcy Code (IBC) will help maximise value for stakeholders as the Lok Sabha passed the bill on Monday.She said the 12th Amendment seeks to strengthen the existing insolvency framework, as well as address practical challenges, and incorporate evolving global best practices. She added that the law has been a major factor in improving the health of the country's banking sector.Citing extensive litigation by prom ...Read More >
Addressing a press conference, Cheema said 882 establishments in urban centres like Mohali, Jalandhar, and Ludhiana are being investigated, with ₹2.02 crore recovered so far. The minister said that these outlets were identified through a state-wide data-driven enforcement exercise. "With the inclusion of data for the financial years 2023-24 and 2024-25, the total magnitude of evasion is likely to reach approximately ₹500 crore," he said. In the preliminary inquiry, 239 cases have been exami ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday said the rupee is "doing fine" when compared with the relative performance of other emerging market currencies against the dollar and that India's economic fundamentals remain strong amid the West Asia war. "India's economy is strong, our fiscal situation is strong, and the entire world is praising our fiscal deficit management. Our foreign exchange reserves remain solid," Sitharaman said in response to a supplementary question raised by ...Read More >
ITANAGAR, 30 Mar: Arunachal Pradesh has been allocated Rs 4,900 crore under the 'pride of hills' scheme under the Special Assistance to States for Capital Investment (SASCI). The scheme, with an outlay of Rs 25,000 crore for the financial year 2026-27, has been launched to accelerate development in the hill states of the country. "The allocation of Rs 4,900 crore for Arunachal will help us improve fiscal stability and invest further in creating revenue generating assets," Chief Minister Pema K ...Read More >
Chandigarh: Punjab finance minister Harpal Singh Cheema on Monday claimed to have revealed a Rs 200-crore turnover evasion racket in Punjab's hospitality sector, claiming that it exposed "deep-rooted and systemic" under-reporting across dhabas, eateries, restaurants, and fast-food outlets.Addressing a press conference, Cheema said, "Dhabas account for approximately Rs 10 crore of the suppression, followed by small eateries, coffee, and chai bars at Rs 8 crore, and pizza and fast-food outlets exc ...Read More >
New Delhi, March 30 (SocialNews.XYZ) The Enforcement Directorate has investigated 1,105 bank fraud cases under the Prevention of Money Laundering Act (PMLA) and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. She also said that action had been taken under the Fugitive Economic Offenders Act (FEOA) against those evading Indian law by staying abroad. This was a reference to high-profile cases such as the Nirav Modi case, ...Read More >
Thiruvananthapuram, March 30 (SocialNews.XYZ) The Social Democratic Party of India (SDPI) has outlined a flexible, constituency-driven strategy for the Kerala Assembly elections, even as Leader of the Opposition V. D. Satheesan sharpened his attack on Chief Minister Pinarayi Vijayan over the issue of its backing for his LDF. Kerala goes to the polls on April 9 to elect 140 new legislators. SDPI national President M. K. Faizy on Monday said the party would support fronts best placed to defeat t ...Read More >
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