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New Delhi, April 1 (SocialNews.XYZ) The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a special one-time relief measure for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates of duty. The move comes in pursuance of the Union Budget 2026-27 announcement to address the concerns faced by the manufacturing units in the Special Economic Zones (SEZ) due to ongoing global trad ...Read More >
Bhubaneswar, Mar 31 (PTI) Amid a walkout by the opposition MLAs, the Odisha Assembly on Tuesday passed an appropriation Bill, allowing the state government to spend Rs 3.10 lakh crore from its consolidated fund during the financial year 2026-27. Speaking in favour of the Bill, Chief Minister Mohan Charan Majhi, who also holds the Finance portfolio, said the budget estimation for 2026-27 is Rs 3.10 lakh crore, which is 7 per cent more than the budget estimates made for the financial year 2025-26 ...Read More >
These initiatives were announced in the Budget presented in Parliament last month. ShowQuick Read Summary is AI-generated, newsroom-reviewed * CBIC removed the Rs 10 lakh value cap per consignment on courier exports from April 1 * Return to Origin facility introduced for uncleared goods after 15 days at courier terminals * Simplified procedures adopted for re-import of returned or rejected e-commerce export goods Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The ...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 >
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 >
Punjab Chief Minister Bhagwant Mann on Monday announced the launch of the 'Meri Rasoi' scheme, under which the state government will provide essential food kits to 40 lakh families registered under the National Food Security Act. Mann made the announcement while addressing the media after chairing a cabinet meeting. He said the initiative aims to ensure that children from poor families receive adequate nutrition. He said that the state government already provides subsidised wheat to beneficiar ...Read More >
Itanagar, Feb 23 (SocialNews.XYZ) Arunachal Pradesh Chief Minister Pema Khandu on Monday underscored the crucial role of the Micro, Small and Medium Enterprises (MSME) sector in driving India's economic growth, stating that since 2014, several policy interventions have been undertaken under the leadership of Prime Minister Narendra Modi to strengthen the country's economy. Under the MSME policies, there has been special emphasis on uplifting Scheduled Castes and Scheduled Tribes through the cre ...Read More >
Thiruvananthapuram, Dec 15 (PTI) Kerala Chief Minister Pinarayi Vijayan on Monday strongly protested the Union Government's decision to change the name and structure of the MGNREGA, saying it shows "the level of hatred the Sangh Parivar has" for the name and ideas of the father of the nation. Reacting to the Central Government's decision to introduce the Viksit Bharat Guarantee for Rozgar and Aajeevika Mission (Gramin) (VB-G RAM G) Bill, 2025 that seeks to replace the existing Mahatma Gandhi Na ...Read More >
India's economic future depends on strong investment. The Confederation of Indian Industry (CII) proposes the Union Budget 2026-27 boost public spending and private sector investment. CII suggests tax credits and easier compliance for businesses. They also recommend attracting foreign capital through an NRI Investment Promotion Fund. Simpler borrowing rules and a single-window system for foreign investments are also key. India's next phase of economic growth will depend on steady and strong inv ...Read More >
New Delhi, Dec 14 (PTI) Industry lobby CII has proposed a comprehensive set of reforms for the forthcoming Union Budget 2026-27 to drive sustained investment growth spanning public, private, and foreign investments and maintain India's momentum as one of the world's fastest-growing major economies. The Confederation of Indian Industry (CII) suggested increasing central capital expenditure by 12 per cent and capex support to states by 10 per cent in FY27; launching a Rs 150 lakh crore National I ...Read More >
New Delhi [India], November 20 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman has completed 10 rounds of Pre-Budget Consultations in New Delhi as part of the preparations for the forthcoming Union Budget 2026-27. The meetings, held over the past days, brought together representatives and experts from key sectors of the economy -- from agriculture and MSMEs to capital markets, manufacturing, services, and technology. Each consultation was attended by Union Minister o ...Read More >
For the first time, Union Finance Minister Nirmala Sitharaman on Tuesday (November 18, 2025) held a separate meeting with startup founders and representatives as part of her pre-Budget consultations. "Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the fifth Pre-Budget consultation with the stakeholders from the startups ecosystem in connection with the forthcoming Union Budget 2026-27, in New Delhi, today," the Ministry of Finance announced on Tuesday on its social medi ...Read More >
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. New Delhi [India], November 10 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. Th ...Read More >
New Delhi [India], August 14 (ANI): Foreign capital inflows into India are likely to accelerate following S&P recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB). In both the short and long term, foreign capital inflows can be expected to be impacted positively, as the upgrade reaffirms trust in India ound fundamentals and growth momentum. We are likely to see higher FPI inflows this year and a decli ...Read More >
Chief Economic Advisor V Anantha Nageswaran Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent t ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
Hyderabad: B. Chandra Sekhar, regional provident fund commissioner-I, Employees' Provident Fund Organisation (EPFO) zonal office Telangana, briefed the media on the Centre's newly approved Employment Linked Incentive (ELI) Scheme, which aims to create over 3.5 crore formal jobs over the next two years. Addressing the media on Tuesday, he described the ELI Scheme as a "direct intervention to shift the workforce into formal employment with long-term security. The initiative offers wage-linked inc ...Read More >
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi, has approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector. Under the Scheme, while the first-time employees will get one month's wage (up to Rs 15,000), the employers will be given incentives for a period to two years for generating additional employment, with extended benefits for ano ...Read More >
New Delhi: The Union Cabinet on Tuesday approved an employment-linked incentive (ELI) scheme with an outlay of nearly ₹1 lakh crore to generate over 3.5 crore jobs in the next two years. "You saw in the last Budget that the Finance Minister announced a clear package for an employment-linked scheme. Since then, a lot of good work has been done, and we came up with a comprehensive plan. This is an Employment-Linked Incentive (ELI) scheme, with a focus on the manufacturing sector," Union Minister A ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security acros ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrai ...Read More >
JAMMU, July 02: With the annual ShriAmarnathJiYatra 2025 set to commence tomorrow, a vibrant spiritual atmosphere prevails at the YatriNiwas Base Camp in Bhagwati Nagar, Jammu, where around 3,500 pilgrims are ready to begin their sacred journey. "All arrangements have been made, and nearly 3,500 pilgrims are currently stationed at the Jammu Base Camp," said Rajesh Raina, a senior officer of the Tourism Department, speaking to Rising Kashmir. Registration counters have been set up inside YatriN ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrai ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security acros ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security acros ...Read More >
Bengaluru (Karnataka) [India], July 1 (ANI): Double Olympic medallist Neeraj Chopra found himself in a heartwarming encounter with "a kind-hearted uncle" while strolling down a quiet street in Bengaluru. The unexpected meeting turned into a memorable conversation, showcasing Neeraj's approachable nature and the admiration he garners from fans of all ages. Neeraj Chopra Classic's official Instagram handle posted a heartwarming reel, Also Read | 'Second Birthdate': Sushmita Sen Shares Paralympia ...Read More >
New Delhi: The Modi government has given a major gift to the youth by approving Rs 1.07 lakh crore for a new scheme to boost employment. The decision was made in the Union Cabinet meeting held on Tuesday. Along with this, the Cabinet also approved Rs 1 lakh crore to support Research and Development (R&D) in the country. What Is the ELI Scheme? The Employment Linked Incentive (ELI) scheme was first announced in the 2024-25 Union Budget. - Encourage private companies to hire more workers The ...Read More >
New Delhi [India], June 30 (ANI): States and Union Territories combined will raise about Rs 2.86 lakh crore from markets in the quarter July-September 2025, the Reserve Bank of India (RBI) has indicated. The expected market borrowing plans have been decided upon by the RBI after consulting with the State Governments/Union Territories. On July 1, Rs 18,100 crore is proposed to be borrowed - Andhra Pradesh (Rs 2,000 crore), Assam (Rs 900 crore), Gujarat (Rs 1,000 crore), Himachal Pradesh (Rs 1,2 ...Read More >
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