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WORLD· 29 Aug
India's Finance Minister Sitharaman Begins U.S. Visit Focusing on Investment Opportunities
Nirmala Sitharaman, India's Finance Minister, landed in Chicago on August 28, 2026, after a three-day visit to Canada. She will participate in the G20 Finance Ministers’ meeting and engage with U.S. business leaders during her six-day stay, focusing on investment opportunities and economic cooperation. Sitharaman also visited the Polsky Centre for Entrepreneurship and Innovation at the University of Chicago before heading to New York for more investor roundtables and a NASDAQ bell-ringing ceremony. Her visit aims to strengthen India-U.S. financial ties and discuss global economic issues.
ECONOMY· 26 Aug
UPI Surges Past Rs 314 Lakh Crore in Payments Since Launch
Since its launch on August 26, 2016, UPI has transformed India into a digital payments powerhouse with over 55 crore users and 6.5 crore merchants transacting daily using QR codes and interoperable apps. Operated by the National Payments Corporation of India (NPCI) as public infrastructure, UPI enables inclusive, fee-free transactions for small merchants. In 2025-26, India made payments worth Rs 314 lakh crore through UPI, with discussions about potential MDR frameworks for certain categories of transactions.
ECONOMY· 23 Aug
GIFT City CEO: Registrations Soar from 100 to 1,250 Since 2016
In an interview with NDTV's Editor-in-Chief Rahul Kanwal, GIFT City CEO Sanjay Kaul said registrations at the financial hub have surged from around 100 to nearly 1,250 since its inception in 2016. Regulations for GIFT City’s international financial services centre were introduced in 2019 and notified in 2020. Kaul highlighted challenges such as attracting skilled talent and developing a vibrant lifestyle, emphasizing the city's potential to become a global financial hub by addressing these issues. He noted that around 300 aircraft have been leased through GIFT City so far, with business growing post regulatory changes. The aim is for GIFT City to be one of the world’s leading international financial services centres.
ECONOMY· 22 Aug
88% of individual F&O traders lose money, options blamed for 92% losses
A Sebi study found that 88% of individual F&O traders incurred losses in FY26, with options trading responsible for 92% of aggregate losses. The market regulator and government have advised caution due to significant retail investor losses. Warren Buffett, in his 2002 letter, warned derivatives are "financial weapons of mass destruction." To curb speculation, the government increased STT on F&O trading, leading to a decline in active traders but only marginal improvement in outcomes.
WORLD· 20 Aug
India, Singapore Ministers Eye Deeper Ties: ISMR Discusses Digital, Economic Growth
On Thursday, August 20, 2026, Finance Minister Nirmala Sitharaman, External Affairs Minister S Jaishankar, Commerce & Industry Minister Piyush Goyal, and MoS for Electronics & IT Jitin Prasada met with the Prime Minister of Singapore, Lawrence Wong, to discuss strengthening bilateral cooperation. They reviewed progress on the Roadmap for the Comprehensive Strategic Partnership and explored further collaboration across economic cooperation, digitalisation, connectivity, skills development, and sustainability during Ms. Sitharaman's delegation visit for the 4th India-Singapore Ministerial Roundtable (ISMR).
ECONOMY· 19 Aug
India Should Keep UPI Free for Citizens and Small Businesses: Paul
Santanu Paul, former NPCI chief and co-author of 'Cashless Nation', argues India should keep UPI free for ordinary citizens and small businesses. He suggests a charge limited to large merchants may eventually be acceptable but warns any changes must protect consumers and small traders. Finance Minister Nirmala Sitharaman has declared UPI will remain free for consumers, emphasizing its role in driving digital payments growth. Paul emphasizes strategic autonomy, asserting India should make decisions based on national interest rather than external pressure.
ECONOMY· 18 Aug
Yadav hails Madhya Pradesh's industrial surge, 30% of summit proposals swiftly implemented
On August 17, 2026, Mohan Yadav, Chief Minister of Madhya Pradesh, participated in the third meeting of the Apex Monitoring Authority of NICDIT in New Delhi. He thanked Union Ministers and other attendees for their participation and highlighted Madhya Pradesh's industrial progress under Prime Minister Narendra Modi’s leadership. The state is focusing on improving infrastructure and investment policies to attract more investors, particularly through projects like PM MITRA Park, which aims to boost the textile sector. Yadav noted that nearly 30% of Global Investors Summit proposals are being implemented swiftly.
ECONOMY· 17 Aug
Large and Medium Industries Minister vows Tumakuru Node completion by 2027
On Monday, Large and Medium Industries Minister M.B. Patil said the Tumakuru Node of the Bengaluru–Chennai Industrial Corridor is on track for completion by 2027, with 1,736 acres earmarked to attract ₹7,000 crore investment and create over 88,000 jobs. The project has achieved 30% physical progress and 20% financial progress, with Jindal Aluminium as the anchor investor on 151 acres. Nirmala Sitharaman, Union Finance Minister, chaired a meeting discussing this and other industrial corridor projects aimed at developing 16 smart cities across India under the ‘BHAVYA’ initiative.
ECONOMY· 15 Aug
UPI Growth Slows as Cash Use Rises, Opposition Warns of Price Hikes
An analysis by The Hindu shows that the growth in UPI transaction values has slowed over five years, while cash with the public grew from 4% to 12% between 2023-24 and 2025-26. Nirmala Sitharaman assured no MDR charge on UPI for the general public, but opposition fears higher prices may push people back to using cash. The slowing growth of UPI transactions (18.7% in 2026-27) is still higher than cash's 13%, indicating a vibrant economy with potential inflation underreporting.
ECONOMY· 14 Aug
A new notice at Panchakattu Dosa in Hyderabad details price hikes due
A new notice at Panchakattu Dosa in Hyderabad details price hikes due to increased costs of raw materials, including gas up by 85% and urad dal by 17%. Restaurants like Kakatiya Deluxe Mess have raised prices; an 'all-you-can-eat' thali now costs ₹250 from ₹200. Smaller restaurants also hiked prices by up to 20%, citing the impact of war-induced inflation. The price of a commercial gas cylinder rose by 71% since January, affecting all food businesses. Nationally, Telangana has the highest inflation at 6.32%. Published August 13, 2026.
ECONOMY· 10 Aug
Opposition walkout disrupts Rajya Sabha as finance minister promises free UPI transactions
On August 10, 2026, the Rajya Sabha passed the Bankers’ Books Evidence Bill and returned the Taxation and Other Laws (Amendment) Bill amid an Opposition walkout. Finance Minister Nirmala Sitharaman countered claims that UPI transactions would be taxed by stating they would remain free for consumers. The session was disrupted earlier with protests over police action in Delhi and alleged temple donation thefts. Proceedings were repeatedly adjourned due to continued disruptions.
ECONOMY· 10 Aug
Lok Sabha passes tax bill with MDR-free UPI for consumers and small merchants
On Monday, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026 after the Rajya Sabha returned it with recommendations. Finance Minister Nirmala Sitharaman assured no MDR charges on UPI for consumers and small merchants, stating that the amendment is an enabling provision without imposing taxes or transaction fees. The bill includes tax exemptions for data centers, incentives for diamond trading, and measures to support electronics manufacturing. It aims to improve business ease and attract investment.
GOVERNANCE· 10 Aug
Opposition walks out as Rajya Sabha passes Bankers' Books Evidence Bill by voice vote
The Rajya Sabha passed the Bankers' Books Evidence Bill, 2026, by a voice vote on Monday after Opposition members walked out and disrupted proceedings with slogans. The bill replaces the 135-year-old Act of 1891 to align with digital banking practices. Finance Minister Nirmala Sitharaman explained that modernizing this legal framework is essential for contemporary financial evidence handling. Despite protests, the bill was supported by several speakers who emphasized data privacy and safeguards.
ECONOMY· 7 Aug
UPI stays free: Payment Council assures no charges for users, small merchants
On Friday, the Payments Council of India clarified that consumers and small merchants will continue to enjoy free UPI services despite the Lok Sabha passing a Bill to amend the Payment and Settlement Systems Act, 2007. The amendment allows banks and service providers to levy charges but ensures no transaction fees for users or MDR for small merchants. Finance Minister Nirmala Sitharaman emphasized that any future MDR would support infrastructure investment without impacting consumers. Banks and payment firms have invested heavily in UPI's development over nearly a decade, stressing the need for continued financial support to maintain security and innovation.
GOVERNANCE· 7 Aug
MPs disrupt Parliament, demand statement on police action during student protests
On August 7, 2026, Parliament's Monsoon Session was disrupted as opposition MPs protested against Amit Shah, demanding a statement on police action during student protests. Amid ruckus and sloganeering, both Houses were adjourned until August 10. The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill without discussion amid protests. Speaker Om Birla urged for parliamentary decorum.
GOVERNANCE· 7 Aug
Lok Sabha to Consider MSME Development Bill on August 7
On August 7, 2026, the Lok Sabha in New Delhi is scheduled to consider and pass The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 and Other Laws (Amendment) Bill, 2026. Minister of Micro, Small and Medium Enterprises Jitan Ram Manjhi will move the bill. On August 6, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026 without discussion amid protests. Congress MP Manickam Tagore moved an adjournment motion to discuss police action against protesters on July 20, while K.C. Venugopal raised concerns over alleged financial fraud at the Ram Mandir in Ayodhya.
ECONOMY· 7 Aug
Finance Minister Nirmala Sitharaman clarified on Thursday that the Merchant Discount Rate
Finance Minister Nirmala Sitharaman clarified on Thursday that the Merchant Discount Rate (MDR) applies to merchants, not customers, and will support banks and fintech investments in infrastructure and security. She responded to Congress leader Jairam Ramesh, who alleged MDR would burden ordinary people. The UPI and Services Steering Committee, led by NPCI, will decide on MDR after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026.
ECONOMY· 6 Aug
Lok Sabha passes Bill to allow fees on UPI and other electronic payments
On Thursday, the Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007 to allow banks and providers to charge fees on UPI and other electronic payments. The amendment removes the existing exemption of UPI transactions from Merchant Discount Rate (MDR) charges, aiming for a sustainable revenue model while ensuring digital payment services remain accessible. The Bill was passed through voice vote after resuming at 2 pm.
ECONOMY· 6 Aug
Lok Sabha Passes Bill Allowing Fees on UPI and Other Electronic Payments
On August 6, 2026, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, allowing banks and service providers to charge fees on UPI and other electronic payments. The bill was approved without debate due to opposition sloganeering over unrelated issues. This amendment aims to permit Merchant Discount Rate charges while ensuring a sustainable revenue model for payment infrastructure firms.
GOVERNANCE· 6 Aug
Opposition Demands Statement on Police Action Against Student Protestors
On August 6, 2026, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026. Mallikarjun Kharge, Leader of Opposition in Rajya Sabha, demanded a statement from Amit Shah regarding police action against student protestors on July 20. CP Radhakrishnan, RS Chairman, asked Kiren Rijiju to convey this demand to Shah.
ECONOMY· 5 Aug
Lok Sabha passes Bankers' Books Evidence Bill despite opposition protests
The Lok Sabha passed the Bankers' Books Evidence Bill, 2026 on Wednesday by voice vote without debate, despite opposition protests. Finance Minister Nirmala Sitharaman moved the bill to replace the 1891 act and align evidence law with digital banking practices, including virtual and cloud-based records. The new Act will provide a technology-neutral legal framework for bank records.
ECONOMY· 5 Aug
RBI Governor Malhotra Says Premature to Confirm UPI Transaction Charges
In a press conference, RBI Governor Sanjay Malhotra stated it is premature to confirm any charges on Unified Payments Interface (UPI) transactions. The government has proposed a Merchant Discount Rate (MDR) of 0.3%-0.5% for large merchants only on UPI transactions above Rs 2,000. This comes as the current subsidy model struggles to keep pace with transaction growth. Let's wait and watch for further developments, said Malhotra.
GOVERNANCE· 5 Aug
⚑ ALERT: POWER ABUSE· Passage of bills without discussion amid protests raises concerns about democratic processes.
Opposition MPs protest as Lok Sabha passes Bankers' Books Evidence Bill amid noise
On August 5, 2026, Opposition MPs staged protests in the Lok Sabha and Rajya Sabha of India's Parliament demanding statements on police excesses against students and Ram temple donations. The Lok Sabha passed the Bankers' Books Evidence Bill without discussion amid protests, while the Rajya Sabha discussed and cleared the Supreme Court (Number of Judges) Amendment Bill despite noisy opposition protests.
GOVERNANCE· 4 Aug
⚑ ALERT: POWER ABUSE· Parliament disruptions highlight potential abuse of power and suppression of dissent.
Ram Temple donation theft sparks protests, adjourning Rajya Sabha twice
On August 4, 2026, the Rajya Sabha and Lok Sabha saw protests over Ram Temple donation theft, police actions during a protest march, and Cauvery water disputes. The Rajya Sabha adjourned twice amid sloganeering until 2 p.m., while the Lok Sabha adjourned till then due to opposition demands for Home Minister Amit Shah’s presence. Finance Minister Nirmala Sitharaman planned to introduce the Taxation and Other Laws (Amendment) Bill, 2026.
GOVERNANCE· 4 Aug
NDA meets to strategize for Monsoon Session; Sitharaman introduces tax bill
On Tuesday, the NDA Parliamentary Party held a 'Mangal Milan' meeting at the Parliament Library Building to strategize for the Monsoon Session. Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and other ministers attended. Meanwhile, Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, in Lok Sabha, while Congress MP Manish Tewari submitted an adjournment notice to discuss a new anti-defection law. Additionally, the Indian Statistical Institute Bill was introduced by Union Minister Rao Indrajit Singh on Monday.
GOVERNANCE· 3 Aug
Opposition Disrupts Lok Sabha, Demanding Ram Temple Trust Audit Amid NEET Protests
Lok Sabha proceedings were adjourned till noon on Monday due to disruptions by Opposition members over police action against students protesting NEET paper leak and alleged theft of Ram Temple donations. The session, which began on July 20, has seen repeated adjournments and heated exchanges. Nirmala Sitharaman is expected to table the Bankers' Books Evidence Bill, 2026, while Rao Inderjit Singh will introduce the Indian Statistical Institute Bill, 2026. Congress MPs have moved adjournment motions demanding audits of the Ram Temple Trust and discussions on the Anti-Defection Law.
GOVERNANCE· 1 Aug
Sitharaman Highlights Saiva Tirumurais Role at Deiva Sekkizhar Festival
At the 34th Deiva Sekkizhar Festival in Chennai on Saturday, Nirmala Sitharaman highlighted the role of Saiva Tirumurais in democratizing Tamil literature and music. She noted their influence on Carnatic ragas and historical significance. Two books were released by the Dharmapuram Adheenam pontiff; Ms. Sitharaman emphasized the scriptures' importance in preserving cultural heritage and praised the government's recognition of Tamil spiritual traditions under Narendra Modi.
WORLD· 30 Jul
Modi directs ministers to secure supply chains amid West Asia conflicts
On Thursday, Prime Minister Narendra Modi chaired an extended Cabinet Committee on Security (CCS) meeting in Parliament House to discuss the geo-political situation in West Asia and measures to secure supply chains amid conflicts around key maritime straits. The meeting, attended by Defence Minister Rajnath Singh, Home Minister Amit Shah, External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman, and other special invitees, focused on ensuring adequate supplies of petroleum products and fertilisers. Cabinet Secretary T V Somanathan briefed the committee on procurement diversification and refinery operations exceeding 100% utilisation. The PM directed ministers to ensure safety for Indians and clear supply chain hindrances.
ECONOMY· 29 Jul
India’s ISM 2.0 Unveiled: Rs 1.27 Lakh Crore for Chip Manufacturing Over Six Years
The Union Cabinet recently approved the second iteration of India’s Semiconductor Mission (ISM 2.0) with an outlay of Rs 1.27 lakh crore, focusing on subsidizing chip manufacturing supply chains and offering incentives for research and talent development over six years. Compared to ISM 1.0, government subsidies have been reduced but widened in scope to include equipment, materials, and design tools. This move aims to strengthen India’s role in the global semiconductor ecosystem by achieving domestic chip production capability for nearly 70-75% of applications by 2029.
GOVERNANCE· 28 Jul
⚑ ALERT: POWER ABUSE· Police action against protesting students raises concerns about suppression of dissent.
Lok Sabha adjourned till 2 pm amid opposition protests over police action against students
On Tuesday, the Lok Sabha proceedings were adjourned till 2 pm amid protests by opposition parties demanding a response on police action against protesting students. The Congress submitted notices for an urgent discussion on alleged force used during protests. Speaker Om Birla urged members to allow Question Hour and planned a discussion on the anti-paper leak Amendment Bill at 2 pm.
GOVERNANCE· 27 Jul
Thackeray brothers back NEET agitators, urge Modi to focus on governance not politics
On Sunday, Uddhav Thackeray, chief of Shiv Sena (UBT), and Raj Thackeray, president of Maharashtra Navnirman Sena (MNS), addressed the Tiranga Vijay Rally at Shivaji Park in support of the youth-led NEET-UG paper leak agitation. Uddhav urged Prime Minister Narendra Modi to focus on governance rather than breaking political parties, praising students for forcing Union Education Minister Dharmendra Pradhan's resignation. Raj Thackeray hailed the student movement as a victory over the government. The rally observed a minute’s silence for students who allegedly died by suicide due to the controversy.
GOVERNANCE· 26 Jul
Dharmendra Pradhan Resigns as Education Minister Over NEET Leak Controversy
On Saturday, Dharmendra Pradhan resigned as Education Minister over the NEET paper leak controversy. His daughter, Archita Sarangi, refused to delete her Instagram post about his resignation, sparking speculation of pressure from DP's PA. Meanwhile, Aparajita Sarangi praised her husband’s moral courage and responsibility. Archita's account was reportedly deactivated later. Pradhan resigned to prevent anti-national forces from exploiting the situation and ensure student safety.
GOVERNANCE· 26 Jul
Government did not try to stop student protests over exam paper leaks: Sitharaman
Union Finance Minister Nirmala Sitharaman told NDTV that the government did not try to stop student protests over exam paper leaks. She acknowledged such protests are common and noted the government arrested those involved, ensured timely re-examinations, and respected the students' right to protest. Cockroach Janta Party called off its agitation after Dharmendra Pradhan resigned as Education Minister.
EDUCATION· 25 Jul
Students' Hunger Strike Forces Education Minister's Resignation After 23 Days
Neha, a student leader, describes the All India Students Association movement against educational inequality and paper leaks in exams like NEET-UG. Starting May 3 with exam cancellations due to leaks, students demanded resignation of the education minister over repeated failures and government insensitivity. The protest grew into a broader fight against privatization and poor public education policies, culminating in a 23-day hunger strike and Dharmendra Pradhan's resignation on July 20. Students vow to continue their struggle for equitable education.
JUSTICE· 24 Jul
⚑ ALERT: POWER ABUSE· Police officers being attacked during a protest raises concerns about safety and law enforcement.
Inspector NK Singh and Inspector Pradeep Rai, Delhi Police officers, were attacked
Inspector NK Singh and Inspector Pradeep Rai, Delhi Police officers, were attacked by mobs near the Cockroach Janta Party's protest site in Connaught Place on July 21 and 22. Both said attackers, aged 20-35, used weapons and targeted them; they denied students were involved. The attacks followed protests over paper leaks, with police blaming anti-social elements for spreading anarchy. Some protesters tried to save the officers.
EDUCATION· 24 Jul
⚑ ALERT: POWER ABUSE· Large-scale cheating undermines education and justice, yet is treated as routine.
Modi vows swift justice as 47 NTA officials sacked over exam leaks protests
Nirmala Sitharaman said many students improved their performance after paper leaks, and Prime Minister Narendra Modi assured swift justice for those involved. Re-examinations were swiftly conducted with timely results. Thousands protested against the leaks since July 20, leading to police action and injuries. The government sacked 47 NTA officials and promised strict actions against leakers.
ECONOMY· 24 Jul
Rail Minister Plans Standard Design for 4,000 km of Bullet Trains Across 7 Corridors
Ashwini Vaishnaw, Railway Minister, announced that the Ministry of Railways plans to adopt a standard design for India’s bullet train network across seven new corridors as part of the Union Budget 2026-27. The National High Speed Rail Corporation Limited (NHSRCL) is developing standardized designs and technical specifications based on experience from the Mumbai-Ahmedabad project, aiming for safety, quality, cost efficiency, and faster execution. Construction work on the 508-km-long Mumbai-Ahmedabad corridor is underway with a target operational date of August 2027. The government aims to develop indigenous high-speed rail standards while ensuring consistent construction across new corridors totaling about 4,000 km.
ECONOMY· 20 Jul
High Court Judge Challenges Tax Denial, Claims Rs 9.85 Lakh Exemption
Justice Sandeep Jain, a sitting judge of the Allahabad High Court, challenged the denial of statutory allowances exemption under the new tax regime, claiming Rs 9.85 lakh was not permitted on his ITR-2 for 2025-26. A two-judge bench fixed July 28 as the next hearing date after asking the state government to apprise the court. The CBDT and Finance Minister cited existing tax benefits under the new regime as reason for denial, stating it would amount to double benefit.
GOVERNANCE· 18 Jul
APCC Accuses Sitharaman of Repeating False Claims, Demands Loan Transparency
On Saturday, the Andhra Pradesh Congress Committee (APCC) accused Nirmala Sitharaman, Union Finance Minister, of repeating false claims made earlier in Parliament during a public meeting at Narsaraopet. At Andhra Ratna Bhavan, APCC leaders questioned her claims about bank loans and criticized the BJP-led government for failing to address unemployment and corruption issues, demanding transparency on loan disbursements and recovery of economic offenders' funds.
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ECONOMY· 17 Jul
Sitharaman, Naidu Distribute ₹3,216 Crore in Loans to 1,03,246 Beneficiaries in Palnadu
Nirmala Sitharaman, Union Finance Minister, and Chief Minister N. Chandrababu Naidu distributed ₹3,216 crore in loans to 1,03,246 beneficiaries in Palnadu district on Friday as part of a Mega Credit Outreach Program aimed at expanding institutional credit access for small businesses without collateral requirements. The program aims to reduce reliance on private money lenders and microfinance institutions by making bank loans more accessible. Similar programs will be conducted in six additional districts soon.
ECONOMY· 17 Jul
Bank of Baroda raised $273 million, followed by Canara Bank and Punjab
Bank of Baroda raised $273 million, followed by Canara Bank and Punjab National Bank (PNB) with $80 million each in foreign-currency resources until last Friday. Finance Minister Nirmala Sitharaman asked PSU banks to engage more with the Indian diaspora. Total mobilization was below $3 billion, but inflows have since accelerated after some lenders launched leveraged schemes. SBI raised about $1.9 billion through bond issuances and FCNR(B) deposits swapped with the RBI. Private-sector lenders HDFC Bank and Axis Bank raised $750 million and $800 million respectively via bond issuances.
ECONOMY· 16 Jul
NPCIL Assures Safety as Cabinet Allocates ₹1.27 Lakh Crore for ISM 2.0 Semiconductor Subsidies
Nuclear Power Corporation of India Limited (NPCIL) clarified on July 16, 2026, that a data breach at the Kudankulam Nuclear Power Plant did not affect nuclear safety or security systems; it involved only conventional Balance of Plant facilities. Meanwhile, the Union Cabinet approved Rs 1.27 lakh crore for ISM 2.0, focusing on subsidizing semiconductor supply chains to attract companies producing gases and chemicals used in chip manufacturing.
ECONOMY· 15 Jul
The Union Cabinet on Wednesday approved India’s second iteration of the Semiconductor
The Union Cabinet on Wednesday approved India’s second iteration of the Semiconductor Mission (ISM 2.0) with an outlay of Rs 1.27 lakh crore, focusing on subsidizing chip manufacturing supply chains and offering research subsidies over six years. ISM 2.0 aims to deepen domestic value addition in electronics by enabling India to design and manufacture chips for nearly 70-75% of domestic applications by 2029 and become a top semiconductor nation globally by 2035.
ECONOMY· 14 Jul
India Pushes CBG Initiatives Despite Progress Hurdles
India, importing nearly 85% of its crude oil from West Asia and facing energy security risks due to regional instability, has pushed initiatives like Sustainable Alternative Towards Affordable Transportation (SATAT) and GOBARdhan to promote compressed biogas (CBG). Despite ambitious targets, progress remains limited due to infrastructure gaps and high costs. The government aims to blend CBG into gas supplies but faces challenges similar to those in maize cultivation, which could affect crop diversity and food security.
ECONOMY· 9 Jul
Finance Minister Nirmala Sitharaman: Not just host GCCs; maximise innovation, accelerate discovery | Business News
Nirmala Sitharaman, Union Finance Minister, urged enterprises to focus on maximizing innovation and competitiveness in the next decade, moving beyond simply hosting Global Capability Centres (GCCs). She emphasized that ecosystems, not just incentives, determine long-term competitiveness. Sitharaman called for industry leaders to deepen partnerships with universities, start-ups, and research institutions to ensure seamless innovation from labs to markets. She also encouraged expansion into Tier-2 and Tier-3 cities, recognizing their growing talent and infrastructure potential. Confederation of Indian Industry (CII) organized the GCC summit where Sitharaman highlighted the need for a geographically diverse GCC growth strategy.
ECONOMY· 8 Jul
Mega loan mela to disburse ₹2,000 crore in Narasaraopet on July 17
Narasaraopet MP Lavu Sri Krishna Devarayalu announced a mega credit outreach program in Narasaraopet on July 17th, attended by Union Finance Minister Nirmala Sitharaman and Chief Minister N. Chandrababu Naidu. The event aims to facilitate the disbursement of nearly ₹2,000 crore under 20 Central government schemes for economically weaker sections, farmers, small traders, and aspiring entrepreneurs. The program is expected to benefit around 3,000 beneficiaries from Palnadu district and will promote cluster-based women’s groups and expand the PM Surya Ghar program through village clusters. Additionally, eligible tribal landholders in Andhra Pradesh can now access bank loans against their agricultural lands for the first time.
ENVIRONMENT· 4 Jul
UPSC Key: Tiger Reserves restoration, FDC drugs, and US turns 250
The Environment Ministry and Rajasthan Forest Department marked the 18th anniversary of tiger reintroductions at the Sariska Tiger Reserve. India's tiger population has increased steadily, but there are challenges in managing their dispersal due to habitat loss and prey scarcity. The government is focusing on consolidating "source populations" and prioritizing interventions in 25 tiger reserves where tigers are scarce. The ban on 16 fixed-dose combination drugs highlights the need for evidence-based medicine and the risks of irrational drug combinations. Europe is experiencing more frequent and intense heatwaves, linked to climate change, with potential consequences for agriculture, public health, infrastructure, and productivity.
ECONOMY· 30 Jun
2 global players to buy ‘significant’ stakes in Indian insurance firms, approvals in | Business News
Ajay Seth, chief of the Insurance Regulatory and Development Authority of India (IRDAI), reported a surge in foreign interest in the Indian insurance sector since the government raised the FDI cap to 100%. The regulator has already approved two applications for significant stakes in general insurance companies and received an application for a life insurance entity. Seth also highlighted that the growth of the general insurance sector has outpaced that of the life insurance sector, with potential for similar growth if demand is met. He anticipates the initial products under the Bima Sugam initiative to be launched by September.
ECONOMY· 29 Jun
Canara Bank hands over ₹2,397 crore dividend cheque to FM Nirmala Sitharaman
Canara Bank handed over a dividend cheque of ₹2,397 crore to Union Finance Minister Nirmala Sitharaman for the 2025-2026 financial year. The bank declared a dividend of ₹4.2 per share and reported a record net profit of ₹19,187 crore in 2025-26, marking a 12.69% increase from the previous year. Canara Bank's newly appointed MD and CEO, Brajesh Kumar Singh, presented the cheque to Sitharaman.
ECONOMY· 29 Jun
PFC-REC merger explained: Swap ratio, rationale, other key details as merger set to create Rs 11 lakh cr power financing giant
The Finance Minister Nirmala Sitharaman announced the government's plan to restructure PFC and REC, merging them into a single entity. The merger scheme requires approvals from shareholders, stock exchanges, market regulator Sebi, the National Company Law Tribunal (NCLT), and other statutory authorities. The share swap ratio is 88 PFC shares for every 100 REC shares held, meaning that REC shareholders will receive PFC shares based on this ratio after the merger takes effect. The merged entity aims to strengthen the balance sheet, improve borrowing capacity, and serve as the primary vehicle for implementing government schemes in the power sector.
GOVERNANCE· 28 Jun
Delhi Confidential: Reaching Out | Delhi Confidential News
Pankaj Chaudhary, the UP BJP chief and MoS Finance, visited the family of socialist ideologue late Ram Manohar Lohia in Lucknow as part of the BJP's drive to meet intellectuals and prominent citizens marking 12 years of the Narendra Modi government. The visit was described by a senior BJP leader as a courtesy meeting, but the party briefed the family on key welfare programs. Meanwhile, Nirmala Sitharaman, the Finance Minister, has reportedly developed a more cordial relationship with Tamil Nadu's Chief Minister Vijay after past disagreements.
ECONOMY· 27 Jun
Delhi-Varanasi bullet train to cut Jewar-Lucknow travel time to just 1 hour 40 minutes
Finance Minister Nirmala Sitharaman announced the Delhi-Varanasi bullet train project in the Union Budget 2026-27, aiming to significantly reduce travel time between Jewar and Lucknow. Railway Minister Ashwini Vaishnaw stated that the journey from Delhi to Lucknow will take only 2 hours and 10 minutes once operational. The project is expected to be a game-changer for Uttar Pradesh's transport and development map. The National High-Speed Rail Corporation Limited (NHSRCL) has been tasked with revising Detailed Project Reports (DPRs) for seven high-speed rail corridors, including the Delhi-Varanasi project.
ECONOMY· 25 Jun
Union Finance Minister says State borrowing justified if spent on capex
Nirmala Sitharaman, India's Finance Minister, urged state governments to prioritize long-term capital expenditure over revenue expenditure when borrowing funds. She emphasized that borrowed money should be used to create assets and improve education, industries, or employment opportunities. Sitharaman also highlighted the historical significance of Kancheepuram as a center for education and praised the efforts of the Conjeevaram Hindu Educational Society and SSKV Group in promoting women's education.
GENERAL· 25 Jun
Upasana Konidela calls for financial literacy, cites Nirmala Sitharaman as inspiration | Telugu News
Upasana Konidela, wife of actor Ram Charan, recently used social media to advocate for financial literacy, drawing a parallel between the Hindu goddess Lakshmi and Nirmala Sitharaman, India's Finance Minister. Konidela urged followers to view themselves as "Chief Financial Officers" of their own lives, highlighting the importance of personal financial management. This message aligns with Konidela's public advocacy for wellness, self-sufficiency, and women empowerment.
ENVIRONMENT· 22 Jun
UPSC Key-22nd June 2026: Western Ghats, Rakhigarhi and Power Exchange Market
The Indian government is preparing to finalize and notify the demarcation of Ecologically Sensitive Areas (ESAs) in the Western Ghats, covering over 56,000 square kilometers. The decision follows years of negotiations with states like Kerala and Karnataka, which have been holding out on agreeing to the boundaries. The ESAs are intended to protect the region's fragile ecosystem from developmental activities such as mining, tourism, and infrastructure projects. The Archaeological Survey of India (ASI) is conducting DNA tests and facial reconstructions on skeletal remains found at Rakhigarhi, a Harappan civilization site in Haryana. The findings could provide insights into the lives and culture of people who lived there 5,000 years ago. The Anthropological Survey of India (AnSI) is also involved in research to understand the cultural practices and social structures of the ancient civilization.
GENERAL· 21 Jun
Faces of a lost civilisation: Rakhigarhi skeletons to undergo DNA, facial reconstruction studies
The Archaeological Survey of India (ASI) has sent nearly 5,000-year-old skeletons unearthed at Haryana's Rakhigarhi site for scientific examination and facial reconstruction. Four skeletons were sent to the Anthropological Survey of India (AnSI) in Kolkata, while DNA samples from one skeleton have been forwarded to the Birbal Sahni Institute of Palaeosciences (BSIP), Lucknow. The research aims to determine the cause of death, ancestry, height, physical features, and social status of the individuals. The excavation also yielded an unprecedented number of burial offerings, indicating the importance of the deceased in their community.
ECONOMY· 19 Jun
Northeast Can Become Growth Driver Through Organic Farming: N Sitharaman
Nirmala Sitharaman, Union Finance Minister, inaugurated the largest organic spice-processing facility in Meghalaya's Ri-Bhoi district, emphasizing the Northeast's potential for growth through quality-driven agriculture. She stressed that consumers worldwide are seeking cleaner and premium agricultural products, creating opportunities for regions like Meghalaya to thrive. Conrad K Sangma, Meghalaya Chief Minister, highlighted the state's success in exporting high-quality organic products such as Lakadong turmeric, ginger, and black pepper. The facility is expected to improve processing capabilities, market access, and rural livelihoods.
ECONOMY· 15 Jun
Sensex Today, Stock Market LIVE Updates | Nifty | Share Market: Sensex Jumps 1,100 Points As Oil Prices Fall On US-Iran Peace Deal
Indian equity benchmarks opened higher on Monday, boosted by a US-Iran peace deal that eased geopolitical tensions and lowered oil prices. The rupee strengthened against the US dollar, while the Nifty and Sensex rose significantly. Crypto markets also saw a relief rally as risk sentiment improved.
GENERAL· 14 Jun
Nirmala Sitharaman inspects Bengaluru–Chennai Expressway works near Devanahalli
Nirmala Sitharaman, India's Union Finance Minister, visited the ongoing construction of the Bengaluru–Chennai Expressway in Devanahalli as part of her 'Pragati Path Yatre Darshan' program. She reviewed progress on road construction, traffic management, and infrastructure development for the project, which aims to provide high-speed connectivity between Bengaluru and Chennai. The expressway is being developed under the Bharatmala Pariyojana Phase-I scheme and is expected to improve access to industrial and logistics hubs.
ECONOMY· 14 Jun
Nirmala Sitharaman attributes rupee fluctuations to global, domestic factors
Nirmala Sitharaman, India's Finance Minister, attributed fluctuations in the rupee to a combination of global and domestic factors, including geopolitical uncertainties, foreign capital movements, and India's reliance on imports. She emphasized that the Reserve Bank of India intervenes only to curb excessive volatility, not maintain a fixed exchange rate. Ms. Sitharaman also criticized Rahul Gandhi, accusing him of consistently undermining India's achievements while criticizing Prime Minister Modi and the government.
GOVERNANCE· 14 Jun
Rahul Gandhi 'undermining' achievements of India, its people: FM Nirmala Sitharaman
Nirmala Sitharaman, India's Finance Minister, criticized Rahul Gandhi, the Congress leader, for his claims of impending crises in India. She refuted these assertions, stating that India is experiencing strong economic growth and has successfully navigated challenges like the West Asia conflict. Sitharaman emphasized that India's achievements are recognized by both the government and international organizations such as the IMF.
GOVERNANCE· 10 Jun
12 Years Of 'Decolonisation': How Modi Government Shed British-Era Practices
The Narendra Modi government has undertaken a significant effort to dismantle symbols and practices associated with British colonial rule over the past twelve years. This includes renaming landmarks like Rajpath to Kartavya Path, incorporating Indian motifs in new buildings like the Parliament building, and replacing outdated laws with new ones. The government has also renamed three islands in the Andaman and Nicobar chain and changed several other aspects of public life, including street names, office titles, and even the budget presentation date. These changes reflect a broader effort to reclaim India's identity and culture.
WORLD· 9 Jun
UPSC Key-9th June 2026: Bilateral Investment Treaties, SIPRI Yearbook 2026 and Solar power
China and North Korea have a close strategic partnership, with China providing economic and diplomatic support to North Korea despite international sanctions. The relationship is rooted in geopolitical circumstances following World War II, when the two nations emerged as superpowers seeking control of the region. Tensions between Israel and Iran escalated recently with airstrikes targeting military sites in both countries. This renewed conflict highlights changing deterrence dynamics in West Asia and raises questions about US commitments to Israel.
GOVERNANCE· 9 Jun
Vijay to attend NITI Aayog Governing Council meeting in Delhi
C. Joseph Vijay, Tamil Nadu's Chief Minister, will attend the 11th Governing Council meeting of NITI Aayog in New Delhi on Thursday. He is scheduled to meet with political leaders in New Delhi before participating in the council meeting alongside other state and UT chief ministers and lieutenant governors. This marks his second visit to the national capital since becoming Chief Minister.
REGIONAL· 9 Jun
‘Not just about giving money’: Lokesh pledges long-term support for steel blast families
IT Minister Nara Lokesh and Union Minister for Steel H. D. Kumaraswamy visited the Visakhapatnam Steel Plant (VSP) following a recent blast, where they announced immediate financial compensation of ₹25 lakh to families of the victims. The government is committed to securing the future of the affected families, including providing education and welfare support for their children. Mr. Lokesh also highlighted the NDA government's swift response to the incident, emphasizing continuous monitoring by senior ministers and the announcement of permanent employment for one member from each affected family. Workers expressed concern about the plant's future, particularly regarding potential privatization, while Mr. Lokesh assured them that the government is committed to safeguarding VSP.
WORLD· 7 Jun
UPSC Key: India-Nepal bilateral ties, Project Glasswing and DAY-NRLM review
India and Nepal have agreed to enforce a mutual legal assistance pact to tackle cross-border crimes. The visit of the Nepalese Foreign Minister to India focused on strengthening bilateral ties, including cooperation in health, technology, and remittances. The government's evaluation of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission found that many self-help groups did not use funds for income-generating activities but instead spent them on household expenses. The Indian government is considering extending Project Glasswing to more countries, including India, as part of its efforts to enhance cybersecurity capabilities.
WORLD· 6 Jun
Project Glasswing: Key cybersecurity agencies set to get access to Anthropic’s Mythos | Business News
Anthropic, an artificial intelligence company, is expanding its cybersecurity initiative, Project Glasswing, to India. The program will grant access to advanced AI model Mythos to select government agencies and research institutions, including the Indian Cyber Crime Coordination Centre (I4C), CERT-In, NCIIPC, and the Department of Telecommunications’ Digital Intelligence Platform (DIP). The move comes as part of Anthropic's plan to extend Project Glasswing beyond its initial participants in the US and UK to more than 15 countries. The Indian government is concerned about the potential impact of Mythos on India's critical infrastructure, particularly banking and power sectors.
ECONOMY· 6 Jun
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
GDP growth surprised on the upside for Q4, expanding 8% in the December quarter, exceeding expectations of 7.3%. The Reserve Bank of India revised its FY27 growth forecast downward to 6.6%, citing the impact of the ongoing war and a weaker monsoon. Finance minister Nirmala Sitharaman stated that the government is committed to maintaining economic momentum despite global challenges. ICRA chief economist Aditi Nayar noted that the economy did not experience significant impact from the conflict, while HDFC Bank principal economist Sakshi Gupta attributed the growth primarily to private investments and consumption.
ECONOMY· 3 Jun
Modi Government On Capital Gains Tax: India's Big Move To Attract Foreign Investment Amid Iran War: Sources
The Union Cabinet, led by Prime Minister Narendra Modi, approved an ordinance amending the Income Tax Act to eliminate capital gains tax on investments made by foreign portfolio investors (FPIs) in Indian government securities. This move aims to attract more foreign capital inflows and mitigate the adverse effects of the Iran war on the economy. The decision comes after calls for tax cuts to prevent further outflows from the Indian stock markets, which have seen significant withdrawals from FPIs this year. The ordinance will be implemented after Presidential approval.
ECONOMY· 3 Jun
Chintan Research Foundation Organises Policy Dialogue On Small Modular Reactors
Chintan Research Foundation (CRF) and Finovista, in partnership with Manthan, an initiative of the Office of the Principal Scientific Adviser to the Government of India, hosted a Policy Dialogue on "Small Modular Reactors (SMRs) for Defence Manufacturing & Data Centre Operation" in New Delhi. The dialogue brought together policymakers, industry leaders, and experts to discuss the role of SMRs in supporting India's energy transition and strengthening critical sectors like defence manufacturing and data centres. Dr Debajit Palit, Centre Head, Centre for Climate Change and Energy Transition at Chintan Research Foundation, highlighted that SMRs can provide a low-carbon clean energy source for India while also meeting the power needs of defense manufacturing and data centers.
EDUCATION· 30 May
Cyber Breach On CBSE Portal Lets Students See Erratic Charges, HDFC Gateway Blamed
A malicious attack on the payment system of the Central Board of Secondary Education (CBSE)'s revaluation portal, using the HDFC payment gateway, caused erratic fee displays for approximately 50 students. The breach occurred after a period of non-functionality and authorities are investigating the issue with experts from IIT Madras and IIT Kanpur, alongside the Digital Infrastructure Corporation of India. To address the vulnerability, four public sector banks have been added as alternate payment gateways. Officials also noted infrastructure changes to improve capacity by shifting the portal to Amazon Web Services.
EDUCATION· 24 May
CBSE again extends deadline for scanned answer book requests till May 25
The Central Board of Secondary Education (CBSE) extended the deadline for students to request scanned copies of their evaluated answer books for Class 12 board exams until May 25 midnight. The extension follows complaints from students about difficulties accessing the portal. Union Education Minister Dharmendra Pradhan sought support from the Union Finance Ministry to overhaul the CBSE payment gateway system and has directed IIT-Madras and IIT-Kanpur teams to assist in resolving technical issues.
ECONOMY· 21 May
Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts say
Nirmala Sitharaman, the Union Finance Minister, announced plans to restructure Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for streamlined operations. The Cabinet Committee on Economic Affairs approved a proposal where PFC acquired 52.63% of the government's holding in REC, consolidating them into a single balance sheet. Analysts suggest investors consider staggered exposure to PFC and REC as the merger process is subject to regulatory approvals and structural adjustments. While PFC offers better visibility due to its parent status, REC presents a merger-arbitrage opportunity with higher event risk depending on the swap ratio.
ECONOMY· 25 Apr
Sebi to expedite rule simplification, boost tech-led oversight: Chairman Tuhin Kanta Pandey on 38th anniversary
Sebi's chief, Pandey, emphasized the need for collaboration between regulators and market stakeholders to foster innovation and economic growth. He highlighted Sebi's evolution from an open outcry system to a technology-driven, transparent market through reforms like dematerialization and screen-based trading. Pandey stressed that Indian markets have demonstrated resilience despite global uncertainties, but also acknowledged the need for balancing innovation with investor protection and sustainable development. He emphasized recent reforms aimed at easing business, strengthening investor safeguards, and improving efficiency.
ECONOMY· 24 Apr
Consumption sustaining growth; predictable support essential for GDP expansion: Finance Minister
Nirmala Sitharaman, Union Finance Minister, stated that domestic consumption is driving India's economic growth and predictable policy support is crucial to maintain this momentum. She also emphasized the importance of supporting domestic manufacturing, agriculture, tourism, IT, and related services sectors for sustained growth. Sitharaman highlighted the need for banks to focus on customer interaction as they expand globally and digitally while acknowledging the impact of the West Asia crisis on asset quality. The Finance Minister urged banks to collaborate on addressing the challenges posed by AI advancements like Anthropic's Mythos model, and addressed concerns about LPG supply.
GOVERNANCE· 17 Apr
Cash incentives for women steer Bengal poll discourse
With less than seven days until the first phase of voting in West Bengal, Trinamool Congress and Bharatiya Janata Party are vying for women's votes with their respective welfare schemes. The Trinamool Congress’s Lakshmir Bhandar program has been a successful model for the party, offering ₹1,500 per month to eligible women. The BJP countered with its Matri Shakti Vandan Yojana promising ₹3,000 per month, leading to clashes between supporters of both parties. Chief Minister Mamata Banerjee criticized the BJP's tactics and accused them of collecting voter information for undue advantage. The BJP defended their actions, stating that they were simply offering a better scheme than the Trinamool’s previous program.
GOVERNANCE· 10 Apr
Bihar Chief Minister Nitish Kumar takes oath as Rajya Sabha member
Nitish Kumar, the Chief Minister of Bihar, was sworn in as a member of the Rajya Sabha on Friday. The ceremony was presided over by C.P. Radhakrishnan, the Rajya Sabha chairman, and witnessed by prominent figures including J.P. Nadda, Nirmala Sitharaman, and Arjun Ram Meghwal. Kumar's appointment marks the end of his tenure as Bihar's Chief Minister, with the NDA expected to elect a new leader on April 14th.
WORLD· 8 Apr
IGoM reviews preparedness amid West Asia developments, ensures energy, food security
Rajnath Singh, Nirmala Sitharaman, and S. Jaishankar attended a meeting of the Informal Group of Ministers (IGoM) in New Delhi on April 8, 2026. The meeting focused on India's preparedness for potential disruptions following recent developments in West Asia. The group was informed that India has facilitated the evacuation of numerous vessels from the Strait of Hormuz and is ensuring uninterrupted supplies of essential commodities like LPG, petrol, diesel, and fertilizers. Prime Minister Narendra Modi is overseeing these efforts to maintain economic stability and public welfare.
GOVERNANCE· 7 Apr
Assam Assembly election 2026: Curtains down on high-voltage campaign
The Assam Assembly elections concluded on April 7, with voters casting their ballots for the state's 126 seats. Prime Minister Narendra Modi, Union Home Minister Amit Shah, and other BJP leaders campaigned against the opposition Congress, accusing it of promoting infiltrators and failing to address development issues. The Congress countered by highlighting corruption allegations against the ruling party and promising justice for singer Zubeen Garg if elected. Prominent candidates include Chief Minister Himanta Biswa Sarma, Gaurav Gogoi (Congress), Badruddin Ajmal (AIUDF), and Debabrata Saikia (opposition). The elections will be held in a single phase on April 9th.
GOVERNANCE· 6 Apr
Assam Election 2026: What BJP and Congress promise in their manifestos
The upcoming Assam Legislative Assembly elections are scheduled for April 9, 2026, with the counting of votes taking place on May 4, 2026. The Bharatiya Janata Party (BJP) and the Congress are the main contenders in this election, promising various policies to address issues such as land rights, economic development, and social welfare. Nirmala Sitharaman, Union Finance Minister, presented the BJP's "Sankalp Patra" which focuses on implementing a Uniform Civil Code, protecting land and heritage, and furthering its development agenda. Rahul Gandhi, Congress leader, released the party's "Raijor Istahar", or people's manifesto, promising Scheduled Tribe status for six communities, an Anti Corruption Commission, and a white paper on Assam finances. The elections will involve around 2.50 crore registered voters across 31,486 polling stations.
ECONOMY· 5 Apr
Transforming India’s nuclear power landscape
Nirmala Sitharaman, the Indian Finance Minister, announced plans to increase India's installed nuclear power generation capacity to 100 GW by 2047. The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, passed in December 2025, aims to bring private companies into the nuclear energy sector. This move is part of a larger strategy to achieve "Viksit Bharat" by 2047 and net-zero emissions by 2070. India currently generates electricity from thermal power plants (coal-based), renewables like solar and wind, and nuclear power, with the latter providing a steady baseload. To reach the 100 GW target, India will need to overcome challenges such as cost reduction for new designs, research into indigenous Small Modular Reactors (SMRs), and addressing issues related to financing, waste management, and liability.
WORLD· 3 Apr
Russia promises to increase oil, LNG supplies to India
Denis Manturov, Deputy Prime Minister of Russia, met with Prime Minister Narendra Modi in Delhi to discuss energy cooperation, fertilizer supplies, and the upcoming BRICS summit. Manturov confirmed that Russian companies have the capacity to steadily increase oil and LNG supplies to India. The visit comes amidst growing energy insecurity in South Asia due to the ongoing war in West Asia and US sanctions on India's energy imports from Russia. The two countries also discussed nuclear cooperation, industrial projects, and space exploration.
WORLD· 3 Apr
Oil, LNG supplies: Top Russian official Manturov signals fuel support for India during Middle East crisis
Russia and India strengthened their energy partnership during a visit by Denis Manturov, the first deputy chairman of Russia's government. Manturov stated that Russian companies can increase oil and liquefied natural gas (LNG) supplies to meet India's growing demand, particularly in light of the ongoing Middle East war-induced energy crisis. The two countries also reaffirmed their commitment to expanding cooperation in nuclear energy, agricultural sectors, and industrial collaboration. Manturov met with Indian officials, including S Jaishankar, the external affairs minister, and discussed further deepening strategic partnerships across various fields.
GOVERNANCE· 1 Apr
Delhi court dismiss defamation case filed by wife of AAP’s Somnath Bharti against Nirmala Sitharaman
A Delhi court dismissed a criminal defamation petition filed by Lipika Mitra, wife of AAP leader Somnath Bharti, against Nirmala Sitharaman, the Union Finance Minister. The court ruled that political opponents cannot be held liable for defamation during political discourse and found no evidence of defamatory statements made by Sitharaman. The case was dismissed under Section 356(1) and 356(2) of the Bharatiya Nyaya Sanhita (BNS), 2023.
ECONOMY· 30 Mar
Lok Sabha passes insolvency law amendments; Sitharaman says Bill will help maximise value for stakeholders
The Lok Sabha passed a bill to amend the Insolvency and Bankruptcy Code (IBC) on March 30, 2026. The amendments aim to streamline insolvency processes, reduce delays, and enhance investor confidence. Finance Minister Nirmala Sitharaman stated that the changes include stricter timelines for resolution, out-of-court settlement options, and provisions for cross-border insolvency. These measures are expected to improve the efficiency of the IBC framework and address concerns related to litigation and frivolous complaints. The bill replaces the underutilized fast-track process with a new creditor-initiated model, ensuring timely resolutions for stressed companies while safeguarding worker's rights.
GOVERNANCE· 30 Mar
Parliament Budget Session LIVE: Lok Sabha to discuss Insolvency, Bankruptcy Code Bill; Rajya Sabha to take up CAPF Bill
The Lok Sabha will continue discussions on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 on Monday, March 30, 2026. The bill aims to address delays in insolvency proceedings and introduce procedural amendments. Additionally, the House is expected to discuss the government's efforts to combat left-wing extremism, with a deadline of March 2026 set by Union Home Minister Amit Shah for achieving Naxal-free India.
WORLD· 28 Mar
West Asia crisis: Rajnath Singh calls for swift decisions, long-term readiness
Defence Minister Rajnath Singh chaired the first meeting of the Informal Group of Ministers (IGoM) to monitor the situation in West Asia. The IGoM, which included Finance Minister Nirmala Sitharaman, Parliamentary Affairs Minister Kiren Rijiju, and other ministers, discussed the impact of the ongoing conflict on India's energy supplies, essential commodities, infrastructure, and supply chains. Singh emphasized a proactive approach to ensure preparedness and safeguard Indian citizens from any potential consequences.
ECONOMY· 27 Mar
Finance minister Nirmala Sitharaman assures fiscal vigil amid oil spike
Sitharaman, the Indian Finance Minister, addressed concerns about a potential lockdown amidst the West Asia conflict and reassured citizens that the government is actively managing the country's fiscal position. She emphasized efforts to mobilize non-tax revenues and highlighted the government's strategy of shielding citizens while sustaining growth. The Finance Bill was passed by voice vote in the Rajya Sabha, completing the budget process for the fiscal year beginning April 1st.
GOVERNANCE· 26 Mar
Kerala Assembly Elections 2026: Satheesan accuses Pinarayi of being an RSS agent
V.D. Satheesan, leader of the Opposition, countered Pinarayi Vijayan, Chief Minister of Kerala, by posting old photographs of CPI(M) leaders alongside BJP figures to refute accusations of bowing to the RSS. Satheesan argued that the CPI(M) has had clandestine ties with the RSS throughout history and accused Vijayan of being an RSS agent. He cited examples like the 1977 election victory, support for V.P. Singh in 1989, and alleged secret dealings with RSS leaders.
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ECONOMY· 25 Mar
Lok Sabha approves Finance Bill, tax rules eased
Nirmala Sitharaman, the Indian finance minister, defended amendments to the Finance Bill that aim to reduce litigation and simplify tax compliance for businesses and individuals. The bill allows tax officials to reopen previously struck-down cases and revalidate past orders, while also providing a 30-day response window for reassessment notices and removing arrest provisions for non-payment of taxes. Sitharaman argued that the bill provides relief for middle class households through reduced tax collection at source on overseas education remittances and tour packages, as well as customs duty exemptions on life-saving drugs. She also defended the indirect tax policy, citing increased consumption due to recent GST rate cuts and backing tax breaks for data centers.
ECONOMY· 25 Mar
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolution
The Indian government introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, to streamline insolvency resolution processes. The amendments, which include a new creditor-led resolution process with a 150-day deadline, aim to reduce delays in resolving insolvent companies. Experts suggest this shift from a punitive system to one that encourages governance will foster trust and cooperation between creditors and debtors.
GOVERNANCE· 25 Mar
Parliament Budget Session LIVE updates: Nirmala Sitharaman replies to discussion on Finance Bill 2026 in Lok Sabha
Nirmala Sitharaman, Union Finance Minister, stated that reform is occurring in India due to conviction. The Rajya Sabha will consider the Transgender Persons (Protection of Rights) Amendment Bill, 2026, while the Lok Sabha passed it yesterday with an Opposition-led walkout. Nityanand Rai, MoS Home Affairs, introduced a bill to amend the Foreign Contribution (Regulation) Act. The Business Advisory Committee in the Lok Sabha discussed ending the Budget session by March 28th due to upcoming Assembly elections. The government may take a break for the polls and reconvene after April.
ECONOMY· 24 Mar
Income Tax Act 2025 cash rules explained: What are the key changes proposed?
The Government of India has officially notified the Income Tax Rules 2026, effective April 1, 2026. These new rules aim to simplify the tax process by replacing the old ones and will be implemented alongside the updated Income Tax Act, 2025. The changes include an increased education allowance deduction, higher thresholds for PAN quoting requirements, strengthened stock exchange compliance, a unified "Tax Year," redesigned ITR forms, and revised company perquisites. Finance Minister Nirmala Sitharaman emphasized that these rules provide a clearer framework but must be administered with empathy and efficiency to foster trust between the taxpayer and the Income Tax Department.
GOVERNANCE· 24 Mar
Parliament may take an early break for Assembly elections
The Business Advisory Committee in the Lok Sabha discussed ending the Budget session early to allow leaders to campaign for upcoming elections. With Assembly elections in Assam, Kerala, and Puducherry approaching, many MPs have been absent from parliamentary proceedings. The government indicated it may not formally end the session but instead take a break during the election period. Home Minister Amit Shah and other top leaders are pushing for an amendment bill to implement the Women’s Reservation Act ahead of the 2029 Lok Sabha elections.
GOVERNANCE· 23 Mar
Parliament Budget Session LIVE: Dharmendra Pradhan says Centre committed to making education affordable
Nirmala Sitharaman, the Union Finance Minister, will introduce the Corporate Laws (Amendment) Bill, 2026, to further amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013. The second phase of the Budget Session will reconvene on Monday, March 23, 2026, with several ministers scheduled to lay papers. Parliament will sit from March 28th and 29th to compensate for holidays.
GOVERNANCE· 18 Mar
Parliament Budget Session LIVE: PM Modi bids farewell to retiring Rajya Sabha MPs on completion of their terms
The Lok Sabha revoked the suspension of eight opposition members, who were barred from the House on February 3rd for "unruly" behavior. Speaker Om Birla emphasized that no placards, posters, photos, or AI-generated images are permitted inside the House or Parliament complex. Janardan Singh Sigriwal, a member of Lok Sabha and the Standing Committee on Petroleum and Natural Gas, presented the seventh report on 'Demands for Grants (2026-27)' for the Ministry of Petroleum and Natural Gas in the Lok Sabha. The Rajya Sabha discussed the Appropriation Bill, 2026, and Union Finance Minister Nirmala Sitharaman returned it after responding to queries.
ECONOMY· 15 Mar
Market crash wipes Rs 34 lakh cr in March so far; can tax harvesting help investors?
## Tax Loss Harvesting: A Strategy for Lowering Tax Bills Tax loss harvesting is a strategy used by investors to reduce their tax liability. It involves selling investments that have lost value and using those losses to offset gains from other investments. This allows investors to avoid paying capital gains tax on the profitable shares, potentially saving them significant amounts of money. For example, an investor can sell shares with a loss to offset profits made from another investment, effectively reducing their overall tax burden. There are two main methods for tax loss harvesting: tax loss harvesting and tax gains harvesting. Tax loss harvesting involves selling investments that have lost value to offset gains in future years. Tax gains harvesting focuses on selling investments that have gained value but holding onto the rest of the portfolio. This strategy allows investors to reduce their overall tax liability by strategically selling certain assets while keeping others for potential long-term growth.
GOVERNANCE· 13 Mar
Opposition’s ‘we want LPG’ protest disrupts Lok Sabha
Opposition parties protested inside and outside the Lok Sabha on March 13, 2026, over the alleged LPG shortage. The protests led to repeated adjournments as Parliamentary Affairs Minister Kiren Rijiju criticized the Congress for their behavior and warned of public backlash. Finance Minister Nirmala Sitharaman responded to earlier debate amidst continued sloganeering by Opposition members demanding a clear roadmap from the government.
ECONOMY· 13 Mar
Infra likely to be focus of Telangana 2026-27 budget as Govt trying to balance welfare and development
Telangana's government is prioritizing infrastructure development in the upcoming 2026-27 budget, aiming to attract investments and boost economic growth. The government faces challenges due to lower-than-expected revenue receipts and significant interest payments from previous loans. Chief Minister A. Revanth Reddy has directed officials to allocate maximum funds to key infrastructure projects like the Bharat Future City, Hyderabad Metro Rail expansion, and Radial Roads. Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka is reviewing department-wise allocations based on government priorities. The state government is also seeking central assistance through special programs like the capital investment scheme for infrastructure development.
ECONOMY· 13 Mar
Economic Stabilisation Fund to help government respond to global challenges: Sitharaman
Finance Minister Nirmala Sitharaman announced the creation of a ₹1 lakh crore Economic Stabilisation Fund to provide fiscal headroom for India to respond to global challenges. The fund, approved through supplementary demands for grants in the Lok Sabha, will help absorb shocks from unforeseen events like the current situation in West Asia. Ms. Sitharaman also stated that the fiscal deficit for the current financial year (2025-26) would remain within the Revised Estimates and there would be no increase in expenditure beyond the Budget Estimates of 2025-26.
