Policy

Officials said the GST Council is likely to convene only after the new state governments are in place.

This government said that these measures have been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry.

The reservation is also expected to follow a vertical framework, ensuring quotas for Scheduled Castes and Scheduled Tribes within the women's quota.

Sources stated that the Centre undertook sectoral exclusions from the relief measures with regards to select sensitive sectors.

The clarification comes at a time when global investors had grown increasingly concerned about the scope of GAAR, particularly after recent court rulings strengthened the substanceoverform doctrine in crossborder tax matters.

The feedback collected from these meetings will help the Commission decide how much salaries, pensions and benefits should be revised in the future.

The concessional customs duty rates will range between 5% and 12.5%, significantly lower than the standard applicable rates.

The proposed amendments also seek to bring user-generated news content by individuals who are not formally classified as publishers under the regulatory framework.

India has banned several Chinese CCTV makers from April 2026, enforcing strict certification rules to boost cybersecurity and oversight. The move favours domestic firms but may raise prices and cause short-term supply disruptions.

Sources indicated that Aviation Minister Kinjarapu Ram Mohan Naidu is likely to write to Chief Ministers of states, urging them to consider lowering VAT on ATF.

Under the temporary relaxation, up to two petrol pumps per district, preferably company-owned and operated outlets, can store and sell kerosene, with a cap of 5,000 liters per outlet.

Bihar State Power Transmission Company Ltd (BSPTCL) is set to become the first state-owned transmission utility to go public, with the listing proposed on the NSE.

The RBI is also looking to facilitate enhanced access to payment data, given the significant growth in recent years, which will also serve as a single point of access for cross-border payment data.

The bill has sought to increase the time period for reporting cancellation of registration for vehicles from 14 days to 30 days.

For the Indian Army, approvals were granted for Armoured Piercing Tank Ammunition, Dhanush Gun System and the Runway Independent Aerial Surveillance System.

According to government and industry estimates, OMCs are currently losing Rs 24-30 per litre on petrol and diesel sales due to the sharp rise in global crude prices.

Supplies made by public sector oil companies to neighbouring countries — including Nepal, Bhutan, Bangladesh and Sri Lanka — will continue to receive preferential treatment.

The Modified UDAN Scheme has received approval for the period from FY 2026-27 to FY 2035-36.

The Government of India issues treasury bills (T-bills) as money market instruments that function as promissory notes, guaranteeing repayment at a later date.

The Union Budget 2026-27 tabled on Feb. 1 by Finance Minister Nirmala Sitharaman envisages a total expenditure of Rs 53.47 lakh crore.