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Top exam-relevant stories with MCQ-ready key points, compiled every morning from PIB, RBI and All India Radio. Latest edition: 1 February 2026.
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Union Budget 2026 reiterates the government's strong commitment to its privatisation drive and disinvestment program, aiming to raise ₹47,000 crore in FY26. The focus has shifted from mere targets to enhancing public se…
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Finance Minister Nirmala Sitharaman launched the 'Biopharma Shakti' initiative during the Union Budget 2026, allocating Rs 10,000 crore over five years. This significant investment aims to bolster India's domestic produ…
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Finance Minister Nirmala Sitharaman has significantly increased the Securities Transaction Tax (STT) on Futures & Options (F&O) transactions. This policy aims to curb excessive market speculation, which the government r…
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Finance Minister Nirmala Sitharaman has termed the 10% nominal GDP growth estimate for FY27 (starting April 1, 2026) as realistic, based on the current GDP base year. This statement is crucial for understanding India's…
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The Union Budget 2026-27 proposes a significant tax holiday until 2047 for foreign companies utilizing Indian data centers for global cloud services. Announced by Commerce and Industry Minister Piyush Goyal, this initia…
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The Union Budget 2026-27 has introduced a monetary incentive to encourage the issuance of municipal bonds. This central government initiative aims to promote high-value municipal bond issuances, thereby bolstering urban…
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The Defence Secretary has indicated a potential 20% increase in India's defence budget for Fiscal Year 2027. This significant proposed hike aims to bolster operational readiness and enhance self-reliance amidst prevaili…
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The Union Budget 2026-27 has significantly increased allocations for the livestock and fisheries sectors by 26.7%, indicating a strategic policy shift. This substantial investment is crucial as these sectors are project…
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Finance Minister Nirmala Sitharaman has proposed simplifying Provident Fund (PF) trust rules by eliminating parity- and percentage-based limits on employer contributions. This significant policy change aims to ease comp…
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The Union Budget 2026 significantly boosts traditional wellness systems like Ayurveda and Yoga. It proposes training 1.5 lakh caregivers for these services and establishing three new Ayurveda institutes. Additionally, t…
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Finance Minister Nirmala Sitharaman announced an increase in Tax Collected at Source (TCS) on coal and lignite sales from 1% to 2% in the Union Budget 2026. This policy adjustment aims to simplify tax collection process…
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The Union Budget 2026-27, presented by Union Finance Minister Nirmala Sitharaman, revealed significant reallocations, notably including drastic cuts in the budgetary provisions for flagship schemes like LPG connections…
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The Union Budget 2026 proposes a significant change to Sovereign Gold Bonds (SGBs) taxation, effective April 1. Capital gains tax exemption will now only apply to SGBs purchased directly from the RBI and held until matu…
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The Union Budget 2026 announced the establishment of India's second national mental health institute and an expansion of trauma care facilities. This significant policy decision addresses the critical lack of mental hea…
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Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.3% of GDP for the financial year 2026-27 (FY27) during the Union Budget presentation. This crucial economic policy decision reflects the governm…
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The Union Budget has been lauded by trade bodies as growth-oriented and sector-enabling for Micro and Small Scale Industries (MSEs). It focuses on balancing capital infusion, infrastructure expansion, and proposing clus…
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Morgan Stanley forecasts India's nominal GDP growth at 10% for FY27, driven by the Union Budget 2026-27. The budget is seen balancing fiscal consolidation with growth support, focusing on capital expenditure. This strat…
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The Union Budget 2026-27 has significantly increased funding for pollution control initiatives, demonstrating a strong commitment to environmental protection and a green transition. This boost in allocation targets key…
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The Union Budget 2026-27 has significantly increased funding for India's skilling initiatives, allocating over Rs 9,800 crore to the Ministry of Skill Development and Entrepreneurship. This substantial boost aims to mod…
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The Union Budget 2026 introduced changes that will impact consumers. Duty cuts have made overseas tourism packages and energy transition equipment more affordable, but penalties for income tax misreporting and Securitie…
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The Union Cabinet has approved the Union Budget 2026-27, which will be presented by Finance Minister Nirmala Sitharaman in the Lok Sabha. This marks the ninth budget presented by Sitharaman and the third for the current…
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The 2026 Indian budget announced measures to boost export growth and domestic manufacturing, including simplified customs, reduced red tape, and sector-specific support for areas like marine, leather, textiles, and elec…
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The Indian government has announced a significant tax incentive for foreign companies offering cloud services worldwide. These companies will receive a tax holiday until 2047 if they utilize data center services located…
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The Union Budget 2026 presented by Finance Minister Nirmala Sitharaman outlines a six-point plan to boost India's economy. The strategy focuses on manufacturing in key sectors, revitalizing older industries, and support…
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