Sitharaman said that the government will set up a Joint Committee of Ministry of Corporate Affairs and Central Board of Direct Taxes for incorporating the requirements of Income Computation and Disclosure Standards (ICDS) in the Indian Accounting Standards (IndAS) itself.
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Finance Minister Nirmala Sitharaman emphasizes AI for people and jobs in India. The government supports startups and practical AI solutions. India Semiconductor Mission 2.0 is launched to boost semiconductor manufacturing and design. Incentives for electronics components manufacturing are also increased.…
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Finance Minister Nirmala Sitharaman unveiled the FY 2026-27 Union Budget, prioritizing growth with a significant Rs 12.2 lakh crore capital expenditure. The budget aims for fiscal consolidation, targeting a 4.3% fiscal deficit and a Rs 11.7 lakh crore borrowing program…
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Centre aims to boost non-tax revenues through PSU stake sales and infrastructure asset monetisation
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The Union Budget 2026 introduces essential reforms in Customs and Central Excise that simplify tariffs and enhance support for domestic manufacturing. With a strong emphasis on export competitiveness, initiatives will strengthen the marine, leather, and textile sectors. Additionally, there will…
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The IDBI Bank stake sale, long in the works, involves the transfer of a significant portion of the government’s shareholding, alongside the promoter stake held by Life Insurance Corporation of India (LIC), to a private buyer.
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