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11 stories for “PLI” · February 2026
Clear filtersCentral Excise Day on 24 February marks the Central Excise and Salt Act of 24 February 1944, which merged 11 excise laws into one. Central excise is an indirect tax on goods made in India; since GST in 2017 it applies ma...
**Overview** On February 28, 2026, the Central Board of Indirect Taxes and Customs (CBIC) introduced the Eligible Manufacturer Importers (EMI) scheme, a landmark reform allowing the deferred payment of Customs import dut...
Overview In February 2026, India and the UAE ratified a new Bilateral Investment Treaty (BIT) to further strengthen the economic corridor established by the 2022 CEPA. This treaty provides a comprehensive legal framework...
Gross Non-Performing Assets of India's scheduled commercial banks dropped to a record low of 2.15% in September 2025. NPAs are loans on which repayment is overdue by more than 90 days. Public sector banks reported 2.50%,...
The World Bank held up Karnataka's 2014 fiscal reform as an example for other States. Karnataka began counting the borrowings of its Public Sector Undertakings and Special Purpose Vehicles as State liabilities, which imp...
The Department for Promotion of Industry and Internal Trade has formally defined a deep tech startup as one building solutions on new scientific or engineering knowledge, spending most of its funds on R&D, creating signi...
The 16th Finance Commission recommended grants of ₹9.47 lakh crore over five years, only for local bodies and disaster management, ending revenue deficit, sector-specific and State-specific grants. Local bodies get ₹7,91...
Overview The Ministry of Commerce and Industry announced a major expansion of the Startup India Seed Fund Scheme (SISFS) in February 2026, with a specific focus on nurturing entrepreneurs in Tier-2 and Tier-3 cities. The...
India's pharmaceutical industry is shifting its focus towards complex generics, biosimilars and innovation. The country ranks 11th in pharmaceutical exports by value with a 3% global share and third by volume, meeting ar...
Overview Following the presentation of the Union Budget 2026–27, the government introduced several tax reforms aimed at simplifying the tax system, improving compliance, and boosting economic activity. The changes focuse...
On February 1, 2026, the Government of India presented the Union Budget 2026–27, outlining its fiscal strategy to drive economic growth, infrastructure expansion, and social welfare. The budget focused on balancing devel...
