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119 stories for “Finance”
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...
The Finance Initiative of the United Nations Environment Programme (UNEP FI) has set up the UNEP FI Impact Centre, a platform devoted to helping financial institutions handle their impact. Through the centre, members gai...
Uttar Pradesh tabled a ₹9.12 lakh crore Budget for 2026–27, about 12.9% larger than the previous year. Capital expenditure accounts for 19.5% of the total, focused on education, agriculture, health and infrastructure. Th...
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...
The Union Budget 2026-27 has a total outlay of ₹53.5 lakh crore and sets the fiscal deficit at 4.3% of GDP, down from 4.4% in 2025-26, with the revenue deficit at 1.5%. The debt-to-GDP ratio is projected to ease to 55.6%...
The 16th Finance Commission, chaired by Arvind Panagariya, kept the States' share of the divisible pool at 41% for 2026-27 to 2030-31. The Commission is a constitutional body under Article 280. Its main innovation is a n...
On 1 February 2026, Nirmala Sitharaman presented her ninth straight Union Budget, the first ever delivered on a Sunday, and also tabled the 16th Finance Commission report on tax devolution for 2026-2031. India's first fu...
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...
UNEP's State of Finance for Nature 2026 report shows that money harming nature far exceeds money protecting it. In 2023, about US$7.3 trillion went to activities that damage nature, against roughly US$220 billion for nat...
The United States invited India and Australia to the G7 finance ministers' meeting on critical minerals in Washington in January 2026. The talks focus on secure supply chains for minerals used in defence, electronics and...
On January 9, 2026, comprehensive updates regarding the highly impactful Kalaignar Magalir Urimai Thittam (Kalaignar Women's Rights Grant Scheme) were prominently highlighted by the Tamil Nadu government. This flagship w...
