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2 stories for “Finance Ministry” · February 2026

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Saturday28 Feb 2026

Economy

Central Excise Day Observed on 24 February

Central 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...

1 min read

Thursday5 Feb 2026

Economy

Union Budget 2026-27 in Numbers: Fiscal Deficit at 4.3%, Record ₹7.85 Lakh Crore for Defence

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%...

1 min read