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Monday, March 2, 2026

Tag: Finance Ministry

Budget 2026: India May Introduce GST-Style Fewer Income Tax Slabs

India plans to simplify income tax by reducing slabs in the new regime to 3-4 by 2026, inspired by GST. Learn about proposed rates and implementation.

No Govt Direction to LIC on Adani Investments, Says FM Sitharaman

Finance Minister clarifies LIC's Adani Group investments were independent decisions based on due diligence and regulatory compliance, not government directives.

Sitharaman: Finance Ministry Does Not Advise LIC on Adani Investments

Finance Minister clarifies LIC's Adani investments follow standard procedures, denies ministry direction. Get details on the scale and context of the holdings.

Govt Plans Mega PSB Merger to Trim State Banks to 4 by FY27

India plans to consolidate 12 public sector banks into 4 large entities by FY27 to boost lending capacity and global competitiveness. SBI, PNB, BoB, and a merged Canara-Union Bank will be the anchors.

NPS to UPS Switch Deadline: Central Govt Employees Must Apply by Nov 30

Central government employees have until November 30, 2025 to switch from NPS to Unified Pension Scheme for enhanced retirement benefits including 50% pension.

Unified Portal for Unclaimed Assets: Finance Ministry, RBI Initiative

Claim your unclaimed bank deposits, shares, and insurance funds through new integrated portal. Already ₹1,887 crore returned to rightful owners.

Finance Ministry Revives Merger Plan for Three Public Sector Insurers

Government considers merging Oriental, National and United India Insurance into single entity after ₹17,450 crore capital infusion improved their financial health.

NBFCs Seek Lower SARFAESI Threshold in Pre-Budget Demands

NBFCs and microfinance sectors demand level playing field in debt recovery and tax treatment during pre-budget consultations with Finance Ministry.

GST Council to Form GoM to Address State Revenue Losses from Tax Reforms

New ministerial group to examine state revenue shortfalls as Kerala reports Rs 5,000 crore loss in six months. Get the latest on GST reforms impact.

FM Sitharaman Meets MSME Stakeholders for Pre-Budget Consultations

Finance Minister holds crucial pre-budget talks with MSME sector to address challenges and boost growth ahead of Union Budget 2026-27 presentation.

Budget 2026-27: Pre-Budget Consultations Begin with Economists

Finance Minister Nirmala Sitharaman chairs first pre-Budget meetings with economists and agriculturists for Union Budget 2026-27 preparation in New Delhi.

GST Collections Rise 4.6% to ₹1.95 Lakh Crore in October 2025

India's GST revenue shows strong growth with October collections hitting ₹1.95 lakh crore. Cumulative April-October period records 9% increase, reflecting economic momentum.