BUSINESS
Three-member Delimitation Commission proposed to reshape Lok Sabha; SC Judge to lead 850-seat expansion
The Commission will carry out the delimitation exercise based on the 2011 census figures.
BUSINESS
Govt proposes to expand Lok Sabha to 850 seats, reserve one-third seats for women; 2011 Census to base delimitation
The Bill aims to operationalise the 106th Amendment Act, "that provides for reservation of nearly one-third of seats for women in the Lok Sabha and the Legislative Assemblies
BUSINESS
Noida wage protests 'politically motivated', anti-labour laws trade unions creating unrest: Official
The Union Labour Ministry is seized of the matter, but the appropriate action has to be taken by the state govt, which they are doing, the official noted
BUSINESS
TCS’ Nashik matter falls under state govt’s domain, but Centre is monitoring probe: Official
'We can only nudge the state labour department to take action against the company’s management, in case of foul play,' an official said
BUSINESS
Hike in fuel export duties to inject up to Rs 1,200 crore into govt coffers every fortnight
India’s fuel exports are largely directed towards neighbouring and regional markets. These include countries in South Asia such as Sri Lanka and Bangladesh, as well as parts of Southeast Asia, including markets like the Philippines. Demand from these regions will also influence how export flows evolve despite the duty, the sources said.
BUSINESS
FM Sitharaman slams Stalin over 'false narratives' on paddy bonus; bats for pulses, oilseeds for self-reliance
The FM has said farmers can get better prices for pulses, oilseeds and millets, as there is a a supply gap. It will also aid self-reliance
BUSINESS
IBBI study pitches for tighter monitoring of debtors, greater role for resolution professionals to detect fraud
As per sources, the regulator is mulling measures, such as, stronger conflict-of-interest disclosures by resolution professionals, and stricter penalties on them for any deliberate concealment of fraudulent transactions, to ensure that financial foul play of debtors are properly reported.
BUSINESS
Andhra Pradesh moves to regulate children’s social media use; Draft law in the works
In the meeting, representatives of major social media platforms Meta, Google, Grok, Snapchat, Sharechat, Josh briefed the Group of Ministers over the draft law.
BUSINESS
MPC Member Nagesh Kumar calls for hike in industrial subsidies to boost competitiveness
On dumping, Kumar said that due to trade restrictions across the world, Chinese products are getting "dumped" in neighbouring countries, including India. "Many big conglomerates in India – very established player in textiles and garments have switched off importing from China."
BUSINESS
IBBI committee recommends project-wise insolvency for real estate cases
The report recommends that admission of CIRP may be confined to the defaulting project, and "solvent, completed or unrelated projects of the same developer may not be included".
BUSINESS
Direct tax collections miss estimate in FY26; Iran war to raise more revenue challenges in FY27: Govt sources
For now, the assessment is that the pressure is manageable, but a prolonged disruption could weigh on revenue collections going forward, say officials. "We will have a clearer sense of the income tax collection trend for the year once the first advance tax instalment comes in by June 15".
BUSINESS
Govt to retain budgeted capex target of Rs 12.22 lakh cr, global uncertainty notwithstanding: Official
Centre signals no rollback of Union Budget 2026–27 roadmap. "There is no plan to cut back expenditure on any scheme which affects major labour-intensive sectors. In fact, the present circumstances may entail higher-than-budgeted spending,” the official said.
BUSINESS
IDBI Bank divestment: Govt likely to call revised bids but another option is on the table too
Fairfax India Holdings and Emirates NBD could be asked to submit revised bids for the stakes
BUSINESS
India may be settling Iranian oil payments largely in rupees, government sources say
Rupee accumulated by the Iranian side can be used to procure Indian goods and services ranging from basmati rice to tea, officials indicated.
BUSINESS
Govt likely to launch $1.5-billion reinsurance fund for ships navigating war-hit West Asia
This fund would be managed by General Insurance Corporation of India. The aim is to encourage insurance companies to extend coverage to Indian vessels sailing in the war-hit waters
BUSINESS
Centre adds farmer identification with fertiliser usage data, telecom tower clearances as conditions for state loans
Centre keeps Rs 25,000 crore buffer in SASCI scheme, with allocation based on reform progress and spending needs.
BUSINESS
Govt to launch Rs 2.5-lakh-crore credit guarantee scheme to combat West Asian crisis stress in coming days
The scheme will likely provide a 90 percent credit guarantee for loans from the National Credit Guarantee Trustee Company (NCGTC) availed by businesses, said officials.
BUSINESS
The year 2025 ended optimistically for India; current year more challenging: FM Sitharaman
Our general government debt-to-GDP ratio (which includes States’ debt), at approximately 81%, is the lowest among major economies after Germany. "More importantly, India is the only major economy where the IMF projects this ratio to fall significantly — to 75.8% by 2030," said the FM.
BUSINESS
Lower thresholds, easier filing to revive pre-packaged insolvency process for MSMEs, say officials
The PPIRP was introduced in 2021 but merely 10-12 cases have successfully been resolved through the process, say officials. The revised draft rules aim to address the shortcomings of the process
BUSINESS
Centre largely meets FY26 indirect tax mop-up targets: Official
A government source said collections from customs stood at 102 percent of RE for FY26, while central excise collections were at 101 percent. The collections from Central GST stood at 100.8 percent of RE.
BUSINESS
Petrochemical tax relief to cost Centre Rs 1,800 crore in revenue: CBIC Member
"It’s a temporary and targeted relief to safeguard supply stability in the country. This is expected to benefit large number of industries including plastics, packaging, chemicals, automotive components others," said CBIC Member Sanjay Mangal.
BUSINESS
Legacy exits secured: New I-T rules shield pre-FY18 foreign holdings from anti-avoidance rules
New I-T amendments clarify that pre-2017 investments are shielded from GAAR, effectively countering the Supreme Court’s Tiger Global ruling to protect treaty benefits for foreign entities.
BUSINESS
The Finance Act 2026 could unlock Rs 4,000 crore in litigated GST refunds for Indian intermediaries
The Finance Act amendment could primarily benefits IT/ITeS companies, marketing firms, and businesses providing intermediary or sourcing services to overseas clients, as it ensures their cross-border services are correctly recognized as exports for GST purposes, say experts.
BUSINESS
India’s cryptocurrency policy paper likely shelved for now amid RBI resistance
The government is relying on tax and FIU-led monitoring to oversee the crypto sector. Government officials believe these steps are enough even without a dedicated regulatory framework. Moreover, there is a concern that stablecoins and other forms of cryptocurrency pose systemic risks, instead the RBI’s digital currency remains a key focus area.
