Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 in the Lok Sabha at 11 a.m. on February 1, 2026, marking her record ninth consecutive Union Budget since taking charge of the finance ministry in 2019. This achievement is a first in Indian history and underscores her long‑standing role in shaping India’s economic policy. Historic Ninth…
The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, has approved a major rationalisation of GST slabs, simplification in rates, and changes aimed at easing tax burden for common goods, while increasing or maintaining rates for luxury / “sin” items. GST Rate Rationalisation: Key Aspects & Impacts 1. Tax Slabs Slashe 2. Effective…
Dr. Manmohan Singh was born on September 26, 1932, in Gah, a village in the Punjab province of British India (now in Pakistan). After the partition, his family migrated to India. A brilliant student, Singh earned his degrees in Economics from Punjab University, followed by a Master’s degree from Cambridge University, and a doctorate from…
The national budget in India, commonly known as the Union Budget, is a comprehensive financial plan that outlines the government’s revenue and expenditure for a fiscal year. The process of deciding the national budget involves several stages and follows a structured timeline. Below is an article that outlines how the national budget in India is…
