Finance Minister Nirmala Sitharaman on Sunday proposed a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs as she presented the Union Budget 2026-27.
The 2026-27 Budget, seeking to harmonise the government's imperative to grant certainty while ensuring a rational tax policy, had several notable announcements to usher in halcyon days, says Mukesh Butani.
'As a result of delays, the desired reliefs are not coming for taxpayers.'
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
Sources said the Leader of Opposition sought more details of the appointees and is learnt to have questioned the criterion adopted for the selection of Chief Information Commissioner and eight other Information Commissioners.
A panel headed by PM Modi and including Rahul Gandhi will meet to decide on the next Chief Information Commissioner and information commissioners for vacant positions at the Central Information Commission (CIC).
The Supreme Court of India has ruled that using terms like "miyan-tiyan" and "Pakistani" does not constitute an offence of hurting religious sentiments, though the court acknowledged that such language is in "poor taste". The court discharged a man who had been accused of using these terms against an Urdu translator in Jharkhand.
As the government moves to revamp India's securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and market insiders have raised concerns on potential funding challenges for the stock market regulator.
Sources in the Election Commission (EC) rejected claims on Saturday of rigging in last year's Maharashtra Assembly polls and said defaming the poll panel after receiving an unfavourable verdict from the voters is absolutely absurd.
The cost of any flight from Delhi and Mumbai could rise by up to Rs 3,000 soon unless the airport regulator is able to reverse a court order.
The Trinamool Congress (TMC) has accused the Election Commission of India (ECI) of a "scam" after the poll panel admitted to the existence of duplicate voter ID numbers. The ECI has said it will address the issue in the next three months. TMC leader Saket Gokhale alleged that the ECI is trying to "protect" someone and demanded answers about the extent of the duplication and why it took 25 years to address the problem.
The Delhi High Court has set aside a Central Information Commission (CIC) order that directed the disclosure of information related to Prime Minister Narendra Modi's bachelor's degree.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
If the TVK joins the NDA, there is every likelihood of the AIADMK winning an absolute majority in the 234 seat assembly and wanting to form a stand-alone government. In turn, it could mean that the BJP especially and the TVK equally so, will want to restrict the AIADMK's seat share closer to the cut-off figure, if only to ensure that EPS won't get the absolute majority that he desires (if the NDA won, that is) and will have to settle for a coalition government, observes N Sathiya Moorthy.
'The hearing is not adversarial but inquisitorial in nature -- it allows Sebi to examine the context, the strategy, and the intent behind the trades, particularly when algorithmic and expiry-day trading are involved.'
The Centre has opposed the imposition of fixed timelines on governors and the President for decisions on bills passed by state legislatures, arguing that such constraints were intentionally omitted by the Constitution's framers.
The famous 'tareekh pe tareekh' dialogue from the Hindi movie Damini captures where we are now.
The Supreme Court of India has ruled that maternity leave is a fundamental right and cannot be denied to a woman based on the number of children she has from previous relationships. The court overturned a Madras High Court decision that had denied maternity leave to a Tamil Nadu government school teacher who had two children from a previous marriage. The Supreme Court emphasized the importance of reproductive rights, including maternity benefits, as part of international human rights law. The court also highlighted the right to life under Article 21 of the Indian Constitution, which includes the right to health, dignity, and reproductive choice. The decision has significant implications for women's rights and reproductive healthcare in India.
The Supreme Court of India has criticized the Uttar Pradesh government and Prayagraj Development Authority for the demolition of homes in the city, calling the actions "inhuman and illegal." The court ordered the authority to pay Rs 10 lakh compensation each to the homeowners, stating that the demolitions were carried out in a "high-handed" manner without following due legal process. The petitioners, whose homes were demolished, argued that the state government wrongly believed the land belonged to gangster-politician Atiq Ahmed. The Allahabad High Court had previously rejected their plea challenging the demolition.
This is the first case involving India and the US at the WTO after both sides decided to withdraw all seven pending cases at the WTO during the Biden administration.
Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.
The Supreme Court of India ordered the release of a man who had spent 25 years in prison for murder, ruling that he was a juvenile at the time of the crime. The court found that the convict, Om Prakash alias Raju, had been wrongly convicted due to errors by the courts in determining his age. The case highlights the importance of proper age verification and the need for courts to actively ensure the fair treatment of juveniles within the legal system.
The Indian government as respondent in Sanjay Bhandari extradition case has sought permission from the London high court to appeal against the discharge of the defence sector consultant wanted in Delhi to face charges of alleged tax evasion and money laundering.
The demolition started with the removal of the roof amid tight police security, Latif told the PTI on Monday evening.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
In an apparent violation of the Right to Information Act, the Public Information Officer at the Prime Minister's Office has refused to provide information to an applicant, saying he failed to show how it was "useful" to him "either personally, socially or nationally".
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
With the Supreme Court declining to intervene in the tax demand case against it Friday, mobile service company Vodafone faces a potential tax demand of up to $2 billion (Rs 9,800 crore) from the tax authorities.
The Supreme Court on Monday kept in abeyance the fresh election for the post of the mayor of Solan in Himachal Pradesh as it termed the disqualification of the incumbent, Usha Sharma, "a case of male bias".
The sacrament based Hindu marriage may be dissolved (in law), in limited circumstances and too only on the strength of evidence led by the parties, it said.
The NCLAT has set aside a petition filed by the state tax department claiming dues from Reliance Communications (RCom) observing that it was based on the assessment made after the initiation of insolvency resolution process against the debt-ridden firm. A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the state tax department's second claim of Rs 6.10 crore. Corporate Insolvency Resolution Process (CIRP) against RCom was initiated on June 22, 2019. The state tax department had filed two claims.
On the basis of her committee's report, the UCC in Uttarakhand established mandatory registration for marriages and live-in relationships, banned polygamy, and provided equal inheritance rights for women.
A bench of Justices Surya Kant and Ujjal Bhuyan, however, said there can be no straitjacket formula which enumerates that every case concerning the consideration of bail should depend upon the filing of a charge sheet.
In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.
The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0. Vivad Se Vishwas scheme 2.0 was originally announced in Budget 2024-25 presented in July for resolution of certain income tax disputes pending appeal.
Balaji was arrested on June 14 last year by the ED in connection with a money laundering case linked to an alleged cash-for-jobs scam when he was the transport minister in an earlier AIADMK government.
The Rajya Sabha on Thursday passed a bill to replace a British-era law governing the publishing industry and simplify the process for registration of periodicals with the government.
The matter came up before Justice Subramonium Prasad who listed it for hearing on October 16.
Delhi Chief Minister Arvind Kejriwal has sought extension of his interim bail by seven days from the Supreme Court to undergo a host of medical tests, including a PET-CT scan in view of his 'sudden and unexplained weight loss, coupled with high ketone levels', which are indicatives of kidney, serious cardiac ailments and even cancer.
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