New Delhi, March 25 (IANS) The government on Wednesday announced a three-year tax exemption on dividend income for national cooperative federations, a move aimed at benefiting small members and strengthening the cooperative sector.Finance Minister Nirmala Sitharaman said in the Lok Sabha that the tax relief will help boost incomes of small cooperative members and encourage greater participation in the sector.FM Sitharaman stressed that cooperatives, along with micro, small and medium enterprises…
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New Delhi, March 24 (IANS) The government is planning to seek a break in the ongoing Parliament session this week following requests from members, including many from the Opposition, who wish to focus on the Assembly elections in 5 States and Union Territories next month, said an official source on Tuesday. The session, the 7th of the 18th Lok Sabha, began its second leg on March 9 and, as per the original plan, was scheduled to conclude on April 2, focusing on detailed financial business and…
New Delhi, March 23 (IANS) Finance Minister Nirmala Sitharaman tabled the Finance Bill, 2026, in the Lok Sabha on Monday, marking a key legislative step that will provide legal backing to the proposals announced in the Union Budget for 2026-27.Once passed, the Finance Bill will bring into force changes in income tax rates, as well as customs and excise duties that were announced as part of the Budget proposals.The Finance Minister also introduced the Corporate Laws (Amendment) Bill, 2026, in the…
New Delhi, March 23 (IANS) Finance Minister Nirmala Sitharaman is set to table two key bills — the Finance Bill, 2026 and the Corporate Laws (Amendment) Bill, 2026 — in the Parliament on Monday.The Finance Bill, 2026 aims to give effect to the financial proposals of the Central Government for the 2026–2027 fiscal year. Finance Minister will move for the bill’s consideration and seek its passage.This will mark a key step in implementing the government’s budgetary plans and economic poli…
New Delhi, March 9 (IANS) As Parliament reconvened for the second phase of the Budget Session, Congress MPs intensified their criticism of Om Birla, backing the Opposition’s no-confidence motion against the Speaker.Congress MP Mallu Ravi said the motion has been brought because Opposition members were repeatedly prevented from speaking during proceedings.“Today we are bringing resolution to remove the speaker because he is not allowing the Leader of Opposition to speak. Not only the Leader o…
New Delhi, Jan 27 (IANS) The traditional Halwa ceremony, which marks the final stage of preparations for the Union Budget 2026-27, was held on Tuesday at the Budget Press in North Block. The ceremony took place in the presence of Union Finance and Corporate Affairs Minister Nirmala Sitharaman and Union Minister of State for Finance Pankaj Chaudhary.The Halwa ceremony is an important ritual that signals the beginning of the ‘lock-in’ period for officials involved in preparing the Budget.Once …