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Cabinet Clears Bill For 100% FDI Insurance Why in the News ? The Union Cabinet approved the Insurance Laws (Amendment) Bill, 2025 to allow 100% Foreign Direct Investment (FDI) in the insurance sector, subject to domestic investment of premiums, aiming to deepen insurance penetration, boost infrastructure financing, and improve ease of doing business. Insurance FDI …
Read MoreTwo-Rate GST Structure to Begin from September 22 Why in the News ? The GST Council, in its 56th meeting, approved a two-rate GST structure of 5% and 18%, along with a special 40% slab for sin and luxury goods. This significant policy reform, effective from September 22, 2025, aims to simplify taxation and reduce …
Read MoreNew Income Tax Bill Proposes Structural Overhaul Why in the News ? The Income Tax Bill, 2025, proposing 285 changes to India’s tax laws, was recently cleared by a parliamentary committee. Though cleaner and better organised, concerns remain whether the new language translates into real legal simplification or not. Key Features of the New Bill: …
Read MoreWhy in the News? PM Internship Scheme (PMIS): Finance Minister Nirmala Sitharaman launched a dedicated mobile app to enhance access. Second phase: Internship postings increased to 327 companies, up from 280 in the first phase. National goal: The scheme aims to engage top 500 companies to offer internships for one crore youth over five years. …
Read MoreWhy in the News? The Finance Ministry calls upon private sector banks to increase lending through schemes like PM SVANidhi and PM Vishwakarma, targeting job creation for artisans and street vendors. Secretary Vivek Joshi leads a review meeting with bank executives to assess the progress of these inclusive initiatives. Source: Samhita About Financial Inclusion Schemes: …
Read MoreSyllabus: GS-3-Budget from new government , Interim budget , Vote on account ,Implications for people and government. Focus: The article outlines the expected approach of the NDA 3.0 government in its first budget, emphasizing policy continuity, fiscal correction, and growth support through capital expenditure. Revenue mobilization strategies, social security agenda, and structural reforms are highlighted …
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