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    Rajya Sabha returns supplementary demands for grants for Rs 41,455 cr additional spending in FY26
    Maharashtra govt has sought over Rs 29,000 crore from Centre for rain-hit farmers, says Ajit Pawar
    CM Fadnavis, Cong's Patole engage in war of words over 'short' Winter session
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    No breach of fiscal discipline: Ajit Pawar on supplementary demands
    NEWS HIGHLIGHTS
    NCP (SP) slams Fadnavis govt over supplementary demands, cites growing financial burden
    Maharashtra govt tables supplementary demands of Rs 57,509 cr in assembly
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    Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, chaired the annual review meeting with MDs and CEOs of Public Sector Banks ...
    Union Minister for Finance and Corporate Affairs chairs Conclave with Principal Chief Commissioners of CBDT, in New Delhi
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    Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman presides over 16th Annual Day commemoration of Competition Commission of India, ...
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    December 16, 2025
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    Supplementary grants authorise Rs 41,455 crore additional spending in FY26, including major fertiliser and petroleum subsidies.
    Parliament authorised the first batch of Supplementary Demands for Grants for FY26, totalling a gross Rs 1.32 lakh crore and a net cash outgo of Rs 41,455.39 crore after Rs 90,812 crore saved by ministries. The package specifically approves Rs 18,525 crore for fertiliser subsidies and about Rs 9,500 crore to offset petroleum under recoveries, with additional allocations for higher education and commerce; the Rajya Sabha returned the demand to the Lok Sabha after debate emphasising fiscal consolidation.
    December 11, 2025
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    Farmers affected by unseasonal rains await central assistance after state sought over Rs 29,000 crore relief.
    The state has sought central assistance exceeding Rs 29,000 crore for farmers hit by unseasonal rains and floods to supplement state relief and a prior compensation package, with central inspection teams assessing damage and release of funds awaited. The legislature approved about Rs 75,000 crore in supplementary demands while maintaining fiscal discipline, and the budgetary adjustments allocate funds to targeted schemes including Baliraja, expanded health coverage, social security enhancements, and a matching grant for the Centre's interest-free loan scheme.
    December 8, 2025
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    Legislature session duration disputed after immediate tabling of supplementary demands; scheduling defended as Business Advisory Committee decision.
    A contested six-day Winter session provoked objections that immediate tabling of supplementary demands and bills on day one curtailed thorough debate; the government maintained that first-day tabling accords with procedure and that debates occur prior to approvals. The session timetable was defended as a unanimous decision of the Business Advisory Committee and tied to contingency planning for the potential application of the model code of conduct for local body elections.
    December 8, 2025
    Show AI Summary
    Maharashtra government tables Rs 75,286 crore supplementary demands for farmer relief, subsidies, welfare and sectoral allocations.
    The Maharashtra government tabled supplementary demands of Rs 75,286.38 crore reallocating funds to farmer compensation, electricity tariff subsidies, Ladki Bahin Yojana payments, Women and Child Development schemes, the state's share of a long-term interest-free loan, stamp duty cess refunds, municipal grants, and sectoral appropriations for public works, planning tied to Viksit Maharashtra 2047, health insurance programmes and urban development.
    December 1, 2025
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    DRDO expands R&D with 148 new projects and zero-fee technology transfers to industry, plus a startup engagement policy.
    The Department of Defence Research and Development sanctioned 148 new R&D projects in the last three years, operates 15 DIA CoEs across identified research verticals, and maintains a pool of roughly 2,000 industry partners. DRDO transfers technologies to Indian industry at zero transfer of technology fee for designated partners and offers scientific consultancy. The department promotes public-private collaboration through mechanisms including Technology Development Fund, Dare to Dream, DcPP arrangements, ToT provisions and iDEX, and is introducing a policy to streamline start up engagement.
    November 24, 2025
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    Retired IPS officers challenge Finance Act pension validation as discriminatory and seek implementation of prior pension award with arrears.
    The Forum of Retired Indian Police Service Officers challenges Part IV of the Finance Act, 2025, which validates Central Civil Services pension rules and related expenditure principles, arguing the retrospective validation unlawfully revives provisions rejected by courts and discriminates among same-class pensioners by date of retirement; the petition names finance, home and law ministries, the Department of Pension and Pensioners' Welfare and the Department of Personnel and Training, and seeks declaration of unconstitutionality, implementation of a prior High Court order remitting pension from 2006 with arrears, and interest at 12% per annum.
    August 11, 2025
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    Demand-driven funding concern: panel urges increased MGNREGA allocations to ensure timely, uninterrupted implementation of rural works.
    Parliamentary scrutiny focuses on retaining MGNREGA allocations at the same level since the Revised Estimates for 2023-24 and stresses that the scheme's demand-driven design requires timely and adequate funding. The Committee questions the rationale for a static allocation, urges increased funds to meet targets, and finds the Department's reply-that releases are continuous and demand-based-stereotypical, calling instead for enhanced synchronisation between the nodal ministry and the finance ministry to ensure uninterrupted implementation.
    July 9, 2025
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    Fiscal discipline maintained: supplementary budget allocations approved while state debt and fiscal deficit remain within prescribed limits.
    Presentation of supplementary demands totalling Rs 57,509.71 crore to fund Centrally-sponsored schemes, infrastructure, statutory grants and committed expenditure, with the finance minister asserting continued adherence to fiscal discipline. The net additional burden after receipts is lower than gross demands and major allocations include 15th Finance Commission transfers, refunds, state equity in transit projects, loans to cooperative sugar mills, central capital assistance and NABARD funding. Projected debt is 18.87% of GSDP and fiscal deficit is 2.76% of GSDP, cited as within prescribed limits.
    June 30, 2025
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    Language policy withdrawal framed as protecting regional language unity after protest pressure and political objections.
    Withdrawal of state administrative orders on language instruction occurred amid anticipated joint protests, with political leaders characterising the move as driven by opposition and civil society pressure and necessary to preserve regional language unity. Separately, the state tabled supplementary budget demands for funding schemes; authorities completed disposal of industrial hazardous waste; law enforcement recorded an alleged sexual assault and robbery, a bomb hoax inquiry, and conducted security measures during the burial of a former banned-organisation affiliate.
    June 30, 2025
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    Fiscal imbalance risks welfare spending as supplementary demands widen the state's revenue shortfall and increase borrowing pressure.
    Supplementary budgetary demands significantly increase the state's projected revenue shortfall, and critics allege a recurring pattern of unspent allocations for Scheduled Caste, Scheduled Tribe and Other Backward Class welfare schemes. The government's additional borrowing and unsustainable financial commitments risk timely payment of obligations and reduction of welfare financing, while the routine practice of placing supplementary demands is said to mask divergence between budgetary promises and actual expenditure.
    June 30, 2025
    Show AI Summary
    Supplementary budget demands seek additional allocations for infrastructure, health, social welfare and cooperative support measures.
    The state government tabled supplementary demands to obtain additional funds beyond the budget, reallocating resources to mandatory expenditures, planned state schemes, and centrally-sponsored programmes for sectors including infrastructure, public health, social welfare, education scholarships, finance commission grants, refunds to local bodies, and margin money loans to cooperative sugar factories under a national cooperative assistance mechanism.
    June 29, 2025
    Show AI Summary
    Revenue board sweeping powers threaten business operations and liquidity, prompting industry opposition and relocation warnings.
    Trade bodies oppose Finance Bill provisions granting sweeping powers to the Federal Board of Revenue-including freezing bank accounts, seizing funds and arresting taxpayers on suspicion-and urge inclusion of business anomalies committee feedback. They warn these enforcement authorities, combined with existing liquidity strains from energy shortages and delayed tax refunds, risk trade and investment flight and serious consequences for industrial and export sectors.
    June 28, 2025
    Show AI Summary
    Financial inclusion drive urges banks to intensify outreach and implement the new MSME credit model to expand lending.
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    June 24, 2025
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    Taxpayer grievance redressal must be expedited and departmental appeals below revised thresholds withdrawn to reduce litigation backlog.
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    June 15, 2025
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    Tourism relief measures sought to designate tourism as distressed and secure loan rescheduling plus budget realignment for Ladakh.
    Delegations from Ladakh sought a special relief package for tourism-including recognition of tourism as a distressed sector, loan rescheduling, moratorium extensions-and requested that Budget Estimates and Revised Estimates be finalised using expenditure up to December to reflect the region's seasonal spending; they also sought restoration of Ladakh's budget allocation, enhanced local sanctioning powers, a dedicated Regional Rural Bank, a Ladakh Development Finance Corporation, expedited apportionment of regional bank assets and staff, and an RBI office in Leh.
    May 30, 2025
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    Five year scheme appraisal cycle mandates third party evaluations to recalibrate, merge, or discontinue centrally funded schemes.
    A structured five year appraisal and approval exercise has been launched for Centrally Sponsored Schemes and Central Sector Schemes, aligned with the Finance Commission cycle. The process mandates scheme evaluations tied to sunset dates and third party assessments to guide redesign, merger, closure, or continuation. Departments will use evaluation recommendations to remove redundancies, improve targeting, attach conditionalities, and determine resource envelopes, while avoiding fund parking to redeploy savings.
    May 28, 2025
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    Minimum Support Price increases for kharif crops raise guaranteed farmer margins, aligning MSP with cost plus policy.
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    May 28, 2025
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    Foreign Direct Investment policy supports increased inflows through liberalisation and automatic route expansion, boosting sectoral and regional investment.
    India's investor-oriented Foreign Direct Investment policy-notably broad access to 100% FDI via the automatic route and phased liberalisations since 2014-has coincided with rising inflows, reaching USD 81.04 billion in FY 2024-25, led by services and supported by growth in manufacturing. Regulatory reforms increasing sectoral FDI caps and expanding automatic-route access (including in coal mining, contract manufacturing and insurance intermediaries), together with a 2025 Budget proposal to raise FDI limits for certain companies, constitute the primary mechanisms driving expanded and diversified investment.
    May 21, 2025
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    National Retail Trade Policy inclusion of grassroots participation urged; digital transformation and vocal for local promoted for traders.
    National policy direction emphasises inclusive formulation of a National Retail Trade Policy with mandated grassroots participation, calling for submissions from Board members and enhanced outreach of Government welfare schemes; representations from trade associations have been forwarded to Ministries for action. The Board also promoted the Vocal for Local initiative and digital transformation through onboarding of local retailers onto platforms like the Open Network for Digital Commerce to expand market access, alongside Budget commitments to regulatory simplification, financial assistance, and infrastructure development for traders and MSMEs.
    May 21, 2025
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    Minimum necessary, maximum feasible principle steers competition regulation, shaping merger guidance and digital market oversight.
    The address and statements advocate a calibrated competition regulatory framework guided by the minimum necessary, maximum feasible principle to preserve open, contestable markets while enabling growth. CCI's toolkit combines enforcement, advocacy, market studies (including on AI), and institutional measures such as a Digital Markets Division. Practical compliance instruments released include a Diagnostic Toolkit for public procurement to detect bid rigging and FAQs on combinations reflecting the Competition (Amendment) Act reforms and the newly notified Combination Regulations, clarifying deal value thresholds, substantial business operations in India, and updated merger procedures.

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      Maharashtra govt tables supplementary demands of Rs 75,286 crore

      December 8, 2025

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      Mumbai, Dec 8 (PTI) The Maharashtra government on Monday tabled supplementary demands of Rs 75,286.38 crore in the legislative assembly, with a major share of the proposed spending directed towards farmer relief, subsidies and social welfare schemes.

      The state's public debt currently stands at Rs 9.32 lakh crore.

      Deputy Chief Minister and Finance Minister Ajit Pawar placed the supplementary demands before the House on the first day of the week-long winter session of the state legislature.

      With the latest proposals, the total supplementary demands placed by the current government stand at Rs 1,73,019 crore.

      The government has allocated Rs 15,648 crore for compensation and financial assistance to rain and flood-affected farmers, and Rs 9,250 crore for electricity tariff subsidies for agriculture pumps, power loom and handloom units.

      The state has proposed Rs 15,721.08 crore for the revenue and forest departments. It has also allocated Rs 6,103 crore for the Ladki Bahin Yojana, which provides a monthly financial assistance of Rs 1,500 to eligible women beneficiaries, and Rs 5,024.48 crore to the Women and Child Development Department for implementing other welfare schemes, as per the documents tabled in the House.

      Further, the government has earmarked Rs 4,439.74 crore as the state's share in the Centre's long-term interest-free loan, Rs 3,500 crore for the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme, Rs 3,281.79 crore for the Pradhan Mantri Jan Arogya Yojana and Ayushman Bharat schemes, Rs 2,200 crore as a special grant to municipal bodies, and Rs 2,500 crore towards stamp duty cess refunds.

      The government has also proposed Rs 9,205 crore for the industries, energy, labour and mining departments, and Rs 9,115.76 crore for the urban development department, ahead of elections to 29 civic bodies, including the Brihanmumbai Municipal Corporation.

      The Public Works Department will receive Rs 6,347.41 crore to clear dues and complete pending projects.

      An allocation of Rs 4,853.99 crore has been made to the planning department after the recent release of the vision document for 'Viksit Maharashtra 2047', which aims to make the state a five-trillion-dollar economy.

      Other allocations include Rs 3,861.12 crore to the home department, Rs 3,602 crore to the public health department, Rs 3,223.39 crore to the water resources department, Rs 2,395.44 crore to the school education and sports department and Rs 2,314.50 crore to the social justice department.

      This is the fourth set of supplementary demands presented by the Mahayuti government.

      After presenting a Rs 7.06 lakh crore annual budget for 2025-26, the state had tabled supplementary demands of Rs 33,738 crore during the winter session in December 2024 to fund the Ladki Bahin scheme, statue construction and road repairs.

      During the budget session in March, the government sought an additional Rs 6,486 crore, mainly for administrative expenses, followed by Rs 57,509 crore during the monsoon session in July for welfare schemes, 15th Finance Commission-linked grants and preparations for the Kumbh Mela, which will begin in Nashik in October 2026. PTI ND GK

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