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    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    As Monsoon Session ends, Oppn slams Maharashtra govt over GDP spending, 'missing link' bridge issues
    Kerala Assembly: LDF boycotts proceedings over Finance Bill’s Subject Committee bypass
    Maharashtra farm loan waiver roll out from July 5; no eligible tiller to miss out: Govt
    Liquor tax row: CPI(M) accuses Kerala CM of making ''incorrect'' statements, seeks clarification
    Maharashtra govt tables Rs 97,706 cr supplementary demands; Rs 20,552 cr for farm loan waiver
    'Minimal space' for new programmes, says CM Vijay-led TN govt
    Lok Sabha adjourned sine die
    Telangana’s fiscal deficit stands at Rs 77,000 cr till Feb, 143 per cent of budget estimate
    THE FINANCE BILL, 2026 AS PASSED BY LOK SABHA ON 25.03.2026
    Several 'facilitative' steps taken in Budget for middle class: Sitharaman
    Lok Sabha passes Finance Bill 2026 with 32 govt amendments
    Delhi CM Rekha Gupta presents Rs 1.037 lakh cr budget; Rs 22,236 crore for 'green initiatives'
    Himachal CM Sukhu presents Rs 54,928-cr budget for FY27 with thrust on rural economy
    Himachal CM Sukhu presents Rs 54,928-cr budget for FY27 with thrust on rural economy
    Tripura CM declares 5 pc DA hike for govt employees
    Economic Stabilization Fund to help deal with unanticipated crisis: Sitharaman
    Lok Sabha approves supplementary demands for grants for additional Rs 2.01 lakh cr spending in FY26
    Economic Stabilisation Fund to help govt respond to global challenges: Sitharaman
    Economic Stabilisation Fund shows Modi govt's farsightedness: Jagdambika Pal
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    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    July 10, 2026
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    Poor fiscal management and legislative neglect draw opposition criticism over Maharashtra's budget, infrastructure, education, and power-sector concerns.
    Opposition parties criticised the Maharashtra government for poor fiscal management, limited legislative discussion, and reliance on supplementary demands that they said exposed flaws in the original budget. They also alleged governance failures in infrastructure, education, temple administration, examinations, and the power sector, including issues linked to the Mumbai-Pune Expressway's Missing Link project, unpaid contractor dues, and schools lacking basic facilities.
    July 1, 2026
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    Subject committee scrutiny of finance bills sparks assembly boycott over liquor tax policy changes.
    Opposition members in the Kerala Assembly objected to the government moving the Finance Bill directly before the House without first referring it to the Subject Committee. The dispute concerned proposed changes to liquor-related tax policy, including amendments to the Kerala GST framework and a substantial reduction in taxes on certain liquor products. The Chief Minister said all legal and procedural requirements had been followed and that there was no legal basis for the objection, after which the Speaker rejected the point of order and the Opposition boycotted the proceedings.
    June 29, 2026
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    Farm loan waiver rollout begins with mandatory Agristack Farmer ID and assured coverage for eligible cultivators.
    Farm loan waiver benefits under the Maharashtra government's Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana are scheduled to begin disbursement from July 5, after the scheme's financial allocation is completed through supplementary demands and receives the required approval. The scheme provides loan waiver relief up to the prescribed ceiling, with the government assuring that no eligible agriculturist will be excluded from the benefit. The Agristack Farmer ID remains a mandatory eligibility requirement.
    June 25, 2026
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    Low-alcohol beverage tax reduction triggers political dispute over liquor policy, transparency, and alleged revenue loss.
    A political dispute arose over a budget proposal to reduce tax on low-alcohol beverages, with CPI(M) alleging that the proposal did not originate under the previous LDF government and that the earlier liquor policy only classified alcoholic beverages without deciding any tax reduction. CPI(M) sought clarification and withdrawal of the contrary statement, and also demanded withdrawal of the budget proposal, alleging that it was intended to benefit an alcohol manufacturing company and could cause revenue loss to the state exchequer.
    June 22, 2026
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    Supplementary budget demands expand funding for farm loan waiver, welfare schemes, utilities and infrastructure.
    Supplementary demands were tabled for the Maharashtra government, covering additional spending across unavoidable expenditure, programme-related spending and centrally supported schemes, with the net burden reduced after adjustments and recoveries. The largest proposed outlay was for the farm loan waiver scheme, alongside provisions for interest-free loans, electricity sector liabilities, urban development, employment missions, irrigation, welfare pensions, scholarship support and other public programmes.
    June 16, 2026
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    Fiscal space for new programmes remains minimal as Tamil Nadu's White Paper flags higher deficits, borrowing constraints, and understated liabilities.
    Tamil Nadu's White Paper on state finances says there is only minimal fiscal space for new programmes because projected deficits remain high, borrowing is constrained, and committed expenditure is understated. It notes over-projected tax revenue, omitted recurring liabilities, and limited borrowing headroom, leading to a much larger expected revenue deficit and fiscal deficit than budgeted. The paper also highlights worsening debt, interest burden, revenue weakness, and the need for sustained revenue mobilisation, expenditure control, debt management, and clean governance.
    April 18, 2026
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    Budget session ends with passage of key bills, defeat of women's reservation amendment, and adjournment sine die.
    Lok Sabha was adjourned sine die at the close of the Budget session after passage of the Union Budget, Demands for Grants, the Finance Bill 2026-27 and the Appropriation Bill, completing the budgetary exercise in Parliament. Parliamentary business during the session included passage of several bills, reference of one bill to a parliamentary committee, non-takeup of another bill, and defeat of the Constitution (131st Amendment) Bill, 2026 on women's reservation through delimitation.
    April 13, 2026
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    Fiscal deficit reporting shows Telangana's budget gap widening, with receipts and own revenues lagging behind estimates.
    Telangana's fiscal position was reported to show a fiscal deficit of over Rs 77,000 crore at the end of February in the last financial year, exceeding the revised estimate of Rs 56,000 crore and amounting to 143 per cent of the budgeted estimate of Rs 54,000 crore. Total receipts up to February were placed at Rs 2.32 lakh crore against revised estimates of Rs 2.82 lakh crore, while the State's own revenues from tax and non-tax sources stood at Rs 1.39 lakh crore against revised estimates of Rs 2.04 lakh crore.
    March 30, 2026
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    Income-tax rate changes and procedural reforms reshape reassessment, penalties, tax credits, and indirect tax schedules in the finance bill.
    Finance Bill, 2026 gives effect to the Central Government's financial proposals for the financial year 2026-2027 and operates as the Finance Act, 2026 with specified commencement dates. It revises income-tax rates, surcharge structures and health and education cess, and makes extensive amendments to the Income-tax Act, 1961 and the Income-tax Act, 2025 covering reassessment, return filing, assessment timelines, interest, penalty, waiver, immunity, tax credits, deductions, and related procedural rules. The Bill also updates indirect tax provisions, including customs, customs tariff and GST-linked schedule entries, by substituting, inserting and omitting specified rates and classifications.
    March 25, 2026
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    Facilitative tax and customs reform measures in the Finance Bill 2026 aim to ease compliance, support MSMEs, and promote trade.
    The Finance Bill 2026 is described as a set of facilitative tax and customs measures centred on trust-based tax administration, ease of living, MSME support, trade facilitation and customs reform. The measures highlighted include lower tax collected at source on certain foreign remittances and overseas tour packages, customs duty exemption on critical drugs, duty-free import treatment for medicines and personal use articles, permission to file updated income-tax returns after reassessment proceedings begin, and a foreign asset disclosure scheme for small taxpayers. The Bill also seeks to reduce compliance burden and dispute potential through customs rationalisation and facilitation-first enforcement.
    March 25, 2026
    Show AI Summary
    Finance Bill 2026 advances budgetary approval as Lok Sabha passes the measure with government amendments.
    Lok Sabha passed the Finance Bill 2026 with 32 government amendments, completing its role in the Budgetary approval process for 2026-27 and sending the Bill to the Rajya Sabha for further consideration. The Budget framework for 2026-27 provides for substantial expenditure and capital outlay, along with projected gross tax revenue, gross borrowing, and a lower fiscal deficit than the current fiscal year.
    March 24, 2026
    Show AI Summary
    Green budget drives welfare schemes, electric mobility, disaster readiness and sectoral infrastructure spending across Delhi.
    Delhi's FY27 budget sets out a broad fiscal and welfare programme with major allocations for environmental protection, education, health, transport, urban development, social welfare and water supply. It introduces measures such as free diagnostic tests for newborn babies, bicycles for girl students, free LPG cylinders for ration card-holding families on Holi and Diwali, the Mahila Samriddhi Yojna, electric auto-rickshaw permits for women and transgender persons, and expanded Ayushman Bharat Health coverage. It also provides for electric buses, a semiconductor policy, disaster management infrastructure, firefighting upgrades and water and sewage projects.
    March 22, 2026
    Show AI Summary
    Rural economy support and targeted welfare measures shape the Himachal Budget, with higher support prices and fiscal restraint steps.
    The Budget for 2026-27 emphasised rural economy support, welfare-linked subsidies, and sector-specific price interventions. It proposed free electricity for identified poor families, monthly assistance for eligible women, housing support for poor households, higher support prices for crops, milk and fish, and reduced royalty on fish caught from reservoirs. The Budget also provided for forest-based livelihood measures, plantation-linked employment, eco-tourism development, and targeted support for shepherd communities, alongside temporary salary deferral measures to address fiscal stress.
    March 21, 2026
    Show AI Summary
    Discontinuation of Revenue Deficit Grant increases fiscal pressure; state enacts salary deferments and targeted welfare measures in budget.
    The budget responds to discontinuation of the Revenue Deficit Grant by reducing overall expenditure and imposing temporary salary deferments for listed officeholders and senior officials for six months, while allocating funds to complete pending works. It shifts subsidies to targeted welfare-free electricity for identified low income households, monthly cash transfers to eligible women, housing for selected poor families-and specifies sectoral measures including increased procurement prices for milk, a minimum support price for fish with reduced royalty, formation of a Kisan Aayog and a Women's Tourism Fund, and allocations for eco tourism and forest plantation.
    March 16, 2026
    Show AI Summary
    Dearness allowance increase raises state allowance level effective April for government employees and pensioners with fiscal implications.
    Tripura raised state dearness allowance to 41 per cent for government employees and pensioners, effective April 1, covering 1,02,563 regular employees and 81,019 pensioners, with an estimated additional recurring annual cost of about Rs 500 crore; the move aims to narrow the gap with central DA levels and was announced by the Chief Minister immediately after the finance minister's budget speech.
    March 13, 2026
    Show AI Summary
    Economic Stabilization Fund to provide fiscal headroom for unanticipated crises and preserve the year's fiscal deficit within revised estimates.
    The government proposes an Economic Stabilization Fund established via inter-account transfers in the second batch of supplementary demands for grants to create fiscal headroom for unanticipated crises and supply-chain disruptions; the fund is to be financed by a mix of net cash outgo and savings, and the additional expenditure is stated not to alter the fiscal deficit relative to the Revised Estimates.
    March 13, 2026
    Show AI Summary
    Supplementary demands approval permits additional government expenditure while keeping the fiscal deficit within revised estimates.
    Passage of the second batch of supplementary demands for grants authorises additional net cash expenditure for the current fiscal year by increasing gross authorised outlays while offsetting part of that increase through estimated additional receipts, yielding a stated net additional cash requirement. The government states the additional authorised spending will be managed within the fiscal deficit projected in the Revised Estimates and does not raise total expenditure above the original Budget Estimates.
    March 13, 2026
    Show AI Summary
    Economic Stabilisation Fund created to provide fiscal headroom and buffer for global shocks; supplementary spending approved.
    An Economic Stabilisation Fund of one lakh crore is proposed as a contingency buffer to provide fiscal headroom and absorb unforeseen global shocks; its allocation is included in the second batch of supplementary demands for grants alongside additional spending on fertiliser subsidies, PMGKAY, defence and other heads. The Finance Minister affirmed that the fiscal deficit for 2025-26 will remain within the Revised Estimates and that the supplementary does not increase total expenditure beyond the Budget Estimates.
    March 12, 2026
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    Economic Stabilisation Fund seeks parliamentary approval as a fiscal reserve to shield the economy against future shocks.
    The government has tabled a second batch of Supplementary Demands for Grants for 2025-26 requesting parliamentary approval to create an Economic Stabilisation Fund as a reserve for future shocks and to provide additional allocations for fertiliser and food subsidies and defence expenditure, with debate reflecting both support for fiscal preparedness and objections on transparency and social impact.

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      Delhi CM Rekha Gupta presents Rs 1.037 lakh cr budget; Rs 22,236 crore for 'green initiatives'

      March 24, 2026

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      New Delhi, Mar 24 (PTI) Delhi Chief Minister Rekha Gupta on Tuesday presented a Rs 1.037 lakh crore budget for FY27, announcing several welfare schemes, including free diagnostic tests for newborn babies, free bicycles to 1.3 lakh girl students and laptops for meritorious students, and a new semiconductor policy, besides an 'emergency operation centre' for disaster management.

      Presenting the budget for the second time in the Delhi Assembly, Gupta, who also holds the finance portfolio, called it a "Green Budget", pointing out that 21 per cent of the total appropriations are allocated to environmental protection initiatives.

      For the next financial year, the government has earmarked Rs 260 crore to provide a free LPG cylinder each on Holi and Diwali to ration card-holding families --- a pre-poll promise of the BJP. The chief minister announced Rs 1,352 crore for developing dust-free roads, including end-to-end recarpeting of 750 km of roads across the city.

      In her 116-minute speech, the chief minister highlighted several measures taken by the BJP government in the last year.

      She said that the national capital has been progressing rapidly under a triple-engine government, highlighting that the city's per capita income is the third-highest in the country.

      The government has earmarked Rs 19,326 crore for the education sector -- 18 per cent share of the total budget, followed by the health sector (Rs 13,034 crore), transport (Rs 12,613 crore), urban development (Rs 11,572 crore), social welfare (Rs 10,537 crore) and water supply (Rs 9,000 crore).

      The chief minister also announced a slew of measures for women and assured that 'Mahila Samriddhi Yojna', a pre-poll promise of the ruling BJP, will soon be implemented with an outlay of Rs 5,110 crore.

      Under the scheme, eligible women will be given Rs 2,500 per month, the chief minister said, adding that a portal for registration will be launched soon. The government will also set up 'Rani Haat' for women to link their skills with markets.

      The Delhi government will provide 1,100 electric auto-rickshaw permits to women and transgender persons under a scheme aimed at promoting self-reliance, Gupta announced.

      Meanwhile, Opposition AAP MLAs boycotted the budget presentation over suspension of four party legislators, prompting Speaker Vijender Gupta to criticise their decision.

      The chief minister said her government will set up an 'Emergency Operation Centre' to deal with any disaster.

      The budget estimates tax revenue of Rs 74,000 crore, while an allocation of Rs 11,666 crore has been made for the Municipal Corporation of Delhi (MCD).

      Pointing out the problem faced by girls in commuting to schools, Gupta announced an allocation of Rs 90 crore in the budget for gifting bicycles to 1.30 lakh Class IX girl students of Delhi government schools.

      During her budget speech, the chief minister also turned poetic as she said --- "Delhi ki raho me phirse ujala chhane laga hai...mehnat ka har deep ab jagmagane lga hai...nai umeedo ke sang kadam badaye hai...har adhure sapne ko phirse hum sajaye hai".

      Highlighting the benefits of the Ayushman Bharat Health scheme, she announced that it will also cover transgender individuals and announced Rs 202 crore for the scheme.

      She said the government was motivated to treat healthcare as "Upchar" (treatment), not as "Upkar" (favour), and earmarked Rs 12,645 crore for various projects and initiatives.

      The government will open 750 new Ayushman Arogya Mandir and has allocated Rs 1,500 crore for it.

      Gupta announced a new scheme ANMOL (Advanced Newborn Monitoring and Optimal Lifecare) for 56 free diagnostic tests of newborn babies in the city.

      A huge allocation of Rs 19,148 crore was made for the education sector in the budget, including Rs 475 crore for construction and extension of school buildings.

      She also said the Delhi government will open a Sainik School and demanded that the Centre set up 10 Kendriya Vidyalayas in the national capital.

      The chief minister announced the conversion of Delhi's entire public transport bus fleet to electric buses by 2029, allocating Rs 8,374 crore for the transport sector.

      She also announced that the Delhi government will introduce a semiconductor policy and develop infrastructure to support the industry's growth in the city.

      In the infrastructure sector, Rs 5,921 crore has been earmarked for the public works department (PWD), while urban development and shelter projects have been allocated Rs 7,887 crore.

      "Our aim is safe roads, climate corridors and flawless connectivity," Gupta said.

      The government allocated Rs 3,942 crore for the power department, she said, adding that the government is also working on shifting overhead electricity wires underground with an outlay of Rs 200 crore for this purpose.

      The chief minister announced Rs 300 crore for the development of the trans-Yamuna area of the city, while the Delhi Gram Vikas Board has been allocated Rs 787 crore.

      The city government will also build an integrated secretariat and residential complex for employees, the CM said in her budget speech.

      Citing the Palam fire incident, Gupta said narrow lanes and congested unauthorised colonies make it difficult to douse fires, adding that Delhi's firefighting infrastructure will be strengthened with an allocation of Rs 674 crore.

      To tackle water-related issues, Gupta said new water pipeline projects are underway and Rs 9,000 crore has been allocated to the Delhi Jal Board for water and sewage management. PTI VIT SSM SHB AHD VBH SGV MSJ BUN BUN MR

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