https://www.taxtmi.com/news?id=69442 The Union Budget 2026-27 proposes a High Level Committee on Banking for Viksit Bharat to realign the financial sector, restructures Power Finance Corporation and Rural Electrification Corporation for scale and efficiency, introduces a market making framework with access to funds and derivatives on corporate bond indices and total return swaps, offers a Rs.100 crore incentive for single municipal bond issuances over Rs.1000 crore, and permits Individual Persons Resident Outside India to invest in listed equity under the Portfolio Investment Scheme with individual and aggregate limits increased to 10% and 24% respectively. en-us Sun, 01 Feb 2026 14:22:39 +0530 Sun, 01 Feb 2026 14:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69442 The Union Budget 2026-27 proposes a High Level Committee on Banking for Viksit Bharat to realign the financial sector, restructures Power Finance Corporation and Rural Electrification Corporation for scale and efficiency, introduces a market making framework with access to funds and derivatives on corporate bond indices and total return swaps, offers a Rs.100 crore incentive for single municipal bond issuances over Rs.1000 crore, and permits Individual Persons Resident Outside India to invest in listed equity under the Portfolio Investment Scheme with individual and aggregate limits increased to 10% and 24% respectively. News - Sun, 01 Feb 2026 14:22:39 +0530 https://www.taxtmi.com/news?id=69442