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Archive: February, 2026

Posts in February, 2026

Own Merit” Promotions Of SC/ST Officials In CBDT

February 10, 2026 549 Views 0 comment Print

The Government stated that representations on own merit promotions are examined regularly as per existing rules, with no separate confirmation of backlog figures.

GST Registration Threshold Limit

February 10, 2026 2250 Views 0 comment Print

The Government informed Parliament that GST thresholds remain as revised in 2019. Any further increase depends on a fresh recommendation from the GST Council, which has not been made.

Banks’ Minimum Balance Charges Governed by Policy, Not New Caps

February 10, 2026 381 Views 0 comment Print

The Government clarified that service charges are set under board-approved policies and RBI oversight, requiring transparency and reasonableness. No new caps are proposed, with reliance on supervision and prescribed free limits.

Printed Educational and Medical Books Already Exempt From GST: Government

February 10, 2026 903 Views 0 comment Print

The Government clarified that printed books, including educational and medical books, are fully exempt from GST, eliminating concerns of added financial burden.

No Compensation Planned for States After Recent GST Rate Restructuring

February 10, 2026 240 Views 0 comment Print

The Government informed Parliament that no proposal is under consideration to compensate States for revenue impacts from recent GST changes. Fiscal discipline continues to be governed through existing borrowing limits and FRBM frameworks.

Salaried Taxpayers Get Zero Tax up to ₹12.75 Lakh

February 10, 2026 855 Views 0 comment Print

The Government confirms a higher rebate under the new tax regime, ensuring no tax up to ₹12 lakh and outlining revised slabs effective from AY 2026–27.

No New Digital Search Powers Under Section 247 of New Income Tax Act 2025

February 10, 2026 1866 Views 0 comment Print

The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, as existing law already allowed similar access.

Government Rejects Claims of Excessive Multi-Layered Tax Burden

February 10, 2026 336 Views 0 comment Print

The Government told Parliament that India’s tax-to-GDP ratio remains relatively low among peer economies. It denied that current tax policies exploit the middle class or require urgent overhaul to prevent taxpayer flight.

Gross NPAs Fall to Historic Low as Reforms Deliver Results

February 10, 2026 405 Views 0 comment Print

India’s banks record a sharp decline in bad loans, with gross NPAs at 2.15% by September 2025, highlighting the impact of sustained regulatory and policy reforms.

CCI registered 54 Antitrust Cases, 149 M&A Filings in 2025

February 10, 2026 354 Views 0 comment Print

Enforcement activity rose with steady antitrust actions and quicker merger disposals, aided by reduced timelines and streamlined procedures.

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