Business Standard

The government's combined mop-up from disinvestment and asset monetisation stood at Rs 45,306 crore in FY26, exceeding the Revised Estimates, Minister of State for Finance Pankaj Chaudhary said on Monday. The government had pegged Miscellaneous Capital Receipts, which includes PSU disinvestment and public asset monetisation, at Rs 33,837 crore in the Revised Estimates (RE) for 2025-26. Government of India realised an amount of Rs 45,306.05 crore in FY 2025-26, which included Rs 16,885.56 crore f

The Income Tax department is currently in the process of framing rules to implement the 2026-27 Budget provision that allows taxpayers to electronically apply for lower or nil TDS certificates electronically, Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary said Section 395(1) of the Income-tax Act, 2025 provides for the issuance of certificates for deduction of tax at source at Nil or lower rates. Vide Finance Act, 2026, to ease the compliance burden of small ta