Archive

Customs Duty Reforms in Union Budget 2026–27: Understanding Basic Customs Duty (BCD)

Current Affairs 03-Feb-2026

The Union Budget 2026–27 has proposed a complete exemption from Basic Customs Duty (BCD) on 17 cancer-related drugs and medicines, providing immediate financial relief to patients suffering from cancer and rare diseases and signalling a policy shift towards healthcare affordability.

Capital Market Tax Changes: Understanding Securities Transaction Tax (STT)

Current Affairs 03-Feb-2026

The Finance Minister has proposed a sharp increase—by up to 150%—in the Securities Transaction Tax (STT) on both futures and options (F&O) trading. This move is aimed at curbing excessive speculation, improving market stability, and boosting government revenues from capital market activity.

Bharat-VISTAAR: AI-Powered Digital Backbone for Smart Agriculture

Current Affairs 03-Feb-2026

The Union Finance Minister has proposed the launch of Bharat-VISTAAR, a new digital tool for the agriculture sector, aimed at transforming farm advisory services through artificial intelligence (AI) and integrated data systems.