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11 updates · All India · Budget & spending

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Latest23 October 2026, yesterday

Announcements & other updates

Maritime NBFC SMFCL aims for Rs 60,205 crore in disbursements by 2031

The Ministry of Ports, Shipping and Waterways announced on 23 October 2026 that the Sagarmala Finance Corporation Limited (SMFCL), India's first dedicated maritime Non Banking Financial Company, has opened its corporate office in New Delhi. SMFCL provides long-term financing for port-led development, shipbuilding, and coastal infrastructure, having already disbursed Rs 5,107 crore as of 30 September 2026.

Read the explainer Press release 2327664Official release from pib.gov.in ↗

Source details

Issued by: Ministry of Ports, Shipping and Waterways
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 23 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
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October 20268 items

Budget & spending 23 Oct

Announcements & other updates

Finance Minister chairs 30th FSDC meeting to review India's financial stability

The Ministry of Finance announced on 23 October 2026 that Union Minister Smt. Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC). The Council discussed measures to protect the financial sector from cyber threats, promote Fintech innovation, and manage risks from global economic uncertainties and AI.

Who it affects: Indian financial sector
When · Where: On 23 October 2026: 30th Meeting of the Financial Stability and Development Council (FSDC) · Across India

Press release 2327596Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Ministry of Finance
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 23 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
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Budget & spending 23 Oct

Announcements & other updates

CBIC holds meeting in Mumbai to discuss GST reforms and ease of doing business

The Ministry of Finance announced on 23 October 2026 that the Central Board of Indirect Taxes and Customs (CBIC) held a trade interaction meeting in Mumbai. The event, attended by about 150 representatives from Maharashtra's trade associations and taxpayers, focused on recommendations from the 57th GST Council meeting.

Who it affects: taxpayers
When · Where: On 8 October 2026: 57th GST Council meeting (+1 more) · Across Maharashtra

Press release 2327327Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Ministry of Finance
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 23 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
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Budget & spending 22 Oct

Announcements & other updates

Government pushes for Panchayat-led management of rural water supply systems

The Department of Drinking Water and Sanitation, Ministry of Jal Shakti, announced on 22 October 2026 that it held a virtual conference to align Jal Jeevan Mission (JJM) 2.0 with 16th Finance Commission grants. The initiative aims to shift focus from building new infrastructure to maintaining existing systems through Gram Panchayat-led planning and sustainable financing.

Who it affects: rural households
When · Where: On 1 September 2026: Departmental Summit on Water 2026 (+1 more) · Several states

Press release 2326649Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 22 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
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Budget & spending 16 Oct

Announcements & other updates

CBIC discusses GST procedural reforms and compliance measures in Nagpur

The Central Board of Indirect Taxes and Customs (CBIC) held a stakeholder outreach programme in Nagpur on 16 October 2026 to discuss GST procedural reforms recommended by the 57th GST Council meeting. The session focused on simplifying compliance through measures such as automated system-based refunds and the proposed withdrawal of arrest-related provisions.

Who it affects: taxpayers and transport vehicles
When · Where: On 16 October 2026: stakeholder outreach programme in Nagpur · originating State and the destination State

Press release 2324549Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Central Board of Indirect Taxes and Customs (CBIC)
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 16 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
Our check: Drafted from the release text and checked by software. Not yet reviewed by a person.

Transport & roads 14 Oct

Announcements & other updates

Cabinet approves 78-day productivity bonus for 11.4 lakh railway employees

The Union Cabinet announced on 14 October 2026 the approval of a Productivity Linked Bonus (PLB) for railway employees. A total of Rs 2009.61 crore will be paid to approximately 11.40 lakh non-gazetted staff, equivalent to 78 days of wages.

Who it affects: non-gazetted Railway employees
When · Where: Not stated in the document · Across India

Press release 2323268Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Ministry of Railways
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 14 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
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Budget & spending 14 Oct

Announcements & other updates

Cabinet extends National Social Assistance Programme with Rs 53,428 crore budget

The Union Cabinet announced on 14 October 2026 the continuation of the National Social Assistance Programme (NSAP), now renamed Pradhan Mantri Samajik Sahayata Yojana, for five years from 2026-27 to 2030-31. With a total budget of Rs 53,428 crore, the program will support 3.20 crore beneficiaries across 36 States and Union Territories.

Who it affects: beneficiaries; persons with disabilities
When · Where: Within three months: issuance and implementation of guidelines for divyangjan pension (+2 more) · all the 36 States/UTs

Press release 2323264Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Department of Rural Development
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 14 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
Our check: Drafted from the release text and checked by software. Not yet reviewed by a person.

Transport & roads 14 Oct

Announcements & other updates

Cabinet approves 78-day productivity bonus for 11.4 lakh railway employees

The Union Cabinet announced on 14 October 2026 the approval of a Productivity Linked Bonus (PLB) for 11,40,770 non-gazetted railway employees. The government will spend Rs 2,009.61 crore to provide a bonus equivalent to 78 days' wages, with a maximum payment of Rs 17,951 per eligible employee.

Who it affects: non-gazetted Railway employees including Track maintainers, Loco Pilots, Train Managers (Guards), Station Masters, Supervisors, Technicians, Technician Helpers, Pointsman, Ministerial staff and other Group 'C staff
When · Where: Not stated in the document · Across India

Press release 2323256Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Cabinet
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 14 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
Our check: Drafted from the release text and checked by software. Not yet reviewed by a person.

Budget & spending 9 Oct

Announcements & other updates

Government releases draft guidelines for State GDP expenditure estimates

The Ministry of Statistics & Programme Implementation announced on 9 October 2026 the release of draft guidelines for calculating Gross State Domestic Product (GSDP) using the expenditure approach with a 2022-23 base year. These guidelines provide a standardized framework for States and Union Territories to estimate economic activity, specifically introducing methods for Private Final Consumption Expenditure, which no State currently compiles.

Who it affects: States and Union Territories
When · Where: By 28 October 2026: feedback from stakeholders on the draft guideline · Across India

Press release 2321373Official release from pib.gov.in ↗ Explainer

Source details

Issued by: Ministry of Statistics & Programme Implementation
Published on: Press Information Bureau, pib.gov.in (Press releases)
File hosted on: www.pib.gov.in, the government's file server for pib.gov.in
Dated: 9 October 2026
The link opens: The original press release on the government website, in a new tab, unchanged.
Our check: Drafted from the release text and checked by software. Not yet reviewed by a person.

August 20262 items

Budget & spending 21 Aug

Announcements & other updates

Approval of ₹12.98 lacs for development works in Budgam

The District Development Commissioner of Budgam has granted administrative approval for several development projects under the District Capex Budget 2026-27. The total approved amount is ₹12.98 lacs, to be implemented by the Rural Development Department and the Assistant Commissioner Panchayat Budgam.

Who it affects: Rural Development Department/Assistant Commissioner Panchayat Budgam
When · Where: Not stated in the document · Budgam

ORDER 509 DDCB of 2026Official PDF from budgam.nic.in ↗ Explainer

Source details

Issued by: District Magistrate, Budgam
Published on: District Magistrate, Budgam, budgam.nic.in (District orders)
File hosted on: cdn.s3waas.gov.in, the government's file server for budgam.nic.in
Dated: 21 August 2026
The link opens: The original PDF on the government website, in a new tab, unchanged.
Our check: Drafted from extracted PDF text and checked by software; long documents may be read only in part. Not yet reviewed by a person.

Budget & spending 21 Aug

Announcements & other updates

Approval for three construction works in Budgam totaling 7.00 lacs

These works, totaling 7.00 lacs, will be carried out by the Rural Development Department or the Assistant Commissioner Development Budgam. The projects include lane construction and culvert construction in the Beerwah and Parnewa blocks.

Who it affects: Rural Development Department/Assistant Commissioner Development Budgam
When · Where: Not stated in the document · Budgam

ORDER [illegible] DDCB of 2026Official PDF from budgam.nic.in ↗ Explainer

Source details

Issued by: District Magistrate, Budgam
Published on: District Magistrate, Budgam, budgam.nic.in (District orders)
File hosted on: cdn.s3waas.gov.in, the government's file server for budgam.nic.in
Dated: 21 August 2026
The link opens: The original PDF on the government website, in a new tab, unchanged.
Our check: Drafted from extracted PDF text and checked by software; long documents may be read only in part. Not yet reviewed by a person.

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October 20268 items

August 20262 items