India caps spending for schemes pending 16th Finance Commission approval
→Ministries must keep pending schemes within first-half allocations
Economy
57 briefs
India’s RBI cancels Paytm Payments Bank licence and orders winding up
→Paytm Payments Bank must cease all banking operations immediately
US Department of Commerce imposes 123.04% anti-dumping duty on Indian solar imports
→Export-sales teams must price US deliveries with a 123.04% duty layer
Bangladesh raises retail fuel prices by up to 15%
→Transport operators face higher fuel costs immediately
Karnataka imposes lifetime road tax on electric vehicles
→EV buyers must pay 5–10% upfront road tax
Colombia raises benchmark interest rate to 11.25%
→Borrowing costs increase immediately
UK increases business rates with surcharge on high-value properties
→Large property owners face higher annual tax bills
UK removes two-child benefit cap
→Benefit payments expand to larger families
UK mandates sick pay from first day of illness
→Immediate entitlement expands coverage
UK applies inheritance tax to farms and family businesses above £2.5m
→Reduced tax relief increases estate liabilities
UK mandates day-one statutory sick pay
→Employers must pay sick wages from first day of illness
UK enacts day-one sick pay and parental leave rights
→Employers must apply new employment entitlements immediately