Policy Pulse № 43
Citizen's Corner States Method हिन्दी
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Heating up High confidence

Money, markets & tax

Income tax, GST, RBI, SEBI, insurance, pensions and the fine print that hits your wallet.

Reaches 💼 Jobs & income 2💰 Your money 10🎓 Education & exams 1⚖️ Rights & safety 2🏭 Running a business 7
+66% vs prior 6 mo
50actions in 18 months
3ministries recently
6/10recent actions confirmed

Why is this heating up?

Over the last 3 months, government activity on this topic averaged 5.1 weighted points a month — +66% compared with the 6 months before that (3.1/month). 3 different ministries acted on it recently.

Apr
May
Jun
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Aug
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Bars = evidence-weighted activity per month. Highlighted bars are the recent window that drives the label.

Signal interpretation. Activity rose because 3 different ministries or bodies (Education, Finance, Macroeconomic Development) acted on separate parts of this topic within 2026-07–2026-09.

  1. ~23 Jul Rules notified SEBI wants to rewrite the rules for people who manage rich clients' money. ✓
  2. ~24 Jul Committee report Parliament's finance committee has reviewed the Bill that would merge SEBI's rulebooks. ✓
  3. ~31 Jul Rules notified The 2025 insurance overhaul is now live in the fine print.
  4. Jul 2026 Rules notified A new credit guarantee fund is live for small borrowers.
For you
  • Gig workerIf you file as a freelancer, look for changes to presumptive taxation or TDS on payouts.
  • Founder / small businessAmendments to tax procedure usually mean new compliance dates — check with your CA.
  • SalariedCheck whether any filing timelines, TDS provisions or deductions you use were touched.
  • Founder / small businessFintechs building PMS products: read the consultation paper.
  • SalariedOnly matters if you use a portfolio manager (₹50 lakh+ minimum); mutual fund investors unaffected.
  • Gig workerSelf-employed: easier small-ticket credit.
  • Founder / small businessCollateral-free loans with government backing — check eligibility.

Nothing specific for this persona in the recent actions.

What this does not mean
  • Activity is not importance. A topic with three high-stakes actions can matter more than one with ten routine ones.

What would make this signal fade: If the next monthly review records no further action on these instruments, the label returns to Steady — the rise rests on 10 actions.

Why confidence is High
  • 50 tagged actions across 18 months
  • 10 in the last 3 months, spread over 3 month(s)
  • 3 ministries active recently
  • 6 of 10 recent actions independently reported (News On AIR, The Hindu, India Today, Indian Express)

Connected topics: Business & startups

Local AI policy notes

No current, approved local-model note. Drafts require source review before publication. This is separate from Citizen's Corner; no public opinions are inferred from policy records.

Evidence, month by month

Every action PRS recorded on this topic, newest month first. Open a month to read what changed.

Sep 2026 · 4 actions
Aug 2026 · 2 actions
  • Update ×1.0Macroeconomic Development💰🎓🏭
    Repo rate on hold at 5.25% — your EMI isn't moving this quarter.RBI maintains repo rate at 5.25%

    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to maintain the policy repo rate (the rate at which RBI lends money to banks) at 5.25%.

    • StudentEducation loan rates linked to the repo stay flat.
    • Founder / small businessWorking-capital borrowing costs unchanged.
    • SalariedHome and car loan EMIs stay where they are; no rate cut to wait for right now.
    PRS review
  • Law passed ×3.0Finance💼💰🏭
    A tax-law amendment just passed. Which of your deductions or deadlines changed?Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026

    Parliament passed the Taxation and Other Laws (Amendment) Bill, 2026. The Bill was introduced in Lok Sabha on August 4, 2026.

    • Gig workerIf you file as a freelancer, look for changes to presumptive taxation or TDS on payouts.
    • Founder / small businessAmendments to tax procedure usually mean new compliance dates — check with your CA.
    • SalariedCheck whether any filing timelines, TDS provisions or deductions you use were touched.
    PRS review · source 1
Jul 2026 · 4 actions
  • Rules notified ×2.0Finance✓ Independently confirmed💰🏭
    SEBI wants to rewrite the rules for people who manage rich clients' money.SEBI invites comments on amendments to portfolio managers Regulations

    SEBI released a consultation paper on review of the SEBI (Portfolio Managers) Regulations, 2020 for public feedback.

    • Founder / small businessFintechs building PMS products: read the consultation paper.
    • SalariedOnly matters if you use a portfolio manager (₹50 lakh+ minimum); mutual fund investors unaffected.
    PRS review Also reported by: Reuters, Mint, Moneycontrol, Indian Express
  • Rules notified ×2.0Education💼💰🏭
    A new credit guarantee fund is live for small borrowers.Credit Guarantee Fund Scheme notified

    The Ministry of Skill Development and Entrepreneurship has notified the Credit Guarantee Fund Scheme for Skill Development.

    • Gig workerSelf-employed: easier small-ticket credit.
    • Founder / small businessCollateral-free loans with government backing — check eligibility.
    PRS review
  • Rules notified ×2.0Finance💰🏭
    The 2025 insurance overhaul is now live in the fine print.IRDAI notifies Regulations to give effect to 2025 Amendments to Insurance Laws

    The Insurance Regulatory and Development Authority of India (IRDAI) notified Regulations on various subjects.

    • Founder / small businessInsurtech founders: entry, capital and shareholding rules just got detailed.
    • SalariedNew regulations on who can own insurers and how they merge — long-run effect on choice and pricing.
    PRS review Also reported by: India Today
  • Committee report ×1.2Finance✓ Independently confirmed💰⚖️🏭
    Parliament's finance committee has reviewed the Bill that would merge SEBI's rulebooks.Standing Committee on Finance submits report on the Securities Markets Code, 2025

    The Standing Committee on Finance (Chair: Mr Bhartruhari Mahtab) presented its report on the Securities Markets Code, 2025.

    • Founder / small businessStartups planning to list: the Code changes disclosure and offering rules.
    • SalariedIf you invest in stocks or mutual funds, this is the law that will govern the market for decades.
    PRS review · source 1 · source 2 Also reported by: ANI, Times Now
Jun 2026 · 4 actions
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰🎓
    Repo rate stays at 5.25% — no change to your loan costs.Repo rate unchanged at 5.25%

    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to maintain the policy repo rate (the rate at which RBI lends money to banks) at 5.25%.

    • StudentEducation loan rates steady.
    • SalariedEMIs unchanged; fixed-deposit rates unlikely to rise either.
    PRS review Also reported by: News On AIR, Indian Express, The Hindu, NDTV
  • Rules notified ×2.0Finance✓ Independently confirmed💰🏭
    Foreign funds get a tax exemption on Indian government bonds — by ordinance.Ordinance issued to exempt FIIs and BIS from tax on income from government securities

    The President issued the Income-tax (Amendment) Ordinance, 2026 on June 5, 2026.

    • Founder / small businessTreasury teams: bond yields and FII flows.
    • SalariedMore foreign demand for G-secs can lower borrowing costs over time.
    PRS review Also reported by: New Indian Express, Economic Times, SCC Online, The Hindu
  • Update ×1.0Finance💼💰⚖️🏭
    RBI tightens how banks are allowed to sell you products.RBI amends directions on responsible business conduct

    RBI issued amendments to the directions on responsible business conduct and undertaking of financial services.

    • Gig workerApplies to how lenders market credit to you too.
    • SalariedRules on mis-selling and bundling — relevant if a bank pushed you into insurance with your loan.
    PRS review
  • Update ×1.0Finance✓ Independently confirmed💰🎓
    SEBI is reviewing margin trading — borrowing to buy stocks.SEBI invites comments on amendments to the margin trading facility framework

    The Securities and Exchange Board of India (SEBI) released a consultation paper reviewing the margin trading facility (MTF) framework.

    • StudentYoung traders using leverage: this is about you.
    • SalariedIf you use MTF on your broker app, eligibility and limits may change.
    PRS review Also reported by: Economic Times, BusinessLine, CNBC-TV18, Mint
May 2026 · 2 actions
  • Update ×1.0Finance✓ Independently confirmed💼💰🎓
    RBI wants to rein in loan recovery agents.RBI invites comments on directions on conduct of loan recovery agents

    The Reserve Bank of India (RBI) invited comments on the draft amendments to the directions on ‘Conduct of Regulated Entities in Recovery of Loan and Engagement of Recovery Agents’.

    • StudentStudent loan borrowers included.
    • Gig workerIf you've taken app-based loans, this sets limits on calls, timing and harassment by recovery agents.
    • SalariedApplies to all retail loans — know your rights when an agent calls.
    PRS review Also reported by: Economic Times, Mint, BusinessLine, Medianama
  • Open for comment ×1.5Finance✓ Independently confirmed💰🎓🏭
    Can someone else pay for your mutual fund? SEBI is loosening a rule.SEBI releases draft circular on enabling third party payments in Mutual Funds

    The Securities and Exchange Board of India (SEBI) released a draft circular to permit third party payments in mutual funds in certain scenarios.

    • StudentRelevant if a family member funds your investments.
    • SalariedParents or spouses paying for your SIP may become allowed in specific cases.
    PRS review Also reported by: Economic Times, Moneycontrol, Business Standard, ThePrint
Apr 2026 · 2 actions
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰🏭
    Repo rate unchanged at 5.25%.RBI maintains repo rate at 5.25%

    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to maintain the policy repo rate (the rate at which RBI lends money to banks for short-term needs) at 5.25%.

    • Founder / small businessBorrowing costs steady.
    • SalariedNo EMI change; deposit rates flat.
    PRS review Also reported by: DD News, News On AIR, NDTV, Economic Times
  • Open for comment ×1.5Finance💼💰🏭
    New draft rules for wallets and prepaid cards — Paytm, PhonePe wallets, gift cards.RBI issues draft Master Direction on Prepaid Payment Instruments (PPIs), 2026

    The Reserve Bank of India (RBI) issued draft Master Directions on Prepaid Payment Instruments (PPIs), 2026.

    • Gig workerIf you get paid into a wallet, KYC and transfer limits matter.
    • Founder / small businessFintechs issuing PPIs: this is your rulebook.
    • SalariedWallet limits, KYC and refund rules may change; comment window was open.
    PRS review Also reported by: Economic Times
Mar 2026 · 2 actions
  • Open for comment ×1.5Finance💰🎓
    SEBI floated several ideas at once — including gift cards for mutual funds.SEBI issues consultation papers on various subjects

    SEBI released consultation papers on various subjects. These include the following: Gift Card/gift prepaid payment instrument (PPI) for Mutual Funds: Currently, banks and non-bank entities are allowed to issue PPIs after approval from RBI.

    • StudentCould make your first investment a birthday gift.
    • SalariedGifting a mutual fund investment may become as easy as a voucher.
    PRS review
  • Open for comment ×1.5Finance✓ Independently confirmed💼💰🎓📱⚖️
    Scammed on UPI? RBI wants banks to refund you — up to ₹50,000, within 5 days.RBI releases draft framework to limit customer liability in digital transactions

    The Reserve Bank of India issued draft amendment directions for review of framework of limiting customer liability in digital transactions.

    • StudentFirst-time bank customers are the most common fraud victims.
    • Gig workerYou take payments by UPI all day — this changes who bears fraud losses.
    • SalariedA compensation mechanism for small-value fraud; once per lifetime, 85% of loss or ₹25,000.
    PRS review Also reported by: ANI, Medianama
Feb 2026 · 3 actions
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰🏭
    Repo rate held at 5.25% after the Budget.RBI maintains repo rate at 5.25%

    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to maintain the policy repo rate (the rate at which RBI lends money to banks for short-term needs) at 5.25%.

    • Founder / small businessBorrowing costs steady.
    • SalariedEMIs unchanged.
    PRS review Also reported by: DD News, The Hindu, ANI, India Today
  • Update ×1.0Finance✓ Independently confirmed💼💰🎓🏭
    Union Budget 2026-27: what changed for your money.Union Budget 2026-27 presented

    The Finance Minister, Ms. Nirmala Sitharaman, presented the 2026-27 Union Budget on February 1, 2026.

    • StudentEducation and skilling allocations, scholarships, loan schemes.
    • Gig workerSocial security and platform-worker provisions, if any.
    • Founder / small businessStartup tax, MSME credit and compliance changes.
    • SalariedTax slabs, deductions, TDS — the one document that resets your take-home.
    PRS review · source 1 Also reported by: investindia.gov.in, PIB
  • Cabinet approval ×1.8Urban Development✓ Independently confirmed💰
    Cabinet approves Urban Challenge Fund

    The Union Cabinet approved the Urban Challenge Fund with total central assistance of one lakh crore rupees for projects between 2025-26 and 2030-31.

    PRS review Also reported by: DD News, The Hindu, ANI, New Indian Express
Jan 2026 · 1 actions
  • Cabinet approval ×1.8Labour and Employment✓ Independently confirmed💼💰🎓
    Atal Pension Yojana extended to 2031.Cabinet approves continuation of Atal Pension Yojana

    The Union Cabinet has approved continuation of the Atal Pension Yojana (APY) till 2030-31.

    • StudentRelevant for family members in informal work.
    • Gig workerThe ₹1,000–₹5,000/month guaranteed pension for informal workers continues — enrol if you haven't.
    PRS review Also reported by: pmindia.gov.in, DD News, Times of India
Dec 2025 · 4 actions
  • Law passed ×3.0Finance✓ Independently confirmed💰🏭
    Insurance law overhaul passed — including foreign ownership changes.The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 passed by Parliament

    The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill was passed by Parliament.

    • Founder / small businessInsurtech entry rules loosened.
    • SalariedMore insurers and products likely over time; watch for pricing and claims changes.
    PRS review · source 1 Also reported by: News On AIR, Times of India
  • Bill introduced ×2.0Finance✓ Independently confirmed💰🏭
    One code to replace SEBI's many laws — introduced in Lok Sabha.The Securities Markets Code, 2025 introduced in Lok Sabha

    The Securities Markets Code, 2025 was introduced in Lok Sabha.

    • Founder / small businessIPO and fundraising rules will be rewritten.
    • SalariedThe future rulebook for your demat account and mutual funds.
    PRS review · source 1 Also reported by: LiveLaw, SCC Online, Bar & Bench
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰🎓🏭
    Repo rate cut to 5.25% — EMIs should ease a little.RBI reduces repo rate to 5.25%

    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to reduce the policy repo rate (the rate at which RBI lends money to banks for short-term needs) from 5.5% to 5.25%.

    • StudentEducation loan rates may fall.
    • Founder / small businessCheaper working capital.
    • SalariedFloating-rate home loans should reprice down; ask your bank when.
    PRS review Also reported by: DD News, News On AIR, The Hindu, NDTV
  • Committee report ×1.2Education💰🎓
    Education loans: Parliament's committee says the schemes need fixing.Standing Committee submits report on schemes for education loans

    The Standing Committee on Education, Women, Children, Youth and Sports (Chair: Mr. Digvijaya Singh) submitted its report on the “Review of Schemes for Education Loan and Financial Accessibility in Higher Education”.

    • StudentInterest subsidy, collateral-free limits and processing delays are all on the table.
    PRS review · source 1 Also reported by: Economic Times
Oct 2025 · 4 actions
  • Rules notified ×2.0Finance✓ Independently confirmed💰🏭
    RBI announced a bundle of banking changes.RBI announces several changes in banking regulations

    RBI announced several measures in relation to the banking sector.

    • Founder / small businessCredit rules for businesses eased in places.
    • SalariedLoan and deposit norms shift; details matter for large borrowers more than savers.
    PRS review Also reported by: The Hindu, Moneycontrol, Economic Times, Mint
  • Open for comment ×1.5Finance✓ Independently confirmed💼💰
    PFRDA wants an NPS with assured returns.PFRDA released consultation paper on enhancing the National Pension System

    The Pension Fund Regulatory and Development Authority (PFRDA) released a consultation paper titled “Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes”.

    • Gig workerFlexible pension products aimed at irregular incomes.
    • SalariedA pension option with predictable payouts could join the market-linked NPS.
    PRS review Also reported by: ANI, Zee Business, Economic Times, Business Standard
  • Rules notified ×2.0Finance✓ Independently confirmed💰🎓🏭
    SEBI is changing mutual fund rules — fees and structure.SEBI invites comments on amendments to mutual fund regulations

    The Securities and Exchange Board of India (SEBI) released a consultation paper on the proposed amendments to the SEBI (Mutual Funds) Regulations, 1996 (MF Regulations).

    • StudentFirst-time investors: cheaper funds if this goes through.
    • SalariedExpense ratios and fund categories may change; check what your SIP pays.
    PRS review Also reported by: News On AIR, The Hindu, SCC Online
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰
    Repo rate held at 5.5%.RBI maintains repo rate at 5.5%

    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted to maintain the policy repo rate (the rate at which RBI lends money to banks for short-term needs) at 5.5%.

    • SalariedEMIs unchanged.
    PRS review Also reported by: DD News, Times of India, NDTV, Moneycontrol
Sep 2025 · 1 actions
  • Scheme / programme ×1.2Finance✓ Independently confirmed💼💰🎓🏭
    GST just got simpler: two main slabs, cheaper essentials.GST Council approves rate rationalisation and measures for ease of compliance

    The GST Council approved rationalisation of GST rates and process reforms aimed at facilitating trade.

    • StudentStationery, food and several daily items cheaper.
    • Gig workerTwo-wheelers and small appliances moved slabs.
    • Founder / small businessFewer slabs means simpler invoicing; check your product's new rate.
    • SalariedEveryday goods and insurance premiums got cheaper; luxury and sin goods pricier.
    PRS review Also reported by: Goodreturns, SCC Online
Aug 2025 · 6 actions
  • Open for comment ×1.5Finance💰🏭
    SEBI floated several changes at once for listed companies.SEBI issues consultation papers on various subjects

    The Securities and Exchange Board of India (SEBI) released consultation papers on amendments proposed to: (i) minimum public offers (MPO) and minimum public shareholding (MPS) requirements under the Securities Contracts (Regulation) Rules…

    • Founder / small businessIPO-bound: MPO/MPS thresholds may change.
    • SalariedMinimum public shareholding rules affect how many shares are available to retail investors.
    PRS review
  • Cabinet approval ×1.8Commerce and Industry✓ Independently confirmed💼💰🏭
    Street vendor loans extended to 2030.Cabinet approves extension of PM-SVANidhi scheme until March 2030

    The Cabinet approved the restructuring and extension of the lending period of the PM SVANidhi Scheme until March 31, 2030.

    • Gig workerPM SVANidhi working-capital loans for vendors continue, with restructuring.
    • Founder / small businessMicro-enterprise credit access.
    PRS review Also reported by: pmindia.gov.in, Times of India, India Today
  • Update ×1.0Finance✓ Independently confirmed💰🎓
    RBI is rethinking how it sets interest rates.RBI releases a discussion paper on monetary policy framework

    The Reserve Bank of India (RBI) released a discussion paper on review of the monetary policy framework.

    • StudentMacro students: the monetary policy framework review.
    • SalariedThe inflation target framework decides your EMI path for years.
    PRS review · source 1 Also reported by: New Indian Express, Indian Express
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰
    Repo rate held at 5.5%.Repo rate kept unchanged at 5.5%

    The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted to maintain the policy repo rate (the rate at which RBI lends money to banks) at 5.5%.

    • SalariedEMIs unchanged.
    PRS review Also reported by: PIB, DD News, The Hindu, Times of India
  • Law passed ×3.0Finance✓ Independently confirmed💰🏭
    A quick tax-law amendment passed alongside the new Income-Tax Act.The Taxation Laws (Amendment) Bill, 2025 passed by Parliament

    The Taxation Laws (Amendment) Bill, 2025 was passed by Parliament. The Bill amends the Income-Tax Act, 1961, and the Finance Act, 2025.

    • Founder / small businessSame.
    • SalariedTransitional provisions; check with your CA at filing time.
    PRS review · source 1 Also reported by: News On AIR, Taxscan, Mint
  • Law passed ×3.0Finance✓ Independently confirmed💼💰📱🏭
    A new Income-Tax Act after 64 years — passed.The Income-Tax (No.2) Bill, 2025 passed by Parliament

    The Income-Tax (No.2) Bill, 2025 was passed by Parliament. It replaces the Income-Tax Act, 1961.

    • Gig workerPresumptive taxation provisions restated.
    • Founder / small businessCompliance forms and timelines will be re-issued under the new Act.
    • SalariedSimpler language, 'tax year' replaces assessment year; rates unchanged for now.
    PRS review · source 1 Also reported by: News On AIR
Jul 2025 · 5 actions
  • Open for comment ×1.5Finance✓ Independently confirmed💰🎓📱
    RBI's draft rules for mobile and internet banking.Comments invited on draft Directions on Digital Banking Channels

    The Reserve Bank of India (RBI) invited comments on the draft directions to regulate banking and non-banking activities by banks related to digital banking, mobile banking, and internet banking channels.

    • StudentDigital-only accounts.
    • SalariedSecurity, consent and liability norms for your banking app.
    PRS review Also reported by: Economic Times, New Indian Express
  • Update ×1.0Finance✓ Independently confirmed💼💰🏭
    Prepaying your loan? RBI scrapped foreclosure charges for individuals.RBI releases directions for waiver of foreclosure charges on loans

    The Reserve Bank of India (RBI) released directions for the levy of foreclosure/pre-payment charges on loans.

    • Gig workerApplies to small business loans too.
    • Founder / small businessMSE borrowers included.
    • SalariedNo penalty for early repayment of floating-rate loans — refinance freely.
    PRS review Also reported by: New Indian Express, Times of India, Indian Express, SCC Online
  • Open for comment ×1.5Finance✓ Independently confirmed💰🎓
    SEBI wants to reorganise mutual fund categories.Comments invited on draft circular on categorisation of mutual fund schemes

    The Securities and Exchange Board of India (SEBI) released a draft circular on Categorisation and Rationalisation of Mutual Fund Schemes for public comments.

    • StudentSimpler categories for first-time investors.
    • SalariedFund names and categories may change; your SIP might be reclassified.
    PRS review Also reported by: CNBC-TV18, Economic Times, Times of India
  • Committee report ×1.2Finance✓ Independently confirmed💰
    Parliament's committee reviewed the new Income-Tax Bill.Select Committee submits report on the Income-Tax Bill, 2025

    The Income-Tax Bill, 2025 was introduced in Lok Sabha on February 13, 2025. The Bill seeks to replace the Income-Tax Act, 1961.

    • SalariedRecommendations before the law was passed — context for what changed.
    PRS review · source 1 Also reported by: News On AIR, Times of India
  • Cabinet approval ×1.8Cooperation✓ Independently confirmed💰
    Cabinet approves a scheme for loans to cooperatives through NCDC

    The Union Cabinet approved a scheme to extend grants worth Rs 2,000 crore to the National Cooperative Development Corporation (NCDC).

    PRS review Also reported by: Economic Times, SCC Online
Jun 2025 · 2 actions
  • Update ×1.0Finance✓ Independently confirmed💼💰
    Borrowing against gold? RBI set new rules.RBI issues directions for lending against gold and silver collateral

    The RBI issued the RBI (Lending Against Gold and Silver Collateral) Directions, 2025.

    • Gig workerGold loans are the go-to for informal workers — limits and valuation norms changed.
    • SalariedLoan-to-value caps and documentation.
    PRS review Also reported by: Moneycontrol, New Indian Express
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰🎓🏭
    Repo rate cut to 5.5% — a big move.Repo rate cut from 6% to 5.5%

    The Reserve Bank of India’s Monetary Policy Committee (MPC) cut the policy repo rate (the rate at which RBI lends money to banks) from 6% to 5.5%.

    • StudentEducation loans cheaper.
    • Founder / small businessCheaper credit.
    • Salaried50 basis points off: EMIs should fall noticeably.
    PRS review Also reported by: DD News, Mint
May 2025 · 3 actions
  • Rules notified ×2.0Finance💰🏭
    A new board to regulate payments — UPI included.RBI notifies Payments Regulatory Board Regulations, 2025

    The Reserve Bank of India (RBI) notified the Payments Regulatory Board Regulations, 2025. It repeals the Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008.

    • Founder / small businessFintechs: your regulator's structure changed.
    • SalariedGovernance of the systems behind your UPI and card payments.
    PRS review Also reported by: Economic Times
  • Rules notified ×2.0Commerce and Industry💰🏭
    Credit guarantees for startups revised.Commerce Ministry notifies revised credit guarantee scheme for startups

    The Department for Promotion of Industry and Internal Trade has notified a revised credit guarantee scheme for startups.

    • Founder / small businessCollateral-free loans up to higher limits with government backing.
    PRS review
  • Cabinet approval ×1.8Agriculture✓ Independently confirmed💰
    Cabinet approved continuation of Modified Interest Subvention Scheme

    The Union Cabinet approved continuation of the interest subvention component under the Modified Interest Subvention Scheme for the year 2025-26.

    PRS review Also reported by: pmindia.gov.in, The Hindu
Apr 2025 · 1 actions
  • Update ×1.0Macroeconomic Development✓ Independently confirmed💰🎓
    Repo rate cut to 6%.Repo rate cut from 6.25% to 6%

    The Reserve Bank of India’s Monetary Policy Committee (MPC) cut the policy repo rate (the rate at which RBI lends money to banks) from 6.25% to 6%.

    • StudentEducation loans cheaper.
    • SalariedEMIs eased.
    PRS review Also reported by: NDTV, Economic Times
What the labels mean
Law passed
Parliament passed it (or it got the President's assent). It is now law, though it may take effect later.
Bill introduced
A Bill was tabled in Parliament. It can still change, be sent to a committee, or lapse.
Rules notified
The government issued binding rules, regulations or a notification under an existing law. No vote needed.
Cabinet approval
The Union Cabinet approved a proposal — usually the step before a Bill is introduced or a scheme launches.
Open for comment
A draft was published for public comment. Anyone can respond before the deadline.
Committee report
A parliamentary committee of MPs from all parties examined an issue and made recommendations. Not binding.
Scheme / programme
A government programme was launched, approved or expanded.
Court ruling
A court ruling or stay that changes how a law works in practice.
Update
A statement, report or development that doesn't fit the categories above.

In the states

Bills introduced in state legislatures on this topic, from PRS's state Bill list. Listed by year (PRS records the year, not the month), so this layer sits beside the momentum score rather than inside it.

40 202660 2025 Karnataka 7Chhattisgarh 6Himachal Pradesh 6Uttar Pradesh 5Gujarat 4Andhra Pradesh 4Assam 4Nagaland 4Puducherry 4Telangana 4West Bengal 4Uttarakhand 3Arunachal Pradesh 3Bihar 3Goa 3Haryana 3Madhya Pradesh 3Maharashtra 3Mizoram 3Rajasthan 3Tripura 3Jammu and Kashmir 2Jharkhand 2Kerala 2Punjab 2Meghalaya 2Odisha 2Sikkim 2Tamil Nadu 2Manipur 1Delhi 1
  • Jammu and Kashmir2026The Jammu and Kashmir State Legislature Members' Pension (Amendment) Bill, 2026Bill (PDF)
  • Jammu and Kashmir2026The Jammu and Kashmir Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Gujarat2026The Gujarat Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Uttarakhand2026The Uttarakhand Goods and Services Tax (Amendment) Ordinance, 2025Bill (PDF)
  • Andhra Pradesh2026The Andhra Pradesh Payment of Salaries and Pension and Removal of Disqualifications (Amendment) Bill, 2026Bill (PDF)
  • Andhra Pradesh2026The Andhra Pradesh Motor Vehicles Taxation (Amendment) Bill, 2026Bill (PDF)
  • Andhra Pradesh2026The Andhra Pradesh Motor Vehicles Taxation (Amendment) Ordinance, 2026Bill (PDF)
  • Arunachal Pradesh2026The Arunachal Pradesh Salary, Allowances and Pension of Members of (Amendment) Bill, 2026Bill (PDF)
Show all 100
  • Arunachal Pradesh2026The Arunachal Pradesh Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Assam2026The Assam Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Bihar2026The Bihar Micro Finance Institutions (Regulation of Money Lending and Prevention of Coercive Action) Bill, 2026Bill (PDF)
  • Bihar2026The Bihar Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Chhattisgarh2026The Chhattisgarh Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Goa2026The Goa Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Haryana2026The Haryana Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Himachal Pradesh2026The Himachal Pradesh Legislative Assembly (Allowances and Pension of Members) Amendment Bill, 2026Bill (PDF)
  • Himachal Pradesh2026The Himachal Pradesh Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Jharkhand2026The Jharkhand Goods and Services Tax (Amendment) Ordinance, 2026Bill (PDF)
  • Karnataka2026The Karnataka Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Karnataka2026The Karnataka Motor Vehicles Taxation (Amendment) Bill, 2026Bill (PDF)
  • Kerala2026The Kerala Finance Bill, 2026Bill (PDF)
  • Madhya Pradesh2026The Madhya Pradesh Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Maharashtra2026The Maharashtra Money-Lending (Regulation) (Amendment) Bill, 2026Bill (PDF)
  • Maharashtra2026The Maharashtra Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Manipur2026The Manipur Goods and Services Tax (Tenth Amendment) Bill, 2026Bill (PDF)
  • Mizoram2026The Mizoram Goods and Services Tax (First Amendment) Bill, 2026Bill (PDF)
  • Nagaland2026The Nagaland Goods and Services Tax (Twelfth Amendment) Bill, 2026Bill (PDF)
  • Nagaland2026The Nagaland Goods and Services Tax (Eleventh Amendment) Bill, 2026Bill (PDF)
  • Nagaland2026The Nagaland Goods and Services Tax (Eleventh Amendment) Ordinance, 2026Bill (PDF)
  • Puducherry2026The Puducherry Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Punjab2026The Punjab Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Rajasthan2026The Rajasthan Finance Bill, 2026Bill (PDF)
  • Rajasthan2026The Rajasthan Goods And Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Telangana2026The Telangana Motor Vehicles Taxation (Amendment) Bill, 2026Bill (PDF)
  • Telangana2026The Telangana Goods and Services Tax (Second Amendment) Bill, 2026Bill (PDF)
  • Telangana2026The Telangana Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • Tripura2026The Tripura State Goods and Services Tax (Tenth Amendment) Bill, 2026Bill (PDF)
  • West Bengal2026The Bengal Agricultural Income-Tax (Amendment) Bill, 2026Bill (PDF)
  • West Bengal2026The West Bengal Goods and Services Tax (Amendment) Bill, 2026Bill (PDF)
  • West Bengal2026The West Bengal Finance Bill, 2026Bill (PDF)
  • Andhra Pradesh2025The Andhra Pradesh Motor Vehicles Taxation (Amendment) Bill, 2025Bill (PDF)
  • Arunachal Pradesh2025The Arunachal Pradesh Goods and Services Tax (Amendment) Ordinance, 2025Bill (PDF)
  • Assam2025The Assam Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Assam2025The Assam Goods and Services Tax (Second Amendment) Bill, 2025Bill (PDF)
  • Assam2025The Assam Taxation (Liquidation of Arrear Dues) (Amendment) Bill, 2025Bill (PDF)
  • Bihar2025The Bihar Goods And Services Tax (First Amendment) Bill, 2025Bill (PDF)
  • Chhattisgarh2025The Chhattisgarh Legislative Assembly Member Salary, Allowance and Pension (Amendment) Bill, 2025Bill (PDF)
  • Chhattisgarh2025The Chhattisgarh Legislative Assembly Member Salary, Allowance and Pension (Amendment) Bill, 2025Bill (PDF)
  • Chhattisgarh2025The Chhattisgarh Motor Vehicles Taxation (Amendment) Bill, 2025Bill (PDF)
  • Chhattisgarh2025The Chhattisgarh Pension Fund Bill, 2025Bill (PDF)
  • Chhattisgarh2025The Chhattisgarh Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Delhi2025The Delhi Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Goa2025The Goa Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Goa2025The Goa Goods and Services Tax (Second Amendment) Bill, 2025Bill (PDF)
  • Gujarat2025The Gujarat Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Gujarat2025The Gujarat Goods and Services Tax (Second Amendment) Bill, 2025Bill (PDF)
  • Gujarat2025The Gujarat Goods and Services Tax (Second Amendment) Ordinance, 2025Bill (PDF)
  • Haryana2025The Haryana Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Haryana2025The Haryana Legislative Assembly (Salary, Allowances and Pension of Members) Amendment Bill, 2025Bill (PDF)
  • Himachal Pradesh2025The Himachal Pradesh Legislative Assembly (Allowances and Pension of Members) Amendment Bill, 2025Bill (PDF)
  • Himachal Pradesh2025The Himachal Pradesh (Taxation on Carriage of Certain Goods by Road) Amendment Bill, 2025Bill (PDF)
  • Himachal Pradesh2025The Himachal Pradesh Goods and Services Tax (2nd Amendment) Bill, 2025Bill (PDF)
  • Himachal Pradesh2025The Himachal Pradesh Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Jharkhand2025The Jharkhand Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Karnataka2025The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Bill, 2025Bill (PDF)
  • Karnataka2025The Karnataka Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Karnataka2025The Karnataka Legislature Salaries, Pensions and Allowances (Amendment) Bill, 2025Bill (PDF)
  • Karnataka2025The Karnataka Motor Vehicles Taxation (Amendment) Bill, 2025Bill (PDF)
  • Karnataka2025The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025Bill (PDF)
  • Kerala2025The Kerala Finance Bill, 2025Bill (PDF)
  • Madhya Pradesh2025The Madhya Pradesh Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Madhya Pradesh2025The Madhya Pradesh Motor Vehicles Taxation (Amendment) Bill, 2025Bill (PDF)
  • Maharashtra2025The Maharashtra Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Meghalaya2025The Meghalaya Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Meghalaya2025The Meghalaya Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Mizoram2025The Mizoram (Pension for Members of the Defunct Mizo District Council and of the Defunct Pawi - Lakher Regional Council) (Amendment) Bill, 2025Bill (PDF)
  • Mizoram2025The Mizoram Goods And Services Tax (First Amendment) Bill, 2025Bill (PDF)
  • Nagaland2025The Nagaland Goods and Services Tax (Tenth Amendment) Bill, 2024Bill (PDF)
  • Odisha2025The Odisha Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Odisha2025The Odisha Legislative Assembly Members Salary, Allowances and Pension (Amendment) Bill, 2025Bill (PDF)
  • Puducherry2025The Puducherry Goods and Services Tax (Second Amendment) Bill, 2025Bill (PDF)
  • Puducherry2025The Puducherry Motor Vehicles Taxation (Amendment) Bill, 2025Bill (PDF)
  • Puducherry2025The Puducherry Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Punjab2025The Punjab Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Rajasthan2025The Rajasthan Goods and Services Tax (Second Amendment) Bill, 2025Bill (PDF)
  • Sikkim2025The Sikkim Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Sikkim2025The Sikkim Motor Vehicles Taxation (Amendment) Bill, 2025Bill (PDF)
  • Tamil Nadu2025The Tamil Nadu Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Tamil Nadu2025The Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Bill, 2025Bill (PDF)
  • Telangana2025The Telangana Goods and Services Tax (Amendment) Ordinance, 2025Bill (PDF)
  • Tripura2025The Salaries, Allowances, Pension and Other Benefits of The Ministers, Speaker, Dy. Speaker, LoP, Govt Chief Whip and the MLAs (Tripura) (Ninth Amendment) Bill, 2024Bill (PDF)
  • Tripura2025The Tripura State Goods and Services Tax (Ninth Amendment) Bill, 2025Bill (PDF)
  • Uttar Pradesh2025The Uttar Pradesh Pension Entitlement and Validation Ordinance, 2025Bill (PDF)
  • Uttar Pradesh2025The Uttar Pradesh Entitlement to Pension and Validation Bill, 2025Bill (PDF)
  • Uttar Pradesh2025Uttar Pradesh Goods and Services Tax (Amendment) Ordinance, 2025Bill (PDF)
  • Uttar Pradesh2025The Uttar Pradesh Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • Uttar Pradesh2025The Uttar Pradesh Motor Vehicle Taxation (Amendment) Bill, 2025Bill (PDF)
  • Uttarakhand2025The Uttarakhand State Legislative Assembly (Emoluments and Pension of Members) (Amendment) Bill, 2025Bill (PDF)
  • Uttarakhand2025The Uttarakhand Goods and Services Tax (Amendment) Bill, 2025Bill (PDF)
  • West Bengal2025The West Bengal Finance Bill, 2025Bill (PDF)

Policy journeys

The same instrument tracked across months — this is how a Bill becomes rules that reach you.

Replacing the 1961 Income-Tax Act

  1. Draft / consultation
  2. Committee
  3. In Parliament
  4. Law passed
  5. Rules notified
  6. Implementation
  1. Jul 2025Committee reportSelect Committee submits report on the Income-Tax Bill, 2025
  2. Aug 2025Law passedThe Income-Tax (No.2) Bill, 2025 passed by Parliament
  3. Aug 2025Law passedThe Taxation Laws (Amendment) Bill, 2025 passed by Parliament
  4. Feb 2026UpdateUnion Budget 2026-27 presented
  5. Aug 2026Law passedParliament passes the Taxation and Other Laws (Amendment) Bill, 2026

What could come next: New forms and rules under the 2025 Act; the first filing season under the new law.

One code for the securities market

  1. Draft / consultation
  2. Committee
  3. In Parliament
  4. Law passed
  5. Rules notified
  6. Implementation
  1. Dec 2025Bill introducedThe Securities Markets Code, 2025 introduced in Lok Sabha
  2. Jul 2026Committee reportStanding Committee on Finance submits report on the Securities Markets Code, 2025

What could come next: Government response to the committee; passage in a coming session.

Rewriting insurance law

  1. Draft / consultation
  2. Committee
  3. In Parliament
  4. Law passed
  5. Rules notified
  6. Implementation
  1. Dec 2025Law passedThe Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 passed by Parliament
  2. Jul 2026Rules notifiedIRDAI notifies Regulations to give effect to 2025 Amendments to Insurance Laws

What could come next: New entrants and products under the amended regime.

The repo rate, meeting by meeting

  1. Apr 2025UpdateRepo rate cut from 6.25% to 6%
  2. Jun 2025UpdateRepo rate cut from 6% to 5.5%
  3. Aug 2025UpdateRepo rate kept unchanged at 5.5%
  4. Oct 2025UpdateRBI maintains repo rate at 5.5%
  5. Dec 2025UpdateRBI reduces repo rate to 5.25%
  6. Feb 2026UpdateRBI maintains repo rate at 5.25%
  7. Apr 2026UpdateRBI maintains repo rate at 5.25%
  8. Jun 2026UpdateRepo rate unchanged at 5.25%
  9. Aug 2026UpdateRBI maintains repo rate at 5.25%

What could come next: Next MPC meeting; a cut only if inflation stays low.

Who pays when you're defrauded online

  1. Draft / consultation
  2. Committee
  3. In Parliament
  4. Law passed
  5. Rules notified
  6. Implementation
  1. Jul 2025Open for commentComments invited on draft Directions on Digital Banking Channels
  2. Aug 2025Committee reportStanding Committee on Home Affairs submits report on cybercrime
  3. Mar 2026Open for commentRBI releases draft framework to limit customer liability in digital transactions
  4. May 2026UpdateRBI invites comments on directions on conduct of loan recovery agents

What could come next: Final RBI framework on customer liability; recovery-agent conduct directions.

What people are saying

Conversations from whitelisted newsroom feeds, Google News, Bluesky and Mastodon over the last 30 days, grouped by story. A single post is never shown; each conversation is labelled by source coverage, not factual verification. This layer never moves the momentum score.

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Public chatter refreshed 19 Oct 2026 · 1931 posts read · 268 met the bar