Money Update – April 2026

TOP 10 UPDATES

• 1. Govt retains small savings rates for June quarter. Interest rates for small savings schemes will remain unchanged for the June quarter — affects PPF and Sukanya Samriddhi accounts. These rates have been stable for nine consecutive quarters.
• 2. New Income Tax Law Implemented — The Income-tax Act of 2025 comes into effect from April 1, 2026. These rules offer relief to taxpayers with increased house rent allowance limits in major cities. Compliance will be stricter in areas like capital gains and non-resident taxation.
• 3. IBC helped banks recover 52% bad loans: Nirmala Sitharaman. The Insolvency and Bankruptcy Code has helped rescue struggling companies and recover bad loans. A new amendment bill passed in the Lok Sabha introduces fresh resolution frameworks to speed up rescue of stressed firms.
• 4. India's inward receipts grow 56% to $464.189 billion in April-Dec period. Inward receipts from international trade in services, incomes, and remittances surged by 56% in the first nine months of FY26. The services sector contributed two-thirds of total receipts, up 9% to $310.242 billion.
• 5. India's digital payments are getting a security upgrade. From April 1, the Reserve Bank of India will require two-factor authentication for all digital transactions. The new rules will incorporate dynamic elements like OTPs or biometrics.
• 6. Cabinet approves Rs 2,585 crore for small hydropower development scheme. This is likely to bring in Rs 15,000 crore of investment in the small hydro sector, boost clean energy, and create significant employment opportunities in remote and rural areas.
• 7. Net direct tax collections till March 17 at Rs 22.80 lakh crore, up 7.2% YoY.
• 8. India tightens tax compliance on crypto and digital assets. New rules from January 1 will bring crypto assets, CBDCs, and electronic money under financial account reporting. Banks and depositories will track accounts with greater detail.
• 9. Centre clears 29 PLI projects worth Rs 7,104 crore under ECMS including rare earth magnet. The rare earth magnet project features fully indigenous technology and IP. Investments expected to generate over 14,000 jobs and drive production worth Rs 84,515 crore.
• 10. GST collections hit 10-month high of Rs 2 lakh crore in March. Monthly collections rebound from February's Rs 1.84 lakh crore, reflecting steady recovery through the second half of the previous fiscal.

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