Finance Bill 2026 Passed with ₹53.47 Lakh Crore Expenditure, FY27 Fiscal Deficit Projected at 4.3% of GDP

Rajya Sabha Passes Appropriation Bill 2026 for ₹54,067 Cr Excess Expenditure (FY2022-23)

Rajya Sabha has cleared the Appropriation Bill, 2026, authorising ₹54,067.44 crore in excess expenditure from the Consolidated Fund of India for FY 2022-23. Two demands covered: ₹53,871 crore for debt repayment and ₹196.44 crore per a Railway Ministry court order. This is a key procedural event in parliamentary financial control every student of Indian polity must understand.

MSME Development Amendment Bill 2026 Passed: 50% Interim Payment, Faster Dispute Resolution

Lok Sabha passed the MSME Development Amendment Bill, 2026 without debate, tackling delayed payments with faster dispute resolution and empowering courts to order 50% interim payment to suppliers. MSMEs contribute 31% to GDP, 36% to manufacturing, and 41% to exports. The Bill is now cleared by Parliament.

Lok Sabha Passes Tribunals Reforms Bill 2026; India's Russian Oil Imports Hit All-Time High of 48%

Today's top news covers the Lok Sabha's passage of the Tribunals Reforms Bill 2026 without debate, India's all-time high Russian oil imports at 48% in June 2026, multiple Supreme Court orders on Cauvery, Manipur, and Abhishek Banerjee, and a police lathi-charge on student protesters in Jharkhand. Key for Prelims: data points, bill names, SC orders.

PM CARES Fund: Donations Fall to ₹479.96 Cr, Balance Hits Record ₹8,452 Cr; No Questions in Lok Sabha

PM CARES Fund, a public charitable trust set up in 2020 for COVID-19 relief, saw donations plunge to ₹479.96 crore in FY2024-25 while its closing balance hit a record ₹8,452.06 crore. Spending fell to a five-year low of ₹87.85 lakh. The PMO has informed Lok Sabha that questions on PM CARES, PMNRF, and NDF are not admissible under parliamentary rules as they are funded by voluntary contributions, not from the Consolidated Fund of India.

Lok Sabha Passes MMDR Amendment Bill 2026: States Barred from Levying Additional Tax on Mineral Rights

The Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026 without debate, centralizing control over mineral taxation. States are now barred from levying additional taxes, cess, or levies on mineral rights, aiming to create a uniform fiscal regime and boost investor confidence under the Atmanirbhar Bharat and Viksit Bharat 2047 vision.

SC (Number of Judges) Amendment Bill 2026 Passed as Money Bill; Strength to Rise from 34 to 38

The Rajya Sabha has passed the Supreme Court (Number of Judges) Amendment Bill, 2026 as a Money Bill, increasing the sanctioned strength of judges from 34 to 38. This route is constitutionally contentious and is pending adjudication before a 7-judge Supreme Court bench, making this a critical Polity topic for Prelims and Mains.

Parliament Passes Registration of Births and Deaths (Amendment) Bill 2026; JMFC for Delays Over 2 Years

Rajya Sabha passed the Registration of Births and Deaths (Amendment) Bill, 2026 by voice vote, making a Judicial Magistrate (First Class) order mandatory for birth and death registrations delayed beyond two years. This reform targets misuse like ghost voters and unauthorised registration of children born elsewhere. Aspirants must remember the two-year threshold and the shift from executive to judicial authorisation.

Rajya Sabha Passes Supreme Court (Number of Judges) Amendment Bill 2026, Raising Judge Strength to 38

The Rajya Sabha has cleared the Supreme Court (Number of Judges) Amendment Bill, 2026, raising the apex court's sanctioned strength from 34 to 38 judges, including the Chief Justice of India. The Bill replaces a May ordinance, but Opposition MPs questioned the ordinance route and highlighted the persistent diversity deficit in judicial appointments. This is a high-yield Polity topic for Prelims and Mains, with concrete data on SC/ST/OBC/minority/women representation and judiciary infrastructure.