FM Sitharaman tables Taxation and Other Laws (Amendment) Bill with digital payments proposal
Economic Times 3 hrs ago·4 Aug 2026, 8:49 am
The government has introduced a new bill to amend tax laws, which includes proposals to promote digital payments. The bill suggests that banks and payment providers will no longer charge for certain electronic payment modes.
This move could have a significant impact on the economy and the way people make transactions. It may also affect the revenue of banks and payment providers.
Investors should watch how the bill progresses and its potential effects on the broader market, particularly the banking and financial sectors.
Excerpt from Economic Times
The Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws. Banks and payment providers will not charge for notified electronic payment modes. Tax exemptions are proposed for foreign investors in government securities and for electronics manufacturing. The bill also aims…Read the original at Economic Times
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- Category: Economy.
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