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It also transferred ₹1.09 lakh crore to its Contingent Risk Buffer (CRB), maintaining the CRB at 6.5% of the balance sheet.

Key points:

• RBI balance sheet expanded 20.6% YoY to nearly ₹92 lakh crore
• Gross income rose 26.4% in FY26
• Government had budgeted ₹3.16 lakh crore in dividend and surplus receipts for FY27
• Economists had estimated the surplus transfer at ₹2.7–3 lakh crore
• FX operations, a weaker US dollar, and rising gold prices supported the surplus
• Analysts said the payout may still not fully protect the fiscal deficit target amid rising crude prices and external pressures

The RBI said the decision considered macroeconomic conditions, financial performance, and risk buffer requirements.

Source

SEBI has put out a consultation paper proposing to allow third-party payments in mutual funds, which would be a notable shift from the current framework, where investments must come directly from the investor’s own bank account.

Key proposals:

1. Employers could invest in mutual funds on behalf of employees via salary deduction (similar to PF/NPS structures)
2. Mutual fund distributors (MFDs) could receive commissions in the form of MF units instead of cash
3. Investors could allocate a portion of their investment or returns toward donations (via NGOs / SSE-registered NPOs)

While this could improve convenience and participation, there are some important considerations SEBI itself has flagged:

• Should employers be allowed to facilitate investments into AMCs that are part of their own group?
• Could paying distributors in MF units create incentives for mis-selling or product bias?
• For donation flows, should contributions be restricted only to SSE-registered / verified NPOs?

SEBI is seeking public feedback on these points before finalizing the framework.

Source

Fuel prices have been hiked by ₹3/litre (petrol & diesel) starting May 15 after a long period of stability. The increase is being linked to rising global crude prices and supply pressures.

This will likely push up transport costs and could slowly add to inflation, especially for essentials.

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CBDT has introduced a UIN system for Form 121 declarations effective 1 April 2026.

• Each declaration gets a UIN (D + sequence + tax year + TAN)
• Paper forms must be digitised before UIN allocation
• Sequence resets every tax year per TAN
• Part B filing required on e-filing portal
• UIN also included in quarterly TDS statements (Rule 219)

Source