Central Government Archives - Tax Heal https://www.taxheal.com/tag/central-government Complete Guide for Income Tax and GST in India Fri, 25 Sep 2026 12:54:23 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026 https://www.taxheal.com/public-sector-and-regional-rural-banks-face-a-three-day-nationwide-strike-from-september-28-to-30-2026.html Fri, 25 Sep 2026 12:54:23 +0000 https://www.taxheal.com/?p=141532 Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026 Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026 A three-day nationwide bank strike has been called by the United Forum of Bank Unions (UFBU) from September 28 to September… Read More »

]]> Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026

Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026

Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026

A three-day nationwide bank strike has been called by the United Forum of Bank Unions (UFBU) from September 28 to September 30, 2026. The unions are striking primarily to demand the immediate implementation of a five-day banking workweek and pension reforms. [1, 2]
Because the strike directly follows a weekend (September 26 is the 4th Saturday and September 27 is Sunday), there were widespread concerns about a 5-day consecutive disruption to physical banking operations. Additionally, September 30 marks the critical half-yearly closing date for banks, adding severe operational pressure. [3, 4, 5]

🏛 Government Countermeasures & Impact on Services

To minimize public distress, the Central Government, RBI, and bank managements have deployed major contingency plans: [6]

  • Sunday Openings: The government directed all Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) to remain fully operational on Sunday, September 27, 2026. Branches, currency chests, and offices will function normally on Sunday to clear urgent documentation, deposits, and cheques. [4, 7]
  • Early Salaries: The Ministry of Finance directed that Central Government salaries, wages, and pensions be disbursed early on September 25, 2026, so people have cash before the strike begins. [8, 9]
  • Private Banks: Private-sector players (like HDFC, ICICI, and Axis Bank) are expected to face minimal or no impact. [4]

đź’ł What Works and What Doesn’t (Sept 28–30)

Service Type Status Action Plan / Impact
In-Branch Services ❌ Disrupted Branch banking at PSBs (cash deposits, physical withdrawals, demand drafts, account openings) will be completely frozen or severely limited.
Digital Banking Functional Net banking, mobile apps (like SBI YONO), and online corporate transfers will remain available.
UPI Payments Functional Digital wallets, QR scans, and instant peer-to-peer UPI transfers will operate completely normally.
ATMs & Cash Machines Functional* Expected to remain active, though subject to local cash availability. Note: State Bank of India (SBI) has officially waived all ATM transaction fees during these 3 strike days to provide customer relief.
🚨 Crucial Warning: The UFBU has announced that if the government does not resolve their demands during this period, bank employees will launch an indefinite nationwide strike starting October 26, 2026. [10, 11]
If you are planning major financial tasks next week, let me know:

  • Do you have cheques that need clearing before the month ends?
  • Are you expecting salary or vendor payments directly into a public sector bank account?
  • Do you need assistance setting up digital avenues to bypass branch closures?

Public sector and regional rural banks face a three-day nationwide strike from September 28 to 30, 2026
The United Forum of Bank Unions (UFBU)—an umbrella body representing nine major bank employee unions—has called a three-day nationwide bank strike from September 28 to September 30, 2026. The action primarily impacts Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) across India.
Because the strike runs from Monday through Wednesday right after the weekend (September 26–27), physical branch operations face up to five consecutive days of potential disruption.

Core Demands Behind the Strike

  1. Implementation of a 5-Day Banking Week: Unions are pushing for all Saturdays to be designated as official holidays. Currently, banks only observe closures on the 2nd and 4th Saturdays. UFBU notes that the RBI, Central Government offices, and the insurance sector already follow a 5-day workweek.
  2. Pension Modernization & Updation: Requesting regular updates to basic pensions for older retirees in alignment with pay scale revisions, a uniform Dearness Allowance (DA) formula for all pensioners, and an option for employees under the National Pension System (NPS) to switch back to the Old Pension Scheme (OPS).
  3. Dispute Over Revised Performance Linked Incentive (PLI): Opposition to directives regarding revised PLI schemes that unions argue were introduced unilaterally.

Government Response & Branch Timings

To mitigate the impact on the public and facilitate essential month-end closing transactions, the Ministry of Finance and Reserve Bank of India (RBI) ordered all PSBs and RRBs to remain open on Sunday, September 27, 2026.
Date Branch Status (PSBs & RRBs) Details
Sat, Sept 26 CLOSED Fourth Saturday (Regular Weekend Holiday)
Sun, Sept 27 OPEN Special Operational Day ordered by Ministry of Finance & RBI
Mon, Sept 28 STRIKE Branch operations disrupted / minimal staff
Tue, Sept 29 STRIKE Branch operations disrupted / minimal staff
Wed, Sept 30 STRIKE Branch operations disrupted; coincides with half-yearly closing

Impact on Digital Services & Private Banks

  • Private Sector Banks: Private lenders (such as HDFC Bank, ICICI Bank, Axis Bank) are not participating in the strike and will maintain regular operations, though inter-bank operations like cheque clearing and RTGS/NEFT settlement delays may occur.
  • Digital Channels: UPI, Net Banking, Mobile Apps, and ATMs will remain functional throughout the period. However, ATMs may experience cash shortages in certain locations due to cash-replenishment logistics during the 3-day window.
  • Over-the-Counter Transactions: Services requiring physical branch presence—such as demand drafts, cash deposits, passbook updates, and paper cheque clearing—will be unavailable or significantly delayed at public sector branches.

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]]> Publication of Extra ordinary Notification in UPI transactions upto Rs. 2,000 https://www.taxheal.com/publication-of-extra-ordinary-notification-in-upi-transactions-upto-rs-2000.html Wed, 16 Sep 2026 05:46:17 +0000 https://www.taxheal.com/?p=140823 Publication of Extra ordinary Notification in UPI transactions upto Rs. 2,000   Publication of Extra ordinary Notification in UPI transactions upto Rs. 2,000   The Gazette of India CG-DL-E-14092026-276170 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4877] NEW DELHI, MONDAY, SEPTEMBER 14, 2026/BHADRA 23, 1948 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION… Read More »

]]> Publication of Extra ordinary Notification in UPI transactions upto Rs. 2,000

 

Publication of Extra ordinary Notification

Publication of Extra ordinary Notification in UPI transactions upto Rs. 2,000

 

The Gazette of India

CG-DL-E-14092026-276170

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 4877] NEW DELHI, MONDAY, SEPTEMBER 14, 2026/BHADRA 23, 1948

MINISTRY OF FINANCE

(Department of Financial Services)

NOTIFICATION

New Delhi

14th September, 2026

S.O. 5067(E).— In exercise of the powers conferred by section 10 A of the Payment and Settlement Systems Act, 2007 (51 of 2007), the Central Government hereby specifies the following electronic modes of payment, namely:–

(i) Debit Card powered by RuPay; and

(ii) Unified Payments Interface (UPI) transactions upto Rs. 2,000.

2. No bank or system provider shall impose, whether directly or indirectly, any charge upon a person making or receiving a payment by using the electronic modes of payment specified in paragraph above.

[F. No. 01/05/2025-DP-DFS]

SAURABH KUMAR, Jt. Secy

Publication of Extra

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]]> Govt. withdraws Road and Infrastructure Cess on diesel expor… https://www.taxheal.com/govt-withdraws-road-and-infrastructure-cess-on-diesel-expor.html Wed, 19 Aug 2026 07:36:58 +0000 https://www.taxheal.com/?p=138876 Govt. withdraws Road and Infrastructure Cess on diesel expor… Govt. withdraws Road and Infrastructure Cess on diesel expor… NOTIFICATION New Delhi 14thAugust, 2026 No. 45/2026-Central Excise G.S.R. 735(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 112of Finance Act, 2018 (13 of 2018),… Read More »

]]> Govt. withdraws Road and Infrastructure Cess on diesel expor…

Govt. withdraws Road and Infrastructure Cess on diesel expor…

NOTIFICATION

New Delhi

14thAugust, 2026

No. 45/2026-Central Excise

G.S.R. 735(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 112of Finance Act, 2018 (13 of 2018), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 11/2026-Central Excise, dated the 26thMarch, 2026, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), videnumber G.S.R. 210 (E), dated the 26thMarch, 2026, namely:-

In the said notification, in the Table, against serial number 2, in column (4), for the entry, the entry “Nil” shall be substituted.

2. This notification shall come into force with effect from 15thAugust, 2026.

[F. No. 190349/13/2026-TRU]

DHEERAJ SHARMA, UnderSecy.

Note.-The principal notification No. 11/2026-Central Excise, dated the 26thMarch, 2026 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R210 (E), dated the 26thMarch, 2026 and last amended by Notification No. 42/2026-Central Excise dated 3rdAugust, 2026 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R. 702(E), dated 3rdAugust, 2026.

]]> Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2… https://www.taxheal.com/govt-reduces-saed-on-aviation-turbine-fuel-atf-from-rs-2.html Wed, 19 Aug 2026 07:31:19 +0000 https://www.taxheal.com/?p=138874 Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2… Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2… NOTIFICATION NewDelhi, 14thAugust, 2026 No. 44/2026-Central Excise G.S.R. 734(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 147 of Finance Act,… Read More »

]]> Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2…

Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2…

NOTIFICATION

NewDelhi,

14thAugust, 2026

No. 44/2026-Central Excise

G.S.R. 734(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 147 of Finance Act, 2002 (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 08/2026-Central Excise, dated the 26thMarch, 2026, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i), videnumber G.S.R. 207(E), dated the 26thMarch, 2026, namely:

In the said notification, in the Table, against serial number 1, in column (4), for the entry, the entry “Rs.19.5per litre” shall be substituted.

2. This notification shall come into force with effect from 15thAugust, 2026

[F. No. 190349/13/2026-TRU]

DHEERAJ SHARMA, UnderSecy

Note.-The principal notification No. 08/2026-Central Excise, dated the 26thMarch,2026 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.207(E), dated the 26thMarch, 2026and last amended by notification No.41/2026-Central Excise dated3rdAugust, 2026 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R. 701(E),dated3rdAugust, 2026

]]> Govt. withdraws export Special Additional Excise Duty (SAED)… https://www.taxheal.com/govt-withdraws-export-special-additional-excise-duty-saed.html Wed, 19 Aug 2026 07:22:18 +0000 https://www.taxheal.com/?p=138870 Govt. withdraws export Special Additional Excise Duty (SAED)… Govt. withdraws export Special Additional Excise Duty (SAED)… Notification No. 43/2026-Central Excise (Dated 14-08-2026) MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NewDelhi, 14thAugust, 2026 No. 43/2026-Central Excise G.S.R. 733(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read… Read More »

]]> Govt. withdraws export Special Additional Excise Duty (SAED)…

Govt. withdraws export Special Additional Excise Duty (SAED)…

Notification No. 43/2026-Central Excise (Dated 14-08-2026)

MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION

NewDelhi,

14thAugust, 2026

No. 43/2026-Central Excise

G.S.R. 733(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 147 of Finance Act, 2002 (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 06/2026-Central Excise, dated the 26thMarch, 2026, published in the Gazette of India, Extraordinary, Part II, Section3, Sub-section(i), videnumber G.S.R. 205(E), dated the 26thMarch, 2026, namely:-

In the said notification, in the Table, against serial number1, in column (4), for the entry, the entry “Nil” shall be substituted.

2. This notification shall come into force with effect from 15thAugust, 2026.

[F. No. 190349/13/2026-TRU]

DHEERAJ SHARMA, UnderSecy

Note.-The principal notification No. 06/2026-Central Excise, dated the 26thMarch, 2026 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide numberG.S.R.205(E), dated the 26thMarch, 2026and last amended by notification No.40/2026-Central Excise dated3rdAugust, 2026 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), videnumber G.S.R.700(E),dated 3rdAugust, 2026

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