President Donald Trump has renewed his claim that he receives no credit for forgoing his presidential salary, contrasting his $0 compensation with the $1.6 million Joe Biden collected over his term and the $3.2 million Barack Obama earned over two terms. Trump has donated his salary in prior years, a practice he also followed during his first term. The statutory presidential salary is $400,000 per year, making the cumulative figures a function of time served rather than pay raises. The framing, however, omits the substantial taxpayer-funded costs associated with presidential security, travel, and residence, expenses that accrue regardless of whether a salary is drawn. Presidential salary waivers do not reduce federal outlays; the budget line is not redirected or cancelled when declined. For analysts tracking executive branch optics and fiscal messaging, the distinction between voluntary salary forfeiture and actual government savings is the operative point. Trump's framing is likely to resurface in budget and fiscal responsibility debates as the administration pursues spending reduction arguments on Capitol Hill.
India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
India's government has introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing changes to payments regulation, income tax, and the Finance Act to attract FDI and support Make in India. The Bill's final shape will depend on parliamentary debate and committee review.
The government's Taxation and Other Laws (Amendment) Bill, 2026, proposes to replace the blanket UPI MDR ban with a system allowing the Centre to notify which payment modes stay fee-free.
Prime Minister Narendra Modi inaugurated the Rs 5,000 crore Bhogapuram greenfield airport in Andhra Pradesh, built under a public-private partnership model. He also laid foundation stones for infrastructure projects worth nearly Rs 18,000 crore in the state, signalling a broad investment push for the region.