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Budget 2026’s proposal to restructure Power Finance Corporation and Rural Electrification Corporation has revived merger speculation. Sitharaman said govt wants public-sector NBFCs to scale up and cut costs, with clear credit and tech targets. As a first step, it plans to restructure PFC and REC to drive scale and efficiency.Both lenders carry heavy exposure to…
Employability In Focus, More Pulp For Orange Eco Signalling a shift in employment strategy, the Budget, instead of announcing how many jobs will be created, focuses on building conditions for sustainable work, with skilling, services and sector-led ecosystems emerging as core pillars. A high-powered education-employment-enterprise standing committee will map skill gaps, identify high-employment service sub-sectors…
Of 30 Index Stocks, 26 Close In Red At a time when global markets are witnessing high volatility due to geopolitical uncertainties, the hike in securities transaction tax (STT) on derivatives trades hit investor sentiment on Dalal Street on the Budget day. This in turn led to a sharp sell-off that pulled the sensex down…
Buying property from an NRI? Worried about obtaining TAN? Not anymore. To relax the compliance burden, the Budget has proposed that resident individuals and HUFs need not have a Tax Deduction and Collection Account Number (TAN) if they are purchasing a property from a non-resident Indian (NRI). The amendment will take effect from Oct 1,…
Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission has recommended retaining states’ share in the divisible pool of central taxes at 41 per cent, while pitching for outcome-based spending, greater transparency in tax devolution data and stronger fiscal discipline at the state level. The panel said there is…
The government has raised the duty-free allowance for passengers bringing imported goods into India to Rs 75,000 from the earlier Rs 50,000 under the newly notified Baggage Rules, 2026, PTI reported.Under the new rules notified on Sunday, a resident or a tourist of Indian origin arriving in India other than by land will be allowed…
The Union Budget 2026-27 has announced a series of measures aimed at strengthening India’s export ecosystem by focusing on manufacturing expansion and trade facilitation, commerce secretary Rajesh Agrawal said on Sunday, PTI reported.He said the Budget includes targeted support for both labour-intensive industries and high-technology sectors, while policy steps on logistics and trade facilitation are…
Department of Economic Affairs (DEA) Secretary Anuradha Thakur (Photo-ANI) The Centre and the Reserve Bank of India (RBI) are closely tracking movements in the rupee and fluctuations in gold and silver prices, while remaining ready to deploy policy tools to maintain macroeconomic stability, Department of Economic Affairs (DEA) Secretary Anuradha Thakur said, ANI reported.“As far…
The Union Budget 2026 has proposed simplifying tax compliance for property transactions involving non-resident sellers by allowing resident buyers to deduct and deposit TDS using their PAN-based challan instead of obtaining a Tax Deduction and Collection Account Number (TAN).At present, resident individuals or Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller are…
Gold, silver prices crash (AI image) Gold, silver prices continue to decline! Gold and silver prices have been crashing in the last two trading sessions, plunging drastically from record highs, raising questions about whether the bull run is over and if the volatility is here to stay.Silver prices have dropped by 26,273 per kg, or…
