March 3, 2026

Business

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Budget 2026 bets big on semiconductor chips, raises electronics components outlay to Rs 40,000 crore

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NEW DELHI: Union Budget 2026 moved towards strengthening India’s efforts towards becoming a global manufacturing powerhouse in electronics by announcing a new incentive plan for semiconductor manufacturing, while nearly doubling the outlay under the Electronics Components Manufacturing Scheme to Rs 40,000 crore.Finance Minister Nirmala Sitharaman said that the India Semiconductor Mission (ISM) 1.0 had helped…

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If you bought just $1 of Bitcoin when it launched 17 years ago, how rich would you be today? | Business

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What Would $1 Invested in Bitcoin in 2009 Be Worth Today, 17 Years Later? The question resurfaces every time Bitcoin hits another high: what would your money look like now if you’d bought in at the beginning? With the cryptocurrency trading at $78,693.76 per coin as of early February 2026, the arithmetic of Bitcoin’s earliest…

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STT hike on F&O drags brokerage stocks; Sensex, Nifty slide as trading costs fears rise

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Shares of brokerage-linked and exchange-related companies fell sharply by up to nearly 12 per cent after Finance Minister Nirmala Sitharaman proposed an increase in the Securities Transaction Tax (STT) on derivatives in the Union Budget 2026-27, according to PTI.In her Budget speech, Sitharaman announced that STT on futures contracts would be increased to 0.05 per…

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Manufacturing push: Budget identifies these strategic sectors to scale production, jobs and supply chains

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The government has unveiled a targeted manufacturing push centred on seven strategic and frontier sectors, positioning them as key drivers of job creation, domestic value addition and long-term industrial competitiveness.Presenting the proposals, Finance Minister Nirmala Sitharaman said the strategy is anchored in accelerating growth through focused industrial interventions. Subsidies, Jobs, AI Tool: FM Sitharaman Unveils…

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Tax revolution in the UAE: E-invoicing will change how you get paid, no more manual VAT fixes

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UAE E-Invoicing Revolution: How the Looming Digital System Will Transform Business Operations The United Arab Emirates is gearing up for a major tax and digital transformation in 2026–2027 with the rollout of a national electronic invoicing (e-invoicing) system that will fundamentally change how companies issue, process and report invoices. With pilot testing set to begin…

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Budget 2026: High-level committee on Banking to be set up for India’s next phase of growth

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File photo: Union finance minister Nirmala Sitharaman (Picture credit: ANI) NEW DELHI: Presenting the Budget, finance minister Nirmala Sitharaman has proposed setting up a “High Level Committee on Banking for Viksit Bharat”, to comprehensively review the sector and align it with India’s next phase of growth.“I propose setting up a ‘High Level Committee on Banking…

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Union Budget 2026: Health outlay raised 10%, government plans 5 regional medical hubs, boost for AHPs

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Finance Minister Nirmala Sitharaman, presenting the Union Budget on Sunday, announced a new scheme to support states in setting up five regional medical hubs in partnership with the private sector. These hubs will function as integrated healthcare complexes, combining medical care, education, and research, and aim to position India as a leading destination for medical…

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STT hike after Budget 2026: What is Securities Transaction Tax & what does it mean for F&O traders and investors

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Securities Transaction Tax (STT) on derivatives will rise from April 1, 2026, after the Finance minister Sithraman in her 9th budget speech proposed higher rates on futures and options trading as part of Budget 2026 changes to the Finance (No. 2) Act, 2004.Finance Minister Nirmala Sitharaman announced the move while presenting the Budget, saying: “I…

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