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NEW DELHI: Despite the Centre’s focus on augmenting urban infrastructure and planned urbanisation, the housing and urban affairs ministry is set to end up with non-utilisation of around 40% of the Rs 96,777 crore the budget had allocated for the current financial year, which ends in March. The total expenditure for FY 25-26 is estimated…
Government has spent just a little more than 40% of the budgeted amount in its biggest schemes in the first three quarters of the current fiscal and expects to spend less than 75% by the end of the year. These 53 selected schemes are those that had a budget estimate of Rs 500 crore or…
SRINAGAR/JAMMU: J&K CM Omar Abdullah presented on Friday the National Conference (NC) govt’s second budget, peppered with references to challenges arising out of last year’s Pahalgam attack, Operation Sindoor and devastating floods.Presenting the Rs 1.27-lakh crore budget for 2026-27 as he also handles finance, Omar proposed two dedicated emergency hospitals and bullet-proof ambulances in frontier…
Sriharsha Majety, group CEO, Swiggy Swiggy MD & group CEO Sriharsha Majety has said that budget’s announcement to introduce City Economic Regions, will accelerate urbanisation and formalisation beyond the metros, while expansion of organised economic activity into Tier-II and Tier-III centres will be a key driver of incremental GDP creation over medium term.“Targeted investments in…
Realtors’ apex body CREDAI on Sunday expressed disappointment over the Union Budget 2026-27, saying it failed to offer any concrete measures to boost demand and supply in the affordable housing segment.The association, which represents around 15,000 real estate developers across the country, warned that the share of affordable housing in new home launches could shrink…
If past Union Budgets were shaped by tax reforms and progressive personal tax restructuring, then Budget 2026 is more about firefighting, shielding the economy from global shocks, managing uncertainty and rebuilding confidence amid a volatile international environment.With no dramatic fiscal stress to respond to, Budget 2026 shifted attention to longer-term priorities while maintaining continuity in…
India Budget 2026-27: NRI Investment, Property, Remittance Changes for UAE Residents As India’s Union Budget 2026–27 was unveiled on February 01, 2026, NRIs including millions living in the UAE found a mix of relief, opportunities and compliance changes that could reshape how they invest, remit money, sell property and engage with the Indian economy. Read…
Global investors pulled out more than $3 billion in January, following withdrawals of over $18 billion in 2025. (AI image) Finance Minister Nirmala Sitharaman’s Union Budget 2026 has sought to enhance stability in India’s stock market by increasing the investment limits for NRIs. The government is seeking to draw more money from NRIs in the…
In a move expected to bring relief to employers and reduce routine tax disallowances, the finance bill has proposed a key change to the treatment of employees’ provident fund (PF), ESI and similar contributions, allowing deductions even where there is a delay in deposit, provided the amount is deposited by the employer entity with the…
Seeking to ease procedural hardship in search-related tax cases, the finance bill has proposed a calibrated approach to block assessments for third parties, alongside changes to standardise limitation timelines — moves experts say could reduce disproportionate compliance burdens and bring greater predictability to the process.Under the existing framework, when tax authorities uncover undisclosed income belonging…
