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If trust has been Nirmala Sitharaman’s byword for taxpayers so far, she took it further this year to improve ‘ease’ of filing and updating returns, and encouraging voluntary compliance to cut down on litigation. Sitharaman said the new Income Tax Act, 2025, which comes into force from April 1, is revenue-neutral, with no changes to…
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…
Manufacturing has always been seen as the workhorse of the economy. It’s not glamorous, it’s not aspirational, it’s not even quickly scalable — in fact, it’s almost dull. Especially when seen next to the slick and nimble services sector. But it seems US president Donald Trump is making factories cool again.The latest Budget makes this…
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…
The Union Budget 2026–27 proposes a grand total expenditure of Rs 53.47 lakh crore, comprising Rs 41.25 lakh crore in revenue expenditure and Rs 12.22 lakh crore in capital expenditure.The budget reinforces the government’s emphasis on growth, inclusion and long-term capacity building under its three-fold kartavya framework.Presenting a Yuva Shakti–driven Budget, finance minister Nirmala Sitharaman…
By Thomas V Abraham, Research Analyst, Mirae Asset ShareKhanIndia’s stock markets kicked off the special Sunday session on a flat-to-positive note, with Sensex touching an intraday peak near 82,726 and Nifty nearing 25,357. However, sentiment soured quickly after Budget 2026 announcements, dragging indices into the red amid targeted tax hikes and unmet expectations.Key triggers for…
NEW DELHI: Finance minister Nirmala Sitharaman may not have opened the purse strings for poll-bound states in Union Budget 2026 but she made them a part of many ambitious development initiatives like the rare earth corridor, dedicated freight passage and the proposed high-speed rail networks.Assembly elections are scheduled in West Bengal, Tamil Nadu, Kerala, Assam…
Budget 2026 sharpens focus on Kendriya and Navodaya Vidyalayas as school education gets fresh funding push. India’s Kendriya Vidyalaya (KV) and Jawahar Navodaya Vidyalaya (NV) two central schools systems have again been given new priorities in the Union Budget 2026-27 with increased funds being given to improve access to these schools, infrastructure, and day-to-day running…
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…
