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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…
NEW DELHI: The Union Budget 2026 has set aside Rs 7.85 lakh crore for defence, marking a sharp 15 per cent jump from Rs 6.81 lakh crore last year, as the government sharpens its focus on military modernisation in the post Operation Sindoor security environment.According to official figures, the defence outlay for 2026–27 stands at…
Today, the 2026–27 Union Budget was presented in the Parliament by the Finance Minister Nirmala Sitharaman. It’s a budget that loves travellers as at the heart of the Budget’s travel appeal is a sharp reduction of the Tax Collected at Source (TCS) on overseas tour packages. Yes, this time, the Budget didn’t just target economic…
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…
Representative image (AI-generated) The government on Sunday has allocated Rs 5,685.56 crore as grants-in-aid to foreign countries in the Union Budget 2026–27. Bhutan emerged as the largest beneficiary, while no funds have been set aside for the strategically important Chabahar Port project in Iran.The Ministry of External Affairs (MEA) has been allotted a total outlay…
File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Sunday laid out the government’s vision for non-banking financial companies (NBFCs) under the Viksit Bharat framework, outlining clear targets for credit expansion and technology adoption as part of the Union Budget exercise.Speaking in the Lok Sabha during her Budget speech, Sitharaman said…
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…
BENGALURU: The Department of Space (DoS) has been allocated Rs 13,705.6 crore for 2026-27, marking a steady rise over the revised estimate of Rs 12,448.6 crore in the current fiscal. The increase is driven largely by higher capital expenditure, signalling a push towards new launch vehicles, satellite infrastructure and upcoming exploration missions .Of the total…
Union Budget 2026: Every year, one of the main components of the Budget presentation is the income tax, as taxpayers keenly watch for changes in the slabs, tax rates and other factors — which may ease their tax burden! However, post Finance Minister Nirmala Sitharaman’s Union Budget speech, the income tax framework remains unchanged from…
