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Union finance minister Nirmala Sitharaman on Sunday announced a nearly 9 per cent increase in capital expenditure, raising the allocation to Rs 12.2 lakh crore for FY 2026-27, as the government doubled down on infrastructure-led growth under its “future-ready Bharat” push.Presenting the Union Budget in Parliament, Sitharaman said the higher allocation was aimed at sustaining…
US president Donald Trump announced on Monday that he is raising tariffs on South Korean imports of autos, lumber and pharmaceuticals to 25 per cent, accusing the ally’s legislature of failing to uphold its trade agreement with the United States.Trump added that South Korea’s legislature has not approved the trade deal he and President Lee…
Haryana Chief Minister Nayab Singh Saini on Saturday urged the Centre to step up allocations for the state’s rural and urban infrastructure, agriculture and allied sectors in the Union Budget for FY27, citing growing development needs and the state’s proximity to the national capital, PTI reported.Saini, who also holds the finance portfolio, raised the demands…
MUMBAI/KOLKATA: Several brokerages downgraded ITC and cut their target price for its stock by up to 26% on the back of a proposed sharp hike in taxes on tobacco products. These cuts came even as analysts and brokers awaited the finer details of the govt’s proposed tax changes, effective Feb 1.Analysts at brokerage houses expect…
NEW DELHI: In a move expected to significantly widen access to free healthcare for low-income families, Delhi govt raised the annual income ceiling for economically weaker section (EWS) patients entitled to free treatment in identified private hospitals in the city from Rs 2.20 lakh to Rs 5 lakh. The revised eligibility norm was notified by…
File photo (Picture credit: AP) TOKYO: The Bank of Japan hiked interest rates to a 30-year high of 0.75 per cent on Friday, the first increase since January, as it said the economy had shown signs of improvement.The unanimous vote to lift the main borrowing rate from 0.5 per cent came hours after official data…
NEW DELHI: In every organisation, be it government or private, increment in an employee’s salary is an annual affair. Not in Supreme Court, where CJIs, on the eve of retirement and irrespective of length of tenure, used discretionary powers to sanction multiple increments to a select few employees.Those who had been Chief Justice of India…
The Centre government on Friday approved higher Minimum Support Prices (MSP) for copra for the 2026 season, in line with the government’s policy of fixing MSPs at least 1.5 times the all-India weighted average cost of production.The MSP for Fair Average Quality milling copra has been set at Rs 12,027 per quintal, while ball copra…
The US trade deficit has unexpectedly narrowed to its smallest level since 2020 as President Donald Trump’s sweeping tariff hikes altered import behaviour, according to delayed Commerce Department data released on Thursday.The deficit fell 10.9% to $52.8 billion in September, even as exports rose 3% to $289.3 billion and imports edged up 0.6% to $342.1…
Microsoft shareholders gave the thumbs up to CEO Satya Nadella’s hefty 22% pay raise, even though Norway’s massive $2 trillion sovereign wealth fund wasn’t on board. This fund, which also questioned Elon Musk’s pay, voiced worries about how executives are compensated, their locked-in stock, and the risks tied to key individuals. Microsoft CEO Satya Nadella’s…
