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India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 in a steep hike of 15 per cent over last year’s allocation of Rs 6.81 lakh crore, with its military majorly focusing on boosting combat prowess in the face of increasing security challenges from China and Pakistan. The increase in the defence…
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Budget 2026: Finance Minister Nirmala Sitharaman unveiled Budget 2026 on Sunday, Feb. 1, 2026, and proposed capital gains regime for all shareholders and a new promoter level levy to end tax arbitrage. The move aims to protect minority investors and stop companies from routing payouts through buybacks instead of dividends. The Budget proposes that all buybacks will now…
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Finance Minister Nirmala Sitharaman has announced no changes to the existing income tax slabs while presenting the Union Budget on Feb. 1, 2026. However, the Finance Minister announced some key proposals and changes pertaining to direct taxes including an extension of filing revised income tax returns. “I propose to extend time available for revising returns…
Read More “New Income Tax Slabs? Check Key Takeaways, Details & More” »
Undeclared cryptocurrency assets will now attract a penalty of Rs 200 per day, as per Section 509 of Income Tax Act 2025. Also, a penalty of Rs 50,000 will be levied for furnishing inaccurate particulars and failure to correct such inaccuracy. The new act will come into effect from April 1, 2026 onwards, replacing the existing…
Ambulances line up to enter the Egyptian gate of the Rafah crossing on the way to the Gaza Strip, in Rafah, Egypt, Sunday, Feb. 1, 2026. | Photo Credit: AP Gaza’s main border crossing in Rafah will reopen for Palestinians on Monday (February 2, 2026), Israel said, with preparations underway at the war-ravaged enclave’s main…
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Security personnel cordon off a road leading to the blast site in Quetta on February 1, 2026, a day after an attack by Baloch separatists. | Photo Credit: AFP Pakistan’s security forces killed 145 militants over 40 hours after coordinated attacks across Balochistan, the chief minister of the southwestern province said on Sunday (February 1,…
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Ministry of External Affairs Spokesperson Randhir Jaiswal. File | Photo Credit: PTI India on Sunday (February 1, 2026) categorically rejected as baseless Pakistan’s allegations of an Indian hand in attempts to disturb peace in Balochistan, and said it is Islamabad’s usual tactics to deflect attention from its “internal failings”. External Affairs Ministry spokesperson Randhir Jaiswal,…
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Israel said on Sunday (February 1, 2026) it was terminating the humanitarian operations of Doctors Without Borders (MSF) in Gaza after the international medical charity failed to provide a list of its Palestinian staff. In December, Israel announced it would prevent 37 aid organisations, including MSF, from working in Gaza from March 1 for failing…
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