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The Union Budget’s proposal to consolidate various IT service segments under a unified tax framework with an expanded safe harbour limit marks a strategic pivot towards a trust-based tax regime, aimed at significantly reducing transfer pricing disputes and compliance friction for multinational corporations, say experts. Industry experts believe the move to automate approvals and offer…
The VB–G RAM G Act replaces the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005. File | Photo Credit: The Hindu The budget for rural employment schemes saw a 43% hike, with allocation of ₹95,692.31 crore to the new rural employment scheme under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB–G RAM G)…
The NSE Nifty 50 ended 495.20 points or 1.96% lower at 24,825.45, posting its worst Budget day since 2020. Source link
Union Finance Minister Nirmala Sitharaman in a group picture with youngsters during the Youth Dialogue on Budget 2026, in New Delhi on February 1, 2026. Picture: X/@nsitharamanoffc via ANI. Union Finance Minister Nirmala Sitharaman, on Sunday (February 1, 2026), interacted with 30 university students who witnessed the session live in Parliament from the Lok Sabha…
The high-speed rail corridors will reduce travel time between Chennai to Bengaluru to 1.5 hours, Bengaluru to Hyderabad to 2 hours, Hyderabad to Chennai to 2 hours and 55 minutes. | Photo Credit: Getty Images/iStockphoto Finance Minister Nirmala Sitharaman, during her Budget speech, announced seven high-speed rail corridors, which will connect five South Indian states among others,…
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Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto During her Union Budget presentation on Sunday (February 1, 2026), Finance Minister Nirmala Sitharaman informed that the new Income Tax, 2025, would come into effect in April this year, with the forms and rules to be notified “shortly” provisioning “adequate time” for taxpayers to acquaint themselves with the requirements. …
Read More “New Income Tax Act will come into effect on April 1, 2026: FM Sitharaman” »
Duties on umbrella parts, trimmings, and accessories will go up to 20% from 11%, or ₹25 per kg, raising the cost for domestic assemblers using imported inputs. | Photo Credit: Getty Images/iStockphotos The Union Budget has removed Basic Customs Duty on quite a range of products but also raised the duty on some. It…
Chief Minister Pinarayi Vijayan at an event in Kochi on February 1, 2026. | Photo Credit: Thulasi Kakkat With Kerala getting barely a mention in the Union Budget 2026-27, political leaders from across the spectrum lashed out at the National Democratic Alliance (NDA) government for ignoring almost all the long-standing demands of the State. While…
Illustration related to the Union Budget 2026-27 | Photo Credit: The Hindu While acknowledging the strains created by the external global environment, Union Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) presented Budget 2026, with the aim to increase productivity across sectors and ensuring employment generation. Presenting her record ninth consecutive Union Budget, Ms….
It is usual for defence allocation to rise sharply in the Budget that follows a security challenge. It has been the case this year too, in the shadow of Operation Sindoor. The overall increase was more than 15% over the previous year (₹6.81 lakh crore to ₹7.84 lakh crore), with the capital outlay surging by…
Read More “India’s defence budget: A case for higher allocation” »