Category: Business

Business

Union Budget 2026: ₹20,000 crore earmarked for carbon capture, storage scheme

February 1, 2026 admin

A screegrab of Finance Minister Nirmala Sitharaman presenting the ‘Union Budget 2026-27’ in the Lok Sabha, in New Delhi, on February 1, 2026. Photo Credit: Sansad TV via PTI Union Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) earmarked ₹20,000 crore in the Budget towards Carbon Capture Utilisation and Storage (CCUS) – a nascent,…

Business

Budget 2026: Labour-intensive textile sector sees almost 25% jump in funds allocation

February 1, 2026 admin

Image used for representational purposes. File | Photo Credit: The Hindu The labour-intensive textile and apparel sector and the Micro, Small and Medium-scale Enterprises (MSMEs) that were impacted by the geo political developments during the last couple of years got a boost from the Union Budget presented on Sunday (February 1, 2026) with new schemes…

Business

Sitharaman Explains Budget Priorities To Students

February 1, 2026 admin

Finance Minister Nirmala Sitharaman, in an interaction with students following the presentation of Union Budget 2026-27, highlighted the steps taken by the government for the preparation of the financial document. She pointed out that national defence is one area that cannot be compromised by the government. The entire process of preparing the Budget involves massive…

Business

Karnataka Gains Most, While Madhya Pradesh Sees Least Benefits From 16th Finance Commission Formula

February 1, 2026 admin

Karnataka resulted in benefiting the most while Madhya Pradesh stood to gain the least from the 16th Finance Commision’s horizontal devolution formula. As per the new formula, Karnataka’s share in the Centre’s tax devolution was increased to 4.13% for 2026–31, compared to 3.65% under the 15th Finance Commission. This would imply an additional Rs 7,387…

Business

Budget 2026: Over 9% rise in Home Ministry budget; Intelligence Bureau sees enhanced allocation

February 1, 2026 admin

Finance Minister Nirmala Sitharaman, right, addresses a press conference after presenting the Union Budget 2026-27, in New Delhi, Sunday, Feb. 1, 2026. Minister of State for Finance Pankaj Chaudhary is also seen. | Photo Credit: PTI The Ministry of Home Affairs (MHA) has seen an increase of 9.44% in the total allocation in the Union…

Business

Pakistan To Boycott T20 World Cup Match Against India

February 1, 2026 admin

The Pakistan cricket team will be boycotting its T20 World Cup international match against India, according to a statement issued by the country’s government on Sunday. The match was scheduled to take place on Feb. 15 in Sri Lanka. In a statement posted on its verified social media handle, the government of Pakistan said it…

Business

Budget’s Focus On Mental Health, Cheaper Cancer Medicines Gets Thumbs Up From Doctors

February 1, 2026 admin

From mental health infrastructure and regional medical hubs to biopharma manufacturing, caregiver training and cheaper cancer medicines, Delhi-based doctors and healthcare leaders on Sunday welcomed the measures listed in Union Budget 2026-27. They said these will strengthen access, affordability and long-term capacity in the healthcare system. The Union Budget has raised allocation for the healthcare…

Business

Centre Announces One-Time Measure To Allow Special Economic Zone Units To Sell Goods In Domestic Market At Concessional Duty

February 1, 2026 admin

The government on Sunday announced that one-time measure to allow special economic zone units to sell their goods in the domestic market at concessional import duty rates, subject to certain quantitative restrictions. It was a long-pending demand of these zones as they were not able to push exports of their excess production due to global…

Business

Government Expects Rs 3.16 Lakh Crore In RBI, Bank Dividends For 2026-27

February 1, 2026 admin

The Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27, up about 3.75 per cent over the current fiscal. During the current fiscal year, as per the Revised Estimate (RE) presented in Parliament, the central government is expected to get about…

Business

Nifty Short-Term Volatility To Continue, Key Support Lies At 24,500-24,300

February 1, 2026 admin

The Indian equity benchmarks had a roller coaster special session on budget day, but ended the day in red. Analysts expect short-term volatiliy to persist in the indices. “On daily charts, it has formed a long bearish candle, and it is currently trading below the 200-day SMA (Simple Moving Average), which is largely negative,” said Shrikant…

Business