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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…
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….
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…
Read More “Budget 2026: Labour-intensive textile sector sees almost 25% jump in funds allocation” »
Image used for representative purpose only. | Photo Credit: Reuters Industry body CII on Sunday (February 1, 2026) welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, Odisha stating it would help India’s leadership in rare earth magnets. The Union Budget 2026 proposal towards establishment of Rare…
Read More “Dedicated rare earth corridors in TN, Kerala, would promote mining: CII” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The total budget allocation for the Department of Space has seen a marginal increase compared to 2026-2027 but a double-digit jump compared to actual revised spending. Importantly, while the allocation of ₹13,705.63 crore represents a modest growth of 2.16% from 2025-2026, there is a…
Read More “Union Budget 2026: push for technology, planetary science in space programme” »
Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare-earth corridors. Image used for representative purpose only. | Photo Credit: Reuters Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing…
Congress leader Jairam Ramesh says States would be watching the Budget closely for signals on how the Centre intends to address issues like the approach to fiscal devolution. File | Photo Credit: The Hindu Ahead of the Union Budget for 2026-27 and the forthcoming Parliament session, the Congress on Monday (January 12, 2026) flagged concerns…
Read More “Congress raises fiscal federalism, inequality concerns ahead of Budget” »