Removal Of Basic Customs Duty Of 5-11% To Lower Prices Of 17 Expensive Treatments Prices of 17 expensive cancer medicines, including Ribociclib and Venetoclax, and of seven rare disease drugs, like primary hyperoxaluria and cystinosis, are expected to dip after removal of basic customs duty in the Budget. This would lead to lowering of landed…
Finance minister Nirmala Sitharaman(left) with MoS for Finance Pankaj Chaudhary. (PTI) NEW DELHI: Finance minister Nirmala Sitharaman not only chose to retain the Centre’s focus on capital expenditure, but also announced that at 4.4% of GDP it had hit the highest level in at least a decade. In her ninth consecutive budget speech, she proposed…
By Thomas V Abraham, Research Analyst, Mirae Asset ShareKhanIndia’s stock markets kicked off the special Sunday session on a flat-to-positive note, with Sensex touching an intraday peak near 82,726 and Nifty nearing 25,357. However, sentiment soured quickly after Budget 2026 announcements, dragging indices into the red amid targeted tax hikes and unmet expectations.Key triggers for…
NEW DELHI: The Union Budget 2026 has set aside Rs 7.85 lakh crore for defence, marking a sharp 15 per cent jump from Rs 6.81 lakh crore last year, as the government sharpens its focus on military modernisation in the post Operation Sindoor security environment.According to official figures, the defence outlay for 2026–27 stands at…
Photo credit: PTI Union finance minister Nirmala Sitharaman today presented the Union Budget for the Financial Year (FY) 2026-27. The announcements includes significant measures for accelerating the growth of India’s Electronics and Information Technology Sector. In a major push to attract global data centre investments, the government has proposed a 20-year tax holiday for foreign…
In the Union Budget 2026, the Section 87A tax rebate, given in Income Tax,remain unchanged, disappointing taxpayers who had hoped for an increase to boost consumption and ease the burden on middle-income individuals. Thus, like for FY 2025-26, under the new tax regime, resident individuals with net taxable income up to Rs 12 lakh can…
Union finance minister Nirmala Sitharaman on Sunday announced a tax holiday till 2047 for foreign companies providing cloud services globally using data centres located in India, signalling a major push to strengthen the country’s digital infrastructure.Presenting the Union Budget for FY 2026-27 Sitharaman said, “I propose to provide tax holiday till 2047 to any foreign…
NEW DELHI: The Union Budget 2026 announced the launch of a new initiative in the name of Mahatma Gandhi days after it came under flak for its decision to change the name of MNREGA (Mahatma Gandhi Rural Employment Guarantee Act) to VB-G RAM G (Viksit Bharat Guarantee for Employment and Livelihood Mission (Rural) Bill).The Union…
Union finance minister Nirmala Sitharaman on Sunday proposed the establishment of dedicated rare earth corridors in Odisha, Andhra Pradesh, Tamil Nadu and Kerala as part of the Union Budget for 2026–27, aiming to reduce India’s dependence on imports and strengthen domestic capabilities in critical minerals.Presenting the Budget in Parliament, Sitharaman said the Centre would “support…
Finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on February 1, marking a rare Sunday sitting and a first in independent India’s history. The Union Budget for FY27 (April 2026–March 2027) is expected to outline measures to sustain growth momentum, maintain fiscal discipline and push reforms…