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…
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…
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…
Each year, the Union Budget draws the nation’s attention as it defines the country’s economic direction for the new financial year. As Finance Minister wields the fiscal scalpel, focussed on tax rates, rebalancing expenditure, and setting priorities, every Indian household, business and policymaker watches keenly to understand what they will gain or lose.Past budgets have…
Sitharaman said the bill proposes crucial reforms based on steps such as track-and-trace system. NEW DELHI: Rajya Sabha on Tuesday returned to Lok Sabha the Manipur GST bill, which replaces an ordinance to implem-ent GST reforms in the state, with finance minister Nirmala Sitharaman asserting that the bill will benefit people and businesses. She also…