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Union Budget: Govt Brings IT Services Under Single Category

Union Budget: Govt Brings IT Services Under Single Category

Sitharaman also said that safe harbour approvals for IT services will now be processed through an automated, rule-based...

1 Feb 2026 1:10 PM IST

Union Budget: Five Medical Hubs Planned to Promote Tourism

Union Budget: Five Medical Hubs Planned to Promote Tourism

Sitharaman announced three new All India Institutes of Ayurveda to boost research in traditional medicine, highlighting...

1 Feb 2026 1:06 PM IST

FM Extends Tax Exemption on Capital Goods for Lithium-Ion Battery Production

FM Extends Tax Exemption on Capital Goods for Lithium-Ion Battery...

Finance Minister plans to exempt basic customs duty on sodium anti Monet imports for solar glass production, aiding...

1 Feb 2026 12:57 PM IST

Budget Boost: PFC, REC Rally 6% on Restructuring Plan Announcement

Budget Boost: PFC, REC Rally 6% on Restructuring Plan Announcement

This restructuring is part of a larger effort to enhance the capabilities of public sector financial institutions amidst...

1 Feb 2026 12:52 PM IST

FM Proposes Duty-Free Imports of Selected Inputs for Leather Export Sector

FM Proposes Duty-Free Imports of Selected Inputs for Leather Export...

Sitharaman proposes extending leather export timeline from six months to one year to support the struggling sector.

1 Feb 2026 12:45 PM IST

Budget Aims For Stablity, Growth

Budget Aims For Stablity, Growth

Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 with a clear focus on sustaining economic growth,...

1 Feb 2026 12:37 PM IST

MAT Exemption Proposed for Non-Resident Presumptive Taxpayers: FM

MAT Exemption Proposed for Non-Resident Presumptive Taxpayers: FM

Sitharaman raised the safe harbour threshold for IT services from Rs 300 crore to Rs 2,000 crore, significantly...

1 Feb 2026 12:32 PM IST

Deadline for Filing Revised IT Returns Extended From Dec 31 to Mar 31

Deadline for Filing Revised IT Returns Extended From Dec 31 to Mar 31

The government also proposed reduction in TCS rate for pursuing education and medical education under liberalised...

1 Feb 2026 12:25 PM IST

Govt Proposes to Cut Debt-to-GDP Ratio to 55.6% in FY27: Sitharaman

Govt Proposes to Cut Debt-to-GDP Ratio to 55.6% in FY27: Sitharaman

Nirmala Sitharaman confirmed the government will keep a 41% tax devolution formula as per the 16th Finance Commission,...

1 Feb 2026 12:21 PM IST

FM Says Individuals Living Abroad Will Be Allowed to Invest in Listed Indian Firms

FM Says Individuals Living Abroad Will Be Allowed to Invest in Listed...

Union Budget 2026-27 introduces a framework for improved access to funds and derivatives linked to corporate bond...

1 Feb 2026 12:16 PM IST

Govt to Add ₹4,000 Cr to Self Reliant India Fund in FY27 for MSMEs

Govt to Add ₹4,000 Cr to Self Reliant India Fund in FY27 for MSMEs

These schemes are expected to create jobs and promote sustainable practices in the textile industry.

1 Feb 2026 12:11 PM IST

Electronics Manufacturing Outlay to Rise to ₹40,000 Crore in FY27: FM

Electronics Manufacturing Outlay to Rise to ₹40,000 Crore in FY27: FM

The government plans to create three chemical parks to enhance domestic production and decrease import reliance, aiming...

1 Feb 2026 12:00 PM IST