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NEW DELHI: Prime Minister Narendra Modi on Sunday hailed the Union Budget 2026 as “historic”, saying it charts a clear roadmap towards achieving the goal of a Viksit Bharat by 2047 and gives fresh momentum to India’s reform journey. He also highlighted the recently signed “mother of all deals” between India and EU in his…
Union Budget 2026 recognises the Indian IT sector as one of the key growth drivers for the country’s economy. Union Finance Minister Nirmala Sitharaman proposed a single category for companies offering IT services in the country. Highlighting India’s position as a global leader in software development services, IT-enabled services, Knowledge Process Outsourcing (KPOs) and contract…
File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Sunday delivered her ninth consecutive Union Budget speech in the Lok Sabha, outlining the government’s fiscal roadmap, policy priorities, and key reforms for 2026‑27. Her address, lasting 1 hour and 25 minutes, covered a wide range of sectors including taxation, infrastructure, financial…
Presenting her ninth consecutive Union Budget on Sunday, Finance Minister Nirmala Sitharaman announced plans to raise the duty-free import limit for specified inputs used in the export of processed seafood products and leather or synthetic footwear. For the processed seafood segment, the limit would be increased from one per cent to three per cent of…
NEW DELHI: Finance minister Nirmala Sitharaman’s Budget 2026 is set to provide a big fillip to India’s bond market, with proposals aimed at improving liquidity, expanding risk-hedging tools and encouraging large municipal bond issuances.The finance minister said the government will introduce a market-making framework for corporate bonds, alongside improved access to funding and derivatives based…
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, while presenting the Union Budget 2026, launched the “India Semiconductor Mission 2.0” to “capitalise on the momentum of the semiconductor mission,” announcing an outlay of Rs 40,000 crore for the initiative.She said India’s Semiconductor Mission 1.0 had expanded the country’s semiconductor sector capabilities. Building on this, the government will launch ISM…
NEW DELHI: The Union Budget 2026 introduced a structured three-Kartavya framework to accelerate economic growth, fulfill citizen aspirations, and ensure universal access to resources. “This three-part approach aims to strengthen inclusivity and resilience, benefiting farmers, youth, women, disadvantaged groups, and every region through sustained reform momentum,” said Union finance minister Nirmala SitharamanHere are the key…
Gold and silver prices tumbled on Sunday, hitting their lower circuit levels in futures trade, ahead of Union Budget 2026-27 presentation. Gold futures for April 2, 2026, delivery fell Rs 9,140, or 6%, to Rs 1,43,205 per 10 grams, while silver futures for March 5, 2026, delivery dropped Rs 17,515, or 6%, to Rs 2,74,410…
NEW DELHI: Stock markets indices were trading flat in the Sunday’s special trading session ahead of the Union Budget 2026, reflecting cautious investor sentiment.The Nifty 50 was at 25,302 . 05, down around 16 points, while Sensex was up by over 18 points at 82,301.91 , as at 9.35 am.The Bombay Stock Exchange (BSE) and…
