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In a clear push to turn the country into a major player in global electronics production, the central government has almost doubled funding for the Electronics Components Manufacturing Scheme (ECMS), raising it from Rs 22,000 crore to Rs 40,000 crore in the Union Budget 2026-27. The hike underscores the broader strategy laid out in the…
New Delhi: Union Budget 2026–27 kept a “long‑term vision at the forefront” by increasing capital expenditure and improving the expenditure mix, a report said on Monday. The report from Crisil Intelligence said the focus is shifting to the long term—with reforms, improving ease of doing business, and inclusive growth getting centre stage. Immediately after the…
Date 1 October 2004. The then Finance Minister P. Chidambaram removed the Long Term Capital Gains (LTCG) tax on stock market profits. In lieu of this he introduced Securities Transaction Tax (STT). The logic was simple – leave tax on profits, tax every transaction. Everything went well for 14 years, but in the 2018 budget,…
Apple Tax Exemption: In Budget 2026, Finance Minister Nirmala Sitharaman has announced a major policy relief for global electronics companies, including Tim Cook-led Apple. The government will now allow foreign firms to supply machinery to their Indian contract manufacturers for up to five years without facing any tax liability. This move offers significant tax relief…
Mumbai: Lower revenue as a share of GDP has been more than offset by cuts to subsidies and spending on current schemes, leading to the smallest fiscal consolidation in six years, likely positive for growth, a new report has said. The fiscal consolidation for FY27 is the slowest in six years. And the budgeted disinvestment,…
New Delhi: India’s automobile industry has broadly welcomed the Union Budget 2026-27, calling it a growth-oriented roadmap with a clear push for manufacturing, localisation and clean mobility. According to senior executives of major automobile companies, higher capital expenditure and targeted incentives for EVs, semiconductors and critical minerals could strengthen demand and supply chains. Tarun Garg…
Finance Minister Nirmala Sitharaman, in an interaction with students following the presentation of Union Budget 2026-27, highlighted the steps taken by the government for the preparation of the financial document. She pointed out that national defence is one area that cannot be compromised by the government. The entire process of preparing the Budget involves massive…
New Delhi7 minutes ago copy link Finance Minister Nirmala Sitharaman on Sunday presented the Central Government’s budget for the year 2026-27. Many announcements were made in the budget to promote tourism. According to the announcement of the Finance Minister, the infrastructure of 50 cities of the country will be prepared for international tourists on the…
The market’s negative reaction to budget is no indicator about the outcome of the budget, Sanjeev Sanyal Economic Advisor to Prime Minister Narendra Modi, told NDTV today in an exclusive interview. The markets had dropped on Sunday soon after Union finance minister Nirmala Sitharaman presented her ninth consecutive budget — a situation that was interpreted…
Last Updated:February 01, 2026, 23:43 IST The government said the funds will support a range of infrastructure and modernisation initiatives, including the upgradation of CBI training centres. Representative image The Central Bureau of Investigation (CBI) has been allocated nearly Rs 1,105 crore in the Union Budget 2026-27, marking an increase of about Rs 46 crore…