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Finance Minister Nirmala Sitharaman announced in her Union Budget 2026 speech that the Income Tax Act, 2025, passed by Parliament on August 12, 2025, will take effect from April 1, 2026, replacing the six-decade-old 1961 framework.
US President Donald Trump stated on January 31, 2026, that India has agreed in principle to purchase Venezuelan oil instead of Iranian crude, helping replace reduced Russian imports after US tariffs.
Union Budget 2026 outlines a long-term growth roadmap with a strong focus on manufacturing, infrastructure expansion, job creation and regional development. Key announcements include higher capital expenditure, support for strategic sectors such as semiconductors and biopharma, major reforms for SMEs, enhanced funding for energy security, and initiatives spanning education, healthcare, agriculture
Shares of public sector banks fell sharply after the Union Budget 2026 as the Centre announced a record market borrowing plan. Bank of India, Indian Bank, Bank of Maharashtra and Bank of Baroda led the losses within the PSU Bank index. Higher-than-expected borrowing raised fears of rising bond yields, which could trigger treasury losses for state-run lenders, dampening investor sentiment despite s
Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on February 1, 2026, in New Delhi, announcing changes that make essential drugs, electric vehicles, and leather products cheaper through duty reductions. Luxury watches, however, face higher costs.
Budget 2026 simplifies India’s public finance story by breaking it down to just one rupee. The government earns ₹1 mainly through taxes like income tax, corporate tax, and GST, while a significant portion also comes from borrowing. On the spending side, the largest shares go to states, interest payments, defence, and welfare schemes, offering citizens a transparent view of fiscal priorities.
Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, included several announcements targeting Tamil Nadu, a poll-bound state. These focus on critical minerals, tourism, and trekking, high speed railway connectivity.
India’s Union Budget presentation has evolved significantly over time. Until 1998, budgets were presented at 5 PM to align with the British Parliament’s schedule. This colonial-era practice ended in 1999 when Finance Minister Yashwant Sinha shifted the timing to 11 AM for better parliamentary scrutiny. Further reforms included advancing the budget date to February 1, introducing the traditional ba
Starting February 1, 2026, India will implement major updates including the elimination of additional KYC (Know Your Vehicle) checks for FASTag users, mandatory Aadhaar biometric authentication for buyers, sellers, and witnesses during property registrations, Tobacco products price hike.
Silver rates are falling due to a mix of profit booking after a sharp rally, higher trading margins forcing liquidations, and reduced safe-haven demand from easing geopolitical tensions. In Chennai within two days the price of silver has reduced more than 1 lakh rupees per kilogram in the retail market.
