Business

02

Feb

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Business

Aircraft, warships and pensions: How Rs 7.84 lakh crore defence budget will be spent | Explained

Defence Minister Singh described modernisation as the most important feature of the budget. He said nearly Rs 1.85 lakh crore has been earmarked specifically for upgrading the Army, Navy and Air Force, which is about 24 per cent higher than the previous year. New Delhi: India has significantly increased its defence budget for the financial year 2026–27, allocating Rs 7.84 lakh crore to strengthen the armed forces and boost military modernisation. The new allocation marks a 15 per cent rise compared to the Rs 6.81 lakh crore provided in the current financial year. The government said the higher outlay reflects…

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02

Feb

By The Press Editor

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Business

Budget 2026: Take a sneak peek into Nirmala Sitharaman’s announcements through graphics

Sitharaman also announced a series of tax-related proposals in the Union Budget 2026 aimed at improving ease of living, simplifying compliance, and providing relief to common taxpayers. New Delhi: Finance Minister Nirmala Sitharaman on Sunday made history as she presented a record ninth consecutive Budget. In the Union Budget 2026-27, she proposed Rs 10,000 crore investment in the biopharma sector over the next five years, a move which would give a boost to the country's pharmaceuticals industry. She also announced a series of tax-related proposals in the Union Budget 2026 aimed at improving ease of living, simplifying compliance, and providing…

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02

Feb

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Business

Budget 2026: Which ministry tops list with highest allocation, which ministry gets lowest, Check full list

Budget allocation for the AYUSH ministry saw 20 per cent increase, from Rs 3,671.82 crore (revised estimates) in FY 2025-26 to Rs 4,408.93 crore in FY 2026-27. New Delhi: Union Finance Minister Nirmala Sitharaman tabled the Union Budget 2026-27 in the parliament today. A total of Rs 50 lakh crore has been allocated to all the ministries. Out of this, the Union Housing and Urban Affairs Ministry has been allocated Rs 85,522.39 crore in the Union Budget, with the PM SVANidhi scheme for street vendors receiving Rs 900 crore, a 57 per cent hike over 2025-26. Also, the Information and…

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02

Feb

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Business

Gold drops Rs 4,000, silver crashes Rs 16,000 as prices fall for third straight day

Gold and silver prices are seeing a sharp decline in the international market. Around 10 am on Monday, gold prices were trading at $4689.43 per ounce, a drop of 4.20 percent (approximately $206). New Delhi: Gold and silver prices continued their sharp downward trend for the third consecutive day on Monday, weighed down by heavy profit booking by investors, which has put significant pressure on precious metal prices. On the Multi Commodity Exchange (MCX), gold for April 2 delivery was trading at Rs 1,38,256 per 10 grams, down nearly 3 per cent, or about Rs 4,000. Meanwhile, silver for March…

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29

Jan

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Business

Budget 2026: Govt likely to reintroduce railway ticket concessions for senior citizens

Union Budget 2026: The Union Budget 2026 is not expected to be limited to new economic proposals and tax benefits alone. Senior citizens may also have a reason to cheer, as there is a strong possibility of the Indian Railways restoring concessions on train tickets for elderly passengers. New Delhi: As Budget 2026 approaches, hopes of relief for senior citizens are gaining momentum. According to sources, the Indian Railways is considering the revival of the long-standing senior citizen concession, which was suspended in March 2020 due to the COVID-19 pandemic. Discussions are reportedly underway between the Ministry of Finance and…

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29

Jan

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Business

Kerala Budget: State announces 12th pay revision commission for welfare of govt employees

Kerala Budget: The 12th Pay Revision Commission is expected to submit its report within three months for timely action. The budget also confirmed that all pending Dearness Allowance (DA) and Dearness Relief (DR) arrears for employees and pensioners will be cleared. Thiruvananthapuram: For the welfare of the government, state Finance Minister K N Balagopal on Thursday unveiled a people-focused budget for 2026-27 and announced the 12th Pay Revision Commission, continuing the long-standing policy of reviewing government employees' salaries every five years. 12th Pay Revision Commission to submit report within 3 months The 12th Pay Revision Commission is expected to…

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29

Jan

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Business

Infra stock under Rs 100 surges over 4% as board to consider listing on National Stock Exchange: Details

Technically the stock is trading higher than the 50-day, 100-day and 200-day moving averages but lower than the 5-day and 20-day moving averages. It has a 52-week high of Rs 91.89 and a 52-week low of Rs 35. Mumbai: Shares of RDB Infrastructure and Power Ltd are in focus as the company has informed exchanges that its board will meet on February 3, 2026, to formally consider and approve a proposal for listing the company’s equity shares on the National Stock Exchange (NSE). Following this update, the stock opened gap up with a jump of 4.54 per cent at Rs…

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29

Jan

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Budget 2026: Major customs overhaul likely as government plans easier TDS and tax relief

Budget 2026 is expected to introduce major reforms including a GST-like overhaul of Customs Duty, simplified TDS rules and potential increases in standard deduction. Multiple sectors, including defence, MSMEs and critical minerals, may see special allocations. New Delhi: As Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on 1 February, expectations are high that the government will introduce a significant revamp of the customs duty structure, similar to the Goods and Services Tax (GST) model. In the backdrop of global geopolitical uncertainty, the focus is likely to remain on boosting economic momentum while strengthening India’s…

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29

Jan

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Employment conditions improved since launch of Periodic Labour Force Survey: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said that growth is being supported by strong domestic fundamentals, including consumption and investment. New Delhi: Chief Economic Advisor, V Anantha Nageswaran, on Thursday said India's employment conditions have improved since the launch of the Periodic Labour Force Survey (PLFS). Nageswaran said that unemployment rate has declined from 6 per cent then to 3.2 per cent in 2023–24.  "The PLFS earlier followed a July-to-June cycle and is now shifting to a calendar-year-based cycle. Therefore, data for 2025 will be released sometime in March, which is why we are showing the 2023–24 data. Female labour…

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29

Jan

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Business

Budget 2026: 10 facts about the Union Budget you should know

Finance Minister Nirmala Sitharaman will present a record ninth consecutive budget on February 1. This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime Minister Morarji Desai. New Delhi: Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on Sunday, i.e. February 1, 2026. Ahead of that, Sitharaman today tabled the Economic Survey of India in Parliament. Sitharaman will be presenting a record ninth consecutive Union Budget, marking a significant milestone in India's parliamentary and economic history. Ahead of the Budget, here are some facts that you should know. Halwa Ceremony: The…

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