The new Union budget presented by Nirmala Sitharaman on Sunday was crafted against a set of unique circumstances that have emerged in an increasingly turbulent world over the past year. First, in a profound change in fiscal strategy, the finance minister had announced a year ago that she would aim to bring down the burden…
Image used for representative purpose only. | Photo Credit: Reuters Industry body CII on Sunday (February 1, 2026) welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, Odisha stating it would help India’s leadership in rare earth magnets. The Union Budget 2026 proposal towards establishment of Rare…
The precious metals complex continued to nosedive on Monday, with prices in domestic and global markets falling sharply as investors switched back to bonds and currencies from gold and silver. Silver fell by over 10 per cent, gold by 7 per cent, platinum by 8 per cent and palladium by over 7 per cent as…
Finance minister Nirmala Sitharaman delivered her ninth consecutive Union Budget speech on Sunday, at a time when global geo-economic upheavals weigh on India. While each Budget speech reflects the economic context of its moment, its emphasis and vocabulary also shift over time. A slew of words have gained prominence in the latest Budget speech. Along…
Published – February 02, 2026 11:25 am IST Read Comments Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit
FILE PHOTO: Gold rate today. | Photo Credit: Hollie Adams Gold prices in India saw a decrease all key cities. The price for 8 grams of 24-carat gold also dropped in all cities compared with the previous session. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices…
The aviation sector is set to get a boost from a proposal in the budget to do away with basic customs duty on imported components that go into the making of civilian aircraft. “I propose to exempt basic customs duty on components and parts required for the manufacture of civilian, training and other aircrafts,” finance…
The main impetus to manufacturing overall sales came from the domestic market. File (representational image) | Photo Credit: Reuters India’s manufacturing sector activity witnessed a slight recovery in January, amid a faster increase in new orders, even as business confidence slipped to its lowest level in three-and-a-half years, a monthly survey said on Monday (February…
The Union Budget 2026 marks a more deliberate and intent-driven phase in India’s direct tax policy. Instead of headline rate changes, the emphasis is firmly on clarity, simplicity and certainty—along with closer alignment between tax outcomes and economic growth. A key thrust is the resolution of interpretational issues that have historically triggered litigation on procedural…
At the interbank foreign exchange market, the rupee opened at 91.95 against the U.S. dollar, then gained some ground to 91.56, registering a gain of 37 paise over its previous close. File. | Photo Credit: Reuters The rupee gained 37 paise to 91.56 against the U.S. dollar in early trade on Monday (February 2, 2026),…
