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),…
The budget 2026-27 allocated funds to allied farm sectors such as high-value crops, livestock, and fisheries to promote crop diversification and improve farm incomes. Yet, these were paltry outlays. There was little for farmers battling a crash in crop prices and incomes, and funds for agri research were slashed amid growing climate risks and a…
Image used for representative purpose only. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty rebounded in early trade on Monday (February 2, 2026) driven by value-buying in blue-chip firms, after facing massive drubbing on the Budget day. The 30-share BSE Sensex climbed 302 points to 81,024.94 during initial trade. The 50-share NSE…
Biopharmaceuticals, or biologics, are complex medicines manufactured from living organisms, cells, or tissues rather than through chemical synthesis. File | Photo Credit: Getty Images/iStockphoto Union Budget 2026-27 has proposed a biopharma strategy for healthcare advancement through knowledge, technology and innovation with an outlay of ₹10,000 crore over the next five years to develop India as…
Five states scheduled to go for Assembly elections this year are expected to gain from several region- and sector-linked initiatives in manufacturing, infrastructure and agriculture, even though the Union Budget did not make explicit state-wise proposals for them. Finance minister Nirmala Sitharaman framed the measures as part of a nationally applied development strategy, with schemes…
Prime Minister Narendra Modi addresses the nation as he gives his remarks on the Union Budget 2026-27, in New Delhi on February 1, 2026. Photo credits: YouTube/@NarendraModi/YT via PTI Photo Prime Minister Narendra Modi on Sunday (February 1, 2026) said that the Budget 2026 captured the aspirations of 140 crore Indians, laying a strong foundation…
Reacting to India’s Budget for 2026-27, Moody’s Ratings described it as “tactical” but not a “breakthrough.” Finance Minister Nirmala Sitharaman presented her ninth consecutive Budget, outlining the government’s economic roadmap for the next financial year. Planned fiscal consolidation, which will bring the budget gap to 4.3% from 4.4% in the current year, will not change…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Eschewing big-ticket announcements, Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) resorted to a series of customs duty exemptions in the Union Budget to encourage domestic manufacturers of clean-energy components, including lithium-ion batteries and solar cells. The basic customs duty on sodium antimonate,…
