Gold witnessed one of its sharpest corrections in decades on Friday, plummeting nearly 16 per cent from record highs above $5,480-$5,626 to trade around $4,745-$4,887 per ounce, as aggressive profit-booking followed the nomination of Kevin Warsh as the next US Federal Reserve Chair. On the Multi Commodity Exchange (MCX), gold retreated from peaks near ₹1,80,000…
Finance Minister Nirmala Sitharaman presented the Union Budget for 2026–27 on Sunday, 1 February, against the backdrop of renewed geo-economic disruptions affecting India. With these pressures likely to spill into the coming financial year, the Budget offers a window into how the government plans to respond to a set of pressing challenges. In this five-part…
Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) presented the Union government’s budget for FY2026. Also read: Union Budget 2026 LIVE updates Borrowings and other liabilities form the largest source of funds for this Budget, accounting for 24% of total inflows, unchanged from the previous year. Income tax is the second-largest contributor at 21%…
Indian gold and silver futures continued to decline on Sunday, when trading was open for the Budget day. At 1245 hours, gold April futures on MCX dropped by ₹5,481 to ₹1,46.864 per 10 gm. Silver March futures plunged by ₹26,125 to ₹2,65,800 a kg. The price fall in the futures market is in line with…
Union finance minister Nirmala Sitharaman, in her Budget 2026 speech, announced a series of customs duty changes aimed at easing input costs, improving export competitiveness, and rationalizing the tariff structure across sectors. Presenting the Union Budget 2026-27, Sitharaman said the government would raise the limit for duty-free imports of specified inputs used for processing seafood…
Finance Minister Nirmala Sitharaman presents the ‘Union Budget 2026-27’ in the Lok Sabha, in New Delhi on February 1, 2026. Photo credit: Sansad TV The Union Finance Minister on Sunday (February 1, 2026) proposed a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs. Ms. Sitharaman was presenting her…
Silver endured extreme volatility on Friday, plunging nearly 40 per cent from record highs above $118-$121 per ounce to around $74-$85, triggering lower circuit limits across all Silver Exchange Traded Funds (ETFs) in India. On the Multi Commodity Exchange (MCX), silver corrected aggressively from peaks near ₹4,20,048 per kilogram to around ₹2,91,000-₹2,91,925. “Due to the…
Union Finance Minister Nirmala Sitharaman on Sunday declared that the Self-Reliant India Fund would receive an additional ₹4,000 crore in fiscal year 2026-27 to bolster micro, small, and medium enterprises (MSMEs). Initially launched in 2023, this fund was designed to provide ₹50,000 crore in equity capital to MSMEs demonstrating the capacity and stability to scale…
After opening the day on a positive note, the 30-share BSE Sensex later fluctuated and quoted 13 points up. File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty gained momentum and were trading higher in morning trade on Sunday ahead of the Budget 2026-27 presentation. After fluctuating in early trade, the 30-share…
Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare-earth corridors. Image used for representative purpose only. | Photo Credit: Reuters Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing…
