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…
Published – February 02, 2026 11:25 am IST Read Comments Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit
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…
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),…
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…
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…
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,…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto During her Union Budget presentation on Sunday (February 1, 2026), Finance Minister Nirmala Sitharaman informed that the new Income Tax, 2025, would come into effect in April this year, with the forms and rules to be notified “shortly” provisioning “adequate time” for taxpayers to acquaint themselves with the requirements. …
Finance Minister Nirmala Sitharaman, right, addresses a press conference after presenting the Union Budget 2026-27, in New Delhi, Sunday, Feb. 1, 2026. Minister of State for Finance Pankaj Chaudhary is also seen. | Photo Credit: PTI The Ministry of Home Affairs (MHA) has seen an increase of 9.44% in the total allocation in the Union…
Where Budget 2025 was largely dominated by the income-tax rate and slab relaxations, Budget 2026 has done away with Big Bang measures. Instead, its scattershot approach, through various sectoral and issue-based measures, when taken together, is aimed at propelling India’s growth over the medium term. Given the level of geoeconomic and geopolitical uncertainties that the…
