All India Trade Union Congress leader Amarjeet Kaur said the Budget was full of rhetoric with no substance for the common masses, only future promises. | Photo Credit: Getty Images/iStockphoto The allocation for the Union Labour Ministry remained unchanged at around ₹32,666 crore like the last Budget. Trade unions alleged that the government neglected the…
In a major relief to taxpayers holding foreign assets, Budget 2026 has proposed a one-time six-month window for taxpayers to voluntarily declare any undisclosed foreign assets or foreign-sourced income and obtain amnesty from prosecution under the Black Money Act (BMA). Under tax laws, all foreign assets must be disclosed annually in the FA Schedule of…
Finance Minister Nirmala Sitharaman introduced major changes in the way securities, shares and investments are taxed in the Union Budget 2026-27. The Budget increases the tax on derivative trades. What is the net effect of a Securities Transaction Tax (STT) raise on derivative contract on retail investors and brokers? Will the intended effect pan out?…
While acknowledging the strains created by the external global environment, Union Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) presented Budget 2026, with the aim to increase productivity across sectors and ensure employment generation. Union Budget 2026: Follow the highlights from February 1, 2026 Presenting her record ninth consecutive Union Budget, Ms. Sitharaman said…
To streamline the tax benefits of the Sovereign Gold Bond or SGBs, budget 2026 has proposed an amendment that restricts capital gains tax exemptions only to original subscribers. This change effectively ends the tax-free status for secondary buyers or those who purchase SGBs from the stock exchange or from other investors after the initial allotment….
Union Budget 2026-27 The Indian space program has moved out of its post-pandemic slump and is entering a phase of sustained, if also cautious, consolidation. Since 2012-2013, the national space budget has grown by 182%. This sounds massive but most of the growth actually happened in the last decade, especially between 2014 and 2019. Allocations…
NEW DELHI: The government on Sunday proposed creating a secondary market for MSME invoices by allowing these receivables to be packaged as asset-backed securities. This is among a slew of reforms to the Reserve Bank of India–run Trade Receivables Discounting System (TReDS). Presenting the Union Budget for 2026-27, finance minister Nirmala Sitharaman proposed to “introduce…
New Delhi, Feb 01 (ANI): Union Finance Minister Nirmala Sitharaman presents the Union Budget 2026. | Photo Credit: ANI Several farmer organisations in Tamil Nadu on Sunday said the Union Budget 2026–27 did not sufficiently address issues faced by the agriculture sector, including rural distress, rising input costs and climate-related challenges. The Tamil Nadu Farmers’…
The Union budget has doubled the tax holiday for companies operating from the International Financial Services Centre (IFSC) in Gujarat and reduced the tax they have to pay after the break, bringing relief and tax certainty to entities operating from the global financial hub. Entities in IFSC can now enjoy tax-free operations for a total…
Union Finance Minister Nirmala Sitharaman | Photo Credit: AP Congress party in-charge for Vijayawada Parliamentary constituency Valluru Bhargav said the Union Budget presented on Sunday projected a narrative of growth, while failing to address the employment issue, which was the country’s most pressing matter. Follow | Budget 2026 LIVE In a statement, Mr. Bhargav said,…
