The Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY NRLM), an understated program of the Ministry of Rural Development has unleashed a silent revolution in rural India. Around 10 crore households have been mobilised into 91 lakh Self-Help Groups (SHGs) which have been further federated into 5.35 lakh Village Organisations (VOs) and 33,558 Cluster-Level Federations…
India-US trade deal unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the India-U.S. trade deal unlocks the power of two large democracies working together for the shared prosperity of their people, and the bilateral partnership will co-create technologies and co-develop solutions. He…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Finance Minister Nirmala Sitharaman, on Sunday (February 1, 2026), called to reduce the tax collected on source (TCS) for pursuing education and medical purposes under the liberalised remittance scheme (LRS) from the present 5% to 2%. Further, she called to reduce the TCS on…
Congress general secretary (Communications) Jairam Ramesh. | Photo Credit: PTI The Congress on Sunday (February 1, 2026) said the Union Budget was “totally lacklustre” and fell woefully short of the hype that was generated around it. Finance Minister Nirmala Sitharaman presented her ninth budget speech. Congress general secretary, Communications, Jairam Ramesh said the budget speech…
The government is targeting the skilling of workforce in tier-II and tier-III cities, with a focus on labour-intensive sectors such as textiles, small-scale enterprises, tourism and medical tourism, finance minister Nirmala Sitharaman said in her budget speech on Sunday. A high-level committee will be set up to examine skill gaps across industries, assess the impact…
At present, units in SEZs are allowed to sell their products in the Domestic Tariff Area (DTA or domestic market) on payment of duties on an output basis (finished goods). Image used for representative purpose only. | Photo Credit: Bijoy Ghosh Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) proposed a special one-time measure…
The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), the bond market regulators in India, and the government have been taking various steps to strengthen the country’s bond market. In continuation of these steps, Finance Minister Nirmala Sitharaman announced new measures in the Union Budget 2026 to strengthen the…
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2026 in Lok Sabha during the Budget Session, in New Delhi on Sunday. Photo: Sansad TV via ANI. Union Budget 2026-27 The Government will set up five university townships in the vicinity of major industrial logistics centres, Union Finance Minister Nirmala Sitharaman announced on Sunday (February…
Amid a fragile global environment marked by geopolitical tensions, trade fragmentation and financial vulnerabilities, India’s path to progress in FY26 has been commendable. The Economic Survey 2025–26 reaffirms India’s position as the fastest-growing major economy, projecting real GDP growth at 7.4% in FY26 and 6.8–7.2% in FY27. This strong performance is driven, inter alia, by…
In her previous Budget in February 2025, Ms. Sitharaman had also outlined an alternate path to fiscal consolidation by focussing on the Centre’s debt-to-GDP ratio and reducing it to 50% (with leeway of 1% above and below) by March 2031. | Photo Credit: Getty Images/iStockphoto The Centre’s fiscal deficit, which is broadly the amount by…
