Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Foreign Portfolio Investors (FPIs) remained in a selling mode in January, withdrawing nearly ₹36,000 crore (about $3.97 billion) as global uncertainties persisted. Meanwhile, a higher securities transaction tax (STT) proposed in the Union Budget may weigh on overseas investor participation in the near future. The…
Finance Minister Nirmala Sitharaman defended the new taxation rules for Sovereign Gold Bonds (SGBs) and the hike in Securities Transaction Tax (STT) on futures and options. | Photo Credit: R V Moorthy / The Hindu Finance Minister Nirmala Sitharaman firmly defended the new taxation regime for Sovereign Gold Bonds and the increased Securities Transaction Tax…
Govt’s ₹60k-cr extra telecom receipt aim dims Airtel’s AGR relief chance ₹60,000 crore is going to come from for the communications ministry, as it has already shown an earning of about ₹80,000 crore as of December end from sources such as licence fee from private telecom operators.”/> …
Stock markets rebounded on Monday (February 2, 2026) with benchmark Sensex jumping by 943 points on value buying in blue-chip oil & gas, banking and auto shares after facing a massive drubbing on the Budget day. The 30-share BSE Sensex rallied 943.52 points or 1.17%, to settle at 81,666.46. During the day, it surged 1,009.31…
File photo of Union Finance Minister Nirmala Sitharaman. | Photo Credit: R.V. Moorthy Finance Minister Nirmala Sitharaman on Monday (February 2, 2026) said the Union Budget for FY27 has focussed on investment as a priority tool for boosting consumption, and the trajectory of fiscal deficit shows that the government’s priority is growth. Interacting with the…
Gold and silver prices traded in a volatile range on Monday as markets digested last week’s sharp correction, with both metals holding above key support levels despite continued pressure from a stronger US dollar and higher Treasury yields. COMEX gold traded near $4,580-$4,700, down from highs above $4,900, while MCX gold futures hovered in the…
The STT on futures was increased in Budget 2026 by 150% to 0.05% and that on options by 50% to 0.15%. However, the STT on futures has a bigger impact because it is calculated on the notional or total contract turnover. In options, the tax is calculated on the premium turnover, which is the actual…
Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman presented her ninth Union Budget in Parliament on Sunday (February 1, 2026), outlining the Centre’s planned income and expenditure for 2025-26, along with projections for the fiscal deficit. Also read: Union Budget 2026 Live updates This was the first time in India’s history that the…
File photo: Silver rate today. | Photo Credit: Leonhard Foeger Silver prices in India dipped sharply on February 2 across all major cities. The price of one gram silver and one kg silver dipped ₹20 and ₹20,000, respectively compared with the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest…
The new Union budget presented by Nirmala Sitharaman on Sunday was crafted against a set of unique circumstances that have emerged in an increasingly turbulent world over the past year. First, in a profound change in fiscal strategy, the finance minister had announced a year ago that she would aim to bring down the burden…
