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,…
The Union Budget 2026–27 did not introduce any major changes to income tax rates, but rationalised penal provisions, eased the compliance burden, and simplified return filing through redesigned forms, following the enactment of the Income Tax Act, 2025. “The simplified Income Tax Rules and Forms will be notified shortly, giving adequate time to taxpayers to…
Maharashtra left empty-handed despite being major driver of GDP: Cong’s Wadettiwar The Union Budget has once again dealt a blow to Maharashtra and left farmers, workers and the middle class deeply disappointed, senior Congress leader Vijay Wadettiwar said on Sunday (February 1, 2026). Addressing reporters in Nagpur, Mr. Wadettiwar alleged Maharashtra has been “left empty-handed”…
By ring-fencing tax benefits, the government emphasizes long-term investment in sovereign instruments and ensures uniform treatment across all SGB issuances, promoting stable investment behavior and discouraging short-term speculative trading. | Photo Credit: lakshmiprasad S The Budget has clarified that the capital gains tax exemption on sovereign gold bonds will not apply to investors who purchase…
MUMBAI: Trekking trails in the Himalayas and the Ghats, archaeological sites such as the Indus Valley Civilisation excavations in Gujarat and Haryana, and Buddhist sites in the northeastern states are among the schemes that the government has proposed to promote thematic tourism. These projects will be developed under existing schemes of the ministry of tourism…
Finance Minister Nirmala Sitharaman shows the digital tablet, enclosed in a traditional red ‘bahi-khata’ style pouch, at the Parliament premises before presenting of the ‘Union Budget 2026-27’, in New Delhi on February 1, 2026. | Photo Credit: PTI A total outlay of over ₹50 lakh crore for all Ministries was given in the 2026-27 Union…
Silver prices in India dipped sharply as reported on February 1 across all major cities. The price of one gram silver and one kg silver dipped ₹30 and ₹30,000, respectively compared with the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest silver prices. Market experts remain constructive on silver…
