Union Budget 2026: Finance Minister Nirmala Sitharaman has proposed penalty provision for non-compliance in reporting of cryptocurrency assets in line with the new Income-Tax (I-T) Act scheduled to come into effect from 1 April. During her Budget speech, she noted, “To ensure compliance with the provisions of Section 509 of the Income-tax Act, 2025 and…
With the current outdated definition of affordable housing, CREDAI said the affordable housing segment’s share could decline further from 18% to nearly 12% of total housing supply. Image used for representative purpose only. | Photo Credit: Reuters Realtors’ apex body CREDAI on Sunday (February 1, 2026) expressed disappointment that the Union Budget did not provide…
Gold and silver prices remained under pressure on Sunday afternoon following the Union Budget presentation, with traders attributing the decline primarily to global macro factors rather than Budget announcements, as both metals recovered partially from morning lows after hitting lower circuits. MCX gold futures traded 5 per cent lower after a modest intraday recovery, having…
The Union Budget on Sunday announced the launch of an artificial intelligence (AI)-powered, multilingual platform, Bharat Vistaar, to provide region-specific and verified advisories to farmers. Presenting the budget for fiscal year 2026-27, finance minister Nirmala Sitharaman said that Bharat Vistaar, short for virtually integrated system to access agricultural resources, will integrate the government’s agri stack…
The mobile manufacturing segment witnessed a nearly 30-fold increase in production value, rising from ₹18,000 crore in FY15 to ₹5.45 lakh crore in FY25. Representational image. | Photo Credit: Getty Images/iStockphoto Union Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) announced that the outlay for the Electronics Component Manufacturing Scheme (ECMS) would be increased…
Gold witnessed one of its sharpest corrections in decades on Friday, plummeting nearly 16 per cent from record highs above $5,480-$5,626 to trade around $4,745-$4,887 per ounce, as aggressive profit-booking followed the nomination of Kevin Warsh as the next US Federal Reserve Chair. On the Multi Commodity Exchange (MCX), gold retreated from peaks near ₹1,80,000…
Finance Minister Nirmala Sitharaman presented the Union Budget for 2026–27 on Sunday, 1 February, against the backdrop of renewed geo-economic disruptions affecting India. With these pressures likely to spill into the coming financial year, the Budget offers a window into how the government plans to respond to a set of pressing challenges. In this five-part…
Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) presented the Union government’s budget for FY2026. Also read: Union Budget 2026 LIVE updates Borrowings and other liabilities form the largest source of funds for this Budget, accounting for 24% of total inflows, unchanged from the previous year. Income tax is the second-largest contributor at 21%…
Indian gold and silver futures continued to decline on Sunday, when trading was open for the Budget day. At 1245 hours, gold April futures on MCX dropped by ₹5,481 to ₹1,46.864 per 10 gm. Silver March futures plunged by ₹26,125 to ₹2,65,800 a kg. The price fall in the futures market is in line with…
Union finance minister Nirmala Sitharaman, in her Budget 2026 speech, announced a series of customs duty changes aimed at easing input costs, improving export competitiveness, and rationalizing the tariff structure across sectors. Presenting the Union Budget 2026-27, Sitharaman said the government would raise the limit for duty-free imports of specified inputs used for processing seafood…
