New Delhi: The Union Budget 2026, in a significant policy push to India’s aviation manufacturing ecosystem for strong industry endorsement, removed basic customs duty (BCD) on aircraft components and parts, aiming to boost India’s aviation manufacturing ecosystem and reduce import dependence. Boeing welcomed the government’s decision to remove the 7.5%-15% basic customs duty on components…
When exchanges are active and predictable, FPOs can aggregate produce and hedge prices before harvest. (AI image) By Dr. Arun Raste, MD and CEO, NCDEXIndian agriculture has always had the backing of strong public policy support. Systems like MSP, procurement and buffer stocking have played a stabilising role for decades. They give confidence to farmers…
New Delhi: Every year, when the Union Budget is presented, one question tops the mind of salaried individuals and middle-class families alike: what has changed in income tax slabs? Budget 2026 was no exception. As Finance Minister Nirmala Sitharaman unveiled the proposals for the Financial Year 2026–27, taxpayers across the country were keenly watching for…
New Delhi: Budget 2026 has kept the standard deduction unchanged. This brings no fresh relief on this front for taxpayers. The same limits announced in the previous Budget will continue to apply for the financial year 2026–27. Standard deduction remains one of the few benefits available to salaried individuals and pensioners under the new tax…
New Delhi: India’s automobile industry has broadly welcomed the Union Budget 2026-27, calling it a growth-oriented roadmap with a clear push for manufacturing, localisation and clean mobility. According to senior executives of major automobile companies, higher capital expenditure and targeted incentives for EVs, semiconductors and critical minerals could strengthen demand and supply chains. Tarun Garg…
Last Updated:February 01, 2026, 23:43 IST The government said the funds will support a range of infrastructure and modernisation initiatives, including the upgradation of CBI training centres. Representative image The Central Bureau of Investigation (CBI) has been allocated nearly Rs 1,105 crore in the Union Budget 2026-27, marking an increase of about Rs 46 crore…
Last Updated:February 01, 2026, 23:15 IST Nirmala Sitharaman noted that Budget documents today are far more transparent, allowing people to assess policy intent and outcomes more clearly. Union Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Sunday urged citizens, especially the youth, to look beyond tax rates when evaluating the Union Budget and instead…
Union Budget 2026 Live Updates: Union Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament, her record ninth budget speech. Interestingly, it is the first time in history that the budget was touted on Sunday. During her budget speech, Sitharaman asserted that the “reform express” of the Prime…
New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced a Rs 10,000 crore outlay for the Bio Pharma Shakti scheme for biologics and biosimilar drugs to make India a global bio-pharma hub. Presenting the Budget 2026-27, she said these bio medicines would help the country tackle the growing burden of non-communicable diseases like diabetes. The…
Union Budget 2026: Mental healthcare emerged as a key priority in the Union Budget 2026-27, with Finance Minister Nirmala Sitharaman unveiling a major institutional expansion to address chronic gaps in India’s mental health infrastructure. Acknowledging the absence of sufficient national-level institutions dedicated solely to mental health, the government announced plans to set up two new…