New Delhi: The preparation for 2026-27 Budget entered the final phase with the traditional “halwa” ceremony at North Block, home to the finance ministry. The documents are being printed at the Budget Press at North Block. The finance ministry has moved to its new office block in Kartavya Bhawan.The “halwa” ceremony marks the final stage…
Finance Minister Nirmala Sitharaman on Tuesday took part in the customary halwa ceremony, signalling the final phase of preparations for the Union Budget 2026-27, which is scheduled to be presented in the Lok Sabha on February 1. The ritual was held at North Block on Raisina Hill, the former headquarters of the finance ministry, as…
Mumbai: Govt bond yields jumped to an almost 11-month high as state borrowing and tight liquidity rekindled supply-glut fears, pushing the RBI to fast-track bond repurchases and roll out other liquidity measures. The benchmark 10-year 6.48% 2035 yield closed at 6.72%, up from 6.66%, its highest since early March.Sell-off pressure forced an early start to…
Mumbai: Vedanta Ltd, the promoters of Hindustan Zinc (HZL), is eyeing to sell up to 6.7 crore shares of HZL, translating to almost 1.6% of its equity to mop up nearly Rs 4,600 crore. On Tuesday, Vedanta informed the stock exchanges that it would sell the HZL stake through the offer for sale (OFS) route…
Mumbai: Prices of gold and silver jumped to record highs in the domestic market on Tuesday following international price trends over the extended weekend in India as investors globally continued to shift to haven assets as geopolitical tensions remained at elevated levels. For silver in particular, rising demand from several of the fast-growing industries like…
New Delhi: The India-European Union free trade agreement could make biscuits and chocolates to pasta, olive oil and sausages more affordable in India, expanding choice and easing prices for consumers over the next few years, reports Rupali Mukherjee. Pet food maybe cheaper, too. The agreement has reduced the duty on olive oil, margarine and other…
New Delhi: Indian students and professionals are set to gain unprecedented access to Europe after India and Euro-pean Union finalised a sweeping free trade agreement alongside a mobility framework that commits EU to unca-pped movement for learners.Officials said the pact marks a decisive shift towards talent-led cooperation, with education, skills and research emerging as key…
NEW DELHI: India and the European Union on Tuesday announced the finalisation of “mother of all FTAs”, that will result in gradual tariff reduction for 96% of exports from both sides, while keeping contentious items such as cereals and dairy products outside the ambit.While Indian textiles, marine products, leather and footwear, gems and jewelry, toys…
As attention turns to Budget 2026, the ministry of road transport and highways (MoRTH) stands out as one of the government’s most consistently backed infrastructure arms, with allocations for roadways rising sharply over the past five years.Budgetary support for the sector has nearly tripled since FY21. From Rs 99,159 crore in FY21, allocations increased to…
Hardeep Singh Puri (PTI image) NEW DELHI: Against a backdrop of “prolonged global volatility” triggered by geopolitical tensions, Union petroleum and natural gas minister Hardeep Singh Puri said on Tuesday that fuel prices had risen sharply in major world economies, but India had shielded its citizens from severe price shocks.Speaking at the inauguration of India…