Business

The government has unveiled a targeted manufacturing push centred on seven strategic and frontier sectors, positioning them as key drivers of job creation, domestic value addition and long-term industrial competitiveness.Presenting the proposals, Finance Minister Nirmala Sitharaman said the strategy is anchored in accelerating growth through focused industrial interventions. Subsidies, Jobs, AI Tool: FM Sitharaman Unveils…

Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission has recommended retaining states’ share in the divisible pool of central taxes at 41 per cent, while pitching for outcome-based spending, greater transparency in tax devolution data and stronger fiscal discipline at the state level. The panel said there is…

Buying property from an NRI? Worried about obtaining TAN? Not anymore. To relax the compliance burden, the Budget has proposed that resident individuals and HUFs need not have a Tax Deduction and Collection Account Number (TAN) if they are purchasing a property from a non-resident Indian (NRI). The amendment will take effect from Oct 1,…

The government has raised the duty-free allowance for passengers bringing imported goods into India to Rs 75,000 from the earlier Rs 50,000 under the newly notified Baggage Rules, 2026, PTI reported.Under the new rules notified on Sunday, a resident or a tourist of Indian origin arriving in India other than by land will be allowed…

Department of Economic Affairs (DEA) Secretary Anuradha Thakur (Photo-ANI) The Centre and the Reserve Bank of India (RBI) are closely tracking movements in the rupee and fluctuations in gold and silver prices, while remaining ready to deploy policy tools to maintain macroeconomic stability, Department of Economic Affairs (DEA) Secretary Anuradha Thakur said, ANI reported.“As far…

The Union Budget 2026-27 has announced a series of measures aimed at strengthening India’s export ecosystem by focusing on manufacturing expansion and trade facilitation, commerce secretary Rajesh Agrawal said on Sunday, PTI reported.He said the Budget includes targeted support for both labour-intensive industries and high-technology sectors, while policy steps on logistics and trade facilitation are…

What Would $1 Invested in Bitcoin in 2009 Be Worth Today, 17 Years Later? The question resurfaces every time Bitcoin hits another high: what would your money look like now if you’d bought in at the beginning? With the cryptocurrency trading at $78,693.76 per coin as of early February 2026, the arithmetic of Bitcoin’s earliest…

The Union Budget 2026 has proposed simplifying tax compliance for property transactions involving non-resident sellers by allowing resident buyers to deduct and deposit TDS using their PAN-based challan instead of obtaining a Tax Deduction and Collection Account Number (TAN).At present, resident individuals or Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller are…

Why the Weak Rupee and Peso Are Turning Into a Remittance Windfall for UAE Expats and Should You Send Money Now? A softening Indian rupee, Pakistani rupee and Philippine peso, trading near multi-year lows against the UAE dirham, is emerging as a remittance opportunity for expatriates in the UAE, prompting many workers to rethink when…

Shares of brokerage-linked and exchange-related companies fell sharply by up to nearly 12 per cent after Finance Minister Nirmala Sitharaman proposed an increase in the Securities Transaction Tax (STT) on derivatives in the Union Budget 2026-27, according to PTI.In her Budget speech, Sitharaman announced that STT on futures contracts would be increased to 0.05 per…