PTI file photo Finance Minister Nirmala Sitharaman, presenting the Union Budget on Sunday, announced a new scheme to support states in setting up five regional medical hubs in partnership with the private sector. These hubs will function as integrated healthcare complexes, combining medical care, education, and research, and aim to position India as a leading…
File photo: Union finance minister Nirmala Sitharaman (Picture credit: ANI) NEW DELHI: Presenting the Budget, finance minister Nirmala Sitharaman has proposed setting up a “High Level Committee on Banking for Viksit Bharat”, to comprehensively review the sector and align it with India’s next phase of growth.“I propose setting up a ‘High Level Committee on Banking…
The Union Budget 2026-27 proposed a series of measures impacting Non-Resident Indians (NRIs) and other overseas individuals, easing compliance in property transactions and widening access to Indian equity markets.Finance minister Nirmala Sitharaman presented her ninth consecutive Union Budget on Sunday, becoming the first finance minister in India to achieve this milestone, and also the first…
As the Centre prepares to roll out the Viksit Bharat–Guarantee for Rozgar Aajeevika Mission (Grameen) (VB-G RAM G), it has allocated Rs 95,692.31 crore for the new scheme, while earmarking Rs 30,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA).Allocation for MGNREGA is shown at Rs 30,000 crore for 2026-27, lower than…
NEW DELHI: The Union Budget 2026 has set aside Rs 7.85 lakh crore for defence, marking a sharp increase from Rs 6.81 lakh crore last year. According to official figures, the defence outlay for 2026-27 stands at Rs 7,84,678 crore, compared with Rs 6,81,210 crore in the previous financial year. Of this, the capital outlay…
Union finance minister Nirmala Sitharaman on Sunday announced a nearly 9 per cent increase in capital expenditure, raising the allocation to Rs 12.2 lakh crore for FY 2026-27, as the government doubled down on infrastructure-led growth under its “future-ready Bharat” push.Presenting the Union Budget in Parliament, Sitharaman said the higher allocation was aimed at sustaining…
Finance minister Nirmala Sitharaman, while presenting the Union Budget 2026, launched the “India Semiconductor Mission 2.0” to “capitalise on the momentum of the semiconductor mission,” announcing an outlay of Rs 40,000 crore for the initiative.She said India’s Semiconductor Mission 1.0 had expanded the country’s semiconductor sector capabilities. Building on this, the government will launch ISM…
India’s Goods and Services Tax (GST) collections reached Rs 1,93,384 crore in January 2026, showing a strong year-on-year increase of 6.2 per cent, reported ANI. The revenue had stood at Rs 1,82,094 crore in January 2025.Cumulatively, gross GST receipts for the period from April to January FY26 amounted to Rs 18,43,423 crore, up 8.3 per…
Railway Budget 2026: Finance Minister Nirmala Sitharaman may announce yet another record capital expenditure allocation for Indian Railways in Union Budget 2026. In the last five years, railway budget allocations have grown exponentially, as the government focused on infrastructure as a driver of economic growth. It’s one hour to the Budget speech now. FM Sitharaman…
FICCI recommends constituting more offices of the Customs Authority for Advance Rulings (AAR) Impact: Expanding Customs AAR offices and allowing self-declared extensions would enhance trade certainty and reduce compliance burden and lower litigation on customs matters. The Customs Authority for Advance Rulings (CAAR) is a legal provision under section 28E of the Customs Act, 1962,…