STT hike on Futures dampen stock market sentiment; Sensex, Nifty crash nearly 2%

BSE, NSE, Sensex, Nifty, Stock market

Mumbai: Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent Sunday after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives. Reversing the early gains, the 30-share BSE Sensex plunged sharply by 2,370.36 points or 2.88 per cent to slide below the 80,000-mark at 79,899.42 in afternoon trade as the finance minister announced a hike in STT on futures contracts to...

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Union Budget 2026-27: Know what gets cheaper, what gets costlier

Union Budget

New Delhi: As many as 17 cancer drugs, along with medicines and food for special medical needs for seven rare diseases, as well as components used in microwave ovens, will become cheaper following Finance Minister Nirmala Sitharaman's announcement of customs duty cuts in the Union Budget 2026-27, presented in Parliament Sunday. However, certain items like imported low-cost umbrellas and ATM  Cash dispensers will become expensive due to a rise in basic...

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FM announces Rs 10,000 crore fund, other measures to create ‘champion’ MSMEs

MSME

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed a three-pronged strategy, including a Rs 10,000 dedicated fund, to help MSMEs grow as 'champions'. In her Budget Speech, the minister said the Modi government has undertaken comprehensive economic reforms towards creating employment, boosting productivity and accelerating growth. The "Reform Express" is well on its way and will maintain its momentum to help fulfil "our kartavya", she said while presenting the first Budget...

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Union Budget 2026: Direct, indirect taxes to yield 64 paise of every rupee in govt coffers

Rupees comes from

New Delhi: For every rupee in the government's coffers, the largest slice of 64 paise will come from direct and indirect taxes, according to the Union Budget 2026-27 documents. Around 24 paise will come from borrowings and other liabilities, 10 paise from non-tax revenue like disinvestment, and 2 paise from non-debt capital receipts, the Budget documents showed. Income tax will yield 21 paise, corporation tax 18 paise, and Goods and Services...

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MEA allocated Rs 22,118 crore in Union Budget 2026-27

New Delhi: Bhutan was Sunday allocated the largest share of Rs 2,288 crore as development aid in the Union Budget for 2026-27, followed by Rs 800 crore to Nepal and Rs 550 crore each to the Maldives and Mauritius. The Ministry of External Affairs (MEA) was allocated a total of Rs 22,118 crore as against the current...

Nirmala Sitharaman

Budget 2026: 1 lakh allied health professionals to be trained in five years

New Delhi: Around 1 lakh allied health professionals (AHPs) will be added across 10 disciplines, including optometry, radiology, anaesthesia and applied psychology, over the next five years, the government announced Sunday in the Union Budget 2026. The Union Health Ministry has been allocated Rs 1,000 crore for the Scheme for Allied Health Care Professionals (AHPs) for the...

Akhilesh Yadav

Opposition slams Budget 2026, says it ignores common people

New Delhi: Opposition MPs Sunday alleged that the Union Budget 2026-27 did not have any announcements for the common people, and failed to address basic issues like education, healthcare and unemployment. Asked about the Budget presented in Parliament by Finance Minister Nirmala Sitharaman, the third of the BJP-led NDA in its third term, Samajwadi Party chief Akhilesh...

Union Budget

Union Budget 2026-27: Know what gets cheaper, what gets costlier

New Delhi: As many as 17 cancer drugs, along with medicines and food for special medical needs for seven rare diseases, as well as components used in microwave ovens, will become cheaper following Finance Minister Nirmala Sitharaman's announcement of customs duty cuts in the Union Budget 2026-27, presented in Parliament Sunday. However, certain items like imported low-cost...

Shashi Tharoor to file papers for post of Cong prez Sept 30

‘Seems to have missed the ball’, says Tharoor on Union Budget

New Delhi: Senior Congress leader Shashi Tharoor Sunday used a cricketing analogy to express his disappointment with the Union Budget, saying Finance Minister Nirmala Sitharaman seems to have missed the ball. In an interview with PTI at the news agency's headquarters, Tharoor said Sitharaman's Budget speech seemed to have lots of subheadings but very few specifics, and...

Minor girl abducted, rape attempted by miscreants in Balasore

Balasore: A Class-XII girl student was allegedly abducted by two miscreants who also attempted to rape her while she was returning from tuition in Balasore district, police said Sunday. The incident was reported from Soro police station area of the district  Saturday evening. The accused persons forcefully abducted the girl to a nearby lonely area and allegedly...

MSME

FM announces Rs 10,000 crore fund, other measures to create ‘champion’ MSMEs

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed a three-pronged strategy, including a Rs 10,000 dedicated fund, to help MSMEs grow as 'champions'. In her Budget Speech, the minister said the Modi government has undertaken comprehensive economic reforms towards creating employment, boosting productivity and accelerating growth. The "Reform Express" is well on its way and will maintain...

 

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