Odisha govt felicitates four sportspersons
Bhubaneswar: Odisha government has felicitated four outstanding sportspersons of the state in recognition of their remarkable achievements on the international stage. Sports minister Suryabanshi Suraj extended his heartfelt congratulations and presented them with cash incentives as a token of the...
Budget: Govt. proposes launch of Khelo India mission to transform sports sector
New Delhi: The government's flagship Khelo India programme to scout grassroots-level sporting talent is set to get a boost with Finance Minister Nirmala Sitharaman Sunday proposing the launch of a Khelo India mission to also focus on systemic development of...
Admin outreach to Kotia promises development and community trust
By Narendra Raut, OP Koraput: In a continued effort to strengthen inclusive development and ensure effective delivery of welfare schemes in border areas, the Odisha government conducted an administrative field visit to several villages in the Kotia region. The outreach...
‘Op Anweshan’: 413 missing minors, women rescued in Ganjam
Chhatrapur: Ganjam police district rescued 413 missing minors and women in its special search and rescue operation drive under the flagship 'Operation Anweshan'. As per reports, as many as 349 women, 58 girls and 6 boys were rescued in 10...
20 drivers leave for EV bus training in Pune
Bhubaneswar: In a significant move to promote women-led urban mobility, the Capital Region Urban Transport (CRUT)—Odisha government’s flagship and most reliable public transport system—has begun inducting women drivers for its Ama Bus services, aiming to enhance inclusivity and empower women...
Union Budget: Capex target will be raised to Rs 12.2 lakh crore for FY27, says FM
New Delhi: Finance Minister Nirmala Sitharaman Sunday said the target for capex will be raised to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal year and announced a slew of measures to boost infrastructure in the country. Presenting the Union Budget for...
Read moreDetailsCongress calls Union Budget ‘lacklustre’
New Delhi: The Congress Sunday said the Union Budget was "totally lacklustre" and fell woefully short of the hype that was generated around it. Congress general secretary, Communications, Jairam Ramesh said the budget speech given by Union Finance Minister Nirmala Sitharaman was also "non-transparent" as it gave no idea of the budgetary allocations for key programmes and schemes. "While the documents need to be studied in detail, it is clear after...
Read moreDetailsSensex, Nifty tumble as Budget proposes to raise Securities Transaction Tax to 0.05% on commodity futures
Mumbai: Stock market benchmark indices Sensex and Nifty tumbled on Sunday afternoon trade after the Budget proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent. The government will tax buyback proceeds for all types of shareholders as capital gains, Finance Minister Nirmala Sitharaman said on Sunday. After fluctuating in early trade, the 30-share BSE Sensex later bounced back but pared all gains amid...
Read moreDetailsUnion Budget: FM pegs fiscal deficit lower at 4.3% of GDP for 2026-27
New Delhi: Finance Minister Nirmala Sitharaman Sunday said the government expects the fiscal deficit to be at 4.3 per cent of the GDP in 2026-27, lower than 4.4 per cent projected for the current financial year. In her 2026-27 Budget speech, Sitharaman also said the government will provide Rs 1.4 lakh crore as tax devolution amount to the states in the next financial year while the net tax receipts is estimated...
Read moreDetailsIncome tax law comes into force from April 1: FM
New Delhi: Finance Minister Nirmala Sitharaman Sunday said the Income Tax Act, 2025 will be implemented from April 1 and rules and tax returns forms will be notified shortly. Beginning April 1, the Income Tax Act, 2025, will come into force, replacing the six-decade-old tax law and the changes made in tax laws in 2026-27 Budget will be incorporated in the new legislation. In her Budget speech in the Lok Sabha...
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Congress calls Union Budget ‘lacklustre’
New Delhi: The Congress Sunday said the Union Budget was "totally lacklustre" and fell woefully short of the hype that was generated around it. Congress general secretary, Communications, Jairam Ramesh said the budget speech given by Union Finance Minister Nirmala Sitharaman was also "non-transparent" as it gave no idea of the budgetary allocations for key programmes and...
Sensex, Nifty tumble as Budget proposes to raise Securities Transaction Tax to 0.05% on commodity futures
Mumbai: Stock market benchmark indices Sensex and Nifty tumbled on Sunday afternoon trade after the Budget proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent. The government will tax buyback proceeds for all types of shareholders as capital gains, Finance Minister Nirmala Sitharaman said on Sunday. After fluctuating in...
FM extends tax exemption on capital goods used to make lithium-ion cells for battery storage
New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced an extension of basic customs duty exemption on capital goods used for manufacturing lithium-ion cells for battery storage in the annual budget for the next financial year. In her budget speech, she also proposed to exclude the entire value of biogas while calculating excise duty levy on (biogas)...
Odisha govt felicitates four sportspersons
Bhubaneswar: Odisha government has felicitated four outstanding sportspersons of the state in recognition of their remarkable achievements on the international stage. Sports minister Suryabanshi Suraj extended his heartfelt congratulations and presented them with cash incentives as a token of the government's appreciation for their dedication and success at a function Saturday. Among the awardees, Loma Swain was...
FM proposes duty-free imports for leather exporters
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed duty-free imports of certain specified inputs for promoting the country's exports of leather. The move will help provide a cushion to leather exporters who are reeling under the steep 50 per cent US tariffs. The country's leather and leather products shipments dipped marginally 0.23 per cent to USD 3.3...
Union Budget: Govt proposes to set up three new All India Institutes of Ayurveda to bolster research
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to set up three new All India Institutes of Ayurveda to strengthen research in traditional medicines. Presenting the Union Budget 2025-26 in the Lok Sabha, the finance minister said Ayurveda gained global acceptance and recognition after the COVID-19 pandemic. Quality Ayurveda products helps farmers who grow the herbs and...
FM Sitharaman proposes tax holiday till 2047 for foreign cloud service providers
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed tax holiday till 2047 for foreign companies that provide cloud services to customers worldwide by using data centres in the country. The tax holiday will be extended to the entities concerned, subject to certain conditions. In the Union Budget 2026-27 speech, Sitharaman said there is a need to enable...
Buyback proceeds for all types of shareholders will be taxed as capital gains: FM
New Delhi: Finance Minister Nirmala Sitharaman Sunday said buyback proceeds for all types of shareholders will be taxed as capital gains. Presenting the Union Budget for 2026-27, Sitharaman also proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent. She further said MAT (Minimum Alternate Tax ) will be made...
Budget: Govt. proposes launch of Khelo India mission to transform sports sector
New Delhi: The government's flagship Khelo India programme to scout grassroots-level sporting talent is set to get a boost with Finance Minister Nirmala Sitharaman Sunday proposing the launch of a Khelo India mission to also focus on systemic development of training centres and coaches over the next decade. Presenting the Union Budget for the year 2026-27, the...
FM Sitharaman announces six-month foreign asset disclosure scheme for small taxpayers
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs as she presented the Union Budget 2026-27. She said there will be no interest liability on taxpayers on the penalty amount for the period of appeal before first appellate authority, irrespective of outcome....
