Business

New Delhi: The Budget 2026-27 has simplified customs regime by rationalising exemptions, waiving customs duty 17 cancer drugs, while easing baggage rules and reducing duty to 10 per cent on goods imported for personal use. Finance Minister Nirmala Sitharaman Sunday unveiled a "trust-based" customs regime,...

New Delhi: The government Sunday announced allocation of Rs 3.09 lakh crore for the road transport and highways ministry for 2026-27, about 8 per cent higher from the outlay of Rs 2.87 lakh crore for the current financial year. Presenting the Union Budget, Finance Minister...

New Delhi: The sports goods manufacturing sector emerged as a major beneficiary with a first-time allocation of Rs 500 crore as the Ministry of Youth Affairs and Sports' allocation was hiked by over Rs 1000 crore in the Union Budget presented by Finance Minister Nirmala...

New Delhi: Leader of Opposition in Lok Sabha Rahul Gandhi Sunday said the Union Budget for 2026-27 is "blind to India's real crises", and highlighted how the youth are without jobs, manufacturing is falling, and farmers are in distress. "Youth without jobs. Falling manufacturing. Investors...

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...

New Delhi: The government Sunday announced an integrated programme to boost growth in the labour-intensive textile sector and also proposed setting up of mega textile parks. In her budget speech, Union Finance Minister Nirmala Sitharaman said, "For the labour-intensive Textile Sector, I propose an Integrated...

New Delhi/Bhubaneswar: The government Sunday proposed dedicated corridors in mineral-rich states like Odisha and Tamil Nadu and import duty exemption on capital goods needed for processing critical minerals to boost mining and processing activities. This assumes significance in view of the government's focus on promoting...

New Delhi: The government's annual subsidy expense on food, fertiliser and fuel is pegged 4.47 per cent lower at Rs 4,10,495 crore during the 2026-27 fiscal. According to the Union Budget 2026-27, the revised subsidy for food, fertiliser and fuel for the current 2025-26 fiscal...

New Delhi: Finance Minister Nirmala Sitahraman Sunday proposed to set up an Infrastructure Risk Guarantee Fund to provide calibrated partial credit guarantees to lenders. Sitharaman in her Budget speech said during this past decade, the government has undertaken several initiatives for large-scale enhancement of public...

New Delhi: The government Sunday proposed the development of an 'East Coast Industrial Corridor' with a well-connected node at Durgapur in West Bengal, and creation of five tourism destinations in five 'Purvodaya' states. Presenting the Union Budget 2026-27, Finance Minister Nirmala Sitharaman also proposed to...