Business

New Delhi: Building on the success of the Lakhpati Didi scheme, community-owned retail shops will be set up for the women entrepreneurs from self-help groups, Finance Minister Nirmala Sitharaman said Sunday. Presenting the Union Budget in the Lok Sabha, the minister called it the "next...

New Delhi: The government Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 as against last year's allocation of Rs 6,81,210 crore. The total capital outlay has been pegged at Rs 2,19,306 crore The revenue expenditure has been put at Rs 5,53,668 crore...

New Delhi: In a major push to diversify rural incomes and create employment opportunities beyond traditional farming, Finance Minister Nirmala Sitharaman on Sunday announced a series of initiatives for the livestock, fisheries and high-value agriculture sectors while presenting the Budget 2026-27 in Parliament. Pointing out...

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...

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...

New Delhi: Finance Minister Nirmala Sitharaman 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...

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...

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...

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...

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...