Business

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...

New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed a container manufacturing scheme, with a budgetary allocation of Rs 10,000 crore over five years, to create a globally competitive container building ecosystem. To promote environmentally sustainable movement of cargo, Sitharaman said a scheme for the enhancement...

Bhubaneswar: The ruling BJP in Odisha Sunday asserted that the Union Budget 2026-27 has placed the state firmly at the heart of India's growth story. "It reflects a clear and confident vision to transform Odisha into a strategic engine of eastern India's development," Odisha BJP...

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...