Business

New Delhi: The government has announced the next edition of India Semiconductor Mission with a broad objective to promote the chip manufacturing ecosystem in the country, covering equipment, materials, indigenous designs and other components that are required to produce the high-tech components. Finance Minister Nirmala...

New Delhi:  As the VB-G RAM G scheme is set to be rolled out, the Centre has allocated Rs 95,692.31 crore for it, while an allocation of Rs 30,000 crore has been made for the MGNREGA. Rural Development Minister Shivraj Singh Chouhan said the overall...

New Delhi: The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026. Finance Minister Nirmala Sitharaman, in her Budget speech, said,...

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...

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...

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...

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...

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...