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...
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...
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...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to increase time limit for filing revised income tax (I-T) return from December 31 to March 31, on payment of nominal fee. The government also proposed a reduction in TCS rate for pursuing education and medical education...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed seven high-speed corridors among various cities and a new dedicated freight corridor between Dankuni in West Bengal and Surat in Gujarat in the Union Budget for 2026-27. "In order to promote an environmentally-sustainable passenger system, we will...
New Delhi: The government has proposed to lower debt-to-GDP ratio to 55.6 per cent in FY27, from 56.1 per cent in the current fiscal year, Finance Minister Nirmala Sitharaman said Sunday. Presenting the Union Budget 2026-27, she said the Centre has allocated Rs 5,000 crore...
New Delhi: The Government will set up five university townships in the vicinity of major industrial logistics centres, Union Finance Minister Nirmala Sitharaman announced Sunday. Presenting the Union Budget for 2026-27 in the Lok Sabha, Sitharaman also announced the setting up of one girls' hostel...
New Delhi: Finance Minister Nirmala Sitharaman Sunday said individual persons residing outside India (PROI) will be permitted equity investments in listed Indian companies through a portfolio investment scheme. She also proposed raising investment limit for PROIs to 10 per cent from 5 per cent. The...
New Delhi: Finance Minister Nirmala Sitharaman Sunday that the government will create a network of over 1,000 accredited Indian clinical trial sites. Major clinical trial sites in the country are currently located in big cities like Mumbai, Delhi, Bengaluru, Chennai, and Hyderabad. She also proposed...
New Delhi: Finance Minister Nirmala Sitharaman Sunday proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for Biopharma Shakti programme over the next five years. Presenting the Union Budget, she said, "I propose to launch a scheme to support states...
The fresh Indo-US trade deal announced by US President Donald Trump 2 February will see American tariffs on Indian goods...
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China’s President Xi Jinping now finds himself in an enviable position enjoying kind of a special superpower status as countries,...
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For an economy plagued by multiple ailments – a daily depreciating currency, growing household debt, high unemployment and inequality, exodus...
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By Aakar Patel As a democratic society, it is expected that India’s authorities follow the rule of law. This includes...
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