Amaravati, Feb 1 (IANS) Andhra Pradesh Chief Minister Chandrababu Naidu has welcomed the Union Budget, terming it ‘well-balanced’ and ‘forward-looking’. He said that the Budget 2026-27, presented by Union Finance Minister Nirmala Sitharaman in the Parliament, reflects the aspirations of people for a fast-growing economy.Chandrababu Naidu, whose Telugu Desam Party (TDP) is a key partner in the BJP-led NDA government at the Centre, congratulated Prime Minister Narendra Modi and Finance Min…
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Chennai, Feb 1 (IANS) Industry leaders in Tamil Nadu have welcomed the Union Budget 2026, describing it as growth-oriented, forward-looking and supportive of manufacturing, MSMEs and long-term industrial development. Senior office-bearers of the Confederation of Indian Industry (CII) shared their assessment while addressing the media at a post-Budget press conference held at ITC Grand Chola, Chennai, on Sunday.Speaking after the Budget presentation, Deputy Chairman of CII Southern Region Ravicha…
Mumbai, Feb 1 (IANS) Maharashtra Deputy Chief Minister Eknath Shinde has congratulated Union Finance Minister Nirmala Sitharaman on presenting her ninth budget, aimed at making India self-reliant and developed. He stated that the budget provides significant strength to Mumbai and Maharashtra — the growth engines of the country — by boosting the holistic development of smaller cities, enhancing infrastructure, and providing massive incentives to Micro, Small, and Medium Enterprises (MSMEs). Thi…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India as part of the proposals in the Union Budget 2026-27 presented in the Parliament on Sunday.The move is aimed at developing critical infrastructure and boosting investment in data centres. Those availing of the incentive will have to provide services to Indian customers through an …
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday said that the Income Tax Act 2025 will come into effect from April 1, 2026, and the I-T forms have been redesigned such that ordinary citizens can comply without difficulty for ease of living.The new measures include exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing deadline for non-audit cases to August 31. Individuals with ITR 1 and ITR 2 will continue to …
New Delhi, Jan 31 (IANS) Jeff Bezos’ Blue Origin has announced plans to pause space tourism and instead will focus on landing humans on the Moon.In a blogpost, Blue Origin shared that it will be retiring its New Shepard — the first reusable spaceflight system to vertically land — for at least two years.The company said it will “shift resources to further accelerate development of the company’s human lunar capabilities”.”The decision reflects Blue Origin’s commitment to the nation’s goal of r…
Washington, Jan 31 (IANS) India is pursuing a trust-based approach to artificial intelligence governance that emphasises inclusion, innovation, and safeguards rather than rigid regulation, the country’s top scientific adviser told the think-tank community.Speaking virtually from New Delhi, Principal Scientific Adviser, Ajay Kumar Sood told a CSIS conference that AI governance has become a core element of national economic and strategic policy.“AI is no longer confined to isolated enterprise …
Mumbai, Jan 28 (IANS) Global institutional investors are set to deploy $144 billion into commercial real estate in 2026, marking a clear rebound in investment activity, and India is emerging as an increasingly relevant destination for global capital seeking scale, income visibility and long-term growth, a report showed on Wednesday.Knight Frank’s latest ‘Active Capital Survey’ revealed that 87 per cent of investors (by AUM) intend to increase direct commercial real estate investment in 202…
Davos, Jan 22 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Thursday addressed growing social media criticism surrounding the state’s investment pacts at the World Economic Forum. Terming the criticism a “pre-planned toolkit”, the Chief Minister asserted that those who cannot stomach Maharashtra’s success are spreading coordinated messages to mislead the public.The Chief Minister, who virtually addressed a press conference, said that a specific pattern of messages has emerged on…
United Nations, Jan 22 (IANS) Foreign Direct Investment (FDI) in India surged by 73 per cent last year, bringing in $47 billion, according to UNCTAD.The increase was “mainly due to large investments in services — including finance, IT (information technology), and R&D (Research and Development) — as well as manufacturing, supported by policies aimed at integrating India into global supply chains”, the UN trade agency said in a report released on Tuesday.India’s FDI growth rate was am…