Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…
Latest Finance Minister Nirmala Sitharaman News & Updates
New Delhi, Feb 1 (IANS) The government will roll out a Customs Integrated System (CIS) within two years as a single, integrated and scalable platform for all customs processes, Finance Minister Nirmala Sitharaman said on Sunday while presenting the Union Budget 2026-27.The utilisation of non‑intrusive scanning with advanced imaging and AI technology for risk assessment will be expanded in a phased manner to scan every container across all major ports, according to an official statement.The app…
New Delhi, Feb 1 (IANS) In a major step toward India’s net-zero ambitions, Finance Minister Nirmala Sitharaman announced a substantial allocation of Rs 20,000 crore over the next five years for Carbon Capture, Utilisation and Storage (CCUS) technologies in the Union Budget 2026-27 presented on February 1.This funding aims to accelerate the deployment of CCUS in hard-to-abate industrial sectors, positioning the country to meet its climate commitments while maintaining economic growth.CCUS involve…
New Delhi, Feb 1 (IANS) The government is set to present the Union Budget 2026-27, with Part B of the Budget document likely to carry unprecedented detail and emphasis on economic direction and policy reforms for the first time — sharing directional cues on growth priorities and the country’s emerging role in a shifting global economy.The Union Budget is divided into two parts — A and B — with the latter part serving primarily as a shorter segment focused on tax proposals and select updates…
New Delhi, Jan 31 (IANS) On the eve of Union Budget 2026-27, Delhi Chief Minister Rekha Gupta expressed confidence on Saturday that that Finance Minister Nirmala Sitharaman’s proposals will further strengthen the vision of Viksit Bharat.The Chief Minister said that the Union Budget, to be presented under the leadership of Prime Minister Narendra Modi, will contribute significantly towards making India a self-reliant, prosperous and globally leading nation by 2047.She stated that the Budget wou…
Mumbai, Jan 30 (IANS) The government may propose the introduction of the Banking Governance Bill on February 1, 2026, in the Union Budget presentation, a move aimed at enabling public sector banks (PSBs) finance large projects by themselves.The draft legislation is expected to make PSUs more professional, competitive, and technology‑driven, as well as strengthen board composition and improve accountability, NDTV Profit reported, citing sources.The government may also separately consider raisin…
New Delhi, Jan 19 (IANS) With less than two weeks left for the presentation of the Union Budget 2026–27, experts on Monday believe the government should focus strongly on improving ease of doing business and expanding opportunities for women across sectors.Speaking to IANS, tax expert Manmohan Srivastava Kaju said the government had provided significant relief to taxpayers in the previous budget by increasing the income tax exemption limit to Rs 12 lakh.“The introduction of GST 2.0, under wh…
Mumbai, Jan 16 (IANS) Indian stock exchanges BSE and NSE on Friday announced that markets will be open for trading on February 1 (Sunday) on account of the Union Budget 2026-2027.The pre-open market would open from 9 am till 9:08 am while normal trading will run from 9:15 am till 3:30 pm.“On account of the presentation of the Union Budget, members are requested to note that Exchange shall be conducting live trading session on February 01, 2026, as per the standard market timings (9:15 am-3:30 …
New Delhi, Jan 9 (IANS) President Droupadi Murmu has approved the summoning of both Houses of Parliament for the Budget Session 2026 from January 28 on the government’s recommendation, Union Parliamentary Affairs Minister Kiren Rijiju announced on Friday.”On the recommendation of the Govt of India, Hon’ble President of India, Smt. Droupadi Murmu ji has approved the summoning of both the Houses of Parliament for the Budget Session 2026. The Session will commence on 28 January 2026 and continue …
New Delhi, Dec 25 (IANS) Over the past years, the government has undertaken a historic wave of reforms, abolishing over 40,000 unnecessary compliances and repealing more than 1,500 outdated laws, thus creating a modern, efficient, and citizen-friendly ecosystem. The GST rate rationalisation, which came into effect from September 22 this year, was one such ‘Big Bang reform’ towards building a ‘Viksit Bharat’.On the 79th Independence Day, Prime Minister Narendra Modi addressed the nation and a…