New Delhi, Feb 1 (IANS) In a major relief initiative for victims of road accidents and their families, Union Finance Minister Nirmala Sitharaman announced during the presentation of the Union Budget for 2026-27 on Sunday that the interest accrued on motor accident compensation claims will be fully exempt from income tax. This proposal, aimed at ensuring victims receive the complete amount without deductions, also eliminates Tax Deducted at Source (TDS) on such interest payments. The announcement…
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Chennai, Feb 1 (IANS) Tamil Nadu is closely watching the Union Budget with heightened expectations on Sunday, as the State looks for fresh announcements that could accelerate infrastructure growth, strengthen its manufacturing base, and improve urban development.With the State positioned as one of India’s leading industrial and export hubs, policymakers and industry stakeholders alike are keen on budgetary support for industrial corridors, port connectivity, logistics, and large-scale urban infr…
Chennai, Feb 1 (IANS) Tamil Nadu BJP spokesperson A.N.S. Prasad on Sunday hailed Union Finance Minister Nirmala Sitharaman as the pride of Tamil soil as she prepares to present her ninth consecutive Union Budget, a feat unmatched by any woman Finance Minister in India’s parliamentary history.In a statement, Prasad said Sitharaman, whom he described as a “cherished daughter of Mother Tamil and a sister to every Tamil”, embodies the seamless blending of Tamil cultural ethos with national res…
New Delhi, Jan 31 (IANS) Over 1.1 crore central government employees and pensioners look for cues from Finance Minister Nirmala Sitharaman’s Union Budget 2026-27 speech on Sunday, for any sign of an accelerated rollout of the 8th Pay Commission.However, the full implementation of salary and pension hikes in FY27 remains unlikely.On the Budget Day, only three months are over since the formal constitution of 8th Pay Commission. “The panel has been given an 18-month deadline to submit its report,…
Thiruvananthapuram, Jan 29 (IANS) Kerala Tourism Minister P.A. Mohamed Riyas on Thursday said the enhanced budgetary allocation for the tourism sector would impart strong momentum to both ongoing and proposed projects, particularly in infrastructure creation and destination development.The state Budget for 2026–27, presented by Finance Minister K.N. Balagopal in the Assembly, increased the allocation for tourism to Rs 413.52 crore from Rs 385.02 crore in the previous financial year, underlinin…
Thiruvananthapuram, Jan 29 (IANS) Leader of the Opposition V.D. Satheesan on Thursday launched a scathing attack on the Kerala Budget presented by Finance Minister K.N. Balagopal, alleging that the State’s fiscal credibility had been “completely destroyed” and that the LDF government was merely shifting its financial burden to the next dispensation.Echoing the criticism, Indian Union Muslim League (IUML) leader P.K. Kunhalikutty termed the document “the best budget of a failed government.”…
New Delhi, Jan 28 (IANS) The Budget Session of Parliament will begin on Wednesday with the address of President Droupadi Murmu to the joint sitting of both Houses.According to reports, Finance Minister Nirmala Sitharaman is likely to table the Budget on February 1, which falls on a Sunday — a rare occurrence that would require special arrangements.The Economic Survey, providing a comprehensive review of the economy, is anticipated to be laid before Parliament on January 29.Earlier this month, U…
New Delhi, Jan 12 (IANS) Union Agriculture Minister Shivraj Singh Chouhan on Monday met Finance Minister Nirmala Sitharaman and held extensive pre-Budget consultations on various aspects related to agriculture and rural development.He expressed confidence that the Budget for financial year 2026–27 will prove to be a milestone in realising the Prime Minister Narendra Modi’s resolve of ‘Prosperous Farmers, Empowered Villages’.Chouhan visited various states across the country and, apart fro…
Patna, Jan 5 (IANS) Deputy Chief Minister Samrat Choudhary paid a heartfelt tribute to former Bihar Deputy Chief Minister late Sushil Kumar Modi at a function organised on his birth anniversary. Remembering him as a towering figure in Bihar’s political landscape, Choudhary said that Sushil Modi’s untimely demise was deeply painful, but the best way to honour his memory would be to continue working in accordance with the principles and guidance he had left behind.Describing Sushil Kumar Modi …
New Delhi, Dec 26 (IANS) The Congress on Friday paid tributes to former Prime Minister Dr Manmohan Singh on his death anniversary, remembering him as a visionary leader who reshaped India’s economic trajectory and expanded opportunities for millions through far-reaching reforms and inclusive governance. Congress President Mallikarjun Kharge, Congress MP Priyanka Gandhi Vadra, and several senior party leaders took to social media to honour the legacy of the former Prime Minister, praising his hum…