Finance Minister Nirmala Sitharaman referenced a social media post shared by billionaire Elon Musk to highlight India’s increasing role in global GDP growth. Musk’s post, based on IMF projections, showed that India is expected to contribute 17% to global GDP growth in 2026, placing it second only to China’s share of 26%. Sitharaman’s Message to.
New Delhi: Finance Minister Nirmala Sitharaman announced an allocation of Rs 7.8 lakh crore for the country’s defence sector in the Union Budget for 2026-27, representing a 15 per cent increase over the corresponding figure of Rs 6.81 lakh crore for the previous financial year. Sharp Rise in Capital Outlay for Military Modernisation The defence.
New Delhi: Finance Minister Nirmala Sitharaman on Sunday proposed a set of direct tax proposals aiming at rationalising penalty and prosecution, to integrate assessment and penalty proceedings by way of a common order for both to avoid multiplicity of proceedings. Non-production of books of account and documents, and the requirement of TDS payment, where payment.
New Delhi: 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.
Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2026–27 on Sunday, announced the launch of a multilingual artificial intelligence (AI) agriculture tool aimed at helping farmers make better decisions, increase productivity, and reduce risks in farming activities. The tool is designed to provide customized agricultural advisories in multiple Indian languages, strengthening support available.
Ahead of the presentation of the Union Budget 2026–27 in the Lok Sabha, physical copies of the Budget documents were brought to Parliament House in New Delhi on Sunday. Although digital copies are widely used and live streaming of the speech is available online, printed versions of key Budget paperwork were formally delivered for parliamentary.
Finance Minister Nirmala Sitharaman honoured Tamil Nadu’s rich weaving legacy by wearing a handwoven Kanchipuram (Kanjeevaram) silk saree on Budget Day 2026 as she arrived to present the Union Budget 2026–27 in Parliament. The traditional attire reflects pride in India’s indigenous textile heritage and showcases the craftsmanship of the country’s handloom artisans. Her choice this.
Ahead of Union Budget 2026, President Droupadi Murmu offered the customary dahi-cheeni (curd and sugar) to Union Finance Minister Nirmala Sitharaman at Rashtrapati Bhavan in New Delhi. This age-old Indian tradition is considered an auspicious gesture symbolizing good luck and success before undertaking important responsibilities. The finance minister arrived at the presidential residence with her.
New Delhi: As Finance Minister Nirmala Sitharaman gears up to table the Union Budget 2026-27 in Parliament on February 1, economists say the emphasis this year will be on defence, infrastructure, capex, power, and higher growth in affordable housing, apart from balancing social welfare with fiscal prudence. Besides, policymakers will also balance growth priorities with.
New Delhi: 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. Implementation Timeline Makes FY27 Rollout Unlikely.
