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The Hindu

Business / The Hindu

Union Budget 2026: Activists slam allocation for rural jobs schemes

Activists say 30,000 crore for MGNREGS is unclear and likely to be absorbed by dues; warn Centres 95,692 crore for VBGRAMG is far below whats needed for 125 days of work

3 Feb 2026 1:41 am
Visible progress, invisible exclusion

India is perfecting a growth model designed to function with clinical efficiency, while quietly leaving its vast labour force behind

3 Feb 2026 1:39 am
Rise in southern States share in devolution of funds provides no relief to Tamil Nadu

The share of Tamil Nadu, which was 4.079% in the 15th FC, rose to 4.097% now, accounting for a rate of increase of only 0.44%; as part of horizontal devolution, the weights assigned to the criteria of area, demographic performance and per-capita GSDP (Gross State Domestic Product) have reduced affecting States like T.N and Kerala

3 Feb 2026 12:24 am
Donald Trump holds telephone discussion with PM Modi as Jaishankar reaches U.S.

The conversation between Trump and Modi is the first since the U.S. leader convened a Board of Peace consisting of multiple global leaders aimed at ending the crisis in Gaza Strip.

2 Feb 2026 10:18 pm
First tranche of research innovation fund to be spent by March

Although allotted 20,000 crore for the Financial Year 2025-26, the Department of Science and Tehnology has not been able to spend any of that corpus until January

2 Feb 2026 9:41 pm
Discussions are ongoing on how to deal with regulation on investments from China: DEA Secretary

Economic Affairs Secretary Anuradha Thakur said that while the Ministry of Finance was not discussing the issue, talks were on in other Departments of the government.

2 Feb 2026 9:19 pm
Engine fuel switches malfunctioned on Air India London-Bengaluru Boeing 787-8 aircraft

Unclear why the flight took off despite tech glitch; same malfunction was at the heart of the AI 171 crash of June 12, 2025

2 Feb 2026 8:53 pm
Union Budget 2026: No influence of issues with U.S. in customs duty cuts, says Nirmala Sitharaman

The Finance Minister added that the Centre has already started using cess proceeds, usually its domain exclusively, in matters that are in the States list of responsibilities

2 Feb 2026 6:58 pm
Budget 2026: Activists flag opacity, underfunding in rural jobs schemes

Activists say 30,000 crore for MGNREGS is unclear and likely to be absorbed by dues; warn Centres 95,692 crore for VBGRAMG is far below whats needed for 125 days of work

2 Feb 2026 6:46 pm
Budget seeks to attract global business and investment providing fillip to toll manufacturing, MAT exemptions

The finance minister proposed five-year exemption for toll manufacturing of electronic goods in India alongsiderationalisation of the MAT regime

2 Feb 2026 6:01 pm
GAIL targeting to add 85 new CNG stations in next two years

In an investor call, GAILs Director for Finance also estimated global prices of natural gas to soften.

2 Feb 2026 5:45 pm
Chennais India International Leather Fair showcases 2026s trends: Corsets, athleisure and cowboy chic

At the India International Leather Fair (IILF) in Chennai, manufacturers, designers and institutes presented 2026 leather trends from embellished outerwear to Western-inspired silhouettes for buyers from around the world

2 Feb 2026 5:43 pm
Stock markets rebound over 1% on value buying after Budget day drubbing

The 30-share BSE Sensex rallied 943.52 points or 1.17%, to settle at 81,666.46. During the day, it surged 1,009.31 points or 1.25% to a high of 81,732.25

2 Feb 2026 4:48 pm
Budget focusses on investment as tool for growth; deficit target outlines governments priority, says Sitharaman

Union Finance Minister also said the volatility in gold prices is due to global uncertainty, and many central banks are investing in gold.

2 Feb 2026 4:42 pm
FPIs withdraw 36,000 crore in January amid global uncertainties; higher STT to weigh on sentiments

The continued selling pressure by FPIs reflects a combination of global and domestic drivers impacting foreign investor sentiment

2 Feb 2026 4:30 pm
Rupee rises 42 paise to close at 91.51 against U.S. dollar

Forex traders said the Reserve Bank of India (RBI) seemed to be defending the 92 per dollar level with a lot of resolve

2 Feb 2026 4:16 pm
India's Budget advances critical reforms across customs and strategic sectors that boost investment: USISPF

The support in the Budget for semiconductors, electronics manufacturing, healthcare, agriculture, and logistics will help fuel next-generation growth, the President and CEO of USISPF said

2 Feb 2026 4:04 pm
Hyundai Motor India Q3 profit after tax up 6.35% at 1,234.4 crore

Consolidated total revenue from operations in the third quarter stood at 17,973.49 crore as against 16,647.99 crore in the year-ago period

2 Feb 2026 3:45 pm
Building startups in Kerala: what a decade of Kerala Startup Mission shows

From college labs to global markets, Kerala Startup Missions decade-long push has shaped how founders scale ideas across robotics, agritech and edtech. From 300 startups in 2016 to over 7,800 today, how has the State shaped Keralas technology ecosystem?

2 Feb 2026 3:08 pm
The Hindu Editorial | Credible and creditable: On Union Budget 2026-27

Budget 2026 avoids major direct tax cuts, raising concerns for individuals and corporations seeking relief. Fiscal prudence and subdued revenue projections signal a cautious approach amid global economic uncertainties.

2 Feb 2026 2:10 pm
Maruti Suzuki January 2026 wholesale rises 11.6% YoY to 2.37 lakh units

Maruti Suzuki celebrates record-high January sales, driven by strong domestic demand and a significant surge in exports

2 Feb 2026 1:46 pm
Pocket-size politics: Budget 2026 in cartoons

In this cartoon collection, Pocket-size politics shows how high-level policy hits the average persons wallet

2 Feb 2026 12:23 pm
India's manufacturing sector activity witnesses slight recovery in January: PMI

The seasonally adjusted HSBC India Manufacturing Purchasing Managers Index (PMI), rose from a two-year low of 55 in December to 55.4 in January

2 Feb 2026 12:22 pm
Oracle says it plans to raise up to $50 billion in debt and equity this year

Oracle, chaired by billionaire Larry Ellison, said it plans to achieve its funding objectives using a combination of debt and equity financing

2 Feb 2026 11:30 am
Union Budget 2026: Infrastructure

A collection of articles on what the Budget proposes for infrastructure

2 Feb 2026 11:25 am
Rupee rises 37 paise to 91.56 against the U.S. dollar in early trade

Forex traders said for the rupee, the budget offered reassurance, not relief. Moreover, the governments high borrowing plan is likely to weigh on investor sentiments

2 Feb 2026 11:10 am
Union Budget 2026: Social sector

A collection of articles on what the budget offers for social sector

2 Feb 2026 11:07 am
Apple handed a win as India lets foreign firms fund equipment without tax risk

The earlier rules did not affect Apples South Korean rival Samsung as almost all of its phones are made in its own Indian factories, and not by contract manufacturers

2 Feb 2026 10:49 am
Union Budget 2026: Economy

A collection of articles on what the Budget offers for the economy.

2 Feb 2026 10:46 am
2 Feb 2026 10:24 am
Stock markets bounce back in early trade after sharp decline on Budget day

The 30-share BSE Sensex climbed 302 points to 81,024.94 during initial trade. The 50-share NSE Nifty went up by 59.25 points to 24,884.70

2 Feb 2026 10:20 am
Nvidia CEO insists 'huge' investment in OpenAI on track

Nvidia chief executive Jensen Huang has insisted the US tech giant will make a huge investment in OpenAI

2 Feb 2026 9:30 am
BMS slams Budget 2026 calls it worker-deficient

BMS national vice president M. Jagadiswara Rao noted that while the emphasis on labour-intensive sectors, along with initiatives like Samarth 2.0 and MSME liquidity and equity support may generate employment, without adequate wages and social security protection, it cannot be termed as inclusive development

2 Feb 2026 8:35 am
Grammy Awards 2026: The Dalai Lama, K-pop win first Grammys, Steven Spielberg achieves EGOT status

The Dalai Lama won his first Grammy for audio book, narration and storytelling recording, beating out Supreme Court Justice Ketanji Brown Jackson

2 Feb 2026 6:28 am
Government proposes to exempt award given by Motor Accident Claims Tribunal from income tax

According to the Budget document, the provisions of the Motor Vehicles Act, 1988, inter alia, provide for compensation and an interest on the compensation to be awarded by the tribunal to an individual or his/her legal heir, on account of death or permanent disability or any bodily injury under the said Act

2 Feb 2026 3:53 am
Something out of ordinary: Nirmala Sitharaman interacts with college students who witnessed Parliament's Budget session live

Union Finance Minister Nirmala Sitharaman spoke about the efforts that are being made to ensure a better India for students while drawing a contrast with the India she grew up in

2 Feb 2026 3:10 am
Union Budget 2026 falls short of expectations in poll-bound West Bengal

West Bengal Chief Minister Mamata Banerjee said that the Budget had nothing to offer to people of the State. The Bharatiya Janata Party (BJP) leadership said that the infrastructure push through rail and freight corridors will push economy of the State.

2 Feb 2026 1:22 am
What the new fiscal rule means for growth and spending

Deficit reduction in FY27 is driven largely by cuts in development expenditure, particularly in the rural and agricultural sectors

2 Feb 2026 1:08 am
Pushing welfare towards the States

The arena of welfare spending has now shifted to the States, while the Centre continues to drive the agenda by legislating and setting norms

2 Feb 2026 12:58 am
Indias defence budget: a case for higher allocation

In the context of Indias rapidly evolving security requirements, its defence budget is middling. Our security outlays must be assessed in the context of the resources committed by nations that pose a threat to India, rather than in isolation

2 Feb 2026 12:56 am
Budget 2026-27 falls short of expectations in poll bound West Bengal

West Bengal Chief Minister Mamata Banerjee said that the Budget had nothing to offer to people of the State. The Bharatiya Janata Party (BJP) leadership said that the infrastructure push through rail and freight corridors will push economy of the State.

2 Feb 2026 12:52 am
Building on a tax gamble that did not pay off

The government should have gone back to the drawing board if its existing strategies were not working

2 Feb 2026 12:48 am
Debating Union Budget 2026 as turning point or tinkering

Budget 2026-27 needs to be read in the context of much geopolitical turmoil

2 Feb 2026 12:41 am