The Hindu Businessline

Addressing political criticism, Naidu accused YSRCP of dragging Sri Venkateswara Swamy into controversies and defended his call for a Special Investigation Team to probe the matter.

Finance Minister Nirmala Sitharaman proposes support for cashew, cocoa and coconut grown in coastal areas

Sports goods equipment and apparel manufacturing is valued at $ 6.7 billion in 2025 and is projected to touch $ 10 billion by 2030

Mission Mausam aims to improve Indias ability to accurately forecast weather, in amore timelymanner

Finance Minister Nirmala Sitharamans Budget speech focussed on accelerating economic growth with significant reforms in manufacturing, infrastructure, and taxation

Significant capital to help enhance countrys transport network. Higher provision for national highways, expressways, and road connectivity in critical areas

Announcement cover plans for new Mega Textile Parks, special initiative for traditional crafts

Focussing on the medium term, it has provided incentives where required as part of the reforms process

The Budget maintains a fiscal deficit target of 4.3% of GDP while increasing capital expenditure to 12.2 lakh crore.

Finance Minister announced a scheme for container manufacturing to create a globally competitive container manufacturing ecosystem, with a budgetary allocation of 10,000 crore over a 5-year period

Textile industry is the second largest employment provider, next to agriculture and providing jobs to over 105 Million people, especially for the rural masses and women

Real GDP growth is projected at 6.8-7.2 per cent for the coming fiscal, underpinned by a calibrated mix of growth-oriented capital spending and disciplined fiscal management

New measures to help strengthen dairy, poultry value chains, improve productivity

The measure allows more funds to flow directly for students and patients abroad while reducing the need to claim tax refunds

The finance minister introduced a credit guarantee support mechanism through CGTMSE for invoice discounting on TReDS platforms

The interests of Tamil Nadu have been completely ignored and the budget has got nothing for the poor, women, farmers and the marginalised, he said

Naveen Kumar outperformed five other finalists to secure the top honours

New Budget initiative builds on Lakhpati Didi programme; aims to move rural woman entrepreneurs from self help groups to enterprise ownership to sale and promote their rural and agricultural products

The proposed STT increase from 0.02 per cent to 0.05 per cent on futures emerged as the primary catalyst for the rout

The move, aimed at curbing arbitrage, is expected to boost government revenue while reducing SGB liquidity and attractiveness for second-hand investors

The Minister has trimmed the fat by withholding funds from underperforming schemes, sending a clear message that last year's major announcements require actual implementation to earn continued investment

CM also expressed disappointment over the finance commission allocation, noting that the rejection of the demand to increase Kerala's share, which remains at 41 per cent, undermines federal principles.

The stock ended at 1,610.20, up 0.95% on the BSE

Finance Minister Nirmala Sitharaman proposed five new tourism destinations in the Purvodaya States, the launch of Buddhist Circuits across Arunachal Pradesh, Sikkim, Assam, Manipur, Mizoram, and Tripura, and provision of 4,000 e-buses

Explore the key sector-wise announcements presented in Indias Budget 2026 for economic growth and investment

Budget doubles individual portfolio investment scheme cap and lifts aggregate ceiling for overseas investors

Eastern India, mineral-rich states and the Northeast emerge as major beneficiaries

Discover the key highlights and takeaways from the 2026 Union Budget, focusing on economic growth, infrastructure, and tax reforms

Sensex, Nifty, Share Price Highlights: Benchmark indices were trading in sharply negative territory after the Budget proposed taxing buyback for all types of shareholders as capital gains, and the securities transaction tax on futures was raised to 0.05% from present 0.02%. STT on options premium and exercise of options are both proposed to be raised to 0.15% from the present rate of 0.1% and 0.125%, respectively.

The Union Budget 2026-27 maintained the status quo on direct tax rates

New initiatives include creating a National Institute of Hospitality, upskilling 10,000 guides at iconic sites, and establishing a National Destination Digital Knowledge Grid.

Measures to attract foreign investment, including higher PMS limits for NRIs, drew positive response, while market innovations like total return swaps and a market-making framework boosted investor confidence

Customs duty exemption for manufacturing, VGF scheme for sea plane operations

It also proposed that the business income of units from IFSC after the expiry of period of deduction will be taxed at rate of 15 per cent

Industry awaits clarity on eligibility and caps; level-playing field to be ensured for units operating outside the SEZs in the domestic market

Capex push, biopharma and electronics manufacturing schemes anchor growth strategy

The economy is forecast to grow 7.4% in the current financial year, with inflation likely to be near 2%. The fiscal deficit for the year is set to be 4.4% of gross domestic product

NSE MD Ashish Chauhan said that the increase in STT is unlikely to affect the proposed IPO of the NSE or companies that are already listed

Indias latest budget outlines big spending on infrastructure and manufacturing, creating clear winners in pharma and electronics, even as higher derivatives taxes pressure brokers and investors.

New EastWest Freight Link proposed in the Union Budget FY27

By linking tax benefits to serving global customers from India, the policy seeks to turn the country into an export hub for cloud computing

Funds support broadcasting infrastructure, AIR digitalisation and DTH upgrades

She also said that the separate accounting requirement based on ICDS will be done away with from the tax year 2027-28

Higher transaction tax on futures and options aims to cool speculation, but may pressure brokers and active traders

Defence Secretary RK Singh told businessline that the Ministry of Finance has agreed tothe unprecedented hike in the budget sought by the Ministry of Defence on the basis of improved absorption and strategic challenges

Last years Budget increased the minimum threshold for TCS collection for LRS remittances to 10 lakh from the earlier 7 lak

Gold, silver remain under pressure; traders attribute decline to global macro factor, rather than Budget announcements

Budget removes earlier distortions in buyback taxation, easing compliance for investors while tightening promoter treatment

1 kg Silver price as reported today, February 1, 2026 across Indian cities