Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament on Sunday, detailing the government’s approach to foster economic growth by increasing capital expenditure while following a steady course of fiscal consolidation. As per the Budget documents, the federal government of India is set to borrow a record ₹17.2 lakh crore for the 2026–27…
This time no funds were allocated for the Chabahar Port project in the Union Budget. This step has been taken in the background of America imposing new sanctions on Iran. For the last few years, India has been spending Rs 100 crore every year on the huge connectivity project going on in Sistan-Baluchistan province located…
Budget 2026: Indian stock market benchmarks – Sensex, Nifty 50 are likely to witness a cautious to mildly negative opening on February 2 as investors continue to process key Budget announcements along with weak global cues. The absence of market-friendly tax relief and the sharp increase in Securities Transaction Tax (STT) on derivatives are expected…
Assam Chief Minister Himanta Biswa Sarma has praised the Union Budget 2026-27. He termed it a ‘reform-oriented’ budget and said that Assam and the entire eastern region will benefit significantly. Himanta Biswa Sarma made several posts on social media platform X, in which he listed several points of the budget. He said that Assam is…
VK Vijayakumar, Chief Investment Strategist of Geojit Investments, hailed the budget for its focus on long-term growth. “The Finance Minister (FM) has delivered what the economy needs, at this juncture,” he said in an interview with Mint. While the Indian stock market suffered a sharp loss due to the STT hike, Vijayakumar noted that it…
MCX Share Price Crash: Amidst the sharp turmoil in the commodity market, heavy selling was seen in the shares of Multi Commodity Exchange (MCX) on Saturday, February 1. MCX shares fell by about 17% and reached the lower circuit of Rs 2,146. This is the biggest fall in the stock in 5 years. The main…
India has increased its defense budget by another Rs 1 lakh crore, which is sure to make Pakistan sweat. India has allocated about Rs 64 crore only for fighter jets and aero engines. On Sunday (February 1, 2026), Finance Minister Nirmala Sitharaman presented the budget, in which Rs 7.85 lakh crore has been allocated for…
In the budget presented by the Government of India for 2026-27, there has been a record increase of 15 percent in the defense sector. Nirmala Sitharaman has announced a budget of Rs 7.85 lakh crore for the defense sector in the general budget presented on Sunday (February 1). Out of this, Rs 2.19 lakh crore…
The proposal in the Union Budget 2026-2027 to increase the Securities Transaction Tax (STT) on futures and options (F&O) transactions rattled the Indian stock market investors, triggering a nearly 2% decline in the benchmark indices, Sensex and Nifty 50. In her Budget speech, Finance Minister Nirmala Sitharaman announced a sharp hike in STT – by…
Sports Budget 2026: Finance Minister Nirmala Sitharaman presented the budget for 2026-27 in Parliament on 1 February. The Central Government has indicated that efforts will be made to strengthen the entire sports system in India. The Finance Minister announced an infrastructure and grassroots sports development schemes. He also said that India has the potential to…
