Officials said the higher provisioning also means that the Food Corporation of India might not have to rely on borrowing or any other means in FY27 to fund its shortfall
Budget 2026 outlines seven high-speed rail corridors linking cities such as Mumbai-Pune and Delhi-Varanasi, aiming to cut travel time, reduce carbon emissions and support balanced regional development
Union Budget 2026: Finance Minister Nirmala Sitharaman unveils Biopharma Shakti, a ₹10,000 crore, five-year plan to boost domestic biologics, biosimilars, clinical trials and regulatory capacity
Union Budget 2026 scales up capital spending to ₹12.2 trillion, keeping infrastructure at the centre of growth while signalling continued commitment to fiscal consolidation
FM Nirmala Sitharaman pegged FY27 fiscal deficit at 4.3% of GDP, signalling continued fiscal consolidation, with net tax receipts seen at ₹28.7 trillion and higher tax devolution to states
Key GDP and inflation metrics will be revised in February as MoSPI updates base years, meaning several assumptions underpinning Budget 2026 will be recalculated soon after the speech
Goyal added that talks for a trade pact have started with the Mercosur group of countries to expand the existing PTA (preferential trade agreement)
Cess collection from tobacco products in January stood at ₹5,768 crore, sharply lower than ₹13,009 crore a year earlier, when a cess also applied to luxury, sin and demerit goods such as cars
Donald Trump claimed India will buy Venezuelan oil instead of Iranian crude as Washington moves to cut Russia-linked oil trade and ease some sanctions on Venezuela
The India-EU FTA grants zero-duty access across the full spectrum of textile and apparel tariff lines, thereby positioning Indian exporters on an equal footing with competitors
He expressed confidence that "good news" on this front will be announced in the near future
The European Union is the largest market for India's footwear and leather sectors, accounting for 43 per cent of exports, Council for Leather Exports Executive Director R Selvam said
Banerjee cautioned that policy unpredictability, combined with internal polarisation, was undermining the country's credibility as a long-term investment destination
The US effort to supply Venezuelan crude to India comes as Washington also seeks to reduce Russian oil revenues that are funding the war in Ukraine
India's exports to the EU could double to $150 billion within five years of the FTA, says Piyush Goyal, stressing balanced market access while protecting sensitive sectors
India's new CPI series, with lower food weight and higher core components, may nudge headline inflation higher but is expected to improve policy predictability and ease RBI's targeting
CEA V Anantha Nageswaran says industry cannot be protected forever, backs reforms for sustained 7% growth, and stresses innovation and exports as key to India's economic future
New five-year partnership framework with India will focus on private sector-led job creation, skills, infrastructure and mobilisation of private capital
India contained its FY26 fiscal deficit at 54.5% of Budget Estimates for April-December, aided by higher non-tax revenues and controlled spending despite a December capex dip
CAG data show states spent just 45.8% of their FY26 capital outlay in the first nine months, sharply lagging the Centre's capex performance