Union Budgets

Public Sector Banks (PSBs) have recorded an all-time high net profit of Rs 1.98 lakh crore in 2025-26 fiscal year, marking the fourth straight year of profitability, the finance ministry said on Tuesday. Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said. Aggregate operating profit reached Rs 3.21 lakh crore, while aggregate net profit increased by 11.1 per cent y-o-y to a historic high of Rs 1.98 lakh crore, marking the fourth consecutive year of aggregate profitability for PSBs. The aggregate business of PSBs increased to Rs 283.3 lakh crore as on March 31, 2026, registering growth of 12.8 per cent over the previous year. Aggregate deposits rose 10.6 per cent year-on-year to Rs 156.3 lakh crore, reflecting continued depositor confidence and strong resource mobilisation by PSBs. Gross advances registered growth of 15.7 per cent year-on-year at Rs 127 lakh crore, indicating sustained cr

Pak ranked 31st in the report; global military expenditure stood at record $2,887 billion

The government has halved RoDTEP incentives with immediate effect, reducing rebate rates and value caps across categories, a move expected to raise exporters' costs amid global uncertainty

The past months have witnessed trade deals with economic giants augmenting investor-friendly confidence in India's global trade agenda

The exchange said industry representations have flagged concerns over the Budget-announced STT hike, though past increases have not had a significant negative impact on trading volumes

The Finance Minister presented the Budget in Kartavya Bhawan anchored in three core kartavyas - driving economic growth, empowering citizens, and ensuring equitable access to opportunity

Budget 2026-27 raises census allocation to a record ₹6,000 crore, but its share of total expenditure remains lower than in previous census years

Industry executives say the Budget's focus on data centres, city economic regions and infrastructure funding for tier 2 and 3 cities could spur demand across industrial, warehousing, office and reside

Private consumption grows 7% in FY26, but its GDP share stays flat as household finances remain strained despite rising consumer confidence

Sitharaman's Budget speech can be watched live on television, online platforms, and on the Business Standard website

IIP growth was fastest in 26 months at 7.8 per cent in December

Consumer optimism around India's long-term growth goals has softened ahead of Budget 2026, with households prioritising tax relief, job security and financial stability, a Kantar survey shows

With India's senior population rising, industry executives want wider NPS tax benefits and simpler pension rules in Budget 2026

Parliament's Budget Session begins as longer sittings contrast with limited debate on expenditure and fewer bills introduced and passed in recent years

Bombay Chambers says graded residency norms introduced in 2020 have made tax status harder to assess for visiting NRIs and PIOs

The Budget session will start on January 28 and continue until April 2 in two phases. The first phase ends on February 13, with Parliament reconvening on March 9

The Centre may amend the RDB Act in the FY27 Budget to earmark DRTs for high-value cases, speed up recoveries and reduce pendency clogged by low-ticket litigation

The state government on Saturday urged the Centre to address Karnataka's "shrinking fiscal space" in the Union Budget 2026-27, stating that the state is under mounting pressure due to GST changes, rising social commitments and rapid urbanisation. Karnataka Revenue Minister Krishna Byre Gowda, on behalf of the state government, handed over a representation to Union Finance Minister Nirmala Sitharaman at the Union Pre-Budget Meeting for 2026-27 in Delhi today. In a release issued by the Chief Minister's Office, Gowda said, "Karnataka is a major contributor to national growth, but is facing shrinking fiscal space amid GST changes, rising social commitments, climate shocks, and rapid urbanisation. States' responsibilities have expanded faster than their revenues, necessitating corrective fiscal measures in Budget 2026-27." The minister also flagged the fiscal and employment impact of replacing the demand-driven Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the ..

Every year, the Union Budget decides far more than government spending priorities. It quietly shapes how much you earn, spend, save, borrow, and invest.

Finance Minister Nirmala Sitharaman on Friday met experts from infrastructure and energy to elicit their views on the forthcoming Budget for FY27. Those present at the meeting include Afcons Managing Director S Paramasivan, Shapoorji Pallonji Infrastructure Capital Director Manish Tripathi, GMR Group Deputy Managing Director K Narayanarao, JM BAXI Group Director Sandeep Wadhwa and Infravision Foundation CEO Jagan Shah, among others. "Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the 11th Pre-Budget Consultation with the experts from the #Infrastructure and #Energy Sectors in connection with the forthcoming Union Budget 2026-27, in New Delhi, today. "The meeting was also attended by Secretaries of @MinOfPower; @shipmin_India; @MORTHIndia; Chairman of Railway Board; and the Chief Economic Adviser to the Government of India," the Ministry of Finance said in a social media post on X. Sitharaman is likely to present the Budget on February 1. She will present