Page 12 - Budget 2026 News

Heritage Foods hails Budget as watershed moment for dairy, livestock sector

The company's Executive Director Brahmani Nara said the Union Budget 2026 marks a significant milestone for India's dairy and livestock sectors

Budget 2026: Centre allocates ₹30 crore for Lokpal; ₹54.56 crore to CVC

Anti-corruption ombudsman Lokpal has been given ₹30 crore for the next fiscal while probity watchdog Central Vigilance Commission has been given ₹54.56 crore

Budget 2026-27: Govt sets up panel to study AI impact on services sector

Union Budget 2026: The Centre plans a high-powered panel to assess how AI is changing services, employment and skills, while aiming to raise India's global share in services to 10% by 2047

Budget 2026 offers six-month window to disclose overseas income and assets

Missed declaring foreign income or assets? Budget 2026 offers a second chance

Budget 2026: FM Sitharaman keeps LTCG tax rates unchanged for FY27

The Union Budget 2026 keeps long-term capital gains tax rates unchanged, while buyback proceeds will be taxed as capital gains; securities transaction tax on commodities futures has been increased

Budget 2026: Govt raises infra spending by 8.8% to record ₹12.2 trillion

India has significantly raised infrastructure spending after the Covid-19 pandemic, aiming to boost economic growth and create more jobs in the world's most populous country

Derivatives trading to get costlier: STT on options premium raised to 0.15%

Budget 2026 raises STT on options and futures to curb speculation

Budget 2026: What the sodium antimonate duty cut means for the solar sector

Union Budget 2026 removes basic customs duty on sodium antimonate, a specialised chemical used in photovoltaic glass, offering cost relief and competitiveness gains for solar glass manufactures

Budget 2026: Govt allocates ₹600 crore for three dedicated chemical parks

For the first time, the Union Budget provides a dedicated allocation for chemical parks, with ₹600 crore earmarked in the Budget Estimates for 2026-27

Decoded: Share buybacks to be taxed as capital gains under Budget 2026

In a big relief to minority shareholders, now buyback of shares will again be taxed as capital gains tax and hence long term shares tendered in buyback will be taxed only at 12.5% as against the norma

Budget 2026: Biopharma to medical tourism, push for healthcare value chain

In Union Budget 2026, FM Nirmala Sitharaman announces ₹10,000 cr Mission Biopharma Shakti, 1,000 clinical trial sites, 10,000 new medical seats, Customs relief on key drugs, and 5 medical tourism hubs

Budget 2026: Centre announces ₹20,000 cr plan to scale carbon capture tech

Union Budget 2026: The Centre will launch a ₹20,000 crore scheme over five years to promote carbon capture technologies across power, steel, cement, refineries and chemical sectors

Budget proposes to set up dedicated REITs to recycle CPSE realty assets

Experts say the proposal could expand investable real estate supply, deepen markets and provide liquidity

Income Tax Act 2025 to be implemented from April 1: FM Sitharaman

The Income Tax Act, 2025, will come into force replacing the six-decade-old tax law on April 1

Govt proposes launch of Khelo India mission to transform sports sector

The Khelo India programme was launched in 2017 with objective to hold national level competitions across age groups for talent identification

FM proposes duty-free imports of specified inputs for leather exports

The move will help provide cushion to leather exporters who are reeling under the steep 50 per cent US tariffs

FM announces ₹10,000 cr container manufacturing scheme, 20 new waterways

New ship repair facilities for river vessels, coastal cargo promotion scheme also announced

Budget 2026: FM Sitharaman pegs fiscal deficit at 4.3% of GDP for FY27

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

Missed your tax deadline? Budget 2026 offers relief with March 31 extension

The move gives individuals more time to correct errors or file returns that were missed earlier in the assessment year.

Budget 2026: Buying property from an NRI? TDS rules will now get simpler

The move is aimed at easing compliance for resident buyers, who earlier had to apply for a TAN solely to deposit TDS when purchasing property from non-resident Indians (NRIs).