Gujarat Finance Minister Kanubhai Desai on Wednesday presented a Rs 4.08 lakh crore Budget for 2026-27 in the Assembly with a focus on tourism promotion and creation of sports infrastructure ahead of the 2030 Commonwealth Games. The Budget, with an estimated surplus of Rs 974 crore and no new taxes, continued the 5 per cent tax rebate for electric vehicles. The total outlay increased by Rs 37,803 crore or 10.2 per cent to Rs 4,08,053 crore over the previous financial year, Desai said. A major highlight of the Budget was the state government's roadmap to develop Ahmedabad as an "Olympic Ready City" ahead of the 2030 Commonwealth Games, which Gujarat will host. The minister proposed an allocation of Rs 1,278 crore for infrastructure related to the upcoming Games. This includes the development of international-level sports complexes and stadiums, and strengthening urban transport connectivity around key venues. A total provision of Rs 1,331 crore has been made for the sports departme
Assam Finance Minister Ajanta Neog on Tuesday presented a Rs 62,294.78 crore interim budget for the financial year 2026-27, ahead of the assembly elections due in a couple of months. Tabling her last budget before the state goes into polls, Neog said Assam is, at present, the fastest-growing state in India as per the RBI data. "I seek a vote on account on the demands for grants for the initial months of the financial year 2026-27, amounting to Rs 62,29,478.30 lakh to enable the government to carry on with its normal services pending full budget," she said. In her 33-page budget speech, Neog said Assam is poised to become a Rs 10 lakh crore economy by 2028, ahead of the state's own 2030 target for the same. "At constant prices, the state's Gross State Domestic Product expanded by 45 per cent between FY 2019-20 and FY 2024-25, significantly outperforming the national growth average of 29 per cent," she added. The finance minister said Assam's per capita income has more than doubled
Jammu and Kashmir Chief Minister Omar Abdullah on Friday presented the Budget for 2026-2027 in the Legislative Assembly, and said the financial plan aims to lay a strong foundation for sustainable growth, social harmony, and economic prosperity in the Union Territory. He said his government is committed to transforming the Union Territory into a modern, progressive and economically vibrant region by promoting investment, innovation and participatory governance. "With deep humility and unwavering resolve, I rise today to present my second Budget as Finance Minister. It is a privilege to be entrusted with the responsibility of shaping the financial future of our land," Abdullah said while presenting the Budget. Describing the Budget as a roadmap for development, he said, "This Budget is not merely a ledger of figures, it is a fiscal compass charting our path towards a brighter horizon. It lays strong foundations for enduring economic growth, social harmony and sustainable prosperity.
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Orient Electric Ltd on Thursday reported a decline of 4.37 per cent at Rs 25.98 crore for the December quarter of FY26. It had posted a net profit of Rs 27.17 crore in the October-December quarter of the previous year, according to a regulatory filing from the CKA Birla group firm Orient Electric Ltd (OEL). However, its revenue from operations rose 11 per cent to Rs 906.45 crore in the December quarter of FY26 from Rs 816.82 crore in the corresponding period last fiscal. Its revenue from Electrical Consumer Durables increased 12.6 per cent to Rs 646.72 crore in Q3 FY26 as against Rs 574.33 crore a year ago. OEL's revenue from Lighting & Switchgear stood at Rs 259.73 crore, up 7.1 per cent. Total expenses of OEL were at Rs 864.42 crore, up 10.55 per cent in the December quarter. OCL's total income, which includes other income, was at Rs 908 crore, up 11 per cent. Meanwhile, in a separate filing, OEL informed its board in a meeting held on Thursday also approved an Interim Dividen
The Union Budget may allocate ₹2.7-2.75 trillion to railways in FY27, a modest hike as the government sustains capex momentum and shifts focus to quality and capacity upgrades