Page 7 - Budget 2026

High-level banking panel for Viksit Bharat a key step: Bandhan Bank founder

Bandhan Bank founder and Group Chairman Chandra Shekhar Ghosh on Monday said the Union Budget's proposal to set up a High Level Committee on Banking for Viksit Bharat is a significant step towards aligning the banking sector with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. In the budget, Finance Minister Nirmala Sitharaman proposed formation of the panel to comprehensively review the banking sector, and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. She also outlined a proposal for NBFCs with clear targets for credit disbursement and technology adoption, and suggested the restructuring of public sector NBFCs such as Power Finance Corporation and Rural Electrification Corporation to improve scale and efficiency. Ghosh said the proposed committee may play a key role in shaping the future regulatory and policy framework for banks, particularly those engag

Opened a bank account abroad and forgot to report it? Here's the fix

Missed reporting a foreign bank account or asset after returning to India? Budget 2026 opens a one-time six-month window to fix it without prosecution

SEZ sale relaxation in Budget to boost import substitution, jobs: Comm Secy

The Budget's proposed conditional relaxation to allow special economic zone (SEZ) units to sell goods in the domestic market will help promote import substitution and create new jobs, Commerce Secretary Rajesh Agrawal said. He said the details of the announcements will be rolled out in the next 2-3 months. The government on Sunday announced a one-time measure to allow SEZ units to sell their goods in the domestic market at concessional import duty rates, subject to certain quantitative restrictions. It was a long-pending demand of these zones as they were not able to sell their excess production due to global uncertainties and high import duties in India on labour-intensive sectors. The secretary said the proposal will help buy goods from SEZs rather than importing from third countries. "It will help in import substitution and better job creation. It will also provide a level playing field to DTA (domestic tariff area) firms (vis-a-vis SEZs)," Agrawal told PTI. About 7-8 sectors,

Budget 2026, NEP: How Indian students can save 20-40% on foreign education

Education Budget 2026: Lower TCS under the Liberalised Remittance Scheme eases upfront costs for families funding overseas education and medical treatment

Budget stresses investment for growth, deficit target shows priorities: FM

Finance Minister Nirmala Sitharaman on Monday said the Union Budget for FY27 has focussed on investment as a priority tool for boosting consumption, and the trajectory of fiscal deficit shows that the government's priority is growth. Interacting with the media after the 2026-27 Budget presentation, Sitharaman also the volatility in gold prices is due to global uncertainty, and many central banks are investing in gold. "It also shows that investors do not have confidence in any one particular currency. and hence the rush to buy gold," Sitharaman said. Talking about hike in securities transaction tax (STT) on F&O trades, the minister said it is a "sort of deterrence so that people do not go headlong in speculative" derivative trading. The Budget has proposed an increase in STT on futures contracts to 0.05 per cent from 0.02 per cent. STT on options premium and exercise of options are proposed to be raised to 0.15 per cent from the present rate of 0.1 per cent and 0.125 per cent, ...

FY27 Budget to boost manufacturing, infra sectors: Crisil Intelligence

Crisil Intelligence said that the Budget aims to strengthen both manufacturing and services to support the next phase of growth

Sensex recovers 1,279 pts from day's low; check key reasons for the rally

The rebound came after a sharp-sell off witnessed during the special trading session on Sunday, February 1, 2026 as Finance Minister Nirmala Sitharaman presented the Budget 2026

Tax slabs FY27 unchanged: Experts on which tax regime saves you more now

New regime typically wins unless deductions are high enough to tilt the calculation toward old, says expert

Budget 2026 and crypto tax: Experts decode tighter reporting rules

Tighter reporting norms bring crypto closer to mainstream financial standards: Experts

Adani Group stocks in focus; Enterprises, Ports, Green Energy gain up to 5%

However, thus far in the calendar year 2026, the Adani Group stocks have underperformed the market by falling up to 19 per cent, as against 4.6 per cent decline in the BSE Sensex.

Budget 2026 highlights: From liquor to travel, what got cheaper, costlier

Budget 2026 cheaper, costlier full list: From overseas travel and medicines to umbrellas and alcohol, Budget 2026 reshapes costs through a fresh round of customs and tax changes

Budget 2026: 16th FC avoids rocking the boat, but rewards GDP contributors

The Union Budget for 2026-27 has also placed a clear bet on urbanisation as an engine of growth

Public capex, infra development focus in Budget to help tyre industry: ATMA

The Indian tyre industry stands to gain from the government's steps to enhance spending on infrastructure announced in the Union Budget 2026-27, Automotive Tyre Manufacturers Association (ATMA) said on Monday. The tyre sector is closely linked to the performance of the transport and infrastructure ecosystem and the substantial increase in public capital expenditure to Rs 12.2 lakh crore is a significant positive for long-term demand growth, ATMA said in a statement. The higher capex allocation underscores the government's ongoing push to build future-ready infrastructure across the country, particularly roads, rail connectivity, urban mobility networks and logistics corridors , which are critical drivers of tyre demand across all vehicle segments, it added. "The tyre industry's growth is intrinsically linked to the pace of infrastructure expansion in the country. The government's focus on elevating public capex reinforces demand momentum for tyres across both passenger and commercia

FMCG index hits 52-week low; Patanjali, Godrej Cons, HUL, ITC down up to 3%

Thus far in the calendar year 2026, the BSE FMCG index has underperformed the market by falling 7 per cent, as against 4.8 per cent decline in the BSE Sensex.

What changes for taxpayers in Budget 2026? 10 major tax changes explained

Key tax rule changes this year cover derivatives, buybacks, revised ITR timelines and crypto reporting penalties

'Govt to tread carefully on fiscal goals post 16th FC implementation'

The central government will have to tread very carefully so that its fiscal targets and debt glide path are adhered to, considering the huge amounts that will be given to the states post the implementation of the 16th Finance Commission recommendations, Expenditure Secretary V Vualnam said on Monday. The 16th Finance Commission, headed by Arvind Panagariya, has suggested a 41 per cent share of states in Central Taxes for 5 years beginning April 1, 2026. It has also suggested doubling of local bodies' grants, while doing away with the post-devolution revenue deficit grants for states. In a post-Budget interview with PTI, Vualnam said that around Rs 14 lakh crore would be the share of states in Central tax collection as per the devolution formula of the Finance Commission. Taking into account the grants as well as other schemes, like the Centrally Sponsored Schemes and Central Sector schemes, the amount which will go to the states from the government will be upwards of Rs 25 lakh ...

Budget 2026 playbook: Brokerages identify 5 sectors that will benefit most

FM Sitharaman announced a tax holiday until 2047 for foreign companies providing global cloud services from India, provided services to Indian customers are routed via an Indian reseller

Budget 2026: Mid, smallcap indices fall 4% in 2 days as STT hike takes toll

Small and mid-cap stocks (SMIDs) extended their slide on Monday as Budget 2026's proposal to double STT on F&O trades triggered liquidity concerns.

Bought an under-construction home? Budget saves your home loan tax benefit

₹2-lakh home loan deduction stays intact under new tax law

Nifty PSU Bank index slips 8% in 2 days; Indian Bank, BOB down up to 11%

Despite the past two days decline, the Nifty PSU Bank index has outperformed the market by surging 21%, as against 1% rise in the Nifty 50 in the past five months.