Budget 2026: FM outlines NBFCs vision, targets credit and tech; PFC, REC to be restructured

Spread the love       <img src="https://static.toiimg.com/thumb/msid-127840117,imgsize-688327,width-400,resizemode-4/untitled-design-2026-02-01t164303.jpg" alt="Budget 2026: Nirmala Sitharaman outlines Viksit Bharat roadmap for NBFCs, flags restructuring of PFC and REC" title=" File photo: Union finance minister Nirmala Sitharaman ” decoding=”async” fetchpriority=”high”> File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Sunday laid out the government’s vision for non-banking financial companies (NBFCs) under the Viksit Bharat...

Union Budget 2026: Top 10 winners and losers

Spread the love       Nirmala Sitharaman NEW DELHI: Prime Minister Narendra Modi on Sunday hailed Union Budget 2026 as a “highway of immense opportunities”, saying the “Reform Express” on which India is riding will draw fresh energy and momentum from the proposals announced by finance minister Nirmala Sitharaman.Sitharaman, presenting her ninth consecutive Union Budget, anchored her speech around three “kartavyas” or...

New or Old? Which I-T regime should you choose for FY 2026-27? Tax rates, slabs explained

Spread the love       Union Budget 2026: Every year, one of the main components of the Budget presentation is the income tax, as taxpayers keenly watch for changes in the slabs, tax rates and other factors — which may ease their tax burden! However, post Finance Minister Nirmala Sitharaman’s Union Budget speech, the income tax framework remains unchanged from the previous...

Defence, education, railways, income tax & more: 10 big announcements in Union Budget 2026

Spread the love       Finance minister Nirmala Sitharaman NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday delivered a 1 hour 25 minute presentation of the Union Budget 2026-27, marking her record ninth consecutive budget. She made several major announcements covering income tax, defence, railways, MSMEs, healthcare, and more.The budget was hailed as “historic” by Prime Minister Narendra Modi, who described...

No funds for Chabahar: Why Budget 2026 ignores Iran port

Spread the love       Representative image (AI-generated) The government on Sunday has allocated Rs 5,685.56 crore as grants-in-aid to foreign countries in the Union Budget 2026–27. Bhutan emerged as the largest beneficiary, while no funds have been set aside for the strategically important Chabahar Port project in Iran.The Ministry of External Affairs (MEA) has been allotted a total outlay of Rs...

Budget 2026 gives a boost to mental healthcare: North India to get its own NIMHANS

Spread the love       NEW DELHI: Union finance minister Nirmala Sitharaman announced the plans to set up a new unit for the National Institute for Mental Health and Neuro Sciences in North India. Acknowledging the lack of mental health institutions in the region, she also announced the national mental health institutes in Jharkhand’s Ranchi and Assam’s Tezpur shall also be upgraded.Addressing...

What Budget 2026-27 means for Indian IT industry: 8 Biggest announcements

Spread the love       Photo credit: PTI Union finance minister Nirmala Sitharaman today presented the Union Budget for the Financial Year (FY) 2026-27. The announcements includes significant measures for accelerating the growth of India’s Electronics and Information Technology Sector. In a major push to attract global data centre investments, the government has proposed a 20-year tax holiday for foreign companies providing...

‘Blind to India’s real crises’: How Rahul Gandhi, oppn leaders reacted to the Union Budget

Spread the love       NEW DELHI: Finance minister Nirmala Sitharaman on Sunday presented the Union Budget for the financial year 2026-27 in the Lok Sabha during the ongoing Budget session of the Parliament, triggering a strong reaction from the opposition.While presenting her ninth consecutive Budget, the finance minister announced that the capital expenditure target will be increased to Rs 12.2 lakh...

‘High flight toward Viksit Bharat’: PM Modi hails Union Budget 2026 as ‘historic’

Spread the love       PM Modi (PTI photo) NEW DELHI: Prime Minister Narendra Modi on Sunday hailed the Union Budget 2026 as “historic”, saying it charts a clear roadmap towards achieving the goal of a Viksit Bharat by 2047 and gives fresh momentum to India’s reform journey. He also highlighted the recently signed “mother of all deals” between India and EU...

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