India, Feb. 1 -- The Government of India has issued a release: Union Budget 2026-27 has proposed several incentives for primary cooperative societies. Presenting the Budget in Parliament today, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman proposed to extend the deduction allowed to a primary cooperative society for supply of cattle feed and cotton seed produced by its members. Presently, deduction is allowed to a primary cooperative society engaged in supplying milk,...
India, Feb. 1 -- The Government of India has issued a release: The Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2026-27 in the Parliament today. The Budget proposes set of Direct Tax proposals aiming at rationalizing penalty and prosecution. The Finance Minister proposed to integrate assessment and penalty proceedings by way of a common order for both to avoid multiplicity of proceedings. There will be no interest liability on the taxpayer...
India, Feb. 1 -- The Government of India has issued a release: Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2026-27 in Parliament today (01 February 2026). The Union Budget sets out a clear and comprehensive roadmap for advancing India's development journey towards Viksit Bharat, in alignment with the vision of Prime Minister Shri Narendra Modi for an inclusive, Atmanirbhar, and future-ready nation. Welcoming the Budget, Union Minister fo...
India, Feb. 1 -- The Government of India has issued a release: Union Home Minister and Minister of Cooperation Shri Amit Shah has extended heartfelt congratulations, on behalf of every Indian, to Prime Minister Shri Narendra Modi Ji and Finance Minister Smt. Nirmala Sitharaman ji for the budget that reflects the vision of building a developed India by 2047 and outlines the roadmap for the next 25 years. In a series of posts on X, Union Home Minister Shri Amit Shah said, "From manufacturing to ...
India, Feb. 1 -- The Government of India has issued a release: Union Minister for Education Shri Dharmendra Pradhan lauded the Budget 2026-27, calling it a Yuva Shakti-driven budget that gives a boost to education and employment creation and presents a blueprint for the next phase of development. The Minister informed that the total budget allocation for the Ministry of Education has reached Rs.1,39,289.48 crore, marking an 8.27% increase over BE 2025-26. Shri Pradhan stated that the Union Bu...
India, Feb. 1 -- The Government of India has issued a release: Leveraging India's potential to emerge as a global hub for high quality, affordable sports goods, a dedicated initiative for sports goods is set to be launched in the country. This was stated by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2026-27 in Parliament today. The announcement on sports goods is centred on the first of the three kartavyas that form the pillars ...
India, Feb. 1 -- The Government of India has issued a release: India's growth outlook remains positive, supported by strong domestic demand, structural reforms, and a stable macroeconomic environment. The country received three sovereign rating upgrades during the year. Inflation outlook remains benign, as per Macroeconomic Framework Statement and Medium-term Fiscal Policy cum Fiscal Policy Strategy Statement laid by Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman on t...
India, Feb. 1 -- The Government of India has issued a release: Presenting the Union Budget 2026-27 in Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that the third Kartavya, aligns with the Government's vision of Sabka Sath, Sabka Vikas, to ensure that every family, community, region and sector has access to resources, amenities and opportunities for meaningful participation. The Finance Minister laid down a broad roadmap for achieving the ...
India, Feb. 1 -- The Government of India has issued a release: The Union Finance and Corporate Affairs Minister, Smt Nirmala Sitharaman presented the Union Budget 2026-27 in the Parliament today. The Budget cites Emerging technologies and AI as important components in realizing the second kartavya of fulfilling aspirations of common citizens and buisld their capacity to make them strong partners in India's path to prosperity. Acknowledging that the adoption of technology is for the benefit of ...
India, Feb. 1 -- The Government of India has issued a release: The Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) conducted an evening inspection drive in Central Delhi to assess compliance related to prevention of open dumping and burning of municipal solid waste (MSW)/ biomass and to identify localized sources of air pollution. The inspection by CAQM flying squads covered areas in Karol Bagh and Rajinder Nagar. As per the consolidated inspection reports, 20 incident...