Budget 2026–27 reinforced the government’s urbanisation push, prioritising infrastructure development in tier-II and tier-III cities. The renewed emphasis on these cities is expected to create an additional growth lever for the real estate sector alongside tier-I markets, said real estate experts. Budget 2026: CREDAI welcomed the government’s infrastructure push but said it was “deeply disappointed” […]
New Delhi: India’s efforts to enhance its weather forecasting capabilities received a significant boost with Finance Minister Nirmala Sitharaman allocating Rs 1,342 crore for Mission Mausam on Sunday.The allocation for the Ministry of Earth Sciences has been set at Rs 3,789.23 crore, compared to the revised estimate of Rs 3,380 crore in the 2025-26 budget.The […]
At a time when India is gearing up for the Olympics 2036 bid, sports industry garnered the spotlight in the Union Budget 2026-2027. The Centre has for the first time made an allocation of ₹500 crore dedicated to promotion of sports goods manufacturing, while also hiking the overall budget allocation for the Sports and Youth […]
India’s former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant on Sunday highlighted how the Union Budget is “very responsible and fiscally prudent,” saying it strikes the right balance between fiscal consolidation and long-term growth at a time of complex global geopolitics and disrupted supply chains. Former G20 sherpa & former Niti Aayog CEO Amitabh […]
As markets digested the Union Budget amid mixed reactions, industry leaders offered a longer-term perspective on the government’s priorities and growth agenda. Speaking to ET Now, R Doraiswamy, CEO & MD, LIC described the Budget as a forward-looking roadmap aligned with India’s ambition to become one of the world’s top three economies. “This budget, to […]
Budget 2026 proposes accelerating the ‘recycling’ of real estate assets owned by central public sector enterprises (CPSEs) by creating dedicated Real Estate Investment Trusts (REITs). Budget 2026 has proposed accelerating the ‘recycling’ of real estate assets owned by central public sector enterprises (CPSEs) by creating dedicated Real Estate Investment Trusts (REITs). (Photo for representational purposes […]
India’s latest budget proposes a special one-time measure allowing eligible manufacturing units in Special Economic Zones to sell goods in the Domestic Tariff Area at concessional duty rates, responding to global trade volatility and US tariffs. | Photo Credit: BIJOY GHOSH Responding to long-standing industry demands amid global trade volatility and US tariffs, Finance Minister […]
One 97 Communications, which operates fintech platform Paytm, saw its shares surge 9% to hit the day’s high of Rs 1,244.05 on the BSE in an otherwise weak trading session. The price action was accompanied by a strong volume, which jumped 1.5 times on the BSE. The rally is believed to be on the back […]
Signalling a sharper focus on tier-2 and tier-3 cities, Finance Minister Nirmala Sitharaman on February 1 announced a sustained infrastructure push, with Budget 2026 unveiling a major thrust on regional urban development focusing on the development of city economic regions (CERs), with a proposed allocation of ₹5,000 crore per region over five years to implement […]
Indian equities slumped sharply in mid trading session on Sunday as investors reacted nervously to the Union Budget, with broad-based selling dragging benchmark indices deep into the red. The sell-off was steeper in the broader market, where midcap and smallcap stocks slid 2–3 per cent, while all sectoral indices traded lower—led by PSU banks, financials, […]