Budget 2026 Eases Tax Compliance, Cuts TCS Rates for Common Citizens

New Delhi: Budget 2026 has been specially designed to benefit the common people. Finance Minister Nirmala Sitharaman announced the introduction of a new Income Tax Act effective from April 1, 2026, which will replace the existing Income Tax Act of 1961. This change aims to simplify tax compliance for salaried individuals and the general public. …

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India Cuts Aid to Bangladesh, Boosts Budget for Select Neighbours

New Delhi: India’s Finance Minister Nirmala Sitharaman presented the Union Budget for 2026-27, marking her ninth consecutive budget presentation. Under the ‘Neighbourhood First’ policy, the Ministry of External Affairs has been allocated ₹22,118.97 crore for foreign aid, a slight increase from last year’s ₹20,516.61 crore. This year, India has revised its financial assistance to several …

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Ireland Qualifies for ICC Women’s T20 World Cup After Beating Thailand by 62 Runs

In a decisive Super Six stage match of the Global Qualifier, Ireland secured their place in the ICC Women’s T20 World Cup 2026 by defeating Thailand by 62 runs. The tournament is scheduled to take place between June and July this year. Ireland won three out of five matches in this stage, becoming the third …

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Government Proposes Hike in STT to Curb Rising F&O Speculation

The central government has proposed an increase in the Securities Transaction Tax (STT) to address the rapidly increasing speculation and systemic risks in Futures and Options (F&O) trading. This announcement was made on Sunday as part of measures to regulate the market more effectively. Speaking to the media, Revenue Secretary Arvind Srivastava explained that the …

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Markets Slump as STT Hike Spurs Heavy Selling

Mumbai, February 1: The Indian stock markets closed sharply lower on Sunday during a special trading session following the presentation of the Union Budget 2026. The announcement of increased Security Transaction Tax (STT) on futures and options triggered widespread selling pressure. At closing, the 30-share BSE Sensex fell by 1,546.84 points, or 1.88%, to settle …

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Defence Budget 2026-27 Sees 15% Increase to ₹7.8 Lakh Crore

New Delhi: Finance Minister Nirmala Sitharaman has allocated ₹7.8 lakh crore for the defence sector in the Union Budget 2026-27. This represents an increase of nearly 15 percent compared to ₹6.81 lakh crore allocated in the previous fiscal year. Out of this, ₹2.19 lakh crore has been earmarked for the purchase of military equipment, forming …

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Lashkar-e-Taiba Terrorists Enter Dhaka via Karachi Flight: Report Reveals Security Lapses

Dhaka, February 1 – With Bangladesh’s general elections scheduled for February 12, concerns over potential violent incidents have intensified. A recent report has revealed that terrorists affiliated with Lashkar-e-Taiba (LET) have entered Bangladesh from Pakistan. According to the report, at least four LET operatives were aboard Bangladesh Biman Airlines flight BG-342, which flew directly from …

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Peangtarn Plipuech Beats Ankita Raina at Mumbai Open WTA 125K Qualifiers

In the Mumbai Open WTA 125K series qualifiers, Indian Olympian Ankita Raina faced defeat against Thailand’s Peangtarn Plipuech. The intense match took place on Sunday at the Maharashtra State Lawn Tennis Association (MSLTA) and lasted for 2 hours and 39 minutes, with Plipuech winning 6-2, 1-6, 6-4. Other players securing their spots in the main …

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Kiren Rijiju Praises Budget as Focused on Common People, Urges Opposition to Avoid Politics

New Delhi: Union Minister Kiren Rijiju has lauded the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, describing it as practical and dedicated to the common people and the economically weaker sections of the country. Speaking to journalists, Rijiju said, “Today’s budget is very practical. The reform agenda led by Prime Minister Narendra Modi …

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Jammu and Kashmir ACB Catches Junior Engineer Accepting Bribe

Jammu, February 1 – The Anti-Corruption Bureau (ACB) of Jammu and Kashmir has achieved a significant success by arresting a Junior Engineer (JE) for accepting a bribe. Rahul Gandotra, posted as a Technical Assistant (TA) at the BDO office in Gulabgarh Mahore, Reasi district, was caught red-handed while taking a bribe of Rs 8,000. The …

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