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16th FC receives mixed reactions from states

Thiruvananthapuram/Chennai/Shimla, Feb. 2 -- The 16th finance commission's decision to tweak the formula for devolution of taxes to states received a mixed response on Sunday with some states welcomin... Read More


230% increase seen in ULB grants with focus now on cities

New Delhi, Feb. 2 -- The 16th Finance Commission (FC) has more than doubled the grant for urban local bodies to Rs.3,56,257 crore for 2026-31 from Rs.1,55,000 crore for 2021-2026. These funds will inc... Read More


F&O STT goes up; analysts say move 'ill-timed'

New Delhi, Feb. 2 -- Union finance minister Nirmala Sitharaman, in her Budget 2026 speech, increased the securities transaction tax (STT) on futures and options (F&O) transactions, raising the levy on... Read More


Mega benefits for MSME sector in Union Budget

new delhi, Feb. 2 -- India's 7.4 million micro, small, and medium enterprises (MSMEs) will soon be beneficiaries of a new Rs. 10,000 crore fund, a top-up of an existing fund for startups, and reforms ... Read More


Rs.20,000 cr incentives for carbon capture, utilisation and storage

new delhi, Feb. 2 -- The Centre will roll out a scheme to incentivise the carbon capture, utilisation, and storage (CCUS) technologies with an outlay of Rs.20,000 crore for a period of five years, Uni... Read More


PAN enough for tax deduction on buying property from NRIs

New Delhi, Feb. 2 -- One of the key tenets of taxation is that it should be easy to comply. Government has been working towards bringing in certainty and ease of compliance in successive budgets and u... Read More


Alcaraz youngest to career Slam

Mumbai, Feb. 2 -- Moments before stepping onto court in his attempt to scale an unconquered peak then, Carlos Alcaraz, with those large headphones strapped to his ears, was grooving along and goofing ... Read More


Budget: Boost to sports goods industry, NADA funding cut

New Delhi, Feb. 2 -- India's sports goods manufacturing sector received a boost in the allocation for the Ministry of Youth and Sports Affairs in the union budget presented with Rs.500 crore set aside... Read More


Pak to boycott T20 WC league game against India

Mumbai, Feb. 2 -- Pakistan on Sunday formally announced its decision to boycott its marquee T20 World Cup group league match against India, even as the government cleared its national team's participa... Read More


J&K, Mumbai in Ranji Trophy quarter-finals

Mumbai, Feb. 2 -- In a riveting finish to Ranji Trophy Group B action, Devdutt Padikkal's hundred helped Karnataka beat Punjab in Mohali and pip Saurashtra to the quarter-finals. Elsewhere in Group A,... Read More