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Budget 2026: Nirmala Sitharaman Announces Tax Holiday Till 2047 for Foreign Cloud Firms Using India Data Centres

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday proposed a tax holiday until 2047 for foreign companies providing cloud services globally using data centres located in India, aiming to ... Read More


Budget 2026: Nirmala Sitharaman Proposes MAT Relief for Non-Residents; Safe Harbour Limit Raised

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday proposed a series of tax rationalisation measures aimed at easing compliance and improving the business environment. Presenting the Unio... Read More


Budget 2026: Nirmala Sitharaman Says Income Tax Act, 2025 to Take Effect from April 1

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday announced that the Income Tax Act, 2025 will come into force from April 1, replacing the six-decade-old existing tax law. Presenting the... Read More


Budget 2026: Nirmala Sitharaman Pegs Fiscal Deficit at 4.3% of GDP for FY27

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday projected the fiscal deficit at 4.3% of GDP for FY27, lower than the 4.4% estimate for the current financial year, signalling continued c... Read More


Budget 2026: India to Host First Global Big Cat Summit: FM Sitharaman

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday announced that India will host the first-ever Global Big Cat Summit, bringing together heads of governments and ministers from 95 range c... Read More


Budget 2026: FM extends revised I-T return seadline to March 31; Cuts TCS Rates

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday proposed extending the deadline for filing revised Income Tax (I-T) returns from December 31 to March 31, allowing taxpayers additional t... Read More


Zinc Futures Ease on Weak Demand, Speculators Cut Positions

India, Feb. 1 -- Zinc futures declined on Sunday, with prices falling Rs 3.20 to Rs 319.20 per kg, as speculators reduced their exposure amid negative cues from the spot market. On the Multi Commodit... Read More


Aluminium Futures Edge Lower on Soft Demand

India, Feb. 1 -- Aluminium futures declined on Sunday, slipping Rs 2.85 to Rs 310.95 per kg, as traders reduced positions amid a weak trend in the spot market. On the Multi Commodity Exchange, the Fe... Read More


Budget 2026: FM Proposes Duty-Free Inputs to Boost Leather Exports

India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Sunday proposed duty-free imports of certain specified inputs to support and promote India's leather exports sector. The move is expected to pr... Read More


Copper Futures Slip Nearly 5% on Weak Demand

India, Feb. 1 -- Copper futures declined sharply on Sunday, falling Rs 63.15 to Rs 1,230 per kilogram, as traders trimmed their positions amid subdued demand in the domestic market. On the Multi Comm... Read More