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Commerce, shipping ministries hold consultation meeting amid West Asia tensions; Inter-Ministerial Group for supply chain resilience created
"In this context, the 'Inter-Ministerial Group (IMG) for Supply...
Middle East Crisis: Drone debris hit JSW Infrastructure tank at Fujairah terminal in UAE
There were no injuries, and all personnel at the terminal remain...
Air India pilot reports a possible defect in fuel control switch of Boeing 787-8, aircraft grounded
"After receiving this initial information, we have grounded the said aircraft and are involving the OEM to get the pilot's concerns checked on a priority basis. The matter has been communicated to the aviation regulator, DGCA. Air India had checked the fuel control...
Budget 2026 proposes penalties to tighten crypto transaction reporting
The proposal is aimed at ensuring compliance with Section 509 of the Income-tax Act, 2025 and creating a deterrent against non-reporting and incorrect disclosures related to crypto assets.Under the proposed rules, platforms and entities dealing in crypto assets will...
Govt mulls allowing 49% FDI in PSU banks
M. Nagaraju, secretary, Department of Financial Services Foreign ownership in State Bank of India - the country’s largest lender - and 11 other state-owned banks is capped at 20%, a legacy restriction rooted in the government’s desire to retain strategic control of...
Budget-26-27:Allocation for PM-JAY raised 5.56% to ₹ 9,500 crore
Nirmala Sitharaman,Finance minister Allied Health Professional Institutes in 10 key disciplines will be set up and upgraded to create nearly one lakh skilled professionals over the next five years, through public and private sector participation. Additionally, a...
Budget-26-27: Tax holiday for GIFT City businesses doubled to 20 years
`Post the expiry of tax holiday period, the business income shall be taxed as the lowest rate of 15%. This is a shot in the arm and provides great certainty for clients looking at setting up their base in GIFT City (including for all the global reinsurers,fund...
Budget-26-27:FM proposes Rs 10,000 cr SME fund in Budget
For equity support, "I propose to introduce a dedicated ₹10,000 crores SME growth fund to create future champions, incentivising enterprises based on select criteria. I also propose to top up the self-reliant India fund set up in 2021 with ₹2,000 crore to continue...
Budget-26-27:Sitharaman proposes Infra Risk Guarantee Fund to strengthen pvt developers’ risk management
"To strengthen the confidence of private developers regarding risks during nfrastructure development and construction phase, I propose to set up an Infrastructure Risk Guarantee Fund to provide prudently calibrated partial credit guarantees to lenders," New...
Budget-26-27:FM bets big on India’s Green Future: Rs 20,000 crore boost for carbon capture revolution
Carbon Capture, Utilisation and Storage(CCUS) involves capturing carbon dioxide emissions from industrial sources, utilising the captured CO2 in products like chemicals or enhanced oil recovery, or storing it permanently underground to prevent atmospheric release. The...
Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs
This group will review the entire banking system and suggest changes to support India’s next stage of economic growth. At the same time, it will focus on financial stability, inclusion, and protecting consumers, said Sitharaman while delivering her 9th consecutive...
Budget 2026–27:Interest awarded by MACT to a natural person exempted from income tax
The tax holiday period on business income earned by a unit in International Financial Services Centre has been increased from 10 to 20 years (out of a block of 25 years. The FM also proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for...