Nirmala Sitharaman News

Subscribe to enjoy similar stories. The budget proposal to set up five new university townships near major industrial corridors could be the golden ticket for foreign institutions looking to establish campuses in India. Yet, according to sector experts, more clarity is needed on land and other approvals.

Subscribe to enjoy similar stories. Budget 2026 increased transaction costs in the derivatives market by hiking the securities transaction tax (STT) on futures and options trades. While the increase is small in absolute terms, it has material implications for arbitrage funds, which depend on cash-futures spreads.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman delivered her ninth consecutive Union Budget speech on Sunday, at a time when global geo-economic upheavals weigh on India. While each Budget speech reflects the economic context of its moment, its emphasis and vocabulary also shift over time.

Subscribe to enjoy similar stories. The macroeconomic numbers for India’s economy would be the envy of others. Quarterly growth has been showing steady upward momentum and inflation is ruling at remarkably low levels.

Subscribe to enjoy similar stories. Union Budget 2026-27 continued to push the pedal on localization in the Indian manufacturing sector, announcing a slew of measures across electronic goods, pharma, textiles, capital goods and other sectors to boost India's production and export competitiveness. The focus on self-reliance was reflected in finance minister Nirmala Sitharaman’s speech.

Subscribe to enjoy similar stories. India’s animation, visual effects, gaming and comics (AVGC) ecosystem is set for a significant boost after finance minister Nirmala Sitharaman proposed a ₹250-crore allocation to expand formal talent development across schools and colleges, signalling a push to institutionalize the country’s fast-growing creator economy.

Subscribe to enjoy similar stories. Union finance minister Nirmala Sitharaman presented the Union Budget 2026-27 on Sunday, 1 February, against the backdrop of renewed geoeconomic disruptions affecting India. With these pressures likely to spill into the coming fiscal year, the Budget 2026 offers a window into how the Centre plans to respond to pressing challenges.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman presented the Union Budget for 2026–27 on Sunday, against the backdrop of renewed geo-economic disruptions affecting India. With these pressures likely to spill into the coming financial year, the Budget offers a window into how the government plans to respond to a set of pressing challenges.

Subscribe to enjoy similar stories. The Union Budget 2026-27 marks a fundamental shift in India’s fiscal framework. Starting next fiscal, the government has adopted the debt-to-GDP (gross domestic product) ratio as its main fiscal anchor, marking a strategic departure from the traditional focus on fiscal deficit.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman presented the Union Budget for 2026-27 on Sunday, 1 February, against the backdrop of renewed geo-economic disruptions affecting India. With these pressures likely to spill into the coming financial year, the Budget offers a window into how the government plans to respond to a set of pressing challenges.

Subscribe to enjoy similar stories. Stock market recap: The Indian stock markets closed lower on Friday, 30 January, as various factors led to widespread selling across different sectors. The Sensex dropped approximately 0.35% to finish close to 82,269, while the Nifty 50 fell 0.40% to 25,320.

Subscribe to enjoy similar stories. As finance minister Nirmala Sitharaman sets out to present her record ninth consecutive Union budget, the Indian economy is experiencing a rare goldilocks period of high economic growth and low inflation. At the same time, uncertainty abounds as the world is disrupted by geopolitical crises and tariff wars which have upended global trade like never before.

Subscribe to enjoy similar stories. Big relaxations announced by the Centre last year in both direct and indirect taxes appear to have found favour with the population, but expectations for more still run high ahead of the Budget, a Mint readers’ poll suggests. Most respondents to the poll are still seeking a populist approach in the Budget, and are hoping for further tax relief and some exemptions under the new tax regime.

Subscribe to enjoy similar stories. The government is set to operationalise the ₹25,000 crore Maritime Development Fund (MDF) by allocating ₹9,800 crore to it in the upcoming budget. The fund aims to lower capital costs and attract long-term, low-cost investment into shipyards, coastal infrastructure, and inland waterways.

Subscribe to enjoy similar stories. One of the key themes of India’s upcoming Union budget, the first after US tariffs rocked global trade last year, will be to de-risk the economy from prolonged headwinds by announcing reforms and incentives for manufacturers, small businesses and exporters, according to two persons familiar with discussions.

Subscribe to enjoy similar stories. NEW DELHI : The central government has accepted all recommendations, barring one, of a Parliamentary select committee of the Lok Sabha led by MP Baijayant Panda on proposed changes to India’s bankruptcy law, according to two people aware of the development.

With the Union budget of fiscal year 2027 (FY27)—finance minister Nirmala Sitharaman’s ninth—set to be announced soon, India’s governance engine is revving up to add more muscle to the slew of reforms initiated in FY26.The two keywords for the coming budget—de-regulation and de-criminalisation—are being impressed upon all who matter within the government in an effort to make the budget a blueprint for faster economic growth over the medium term, according to two persons informed about developments within the government.The first person cited above said that every ministry and department has been instructed to give proposals for deregulation and decriminalization of laws, rules and procedures. “These are being reviewed and refined at high levels in the government every 10 days,” this person said, requesting anonymity.The second person said that the government will also move to amend two laws in the budget session of Parliament.

Last week, finance minister Nirmala Sitharaman introduced the Securities Markets Code Bill of 2025 in Parliament, aimed at building a new legislative scaffolding for India’s securities markets.The Bill, which has been sent to the parliamentary panel on finance for comments and inputs, proposes to merge and replace three laws: the Securities and Contracts (Regulation) Act of 1956 and those related to the market regulator, Securities and Exchange Board of India (Sebi), and depositories. This was necessary to address multiple overlaps among those legacy acts of legislation.

Subscribe to enjoy similar stories. NEW DELHI : Hopes that a landmark cut in federal taxes would provide a lifeline to struggling small cars like Maruti Alto, Spresso and Renault Kwid have been dashed, with latest sales data showing buyers continuing to favour bigger, more expensive vehicles. The trends come in the backdrop of an intensifying tussle between carmakers over policy support for small cars under upcoming emission norms.

Subscribe to enjoy similar stories. New Delhi: Indian businesses and the country’s trading partners alike have flagged the need for a simpler customs duty framework. The global supply-chain disruptions and US tariffs have further amplified the need to review the regime.

We welcome finance minister Nirmala Sitharaman’s announcement at this year’s HT Leadership Summit that her next reform would be of India’s customs duty regime. This is vital to boost competitiveness and trade diversification amid today’s tariff turmoil, with the US walling itself apart.It would be best not to limit the exercise to easing procedures and revising customs duty rates.