Indian oil marketing companies are incurring significant losses, selling petrol at a Rs 14 per litre loss and diesel at Rs 18 per litre, as elevated global crude oil prices, exacerbated by the West Asia crisis, outpace capped retail fuel rates, according to rating agency Icra.
This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
The Budget offers a limited-time regularisation window with clear thresholds, defined payments, and immunity from penalty or prosecution.
The proposals outlined in Budget 2026-27 represent a carefully crafted, multi-year strategy designed to strengthen India's big bets on the path to Viksit Bharat 2047, says Sameer Gupta.
'We kept this Budget on a larger plank, rather than on one incident, however serious.'
Around 24 paise will come from borrowings and other liabilities, 10 paise from non-tax revenue like disinvestment, and 2 paise from non-debt capital receipts, the Budget documents showed.
Andhra Pradesh is spearheading an ambitious initiative to establish a fully integrated beach sand minerals, rare earth, and titanium ecosystem, aiming to attract over 50,000 crore in investments over the next decade. This move is part of India's broader strategy to reduce its reliance on China for strategic minerals and permanent magnets, with the state preparing a comprehensive rare earth policy and planning specialised industrial clusters.
In 2025-26, the government allocated Rs 6,81,210 crore for defence budget.
A forum of swamijis has urged the Congress high command to immediately appoint D K Shivakumar as the Chief Minister of Karnataka, warning of consequences if the demand is not met.
The Budget reframes healthcare as a strategic national capability, backing biopharma innovation, workforce expansion and technology-led governance to power India's next growth phase.
This year's Economic Survey and the Union Budget were more closely followed for more reasons than one.
The Himachal Pradesh Police have successfully shifted their Directorate of Communication & Technical Services office from Shimla to Hamirpur to decongest the capital city and improve operational efficiency.
The BJP has issued a three-line whip to its MPs, requiring their presence during the extended Budget session of Parliament, where amendments to the Women's Reservation Act are expected to be considered.
Cracks appeared in the opposition ranks as some parties showed willingness to participate in the budget debate, while the government insisted on equal speaking opportunities for all members amidst ongoing disruptions.
As many as 17 cancer drugs, along with medicines and food for special medical needs for seven rare diseases, components for microwave ovens are some of the items that are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2026-27.
As Priyanka Chopra Jonas returns as the debonair spy Nadia in Citadel Season 2, we take look at how her Hollywood projects stack up against each other from underwhelming to standout.
The Delhi High Court has granted one-week interim bail to jailed Lok Sabha member Sheikh Abdul Rashid to visit his ailing father, under strict conditions including police escort and restrictions on visitors.
The government's Budget announcements providing tax holiday for data centres, setting up of city economic regions (CERs) and funding to improve infrastructure in Tier-II and -III cities may give an indirect boost to India's realty sector, said industry executives.
The Union Budget allocates Rs 1,492 crore for the functioning of both Houses of Parliament, with specific provisions for Lok Sabha, Rajya Sabha, and related secretariats.
US President Donald Trump has renewed his call for a high-security ballroom at the White House, citing security concerns after a shooting incident near a journalists' dinner he attended.
'We believe the truth is in the middle, and that India is at an important crossroads.'
With D Gukesh and R Vaishali set to play world title matches, experts urge India to bid for hosting rights, calling it a major boost for the sport.
The FM proposed a rule-based automated process for small taxpayers in FY27 Budget.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Union Home Minister Amit Shah promised to resolve the decades-old Gorkha issue within six months if the BJP comes to power in West Bengal, addressing a rally in Kurseong, Darjeeling district.
The TMC and BJP are clashing over Bengal's food culture, with allegations of potential dietary restrictions adding spice to the West Bengal election campaign.
Malayalam cinema legends Mammootty and Mohanlal are set to reunite on screen in Mahesh Narayanan's espionage thriller 'Patriot' after 18 years, with Mammootty in the lead and Mohanlal in an extended cameo.
Rediff explains why the system, not the Budget, is the problem.
What items did Finance Minister Nirmala Sitharaman make costlier?
Two dedicated freight corridors -- Eastern and Western -- are in operation covering several states and districts.
Among its 27 recommendations for the Union Budget is this: It has suggested that equity investments held for more than one year and up to three years should be taxed at 12.5 per cent on gains exceeding 2 lakh in a financial year.
Bharat Electronics, Power Grid, NTPC and HDFC Bank were among the other major gainers. However, Infosys, Tata Steel, Eternal and Tech Mahindra were among the laggards.
Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.3% of GDP for FY27, continuing the path of fiscal consolidation. The government aims to reduce the debt-to-GDP ratio to 55.6% by BE 2026-27 and further to around 50% by March 2031.
With the three-day special sitting of Parliament on the constitution amendment bill related to the implementation of 33 percent reservation for women from the 2029 Lok Sabha polls set to begin on Thursday, a meeting of opposition parties is slated to be held on Wednesday at the residence of Congress president Mallikarjun Kharge.
Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
Uncertainties stemming from the West Asia crisis and its potential impact on inflation and economic growth were key factors in the Reserve Bank of India's Monetary Policy Committee (MPC) decision to maintain the status quo on interest rates, according to the recently released MPC meeting minutes.
India Inc on Sunday hailed the Union Budget 2026-27 as a 'structural shift' in the country's technology landscape, noting that the government is moving beyond fragmented pilots to build foundational layers where AI serves as a 'horizontal enabler' for the entire economy.
Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances