Ambareesh Baliga's quick take on the markets after the increase in STT on futures and options trading...
'The culture of mankind has been spread by the travel gene which pushes one in five people to have the curiosity to move to unknown destinations.'
In a continued push to spiritual tourism, there will be a focus on destinations related to the life and times of Lord Buddha.
'Given that India underperformed emerging markets by 28 per cent in 2025, the worst performance in over 30 years, the timing of the sharp STT hike could have been better.'
Prime Minister Narendra Modi interacted with students on a cruise ship on the Brahmaputra River during a 'Pariksha Pe Charcha' programme on the second day of his Assam visit.
This is the first Budget in my memory of Budgets over the last half a century which has embraced upfront, enthusiastically and emphatically, technology, modernity and fiscal sobriety, notes Shreekant Sambrani.
The fiscal tilt towards capex benefits companies in investment-related sectors like capital goods, defence equipment, engineering & construction and metal & mining. The planned cut in revenue expenditure will weigh on companies in consumption sectors like FMCG, consumer durables and retail.
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.
President Droupadi Murmu addressed Parliament, urging unity on national issues like 'Viksit Bharat', swadeshi, and national security. She highlighted government initiatives and the nation's progress.
India's Finance Minister Nirmala Sitharaman has announced an ambitious plan to develop the country's top 50 tourist destinations in a "challenge mode", with the aim of boosting employment-led growth and attracting international visitors. The Ministry of Tourism has received a significant budget increase for 2025-2026, with a focus on enhancing tourism infrastructure, promoting domestic and international travel, and ensuring the safety of tourists, particularly women. The government plans to promote homestays, improve connectivity to tourist spots, and provide performance-linked incentives to states that demonstrate effective destination management. The budget also includes investments in public enterprises, skill development programs, and initiatives to promote medical tourism and spiritual tourism.
Notably, one of her earlier viral videos featured her wearing a Kerala sari and attending a Theyyam performance in Kannur.
The Union Budget for 2026-27, presented by Finance Minister (FM) Nirmala Sitharaman on Sunday, which was a first, had an excellent domestic macro backdrop. According to the first advance estimates, gross domestic product (GDP) in constant prices is projected to grow 7.4 per cent in the current financial year, against 6.5 per cent in 2024-25.
Lucknow has been officially inducted into UNESCO's Creative Cities Network (CCN) under the 'Gastronomy' category, recognizing its culinary heritage.
India on Monday announced closure of negotiations for a free trade agreement signed with New Zealand, its 18th deal so far as the country aims to boost bilateral trade and investments. The India-New Zealand FTA is expected to be signed in the next three months and it is likely to come into force next year.
Jammu and Kashmir Chief Minister Omar Abdullah has ordered a probe after a fashion show in the ski resort of Gulmarg during the holy month of Ramzan sparked widespread criticism. The event, which featured semi-nude models, was widely condemned by religious leaders and activists who accused the organizers of disregarding local sensitivities and disrespecting religious values. The Chief Minister has promised to take appropriate action once the report is submitted within 24 hours. The incident has sparked a debate about the balance between tourism promotion and the preservation of cultural and religious values in the region.
The Brihanmumbai Municipal Corporation (BMC) will develop an international-standard exotic birds park at Nahur to create a new tourism attraction. The park will feature 24 independent habitats designed to replicate the birds' natural environments and will house rare and colourful species from Australia, Africa and America.
The Maharashtra government has amended a policy to allow serving and consumption of alcohol on premises near dam backwaters, aiming to curb illegal liquor sales and promote tourism.
Prime Minister Narendra Modi visited the Mukhwa temple in Uttarakhand, the winter abode of Goddess Ganga, and offered prayers. The visit is expected to boost winter pilgrimage and tourism in the state. Modi also flagged off a trek and bike rally and addressed a public meeting in Harshil. This comes a day after the Cabinet Committee on Economic Affairs approved two major ropeway projects to Kedarnath and Hemkund Sahib worth over Rs 6,000 crore.
India's new national accounts will leverage new data sources and surveys to enhance the measurement of the country's informal economy, and introduce double deflation methods across sectors, replacing the current system that relies on a single deflation mechanism in Gross Domestic Product (GDP) calculations.
'This policy is a vision to position Karnataka as the epicentre of India's space ambitions'
When Deepika Padukone wore a hijab for a promotional ad, she probably didn't expect the trolling to be this bad.
The Travancore Devaswom Board (TDB) has decided to dissolve the advisory committee of a temple in the Kollam district where the RSS 'Gana Geetham' (prayer song) was sung during a musical concert.
Following the alleged molestation of two Australian women cricketers in Indore, a Madhya Pradesh minister advises players to inform local authorities when going out due to their popularity in India.
Following the alleged molestation of two Australian women cricketers in Indore, a Madhya Pradesh minister advises players to inform local authorities when going out due to their popularity in India.
The 26-year-old former Miss Asia Tourism from Gwalior has an exquisite collection of saris, handbags and more.
The 15th India-Vietnam Defence Dialogue signalled a move from routine talks to deeper cooperation, with new deals on submarine rescue and defence industry to support stability in the Indo-Pacific, notes Dr Rajaram Panda.
According to the minister, the government views the incident with utmost seriousness.
The two priority regions for the Chhattisgarh government to promote its homestay policy are Surguja and Bastar.
This would be a 100 per cent jump over 2024, when the state had logged tourist inflow of 650 million
'Zubeen Garg had come on his own free will.'
Cabinet approves Khelo Bharat Niti, says it will bring India into top-5 of world sports
Jammu and Kashmir Chief Minister Omar Abdullah announced plans to build a memorial in Baisaran, Pahalgam, in memory of the 26 victims of last month's terror attack. The memorial will serve as a lasting tribute to the victims and a reminder that they will never be forgotten. Abdullah also addressed the importance of reviving tourism in the state, assuring tour operators that tourist destinations will reopen in a phased manner.
In an interactive session at the 7th Pravasi Bharatiya Divas event at Chennai, Viswanatha Reddy, director, KTD, said the state helicopter tourism was proposed for Mangalore and Hospet. The department had identified Mangalore, Karwar and its coasts, which would have casinos, bars and so on for cruise tourism. He said 14 more helipads would be set up soon in addition to the present 23.
'We have created massive infrastructure in the past six years.'
Designer duo Shivan and Narresh, who are facing backlash for displaying 'obscene' garments at a fashion show in Gulmarg last week, have said their sole intention was to celebrate creativity and regret any hurt caused by the event during the holy month of Ramzan.
Many states are realising that hosting mega events puts the spotlight on them and raises their profile.
The Congress party has criticized Prime Minister Narendra Modi's handling of GST reforms, calling them inadequate and demanding an apology for the tax imposed on essential items. They argue that the reforms are merely a 'band-aid' solution and that the government should address the states' demand for extended compensation.
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
