Economy

Tax hikes on equity futures aim to curb speculative trading, causing declines in brokerage stocks, while state-owned banks shares fell due to bond sale concerns and lack of consolidation news.

Rupee strengthens 19 paise at open on Monday, and reports suggest that RBI is selling the dollar offshore to support the rupee.

Citi estimates around Rs 1 trillion in spending compression in FY26 to remain within fiscal targets, while noting that nominal GDP growth assumptions of 10% appear conservative.

The Union Budget proposes unifying IT service segments under a single tax framework with a 15.5% safe harbour margin and raised eligibility threshold to reduce disputes and boost compliance.

Stocks trimmed losses and metals showed volatility after a choppy Wall Street close, reflecting fragile market sentiment ahead of key events this week.

Traders are bracing for increased volatility in Japanese markets ahead of the Feb. 8 snap lower house election.

Eight key members led by Saudi Arabia and Russia reaffirmed the pause — first agreed in November — during a video conference on Sunday, the group said in a statement.

The move aims to streamline taxation, reduce arbitrage between shareholder classes, and ensure a more uniform and transparent tax treatment of buybackrelated income.

"Operation Sindoor showed how defence spending over the last 10 years has helped," Finance Minister Nirmala Sitharaman said.

As per the new formula, Karnataka's share in the Centre's tax devolution was increased to 4.13%

In her ninth budget, FM Nirmala Sitharaman vowed to continue the government's reform push, promote local manufacturing and maintain fiscal discipline.

The Union Budget has raised allocation for the healthcare sector by 10% to Rs 1,06,530.42 crore.

Commerce and Industry Minister Piyush Goyal said several of the units have spared capacity and the announcement will help them sell in domestic market at concessional duty, thereby reducing imports.

During the current fiscal year, as per the Revised Estimate (RE) presented in Parliament, the central government is expected to get about Rs 3.05 lakh crore.

The BSE scrip closed the session 10% down at the end of trade on Sunday.

The commerce minister says the Budget was reflective of the speed of change and the comprehensive nature of work being done by new India to face the challenges of tomorrow.

With wholesale markets shut on Sunday, distributors expect fresh stock with new MRP to be lifted from Monday onwards.

To enhance last-mile and remote connectivity, and promote tourism, the FM proposed to give incentives to indigenise manufacturing of seaplanes.

Out of the total allocation, Rs 2,19,306 crore has been earmarked for capital expenditure to the armed forces that largely includes purchasing new weapons, aircraft, warships and other military hardware.

Income Tax Slab News Live: Last year, FM Sitharaman announced major changes in the new income tax regime. Tax experts believe that there is little fiscal room this year for any big tax income tweaks, however, some changes may be brought to boost consumption.