On February 1, 2026, Prime Minister Narendra Modi expressed his greetings to the Indian Coast Guard on their Raising Day. He praised the force for their unwavering commitment to maritime security, disaster response, and marine ecosystem protection, highlighting their role as a steadfast shield along India's shores.
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In presenting the Union Budget 2026-2027, the Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman, announced the enhancement of the safe harbour threshold for IT services from Rs 300 crore to Rs 2000 crore. The process for availing safe harbour will be automated, and the same can be
In the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, India has proposed a significant public capex increase to ₹12.2 lakh crore. Key proposals include developing seven high-speed rail corridors, setting up an Infrastructure Risk Guarantee Fund, launching new Dedicated Freight Corridors, and promoting environmentally sustainable transport and
The Government of India is set to launch a Customs Integrated System (CIS) within two years, providing a unified platform for all customs processes. Announced during the Union Budget 2026-27, the system aims to streamline cargo clearance through advanced technology and a single digital window. Additionally, measures to support the
The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman, outlines direct tax measures aimed at simplifying penalty and prosecution processes. Key proposals include integrating assessment and penalty proceedings to reduce multiplicity, providing retrospective immunity from prosecution for non-disclosure of certain foreign assets, and converting penalties for technical defaults into