Budget 2026-27: New income tax act 2025, reduced TCS rates, tax holiday for foreign cloud firms

Centre allocates ₹43,290 crore for J&K in Union Budget 2026–27

The Union Budget 2026–27 has proposed an allocation of ₹43,290.29 crore for J&K, nearly ₹2,000 crore more than the current year. Finance Minister Nirmala Sitharaman announced a national programme for high-value nut crops to strengthen the UT's orchard-based economy, along with plans for eco-friendly mountain trains and tourism infrastructure. Feb 1, 2026
Snowfall

Cold wave persists in Kashmir after Chillai Kalan ends

Despite the end of Chillai Kalan, cold wave conditions continued across Kashmir with several areas recording sub-zero temperatures, while Ladakh remained under extreme cold. The Meteorological Department has forecast cloudy weather with light to moderate rain or snowfall in higher altitudes and warned of continued cold conditions due to feeble western disturbances. Jan 31, 2026