IBT Business Desk

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

'Criticism welcome, but bring facts': Finance Minister Nirmala Sitharaman hits back at Rahul Gandhi, says Budget prioritises MSMEs & rural India

Finance Minister Nirmala Sitharaman on Sunday rebutted Rahul Gandhi's criticism of the Union Budget, saying it focuses on MSMEs, farmers, women entrepreneurs, and rural workers amid global uncertainty. She said political criticism is welcome but must be backed by facts. Gandhi had termed the Budget blind to issues like unemployment, farmers' distress, and falling manufacturing. Feb 1, 2026
'Very disappointing', says Shashi Tharoor; 'bilkul time waste', says Ashneer Grover as politicians and public react sharply to Budget 2026-27

'Very disappointing', says Shashi Tharoor; 'bilkul time waste', says Ashneer Grover as politicians and public react sharply to Budget 2026-27

The Union Budget 2026–27 triggered sharp reactions from politicians and the public, with Opposition leaders expressing strong disappointment and accusing the government of ignoring the concerns of ordinary citizens, farmers, youth and several states. Congress MP Shashi Tharoor termed the Budget "very disappointing," while former BharatPe co-founder Ashneer Grover called it "bilkul time waste" on social media, reflecting wider public frustration Feb 1, 2026
Sensex and Nifty crash by 1 pc, IndusInd Bank top loser

Worst budget day in 6 years: Sensex crashes 2,300 points on STT hike fears

Dalal Street endured a "Sunday Bloodbath" as the Sensex plunged nearly 2,300 points and Nifty fell 600 points after the government hiked Securities Transaction Tax on futures and options. The steep increase triggered a massive sell-off in brokerage and PSU bank stocks. While IT stocks remained resilient, overall investor wealth eroded as India VIX surged 12 percent. Feb 1, 2026
Sensex, Nifty open nearly flat on Budget Day

Sensex, Nifty open nearly flat on Budget Day

As of 9.24 am, Sensex added 9 points, or 0.01 per cent, to reach 82,278, and Nifty lost 28 points, or 0.11 per cent to settle at 25,291. Main broad-cap indices posted notable losses as the Nifty Midcap 100 declined 0.73 per cent, and the Nifty Smallcap 100 lost 1.55 per cent. Feb 1, 2026
Gold, silver prices ease amid profit booking at record levels

Gold, silver prices dip 7 to 9 pc as aggressive profit taking continues

MCX gold February futures fell 7.12 per cent to Rs 1,39,000 per 10 grams around 10 am on an intraday basis. Meanwhile, MCX silver March futures dipped 9 per cent to Rs 2,65,652 per kg. CME Group raised margin requirements on Comex gold and silver futures after the metal prices saw steep declines, which raised investor caution. Feb 1, 2026
SBI launches 'CHAKRA' centre to finance India's sunrise sectors

SBI launches 'CHAKRA' centre to finance India's sunrise sectors

The centre will focus on eight sunrise sectors including renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure and data centre infrastructure, a statement said. Jan 31, 2026
Budget 2026–27: Affordable housing, tax cuts and women-led growth top expert wish list

Budget 2026: BSE and NSE to stay open for trading on Feb 1

The National Stock Exchange said in a circular that "On account of the presentation of the Union Budget, members are requested to note that Exchange shall be conducting a live trading session on February 1, 2026, as per the standard market timings (9:15 am-3:30 pm)." Jan 31, 2026
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