India & World

The President’s Rule was extended for another six months which is to expire on February 12.

E Sreedharan will begin preparing a DPR for a high-speed rail line in Kerala, despite no budget announcement for it, aiming for trains at 200 km/hr.

The Finance Bill, 2026 proposes cutting the customs duty rate to 10% from 20% for all dutiable articles intended for personal use under the Customs Tariff Act.

Bhutan, a close development partner, again garnered the largest share of the government’s external aid portfolio, with an outlay of ₹2,288 crore

Nirmala Sitharaman's budget speech said that there was no change in states’ share in central taxes from the 15th FC and it would continue to be 41%.

Kerala's finance minister calls the Union Budget "disappointing," citing unmet demands for key projects and cuts in grants, despite a slight tax share increase.

The 16th finance commission's tax devolution formula drew mixed responses, with some states gaining higher shares while others criticized the removal of grants.

The IMD predicted above-normal temperatures for February, with rain over northwest India, including Delhi, expected to stay below the Long Period Average.

India's 2026 Finance Bill proposes changes to Minimum Alternate Tax, reducing rates and limiting credits, pushing companies to adopt a new tax regime.

India's budget proposes a uniform 15.5% tax for overseas tech firms, ending tax ambiguity and boosting investment in global capability centres (GCCs).