Business

The Union Budget 2026-27 has drawn widespread applause from India's industrial heavyweights. Industry captains across finance, mining, manufacturing, and consulting have noted a strategic focus on long-term tax certainty, infrastructure spending, and the strengthening of domestic supply chains. There is a palpable sense of optimism regarding the government's push for "Viksit Bharat".

It said the total volume of transaction in options and futures is more than 500 times of Indian Gross Domestic Product (GDP). "In Rupee terms, our GDP is 300 lakh crore rupees, while the volume for options and futures is more than 1.5 lakh lakh crore rupees. Therefore, there is justification for increase in rates to curb purely speculative activity in options and futures," the Income Tax Department said in a post on social media platform X.

Indian stock indices nosedived as the Finance Minister Nirmala Sitharaman presented the Budget for 2026-27 in the Parliament on Sunday.

While speaking with ANI, Chauhan said, "We have been trying to get the No Objection Certificate (NOC) for the IPO since a decade, and we got the success last week when the Securities and Exchange Board of India (SEBI) Pandey gave the final nod." NSE has been seeking regulatory clearance for its public listing for several years, following governance concerns and the co-location controversy that came under SEBI's scrutiny.

Union Finance Minister Nirmala Sitharaman, in her customary post-Budget press conference, said the government is giving a push to the economy to maintain the growth momentum.

Deepak Joshi, Member of the Managing Committee, IMC, stated similar sentiments, saying that the budget is focused on macroeconomics and policy, and will support the 'Atmanirbhar Bharat' programme.