The three-time increase in allocation for the Production Linked Incentive (PLI) scheme for automobiles and auto components in the Union Budget 2026 is likely to significantly support electric vehicle (EV) penetration and localisation of component manufacturing, according to a report by Axis
An Indian defence delegation led by Chief of Defence Staff (CDS) General Anil Chauhan is visiting Armenia to strengthen bilateral defence cooperation, building on earlier defence talks and broader diplomatic engagement between the two countries.
Tourism stakeholders in Himachal Pradesh have welcomed the Union Budget's emphasis on improving rail connectivity to hill states, saying it could significantly boost tourist inflow, but expressed disappointment over the absence of specific incentives for investment in the tourism industry
The US-India Strategic Partnership Forum (USISPF) on Sunday (local time) welcomed the Union Budget 2026-27, describing it as a progressive and comprehensive roadmap that strengthens India's competitiveness, boosts investment, and enhances ease of doing business.
"USIBC welcomes the Union Budget 2026-27 which underscores the Government of India's continued focus on economic growth, resilience, and global competitiveness. At a time of continued geopolitical uncertainties, the budget reflects India's ambition to sustain momentum as one of the world'
The Union Budget's proposals to extend tax exemptions send a strong signal to global investors and significantly strengthen GIFT City's position as an international financial services hub, said Sanjay Kaul, Managing Director and Group CEO of GIFT City, following the Budget announcement by
Lieutenant Governor Kavinder Gupta noted that the budget effectively replicates the success of previous religious and cultural corridor projects, driving comprehensive growth across all states and regions.
Union Minister Jitan Ram Manjhi on Sunday praised the Union Budget 2026-27, emphasising that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economic system. He highlighted the increase in allocation from Rs 23,168 crore to Rs 24,566 crore, aimed at boosting GDP
Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget today, announced a series of transformative measures aimed at positioning India as a global hub for Medical Value Tourism (MVT) and strengthening the AYUSH ecosystem with a focus on quality, research, employment
Union Minister Ashwini Vaishnaw on Sunday highlighted the rapid growth of India's electronics and digital ecosystem, saying the sector has witnessed unprecedented expansion over the last decade and will play a key role in the country's future economic growth.
Welcoming the budget, India Cellular and Electronics Association (ICEA) said in a statement that, "the sustained focus on electronics manufacturing, the launch of India Semiconductor Mission (ISM) 2.0, and the significant expansion of the Electronics Component Manufacturing Scheme (ECMS) rea
Prime Minister Narendra Modi said on Sunday that the Union Budget presented in Parliament earlier in the day will empower the poor, increase the income of farmers and boost the Make in India initiative.