16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031
New Delhi, Feb 1 (PTI) The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states’ share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026. Finance Minister Nirmala Sitharaman, in her Budget speech, said, “The government has accepted the recommendation of […]
FM announces Rs 20,000-crore carbon capture, utilisation scheme
NEW DELHI, Feb 1 (PTI): Finance Minister Nirmala Sitharaman on Sunday proposed Rs 20,000 crore for a carbon capture and utilisation scheme across sectors, including steel and cement. Presenting the Union Budget for 2026-27, the minister said the government will provide incentives for manufacturing seaplanes in the country as part of efforts to boost tourism. […]
Recommit To Teachings of Equality, Compassion : LG Sinha On Guru Jayanti
Srinagar, Feb 1: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday extended greetings on Guru Ravidas Jayanti, highlighting the saint’s teachings of compassion, equality and social reform. In his message, Sinha said Guru Ravidas Ji “exemplified compassion, unity, equality and human dignity” and devoted his life to the service of humanity. The Lieutenant Governor […]
Union Budget 2026-27: J&K gets Rs 43290 crore, nearly Rs 2000 crore more than current year
Srinagar, Feb 1: Union Finance Minister Nirmala Sitharaman on Sunday proposed Rs 43290.29 crore for Jammu & Kashmir Union Territory in the Union Budget 2026-27, which is nearly Rs 2000 crore more than the allocation for the current year. The Union Finance Ministry has proposed Rs 43290.29 crore in transfers to Jammu & Kashmir for […]
PM Modi pays tributes to Sant Ravidas on his birth anniversary
NEW DELHI, Feb 1 (PTI): Prime Minister Narendra Modi on Sunday offered tributes to Sant Ravidas, a prominent social and spiritual figure, on his birth anniversary, saying his thoughts on compassion and justice form the core of the government’s welfare initiatives. “Infinite salutations to the unparalleled devotee of humanity, the great saint Shri Guru Ravidas […]
Gold, silver futures plummet 9 pc to hit lower circuit levels ahead of Budget
NEW DELHI, Feb 1 (PTI): Gold and silver prices plunged up to 9 per cent in futures trade on Sunday, hitting their lower circuit levels ahead of the Union Budget for 2026-27, as investors extended profit booking after the recent record-breaking rally. Finance Minister Nirmala Sitharaman will present the FY27 budget in Parliament later in […]
CM Omar Abdullah convenes Joint Legislature Party Meetings on Feb 2
Jammu, Feb 1: Chief Minister Omar Abdullah has convened meetings of the Legislature Party and the Joint Legislature Party on February 2 at his official residence in Jammu, Chief Whip Mubarik Gul said. In a communication issued to legislators, Gul said the Legislature Party meeting will be held at 4 pm in the Banquet Hall […]
Ahead of Budget Session govt orders weekend work for finance Dept, HODs
JAMMU, FEB 01: The Jammu and Kashmir administration has directed its Finance Department and all Heads of Departments to remain open over the weekend to ensure preparedness for the upcoming Budget Session of the Legislative Assembly. An order issued here stated that these departments will function on January 31 and February 1, which include Saturday […]
FM Sitharaman meets President for a customary pre-Budget presentation meeting
NEW DELHI, Feb 1 (PTI): Finance Minister Nirmala Sitharaman on Sunday called on President Droupadi Murmu before presenting her record ninth Budget in the Lok Sabha. As per established tradition, the finance minister met the President at the Rashtrapati Bhavan before heading to Parliament. Before going to the Rashtrapati Bhavan, Sitharaman posed with her Budget […]
Two revenue officials chargesheeted over ‘illegal’ transfer of land in Jammu
JAMMU, Jan 31 (PTI): Two revenue officials were chargesheeted for allegedly transferring prime land worth Rs 22 crore to private persons in Nagrota, the Anti-Corruption Bureau (ACB) said on Saturday. A chargesheet produced by the anti-graft agency before the court of Jammu anti-corruption special judge carried the names of the two officials and 31 private […]