February 2, 2026

India Grants Apple a 5-Year Tax Break on Machinery for Contract Manufacturers

India's new budget grants Apple and other foreign firms a 5-year tax exemption for owning machines used by contract manufacturers in certain zones. This move will speed up electronics manufacturing investments and reduce cost burdens.

February 2, 2026

CPI Protests Union Budget 2026 Over Andhra Pradesh Funding Issues

CPI leaders protest outside Visakhapatnam station, saying Budget 2026 ignores Andhra Pradesh’s needs. No funds for South Coast Railway or Polavaram project, say activists.

February 2, 2026

Most Australian Homeowners Won’t See Mortgage Repayment Rise After RBA Rate Hike

The Reserve Bank of Australia (RBA) is set to raise interest rates. But most of the 3.3 million mortgaged homeowners won’t see higher monthly payments as many already pay extra each month. Only those paying minimum amounts face rising repayments, warns experts.

February 2, 2026

India Raises Duty-Free Limit to ₹75,000 for Imported Goods

India’s government raised the duty-free limit for imported goods from ₹50,000 to ₹75,000. The new rule starts February 2, 2026, and applies to residents and tourists arriving by air or sea.

February 2, 2026

Budget 2026 Boosts Fisheries and Animal Husbandry with New Schemes and Funding

Finance Minister Nirmala Sitharaman launches new fisheries and animal husbandry schemes in Budget 2026. The plan focuses on reservoir development, market support for fishers, and rural employment through credit-linked subsidies.