February 1, 2026

FM Sitharaman Launches Mahatma Gandhi Gram Swaraj Initiative to Boost Khadi and Handicrafts

On February 1, 2026, Finance Minister Nirmala Sitharaman announced the Mahatma Gandhi Gram Swaraj Initiative to strengthen khadi and handicrafts. The move aims to help weavers and youth, as the Khadi and Village Industries Commission targets ₹2 lakh crore turnover. Sitharaman also presented the 16th Finance Commission report in her ninth budget.

February 1, 2026

Union Budget 2026: Corporate Mitras to Boost MSMEs, New Agri Schemes Announced

Finance Minister Nirmala Sitharaman announced 'corporate mitras' for MSMEs in small cities and new agriculture support schemes in the Union Budget 2026-27.

February 1, 2026

Union Budget 2026: New Mountain, Turtle & Birdwatching Trails to Boost Ecotourism

Finance Minister Nirmala Sitharaman unveils plans to develop eco-friendly mountain, turtle, and birdwatching trails across India in Budget 2026-27. New trekking routes in Himachal, Uttarakhand, and more aim to offer world-class outdoor experiences while protecting nature.

February 1, 2026

New Income Tax Act to Start April 1, Simplified Rules Coming Soon

Finance Minister Nirmala Sitharaman announces the new Income Tax Act will begin on April 1, 2026. New, easy tax rules and redesigned forms will help taxpayers comply without hassle.

February 1, 2026

Tax Holiday Till 2047 for Foreign Cloud Firms Using Indian Data Centres Announced in Budget 2026

Finance Minister Nirmala Sitharaman announced a tax holiday until 2047 for foreign companies offering global cloud services through Indian data centres. Other key moves include creation of National Institutes in hospitality and mental health, plus turtle trail development across three states.