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.

February 1, 2026

Finance Minister Proposes Restructuring of Power Sector NBFCs in Budget 2026

In Union Budget 2026, Finance Minister Nirmala Sitharaman calls for restructuring Power Finance Corporation and Rural Electrification Corporation to boost credit efficiency in the power sector.

February 1, 2026

Two Indian-Origin Men Arrested in US for Multi-State Money Laundering Scam

Two Indian-origin men, Tejas Patel and Navya Bhatt, have been arrested in the US for money laundering linked to scams defrauding hundreds of thousands across Ohio, Michigan and Pennsylvania. The case involves PayPal fraud, fake Microsoft repair scams, and Bitcoin cons.

February 1, 2026

CII Hopes Special Financial Boost for Amaravati and Infrastructure in 2026 Union Budget

CII Andhra Pradesh Vice-Chairman S. Narendra Kumar expects the Union Budget 2026 to announce special funds for Amaravati, industrial corridors, and MSMEs. Plans include incentives for data centers, green energy projects, and easing tariffs for aquaculture.

January 31, 2026

Telangana Minister Slams 11 Budgets of Injustice, Urges BJP MPs to Fight for Funds

Telangana Transport Minister Ponnam Prabhakar criticized 11 years of budget unfairness. He urged BJP MPs to demand higher funds for the state in the upcoming Union Budget.