Budget 2026: What is a tax holiday? What Nirmala Sitharaman announced in her Budget speech

Union finance minister Nirmala Sitharaman on Sunday announced a tax holiday till 2047 for foreign companies providing cloud services globally using data centres located in India, signalling a major push to strengthen the country’s digital infrastructure.Presenting the Union Budget for FY 2026-27 Sitharaman said, “I propose to provide tax holiday till 2047 to any foreign…

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Heat, cramps and chaos: Jannik Sinner survives Melbourne furnace to reach fourth round | Tennis News

Jannik Sinner of Italy (AP Photo/Dita Alangkara) The courtside temperature climbed to 40 degrees. The heat was tangible, almost opaque, rising like a wall at Melbourne Park. Sinner, whose struggles in heat and humidity are well documented, wobbled. The Australian Open’s two-time champion was cramping, first in his legs, then in his hands. World No….

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Punjab: On first day of Operation Prahar-2, over 1,200 persons arrested | India News

CHANDIGARH: On the first day of Operation Prahar-2, a drive against wanted criminals, the Punjab Police conducted statewide raids on Monday and arrested over 1,200 persons, an official said.The police conducted 2,760 raids at locations linked to wanted criminals, the police officer said.Notably, further intensifying the ongoing “Gangstran Te Vaar” (war on gangsters) campaign, on…

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Trade dispute: China seeks WTO consultations with India over ICT tariffs; flags solar subsidies

China on Friday requested consultations with India at the World Trade Organisation (WTO), challenging New Delhi’s tariffs on information and communication technology (ICT) products and subsidy measures in the solar sector, according to PTI.In a statement, China’s Ministry of Commerce said India’s measures allegedly violate multiple WTO obligations, including the principle of national treatment, and…

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Who was Agnivesh Agarwal? Anil Agarwal’s son & Vedanta Group director passes away at 49; PM Modi offers condolences

PM Narendra Modi, on Thursday, extended his condolences over the passing of Agnivesh Agarwal, the 49-year-old Vedanta Group director. Taking to X, PM Modi wrote, “The untimely passing of Shri Agnivesh Agarwal is deeply shocking and saddening. The depth of your grief is evident in this touching tribute. Praying that you and your family find…

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Forex reserves rise $4.4 billion to $693 billion

MUMBAI: India’s forex reserves jumped by $4.4 billion to $693.3 billion during the week ended Dec 19, Reserve Bank said on Friday. The overall kitty had increased by $1.7 billion to $689 billion in the previous week.For the week ended Dec 19, foreign currency assets increased by $1.6 billion to $559 billion, data showed. Source…

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