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Markets dip astir 2% arsenic FM increases STT connected derivatives
The benchmark Nifty 50 scale declined 1.96%, closing astatine 24,825.45 points connected the peculiar league connected Sunday (February 1, 2026), aft Finance Minister Nirmala Sitharaman announced that securities transaction taxation connected derivatives trades volition beryllium accrued successful the Union Budget 2026-27. The NSE opened level and stayed so, for the amended portion of the 1 and fractional hr fund speech. Almost each sectoral indices increased. Barring Nifty IT, which was up 0.8%, each of the 21 sectoral indices connected NSE were trading down with NIFTY PSU Bank scale dropping by much than 5%. On the Bombay Stock Exchange, SENSEX 30 fell a steeper 1.88% to 80,722.94 points.
Union Budget 2026-27 | Even connected canvass eve, Budget has disappointed Tamil Nadu: CM Stalin
Tamil Nadu Chief Minister M.K. Stalin connected Sunday (February 1, 2026) said that the Union Budget had wholly defeated Tamil Nadu’s expectations that the BJP-led Union authorities would instrumentality enactment of the State’s requirements and perceive to its demands, particularly arsenic it was an predetermination year. “The Budget is wholly disappointing. Ithas ignored the State’s interests, and determination are nary schemes for the payment of the poor, women, farmers, and those connected the margins of society,” helium said successful a statement.
Union Budget disappoints Kerala; 16th Finance Commission raises State’s taxation share
The ‘Sunday Budget’ presented by Union Finance Minister Nirmala Sitharaman was mostly disappointing for Kerala, with the State’s inclusion successful the Dedicated Rare Earth Corridor strategy emerging arsenic the lone large gain. Key demands successful Kerala’s wish-list—a petition for a ₹21,000 crore ‘Special fiscal Correction Package’ to flooded “the existent year’s borrowing constraints” and an All India Institute of Medical Sciences (AIIMS)—remained unfulfilled. The State’s hopes for a high-speed obstruction corridor failed to fig among the 7 specified corridors announced successful the budget. A clutch of proposals made by the State Government seeking Central enactment for port-led projects centred connected the Vizhinjam planetary port, which included obstruction connectivity, besides remained untouched.
Nothing for the communal man, Bengal successful ‘directionless’ Budget: Mamata
West Bengal Chief Minister Mamata Banerjee connected Sunday (February 1, 2026) described the Union Budget for 2026-27 arsenic “directionless and visionless”, claiming that it had thing to connection to the communal antheral and her State. Speaking to reporters astatine Kolkata airdrome earlier leaving for New Delhi, Ms. Banerjee besides alleged that allocation for cardinal sectors had been slashed successful the Budget. “This Budget is directionless, visionless, actionless and anti-people. It is besides anti-women, anti-farmer, anti-education and against the SC, ST and OBC... There is thing connected connection for Bengal successful the Budget,” she said.
Australian Open 2026: Carlos Alcaraz sweeps past Djokovic to triumph maiden title
Carlos Alcaraz swept past Novak Djokovic to triumph his archetypal Australian Open connected Sunday and go the youngest antheral to implicit a vocation Grand Slam, denying the Serbian large an unprecedented 25th major. In doing so, helium became the youngest antheral successful the Open epoch to triumph each 4 majors, adding to his two titles each from Wimbledon and the French and US Opens. At 22, helium surpassed legendary countryman Rafael Nadal — successful the assemblage to witnesser the feat — who was 2 years older erstwhile helium did the same.
Budget 2026: The 14 States mentioned by Finance Minister and a breakdown of related projects
In her Union Budget 2026 speech, Finance Minister Nirmala Sitharaman explicitly named 14 States. However, erstwhile accounting for the States and Union Territories associated with the 27 circumstantial cities and locations highlighted for infrastructure, rail, and practice projects, the full reaches to 24 chiseled States/UTs straight progressive successful the Budget’s roadmap. The mentions of assorted States/UTs successful the Union Budget 2026 code were focused connected the pursuing sectors:
Union Budget: Not truthful poll-driven, but signals absorption connected planetary headwinds
In a twelvemonth when four States and 1 Union Territory — Tamil Nadu, Kerala, Assam, West Bengal and Puducherry — are headed for Assembly elections, expectations astir the Union Budget, astatine slightest successful governmental circles, were that these States would person immoderate goodies. While the Budget did see announcements touching these States, the measures were packaged wrong broader multi-State initiatives that reflected the Government’s effort to equilibrium home governmental expectations with planetary economical uncertainties.
Reopening of Gaza’s Rafah crossing expected Monday, officials say
Gaza’s main borderline crossing successful Rafah volition reopen for Palestinians connected Monday (February 2, 2026), Israel said, with preparations underway astatine the war-ravaged enclave’s main gateway that has been mostly unopen for astir 2 years. Before the war, the Rafah borderline crossing with Egypt was the lone nonstop exit constituent for astir Gazans to scope the extracurricular satellite arsenic good arsenic a cardinal introduction constituent for assistance into the territory. It has been mostly unopen since May 2024 and nether Israeli subject power connected the Gazan side.
Union Budget 2026: Defence gets grounds ₹7.85 lakh crore Budget boost post-Operation Sindoor
In a decisive propulsion to strengthen nationalist information successful the aftermath of Operation Sindoor and absorption connected indigenous defence production, the Union Budget has allocated a grounds ₹7.85 lakh crore to defence services, marking the highest-ever outlay for the sector. The allocation accounts for 2% of the estimated GDP for the adjacent fiscal twelvemonth 2026-27, and reflects a 15.19% summation implicit the Budget estimates for the existent year. Defence spending present constitutes 14.67% of the Union government’s full expenditure, the highest among each Ministries.
Budget 2026: Rare world corridors projected arsenic India navigates China’s sectoral dominance
Finance Minister Nirmala Sitharaman announced successful her Union Budget 2026 code that the government volition enactment the mineral-rich States of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing uncommon world corridors to beforehand the mining, processing, research, and manufacturing of captious minerals. This announcement arrives as China — the ascendant unit successful uncommon world production and exports — leverages its mining manufacture arsenic a strategical bargaining spot successful its ongoing tariff warfare with the U.S. While the U.S. remains the second-largest importer of Chinese uncommon earths aft Japan, India is besides heavy babelike connected China for these materials.
Union Budget 2026-27: Community-owned SHE Marts to beryllium acceptable up for women SHG entrepreneurs, says Sitharaman
Building connected the occurrence of the Lakhpati Didi scheme, community-owned retail shops volition beryllium acceptable up for the women entrepreneurs from self-help groups, Finance Minister Nirmala Sitharaman said connected Sunday (February 1, 2026). Presenting the Union Budget in the Lok Sabha, the Minister called it the “next step” for these self-help radical (SHG) members, towards being “owners of enterprises”. “Building connected the occurrence of the Lakhpati Didi programme, I suggest to assistance women instrumentality the adjacent measurement from credit-linked livelihood to being owners of enterprises,” Ms. Sitharaman said.
Union Budget 2026-27: Government proposes motorboat of Khelo India ngo to alteration sports sector
The government’s flagship Khelo India programme to scout grassroots-level sporting talent is acceptable to get a boost with Finance Minister Nirmala Sitharaman connected Sunday (February 1, 2026) proposing the motorboat of a Khelo India ngo to besides absorption connected systemic improvement of grooming centres and coaches implicit the adjacent decade. Presenting the Union Budget for the twelvemonth 2026-27, the Minister said the ngo volition facilitate an integrated endowment improvement programme done inter-linking pathways. The Khelo India programme was launched successful 2017 and its superior nonsubjective was to clasp nationalist level competitions crossed property groups for endowment identification.
PM Modi renames Adampur airdrome aft Guru Ravidas, inaugurates Halwara airdrome civilian terminal successful Punjab
Prime Minister Narendra Modi connected Sunday (February 1, 2026) unveiled the caller sanction of the Adampur airdrome arsenic Guru Ravidass Maharaj Ji Airport, Adampur successful Jalandhar and besides virtually inaugurated the civilian terminal gathering astatine the Halwara airdrome successful Ludhiana. The premier minister, who reached the Adampur airdrome astatine astir 3.45 p.m., would besides beryllium visiting Dera Sachkhand Ballan connected the juncture of the 649th commencement day of Guru Ravidas.
India trashes Pakistan’s allegations of Indian manus successful disturbing bid successful Balochistan
India on Sunday (February 1, 2026) categorically rejected as baseless Pakistan‘s allegations of an Indian manus successful attempts to disturb bid successful Balochistan, and said it is Islamabad’s accustomed tactics to deflect attraction from its “internal failings”. External Affairs Ministry spokesperson Randhir Jaiswal, trashing the charges, besides highlighted Pakistan’s grounds of suppression, brutality and usurpation of quality rights.
Union Budget 2026-27: Totally lacklustre, says Congress
The Congress connected Sunday (February 1, 2026) said the Union Budget was “totally lacklustre” and fell woefully short of the hype that was generated astir it. Finance Minister Nirmala Sitharaman presented her ninth budget speech. Congress wide secretary, Communications, Jairam Ramesh said the fund code fixed by Union Finance Minister Nirmala Sitharaman was besides “non-transparent” arsenic it gave nary thought of the budgetary allocations for cardinal programmes and schemes.
