Latest News: Union Budget 2026–27 Highlights: New Income Tax Act, 2025 to be effective from April 2026; simplified tax rules and forms will be notified soon * Safe harbor limit for IT services raised from ₹300 crore to ₹2000 crore * Foreign cloud service providers granted a tax holiday until 2047 * All non-residents paying tax on an estimated basis exempted from Minimum Alternate Tax * Securities Transaction Tax on futures trading increased from 0.02% to 0.05% * Customs duty exemption extended for capital goods used in lithium-ion battery cell manufacturing * Customs duty exemption granted for capital goods required in processing critical minerals * Tariff rate on goods imported for personal use reduced from 20% to 10% * Basic customs duty exemption extended to 17 medicines and drugs * BioPharma Shakti program with an outlay of ₹10,000 crore to build an ecosystem for domestic production of biologics and biosimilars * Proposal for a ₹10,000 crore SME Development Fund to support MSMEs * Public capital expenditure increased from ₹11.2 lakh crore to ₹12.2 lakh crore in FY 2026–27 * Seven high-speed rail corridors to be developed as Growth Transport Links for sustainable passenger systems * Indian Institute of Design Technology, Mumbai to set up AVGC content creation labs in 15,000 high schools and 500 colleges * A girls’ hostel to be built in every district to address challenges faced by female students in higher education and STEM institutions * In partnership with IIMs, a 12-week hybrid training program will upgrade skills of 10,000 guides across 20 tourist destinations * ICAR packages on agricultural portals and practices to be integrated with AI systems as a multilingual AI tool * Tax on foreign travel packages reduced from current five per cent and 20% to two per cent * Customs bonded warehouse framework revamped into an operator-centric system with self-declaration, electronic monitoring, and risk-based accounting * Indian share markets will be open for trading on Sunday, February 01, as the Union Budget is being presented on that day * Key Highlights of Economic Survey 2025–26: GDP & GVA Growth Estimates for FY 2026: First advance estimates at 7.4% and 7.3% respectively * India’s Core Growth Projection: Around 7%, with real GDP growth for FY 2027 expected between 6.8% and 7.2% * Central Government Revenue: Rose to 11.6% of GDP in FY 2025 * Non-Performing Assets: Declined to a multi-decade low of 2.2% * PMJDY Accounts: Over 552 million bank accounts opened by March 2025; 366 million in rural and semi-urban areas * Investor Base: Surpassed 120 million by September 2025, with women comprising ~25% * Global Trade Share: India’s export share doubled from 1% in 2005 to 1.8% in 2024 * Services Export: Reached an all-time high of $387.6 billion in FY 2025, up 13.6% * Global Deposits: India became the largest recipient in FY 2025 with $135.4 billion * Foreign Exchange Reserves: Hit $701.4 billion on January 16, 2026—covering 11 months of imports and 94% of external debt * Inflation: Averaged 1.7% from April to December 2025 * Foodgrain Production: Reached 357.73 million metric tons in 2024–25, up 25.43 MMT from the previous year * PM-Kisan Scheme: Over ₹4.09 lakh crore disbursed to eligible farmers since inception * Rural Employment Alignment: “Viksit Bharat – Jee Ram Ji” initiative launched to replace MGNREGA in the vision for a developed India by 2047 * Manufacturing Growth: 7.72% in Q1 and 9.13% in Q2 of FY 2026 * PLI Scheme Impact: ₹2 lakh crore in actual investment across 14 sectors; production and sales exceeded ₹18.7 lakh crore; over 1.26 million jobs created by September 2025 * Semiconductor Mission: Domestic capacity boosted with ₹1.6 lakh crore invested across 10 projects * Railway High-Speed Corridor: Expanded from 550 km in FY 2014 to 5,364 km; 3,500 km added in FY 2026 * Civil Aviation: India became the third-largest domestic air travel market; airports increased from 74 in 2014 to 164 in 2025 * DISCOMs Turnaround: Recorded first-ever positive PAT of ₹20,701 crore in FY 2025 * Renewable Energy: India ranked third globally in total renewable and installed solar capacity * Satellite Docking: India became the fourth country to achieve autonomous satellite docking capability * School Enrollment Ratios: Primary – 90.9%, Upper Primary – 90.3%, Secondary – 78.7% * Higher Education Expansion: India now has 23 IITs, 21 IIMs, and 20 AIIMS; international IIT campuses established in Zanzibar and Abu Dhabi * Maternal & Infant Mortality: Declined since 1990, now below global average

Top 10 Tips For A Happier New Year…


There is no secret to happiness, but there is a science to it, says Tim Bono, a psychology lecturer in Arts & Sciences who teaches courses on happiness at the university.

Based on his own research and other scientific studies, Bono offers the following tips for getting and staying happier in the coming year.

● Get outside and move around. Research confirms that a few minutes walking around in nature can boost both mood and energy levels. Exercise is key to our psychological health because it releases the brain’s “feel good” chemicals.

● Reach out and connect with someone. Ask people about their happiest memories and most will mention experiences shared with loved ones. People with high-quality relationships are not only happier, they’re also healthier. They recover from illnesses more quickly, live longer and enjoy more enriched lives.

● Limit time on social media. Sites like Facebook often exaggerate how much better off others are compared with how we might feel about ourselves at the moment. Bono’s research on college students shows more time spent on social media usually is associated with less self-esteem, optimism and motivation while leaving people feeling less socially connected to others.

● Spend less of your time checking email. Adults who check email only “in chunks” at designated times during the day — instead of checking and responding to messages continuously — are significantly less stressed and less distracted throughout the day. And they’re still just as accomplished with their work.

● Get more happiness for your money. Studies show little connection between wealth and happiness, but there are two ways to get more bang for your happiness buck — buy experiences instead of things and spend your money on others. The enjoyment one gets from an experience, like a nice dinner or weekend getaway, will far outweigh and outlast the happiness from adding another possession. A different study found adults given $20 to spend were happier when they spent the money on someone else.

● Carve out time to be happy, then give it away. People dream of finding an extra 30 minutes to do something nice for themselves, but using that time to help someone else is more rewarding and actually leaves us feeling less pressed for time. Doing a good deed empowers us to tackle the next project, helps us feel more in control of our lives and leads to higher levels of happiness and satisfaction.

● Delay the positive, dispatch the negative. Anticipation itself is pleasurable and looking forward to an enjoyable experience can make it that much sweeter. Wait a couple of days before seeing a new movie that just came out, plan your big vacation for later in the summer and take time to savor each bite of dessert. On the flip side, get negative tasks out of the way as quickly as possible — anticipation will only make them seem worse.

● Enjoy the ride. People who focus more on process than outcome tend to remain motivated in the face of setbacks. They’re better at sticking with big challenges and prefer them over the easy route. This “growth mindset” helps people stay energized because it celebrates rewards that come from the work itself. Focusing only on the end outcome can lead to premature burnout if things don’t go well.

● Embrace failure. How we think about failure determines whether it makes us happy or sad. People who overcome adversity do better in life because they learn to cope with challenges. Failure is a great teacher, helping us realize what doesn’t work so we can make changes for the better. As IBM CEO Thomas Watson once said, “If you want to increase your success rate, double your failure rate.”

● Sweet dreams. Get a full night’s sleep on a regular basis. Our brains are doing a lot of important work while we sleep, including strengthening neural circuits that both consolidate memories from the previous day and that help us regulate our moods when we are awake. Sleep deprivation can lead to cognitive impairment similar to that of intoxication, and often is the prelude to an ill-tempered day.