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Budget 2026–27 Sets Futuristic & Manufacturing-Led Growth Framework: Cotton Association of India
knnindia62d ago

Budget 2026–27 Sets Futuristic & Manufacturing-Led Growth Framework: Cotton Association of India

Budget 2026–27 Sets Futuristic & Manufacturing-Led Growth Framework: Cotton Association of India New Delhi, Feb 2 (KNN) The Cotton Association of India (CAI) has said that Union Budget 2026–27 sets out a futuristic, growth-oriented framework aimed at strengthening India’s position as a global manufacturing hub and supporting its ambition to become the world’s third-largest economy.Vinay N. Kotak, President, CAI, said, “The Budget, described as ‘Reform Express’, focuses heavily on scaling up manufacturing across key strategic and frontier sectors. It provides a clear roadmap to move towards a USD 5 trillion economy within a few years and a developed economy status (Viksit Bharat) by 2047.”Focus on Textile SectorCAI also highlighted the budget’s renewed thrust on the labour-intensive textile sector. An integrated programme for textiles seeks to boost demand, enhance competitiveness and support overall sectoral development through skill development, improved ease of doing business and infrastructure creation. Measures include the development of coastal infrastructure, establishment of mega textile parks, promotion of technical textiles, and initiatives such as the Mahatma Gandhi Gram Swaraj programme to strengthen khadi, handloom and handicrafts. These steps are aimed at improving global market access, branding and export competitiveness, the Association said.Customs and Tax Relief for Manufacturing“One of the important changes in the Customs Schedule, which is aimed at providing relief to enable manufacturing, is to move Extra Long Staple Cotton to First Schedule (zero Customs Duty). This will boost exports of our finished textile products and increase India’s share in the world textile markets,” Kotak noted.He added, “Commission earned from a foreign party for facilitating import of goods into India will be treated as an export of services, and no GST will be charged on the same.” (KNN Bureau)

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Gold to copper: Is 2026 the year tokenized assets go mainstream?
coingeek62d ago

Gold to copper: Is 2026 the year tokenized assets go mainstream?

At the Road to Consensus panel hosted by Coins.ph, industry leaders discuss the future of tokenized RWAs and the impact of AI and regulation.The post Gold to copper: Is 2026 the year tokenized assets go mainstream? appeared first on CoinGeek.

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To Avoid a Tax Hike, Billionaires Decide to Take Over California
prospect62d ago

To Avoid a Tax Hike, Billionaires Decide to Take Over California

Facing a proposed wealth tax that would restore health cuts, they’re pouring money into their own gubernatorial and legislative candidates.The post To Avoid a Tax Hike, Billionaires Decide to Take Over California appeared first on The American Prospect.

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[Rappler’s Best] Ah, the Villars
rappler62d ago

[Rappler’s Best] Ah, the Villars

Who would have thought it would come to this? Nearly two decades ago, the presidency was within Manny Villar's grasp.

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Gold loses its long-streak shine
enca62d ago

Gold loses its long-streak shine

Gold loses its long-streak shineEstelle.BronkhorstMon, 02/02/2026 - 12:00 JOHANNESBURG - Gold’s long rally has ended abruptly, its biggest plunge in over a decade.The sell-off was driven by higher CME margin requirements and uncertainty over Kevin Warsh's stance on US interest rate cuts.Spot gold dropped 3.3 percent to $4,703 an ounce after sliding more than 5 percent to a two-week low.It had hit a record high last Thursday. US gold futures for April eased 0.3 percent.CME Group hiked margin requirements on metal futures, effective after Monday’s close.Comex gold futures margins rose to 8 percent from 6 percent, while silver margins jumped to 15 percent from 11 percent.Spot silver fell 5 percent to $80.28 an ounce after hitting a record $121.64 on Thursday.Platinum dropped 4.1 percent to $2,074 an ounce after peaking near $2,918 in late January,while palladium slid 3.3 percent to $1,642.35.

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