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Finance minister Nirmala Sitharaman announced a major overhaul of the tax treatment of share buybacks today, marking a shift in…

While the Union Budget 2026-27 did not bring up cryptocurrencies and virtual digital assets as a prominent area of focus,…

Finance Minister Nirmala Sitharaman disclosed a Rs 40,000 crore allocation for semiconductors during the presentation of the Union Budget 2026 today. The 'India Semiconductor...

When Finance Minister Nirmala Sitharaman presented her ninth consecutive Union Budget, artificial intelligence was not positioned as a startup opportunity…

As part of the Union Budget, the Indian government has proposed relaxing laws that previously taxed contract manufacturers of foreign…

The Union Budget 2026 introduces a series of transformative measures aimed at positioning India as a global hub for manufacturing,…

The Centre has allocated INR 2,000 Cr under the incentive scheme for promotion of RuPay debit cards and low-value BHIM-UPI…

This article has been contributed by  Shelly Kwatra, Assistant Vice President - Investments, BlackSoil In recent years, the prospect of MSME lending in India has...

Sellers exporting goods through ecommerce received a boost in the Union Budget, which includes proposals aimed at easing compliance and enabling faster, more efficient shipments.Finance Minister Nirmala Sitharaman on Sunday said the measure would help small businesses, artisans, and startups access global markets.“To support the aspirations of India’s small businesses, artisans, and startups to access global markets through ecommerce, I am pleased to announce the complete removal of the current value cap of Rs 10 lakh on courier exports,” the Minister said while addressing Parliament. “In addition, the handling of rejected or returned consignments will be approved with the effective use of technology to identify such consignments.”With the cap removed, goods priced above Rs 10 lakh can now be shipped through courier export channels, which typically offer faster delivery and involve less paperwork. Previously, such consignments had to move through cargo shipments, a slower route that comes with higher compliance requirements.The ecommerce industry has welcomed the move. “The Union Budget 2026 is a significant enabler for India’s small businesses, artisans, and startups looking to expand their global footprint,” Tanmay Kumar, Chief Financial Officer of ecommerce logistics startup Shiprocket, told YourStory. “The complete removal of the Rs 10 lakh courier export cap is…  ​Read More​YourStory RSS Feed

The Union Budget 2026 has extended the basic customs duty exemption given to capital goods used for manufacturing of lithium-ion cells for batteries to battery energy storage systems too. Imports of key raw materials for EV batteries, including lithium oxide, hydroxide and lithium carbonates, now attract no basic customs duty as opposed to 7.5% levied earlier. The budget has proposed that a series of additional capital goods for EV battery manufacturing be added to the list of exempted capital goods. This is expected to boost domestic manufacture of lithium-ion battery. Customs duty support was one of the key demands from the electric vehicle ecosystem, prior to the Union Budget, as India gears up to meet the rising demand for EVs. Meanwhile, the government has also made allocations for existing schemes to promote EV adoption in the country. The Budget has set aside Rs 1,500 crore under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme. Also ReadUnion Budget: FM proposes tax holiday for global cloud, data centre companies for 20 yearsPM E-DRIVE Scheme, which was launched in 2024, has a total outlay of 10,900 crore and is expected to be implemented until March 31, 2026. The revised estimate related…  ​Read More​YourStory RSS Feed