Business
Union Budget 2026 To Be Tabled On Sunday, February 1; Parliament Session Begins January 28
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Parliament Budget Session: The first phase of the Budget Session will conclude on February 13. Parliament will then go into recess and reassemble on March 9.
File photo of the parliament in session.
The Budget Session of Parliament will commence on January 28 and continue till April 2, Union Parliamentary Affairs Minister Kiren Rijiju said.
In a post on X (formerly Twitter), Kiren Rijiju said the session has been approved by President Droupadi Murmu on the recommendation of the Union government.
“On the recommendation of the Govt of India, Hon’ble President of India, Smt. Droupadi Murmu ji has approved the summoning of both the Houses of Parliament for the Budget Session 2026. The Session will commence on 28 January 2026 and continue till 2 April 2026,” Kiren Rijiju said.
On the recommendation of the Govt of India, Hon’ble President of India, Smt. Droupadi Murmu ji has approved the summoning of both the Houses of Parliament for the Budget Session 2026.The Session will commence on 28 January 2026 and continue till 2 April 2026.The first phase… pic.twitter.com/FxGYCL7keq
— Kiren Rijiju (@KirenRijiju) January 9, 2026
According to the minister, the first phase of the Budget Session will conclude on February 13. Parliament will then go into recess and reassemble on March 9, with the session ending on April 2.
The recess period is traditionally used by department-related standing committees to examine the demands for grants of various Union ministries and departments.
The Union Budget 2026 is likely to be presented in Parliament on February 1, which falls on a Sunday, while the Economic Survey is expected to be tabled on January 20.
Both Houses of Parliament will not meet on January 29 due to the Beating Retreat ceremony, which marks the formal conclusion of Republic Day celebrations.
The Budget Session is considered one of the most significant sittings of Parliament, as it includes the presentation and passage of the Union Budget and key financial legislation for the coming fiscal year.
Delhi, India, India
January 09, 2026, 20:21 IST
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The Indian government has proposed the Income-tax Rules 2026, making PAN cards mandatory for select high-value transactions. Replacing the 1962 rules, these changes aim to simplify and bring transparency to the tax system. After considering suggestions, the rules are expected to be finalized and implemented by April 1, 2026.
Here’s a detailed look about how PAN cards are used in various financial transactions.
Immovable Property Transactions: PAN will be required for property transactions exceeding Rs 20 lakh, which is up from Rs 10 lakh. It will include purchase, sale, gift, or joint development agreements.
Motor Vehicles Purchase: PAN is now required for motor vehicle purchases exceeding Rs 5 lakh, including two-wheelers that have been exempted so far. Additionally, those who buy premium bikes or expensive cars will need to quote PAN. Meanwhile, tractors are still excluded.
Cash Deposits And Withdrawals: PAN will be required for aggregate cash deposits or withdrawals exceeding Rs 10 lakh in a financial year. As per the existing rules, it is required for cash deposits of more than Rs 50,000 in a day at a bank or post office.
Hotel And Restaurant Payments: It will be required for cash payments exceeding Rs 1 lakh, which is up from Rs 50,000.
Insurances: PAN will be required to initiate account-based relationship with insurance companies, irrespective of the premium account.
Business
Himadri Speciality Starts Commercial Operations Of 70,000 TPA Carbon Black Line; Details Here
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With the brownfield expansion, the company’s total carbon black capacity has risen to 2,50,000 TPA.
Shares of Himadri Speciality Chemical were trading 0.70% higher at Rs 491.5 apiece on the NSE on Wednesday.
Himadri Speciality Chemical Ltd has commenced commercial operations of its newly commissioned 70,000 tonnes per annum (TPA) speciality carbon black line at its Mahistikry manufacturing facility in Hooghly, West Bengal, the company said on Tuesday (February 24).
With the brownfield expansion, the company’s total carbon black capacity has risen to 2,50,000 TPA. Of this, 1,30,000 TPA comprises speciality carbon black capacity at the Mahistikry site, making it the world’s largest single-location speciality carbon black manufacturing facility.
The expansion bolsters Himadri’s speciality portfolio and strengthens its ability to cater to high-value, performance-driven applications across plastics, inks, paints, coatings and other niche segments.
According to the company, the project integrates advanced process technologies, modern quality control systems, energy-efficient operations and scalable infrastructure to ensure consistent production of premium grades for global customers.
Anurag Choudhary, CMD and CEO, Himadri Speciality Chemical Ltd, said, “The commencement of commercial operations of our 70,000 MTPA (metric tonnes per annum) speciality carbon black line at Mahistikry marks the beginning of the next phase of growth in our advanced carbon materials journey. With this expansion, Mahistikry becomes the world’s largest single-location Speciality Carbon Black facility, with a capacity of 1,30,000 MTPA. This positions us strongly to capture rising global demand in premium, application-specific segments such as plastics, inks, paints, coatings, and other specialised industries.”
He added, “The newly-commissioned capacity is expected to contribute meaningfully to revenue growth and strengthen the Company’s margin profile over the medium term. As global demand continues to shift toward high-performance, customised carbon solutions, Himadri’s enhanced scale provides competitive advantages through operational efficiencies, supply reliability, faster market responsiveness, and improved product innovation capabilities.”
Shares of Himadri Speciality Chemical were trading 0.70% higher at Rs 491.5 apiece on the NSE on Wednesday.
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