Business
SpiceJet Delhi-Kathmandu Flight Returns After Suspected Fire, Later Cleared To Fly
New Delhi: A Kathmandu-bound SpiceJet flight faced a suspected tailpipe fire at Delhi airport on Thursday but safely returned to the bay. The incident involved flight SG041, which was being operated with a Boeing 737-8 aircraft. The flight was scheduled to leave in the morning but was delayed for more than four hours.
According to the airline, another aircraft on the ground reported a suspected tailpipe fire, prompting the pilots to return as a precautionary measure. SpiceJet said there were no warnings or alerts in the cockpit during the incident. The aircraft was later inspected thoroughly by engineers, and no abnormalities were found.
“On September 11, a SpiceJet aircraft scheduled to operate from Delhi to Kathmandu returned to bay after another aircraft on the ground reported a suspected tailpipe fire,” the airline said in a statement. “No warnings or indications were observed in the cockpit, but the pilots decided to return as a precautionary safety measure,” it added.
The aircraft underwent detailed engineering checks, and no abnormalities were found. The aircraft was subsequently cleared for operations and has already landed in Kathmandu, the spokesperson mentioned. SpiceJet assured that the decision to return was taken only to ensure safety. The number of passengers on board was not immediately known.
A tailpipe is the exhaust pipe of a jet engine, and a tailpipe fire, also called an internal fire, can occur within the normal gas flow of the engine. Such incidents typically happen on the ground, either during engine start-up or shutdown, according to aviation safety platform SKYbrary.
Despite the scare, officials confirmed that the aircraft was safe and ready to resume operations after checks. The shares of the airline closed at Rs 33.64, up Rs 0.58 or 1.75 per cent, on the National Stock Exchange (NSE) on Thursday.
In the last five days, the shares have fallen by Rs 1.82 or 5.13 per cent. However, in the past one month, the stock has risen by Rs 1.96 or 6.19 per cent. Over the last six months, the stock has declined by Rs 15.41 or 31.42 per cent.
India’s budget focuses on infrastructure and defence spending and tax breaks for data-centre investments.
Source link
Business
New Income Tax Act 2025 to come into effect from April 1, key reliefs announced in Budget 2026
New Delhi: Finance Minister Nirmala Sitharaman on Sunday said that the Income Tax Act 2025 will come into effect from April 1, 2026, and the I-T forms have been redesigned such that ordinary citizens can comply without difficulty for ease of living.
The new measures include exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing deadline for non-audit cases to August 31.
Individuals with ITR 1 and ITR 2 will continue to file I-T returns till July 31.
“In July 2024, I announced a comprehensive review of the Income Tax Act 1961. This was completed in record time, and the Income Tax Act 2025 will come into effect from April 1, 2026. The forms have been redesigned such that ordinary citizens can comply without difficulty, for) ease of living,” she said while presenting the Budget 2026-27
In a move that directly eases cash-flow pressure on individuals making overseas payments, the Union Budget announced lower tax collection at source across key categories.
“I propose to reduce the TCS rate on the sale of overseas tour programme packages from the current 5 per cent and 20 per cent to 2 per cent without any stipulation of amount. I propose to reduce the TCS rate for pursuing education and for medical purposes from 5 per cent to 2 per cent,” said Sitharaman.
She clarified withholding on services, adding that “supply of manpower services is proposed to be specifically brought within the ambit of payment contractors for the purpose of TDS to avoid ambiguity”.
“Thus, TDS on these services will be at the rate of either 1 per cent or 2 per cent only,” she mentioned during her Budget speech.
The Budget also proposes a tax holiday for foreign cloud companies using data centres in India till 2047.
Business
Budget 2026 Live Updates: TCS On Overseas Tour Packages Slashed To 2%; TDS On Education LRS Eased
Union Budget 2026 Live Updates: Union Budget 2026 Live Updates: Finance Minister Nirmala Sitharaman is presenting the Union Budget 2026-27 in Parliament, her record ninth budget speech. During her Budget Speech, the FM will detail budgetary allocations and revenue projections for the upcoming financial year 2026-27. Sitharaman is notably dressed in a Kanjeevaram Silk saree, a nod to the traditional weaving sector in poll-bound Tamil Nadu.
The budget comes at a time when there is geopolitical turmoil, economic volatility and trade war. Different sectors are looking to get some support with new measures and relaxations ahead of the budget, especially export-oriented industries, which have borne the brunt of the higher US tariffs being imposed last year by the Trump administration.
On January 29, 2026, Sitharaman tabled the Economic Survey 2025-26, a comprehensive snapshot of the country’s macro-economic situation, in Parliament, setting the stage for the budget and showing the government’s roadmap. The survey projected that India’s economy is expected to grow 6.8%-7.2% in FY27, underscoring resilience even as global economic uncertainty persists.
Budget 2026 Expectations
Expectations across key sectors are taking shape as stakeholders look to the Budget for support that sustains growth, strengthens jobs and eases financial pressures:
Taxpayers & Households: Many taxpayers want practical improvements to the income tax structure that preserve simplicity while supporting long-term financial planning — including broader deductions for home loan interest and diversified retirement savings options.
New Tax Regime vs Old Tax Regime | New Income Tax Rules | Income Tax 2026
Businesses & Industry: With industrial output and investment showing resilience, firms are looking for policies that bolster capital formation, ease compliance, and expand infrastructure spending — especially in manufacturing and technology-driven sectors that promise jobs and exports.
Startups & Innovation: The startup ecosystem expects incentives around employee stock options and capital access, along with regulatory tweaks that encourage risk capital and talent retention without increasing compliance burdens.
Also See: Stock Market Updates Today
The Budget speech will be broadcast live here and on all other news channels. You can also catch all the updates about Budget 2026 on News18.com. News18 will provide detailed live blog updates on the Budget speech, and political, industry, and market reactions.
We are providing a full, detailed coverage of the union budget 2026 here, with a lot of insights, experts’ views and analyses. Stay tuned with us to get latest updates.
Also Read: Budget 2026 Live Streaming
Here are the Live Updates of Union Budget 2026:
Over to you, City: Arsenal recover power and poise in classic Arteta win
Transfer rumors, news: Liverpool eye Jacquet move
Budget 2026: India pushes local industry as global tensions rise
-
Business1 week agoSuccess Story: This IITian Failed 17 Times Before Building A ₹40,000 Crore Giant
-
Fashion1 week agoSouth Korea tilts sourcing towards China as apparel imports shift
-
Sports5 days agoPSL 11: Local players’ category renewals unveiled ahead of auction
-
Tech1 week agoStrap One of Our Favorite Action Cameras to Your Helmet or a Floaty
-
Sports1 week agoWanted Olympian-turned-fugitive Ryan Wedding in custody, sources say
-
Entertainment1 week agoThree dead after suicide blast targets peace committee leader’s home in DI Khan
-
Tech1 week agoThis Mega Snowstorm Will Be a Test for the US Supply Chain
-
Sports1 week agoStorylines shaping the 2025-26 men’s college basketball season