The BSE Capital Goods Index dropped more than 3% on Saturday as the government announced a capital expenditure budget of ₹11.2 trillion for FY26, almost the same as in FY25.
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A similar sharp reduction was applied to ‘Used motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without sidecars, under a tariff heading’, where the BCD was reduced ...
Reduction in customs duties on key components aims to make smartphones and TVs more affordable while boosting India's electronics manufacturing sector.