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| Budget 2026-27 charts path to $5 trillion economy milestone: LG Sinha | | Expresses gratitude to PM Modi, FM Sitharaman on development of ecologically sustainable mountain trails in J&K | |  Early Times Report
Jammu, Feb 1: Lieutenant Governor, Manoj Sinha today hailed the Budget 2026-27 as pragmatic which he said will prioritize economic acceleration, create future-ready infrastructure, sustain growth momentum, chart path to $5 trillion economy milestone within a few years and comprehensive fiscal strategy will balance growth ambition with social welfare.
Expressing gratitude to the Hon’ble Prime Minister Shri Narendra Modi and Hon’ble Union Finance Minister Smt. Nirmala Sith | |
| | | | Centre allocates Rs 43,290 crore for J&K | | Higher central assistance, boost for nut crops, eco-friendly mountain trains, and sustainable tourism announced | | | Early Times Report
Jammu, Feb 1: The Centre has proposed an allocation of Rs 43,290.29 crore for the Union Territory of Jammu and Kashmir in the Union Budget 2026–27, nearly Rs 2,000 crore higher than the current year’s outlay.
Union Finance Minister Nirmala Sitharaman, while presenting the Budget in Parliament on Sunday, also announced a national programme for high-value nut crops aimed at strengthening Jammu and Kashmir’s orchard-based economy.
According to Budget documents, the Union Finance Ministry has proposed total transfers of Rs 43,290.29 crore to Jammu and Kashmir for 2026–27.
For the ongoing financial year, central assistance to the Union Territory has been revised upwar | |
| | | | FM proposes to increase time limit for filing revised IT returns from Dec 31 to Mar 31 | | |  Early Times Report
New Delhi, Feb 1: Finance Minister Nirmala Sitharaman on Sunday proposed to increase time limit for filing revised income tax (I-T) return from December 31 to March 31, on payment of nominal fee.
The government also proposed a reduction in TCS rate for pursuing education and medical education under liberalised remittance scheme from 5 per cent to 2 per cent.
Tax Collected at Source (TCS) rate on sale of overseas tour packages was announced to cut to 2 per cent from 5 p | |
| | | | Ladakh gets Rs 4,869.31 cr allocation in Union Budget 2026–27 | | |  Early Times Report
NEW DELHI, Feb 1: The Union government on Sunday proposed an allocation of Rs 4,869.31 crore for the Union Territory of Ladakh for the financial year 2026-27.
In the Budget for 2025-26, Ladakh had received Rs 4,692.15 crore. However, under the revised estimates for 2025-26, the total allocation was up to Rs 7,377.43 crore, which included Rs 5,029 crore in revenue and Rs 2,347.73 crore in capital.
According to the budget documents released on Sunday, out of Rs 4,869.31 | |
| | | | ‘Historic’ budget reflects aspirations of 140 cr Indians: PM Modi | | |  Early Times Report
NEW DELHI, Feb 1: Prime Minister Narendra Modi on Sunday described the Union Budget 2026-27 as “historic”, saying it reflected the aspirations of 140 crore Indians and strengthened the reform journey and charts a clear roadmap for Viksit Bharat.
In his televised post-budget comments on the Budget, presented by Union Finance Minister Nirmala Sitharaman in Lok Sabha, Modi also said the budget was a “highway of opportunities”.
“Today’s budget is historic. It reflects the | |
| | | | Defence Budget pegged at Rs 7.85 lakh Cr; 15% increase over current fiscal | | |  Early Times Report
New Delhi, Feb 1: India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 over the current fiscal’s allocation of Rs 6.81 lakh crore with a major increase in capital expenditure as the military focuses on modernisation in the face of security challenges from China and Pakistan.
The increase in the defence outlay against the backdrop of “historic success of Operation Sindoor” has further strengthened our resolve to make India’s defence system even more r | |
| | | | Over Rs 95,000 crore allocated for VB-G RAM G, MGNREGA gets Rs 30,000 crore | | | | Early Times Report
New Delhi, Jan 1: As the VB-G RAM G scheme is set to be rolled out, the Centre has allocated Rs 95,692.31 crore for it, while an allocation of Rs 30,000 crore has been made for the MGNREGA.
The Viksit Bharat-Guarantee for Rozgar Aajeevika Mission (Grameen) (VB-G RAM G), which promises 125 days of work in a year, will replace the two-decade-old UPA-era rural employment scheme framed under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005.
The MGNREGA scheme will continue till the VB-G RAM G is implemented, and the pending works are completed, Rural Development Ministry officials have said.
According to the Budget documents, the total alloc | |
| | | | Budget sets 25-year growth roadmap: Amit Shah | | |  Early Times Report
New Delhi, Feb 1: Union Home Minister Amit Shah on Sunday said that the Union Budget 2026-27 lays down a long-term development framework for the next 25 years, combining inclusive growth with economic stability and reaffirming the Modi government’s commitment to building a self-reliant and globally competitive India. In a series of posts on X, Amit Shah, stated, “Through Budget 2026-27, Prime Minister Narendra Modi has demonstrated that Atmanirbhar and Viksit Bharat are no | |
| | | | Key Pahalgam terror attack handler, Pak Army officer Imran shot dead by unknown gunmen | | | | Early Times Report
Jammu, Feb 1: In a significant and mysterious development, a serving Pakistani Army officer, Lieutenant Colonel Imran Dayal, was shot dead by unidentified gunmen in Dera Ismail Khan district of Khyber Pakhtunkhwa province, triggering speculation within Pakistan’s security establishment and drawing attention in India.
According to Pakistani media reports, Lt Col Dayal was attacked at close range by unknown assailants who fled the scene immediately after the shooting. Despite the presence of multiple security checkpoints in the area, the attackers remain untraced, and police officials have claimed to have no concrete leads so far.
Sources cited in Indian security cir | |
| | | | Budget session of J&K Assembly to begin today | | | | Early Times Report
Jammu, Feb 1: The forthcoming budget session of the Jammu and Kashmir Legislative Assembly, scheduled to begin here on Monday, is expected to be stormy.
While the Opposition BJP is likely to corner the government over unfulfilled poll promises, the ruling National Conference is also likely to launch counter attack on the opposition on the issue of closing of Katra Medical College.
On the eve of the budget session, a meeting of BJP MLAs was held under the leadership of the Leader of Opposition Sunil Sharma to devise a strategy for the coming session.
Chief Minister Omar Abdullah, who also holds the finance portfolio, will present the Budget for the financial year | |
| | | | Keep separate budget for old Srinagar City: Mehbooba | | | | Early Times Report
SRINAGAR, Feb 1: Peoples Democratic Party president Mehbooba Mufti on Sunday said the Jammu and Kashmir Government should keep a separate provision for development of Old Srinagar city, also known as Shahr-e-Khaas The budget session of the Jammu and Kashmir Legislative Assembly is scheduled to begin on Monday with the address of Lieutenant Governor Manoj Sinha, while Chief Minister Omar Abdullah, who holds the finance portfolio, will present the annual budget for the Union Territory on February 6. Addressing a gathering in Babademb-Khanyar area of Srinagar, Mehbooba said, “Shahr-e-Khaas has its own problems and there should be separate budgetary provision that is exclu | |
| | | | Operation to track down 3 holed-up terrorists underway | | Kishtwar Encounter | | |
Early Times Report
JAMMU, Feb 1: Security forces on Sunday resumed their cordon and search operation in the snowbound area of Jammu and Kashmir’s Kishtwar district to trace and neutralise three Jaish-e-Mohammad terrorists believed to be hiding in the area following a brief gunbattle. Security has been heightened in adjoining areas, with Village Defence Guards (VDGs) put in operational mode for a high degree of vigilance against any terrorist movement in the district.
“The search operation has been resumed this morning after a night-long cordon. The operation to track down holed-up terrorists is underway,” a senior official said. They said that terrorists are continuously changing th | |
| | | | BRO begins snow clearance on Pahalgam-Chandanwari axis | | | | Early Times Report
Srinagar, Feb 1: The Border Roads Organisation (BRO) has undertaken snow clearance operations on the Pahalgam-Chandanwari Road, the gateway of the revered Amarnath Yatra route in Anantnag district.
“The 17-km-long Pahalgam-Chandanwari stretch is being cleared of heavy snow to ensure uninterrupted connectivity for security forces deployed at various locations to guard the Amarnath cave shrine,” a BRO official said here on Sunday.
He said the area has witnessed intense snowfall over the past two weeks, with snow accumulation ranging from four to eight feet along the route.
Despite the constant threat of avalanches and extremely inclement weather conditions, the BRO | |
| | | | 2 PDD employees die in Poonch accident | | |  Early Times Report
Poonch, Feb 1: Two employees of the Power Development Department (PDD) lost their lives in a road accident that occurred in the Jandrola area of Poonch district on Sunday.
An official said, the deceased have been identified as Chindsee Singh Sanu, son of Sukhdev Singh, a resident of Kamsar near the CEO Office, and Kulbir Singh, also a PDD employee, a resident of Mohalla Gernally, Poonch.
The accident took place in the Jandrola area under circumstances that are being as | |
| | | | Reasi: ACB catches JE red-handed taking bribe | | | | Early Times Report
Jammu, Feb 1: The Jammu and Kashmir Anti-Corruption Bureau (ACB) on Sunday trapped and arrested Rahul Gandotra, Junior Engineer posted as TA in the BDO Office, Gulabgarh Mahore, Reasi, for demanding and accepting a bribe of Rs 8,000. The accused already has three cases registered against him under the Prevention of Corruption Act.
In a statement, ACB registered a case FIR No. 03/2026 U/S 07 of Prevention of Corruption Act, 1988 at PS ACB Udhampur against public servant, namely, Rahul Gandotra, JE posted as TA in BDO Office Gulabgarh Mahore District Reasi for demanding and accepting bribe from the complainant.
Statement reads the said accused public servant demanded | |
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