Tag: Budget

  • FY26 Budget: Implications for India’s Steel and Metals Industry

    FY26 Budget: Implications for India’s Steel and Metals Industry

    India’s Finance Minister, Nirmala Sitharaman, today presented the Union Budget for fiscal year 2025-26 (FY’25-26). The budget introduces key reforms across six domains – taxation, urban development, mining, financial sector, power, and regulatory frameworks. A significant shift includes reducing import duty on copper scrap to zero. Additionally, cobalt powder, lithium-ion battery waste, lead, zinc, and…