Indian Navy ship visits Saudi Arabia
New Delhi, Apr 4: An Indian warship has begun a visit to Saudi Arabia and will participate in a military exercise with the navy of the Gulf nation in reflection of multi-faceted bilateral defence cooperation, officials said on Sunday.
An Indian Navy spokesperson said frigate INS Talwar arrived at the Jubail port of Saudi Arabia on Saturday.
"This visit underscores deep-rooted friendly ties and multi-faceted defence cooperation between India and Saudi Arabia," he said.
The official said the ship will be undertaking a passage exercise with Royal Saudi naval forces on its departure.
Another official said both sides are keen to expand maritime cooperation in sync with the overall deepening of defence and security cooperation.
The defence and security ties between India and Saudi Arabia are witnessing gradual expansion.
Chief of Army Staff General MM Naravane visited Saudi Arabia in December last in the first-ever visit by a head of the 13 lakh-strong Army to the strategically important Gulf nation.
General Naravane held extensive talks with senior military officials of Saudi Arabia with an aim to enhance bilateral defence cooperation.
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FM proposes to reduce TCS rates for education, medical purposes
New Delhi: Presenting the Union Budget 2026, Finance Minister Nirmala Sitharaman on Sunday announced relief measures aimed at easing the financial burden on families and streamlining the tax framework.
She proposed reducing the Tax Collected at Source (TCS) on foreign remittances for education and medical purposes from 5 per cent to 2 per cent, a move expected to benefit students studying abroad and those seeking overseas medical treatment.
The finance minister also announced that the new Income Tax Act will come into effect from April 1, 2026, marking a major overhaul of the country’s direct tax system.
