Heavy rains disrupt life in Belagavi district, floods hit low-lying areas
Belagavi: Continuous heavy rainfall over the past two days has disrupted normal life across the Bailhongal taluk. Water has entered homes in low-lying areas, causing considerable distress to residents.
In Bailhongal town, localities such as Huded Bavi and Haralaya Colony have been affected by waterlogging.
The situation in rural areas is equally serious. Near Bailavada village, a swollen stream has caused the Nesargi–Bailhongal road to be blocked, bringing vehicular movement to a complete halt. Similarly, near Hosur, overflowing streams have obstructed the Bailhongal–Munavalli main road. Vehicles on both sides of the road are stranded, and travelers in buses and cars have had to take alternate routes to reach their destinations.
The heavy rainfall has also raised fears of severe damage to agricultural fields. Soybean and groundnut crops are particularly at risk of being submerged, leaving farmers anxious about potential losses.
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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.
