Answer: D) ₹2,000 crore
Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 on 1 February. In this budget, the Safe Harbour threshold for IT services was raised from ₹300 crore to ₹2,000 crore to provide greater tax certainty to companies.
3. Who has recently been appointed as the Air Officer Commanding-in-Chief of the Eastern Air Command of the Indian Air Force?
A) Air Marshal Harjit Singh Arora
B) Air Marshal V.R. Chaudhari
C) Air Marshal Inderpal Singh Walia
D) Air Chief Marshal Rakesh Kumar Singh Bhadauria
Answer: C) Air Marshal Inderpal Singh Walia
Air Marshal Inderpal Singh Walia has been appointed as the Air Officer Commanding-in-Chief of the Eastern Air Command. An NDA alumnus, he was commissioned into the fighter stream of the IAF on 11 June 1988.
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