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Meghna Mittal

Deputy News Editor, Moneycontrol

Net direct tax collections till January 11 at Rs 18.37 lakh crore, up 8.8% YoY

BUSINESS

Net direct tax collections till January 11 at Rs 18.37 lakh crore, up 8.8% YoY

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 8.8 percent on year. This growth is lower than the projection made in the Budget.

Budget 2026 likely to unveil mining policy to cut imports, boost silver, copper production

BUSINESS

Budget 2026 likely to unveil mining policy to cut imports, boost silver, copper production

The policy is expected to offer a larger role to private players in mining and processing of silver, copper and zinc to meet growing industrial demand amid global supply strain

Budget 2026: Stakeholders seek tax relief, credit support for MSMEs

BUSINESS

Budget 2026: Stakeholders seek tax relief, credit support for MSMEs

Stakeholders have also called for rationalisation of customs duties on critical raw materials, extension of concessional tax regimes for new units

Can’t act solo on GST cut for air purifiers ahead of next Council meet: Centre tells Delhi High Court

BUSINESS

Can’t act solo on GST cut for air purifiers ahead of next Council meet: Centre tells Delhi High Court

Next GST Council meeting likely after the Budget, with government sources flagging pan-India impact if any rate cut on air purifiers

Local body, health infra grants lag under 15th Finance Commission over compliance issues

BUSINESS

Local body, health infra grants lag under 15th Finance Commission over compliance issues

Delays linked to pending local body elections, property-tax compliance and capacity gaps in PRI-led health projects

In iPhone-like push for auto-component exports, govt bats for quality for a bigger play in global supply chain

BUSINESS

In iPhone-like push for auto-component exports, govt bats for quality for a bigger play in global supply chain

India seeks deeper integration into global auto-component supply chains dominated by Mexico and Japanese and US players

Further simplification, fine-tuning to shape GST in 2026

BUSINESS

Further simplification, fine-tuning to shape GST in 2026

With GST entering a consolidation phase in 2026, experts argue that fine-tuning through inverted duty structure correction, MSME compliance simplification and data-led enforcement will matter more than broad rate revisions

Inflation, consumption outlook 2026: Policy support and low inflation expected to sustain demand recovery

BUSINESS

Inflation, consumption outlook 2026: Policy support and low inflation expected to sustain demand recovery

After a year of easing price pressures and policy-led income support, economists say consumption momentum that strengthened in late 2025 is now feeding into the 2026 outlook.

PRAGATI helps expedite infra projects, Navi Mumbai airport an example: Cabinet Secretary TV Somanathan

BUSINESS

PRAGATI helps expedite infra projects, Navi Mumbai airport an example: Cabinet Secretary TV Somanathan

The PM chairs these meeting directly with chief secretaries of states and secretaries of central ministries to address issues relating to specific projects.

India’s economic reform newsmakers — 2025

BUSINESS

India’s economic reform newsmakers — 2025

Appointed RBI Governor in December 2024, Sanjay Malhotra guided monetary policy in 2025. In his tenure, the central bank delivered about 125 bps of rate cuts amid easing inflation and stable growth.

Mantris who meant business in 2025

BUSINESS

Mantris who meant business in 2025

From trade agreements to following the path of fiscal prudence, streamlining GST, a new tax code and more. 2025 was a year of some long pending reforms. Significantly, India also replaced its labour laws with 4 new labour codes. The ministers behind the reforms that defined India in 2025.

Economists flag fiscal risks at PM’s pre-Budget meeting, call for capex recalibration and revival of household savings

BUSINESS

Economists flag fiscal risks at PM’s pre-Budget meeting, call for capex recalibration and revival of household savings

Public capital expenditure should gradually be brought closer to 3 percent so that more financial resources are available for the private sector, economists said. In the FY26 Budget, the government budgeted around Rs 11.21 lakh crore for capital expenditure, higher than 3 per cent of GDP.

Rs 1.6 lakh crore unreleased, Centre sets March 31 deadline for pending 15th finance commission claims

BUSINESS

Rs 1.6 lakh crore unreleased, Centre sets March 31 deadline for pending 15th finance commission claims

If states are not able to claim the funds within the award period, it automatically results in savings for the government

CBDT launches data-driven nudge campaign for AY26, flags bogus political donations

BUSINESS

CBDT launches data-driven nudge campaign for AY26, flags bogus political donations

The initiative, which is advisory in nature, requires identified taxpayers to file revised income-tax returns (ITRs) by December 31, 2025.

Tailwinds for aviation sector: Budget 2026 likely to offer incentives to small aircraft makers

BUSINESS

Tailwinds for aviation sector: Budget 2026 likely to offer incentives to small aircraft makers

The scheme has received in-principle approval from the finance ministry, as operational details are worked out

Budget 2026 likely to give Drone Shakti a boost through incentive based manufacturing scheme

BUSINESS

Budget 2026 likely to give Drone Shakti a boost through incentive based manufacturing scheme

Sources say proposal includes capex- and output-linked subsidies, separate from existing drone PLI scheme

Budget 2026: Centre may overhaul export-certification to cut port delays, rope in private players

BUSINESS

Budget 2026: Centre may overhaul export-certification to cut port delays, rope in private players

The proposal seeks to open up export quality and compliance certification to private players to reduce clearance timelines at ports from about 10 days to three

Net direct tax collections till December 17 at Rs 17.04 lakh crore, up 8% YoY

BUSINESS

Net direct tax collections till December 17 at Rs 17.04 lakh crore, up 8% YoY

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 8 percent on year. This growth is lower than the projection made in the Budget.

VB-G RAM–G Bill signals shift in rural jobs funding, experts raise questions on states’ capacity

BUSINESS

VB-G RAM–G Bill signals shift in rural jobs funding, experts raise questions on states’ capacity

Unlike MGNREGA’s Centre-heavy financing, the proposed VB-G RAM–G framework introduces a 60:40 funding model, shifting greater fiscal responsibility for rural employment to states.

Budget 2026 likely to overhaul SEZ norms to boost local sourcing

BUSINESS

Budget 2026 likely to overhaul SEZ norms to boost local sourcing

A Rajiv Gauba-led committee has recommended easier domestic market access for SEZs, with suggestions to reduce duty distortions to enable smoother sourcing and sales

FM assures of ample fertiliser stocks in rabi season, says urea buffer raised by 20 lakh tonnes

BUSINESS

FM assures of ample fertiliser stocks in rabi season, says urea buffer raised by 20 lakh tonnes

The government has sought Parliament’s approval for Rs 18,525 crore towards fertiliser and related subsidies in the first batch of Supplementary Demands for Grants for FY26

High borrowing, crowding out private investment fears may limit capex push in upcoming Union Budget

BUDGET

High borrowing, crowding out private investment fears may limit capex push in upcoming Union Budget

Budget 2026-27 may peg central capex (capital expenditure) at 3.2 percent of the GDP for FY27, slightly higher than 3.1 percent pegged for the current financial year. "Capex cannot keep rising indefinitely when the government is already running a persistent revenue deficit," one official said

India raises MSP for copra sharply for 2026 season to boost coconut farmer incomes

BUSINESS

India raises MSP for copra sharply for 2026 season to boost coconut farmer incomes

The MSP for 2026 season is an increase of Rs 445 per quintal for milling copra and Rs 400 per quintal for ball copra over the previous season.

HAL’s gas turbine engine project hit by delayed test-bed approvals, says Parliament panel

BUSINESS

HAL’s gas turbine engine project hit by delayed test-bed approvals, says Parliament panel

The Committee cited delays arising from the 'failure to secure critical components on time, due to procurement bottlenecks and delayed approvals for test-bed construction' as well as land clearance issues.

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