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"It will be simple, with no provisos or complicated language,” Tuhin Kanta Pandey said, highlighting the significant departure from the current structure of tax laws.
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Sinha said the Union Budget for FY26 aims to achieve high-impact growth while keeping the fiscal deficit within the 4.4 percent target, ensuring macroeconomic stability
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M Nagaraju said that provision of high-quality public services in urban areas will play a significant role in enhancing India’s growth potential
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Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be passed on to the consumers, negating the intended benefit of exemption
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'The GoM is examining all issues comprehensively and will submit a report. They will have to arrive at some consensus,' Sanjay Agarwal said.
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The Q3 consolidated revenue of the Tata Group company increased by 3 percent to Rs 15,793 crore
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Tuhin Kanta Pandey’s remarks come at a time when the United States is intensifying its protectionist trade policies under former President Donald Trump.
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The company's revenue from operations increased 3 percent to Rs 11,550 crore as against Rs 11,233 crore in the corresponding period of the preceding fiscal.
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Budget marks a significant shift from a qualitative goal to a specific, measurable target to 50 per cent by 2031. Since 2013, India's average central government debt-to-GDP ratio has been 49.03 per cent. The USA’s central government debt-to-GDP ratio has remained above 100 per cent since 2020, as also Japan’s, Italy’s and UK’s (barring 2022, when it was marginally lower)
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Finance Minister Nirmala Sitharaman also said that gig workers will be provided healthcare under the government’s flagship Ayushman Bharat scheme.
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Significant tax savings for the middle class should lead to higher spending on consumption, bringing cheer to investors in consumer stocks. The bigger impact could be in encouraging these companies to invest in capacity
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The entire amount will be spent under the Pradhan Mantri Garib Kalyan Anna Yojana, which was extended by five years in November 2023
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This is the second time, the Centre has left the allocation for the rural job plan unchanged. For the current fiscal, too, the outlay for the scheme was the same as in 2023-24 at Rs 86,000 crore
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The PM-KUSUM scheme, an initiative to solarise agriculture in India, got Rs 2,600 crore for FY26 against Rs 2,525 crore (RE) in FY25
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It stated that coal has an important role to play in India’s sustainable development as relying primarily on renewable energy will make electricity unaffordable for the masses.
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Disparity in agriculture sector growth rates among states is attributed to crop diversification
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The leasing was supported by a supply of 38.6 msf. Mumbai, Chennai, and Bengaluru were the key contributors to the supply, accounting for over half the total.
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However, the economic survey stated that the addition of transmission lines was affected by the heavy monsoon conditions that hampered work.
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As India’s energy demand is expected to double by 2032, the Union minister highlighted the need of even higher RE financing to meet 50 percent of the expected rise in demand through renewable energy.
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While the push for the Green Energy Corridors is likely to continue, industry leaders said the government must focus on incentive schemes to promote domestic manufacturing of transmission equipment and extend the waiver on transmission charges for the renewable sector.
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The Trump machine is in top gear, well into the first week. This week brings the Union Budget that falls on Saturday. The business pipeline is buzzing with a battery of events such as US Fed policy call, pre-budget Economic Survey, an IPO and PMI data, among others lined up for the coming week
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Intensifying geopolitical risks, export restrictions and uncertainty over trade policies are the other big worries for India Inc
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In an exclusive interview with Moneycontrol, Paithankar emphasised that if mass skilling doesn’t begin now, India could be looking at a workforce crunch in this sunrise industry
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A friendlier fiscal and monetary policy may fail to benefit bonds as foreign money flees
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On Chaudhary's budget wish list are an amended law governing special economic zones and a focus on the renewable manufacturing sector.
