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    • The government needs to address its spending capacity challenge

      An analysis of the Union Budget reveals a pattern of systematic underspending, where welfare and infrastructure projects are sacrificed not just for fiscal prudence, but due to a deeper crisis in the government's capacity to execute its own grand plans

    • OPINION | Budget 2026–27, STT hike and the F&O market reality

      Despite a growth-focused Budget, markets reacted sharply to higher F&O taxes. The STT hike aims to curb excessive speculation, but stronger regulatory measures are needed to genuinely protect retail investors 

    • Budget 2026 — Turning point for transfer pricing certainty in GCCs

      Safe harbour rules streamlined to reduce characterisation and audit risk

    • OPINION | Union Budget 2026 charts a path for emergent Bharat

      The Budget 2026 balances growth with inclusion, focusing on manufacturing, services, and agriculture to transform Emergent Bharat while advancing India’s long-term vision of Viksit Bharat 

    • OPINION | Why India’s defence–GDP ratio matters less than capability

      India’s defence spending should focus on capability and modernisation. Predictable funding matters more than fixed GDP targets. This approach ensures preparedness despite fiscal constraints and long-term security challenges

    • OPINION | Budget 2026 lays medium-term foundation for job-led growth

      Budget 2026 prioritises fiscal credibility while embedding employment in sectoral choices, exports and human capital. The shift is deliberate and medium-term. Job-led growth will ultimately depend on execution and state capacity

    • The 16th Finance Commission’s ambitious fiscal roadmap vs the budget’s cautious glide path

      The 16th Finance Commission charts a bolder path to 3.5% fiscal deficit and 47.6% debt-to-GDP by 2030-31 than the Union Budget 2026-27’s more measured steps, yet both signal a shared commitment to long-term fiscal discipline

    • OPINION | Union Budget signals fiscal prudence and growth-oriented reforms

      The Union Budget reinforces fiscal consolidation through disciplined deficit targets and higher capital expenditure. Targeted tax reforms support infrastructure-led growth, boost manufacturing competitiveness, expand services, and strengthen the financial sector

    • Budget math holds as govt brings debt centre stage

      Financing the fiscal deficit in FY27 through market borrowings would need the help of the RBI

    • OPINION | The strategic shade in the budget

      India needs to complement its macroeconomic soundness by addressing geopolitics. Budget takes steps in that direction through proposals on a rare earth corridor, semiconductor incentives and a generous tax break for data centres

    • OPINION | Union Budget 2026 brings changes to M&A, tax rules and deal financing

      The Union Budget 2026 reshapes M&A dynamics. It changes share buyback taxation and disallows certain interest deductions. These measures affect deal structuring, financing, risk management, and exit strategies

    • OPINION | From Liquidity to Long-Term Capital: How the budget seeks to unlock India’s next growth phase

      For MSMEs, the Budget delivers one of its most consequential packages in recent years

    • OPINION | Budget reframes India’s growth heartland beyond the Metros

      The Budget signals a clear shift towards non-metro India. It empowers MSMEs, regional clusters, technology and skills. This drives inclusive growth, global integration and long-term resilience

    • OPINION | Budget reinforces confidence, urban growth, and India’s platform economy

      The Budget reflects India’s balanced growth. It strengthens urbanisation, platform work and MSMEs. Reforms expand livelihoods, social protection and economic confidence 

    • India's Budget 2026-27: Fiscal discipline meets growth ambition

      The STT hike is a short-term headwind for equity markets and bond yields may remain elevated due to higher borrowing

    • Union Budget 2026: India’s quiet discipline with continued growth agenda

      The Union Budget 2026-27 demonstrates the government's commitment to infrastructure investment, MSME empowerment, and fiscal consolidation while navigating global economic uncertainties

    • Why India Budget 2026 is constructive from a fixed income perspective

      The government's FY27 fiscal deficit target of 4.3% of GDP and elevated capex allocation reinforce policy credibility though higher gross borrowings will test market appetite in the near term

    • Union Budget 2026: How rising transaction costs could drive away traders, foreign investment

      The Finance Minister's decision to raise securities transaction tax has rattled markets, with the Nifty falling sharply as traders worry about shrinking margins and reduced market liquidity

    • OPINION | A budget that furthers the reforms process

      The basic assumptions of the Budget seem to be in order. It does well and should help the economy achieve a sustained 7% growth rate

    • OPINION | 16th Finance Commission: A shift in approach to grants and tax devolution

      16th Finance Commission: A shift in approach that will not help states with lower fiscal capacity. The Commission has discontinued grants-in-aid for revenue needs. Its underlying approach is that fiscal surgery can be performed through blunt instruments

    • OPINION | Union Budget 2026–27: Steady signals for long-term growth

      What stands out is the continued emphasis on digital public infrastructure and predictable, rule-based governance 

    • OPINION | Defence budget gets a big boost, hits 2% of GDP

      There’s a clear emphasis on spending focused on the cutting edge of the military and domestic procurement of equipment This year, the relative importance of defence spending has risen 

    • India Budget 2026: Fiscal anchor shifts to debt-to-GDP, sustains capex-led growth

      The Union Budget for 2026-27 maintains its focus on capital expenditure and macro stability while transitioning to a debt-to-GDP fiscal framework to create space for countercyclical support, if needed

    • OPINION | Budget 2026 signals India’s shift to strategic, tech-led growth 

      Budget 2026 is ultimately a statement of confidence, one that envisions India as a global hub for data infrastructure, manufacturing competitiveness, and semiconductor innovation

    • Union Budget 2026: Ease of doing business over market populism

      While focusing on structural reforms and ease of doing business, this year’s Budget consciously avoids short-term market appeasement, leaving investors to navigate volatility as valuations recalibrate

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