News
Important amendments to tax laws
19+ min ago (534+ words) The Finance Minister opened Part B of her Budget 2026 speech by confirming that the new Income Tax Act would come into effect from April 2026. Rules and forms are expected to be released soon. One would have thought the Budget would…...
Non audit tax filers to have 3 more months to file revised return, one time scheme to disclose foreign assets
43+ min ago (339+ words) An assessee will get three more months to file the revised Income Tax Return (ITR) but with fee only. At the same time, the Budget has announced one time scheme for discloser of foreign assets. According to the Income tax…...
Tea Board allocation rises 36% in Budget 2026-27; PMCSPY scheme extended for tea worker welfare
1+ hour, 3+ min ago (274+ words) The Tea Board India has witnessed around 36 per cent hike in Budget allocation at "380 crore for financial year 2026-27 from "278.47 crore revised allocation earmarked for financial year 2025-26. The Tea Board, under the Ministry of Commerce and Industry, has received the highest…...
Focus on biopharma comes at the right time: Industry
1+ hour, 17+ min ago (435+ words) The focus on biopharma involving biologicals and biosimilars in the Union Budget for 2026-27 has come at the right time for the Indian pharmaceutical industry and is expected to boost research and development (R&D), according to industry experts." "The "10,000-crore Biopharma…...
Furthering the ease of doing business agenda
1+ hour, 38+ min ago (431+ words) Simplifying tax rules, decriminalising economic offences, digitising Customs operation are the highlights...
Centre to go big on asset monetisation for collecting ₹80,000 cr under ‘Miscellaneous Capital Receipts’
2+ hour, 4+ min ago (274+ words) These include receipts on account of management of equity investments and public assets through various mechanisms With an estimated "80,000 crore to be mopped up under "Miscellaneous Capital Receipts, the Government aims to push asset monetisation during Fiscal Year 2026-27. Meanwhile, Finance…...
Good momentum on flagship schemes
2+ hour, 5+ min ago (77+ words) Explore the positive momentum of flagship schemes and the ongoing commitment to welfarism in central sector initiatives. Good momentum on flagship schemes Outlay on Central sector schemes continue as focus stays on welfarism. Published on February 1, 2026 Comments have to be…...
PSU dividends take the lead
2+ hour, 15+ min ago (89+ words) Explore how PSU dividends dominate budgets amid surprising disinvestment targets for FY27 in recent CPSE financial trends. PSU dividends take the lead Dividends from CPSEs has become the mainstay for budgets in recent times. But the high disinvestment target for FY27 is…...
Bringing the future to the present
2+ hour, 31+ min ago (266+ words) This budget was unique in the way it transitioned to a new vocabulary. With economic fundamentals like a controlled deficit, moderate inflation, and strong growth, the Budget recognised that it is time to bring the future into the present. With…...
A strategic Budget for India’s future
2+ hour, 46+ min ago (341+ words) Discover India's strategic budget focused on long-term growth through innovation in agriculture, healthcare, and manufacturing for a sustainable future. I do not want to analyse the Union Budget 2026 line by line or through the usual lens of "what do I…...