Budget 2026 News

Budget 2026-27: CII wants Centre to fast-track PSE privatisation

Ahead of the Union Budget 2026-27, CII has urged the Centre to adopt a demand-based, three-year privatisation pipeline for public sector enterprises to unlock nearly Rs 10 trillion of value

Budget 2026: Experts ask govt to not up income tax surcharge on super rich

Those earning above Rs 5 crore and are in the new income tax regime pay a 25 per cent surcharge, while those under the old tax regime pay a surcharge at a 37 per cent rate

Micro fertiliser industry seeks uniform 5% GST ahead of upcoming Budget

The association has called for a "clear and time-bound mechanism" for quick refund of excess GST credits, especially for sectors operating under price-sensitive and regulated regimes like fertilisers

Pre-Budget meet: States push for equitable funds, higher deficit limits

The Telangana government has appealed to the Centre to enhance the fiscal deficit target to at least four per cent of the GSDP from the ideal levels of around 3.5 per cent

Karnataka flags shrinking fiscal space, seeks relief in Union Budget

Karnataka urges Centre to address shrinking fiscal space in Budget 2026-27, citing GST shortfalls, social commitments, VB-G RAM G scheme, and pending central aid for projects and welfare

Budget: Tax experts seek clarity on employment deductions available to biz

Ahead of Budget FY27, tax experts seek clarity on Section 80JJAA as ambiguities over employee cost deductions trigger scrutiny and risk disputes for companies

Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation

The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST

Budget 2026-27: Health sector seeks tax relief, rationalised rates

Ahead of Budget 2026-27, healthcare, medtech and pharma firms seek tax relief, higher R&D incentives and stronger support for preventive care and domestic manufacturing

Assocham seeks incentives for hydrogen-based steelmaking in FY27 Budget

Assocham believes the upcoming Union Budget offers a vital opportunity to position India as a global manufacturing hub for steel and value-added products under the 'Make in India' initiative

FY27 Budget presentation likely on Feb 1, Economic Survey on Jan 29

Govt is yet to formally announce the dates

Budget 2026: Rice exporters seek tax relief, credit and freight support

The Indian Rice Exporter's Federation has urged the Centre to provide a 4% interest subvention on export credit, 3% road and rail freight support, and ensure timely disbursal of duty remission schemes

Govt may relax transfer-pricing regime, make eligibility rules flexible

Move aimed at making safe-harbour rules more attractive and practical

Anticipate govt to go for 10% capex growth in upcoming Budget: L&T CFO

Amid concerns about sagging private capital expenditure growth, CFO said that he does not fear a "crowding out" of resources because of the high spending by the state

Pre-Budget meeting: Reforms to stay on top of agenda, signals PM Modi

Ahead of the Budget, Prime Minister Narendra Modi told economists that policymaking must stay aligned with India's 2047 vision, calling for mission-mode reforms and long-term growth focus

Amnesty scheme on anvil to ease Customs cases backlog, clear disputes

Gold, wilful default, narcotics and smuggling cases to be kept out

Centre may set 54.5-55% debt-to-GDP goal for FY27 in Union Budget

While future Budgets will continue to specify annual fiscal deficit numbers, these will now be derived from the debt target rather than serving as the primary target

Budget 2026 should widen tax base, boost investment incentives: Report

The report outlines a six-point advisory for policymakers, urging them to extend the principles of GST reform to direct taxes, enforcement and investment policy

Budget FY27 may have to rely on domestic demand to support growth: EY

EY's Economy Watch report said the FY27 Union Budget may focus on boosting domestic demand to sustain growth, complement RBI rate cuts, and offset the negative contribution from net exports

MSME body pitches unified regulator; seeks banking oversight shift

According to Fisme, the Indian banking system operates under conditions of monopolistic competition, with high switching costs giving banks significant market power over borrowers, particularly MSMEs

Run-up to FY27 Budget: Which sectors got biggest boost in last 3 Budgets?

The Confederation of Indian Industry expects the FY27 Budget to focus strongly on boosting investments to sustain India's high growth momentum