Page 466 - Budget 2026 News
Redefining backwardness of states
New criteria look at per capita income, literacy rate, human development indicators
 "Redefining backwardness of states")
 "Fiscal deficit target on expected lines: Madan Sabnavis")
 "No step to directly push growth: D K Joshi")
TRC not good enough to get tax benefit
Budget proposes compliance of all DTAA provisions mandatory from April 1, 2013
Modified GAAR from April 2016
The modified provisions preserve the basic thrust and purpose of GAAR: FM
Move to ensure greater tax compliance
Expansion of income tax-related IT platforms and Service Tax Compliance Encouragement Schemes are expected to enhance compliance
 "Move to ensure greater tax compliance")
Modest increase in defence spend
The increase in defence spending this year is much smaller than the 17.6% raise the armed forces received in last year's Budget-"one of the highest in recent years
 "Modest increase in defence spend")
 "MY BUDGET: Ankur Bhatia")
Neither Scrooge nor Santa: Satya Poddar
FM has left the basic tax structure untouched and relied on surcharges to meet the deficit numbers
 "Neither Scrooge nor Santa: Satya Poddar")
A workmanlike Budget: Rajiv Kumar
Introduction of 15% additional investment allowance for next two years will strengthen investment flows
 "A workmanlike Budget: Rajiv Kumar")
 "Finance minister misleading nation: Narendra Modi")
Wooing women, Chidambaram style
Minister promises a dedicated bank, some gold to take home and a Rs 1,000-cr fund
 "Wooing women, Chidambaram style")
Major push for core sector growth
Budget aims to raise Rs 50,000 cr through tax-free bonds, set up major ports & a road regulator
 "Major push for core sector growth")
 "Budget with eye on elections: Yashwant Sinha")
Health, education could have done with more
Allocations for schemes remain by and large constant
 "Health, education could have done with more")