Budget

Budget 2026-27: Key challenges and growth drivers in manufacturing sector

Rising costs, AI-led disruption and skill gaps challenge manufacturers, prompting industry calls for labour code rollout, digital skilling and stronger logistics support

Space industry seeks PLI, tax sops and procurement push in Budget

India's space industry has sought PLI incentives, tax holidays and a strong government procurement push in the Budget to spur private investment and global competitiveness

Union Budget 2026-27: Here're key challenges in financial services sector

Rising unsecured loans, fintech-led credit growth and UPI frauds are straining NIMs, pushing NBFCs to seek refinance support, tax relief and easier recovery norms

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

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 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

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

CII flags $1 tn green funding gap, seeks new finance body in Budget 2026

Industry body calls for a GIFT City-based intermediary to scale green capital, recycling and fast-track clearances

CAG terms Assam budget 2023-24 'unrealistic', questions excessive grants

The Comptroller and Auditor General (CAG) has termed the Assam government budgetary assumptions for 2023-24 "unrealistic and overestimated," pointing out that in several cases supplementary grants were approved where expenditure of the original allotted funds was not even done. It also highlighted non-submission of Utilisation Certificates (UCs) and annual accounts of several autonomous councils and other bodies. The CAG report on state finances for 2023-24, laid in the Assembly on Saturday, said the budgetary assumptions of the state government "continued to be unrealistic and overestimated" during the fiscal year, as it incurred an expenditure of Rs 1,39,449.66 crore against grants and appropriations of Rs 1,69,966.13 crore, resulting in overall savings of Rs 30,516.47 crore. These savings stood at 17.95 per cent of total grants and appropriations made for the year. The report said that "the savings were notional, as the funds were not actually available for expenditure", since t

FM Nirmala Sitharaman holds pre-Budget meet with energy, infra leaders

Finance minister Nirmala Sitharaman on Friday chaired her tenth pre-budget consultation, engaging key leaders from the energy and infrastructure sectors ahead of Union Budget 2026-27

Rachel Reeves signals possible UK tax hikes ahead of November budget

In a pre-budget speech in Downing Street carried on national broadcasters, Reeves argued she would prioritize bringing down borrowing costs and inflation

French PM Lecornu rejects forced Budget law, seeks cross-party support

France's new prime minister announced Friday he would not use a special constitutional power to force a budget through parliament without a vote and will instead seek a compromise with lawmakers from the left and the right. Sbastien Lecornu, a 39 year-old centrist, was appointed last month by President Emmanuel Macron after political turmoil over planned spending cuts that led to the fall of his predecessor. Friday's move seek to prevent a no-confidence motion from being voted at parliament, where Lecornu lacks a majority. Each lawmaker must be able to have power, must be able to have responsibility, Lecornu said. I decided to renounce using the article 49.3 of the Constitution. The government will need to change its method, build compromises during the parliamentary debate, he added. The so-called 49.3 article provides says the government can pass a bill without a vote at the National Assembly, the lower house of parliament. Lecornu's predecessor, Franois Bayrou, used it to pass

Jharkhand govt tables ₹4,296.62 crore supplementary budget for FY26

The Jharkhand government on Friday tabled a supplementary budget of Rs 4,296.62 crore in the assembly for the current fiscal 2025-26. Finance Minister Radhakrishna Kishore tabled the first supplementary budget for this financial year. The debate on the demands is scheduled to be held on August 25. The supplementary demands for the current fiscal were initially scheduled to be presented on August 4, but could not be tabled as the House was adjourned sine die as a mark of respect to former chief minister Shibu Soren, who died on that day. Earlier in March, Kishore tabled the annual budget of Rs 1.45 lakh crore for the financial year 2025-26 in the state assembly.

Andhra's revenue deficit breaches 110% of budget estimate in first 4 months

Andhra Pradesh's revenue deficit crossed 110 per cent of the budget estimate, by reaching Rs 36,741 crore in the first four months of the current fiscal, against the projected deficit of Rs 33,186 crore for the entire year, indicating that the state will have to rely heavily on borrowings or Central government assistance . According to the latest statistics released by the Comptroller and Auditor General (CAG), the fiscal deficit for April-July period stood at Rs 48,354.02 which is about 61 per cent of the projected Rs 79,926.90 crore for the financial year. However, the Goods and Services Tax collections grew significantly, achieving 61 per cent of the budget estimate of Rs 27,477.15 crore in the four months. Of the total revenue receipts of Rs 2,97,929.16 crore for the full year, the state achieved Rs 33 per cent at Rs 98,281.42 crore, including Rs 49,198.29 crore of borrowings and other liabilities in the last four months. India Ratings & Research, in a latest report, said for

Pakistan raises defence expenditure by 20% to $9 billion in annual budget

But slashes overall federal spending by a hefty 7%

Pakistan raises defence budget by 20% after Op Sindoor, cuts overall outlay

Pakistan's total budget outlay decreases by 7% to 17.573 trillion Pakistani rupees ($62 billion)

MMRDA presents Rs 40,000 crore Budget for FY26; deficit at Rs 3,249 crore

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis. Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore. This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said. The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure.. Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National

Delhi to prudently handle social welfare schemes, capex to widen fisc

The Rekha Gupta government proposed a 32 per cent rise in expenditure to Rs one trillion in FY 26 with the share of capital expenditure expected to rise to 28 per cent from 21 per cent in FY 25 (RE)

Telangana govt unveils Rs 3.05 trn budget with focus on welfare schemes

The Congress government in Telangana on Wednesday presented a budget of nearly Rs 3.05 lakh crore for 2025-26, with major allocations going for the welfare schemes. The budget estimates revenue expenditure of Rs 2,26,982 crore and capital expenditure of Rs 36,504 crore, said Deputy Chief Minister Mallu Bhatti Vikramarka who tabled the financial document in the state Assembly. "For the fiscal year 2025-26, I am proposing a total expenditure of Rs 3,04,965 crore, with revenue expenditure of Rs 2,26,982 crore and capital expenditure of Rs 36,504 crore," he said. The state government has proposed an allocation of Rs 24,439 crore for the Agriculture Department, including towards the Rythu Bharosa Scheme, under which each farmer receives Rs 12,000 per acre annually as investment support and an additional incentive of Rs 500 per quintal for fine variety paddy procured from farmers. Rs 31,605 crore has been earmarked for the Panchayati Raj and Rural Development Department, while Education

Germany's landmark spending package secures parliamentary approval

The controversial legislation pushed by conservative Chancellor-in-waiting Friedrich Merz was approved Tuesday in the lower house of parliament with 512 votes out of a total of 733