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Budget 2026 is expected to introduce major reforms including a GST-like overhaul of Customs Duty, simplified TDS rules and potential increases in standard deduction. Multiple sectors, including defence, MSMEs and critical minerals, may see special allocations. New Delhi: As Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on 1 February, expectations are high that the government will introduce a significant revamp of the customs duty structure, similar to the Goods and Services Tax (GST) model. In the backdrop of global geopolitical uncertainty, the focus is likely to remain on boosting economic momentum while strengthening India’s…

Chief Economic Advisor V Anantha Nageswaran said that growth is being supported by strong domestic fundamentals, including consumption and investment. New Delhi: Chief Economic Advisor, V Anantha Nageswaran, on Thursday said India's employment conditions have improved since the launch of the Periodic Labour Force Survey (PLFS). Nageswaran said that unemployment rate has declined from 6 per cent then to 3.2 per cent in 2023–24.  "The PLFS earlier followed a July-to-June cycle and is now shifting to a calendar-year-based cycle. Therefore, data for 2025 will be released sometime in March, which is why we are showing the 2023–24 data. Female labour…

Finance Minister Nirmala Sitharaman will present a record ninth consecutive budget on February 1. This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime Minister Morarji Desai. New Delhi: Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on Sunday, i.e. February 1, 2026. Ahead of that, Sitharaman today tabled the Economic Survey of India in Parliament. Sitharaman will be presenting a record ninth consecutive Union Budget, marking a significant milestone in India's parliamentary and economic history. Ahead of the Budget, here are some facts that you should know. Halwa Ceremony: The…

Economic Survey also focuses on aligning AI adoption with India’s structural realities, such as capital availability, energy constraints, institutional capacity, and market depth, so that technology choices reinforce long-term growth instead of creating fragile dependencies. New Delhi: Finance Minister Nirmala Sitharaman has tabled the Economic Survey 2025-26 in the Lok Sabha, an annual report on the country's economic performance for the financial year. The survey called for key reforms, including overhauling the fertiliser sector, boosting research and development, strengthening irrigation systems and promoting crop diversification. It also focuses on aligning AI adoption with India’s structural realities, such as capital availability,…