Budget News

India’s gross Goods and Services Tax (GST) collections increased 13.9% year-on-year to ₹1.95 lakh crore in June, driven primarily by higher tax receipts from imports, according to government data released on Wednesday. After adjusting for refunds

The Central government’s fiscal deficit reached ₹1.62 lakh crore during the first two months of FY27, accounting for 9.6% of the full-year Budget Estimate (BE) of ₹16.96 lakh crore, according to data released by the Controller General of Accoun

The Income Tax Department of India has amended the ITR filing schedule for AY 2026-27, providing more time for particular categories of taxpayers to file and amend their ITRs. As per the new schedule, taxpayers who file their ITRs using ITR-1 form

The 8th Central Pay Commission (CPC) has extended the last date for stakeholders to submit memorandums and recommendations to June 15, 2026. The move gives central government employees, pensioners, service associations and government departments more

Budget 2026 has brought about a series of income tax and compliance adjustments for individual and salaried taxpayers, although there have been no changes in the income tax slabs under the new tax system. The Union Budget, announced on February 1, ai

The Multi Commodity Exchange (MCX) will remain open for trading on Sunday, February 1, on account of the Union Budget 2026 presentation. Stock exchanges BSE and NSE will also conduct trading sessions despite the day being a Sunday. Invest in In

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2025–26 in Parliament on Thursday, January 29, 2026, at 11 am during the ongoing Budget Session. The document has been prepared by the Department of Economic Affairs under the

The gems and jewellery industry seeks rationalising import duties on precious metals (gold, silver, platinum) and gemstones in advance of the Union Budget 2026-27, as per the latest reports by Money Control. Lower duty rates are considered one way to

The Union Budget 2026 will mostly focus on increasing capital expenditure in infrastructure,as per a Mint report. It is also expected to make structural changes in the Indian economy. As per the news reports, Union Budget will aim at maintaining i

In a call to the government through Budget 2026, equity investors are asking the government to cut the long-term capital gains tax (LTCG) of 12.5% and repeal any increase in securities transaction taxes (STT) to enhance after-tax returns, due to the

Investors expect that in order to bring about Budget 2026, the rate of long-term capital gains tax (LTCG) will be reduced from 12.5% to 10%, as well as have increased exemption limits and the reintroduction of indexation as per the reports by Money C

The Government of India plans to classify aircraft as infrastructure assets in the upcoming Union Budget 2026-27 to encourage the growth of India's aviation sector. As per the reports by Hindu Business Line, the government's proposal would allow airl