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The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj…
Employee Stock Option Plans (ESOPs) have emerged as a critical tool for companies to attract and retain talent. Yet, despite their growing use, especially in multinational group structures, the tax treatment of ESOPs in India continues to be riddled with uncertainty, leading to disputes for both employers and employees.Two areas warrant urgent attention which Budget…
Budget 2026 should introduce a gold-linked credit line via UPI, enabled for NBFCs. (AI image) By George Alexander MuthootUnion Budget 2026 comes at a critical juncture for India’s growth journey. With political stability, resilient macro fundamentals and strong domestic demand, the government has an opportunity to deepen financial inclusion while accelerating credit-led growth. For the…
Union Budget 2026 is set to be presented on Sunday, February 1 and the startup ecosystem has laid out a clear set of expectations, calling for policy measures that prioritise early-stage survival, easier financing and simpler regulatory processes. Founders across sectors highlighted that although multiple government schemes exist to support entrepreneurship, young startups continue to…
Budget 2026: For the first time, the Union Budget will be presented on a Sunday! Lok Sabha Speaker Om Birla on Monday confirmed the date for Budget 2026, saying that the Union Budget will be announced on Sunday, February 1.The upcoming Union Budget will be presented by Finance Minister Nirmala Sitharaman, marking the eighth time…
The Indian Biogas Association (IBA) has proposed the creation of a Rs 10,000 crore fund to provide capital subsidy to the biogas industry in the Union Budget 2026, calling for higher fiscal support to accelerate investment, improve project viability and scale up green energy adoption, PTI reported.In its Budget recommendations, the industry body urged the…
Industry body Confederation of Indian Industry (CII) has called for a faster, demand-driven privatisation strategy for public sector enterprises (PSEs) in the Union Budget 2026-27, urging the government to adopt a predictable roadmap to unlock value from disinvestment and mobilise resources for capital expenditure amid global economic uncertainties.In its Budget proposals, CII suggested an accelerated…
Tax experts have cautioned the government against raising the income tax surcharge on high-income individuals or reintroducing a wealth tax in the Union Budget 2026-27, warning that such moves could push wealthy taxpayers to relocate to low-tax jurisdictions and hurt investment and job creation.At present, individuals earning over Rs 50 lakh are subject to a…
The Confederation of Indian Industry (CII) suggested a four-fold privatisation process in their recommendations on the Union Budget 2026-27. They called for faster and more predictable disinvestment. The industry body claimed that a calibrated privatisation approach would help sustain capital expenditure and fund development priorities, particularly in sectors where private participation can improve efficiency, technology…
The Indian Micro-Fertilizers Manufacturers Association (IMMA) has requested several key changes from the central government ahead of the Union Budget. These include extending 5 per cent GST to all fertilizers under the Fertilizer Control Order, speeding up GST credit refunds, and creating a single licensing system. The association made these demands on Sunday through its…
