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NEW DELHI: The Centre is expected to go ahead with its thrust on capital expenditure and is likely to step up spending in the budget, hoping that a multiplier effect, along with higher consumption demand will boost investment and economic activity.At the heart of the strategy will be a focus on railways, which may get…
The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.The 122.3-trillion-yen ($782 billion) budget for the fiscal year from April 2026 will include some nine trillion yen for defence spending, as Prime Minister Sanae Takaichi…
The Confederation of Indian Industry (CII) urged the government to focus on institutional reforms and fiscal consolidation in the upcoming 2026-27 budget to maintain India’s growth momentum. The industry body presented these recommendations on Thursday, emphasising debt sustainability, fiscal transparency, revenue collection, and spending efficiency as key areas for improvement.“India has achieved a rare convergence…
ICAI proposes that married couples be given the option to file a single, joint return. (AI image) Pre-budget suggestions are pouring in, in the North Block. As the government gears up to present the 2026 budget, one proposal stands out for its potential impact on millions of households: optional joint taxation for married couples. It…
Shares of several railway-linked companies surged in afternoon trade on December 22, as stock-specific triggers and rising pre-Budget expectations sparked fresh buying interest across the sector.Jupiter Wagons, IRCTC, RailTel and RVNL were among the top gainers, with some stocks rising as much as 15%, according to an ET report. The rally comes just over a…
NEW DELHI: The Government of India is seeking suggestions for the upcoming Budget 2026 from the general public to help make new rules and plans for the country. According to a post on X by MyGovIndia, the government encouraged people to participate in this important task. The government stated on X, “Building the Budget with…
For high-income taxpayers, buyback proceeds may now be taxed at slab rates up to 35.88%, despite the fact that the shareholder is surrendering and extinguishing their rights in the shares. (AI image) When the Finance Act, 2024 rewired the tax treatment of share buybacks, it upended a long-standing system that had—with all its imperfections—at least…
On the reforms front, the central government and the RBI’s focus on boosting consumption over the last one year is commendable. (AI image) By Gautam DuggadAs India gears up for its Union Budget in February 2026, the crucial question is whether the upcoming fiscal blueprint will focus solely on fiscal consolidation amid weak revenue growth…
The Confederation of Indian Industry (CII) has urged the Centre to adopt a wide-ranging set of reforms in the Union Budget 2026-27 to reinforce India’s investment-led growth cycle and sustain its position as one of the world’s fastest-expanding major economies, PTI reported.In a detailed submission for the upcoming Budget, CII recommended raising central capital expenditure…
BENGALURU: The Satcom Industry Association-India (SIA-India) has called for a threefold increase in the national space budget, creation of specialised manufacturing incentives and long-term funding frameworks for connectivity, navigation and earth observation as part of its recommendations submitted to the finance ministry, Department of Space (DoS) and the Indian National Space Promotion and Authorisation Centre…
