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Budget 2026 glossary explained: From deficit to disinvestment, key terms decoded to understand Budget numbers and policies

The Union Budget comes with a vocabulary that can be confusing even for regular readers. Many terms are technical, and are used repeatedly across Budget documents, tables and debates. The “Budget at a Glance” table presents a consolidated snapshot of the Union Government’s finances for a financial year, showing actuals, Budget Estimates and Revised Estimates…

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Budget 2026: Nasscom pushes for startup-friendly tax policies, cloud regulation clarity

Ahead of the Union Budget 2026, the IT industry association Nasscom has urged the government to address pressing tax concerns for startups and technology firms. As reported by PTI, the Nasscom wishlist for Budget 2026 includes extending the Employee Stock Option Plan (ESOP) tax deferment to more startups, clarifying rules around the tax treatment of…

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Trade friction: China takes India’s solar and IT policies to WTO; consultations initiated

China has escalated trade tensions with India by launching a dispute at the World Trade Organization (WTO) over New Delhi’s policies covering solar cells, solar modules and information technology goods, seeking formal consultations under the global trade body’s dispute settlement mechanism, Reuters reported.The WTO said on Tuesday that China has requested dispute consultations with India,…

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‘Tariffs are hurting American businesses’: Lawmakers warn Trump; claim policies straining US–India ties

US Indian-origin lawmakers have raised concerns that measures undertaken by the Trump administration, such as the USD 100,000 fee on H1B visas and 50 per cent tariffs on India, were hurting American businesses and threatening people-to-people ties between Washington and Delhi.The remarks came during a House Foreign Affairs South and Central Asia Subcommittee hearing titled…

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Harvard initiative brings together nine US states to identify effective education policies: Here’s what to know

When the Harvard Graduate School of Education (HGSE) launched its States Leading States (SLS) initiative earlier this year, its goal was not to dictate policy but to measure what works, and why. Last month, the programme announced its first cohort of nine partner states: Alabama, Colorado, Delaware, Illinois, Indiana, Ohio, Rhode Island, Tennessee, and Texas.The…

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UK updates immigration and university fee policies: Expedited visa, sponsorship costs rise – see details

The United Kingdom has announced fresh hikes for in-country expedited immigration services, effective October 21, Tuesday, continuing a trend of significant hikes over the past two years.Expedited processing of sponsorship management requests for worker, temporary worker, or student sponsors now costs GBP 350, up 75% from GBP 200. Meanwhile, priority service for sponsor licence applications…

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University of Virginia reaches settlement over admissions and hiring policies: Is federal oversight redefining campus diversity?

Credit: University’s official website The University of Virginia (UVA) has reached an agreement with the Trump administration to resolve allegations of racial discrimination in its admissions and hiring processes. The Justice Department announced the settlement on Wednesday, bringing to a close a high-profile investigation into the university’s diversity, equity, and inclusion (DEI) policies. The resolution…

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