India & World

Wildfire in Nagaland's southern Dzükou valley largely contained: Officials

The Income Tax Act, 2025, simplifies direct taxes, removing ambiguities and thus reducing the scope of legal actions.

To be fair to the government, there is little it can do to influence or predict nominal growth up to 2030-31 and it will have to take things as they come.

Karnataka, Kerala, Tamil Nadu (to a smaller extent) will gain in share in central taxes while states such as Bihar, MP and UP will lose their share.

The immediate and tangible growth question aside, what does the budget tell us about India’s larger ambitions?

Not all reforms are stated at the outset either, no matter how game-changing in nature eventually.

E Sreedharan will begin preparing a DPR for a high-speed rail line in Kerala, despite no budget announcement for it, aiming for trains at 200 km/hr.

The govt has raised the fiscal prudence bar for itself by adopting debt rather than deficit as the guiding anchor of fiscal policy in the current environment

The new Finance Commission awards, for the first time, bring in state-wise contribution to national GDP as part of the tax devolution formula.

The Union Budget 2026-27 aims for 10% nominal GDP growth, focusing on high-value agriculture, services, and manufacturing to boost economic growth.