Tax Cuts Create Rs 3 Trillion Revenue Gap, Fail to Boost Consumption
Last year's tax giveaways have not stimulated consumer spending as expected, instead creating a massive Rs 3 trillion hole in government revenue growth, according to analysis.
Last year's tax giveaways have not stimulated consumer spending as expected, instead creating a massive Rs 3 trillion hole in government revenue growth, according to analysis.
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Analysts expect continued fiscal consolidation with targeted spending in defence, pharma, and sunrise sectors.
Finance Minister Nirmala Sitharaman presents Union Budget 2026-27 on February 1. Experts predict focus on infrastructure, fiscal prudence, with unlikely major tax changes.
Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2026. Experts highlight fiscal deficit, GDP growth, capex, Atmanirbhar Bharat, and tax slabs as key focus areas.
Former RBI governor Raghuram Rajan argues central bank policies are enabling unsustainable government deficits, creating dangerous economic vulnerabilities.
With the Union Budget just weeks away, investors are preparing portfolios amid subdued market sentiment. Analysts highlight expectations on manufacturing, fiscal discipline, and strategic positioning.
Get clear answers on fiscal deficit in India's Union Budget 2026. Learn its impact on the economy and policy direction with simple explanations.
Mihir Vora, Chief Investment Officer at TRUST Mutual Fund, discusses expectations for Union Budget 2026, stock market prospects, and Q3 earnings in an exclusive interview.
The Narendra Modi government confronts a significant Rs 3 trillion fiscal shortfall in the upcoming Union Budget 2026, limiting options for tax cuts.
The Modi government confronts a significant Rs 3 trillion fiscal gap in the upcoming Union Budget 2026, with experts predicting no major tax cuts to address the shortfall.
India shifts from fiscal deficit to debt-to-GDP as its primary fiscal anchor from 2026-27. While offering flexibility, low tax revenues pose a significant challenge to achieving the 50% target by 2031.
Former CEA Arvind Subramanian & Prof. Devesh Kapur analyse India's unique development path, skipped manufacturing transition, and the fiscal costs of precocious democracy. Key insights from their Idea Exchange.
Climate change is now a fiscal crisis. From heatwaves to floods, environmental damage hits budgets. The green transition demands massive public spending. Explore the economic reshaping.
India is on track to achieve, and potentially exceed, its 4.4% fiscal deficit target for FY26, boosting investor confidence. PwC's Ranen Banerjee explains the fiscal math despite lower nominal GDP growth.
Death of Dilseng Marak in a group assault in Meghalaya's West Garo Hills triggers peace meetings and calls for calm. Three arrested, quarry owner absconding. Read more.
PM's Economic Advisory Council outlines a fiscal consolidation roadmap, targeting deficit and debt reduction in the 2026 Union Budget to fuel India's developed nation vision. Read the strategic plan.
Meghalaya Transport Corporation ceases school bus operations from April 1. Parents urged to switch to STEMS for safe, sustainable student transport in Shillong. Read more.
India's FY26 budget faces a major tax revenue gap, but strong non-tax receipts and GDP revisions are likely to keep the fiscal deficit near its 4.4% target. Get the full analysis.
India's nominal GDP growth estimate of 8% for 2025-26 falls short of budget assumptions, risking tax collections and the 4.4% fiscal deficit target. Read the analysis.
Despite a projected ₹1.5-2 trillion tax revenue gap and slower nominal GDP growth, India's fiscal deficit target of 4.4% for FY26 remains achievable. Strong non-tax revenues and statistical revisions provide crucial support. Read the full analysis.
India's nominal GDP for FY25 estimated at Rs 357.14 lakh crore, slightly above budget projection. Fiscal deficit target of 4.4% hinges on spending control. Read the full analysis.
A man died from a dynamite explosion at his workplace in Meghalaya's East Jaintia Hills. Police have registered a case, and the Human Rights Commission has taken suo motu cognizance. Read for details.
Karnataka's fiscal deficit hits the legal 3% ceiling due to rising borrowings for welfare schemes. Officials say borrowing may touch Rs 93,000 crore. Read more on the state's budget challenges.
India's economy grew at a robust 7.6% in real terms for FY24, yet low inflation significantly narrowed nominal GDP growth, impacting budget calculations. Economists weigh in on the implications.
Official data projects India's economy to grow 7.4% this fiscal, powered by strong manufacturing and household spending. Key drivers and expert insights revealed.
As India's fiscal devolution faces scrutiny, a prudent balance is critical for mending strained Centre-state ties. Expert analysis on the path forward. Read more.
India's economy is projected to expand 6.9% in FY27, driven by reforms and trade pacts. Retail inflation may average 3.8%. Read the full forecast.
India Ratings and Research forecasts India's GDP growth at 6.9% for FY27, citing a persistent 'Goldilocks' economic scenario. Key drivers include robust investment and controlled inflation. Read the full analysis.
Analysis reveals state capital expenditure doubled to Rs 8.4 trillion in 5 years, driven by central loans & borrowing flexibility. The 16th Finance Commission's recommendations will be crucial for future spending space. Read more.
GST rate reductions impact tax revenues, pushing Centre's fiscal deficit to 62.3% of target. States face higher borrowing costs. A year of tough expenditure cuts ahead to meet deficit goals. Read the full analysis.