"The 2026 budget is a very growth-oriented and 'Atmanirbhar Bharat' supporting budget. I say that because there is a significant effort made to support the civil aviation growth," Kanaglekar told ANI.
The Union Budget's proposals to extend tax exemptions send a strong signal to global investors and significantly strengthen GIFT City's position as an international financial services hub, said Sanjay Kaul, Managing Director and Group CEO of GIFT City, following the Budget announcement by
The industry has reacted with notable optimism, particularly regarding the scale of public spending. Amisha Vora, Chairperson & Managing Director of PL Capital - Prabhudas Lilladher, highlighted that the 24 Per cent rise in government capex is "huge" and noted the strategic importance
Presenting the Budget, Finance Minister Nirmala Sitharaman announced a set of indirect tax measures in the Union Budget 2026-27, aimed at further simplifying the tariff structure, supporting domestic manufacturing, promoting export competitiveness, and correcting inversion in duty.
The revised framework simplifies the reporting requirement by providing the extension of time for reporting of technical glitches (from one hour to two hours), consideration to the trading holiday's while submitting reports and streamlining the reporting requirement from reporting to all the
Placing its stand on record, the Centre contended that the GST Council, constituted under Article 279A of the Constitution, is an instrument of cooperative federalism comprising the Union and all States, and is the sole body empowered to recommend GST rates, exemptions and classifications
The Central Government has implemented Quality Control Orders (QCOs) in a manner with exemptions and relaxations for the Micro, Small, and Medium Enterprises (MSMEs) to ensure no disruption to the domestic production, said Union Minister Shobha Karandlaje in a written reply in Lok Sabha.
The Central Board of Direct Taxes (CBDT) has stepped up its data-driven push to curb bogus tax deduction claims, warning taxpayers to correct wrong filings after uncovering widespread misuse of donation-based exemptions, according to a Ministry of Finance release issued on Saturday.
SpiceJet chairman & managing director Ajay Singh underlined that SpiceJet has been extending help by running 100 additional flights over the next few days amid the ongoing issue of IndiGo flight delays and cancellations nationwide.
The Ministry of Civil Aviation has directed airlines, especially IndiGo, to implement measures immediately to resolve the severe disruption to flight schedules and stabilise services without delay.
The regulator said that the exemption covers provisions under Night Duty 0000-0650 hours and restrictions on night operations of the revised Flight Duty Time Limitations (FDTL) Civil Aviation Requirements Section 7 Series J Part III Rev 2, Phase-II, applicable to the airline's A320 fleet,
In its letter addressed to the DGCA, ALPA highlighted that the decision to extend exemptions to the airline contradicts prior agreements, compromises pilot safety, and undermines the intent of the FDTL regulations, which are designed to protect passengers and crew.