One of the most impactful announcements for the sector is the reduction in Tax Collected at Source (TCS) on overseas tour packages to a flat 2%. By easing the upfront financial burden on travellers, this policy is set to enhance affordability, encourage outbound travel, and stimulate dema
Shah expressed his views soon after Finance Minister Nirmala Sitharaman presented her ninth Budget in the Parliament. While no changes were announced to the tax slabs, Sitharaman announced the implementation of the New Tax Act from April 1, 2026. This was the first time in the history of
Union Finance Minister Nirmala Sitharaman on Sunday proposed to develop 15 archaeological sites, including Lothal, Dholavira, and Sarnath, into "vibrant, experiential cultural destinations."
Among the spectators were National General Secretary Vinod Tawde, State President Rajeev Chandrasekhar, Thiruvananthapuram Mayor, councillors, and other party functionaries.
Sanjay Mehta, Deputy Director General of IMC, stated that the budget covers both traditional and frontier technology areas, helping India leverage these technologies and realise their benefits.
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.