Search For "tax reforms"
Budget reforms need industry as equal partner for effective implementation
Updated : 1 month, 1 week ago IST
"We want the industry not just to cooperate, but to become and believe that it is an equal partner in the process," Shrivastava said while addressing the PHD Chamber of Commerce and Industry's (PHDCCI) post-Budget session in New Delhi.
Read More
India's Budget 2026 Aims to Build Services, Digital Infrastructure and Lon
Updated : 1 month, 1 week ago IST
New Delhi [India], February 3: India's Union Budget 2026-27 has elicited strong reactions from industry leaders, particularly in services, technology, real estate and advisory sectors. Across responses, a common theme emerges: policymakers have sought to position India for long-term growth b
Read More
Reforms in direct taxes ensure taxpayers can manage liabilities, reduce di
Updated : 1 month, 1 week ago IST
While speaking at a post-Budget interactive session organised by the Confederation of Indian Industry (CII), the Secretary highlighted key reforms in direct taxation, and noted that the timeline for revising income tax returns has been extended by one quarter, giving taxpayers additional tim
Read More
Budget reinforces long-term biopharma growth despite no new tax incentives
Updated : 1 month, 1 week ago IST
The Union Budget 2026 has signalled a sustained policy push for India's pharmaceutical and life sciences sector, with a strong emphasis on biopharma innovation, research infrastructure and affordability, even as direct tax incentives remain unchanged, noted EY's Budget sectoral alert.
Read More
India's tax-to-GDP ratio mirrors major economies as structural reforms dri
Updated : 1 month, 2 weeks ago IST
A report from Bank of Baroda highlights that this gap represents a significant policy opportunity, as India possesses larger potential due to favourable demographics. The report notes that more efforts are being directed towards holistic tax reforms, including simplification, rationalisation
Read More
Budget 2026: Finance Ministry details progress made by Govt, previous key
Updated : 1 month, 2 weeks ago IST
The Government of India has completed the implementation of several key direct tax reforms announced in recent Union Budgets, aiming to enhance investment certainty and reduce the compliance burden for taxpayers. As the presentation of the Union Budget 2026-27 approaches, the Ministry of
Read More
Govt unlikely to announce major direct tax changes in Budget 2026: Deloitt
Updated : 1 month, 4 weeks ago IST
"I feel the big ticket direct tax reform has already happened, which is in the form of the new Income Tax Act that we have now," Hemkar told ANI in an exclusive interview.
Read More
India seen growing 7.4% in 2025; tax reforms, monetary policy easing buoy
Updated : 2 months ago IST
India's economy is expected to remain one of the fastest-growing major economies globally, with growth projected at 7.4 per cent in 2025, according to the United Nations' World Economic Situation and Prospects 2026 report.
Read More
Niti Aayog's Virmani flags land, power pricing and skills as key challenge
Updated : 2 months ago IST
Virmani said industrial power tariffs in several states are priced well above the cost of production, effectively acting as a tax on manufacturing and job creation. While the central government has addressed many long-standing hurdles through labour law consolidation, tax reforms and regu
Read More
Punjab's GST collections outpace national growth, says Harpal Singh Cheema
Updated : 2 months, 2 weeks ago IST
Punjab Finance Minister Harpal Singh Cheema on Thursday said the state has recorded a significant rise in Goods and Services Tax (GST) collections since the Aam Aadmi Party (AAP) government assumed office in 2022, attributing the growth to systemic reforms, technology-driven enforcement a
Read More
GST 2.0 played key role in supporting domestic consumption, economic growt
Updated : 2 months, 3 weeks ago IST
The impact of GST 2.0 was reflected quickly in tax collections and consumption indicators. Gross GST collections rose to Rs 1.96 trillion in October 2025, registering a 4.6% year-on-year increase, after the new tax structure came into effect.
Read More
Strong fundamentals to keep India among fastest-growing major economies: R
Updated : 2 months, 3 weeks ago IST
Structural drivers, such as digitisation, technological advancements and favourable demographics, may continue to position India among the fastest-growing major economies, according to the Economic Outlook 2026 released by the Mastercard Economics Institute (MEI).
Read More