Expelled Amma Peravai wing of the All India Anna Dravida Munnetra Kazhagam (AIADMK) General Secretary V.K. Sasikala on Tuesday expressed disappointment over the Union Budget 2026, stating that the absence of any changes in the individual income tax slabs was disappointing to the public.
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
One passenger said he had high hopes for the Budget, praising last year's exercise in which income tax slabs were revised. He said the Budget holds added significance amid the changing global order, as India is emerging as a soft power and strengthening its international relations.
Economic reforms in 2025 reflect a maturing phase of India's governance, where the emphasis shifted decisively from "expanding regulatory frameworks" to "delivering measurable outcomes", the government said in a Year-Ender note.
A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal during a press conference co-headed
The Goods and Services Tax (GST) reforms, approved by the Union Government on September 4, came into effect on September 22. GST 2.0 features two main tax slabs, 5% and 18%, with a 40% compensation cess for luxury and sin goods.
"When GST was implemented, the entire Opposition had pointed out that it would destroy the small and medium-scale industry and affect the growth rate, and there would be a rise in inflation. GST was imposed on the country for 8 years. Today, the BJP should accept that they had made a mistake
As the Goods and Services Tax (GST) reforms come into effect on the occasion of Navratri, Union Minister Kiren Rijiju on Monday said that the government will reach out to traders and consumers to spread awareness regarding the benefits of the new tax slabs.
Bharatiya Janata Party National Secretary Anil K Antony on Tuesday lauded the recently announced Goods and Services Tax reforms, saying that almost 99% of the goods across the country will see a price decrease, which will help every common man.
Following the Goods and Services Tax (GST) overhaul and reducing the Services Tax slabs to two, Bharatiya Janata Party (BJP) National General Secretary Tarun Chugh lauded Prime Minister Narendra Modi and said that the Delhi BJP passed a vote of thanks and trade organisations in Delhi would c
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman said at an NDTV summit Tuesday.