Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Relief for students pursuing education abroad: Overseas spending eased, TCS down to 2%
Union Budget 2026-27 reduced Tax Collected at Source (TCS) on overseas remittances for education and medical purposes from 5% to 2% under the Liberalised Rem...
Budget 2026 | AI impact on jobs and services: Panel to look at the road ahead
Union Budget 2026-27 announced the establishment of a high-powered "Education to Employment and Enterprises Standing Committee" to assess the impact of emerg...
Union Budget: Rs 10K crore for container scheme amid shortage, dependency
Union Budget 2026-27 announced a ₹10,000 crore Container Manufacturing Assistance Scheme, directly targeting India's near-total dependence on Chinese-made sh...
Union Budget 2026-27: To cut China reliance, support for rare earths, critical minerals
Union Budget 2026-27 announced several measures targeting India's significant dependence on China for rare earth elements and critical minerals, with direct ...
IT boost: Budget offers tax certainty with safe harbour reforms
Budget 2026-27 introduces a comprehensive overhaul of India's Safe Harbour Rules for transfer pricing — specifically targeting IT/ITeS, data centres, and ele...
US lowers tariffs on India to 18% from 50% under trade deal; rates better than Vietnam, Bangladesh & Pakistan
The United States agreed to lower tariffs on Indian goods from 50% to 18% as part of the India-US interim bilateral trade framework announced in February 202...
Oil a deal clincher? Trump says India will stop buying Russian crude, will buy more from US, even Venezuela
US President Donald Trump claimed on February 2, 2026 that Prime Minister Modi had agreed to stop purchasing Russian crude oil and instead buy American and V...
Growth remains priority, looking at more PSU divestment: FM Sitharaman
Finance Minister Nirmala Sitharaman stated in post-budget interactions that economic growth remains the government's primary objective, and PSU (Public Secto...
Trump tariff shadow: Budget addresses US demands, backs vulnerable sectors
The Union Budget 2026-27 (presented February 1, 2026) was shaped in part by the shadow of Trump's tariff threats — Finance Minister Sitharaman made strategic...
ExplainSpeaking: Making sense of the Budget, and what it means for the economy
The Union Budget 2026-27 balances three simultaneous objectives: fiscal consolidation (deficit 4.3% of GDP), growth acceleration (capex ₹12.2 lakh crore), an...
Expert Explains: How Budget 2026 shifts from revenue collection to ‘institutional maturity’
Budget 2026-27, in conjunction with the new Income Tax Act, 2025 (coming into force April 1, 2026), signals a deliberate shift in India's direct tax philosop...
India-US trade deal: How Trump influenced India’s trade policy in the run-up to the pact
US President Donald Trump imposed a 25% punitive tariff on Indian imports in August 2025, explicitly linked to India's continued purchase of Russian crude oi...
India–US trade deal reaffirms what had started looking hazy: India’s role as US ally & China counter
India and the United States announced a framework for an interim bilateral trade agreement on February 2, 2026, with the US agreeing to lower reciprocal tari...
What the new fiscal rule means for growth and spending
Budget 2026-27 introduces a new fiscal framework that replaces deficit-targeting with debt-to-GDP ratio as the primary fiscal anchor, marking a departure fro...
Pushing welfare towards the States
The Union Budget 2026-27, tabled alongside the 16th Finance Commission Report (for 2026-31 chaired by Arvind Panagariya), signals a structural shift in India...
More boots, bigger budget: Agnipath outlay jumps 58%, Army’s share the largest
The Union Budget 2026-27 allocated ₹15,173.68 crore for the Agnipath scheme, representing an approximately 58% jump over the previous financial year's alloca...
Union Budget 2026: Govt proposes to top up Self Reliant India Fund with Rs 4,000 crore in FY27 to support MSMEs
Union Budget 2026-27 proposed topping up the Self Reliant India (SRI) Fund with an additional ₹2,000 crore to continue providing risk capital support to micr...
Govt to double outlay of electronic components manufacturing scheme to Rs 40,000 cr: FM
The Union Budget 2026-27 doubled the outlay of the Electronics Components Manufacturing Scheme (ECMS) from ₹22,919 crore to ₹40,000 crore to accelerate domes...
FM Sitharaman announces tax holiday for data centres in India till 2047
Finance Minister Nirmala Sitharaman announced a tax holiday till 2047 (Tax Year 2026-27 to 2046-47) for eligible foreign cloud service providers that operate...
Debt-to-GDP target set at 55.6% for FY27, nominal GDP growth pegged at 10%
The Union Budget 2026-27 introduced a significant fiscal strategy shift, making the debt-to-GDP ratio — rather than just the fiscal deficit — the primary anc...