New Delhi, Jan 22 (IANS) Ahead of the Union Budget 2026-27, industry experts on Thursday urged the government to boost the health spending, and grant GST exemption on lifesaving equipment and vaccines, especially for thalassemia and cancer patients.The Union Budget will be presented by the Finance Minister Nirmala Sitharaman on February 1 at 11 am.Citing the rising burden of non‑communicable diseases and cancers in the country, the expert urged the government to invest more deeply in public he…
Latest GST News & Updates
New Delhi, Jan 21 (IANS) With the Union Budget 2026–27 set to be presented on February 1, expectations are rising across sectors, including real estate, capital markets, MSMEs, women, and senior citizens, experts said on Wednesday. They said that the upcoming budget should address ground-level challenges and ensure that its benefits reach ordinary citizens.Speaking to IANS, Eastern Bihar Industries Association president Govind Agrawal said real estate is a sector that directly affects the comm…
New Delhi, Jan 21 (IANS) The Indian manufacturing sector is seeing sustained growth and “increasing optimism” across scale as the industry’s performance index touched an all-time high in the third quarter of FY26, a report has said.The Federation of Indian Chambers of Commerce and Industry’s (FICCI) latest Quarterly Survey on Manufacturing (QSM) saw 91 per cent of respondents reporting higher or stable production levels, up 4 per cent from the 87 per cent recorded in the previous quarter.Indus…
Mumbai, Jan 20 (IANS) As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.However, domestic demand indicator…
New Delhi, Jan 19 (IANS) The mid‑term annual premium growth in India is expected to touch 6.9 per cent between 2026 and 2030, making it the strongest growing major insurance market, a report said on Monday.The report from reinsurance company Swiss Re said the Indian insurance sector is entering a new era of robust mid-term growth, driven by strong macroeconomic fundamentals and rising consumer demand.The reinsurer forecasted life insurance to grow about 6.8 per cent annually, health insurance …
Mumbai, Jan 19 (IANS) India’s residential market saw a structural shift in CY2025 as the high‑end housing segment category became the market’s leading segment for the first-time ever, accounting for about 26.8 per cent of transactions, with around 27 per cent share, a report said on Monday.The report from CBRE South Asia Pvt said the segment’s share has more than doubled since 2022 from 11.8 per cent to 26.8 per cent, driven by rising household incomes, lifestyle upgrades and sustained N…
New Delhi, Jan 18 (IANS) Business confidence in India is steadily improving, reflecting strong domestic demand and expectations of continued reforms in the Union Budget 2026–27, according to the latest Business Outlook Survey by the Confederation of Indian Industry (CII) on Sunday.CII’s Business Confidence Index rose for the third straight quarter to 66.5 in Q3 FY26, marking its highest level in five quarters.The report showed that companies are optimistic about demand, profitability and inv…
New Delhi, Jan 17 (IANS) India’s real GDP growth in FY27 is expected to be in the range of 6–7 per cent, supported by domestic consumption, interest rate cuts, and public capital expenditure, according to a new report.For budgetary analysis, ICRA used the NSO’s ‘First Advance Estimates’ of nominal GDP of Rs 357.1 trillion for FY26, reflecting a growth of 8.0 per cent, and its own estimate of Rs 392.0 trillion for FY27, implying nominal GDP growth of around 9.8 per cent.The rating agenc…
Washington, Jan 16 (IANS) India’s upcoming Union Budget is expected to broadly stay the course, with the government maintaining its focus on fiscal consolidation, macroeconomic stability and stepped-up investment in high-technology sectors, according to Anit Mukherjee, Senior Fellow at ORF America, who has worked extensively on fiscal and development policy.“I’m expecting more of the same because this is the midpoint of this term, of this government,” Mukherjee told IANS in an interview,…
New Delhi, Jan 15 (IANS) Industry stakeholders have called for stronger push to domestic manufacturing and the ‘Make in India’ initiative among the top priorities for the Union Budget 2026-27, a pre-Budget survey conducted by the Associated Chambers of Commerce and Industry of India (Assocham) said on Thursday.The survey, conducted among professionals across manufacturing, services, infrastructure, IT/ITeS, startups and allied sectors, found that 55 per cent of respondents remain optimistic …