New Delhi, May 10 (IANS) As Pakistan prepares for the national budget for fiscal year 2026-27, business chambers and industry stakeholders are once again pushing for structural tax reforms, arguing that the country can no longer rely on short-term taxation measures and annual fiscal adjustments to revive economic growth and investor confidence, a report has said.Among the key voices is the Overseas Investors Chamber of Commerce and Industry (OICCI), which has submitted a fresh set of taxation pr…
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New Delhi, April 25 (IANS) Pakistan’s latest revision of property valuation tables by the Federal Board of Revenue (FBR) has once again exposed the formidable influence of the real estate sector and the state’s limited ability to enforce meaningful tax reforms in this domain, a report has said. What was initially presented as a move to bring official land values closer to prevailing market rates has, over time, been steadily watered down through a series of reversals, suspensions and concess…
Washington, April 20 (IANS) India’s growth outlook remains relatively strong, but a prolonged rise in global energy prices could pose risks to the economy, the International Monetary Fund said. “We have modestly increased our forecast by 0.1 percentage point,” Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, said at a press briefing during the Spring Meetings.He said the upgrade reflects strong momentum entering 2026 and easing tariff pressures. “Momentum coming i…
New Delhi, April 8 (IANS) While the International Monetary Fund (IMF) has asked Pakistan to remove subsidy on diesel as keeping prices of fuels below the market price violates the conditions that have been fixed for its loans to the cash-strapped country, Islamabad has, in brazen defiance of the norms, gone ahead with reducing the subsidy on petrol as well.“The prime minister’s Friday night dash to slash the petrol levy — undoing a massive price hike meant to fully pass on the global incre…
New Delhi, Feb 26 (IANS) India’s economy is projected to expand between 6.8 per cent and 7.2 per cent in FY27 as bilateral trade agreements with major economies are expected, along with the government’s economic reforms, to counter the global uncertainties created by the US tariff turmoil, according to the latest EY Economy Watch report.”In the background of India’s extensive bilateral trade agreements with other major economies or economic groups, India’s medium-term prospects have brightened u…
New Delhi, Feb 7 (IANS) As part of a conscious effort by the ruling Bharatiya Janata Party (BJP), state unit leaders on Saturday continued to disseminate the finer details of the Union Budget with Delhi Minister Kapil Mishra hailing the Union Budget for its focus on Creative Economy. “For the first time, special focus has been given to the Creative Economy (Orange Economy) in the budget. Our content creators are the soft power of the nation. New avenues have been opened for them in digital infra…
Gandhinagar, Feb 1 (IANS) The Confederation of Indian Industry (CII) Gujarat on Sunday said the Union Budget 2026 provides a strong and positive framework for accelerating economic growth, strengthening manufacturing competitiveness and improving ease of living. Following a live budget viewing session held in Gandhinagar, CII Gujarat stated that the budget balances immediate economic stimulus with long-term capacity building, guided by the central theme of ‘Sankalp’ and the three stated prio…
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presented by Finance Minister Nirmala Sitharaman marks a decisive step in reshaping India’s tax and trade landscape. With reforms spanning customs, indirect taxation, direct tax rationalisation, and incentives for cooperatives and the IT sector, the proposals aim to simplify compliance, reduce burdens, and strengthen competitiveness. Customs processes are being modernised through digitalisation and AI, while exporters and industries gain relie…
Guwahati, Feb 1 (IANS) The Federation of Industry and Commerce of the North Eastern Region (FINER) on Sunday expressed satisfaction with the Union Budget 2026-27, terming it a well-balanced and growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.The FINER, the key industrial body of the Northeast region, welcomed the government’s emphasis on reform over rhetoric and said the fiscal consolidation glide path has been maintained as targeted.It particula…