tax reforms

Finance Minister Nirmala Sitharaman affirmed the government's commitment to economic reforms despite global challenges, even as the RBI lowered its FY27 growth forecast. The government highlighted strong FY26 performance and introduced tax exemptions for foreign investors in government securities to attract capital.

Hungary's parliament has unanimously slashed lawmakers' salaries by 40%, a move championed by Prime Minister Peter Magyar to curb spending and mend public finances. This significant pay cut, effective next month, also impacts other high-ranking officials and allowances, fulfilling a key reform promise. The government aims to stabilize its economy and secure EU funds.

A US federal judge has blocked President Trump's controversial $100,000 fee for new H-1B visas. The judge ruled the administration overstepped its authority by imposing the charge, calling it an unauthorized tax. This decision offers relief to many aspiring foreign workers, particularly from India, and companies relying on skilled talent.

486 applications for new property IDs remain pending; officials attribute pendency to transfers

India's economy surged by 7.8% in the Jan-March quarter, driven by strong investment, consistent farm output, and expansion in construction and tertiary sectors. This robust demand offset potential negative impacts from West Asian conflicts. The government remains committed to driving economic momentum through decisive policy measures.

India’s balance of payments may see a third consecutive year of deficit, and the rising crude oil prices are threatening to expand the current account deficit. So what’s the solution to the problem?

Provisional data from the Controller General of Accounts indicates the Centre met its 4.4% of GDP fiscal deficit target for 2025-26, an improvement from the previous year's 4.8%. Government revenue reached 98.8% of revised estimates, while total expenditure also stood at 98.8% of the revised target for the financial year.

White Paper calls for investment-led reforms, power sector overhaul and public sector restructuring to ease fiscal stress

The International Monetary Fund (IMF) has allocated $695 million to support Sri Lanka's recovery efforts following Cyclone Ditwah and the ongoing crises in West Asia. While the country faces significant challenges, its commitment to economic reforms demonstrates remarkable resilience. Unfortunately, the escalating conflict has intensified economic difficulties, with growth anticipated to decelerate.

A GW-scale anchor buyer, free to negotiate rates with generators, sends a strong signal for investments in generation. But it doesn’t solve the problem of India’s broken distribution system

A video of a man tearing an Indian flag outside Frisco City Hall, amidst anti-India slogans, has ignited widespread online outrage. The incident, linked to protests against immigration, has drawn sharp criticism for its xenophobic and disrespectful nature. Many highlight the significant contributions of Indian-Americans to Texas and the US economy, urging constructive dialogue over hateful acts.

Tamil Nadu's new government must prioritize policy continuity for industrial growth, building on existing strengths in advanced manufacturing like electronics and semiconductors. The state aims to move beyond assembly to chip design and IP development.

It changed how it taxes alcohol, which made the 'premium' stuff cheaper — and it's supposed to be good for everyone. Is it?

Tamil Nadu theatres can now screen five shows daily for new films during their initial week and on weekends/holidays. This significant rule change, following industry discussions, eliminates the need for special permissions for these extra screenings. The move aims to boost flexibility for exhibitors and cater to increased audience demand, marking a key reform for the state's cinema landscape.

Short-term global economic shocks, like the ongoing Middle East conflict, have the potential to temporarily slow the growth story - a fact that cannot be ignored if India hopes to be among the top three world economies in the coming years.

In a bold move aimed at enhancing governance, the Bihar government has implemented a sweeping administrative reshuffle, elevating ten IAS officers, including three to the prestigious role of Additional Chief Secretary. Among the notable changes, Deepak Kumar Singh has been appointed as Principal Secretary to the Governor, while Arvind Kumar Choudhary and B Rajender expand their portfolios with new responsibilities.

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