New Delhi: The Finance Ministry will commence the pre-budget exercise for the fiscal year 2026-27 from October 9, 2025, against a backdrop of geopolitical uncertainties and a steep 50 per cent US tariff on shipments from India. The upcoming budget is expected to focus on boosting domestic demand, generating employment, and steering the economy towards...
Aam Aadmi Party (AAP) national convener and former Delhi Chief Minister Arvind Kejriwal on Thursday launched a scathing attack on Prime Minister Narendra Modi, accusing him of bowing down to pressure from US President Donald Trump by removing the 11% import duty on American cotton. Addressing a press conference in New Delhi, Kejriwal alleged that...
The government has formally notified the Income-tax Act, 2025, marking a significant overhaul of India’s income tax framework. The Act, which consolidates and amends existing tax laws, received the President’s assent on August 21, 2025, as per a gazette notification issued by the Ministry of Law and Justice. The new legislation will extend to the...