Expert’s view: Budget 2026 should aim to establish a stable tax environment and propel growth

Sameer Gupta, National Tax Leader, EY India The Income-tax Act, 2025, marks a comprehensive overhaul of India’s six-decade-old direct tax law, replacing the Income-tax Act, 1961, with a simplified, principle-based framework. Aimed at reducing litigation and improving tax certainty, the new law seeks to streamline provisions, remove redundancies, and align tax administration with a digital-first…

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Orphan Widow Cess: Fuel for welfare: Himachal Pradesh proposes cess up to Rs 5 per litre on petrol, diesel to assist orphans, widows | India News

NEW DELHI: The Himachal Pradesh government has proposed a new cess on petrol and diesel to fund welfare measures for orphans and widows.Chief minister Sukhvinder Singh Sukhu on Friday introduced the Himachal Pradesh Value Added Tax (Amendment) Bill, 2026, in the assembly, seeking to levy an “orphan and widow cess” on petrol and high-speed diesel,…

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Blamed by Rohini Acharya, who are Sanjay Yadav and Rameez? People who ‘forced’ Lalu Yadav’s daughter to quit politics | India News

Rohini Acharya and Lalu Prasad Yadav (File photo) NEW DELHI: In a cryptic social media post declaring that she is “disowning” her family, Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav’s daughter Rohini Acharya named two individuals — Sanjay Yadav and Rameez — saying she had been merely doing what they had asked her to,…

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DKS hints at secret power pact, CM lobs ball to Delhi | India News

DK Shivakumar and CM Siddaramaiah (File pic) KANAKAPURA: Karnataka deputy CM DK Shivakumar has stirred the political pot further by claiming there has indeed been “a confidential understanding on leadership transition among five-six leaders” soon after Congress won a landslide in the 2023 assembly elections. Shivakumar has for the first time made a direct reference…

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Boom or skewed spike? India’s exports to China jump 90% – but why there is little reason to cheer

According to GTRI, India’s trade relationship with China has entered a phase of sharp contrasts. (AI image) India’s exports to China surged 90% in November to hit $2.2 billion! However, the remarkable year-on-year spike masks the truth of how volatile India’s exports to China are, and the growing dependence on the neighbouring country for imports,…

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