Budget 2026’s proposed tax holiday extension for GIFT City aims to make India’s IFSC more competitive globally. Analysts argue that tax certainty, along with rationalised dividend provisions, can improve investor confidence and encourage deeper onshoring. The move is expected to strengthen GIFT City’s ability to attract international finance business compared with rival centres.
Small and medium aluminium recyclers have asked the PMO to remove the 2.5% import tax on aluminium scrap, citing surging costs and tight global supplies. They say the duty blocks access to reliable imported material, weakening their competitiveness and slowing downstream manufacturing. India’s secondary aluminium sector depends heavily on such imports, making the tax a key pain point.
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India is moving from exporting software services toward AI inference hubs, including offering tax holidays to foreign firms. The shift promises new revenue streams, but it risks shrinking demand for traditional coder roles. Policymakers are urged to redesign workforce plans—creating roles like AI supervisors—to keep India’s young talent from being left behind.
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