Union Finance Minister Nirmala Sitharaman unveiled the Union Budget 2026 with a clear push toward higher capital expenditure while keeping personal income tax slabs unchanged. The Budget also offers targeted positives for NRIs, positioning the government’s roadmap around investment-led growth without altering tax brackets for individuals. The mix of capex momentum and stability in taxation is the standout takeaway.
The 46th GST Council meeting is set for Dec 31, with rate rationalisation on the agenda. India’s current four-tier structure (5, 12, 18, 28%) and separate cess on luxury and demerit items are facing calls to merge the 12% and 18% slabs and possibly move some items out of the exempt category to balance revenue impact.
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