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Union budget set for welfare boost and rural spending jump Care Ratings flags 75000 crore

Union budget set for welfare boost and rural spending jump Care Ratings flags 75000 crore

Care Ratings says the upcoming Union Budget will aim to lift consumption by increasing welfare allocations and funding rural economic initiatives. It expects revenue expenditure to jump by about Rs 75,000 crore versus prior interim budgets, with higher support for employment guarantee schemes, PM Awas Yojana housing, PM Gram Sadak Yojana rural infrastructure and measures for labor-intensive small businesses.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Govt to fix inverted duty structure in Budget for 13 to 14 products, boosting local manufacturing

Govt to fix inverted duty structure in Budget for 13 to 14 products, boosting local manufacturing

Ahead of the Union Budget on February 1, the government is considering changes to an “inverted duty structure” affecting 13 to 14 products. In some cases, taxes on inputs are higher than on finished goods, inflating costs for manufacturers and weakening competitiveness. The Commerce Ministry has flagged the issue to the Finance Ministry, urging reform to support local manufacturing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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PLI Scheme a game changer to lure global firms as India targets long term manufacturing export growth

PLI Scheme a game changer to lure global firms as India targets long term manufacturing export growth

Finance Minister Nirmala Sitharaman said India’s PLI scheme is designed to attract global firms by rewarding players with scale while strengthening both the domestic market and exports. Speaking at the M V Kamath Centenary Memorial Lecture, she argued that the government’s economic approach follows consistent short- and medium-term policy set within a long-term vision outlined in the Budget presented on February 1, 2021.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Most Indian crypto investors want equity style taxes while 66% call current rules unfair

Most Indian crypto investors want equity style taxes while 66% call current rules unfair

A CoinSwitch survey ahead of India’s Union Budget finds 61% of crypto investors want taxation aligned with stocks or mutual funds, while 17% favour a separate framework. Despite mixed preferences, 66% describe the current regime as unfair, pointing to the need for clearer, more rational rules that better match how investors view crypto assets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Budget cuts TCS rates and simplifies TDS process to reduce upfront tax burden on taxpayers

Budget cuts TCS rates and simplifies TDS process to reduce upfront tax burden on taxpayers

The Union Budget makes tax collection simpler by revising Tax Collected at Source (TCS) rates and easing parts of the TDS framework. A key relief comes from a lower 2% TCS on education, medical, and tour packages below ₹10 lakh—expected to reduce upfront payments for overseas travelers, students, and people arranging medical treatment abroad.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Budget 2026-27 sticks to fiscal discipline and pushes reforms for long term competitiveness

Budget 2026-27 sticks to fiscal discipline and pushes reforms for long term competitiveness

Union Budget 2026-27 aims for fiscal prudence while preserving growth, with deficit consolidation continuing and capital expenditure sustained. Although markets reacted cautiously to the STT increase, the government also signaled broader market reforms, including buyback easing, PIS liberalisation, bond-market development, and targeted support for sunrise sectors to strengthen long-term competitiveness.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Nifty and Sensex open lower as Santa rally stays away Experts flag 2026 triggers

Nifty and Sensex open lower as Santa rally stays away Experts flag 2026 triggers

Indian benchmark indices opened lower on Friday, pointing to an absent Santa rally as momentum remains weak and foreign fund outflows continue. Nifty slipped at the start of trade, with experts suggesting the market’s trajectory could improve later as the 2026 Union Budget, future trade deals/FTAs, and company earnings collectively drive gains into the first quarter of CY2026.

Summarised by Beize from a story on Republic on 24 Apr 2026
FACSI demands GST easing and easier credit for micro and small firms in 2026 27 Budget

FACSI demands GST easing and easier credit for micro and small firms in 2026 27 Budget

FACSI has asked the Centre to give micro and small enterprises stronger support in the 2026 27 Union Budget, calling for GST relief, easier credit, and faster access to finance. It also wants a dedicated advisory council for MSMEs and simpler GST return processes, arguing that reducing compliance and funding friction could boost survival and growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Budget push gathers industry input on tax rates base and duty structure

Budget push gathers industry input on tax rates base and duty structure

Ahead of the Union Budget process, the Finance Ministry has invited suggestions from industry and trade bodies on possible changes to duty structures, tax rates, and the broadening of the tax base. The communication covers both direct and indirect taxes and asks stakeholders to provide economic justifications for proposed changes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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