The 16th Finance Commission (16th FC) has identified Tamil Nadu as one of the top three Indian states suffering significant losses from Public Sector Enterprises (PSEs). This observation has reignited discussions around state finances, governance reforms, and the long-term sustainability of state-owned enterprises. Why Public Sector Enterprise Losses Matter State PSEs play a crucial role […]
India and the United States have taken a significant step forward in strengthening their economic partnership with the announcement of an interim trade deal. While this is not a full-fledged free trade agreement, it eases several trade frictions, lowers select tariffs, and sets the stage for deeper bilateral cooperation. For businesses and investors, this interim
The Reserve Bank of India (RBI) has unveiled a fresh set of regulatory measures aimed at strengthening customer protection in the banking system. With rising instances of digital fraud and growing concerns around the mis-selling of financial products, the central bank’s latest move signals a sharper focus on transparency, accountability, and consumer trust. These reforms
India’s federal fiscal framework is witnessing a subtle yet significant shift. The Finance Commission has increasingly encouraged state governments to align their public sector undertaking (PSU) policies with that of the Centre-particularly in areas of disinvestment, strategic restructuring, and fiscal accountability. This nudge reflects a broader effort to improve efficiency in public enterprises while easing
India’s fiscal federalism has always walked a tightrope-balancing national priorities with state autonomy, equity with efficiency, and reform with political reality. The recommendations of the 16th Finance Commission (FC) arrive at a moment when this balance feels more delicate than ever. Rather than dramatic shifts, the Commission offers what can best be described as a
Here’s the latest gold rate in India today (after Budget 2026) — as of 4 February 2026: 📊 Current Gold Prices (approx, per 10 grams) 🇮🇳 India – Retail / Market Level (varies slightly by city) 💠 City examples (Feb 4) 📈 Market context: 💡 Note: Retail jewellery prices include GST (3%) and making charges
In a welcome move for Indian families and students aspiring to study abroad, the 2026 Budget reduced the Tax Collected at Source (TCS) on overseas education remittances from 5% to 2% when sending amounts above ₹10 lakh under the Liberalised Remittance Scheme. This change is expected to ease the financial burden on those funding international
India’s latest Union Budget for FY 2026-27 unveiled a record capital expenditure of ₹12.2 trillion, underscoring a major government push to strengthen infrastructure, manufacturing, semiconductor capacity and economic resilience amid global trade tensions and tariff risks. The increased spending — almost 9% higher than the previous year — reflects a strategic shift towards building long-term
India is set to witness a key economic milestone as Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2026 in Parliament. As one of the most significant annual financial statements of the country, the Union Budget outlines the government’s fiscal strategy, revenue generation plans, expenditure priorities, and policy direction for the coming financial
The latest economic estimates from the government project that India’s GDP will grow between 6.8 % and 7.2 % in the fiscal year 2026–27, reflecting resilience in domestic demand and sustained investment activity. Despite global uncertainties such as weak exports and geopolitical risks, policymakers remain optimistic that internal economic drivers will uphold healthy expansion, making
