Amidst the tensions in trade, another pot is stirred by the Supreme Court’s judgement in the Tiger Global case. The principles of tax certainty and rule of law are being used to evoke unfairness. However, comparisons with the Vodafone case is nostalgia rooted in incomplete understanding of the law. The …

Air pollution remains a correctable public policy failure, not an inevitable outcome. Recent estimates attribute over 17,000 premature deaths annually to air pollution. Despite India’s leadership in ecological fiscal federalism designed since 14th Finance Commission - retained by the 15th and 16th FCs, unresolved gaps permit this macroeconomic drag to …

The revenue shortfalls are offset by expenditure compression, keeping the headline deficit on target.

Fin­ance Min­is­ter Nirmala Sithara­man presen­ted the Budget for 2026-27 at a moment of heightened global uncer­tainty. Trade ten­sions, shift­ing mon­et­ary policy in advanced eco­nom­ies and per­sist­ent sup­ply-chain fra­gil­it­ies all loom large.

Mar­kets showed a short-term “ran­dom-walk” …

There is a shadow of 16th Finance Commission on Union Budget 2026-27 presented today.

The Sixteenth Finance Commission (FC-16) report, tabled in Parliament today, covering the period 2026-31, retains the magnitude of tax transfers at 41 percent amidst the grand bargain by the states. It offers a balanced yet cautious …