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Union Budget 2026–27: Experts Call For Focus On Ease Of Doing Business

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Union Budget 2026–27: Experts Call For Focus On Ease Of Doing Business


New Delhi: With less than two weeks left for the presentation of the Union Budget 2026–27, experts on Monday believe the government should focus strongly on improving ease of doing business and expanding opportunities for women across sectors. 

Speaking to IANS, tax expert Manmohan Srivastava Kaju said the government had provided significant relief to taxpayers in the previous budget by increasing the income tax exemption limit to Rs 12 lakh.

“The introduction of GST 2.0, under which tax slabs were reduced to two, was also a positive step,” he added.

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Looking ahead to the upcoming budget, the expert said the government should prioritise measures that make business operations simpler and more efficient.

“Traders currently face several issues on the GST portal, which often create compliance-related challenges,” he noted.

Citing an example, he said many notices are now issued only through the GST portal. As a result, a large number of traders fail to check them regularly, which sometimes leads to higher tax payments or penalties.

“The government should consider restarting physical communication alongside digital notices to avoid such problems,” he mentioned.

The Union Budget 2026–27 will be presented in Parliament on February 1 by Finance Minister Nirmala Sitharaman.

This will be the ninth consecutive budget presented by Sitharaman. She has already created a record by delivering the highest number of consecutive budgets after C.D. Deshmukh, who presented seven budgets in a row.

If she presents the budget for the financial year 2028 as well, she will equal the record of late Morarji Desai, who presented a total of 10 budgets across two tenures between 1959–1964 and 1967–1969.

FM Sitharaman was appointed India’s first full-time woman finance minister in 2019 after Prime Minister Narendra Modi returned to power for a second term.

Finance Minister Sitharaman continued to hold the finance portfolio after the Modi-led government secured a third consecutive term in 2024.

 

 



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FDA vaccine head will step down in April after string of controversial decisions

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FDA vaccine head will step down in April after string of controversial decisions


The logo for the Food and Drug Administration is seen ahead of a news conference at the Health and Human Services Headquarters in Washington, April 22, 2025.

Nathan Posner | Anadolu | Getty Images

A key U.S. Food and Drug Administration official who oversees vaccines and biotech treatments will step down from the agency following multiple decisions that raised concerns within the industry.

Vinay Prasad, director of the Center for Biologics Evaluation and Research, will leave the FDA at the end of April, an agency spokesperson confirmed on Friday. It is his second departure from the position: He briefly left the post in July following backlash over his regulatory decisions, and returned only two weeks later in August.

In a post on X, FDA Commissioner Marty Makary said the FDA will appoint a successor before Prasad returns next month to the University of California San Francisco, where he taught before taking the FDA position last year. Makary said Prasad “got a tremendous amount accomplished” during his tenure at the agency.

Prasad’s decision to step down comes after criticism of the FDA mounted within the biotech and pharmaceutical industry and among former health officials. In the past year, the agency has denied or discouraged the approval applications of at least eight drugs, according to RTW Investments, after taking issue with data the companies used to support their applications. The FDA also initially refused to review Moderna’s flu shot before it later reversed course.

All of those companies accused the FDA of reversing previous guidance about the evidence they could use to back their applications, sparking criticism within the industry that an unreliable regulatory process could stifle development of drugs for hard-to-treat diseases.

A former FDA official who spoke to CNBC on the condition of anonymity to speak freely on the issue called the reversals the worst kind of regulatory uncertainty because companies say they are being told one thing and then experience another.

In a statement earlier Friday, an FDA spokesperson said there was “no regulatory uncertainty,” adding the agency “makes decisions based on the evidence, but does not make assurances about outcomes.” The spokesperson said the FDA is “conducting rigorous, independent reviews and not rubber-stamping approvals.”

The most recent controversy came after the FDA discouraged UniQure from applying for expedited approval of its experimental treatment for Huntington’s disease.

The agency, which underwent staff cuts and an overhaul under Health and Human Services Secretary Robert F. Kennedy Jr., has faced broader backlash for its drug and vaccine approvals process. Critics have worried the agency could stifle the development of new treatments and risk the safety of patients.

The Wall Street Journal earlier reported Prasad’s departure.

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Oil price at two-year high after Qatar minister warns all Gulf production could stop

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Oil price at two-year high after Qatar minister warns all Gulf production could stop



Energy Minister Saad al-Kaabi says oil could hit $150 a barrel if the Iran conflict continues over the coming weeks.



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Govt increases petrol, diesel prices by Rs55 per litre amid Middle East tensions – SUCH TV

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Govt increases petrol, diesel prices by Rs55 per litre amid Middle East tensions – SUCH TV



The federal government has raised petrol prices by Rs55 per litre as surging global oil prices, fuelled by the US‑Israel war with Iran, put pressure on domestic energy costs.

The announcement was made by Petroleum Minister Ali Pervaiz Malik in a press conference alongside DPM Ishar Dar and Finance Minister Muhammad Aurangzeb.

This marks the first weekly review of fuel prices since regional tensions threatened a major share of global energy flows following the closure of the Strait of Hormuz.

Previously, the federal government adjusted petroleum prices on a fortnightly basis.



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