Business
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.
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.
Malaysia-based Karex produces more than five billion condoms a year and supplies global brands like Durex and Trojan.
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The UK must not “cut ourselves off” from trade opportunities in China despite security and business risks, the head of the Confederation for British Industry has warned.
CBI chief Rain Newton-Smith highlighted that British businesses see increased trade with Chinese firms as an opportunity to drive growth.
Her remarks came as business leaders were questioned by MPs on Parliament’s Business and Trade Select Committee regarding the UK’s economic relationship with China.
Last December, Prime Minister Sir Keir Starmer admitted China poses security threats to the UK but urged for greater business ties.
Ms Newton-Smith, chief executive of one of the UK’s largest business groups, was positive about the Government’s engagement with China.
“You can’t have a growth strategy without a strategy for China,” she said.
“China has the biggest contribution to global growth, is the third largest trading partner, and the world’s largest consumer market.
“The UK is second largest exporter of trade and services.
“We are mindful as all businesses are of security risks but it is really important that we have a strategy towards China.
“This Government has increased the economic engagement with China and including business within this does help us as a country.”
She added: “If we think about the future economy, there is a huge market in China and I think we mustn’t cut ourselves off from some of the opportunities there, even if in some areas there are difficult conversations and negotiations that need to be had.”
Peter Burnett, chief executive of the China-Britain Business Council, told the committee: “There are risks associated with technology advancement, AI, industrial development that they need to assess.
“Increasingly you will find them saying that they need to engage more in China to understand those risks and to develop some of the technologies along some of those risks themselves.”
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