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 …