With Budget 2026 approaching, the insurance industry hopes for a hike in tax deductions, extension of tax benefits to the new tax regime for both health and life policies, and a resolution of the input tax credit (ITC) on GST.
India is preparing a fresh round of customs duty reforms in the FY27 Union Budget to speed up cargo movement at ports and further rationalise the tariff structure, people familiar with the matter told Mint. The measures are expected to make cross-border trade simpler, faster and more cost-effective.