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The Union Finance Minister Nirmala Sitharaman's proposal of "turtle trails" along key coastal nesting sites in Kerala, Odisha, and Karnataka in the 2026-27 budget has unexpectedly sparked a widespread meme fest across Kerala.
Kerala Chief Minister Pinarayi Vijayan has written to Union Finance Minister Nirmala Sitharaman requesting a judicial inquiry into the January 30 death by suicide of C J Roy, head of the Confident Group, during an Income Tax department search.
The changes aim to make compliance easier, improve cash flows, and reduce procedural hurdles.
In a statement issued, Vijayan said Finance Minister Nirmala Sitharaman had chosen to ignore the fact that Kerala is an integral part of the country.
Overseas travel and education costs are reduced through lower tax collected at source (TCS) on tour packages and Liberalised Remittance Scheme (LRS) expenses
Kerala and most other states wanted the divisible tax pool (income tax and excise duties) to be shared 50-50 between the Union and states.
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While 5 per cent TCS was previously collected for tours costing up to ₹7 lakh and 20 per cent for those over ₹7 lakh, from now on, both will be charged at 2 per cent.
With 7 per cent GDP growth and around 3.5 per cent inflation, nominal GDP growth of around 10 per cent for FY27 is achievable, and this would be a significant improvement over the 8.1 per cent nominal GDP growth in FY26.
The Orange Economy in India, encompassing creative sectors like gaming, animation, and VFX, received significant attention in the Union Budget, highlighting its substantial economic and employment potential.
The Union Budget 2026-27 has introduced a significant tax holiday until 2047 for foreign companies utilizing Indian data centers to provide global cloud services, aiming to transform India into a major hub for Artificial Intelligence and digital infrastructure by incentivizing data center investment and positioning the country as an export base for cloud computing. This initiative aligns with India's ambition to lead global AI discussions, underscored by its upcoming hosting of the India AI Impact Summit, and follows substantial investments pledged by tech giants like Microsoft and Google in AI infrastructure and data centers. The policy is viewed by industry leaders as a crucial step in strengthening India's technological ecosystem, enabling it to become a global center for designing and running mission-critical systems, and reinforcing data sovereignty and a resilient digital economy.
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