BUDGET ALLOCATION
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savings
Salaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementation is delayed pending final government notifications. The shift towards a fixed-heavy salary structure, with higher basic pay, may reduce take-home salaries while boosting long-term retirement savings.
Centre proposes to continue river basin management scheme with Rs 2,183 crore outlay for 2026- 31
The government plans to continue the River Basin Management scheme from 2026 to 2031. A budget of Rs 2,183 crore is proposed. This initiative focuses on integrated water resource planning and development. It aims to address challenges in water-rich but underdeveloped regions, particularly in the North East and Jammu and Kashmir. The scheme will support irrigation, hydropower, and flood management.
Ahead of Assembly polls, Punjab rolls out pilot of women cash support scheme in select constituencies; eligible women to receive Rs 1,000 monthly under AAP promise
Punjab's Bhagwant Mann government has started a pilot of its Mukhymantri Mawan Dheeyan Satkar Yojana. This scheme offers monthly cash support to women. Registration began on April 15 for nine constituencies. Eligible women will receive ₹1,000 monthly, with SC women getting ₹1,500. Transfers begin in July. The government aims to register 90 lakh women.
Why Motilal Oswal’s BFSI fund is betting big on capital market ecosystem: Prateek Agarwal of Motilal Oswal AMC
Prateek Agarwal of Motilal Oswal AMC highlights a shift in financial sector growth from traditional banking to capital markets like AMCs, brokers, and exchanges. He discusses how recent trade deals with the US and EU boost India's manufacturing and investment appeal, potentially reversing FII outflows and strengthening the rupee.
Cement demand to be healthy in Q1FY27E; Likely to hit profitability despite price hikes: Nuvama
Indian cement demand is set for a strong start in the first quarter of FY27. Government infrastructure spending is driving growth. However, rising fuel and packaging costs are a concern. Cement companies are increasing prices to offset these expenses. The sector's performance will depend on the balance between cement prices and production costs.
Rs 1.2 lakh monthly salary, but on 1st of each month Rs 1.05 lakh already gone. Bengaluru CA explains how the tackle the problem
Earning a substantial salary does not necessarily ensure lasting financial stability. Chartered accountant Meena Goel drew attention to this idea in a thoughtful post, explaining that a high monthly income on its own is not enough to build real wealth.
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Couple earned Rs1.4 lakh a month. Rs 45,000 left after expenses. CA shares how one missed conversation caused daily arguments between them
Many couples face financial tension despite comfortable incomes. Chartered Accountant Paaras Gangwal highlights that silence, not shortage, causes marital money problems. A young couple's differing views on spending versus saving led to conflict. Open communication before marriage can prevent disagreements. Aligning financial values and timelines is crucial for marital harmony. Budgets are important, but conversations are more vital.
War preparedness: Why India must spend smarter, not just more
India's journey towards a modernized defense sector is fraught with obstacles. While military budgets are on the rise, the country's over-dependence on foreign equipment stifles local innovation and fosters economic vulnerabilities. Additionally, outdated strategic frameworks impede progress. To enhance its martial readiness and combat efficiency, India must embrace unconventional strategies and ramp up internal manufacturing initiatives.
Trip down memory lane: Module price rise could moderate in H2
The new projections counter previous estimates about memory prices continuing to peak every quarter for consumer electronics brands. They factor in softening demand for consumer electronics products such as handsets and personal computers (PCs) due to an already sharp increase in end-consumer prices over the past few months, which is expected to free up some supply.
Women's reservation & delimitation bills tabled: India braces for 850-seat Lok Sabha future
Parliament is set to introduce three key bills, including women's reservation from 2029 and delimitation of constituencies. While the opposition supports women's quota, they strongly oppose the delimitation bill, citing concerns over constituency redrawing and potential seat increases. The government aims to pass these bills together, with the opposition questioning the basis and fairness of the proposed changes.
Assets monetisation in focus to bridge potential selloff gap
Amid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation to bridge potential revenue gaps. Stake sales in Life Insurance Corporation of India may also face headwinds, making monetisation a key fiscal lever this year.
Boosting Rs 1.8 cr retirement corpus to Rs 9.1 cr: How your 8% salary hike can easily increase your SIP by 20%
Boosting SIP investments beyond salary hikes can significantly amplify wealth creation. Increasing SIPs by 20% annually, compared to a flat investment or an 8% increase, can generate substantially larger corpuses over two decades. This strategy combats lifestyle inflation and enhances financial security.
India the new 'no-go' zone for FIIs? 7 brutal truths behind $18 billion exodus
Foreign institutional investors have pulled out $18 billion from Indian equities since the Iran war began, dragging the Nifty down over 9% from its peak. Rising oil prices and capital flight have turned India from a preferred market into a cautious bet. Despite corrected valuations, global investors remain unconvinced, with weak dollar returns limiting fresh inflows.
ET Graphics: Hiring slows as money flows to build AI infra
Tech companies are reallocating billions towards data centers and compute power, prioritizing AI infrastructure over personnel. This strategic shift is already leading to job cuts and a slowdown in hiring, with analysts predicting a similar trend across Indian IT services and SaaS firms as AI investments take precedence.
Political spotlight turns to Jadavpur as West Bengal polls near
Ahead of the West Bengal Assembly elections, Jadavpur remains a crucial urban constituency in Kolkata, shaped by its Left legacy, TMC dominance, and emerging BJP challenge. With a politically engaged electorate, strong academic influence, and civic concerns, the seat reflects shifting electoral dynamics in urban Bengal's evolving political landscape.
'TMC govt allocated Rs 6,000 cr for Madrasas, but insufficient funds for entire North Bengal': PM Modi in Siliguri
Prime Minister Narendra Modi criticised the All India Trinamool Congress government, alleging it prioritised Rs 6,000 crore funding for madrasas while neglecting development in North Bengal. Addressing a rally in Siliguri ahead of the West Bengal Assembly elections, he accused the state government of “appeasement politics” and claimed it failed to respond effectively during crises in the region.
Quote of the Day by Nobel winning economist Milton Friedman, “If you put the federal government in charge of the Sahara Desert...” – Does Friedman's critique of government still apply in 2026? What does this powerful quote reveal about government efficiency, economic freedom, and modern life lessons?
Quote of the Day by Nobel winning economist Milton Friedman: Global public spending has crossed $30 trillion in 2026. Efficiency remains a serious concern. The Milton Friedman quote is trending again for this reason. Milton Friedman used the Sahara Desert example to show how poor governance creates scarcity. His warning feels real today. Many economies face supply gaps despite abundant resources. Data shows weak incentives often reduce productivity in public systems. This drives waste and delays. The Milton Friedman quote explained highlights how mismanagement, not shortage, causes crisis.
PM Modi’s big pay boost promise in West Bengal: 7th Pay Commission for state govt staff amid 8th CPC buzz explained
Prime Minister Narendra Modi promised the 7th Pay Commission for West Bengal state government employees if the BJP wins the upcoming assembly elections. This announcement comes amid anticipation for the 8th Central Pay Commission salary hike, highlighting the divergence in pay commission timelines between the Centre and various states, with some states like West Bengal still operating under the 6th Pay Commission.
Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest
Dubai has limited foreign airlines to one daily flight until May 31 due to the Iran crisis, impacting Indian carriers who planned numerous services. The Federation of Indian Airlines is urging India to seek a lift on these curbs or consider reciprocal measures against Dubai's airlines, citing potential substantial revenue losses.
TCS bets on AI hiring, partnerships as currency gains lift margins; eyes 360-degree ecosystem play
Tata Consultancy Services, India's largest IT firm, saw its profits grow slightly. This was helped by favorable currency rates and better operations. The company is also investing more in its employees, new collaborations, and buying other businesses. TCS is focusing on artificial intelligence and digital transformation. They are hiring skilled workers for these areas.
PM Modi owes apology to women of India: Congress
The Congress criticized the Modi government's "U-turn" on the women's reservation law, calling it a tactic to mask governance failures and foreign policy setbacks. The party demanded an apology, stating the law should have been implemented from the 2024 polls, not delayed by census and delimitation. This move, they allege, is a desperate attempt to gain votes.
Centre saves ₹55,000 crore as FY26 spending undershoots estimates
Government spending in the last fiscal year was less than planned. This saving of about ₹55,000 crore will help manage tax collection shortfalls. Unspent funds were noted in ministries for water, sanitation, and housing. Savings also came from better direct benefit transfer management. This fiscal prudence aids the government's financial targets.
Karnataka got record budget allocation for railways, says MoS Jalshakti V Somanna
Sixty-one railway stations across the state are being redeveloped under the Amrit Bharat Station Scheme, he told the media in Bengaluru.
Centre may rejig spending to meet FY27 fiscal deficit target
The Indian government is looking at shifting its spending priorities. This is to manage new expenditure needs arising from supply chain issues caused by the West Asia war. The aim is to meet the fiscal deficit target for 2026-27. Officials are reviewing ministry spending to reallocate funds if necessary.
NFO Alert: Axis Mutual Fund announces launch of Axis Nifty India Defence Index Fund
Axis Mutual Fund has announced the launch of its new fund offering, Axis Nifty India Defence Index Fund, an open-ended Index Fund that invests in the constituents of Nifty India Defence TRI.
Union Cabinet clears draft bill for amendments to Women Reservation Act
The Union Cabinet has approved a draft bill to amend the Women's Reservation Act. This amendment will increase Lok Sabha seats to 816, with 273 reserved for women. The new law is set to be implemented in the 2029 general elections. This move aims to enhance women's representation in Parliament and state assemblies.
Cabinet approves Rs 41,534 cr P&K fertilisers subsidy for kharif 2026 season
In a strategic move to enhance agricultural output, the government has rolled out a substantial subsidy of Rs 41,534 crore aimed at supporting Phosphatic and Potassic fertilizers. Set for the 2025-26 kharif season, this investment represents a promising 12 percent increase from last year.
Think your NPS saving is enough for retirement? Watch out for this common mistake that could derail your financial plans
Many investors overlook their National Pension System, assuming retirement plans are on track. However, a 'set and forget' approach can lead to misaligned asset allocation and insufficient corpus. Regular reviews are crucial to ensure contributions and investments align with long-term goals. Adjusting risk and rebalancing portfolios helps secure retirement wealth.
India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say
India is maintaining its focus on crucial infrastructure projects like roads and railways. Despite global oil price surges due to the Middle East crisis, the government believes its fiscal deficit target remains achievable for now. Officials are exploring spending curbs in some areas but are committed to capital expenditure for growth and jobs.
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