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India’s CII urges 2026-27 budget reforms: debt control, tax tech, privatization, and subsidy shifts.
The Confederation of Indian Industry (CII) has urged India’s government to adopt a four-point fiscal strategy for the 2026-27 Union Budget, focusing on debt sustainability, fiscal transparency, revenue mobilization, and expenditure efficiency.
It recommends maintaining central debt at 54.5% of GDP and the fiscal deficit at 4.2% of GDP, reviving a medium-term fiscal framework, and establishing a Fiscal Performance Index to promote responsible fiscal management.
CII advocates using digital tools and AI to improve tax compliance and expand the tax base, proposing a three-year privatization plan for non-strategic public enterprises and reforms to subsidies, including shifting the Public Distribution System to cash transfers for the poorest 15% and transitioning fertilizer subsidies to a pre-sowing Direct Benefit Transfer model.
El CII de la India insta a reformas presupuestarias para 2026-27: control de la deuda, tecnología tributaria, privatización y cambios en los subsidios.