India's Economic Survey reveals significant tax relief for households has been provided, with the fiscal deficit falling below target. Experts offer differing views on future tax cuts, with some suggesting a shift towards stability and incremental rationalization rather than sweeping rate reductions. The survey emphasizes delayed gratification for long-term national gain.

Medical inflation in India is soaring, making health insurance unaffordable and leading to higher out-of-pocket expenses. Taxpayers hope Budget 2026 will bring regulation to hospital pricing and insurance premiums. Experts call for government intervention to control rising healthcare costs and ensure better patient protection.

It has been more than a decade since the introduction of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act in 2015, and its practical impact is now well established. Be it disclosures under the one-time disclosure scheme, which was introduced with the law, or the flurry of notices and summons that followed and assessment orders, appeals as well as writs constitutionally challenging various provisions of this law in courts.