Latest News: Union Budget 2026–27 Highlights: New Income Tax Act, 2025 to be effective from April 2026; simplified tax rules and forms will be notified soon * Safe harbor limit for IT services raised from ₹300 crore to ₹2000 crore * Foreign cloud service providers granted a tax holiday until 2047 * All non-residents paying tax on an estimated basis exempted from Minimum Alternate Tax * Securities Transaction Tax on futures trading increased from 0.02% to 0.05% * Customs duty exemption extended for capital goods used in lithium-ion battery cell manufacturing * Customs duty exemption granted for capital goods required in processing critical minerals * Tariff rate on goods imported for personal use reduced from 20% to 10% * Basic customs duty exemption extended to 17 medicines and drugs * BioPharma Shakti program with an outlay of ₹10,000 crore to build an ecosystem for domestic production of biologics and biosimilars * Proposal for a ₹10,000 crore SME Development Fund to support MSMEs * Public capital expenditure increased from ₹11.2 lakh crore to ₹12.2 lakh crore in FY 2026–27 * Seven high-speed rail corridors to be developed as Growth Transport Links for sustainable passenger systems * Indian Institute of Design Technology, Mumbai to set up AVGC content creation labs in 15,000 high schools and 500 colleges * A girls’ hostel to be built in every district to address challenges faced by female students in higher education and STEM institutions * In partnership with IIMs, a 12-week hybrid training program will upgrade skills of 10,000 guides across 20 tourist destinations * ICAR packages on agricultural portals and practices to be integrated with AI systems as a multilingual AI tool * Tax on foreign travel packages reduced from current five per cent and 20% to two per cent * Customs bonded warehouse framework revamped into an operator-centric system with self-declaration, electronic monitoring, and risk-based accounting * Indian share markets will be open for trading on Sunday, February 01, as the Union Budget is being presented on that day * Key Highlights of Economic Survey 2025–26: GDP & GVA Growth Estimates for FY 2026: First advance estimates at 7.4% and 7.3% respectively * India’s Core Growth Projection: Around 7%, with real GDP growth for FY 2027 expected between 6.8% and 7.2% * Central Government Revenue: Rose to 11.6% of GDP in FY 2025 * Non-Performing Assets: Declined to a multi-decade low of 2.2% * PMJDY Accounts: Over 552 million bank accounts opened by March 2025; 366 million in rural and semi-urban areas * Investor Base: Surpassed 120 million by September 2025, with women comprising ~25% * Global Trade Share: India’s export share doubled from 1% in 2005 to 1.8% in 2024 * Services Export: Reached an all-time high of $387.6 billion in FY 2025, up 13.6% * Global Deposits: India became the largest recipient in FY 2025 with $135.4 billion * Foreign Exchange Reserves: Hit $701.4 billion on January 16, 2026—covering 11 months of imports and 94% of external debt * Inflation: Averaged 1.7% from April to December 2025 * Foodgrain Production: Reached 357.73 million metric tons in 2024–25, up 25.43 MMT from the previous year * PM-Kisan Scheme: Over ₹4.09 lakh crore disbursed to eligible farmers since inception * Rural Employment Alignment: “Viksit Bharat – Jee Ram Ji” initiative launched to replace MGNREGA in the vision for a developed India by 2047 * Manufacturing Growth: 7.72% in Q1 and 9.13% in Q2 of FY 2026 * PLI Scheme Impact: ₹2 lakh crore in actual investment across 14 sectors; production and sales exceeded ₹18.7 lakh crore; over 1.26 million jobs created by September 2025 * Semiconductor Mission: Domestic capacity boosted with ₹1.6 lakh crore invested across 10 projects * Railway High-Speed Corridor: Expanded from 550 km in FY 2014 to 5,364 km; 3,500 km added in FY 2026 * Civil Aviation: India became the third-largest domestic air travel market; airports increased from 74 in 2014 to 164 in 2025 * DISCOMs Turnaround: Recorded first-ever positive PAT of ₹20,701 crore in FY 2025 * Renewable Energy: India ranked third globally in total renewable and installed solar capacity * Satellite Docking: India became the fourth country to achieve autonomous satellite docking capability * School Enrollment Ratios: Primary – 90.9%, Upper Primary – 90.3%, Secondary – 78.7% * Higher Education Expansion: India now has 23 IITs, 21 IIMs, and 20 AIIMS; international IIT campuses established in Zanzibar and Abu Dhabi * Maternal & Infant Mortality: Declined since 1990, now below global average

Can leadership renewal spark a rebirth for Congress Party…?


Can the Congress party, once the cornerstone of India’s democratic system, rise from its ashes? Suppose seasoned leaders like Mamata Banerjee, Sharad Pawar, and other scattered constituents rejoin the fold, and the party embraces a bold leftist-socialist ideology. Could it challenge the current political order?

The Congress, long dominated by the Gandhi family, is grappling with an existential crisis. Successive electoral defeats have exposed its internal dysfunction, reliance on family-centric leadership, and lack of innovative ideas. Once a symbol of hope and progress, the party struggles to find relevance in a rapidly evolving political landscape.

Read in Hindi: नेतृत्व में बदलाव ही कर सकता है कांग्रेस का पुनर्जन्म

The leadership of Rahul Gandhi has failed to inspire confidence. Critics argue that neither Rahul nor Priyanka Gandhi has administrative experience, not at the grassroots level. "They don’t even have experience of running a gram panchayat," quip their opponents. This lack of practical governance experience has left Congress ill-equipped to navigate the complexities of modern politics.

Family rule within Congress has created a stranglehold, discouraging young talent and fostering an echo chamber of outdated ideas. The leadership’s focus on promoting caste and communal leaders, rather than nurturing a new generation of holistic leaders, has further alienated voters. The party’s attempts to appease minority communities often come at the cost of alienating significant sections of the Hindu majority, complicating its political calculus.

In stark contrast, the Bharatiya Janata Party has built a formidable organisational structure backed by a clear ideological stance. Charismatic leaders within the BJP have successfully mobilised support, exposing the Congress’ leadership deficit. The BJP’s ability to articulate a strong narrative has further marginalised the Congress, which lacks a coherent policy framework on key economic and international issues.

"Voters today are not passive spectators; they demand clarity, direction, and vision for the future," observes political analyst Prof Paras Nath Chaudhary. "The Congress must tackle its identity crisis by re-evaluating its policies, engaging meaningfully with voters, and re-establishing its relevance in contemporary politics."

To rejuvenate itself, the Congress must initiate sweeping reforms that go beyond superficial changes. Socialist thinker Ram Kishore suggests a two-pronged approach. The party must open its leadership structure to grassroots participation, empowering new leaders and fostering fresh ideas. A 'bottom-up' approach can invigorate the party with innovative strategies.

The Congress must address contemporary concerns such as economic inequality, healthcare, education, and international relations. A well-articulated vision that highlights its commitment to inclusiveness and development could win back disaffected voters.

Rebranding the Congress at an ideological level is essential. This includes redefining its relationship with various social groups. Leaders from Bihar suggest that by taking a middle path, the Congress can appeal to both minority communities and the Hindu majority, addressing their concerns without alienating either side.

The party must also invest in developing charismatic leaders who can connect with the masses. Training and empowering promising grassroots leaders could create a new generation of politicians capable of effectively articulating the Congress’ vision and plans.

The Congress’ revival is not an impossible dream, but it requires bold leadership, innovative ideas, and a willingness to adapt to the changing political landscape. By embracing reform and re-establishing its ideological clarity, the Congress can once again become a formidable force in Indian politics. The question remains: will the party seize this opportunity, or will it continue to drift into irrelevance?