Should Union Budget 2026–27 Focus on Enhancing Ease of Doing Business?
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Synopsis
As the Union Budget 2026–27 approaches, experts urge the government to prioritize ease of doing business and women's empowerment in various sectors. With significant changes in tax structures and compliance challenges, the upcoming budget is crucial for India's economic landscape.
Key Takeaways
- Focus on ease of doing business is crucial for economic growth.
- Women’s empowerment should be prioritized in various sectors.
- Taxpayer relief measures were implemented in the previous budget.
- Compliance challenges on GST portal need addressing.
- Physical communication for tax notices may prevent penalties.
New Delhi, Jan 19 (NationPress) With merely two weeks remaining until the unveiling of the Union Budget 2026–27, experts are urging the government to place a strong emphasis on enhancing the ease of doing business and promoting opportunities for women across various sectors.
In an interview with IANS, tax consultant Manmohan Srivastava Kaju expressed that the government had delivered considerable relief to taxpayers in the preceding budget by raising the income tax exemption limit to Rs 12 lakh.
He remarked, “The launch of GST 2.0, which streamlined tax slabs to two, was another commendable initiative.”
As the new budget approaches, Kaju emphasized that the government must prioritize strategies that simplify and enhance business operations.
He pointed out, “Traders are currently grappling with numerous challenges on the GST portal, which often lead to compliance difficulties.”
He provided an example, stating that many notices are now exclusively sent through the GST portal. Consequently, numerous traders overlook them, occasionally resulting in higher tax obligations or penalties.
“The government should contemplate reinstating physical communication alongside digital notices to mitigate such issues,” he suggested.
The Union Budget 2026–27 is set to be revealed in Parliament on February 1 by Finance Minister Nirmala Sitharaman. This will mark her ninth consecutive budget presentation, a record for her after C.D. Deshmukh, who delivered seven budgets successively.
If she presents the budget for the financial year 2028 as well, she will tie the record of the late Morarji Desai, who presented a total of 10 budgets across two terms between 1959–1964 and 1967–1969.
FM Sitharaman was appointed India’s first full-time female finance minister in 2019 after Prime Minister Narendra Modi returned to power for a second term, and she has continued in this role following the Modi-led government’s third consecutive victory in 2024.
Point of View
It is imperative for the government to prioritize ease of doing business and women's empowerment in the upcoming Union Budget 2026–27. These elements are vital for fostering economic growth and ensuring equitable opportunities across sectors. As we approach the budget presentation, maintaining a focus on these key aspects will be essential for a progressive economic agenda.
NationPress
20/01/2026
Frequently Asked Questions
What are the key focuses for the Union Budget 2026–27?
Experts emphasize the need for enhancing ease of doing business and promoting women's opportunities across various sectors.
When will the Union Budget 2026–27 be presented?
The budget will be presented in Parliament on February 1, 2026.
Who is the Finance Minister presenting the budget?
Finance Minister Nirmala Sitharaman will be presenting the budget.
How many consecutive budgets has Nirmala Sitharaman presented?
This will be her ninth consecutive budget presentation.
What significant relief was provided in the previous budget?
The income tax exemption limit was raised to Rs 12 lakh.
