Browsing: India

India’s top mobile manufacturers, including Apple and Foxconn, are urging tariff corrections in Union Budget 2026–27 to fix an inverted duty structure, cut customs on components, and protect India’s $75 billion phone production and $30 billion export ambitions amid China’s curbs on advanced manufacturing machinery.

India’s Finance Ministry is weighing an ICAI proposal for optional joint tax filing for married couples ahead of Union Budget 2026, with higher exemptions, wider slabs and global models like the US and Germany informing the debate, even as experts flag compliance, system redesign and equity challenges.