Sunday, August 09
Each year, the Union Budget draws the nation’s attention as it defines the country’s economic direction for the new financial year. As Finance Minister wields the fiscal scalpel, focussed on tax rates, rebalancing expenditure, and setting priorities, every Indian household, business and policymaker watches keenly to understand what they will gain or lose.Past budgets have marked significant personal income tax relief, which included raising the exemption limit to incentivise consumption. Capital expenditure has consistently risen, marking the importance of infrastructure and connectivity as engines of growth.Looking at Budget 2026, to be presented on February 1, expectations would be that it would be yet another opportunity to deepen reforms by pushing manufacturing competitiveness, im
New Delhi: Artificial Intelligence (AI) is set to profoundly reshape global labour markets by the end of the decade, with outcomes ranging from productivity booms to widespread job displacement, according to a new World Economic Forum (WEF) white paper released this month.In Four Futures for Jobs in the New Economy: AI and Talent in 2030, the Forum outlined four plausible scenarios for how AI advancement and workforce readiness could interact to transform jobs, value chains and economic growth. The report drew insights from the Forum's Chief Strategy Officers Community and global foresight experts.Also Read: On-device AI is the way ahead- How India & Global South can bypass cost and connectivity hurdlesSurvey data cited in the paper highlighted deep uncertainty among business leaders.
