16th Finance Commission retains 41% tax share for states; pushes output-linked spending and fiscal discipline

Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission has recommended retaining states’ share in the divisible pool of central taxes at 41 per cent, while pitching for outcome-based spending, greater transparency in tax devolution data and stronger fiscal discipline at the state level. The panel said there is…

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What is FAFO parenting and why parents are talking about it

There’s a shift happening in parenting styles, with many embracing the ‘Fool Around and Find Out’ (FAFO) philosophy. By letting kids experience the ramifications of their actions in a safe environment, parents are prioritizing experiential learning over traditional lecturing. This strategy nurtures independence and self-regulation. FAFO parenting stands for “Fool Around and Find Out.” The…

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Budget 2026 NRI property sale: New PAN-based chalan system instead of TAN for TDS from October 1; check details

The Union Budget 2026 has proposed simplifying tax compliance for property transactions involving non-resident sellers by allowing resident buyers to deduct and deposit TDS using their PAN-based challan instead of obtaining a Tax Deduction and Collection Account Number (TAN).At present, resident individuals or Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller are…

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Budget 2026 impact on stock market: Which are the top stocks in focus? Check list

By Thomas V Abraham, Research Analyst, Mirae Asset ShareKhanIndia’s stock markets kicked off the special Sunday session on a flat-to-positive note, with Sensex touching an intraday peak near 82,726 and Nifty nearing 25,357. However, sentiment soured quickly after Budget 2026 announcements, dragging indices into the red amid targeted tax hikes and unmet expectations.Key triggers for…

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