SBI Research Outlines LTCG Tax Headroom as Air Suvidha Rule Mandated for All Arrivals
The central government has enough fiscal headroom to absorb a potential revenue loss of ₹40,000 crore to ₹50,000 crore for FY28 if the long-term capital gains (LTCG) tax is eliminated, according to projections published by SBI Research. The assessment comes alongside an administrative directive from the Bureau of Immigration, which announced that all passengers entering India by air must mandatorily fill out the Air Suvidha Self-Declaration Form prior to travel. The mandate applies universally to Indian passport holders, Overseas Citizen of India (OCI) cardholders, and foreign nationals.
At the same time, the central government has extended the service tenure of Agniveers by two years. The extension adds two additional years of active service to the tenure of recruits inducted under the Agnipath armed forces scheme, altering the initial term limits set for military personnel.
Mass closure of state schools and university reform push
Data from a NITI Aayog report showed that approximately 94,000 government schools closed down across the country over the past decade. The rate of closures averaged 25 schools per day across ten years, driving a total drop of 2.26 crore students in public school enrolments.
State-level administrative decisions are drawing pushback in higher education as well. In Kerala, the state administration’s mandate to set up a university finance commission sparked widespread concerns over the potential privatisation of public universities, with faculty and policy groups raising objections to the proposed oversight model.
Political disputes over bus fares and drought relief
Fiscal policy clashes intensified across several states over local administration and missing subsidies. In Karnataka, the opposition BJP alleged that a proposed bus fare increase by state transport undertakings could have been completely avoided if the state administration had cleared its own long-standing operational dues to the transport corporations.
In Rajasthan, the opposition Congress criticized the ruling BJP state administration over severe delays in releasing drought relief funds to farmers. Congress leaders stated that the state administration failed to fulfill its explicit pledge to procure bajra at the Minimum Support Price (MSP), leaving agricultural workers without promised financial protections.
Socio-economic policy focus and international developments
In response to lingering socio-economic hurdles across regional populations, central authorities continue to emphasize ten core public welfare schemes targeted at broader sections of Indian society. These government schemes cover key public assistance sectors designed to address structural challenges in rural and urban areas.
In international politics, Israel’s opposition parties selected former army chief Gadi Eisenkot to lead efforts to form the next government. The opposition bloc united behind a “No Netanyahu” coalition framework in an attempt to unseat Prime Minister Benjamin Netanyahu and assemble a parliamentary majority.
The current legal and structural frameworks governing Indian administration carry historical roots dating back to the Government of India Act 1935. Passed by the British Parliament to govern British India, the legislation represented a foundational shift toward provincial governance systems and federal administrative structures across the subcontinent.
Based on reports from
- Congress slams Rajasthan BJP over delayed drought relief, failure to deliver bajra MSP promise — Telegraph India
- "No Netanyahu": Israel Opposition Picks Gadi Eisenkot To Form Next Government — NDTV
- Good news for Agniveers: Government extends tenure by two years — The Times of India
- Bus fare hike avoidable had Karnataka government cleared its own dues: BJP — The Hindu
- Kerala government’s varsity finance commission mandate sparks privatisation fear — The New Indian Express
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