Budget 2026: Insurance Sector Seeks Tax Clarity, Composite Licensing

• Finance Minister Nirmala Sitharaman to present her record ninth consecutive Budget on February 1.
• Insurance sector seeks tax clarity and composite licensing push in the upcoming Budget.
• Global uncertainties, strained US-India trade ties, and rupee depreciation impact the economic backdrop.
• Industry leaders expect GST rationalisation and policy support; professionals anticipate tax relief.
• Investment firms urge tax relief on long-term capital gains and no transaction tax hikes.

Why It Matters: Budget 2026 focuses on tax clarity, licensing, and economic stability amid global challenges.