Finance

GCCI Submits Pre-Budget Memorandum for Union Budget 2026-27


Written by Tanisha Cardozo || Team Allycaral

The Goa Chamber of Commerce & Industry has submitted its comprehensive Pre-Budget Memorandum for the Union Budget 2026–27, putting forward a wide range of recommendations to strengthen India’s tax and regulatory landscape. The Chamber emphasises that a simpler, more predictable and business-friendly system is essential for improving ease of doing business and sustaining long-term economic growth. The memorandum highlights the increasing complexity of TDS and TCS provisions, noting that over fifty withholding categories with varying thresholds and rates have created a heavy compliance burden for businesses and individuals. GCCI suggests consolidation of these provisions into fewer, standardised categories, coupled with a PAN-based reporting model, higher thresholds and lower deduction rates. It also proposes the introduction of a digital Tax Wallet to make payments and adjustments easier, much like the existing GST cash ledger.

The Chamber also stresses the need to incentivise compliant taxpayers. By prioritising faster processing of returns and refunds for those with strong compliance histories, and by reducing automated notices for such taxpayers, the government can reinforce a culture of voluntary compliance. GCCI also calls for renewed support for innovation, including reinstating the 200% weighted deduction for in-house R&D, especially vital for pharmaceutical, biotech and deep-tech industries where risk and gestation periods are high. To further boost investment and employment, particularly in Goa, GCCI urges the continuation of the 15% concessional corporate tax rate for new manufacturing units, extending eligibility until 2030.

Recognising the need for simpler tax return processes, GCCI recommends a fully integrated filing portal, dynamic ITR forms that activate relevant sections based on taxpayer inputs, extensive pre-filling using AIS/TIS data, and reduced duplication of information already submitted to agencies like GST or MCA. It also suggests creating dedicated annexures for special cases, including returns involving Goan residents governed by Section 10 (formerly Section 5A) under the Portuguese Civil Code, foreign asset disclosures, and corporate restructurings. The Chamber proposes that individual taxpayers should only fall under the 30% tax bracket beyond an annual income of ₹25 lakh and advocates for rationalising cesses and surcharges to create a clean, transparent rate structure. It also recommends extending Section 80TTA to include all types of deposit interest and raising the limit to ₹25,000, as well as allowing deductions for donations even under the new tax regime.

MSME reforms form a significant part of the memorandum, including the introduction of a Company Law and LLP Settlement Scheme for 2025, flexibility in presumptive taxation, presumptive options for LLPs, tax neutrality for LLP reorganisations and more practical deadlines for filing returns. GCCI stresses that the current ITR due dates for non-audit cases create challenges due to late population of TDS and SFT data, and therefore recommends fixing 31 August as the final deadline. It also calls for allowing carry-forward of losses even in belated or updated returns, reducing additional tax on updated returns and extending the filing window to all permissible reassessment years.

Addressing litigative issues, GCCI highlights problems such as delays in refund issuance for AY 2025–26, lack of clarity around CSR deductions and inconsistent treatment of employees’ PF/ESIC contributions. It appeals for statutory timelines for CIT(A) decisions, clearer internal SOPs for refund scrutiny, parity in interest computation on refunds and payments, and amendments to ensure interest on delayed TDS deposits is calculated only for the actual period of delay. For co-operative societies, GCCI urges CBDT to issue a circular clarifying that interest earned on deposits with co-operative banks qualifies for deduction under Section 80P(2)(d), helping resolve long-standing disputes and preventing unnecessary litigation.

Through these recommendations, GCCI aims to strengthen investor confidence, reduce administrative friction, support innovation, and boost economic activity across sectors, especially MSMEs, manufacturing and high-value industries. The memorandum reflects the Chamber’s vision for a more transparent, efficient and growth-oriented policy environment as India prepares for the Union Budget 2026–27.

Travel

Proactive Measures by Airports Authority of India to Ensure Seamless Operations Amid Indigo Airlines Disruption


Written by Tanisha Cardozo || Team Allycaral Travel Desk

In response to the operational crisis faced by Indigo Airlines, the Airports Authority of India, in coordination with all stakeholders, implemented a series of proactive measures to ensure smooth and uninterrupted airport operations. Extensive manpower was deployed across all passenger touchpoints including check-in, pre-security hold areas, boarding gates, and city-side zones to prevent congestion and ensure seamless queue management. Airport Operators provided additional check-in counters, while both airlines and airport teams strengthened staff presence to guide and support passengers.

To ensure a smooth flow of city-side operations, AAI coordinated closely with CISF, Goa Police, and the Traffic Police for crowd management around the Indigo ticketing counter. Extra ticketing counters were allotted for passenger convenience, and traffic authorities ensured lane discipline. CISF Quick Response Teams and Goa Police maintained surveillance to avoid any untoward incidents, while digibuddies assisted passengers at entry gates and additional CISF personnel facilitated faster terminal access. Seating availability, trolley retrieval, kids’ zone facilities, and swing operations were maintained for passenger comfort.

Monitoring of the terminal was strengthened through senior-level committees conducting frequent checks to ensure service delivery and a high standard of cleanliness. All washrooms, including city-side facilities, were fully manned with adequate consumables, and housekeeping teams maintained continuous cleaning cycles. First-aid facilities, wheelchairs, baby-care amenities including kettles, water, napkins, and diapers were ensured without interruption. The “May I Help You” counters were reinforced, with staff deployed at key passenger interaction points such as check-in and the security hold area. The Flybrary at the SHA was updated with reading materials, and concessions ensured the availability of refreshments, milk, and diabetic dietary options. Priority assistance was extended to wheelchair users, PRMs, seniors, pregnant women, and mothers with infants.

Information dissemination was strengthened through real-time updates in coordination with airlines. Flight Information Display Systems operated smoothly, and social-media platforms of Goa International Airport communicated timely updates regarding delays or cancellations. Airlines issued SMS and online notifications to passengers, and refreshment provisions were ensured for affected travelers.

Operational manpower remained robust, with check-in and ticketing counters fully staffed. Stakeholder representatives worked together from the 24×7 Control Room and AOCC. City-side deployments of security, traffic police, and housekeeping teams ensured uninterrupted operations. Baggage delivery was prompt with no congestion in the baggage claim areas, and any residual baggage was cleared the same day. Help desks manned by Indigo and the airport operator remained active at the city-side, departure hall, and arrivals zone.

A dedicated control room operated round-the-clock with representatives from Airlines, CISF, State Police, and AAI to handle coordination and grievances. Messages regarding delays and cancellations were disseminated promptly through digital displays, social media, and airline communication systems.

As per the directives of MoCA, a senior Director from the Ministry visited Goa Airport on 9.12.2025 to assess the facilities and action taken by AAI and stakeholders. He appreciated the proactive efforts of the Airport Operator, all airlines including Indigo, CISF, Police authorities, and supporting teams for ensuring smooth handling of the situation and briefed the media on the current status.

Airport operations have since normalized, with only an average of seven planned cancellations per day. Since these cancellations are pre-advised, passengers do not arrive at the airport, preventing congestion. Passengers who visit for ticket changes or cancellations are assisted 24×7 by the airline ticketing counter and the Duty Terminal Manager of AAI. All measures continue to be implemented to ensure a safe, seamless, and passenger-friendly airport environment.

Business

Apple Launches Its First Noida Store at DLF Mall of India, Leasing 8,240 sq ft for ₹65 Crore


Written by Tanisha Cardozo || Team Allycaral Business Desk

Apple is set to open its first retail store in Noida at DLF Mall of India, marking the company’s fifth store in India and its second in the Delhi-NCR region, following the Saket outlet. The new store spans 8,240.78 sq ft across six units on the mall’s ground floor and has been leased for an 11-year tenure at a total rent of approximately ₹65 crore. The lease agreement, signed with Paliwal Real Estate Limited on February 25, 2025, includes one year of rent-free occupancy and a 15% rent escalation every three years.

The monthly rent for the Noida store comes to around ₹45.3 lakh, translating to an annual outgo of roughly ₹5.4 crore, comparable to Apple’s Saket store. Experts note that the lease reflects Apple’s strong brand pull and the footfall it attracts. While smaller stores in DLF Mall of India command rents between ₹500–700 per sq ft, larger stores such as Apple’s enjoy comparatively lower rates due to negotiation leverage and size.

Noida offers a strategic location for Apple, with a catchment area covering Ghaziabad, Greater Noida, South Delhi, Agra, Mathura, and emerging demand hubs, underlining the city’s growing market potential. DLF Mall of India, the largest mall in Noida at nearly one million sq ft, provides a high-visibility, premium retail environment and is expected to see further development with IKEA’s planned opening in Sector 52 by 2030.

Apple’s retail expansion in India has been methodical, with stores in Mumbai’s Bandra Kurla Complex, Pune’s Koregaon Park, Bengaluru’s Phoenix Mall of Asia in Hebbal, and Delhi’s Saket. Most stores are around 8,000–9,000 sq ft, ensuring brand consistency across locations, with the exception of Mumbai BKC, which spans 20,000 sq ft.

Recent openings, such as in Bengaluru and Pune, have featured Apple’s peacock-inspired launch campaigns, symbolizing pride and creativity. The Noida store follows the same creative approach, enhancing Apple’s brand narrative and retail experience.

Rental trends in Noida show a significant rise, particularly in Grade A-plus malls, with rents climbing from ₹225 per sq ft in 2017 to ₹330 per sq ft in 2025, reflecting a 47% growth. Apple’s lease agreement in Noida exemplifies the premium retailers’ interest in the city’s expanding consumer market and its importance within the Delhi-NCR region.

Events in Goa

Tarang Christmas Fair 2025 – Goa’s Biggest Festive Celebration


Written by Tanisha Cardozo || Team Allycaral

The festive spirit comes alive at the Tarang Christmas Fair 2025, set to be Goa’s biggest Christmas celebration, bringing together families, creators, children, and festive enthusiasts for two days of joy, color, and community bonding. Taking place on the 9th and 10th of December from 11 a.m. to 9 p.m. at Dr. F.L. Gomes Garden, opposite Children’s Park in Campal, Panaji, the fair promises a vibrant atmosphere filled with music, creativity, workshops, games, gifts, food, and memorable experiences for all ages. With free entry for everyone, the event is designed to be accessible and welcoming to the entire community.

Day One begins on Tuesday, 9th December with entertainment and creativity. A live show begins at 6 p.m., filling the evening with music and festive performances. Earlier in the afternoon, attendees aged 10 and above, including adults, can participate in an Artificial Flower Making Workshop from 4:00 p.m. to 5:30 p.m., offering a hands-on activity that encourages artistic expression during the holiday season. Participants can register in advance to secure a spot in the workshop.

Day Two, on Wednesday, 10th December, is dedicated to children and families, featuring a lively Kids Party starting at 4 p.m. The celebration includes return gifts, snacks, fun games, and a craft activity that keeps the little ones happily engaged. The event promises a cheerful and safe environment where children can celebrate the festive season, make new friends, and enjoy the excitement of Christmas-themed activities.

Across both days, the fair showcases the charm of community-driven celebration, encouraging visitors to shop, celebrate, and be merry. The venue transforms into a festive hub with stalls, decorations, and the warm spirit of Christmas, making it the perfect place to connect, unwind, and share joyful moments. Whether you’re looking to participate in engaging activities, enjoy performances, shop for seasonal goodies, or simply soak in the holiday vibe, the Tarang Christmas Fair 2025 brings a magical experience for everyone in Goa.

Travel

IndiGo Cancels 200 Flights Amid Pilot Shortages, Crew No-Shows, and Escalating Operational Chaos


Written by Tanisha Cardozo || Team Allycaral Travel Desk

IndiGo faced one of its worst operational breakdowns in recent times on December 3, 2025, as skewed crew planning and shortages in pilot availability resulted in the cancellation of at least 200 flights and triggered massive delays across the country. Some aircraft were grounded for up to 12 hours, made worse by unexpected cabin crew no-shows in Mumbai, pushing the airline into crisis mode and forcing it to issue a public apology.

The situation had been building for weeks, but Wednesday marked a tipping point. At Delhi airport, frustrated passengers of a delayed Rajkot flight began chanting slogans after waiting six hours beyond their scheduled 5:40 a.m. departure, eventually taking off only at 11:30 a.m. Similar scenes unfolded in Mumbai, where passengers on a flight to Patna waited for hours as its departure time slipped from 11:15 a.m. to an estimated 8 p.m. Bengaluru’s Kempegowda International Airport witnessed 62 cancellations for a second consecutive day, while Hyderabad saw 31 cancellations and Delhi 37.

The heart of the crisis lies in a severe pilot shortage fueled by the complete rollout of stricter duty-rest norms on November 1. These regulations, created to address rising concerns about crew fatigue, had been deferred by the government for a year to allow airlines sufficient time for planning. Their full enforcement came only after pilot associations won a case in the Delhi High Court earlier this year. IndiGo’s pilots have argued that the airline failed to prepare, with rostering teams pleading with crew members to withdraw sick leave and even offering 1.5x salary for forgoing privilege leave in recent weeks—efforts that have largely fallen flat.

Government data revealed the depth of the disruption: IndiGo recorded only 35% on-time performance on December 2 and under 50% on December 1. In its statement, the airline attributed the chaos to a combination of “unforeseen operational challenges,” including technical glitches, winter-season schedule changes, congestion, adverse weather, and the updated crew-rostering rules. These factors, it said, created a compounding impact the airline had not anticipated.

To stabilise operations, IndiGo announced that it would adjust schedules over the next 48 hours, signaling that further cancellations were likely. Meanwhile, the pilot body ALPA India cautioned against any attempts to dilute the fatigue-management norms, arguing that IndiGo’s failure lay not in the rules themselves but in insufficient resource planning. The organisation reiterated that any relaxation in duty limits would compromise both passenger and crew safety at a time when pilots are already stretched to the upper limit of 13-hour duty periods, with long-standing grievances such as stagnant salaries despite significant airline profits further aggravating the workforce.

The unfolding crisis reflects deeper tensions within India’s fast-growing aviation sector, where aggressive expansion often collides with the need to ensure adequate rest, safety, and working conditions for crew members. IndiGo now faces the challenge of restoring normalcy while grappling with the structural issues that pushed its operations into turmoil.