More than two dozen opposition parties have come together to form an alliance called “INDIA” to fight against Prime Minister Narendra Modi’s ruling Bharatiya Janata Party in the upcoming national elections.
As many as 26 parties, led by the main opposition party Indian National Congress, met in the southern city of Bengaluru for a two-day meeting and, after much deliberation, declared their alliance on Tuesday.
The name is an acronym of Indian National Developmental Inclusive Alliance.
“We have come together and discussed various points. With one voice, people supported the resolution adopted today. Our alliance will be called Indian National Developmental Inclusive Alliance," Congress President Mallikarjun Kharge said.
Seven Chief Ministers – Mamata Banerjee of West Bengal, Arvind Kejriwal of Delhi, Bhagwant Mann of Punjab, Hemant Soren of Jharkhand, Siddaramaiah of Karnataka, MK Stalin of Tamil Nadu, and Nitish Kumar of Bihar – attended the meeting.
Ms Banerjee, whose Trinamool Congress Party won with huge margins, defeating the BJP in West Bengal local elections earlier this month, said that INDIA will win against the BJP in the elections scheduled next year.
"BJP, can you challenge INDIA? We love our motherland, we are the patriotic people of the country, we are for farmers, Dalits, we are for the country, for the world…INDIA will win, our country will win and BJP will lose,” Ms Banerjee said, referring to the lowest stratum of India's controversial caste system, Dalits.
Mr Stalin said the alliance was committed to protecting the nation's pluralistic values from the clutches of divisive politics.
The opposition parties accuse Mr Modi’s government of damaging India’s secular credentials by resorting to religious and divisive politics, crushing dissent and targeting political opponents.
“History has proven that authoritarians hiding behind the mask of nationalism will ultimately fall,” Mr Stalin said in a tweet.
The alliance will constitute an 11-member co-ordination committee to take up the complex issue of allocating seats for the coalition contesting the BJP.
However, Mr Modi slammed the alliance, calling it a grouping of “corruption, self-interest and promotion of dynasty politics”.
“When an alliance is formed due to compulsion of power, when an alliance is with the intention of corruption, when an alliance is based on dynastic politics, when an alliance is formed keeping in mind casteism and regionalism, then that alliance is very harmful to the country," Mr Modi said.
Mr Modi was addressing a gathering of 38 parties that are in coalition with the BJP-led National Democratic Alliance government, in the capital Delhi.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
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There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
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Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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March 5 Yas Marina Circuit Karting Enduro event
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