Summary of Union Budget 2026–27
BUDGET EMPHASIZES ON GOVERNMENT’S ‘SANKALP’ TO FOCUS ON POOR, UNDERPRIVILEGED AND THE DISADVANTAGED FIRST BUDGET PREPARED IN KARTAVYA BHAWAN INSPIRED B......
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Budget 2026–27 Raises Defence Allocation by 15% to ₹7.8 Lakh Crore
Delhi, Feb 1: Finance Minister Nirmala Sitharaman announced a 15% increase in the defence budget for 2026-27, allocating Rs 7.8 lakh crore, up from Rs......
Budget 2026–27 Unveils ₹10,000 Crore Growth Fund to Boost SMEs
Delhi, Feb 1: Finance Minister Nirmala Sitharaman announced a Rs 10,000 crore SME Growth Fund in Budget 2026-27 to support small and medium enterprises......
Northeast Industry Body Hails MSME, Infra Push in Union Budget
Feb 1: The Federation of Industry and Commerce of the North Eastern Region (FINER) expressed satisfaction with the Union Budget 2026-27, describing it......
Budget 2026–27 Simplifies Customs, Cuts Duties and Advances Tax Reforms
Delhi, Feb 1: The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman, introduces transformative reforms in India's tax and trade se......
Govt Plans New Customs Integrated Platform Rollout in Two Years
Delhi, Feb 1: The Indian government plans to launch a Customs Integrated System (CIS) within two years to streamline all customs operations, as announc......
India Moves to Secure Critical Minerals With Rare Earth Corridors
Delhi, Feb 1: India is initiating the establishment of specialized rare earth corridors in states including Odisha, Kerala, Andhra Pradesh, and Tamil N......
STT Hike Aims to Rein in F&O Speculation, Manage Systemic Risks: Govt
Delhi, Feb 1 The government explained on Sunday that the purpose of raising the Securities Transaction Tax (STT) on futures and options is to address...
Budget 2026: Telescope Facilities, Astrophysics Get Major Boost
Delhi, Feb 1 (IANS): Union Finance Minister Nirmala Sitharaman announced in the Union Budget 2026 plans to promote astrophysics and astronomy by establ......
‘Powerful Step Towards Developed India,’ Says CM Fadnavis on Union Budget
Feb 1 (IANS): A powerful step towards a developed India was how Maharashtra Chief Minister Devendra Fadnavis described the Union Budget presented by Fi......
No Change in Income Tax Slabs in Union Budget 2026
Delhi, Feb 1 (IANS): No changes were made to income tax slabs in the Union Budget 2026. Finance Minister Nirmala Sitharaman maintained the existing tax......
Budget 2026 Brings Relief on Cancer, Rare Disease Drugs; NIMHANS-2 to Be Built
Delhi, Feb 1 (IANS): The Government has proposed several key initiatives in the Union Budget 2026, including waiving customs duty on 17 cancer drugs an......
Budget 2026–27 Lowers Fiscal Deficit Target to 4.3%
Delhi, Feb 1 (IANS): Finance Minister Nirmala Sitharaman announced a reduction in the fiscal deficit target to 4.3% of GDP for 2026-27 in the Budget...
Union Budget 2026–27 Unveils Major Infrastructure Push: FM Sitharaman
Delhi, Feb 1 (IANS): Finance Minister Nirmala Sitharaman's Union Budget 2026-27 emphasizes a significant infrastructure development push, with a propos......
Budget 2026–27 Allocates ₹10,000 Crore for Bio Pharma Shakti to Strengthen Healthcare
Delhi, Feb 1 (IANS): Finance Minister Nirmala Sitharaman announced a Rs 10,000 crore allocation for the Bio Pharma Shakti scheme in the Budget 2026-27,......
Centre Plans Banking Reforms Panel to Support Viksit Bharat, Strengthen NBFC Sector
February 1, Finance Minister Nirmala Sitharaman announced the establishment of a high-level committee on banking aimed at facilitating India's economic......
Centre Plans Seven High-Speed Rail Corridors Connecting Key Growth Cities
Delhi, Feb 1 (IANS): The Central government of India has proposed the development of seven high-speed rail corridors aimed at enhancing connectivity be......
Union Budget 2026–27 Raises Government Capex to ₹12.2 Lakh Crore to Boost Infrastructure
Delhi, Feb 01: Finance Minister Nirmala Sitharaman announced a capital expenditure of Rs 12.2 lakh crore for the 2026-27 Budget, aiming to boost infras......
FM Announces ₹20,000 Crore Push for Carbon Capture to Power India’s Green Transition
Delhi, Feb 1 (IANS): In its Union Budget 2026-27, India has allocated Rs 20,000 crore over five years to accelerate Carbon Capture, Utilisation and Sto......
New Income Tax Act 2025 Brings Key Reliefs, Effective April 1
Delhi, Feb 01: Finance Minister Nirmala Sitharaman announced that the Income Tax Act 2025 will be effective from April 1, 2026, with redesigned I-T for......