The government wants PSBs to be more competitive by Vision 2047, Separately, the government may consider raising the FDI limit in PSBs from the current 20%. According to reports, the Bill is still being finalised and may take another three to four months before it is ready for introduction in Parliament. However, its formal announcement in the Budget would signal the government’s intent to push through one of the most significant structural reforms in the banking sector in years.

Budget 2026 to be presented on Feb. 1

The Budget Session of Parliament starts on Jan. 28 and continues till April 2. Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on an unorthodox day of the week, being Sunday, Feb. 1, 2026. The Union Budget is set to be presented on a Sunday for the first time in decades. The Economic Survey was tabled yesterday on Jan. 29, 2026.