Tag: Budget 2026 announcements

Budget moots comprehensive review of financial sector, PFC, REC to be restructured

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Budget moots comprehensive review of financial sector, PFC, REC to be restructured

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The Indian banking sector is heading for a major change with the Finance Minister Nirmala Sitharaman proposing to set up a ‘High Level Committee on Banking for Viksit Bharat’ to enable this sector lend differently.  She said the committee will comprehensively review the financial…

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Union Budget 2026: Seven new rail corridors announced

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Union Budget 2026: Seven new rail corridors announced

The high-speed rail corridors will reduce travel time between Chennai to Bengaluru to 1.5 hours, Bengaluru to Hyderabad to 2 hours, Hyderabad to Chennai to 2 hours and 55 minutes. | Photo Credit: Getty Images/iStockphoto Finance Minister Nirmala Sitharaman, during her Budget speech, announced seven high-speed rail corridors, which will connect five South Indian states among others,…

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Union Budget 2026: Soaps, detergents, umbrellas likely to turn expensive; customs processes to be simplified

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Union Budget 2026: Soaps, detergents, umbrellas likely to turn expensive; customs processes to be simplified

Duties on umbrella parts, trimmings, and accessories will go up to 20% from 11%, or ₹25 per kg, raising the cost for domestic assemblers using imported inputs. | Photo Credit: Getty Images/iStockphotos   The Union Budget has removed Basic Customs Duty on quite a range of products but also raised the duty on some. It…

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Union Budget 2026: ₹20,000 crore earmarked for carbon capture, storage scheme

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Union Budget 2026: ₹20,000 crore earmarked for carbon capture, storage scheme

A screegrab of Finance Minister Nirmala Sitharaman presenting the ‘Union Budget 2026-27’ in the Lok Sabha, in New Delhi, on February 1, 2026. Photo Credit: Sansad TV via PTI Union Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) earmarked ₹20,000 crore in the Budget towards Carbon Capture Utilisation and Storage (CCUS) – a nascent,…

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