Tag: budget 2026

Budget 2026 moots several proposals to rejuvenate indigenous shipping

February 2, 2026 admin

Image for representational purposes only. | Photo Credit: PTI Union Budget 2026 has several proposals to boost coastal shipping and kickstart inland shipping that has largely been a non-starter especially in cargo carrying. It also promises ₹10,000 crore to support the making of containers in India. After COVID period during which the government realised the…

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Budget 2026: Mamata Banerjee says ‘nothing for the common man, Bengal’

February 2, 2026 admin

Communist Party of India (Marxist) general secretary M.A. Baby said the Budget “exposes the blind commitment” of the Modi-led government to a handful of corporate houses. File | Photo Credit: The Hindu Opposition parties on Sunday (February 1, 2026) described the Union Budget 2026 as “anti-poor” and “detached” from the country’s economic realities. Left leaders said…

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Union Budget 2026: Seven new rail corridors announced

February 1, 2026 admin

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

February 1, 2026 admin

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

February 1, 2026 admin

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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Budget 2026: Labour-intensive textile sector sees almost 25% jump in funds allocation

February 1, 2026 admin

Image used for representational purposes. File | Photo Credit: The Hindu The labour-intensive textile and apparel sector and the Micro, Small and Medium-scale Enterprises (MSMEs) that were impacted by the geo political developments during the last couple of years got a boost from the Union Budget presented on Sunday (February 1, 2026) with new schemes…

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Sitharaman Explains Budget Priorities To Students

February 1, 2026 admin

Finance Minister Nirmala Sitharaman, in an interaction with students following the presentation of Union Budget 2026-27, highlighted the steps taken by the government for the preparation of the financial document. She pointed out that national defence is one area that cannot be compromised by the government. The entire process of preparing the Budget involves massive…

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Budget 2026: Over 9% rise in Home Ministry budget; Intelligence Bureau sees enhanced allocation

February 1, 2026 admin

Finance Minister Nirmala Sitharaman, right, addresses a press conference after presenting the Union Budget 2026-27, in New Delhi, Sunday, Feb. 1, 2026. Minister of State for Finance Pankaj Chaudhary is also seen. | Photo Credit: PTI The Ministry of Home Affairs (MHA) has seen an increase of 9.44% in the total allocation in the Union…

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Budget’s Focus On Mental Health, Cheaper Cancer Medicines Gets Thumbs Up From Doctors

February 1, 2026 admin

From mental health infrastructure and regional medical hubs to biopharma manufacturing, caregiver training and cheaper cancer medicines, Delhi-based doctors and healthcare leaders on Sunday welcomed the measures listed in Union Budget 2026-27. They said these will strengthen access, affordability and long-term capacity in the healthcare system. The Union Budget has raised allocation for the healthcare…

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Government Expects Rs 3.16 Lakh Crore In RBI, Bank Dividends For 2026-27

February 1, 2026 admin

The Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27, up about 3.75 per cent over the current fiscal. During the current fiscal year, as per the Revised Estimate (RE) presented in Parliament, the central government is expected to get about…

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