Tag: Nirmala Sitharaman budget

Budget 2026 Not so poll-driven, but signals focus on global headwinds

February 2, 2026 admin

Union Finance Minister Nirmala Sitharaman addresses a press conference after the presentation of the ‘Union Budget 2026-27’ | Photo Credit: PTI In a year when four States and one Union Territory — Tamil Nadu, Kerala, Assam, West Bengal and Puducherry — are headed for Assembly elections, expectations around the Union Budget, at least in political…

Business

Union Budget 2026: VB-G RAM G gets ₹95,692.31 crore; experts warn it falls far short of allocation needed to guarantee 125 workdays

February 2, 2026 admin

The VB–G RAM G Act replaces the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005. File | Photo Credit: The Hindu The budget for rural employment schemes saw a 43% hike, with allocation of ₹95,692.31 crore to the new rural employment scheme under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB–G RAM G)…

Business

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…

Business

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…

Business

Union Budget 2026: India makes no fresh allocation for Chabahar port in Budget as U.S. increases pressure on Iran

February 1, 2026 admin

Indicating a freeze on India’s activities in the port of Chabahar, the Union Budget has made no allocation for the port in Iran in 2026-27. | Photo Credit: Getty Images/iStockphotos Indicating a freeze on India’s activities in the port of Chabahar, the Union Budget has made no allocation for the port in Iran in 2026-27. Chabahar had…

World

Dedicated rare earth corridors in TN, Kerala, would promote mining: CII

February 1, 2026 admin

Image used for representative purpose only. | Photo Credit: Reuters Industry body CII on Sunday (February 1, 2026) welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, Odisha stating it would help India’s leadership in rare earth magnets. The Union Budget 2026 proposal towards establishment of Rare…

Science

Budget 2026: Odisha, T.N., Andhra, Kerala to get dedicated rare earth corridors to promote research and mining

February 1, 2026 admin

Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare-earth corridors. Image used for representative purpose only. | Photo Credit: Reuters Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing…

Science

Education Budget 2025: Spending on IITs, IIMs and higher education in general stagnates | Data

February 1, 2025 admin

The share of allocation to IITs in FY26 remained the same as the revised estimates in FY25. | Photo Credit: VELANKANNI RAJ B In FY26, the government is expected to spend ₹50,077.95 crores on higher education. The allocation increased by ₹3,595.6 crore, when compared with the revised estimates for the year FY25. While the allocation…

Business

“What Happens If You Don’t Have A Job?” Shashi Tharoor On Union Budget 2025

February 1, 2025 admin

New Delhi: Congress MP Shashi Tharoor on Saturday reacted to the Union Budget presented by Finance Minister Nirmala Sitharaman, questioning what would happen to those who are not employed. Mr Tharoor’s statements were in response to the revised tax slabs and rates under the new regime. “I think, frankly, the applause you heard from the…

Nation

Union Budget 2025-26: All AI schemes receive huge increase in allocations, as well as new Centre of Excellence

February 1, 2025 admin

The IndiaAI mission got the highest increase in allocation Finance Minister Nirmala Sitharaman presented the Union Budget for 2025, unveiling the eighteenth Cabinet’s plans for funding the integration of Artificial Intelligence (AI) in various fields. Allocations for all schemes related to AI have seen significant increases since the previous Union Budget. In her 8th Budget…

Business