India, Feb. 1 -- The Government of India has issued a release: Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman while presenting the Union Budget 2026-2027 in Parliament today, proposed 3 kartavyas to speed-up the reform momentum towards Viksit Bharat. The Finance Minister said that the first Kartavya is to accelerate and sustain economic growth, by enhancing productivity and competitiveness, and building resilience to volatile global dynamics; second Kartavya is to fulfil...
India, Feb. 1 -- The Government of India has issued a release: Union Finance Minister Smt. Nirmala Sitharaman today presented the Union Budget for the Financial Year (FY) 2026-27. The announcements also included significant measures for accelerating the growth of India's Electronics and Information Technology Sector. The Finance Minister announced the launch of India Semiconductor Mission (ISM) 2.0 to produce equipment and materials, design full stack Indian IP, and fortify supply chains. The ...
India, Feb. 1 -- The Government of India has issued a release: Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman while presenting the Union Budget 2026-27 in Parliament said, "To promote India as a hub for medical tourism services, I propose to launch a Scheme to support States in establishing five Regional Medical Hubs, in partnership with the private sector." Smt. Nirmala Sitharaman stated that these Hubs will serve as integrated healthcare complexes that combine medi...
India, Feb. 1 -- The Government of India has issued a release: The Union Budget 2026-27 presented by the Hon'ble Union Finance Minister, Smt. Nirmala Sitharaman, reaffirms the Government's sustained commitment to ensuring timely availability of fertilizers to farmers at affordable prices, while supporting domestic production and balanced nutrient use. For the financial year 2026-27, a net budgetary allocation of estimated Rs.1.71 Lakh Crore has been provided to the Department of Fertilizers, r...
India, Feb. 1 -- The Government of India has issued a release: While presenting the Union Budget 2026-27in Parliament today, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman stated, "Government has been delivering onfiscal commitments consistently without compromising on social needs." In line with this, the debt-to-GDP ratio is estimated to be 55.6 percent of GDP in BE 2026-27, compared to 56.1 percent of GDP in RE 2025-26. A declining debt-to-GDP ratio will gradually ...
India, Feb. 1 -- The Government of India has issued a release: Union Budget 2026-27 has proposed several incentives for primary cooperative societies. Presenting the Budget in Parliament today, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman proposed to extend the deduction allowed to a primary cooperative society for supply of cattle feed and cotton seed produced by its members. Presently, deduction is allowed to a primary cooperative society engaged in supplying milk,...
India, Feb. 1 -- The Government of India has issued a release: The Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2026-27 in the Parliament today. The Budget proposes set of Direct Tax proposals aiming at rationalizing penalty and prosecution. The Finance Minister proposed to integrate assessment and penalty proceedings by way of a common order for both to avoid multiplicity of proceedings. There will be no interest liability on the taxpayer...
India, Feb. 1 -- The Government of India has issued a release: Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2026-27 in Parliament today (01 February 2026). The Union Budget sets out a clear and comprehensive roadmap for advancing India's development journey towards Viksit Bharat, in alignment with the vision of Prime Minister Shri Narendra Modi for an inclusive, Atmanirbhar, and future-ready nation. Welcoming the Budget, Union Minister fo...
India, Feb. 1 -- The Government of India has issued a release: Union Home Minister and Minister of Cooperation Shri Amit Shah has extended heartfelt congratulations, on behalf of every Indian, to Prime Minister Shri Narendra Modi Ji and Finance Minister Smt. Nirmala Sitharaman ji for the budget that reflects the vision of building a developed India by 2047 and outlines the roadmap for the next 25 years. In a series of posts on X, Union Home Minister Shri Amit Shah said, "From manufacturing to ...
India, Feb. 1 -- The Government of India has issued a release: Union Minister for Education Shri Dharmendra Pradhan lauded the Budget 2026-27, calling it a Yuva Shakti-driven budget that gives a boost to education and employment creation and presents a blueprint for the next phase of development. The Minister informed that the total budget allocation for the Ministry of Education has reached Rs.1,39,289.48 crore, marking an 8.27% increase over BE 2025-26. Shri Pradhan stated that the Union Bu...