India, Feb. 1 -- The Government of India has issued a release: Indian Railways is set to expand at a rapid pace. Backed by the substantial allocation of Rs. 2,78,000 crore in the Union Budget this year, Railways is focusing its spending on high-speed connectivity, freight and safety. A record capital expenditure of Rs.2,93,030 crore has been planned for Indian Railways in Union Budget 2026-27. This is the highest-ever capex as well as allocation for Indian Railways. The allocation underscores...
India, Feb. 1 -- The Government of India has issued a release: The Government has accepted the recommendation of the 16th Finance Commission to retain the vertical share of devolution at 41 percent. Presenting the Union Budget 2026-27 in Parliament today, Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman said, "The Government has accepted the recommendation of the Commission to retain the vertical share of devolution at 41 percent. As recommended by the Commission, I have ...
India, Feb. 1 -- The Government of India has issued a release: Union Minister for Rural Development, and Agriculture&Farmers' Welfare, Shri Shivraj Singh Chouhantodaydescribed the Union Budget 2026-27 as "historic" and "unprecedented", saying that it lays a strong foundation for a developed and self-reliant India under the leadership of Prime Minister Shri Narendra Modi. Shri Chouhan said the Budget has been presented for the 12th time under Prime Minister Modi's leadership and that Smt. Nirmal...
India, Feb. 1 -- The Government of India has issued a release: Union Finance Minister Smt. Nirmala Sitharaman, while presenting the Union Budget today, announced a series of transformative measures aimed at positioning India as a global hub for Medical Value Tourism (MVT) and strengthening the AYUSH ecosystem with a focus on quality, research, employment generation and global outreach. Regional Medical Hubs for Medical Value Tourism To promote India as a preferred destination for medical tour...
India, Feb. 1 -- The Government of India has issued a release: The Union Budget 2026-27 reaffirms the Government of India's commitment to inclusive growth and a Viksit Bharat by placing Divyangjan and senior citizens at the centre of a technology-enabled empowerment agenda. Under the leadership of the Ministry of Social Justice and Empowerment (MoSJE) and the Department of Empowerment of Persons with Disabilities (DEPwD), Artificial Limbs Manufacturing Corporation of India (ALIMCO) has been ent...
India, Feb. 1 -- The Government of India has issued a release: In the Union Budget, tabled today in the Lok Sabha for the year 2026-2027 three new dedicated Chemical Parks have been proposed through challenge route and on a cluster-based plug-and-play model. The Union Finance Minister Smt. Nirmala Sitharaman in her budget speech said that it will enhance domestic chemical production and reduce import dependency. She also emphasized that a scheme will be launched to support States in establishi...
India, Feb. 1 -- The Government of India has issued a release: "Operation Sindoor displayed seamless inter-service coordination within India's multi-layered maritime security system, and reaffirmed the role of the Indian Coast Guard (ICG) as a frontline force," said Raksha Mantri Shri Rajnath Singh as he graced the 50th Raising Day celebrations of ICG in New Delhi on February 01, 2026. He asserted that the operation was carried out during a time of heightened maritime sensitivity, and the ICG r...
India, Feb. 1 -- The Government of India has issued a release: The Union Budget 2026-27 proposes to set up a 'High Level Committee on Banking for Viksit Bharat'. Presenting the Union Budget in Parliament today, the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman said that it will comprehensively review the financial sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. Indian banking sector today...
India, Feb. 1 -- The Government of India has issued a release: The Prime Minister Shri Narendra Modi, met Sant Niranjan Dass Ji, today, at Dera Sachkhand Ballan on the special occasion of the Jayanti of Shri Guru Ravidass Maharaj Ji."He was recently conferred the Padma Shri, in recognition of his inspiring service to society", Shri Modi said. The Prime Minister posted on X: "It was very special to meet Sant Niranjan Dass Ji at Dera Sachkhand Ballan on the special occasion of the Jayanti of Sh...
India, Feb. 1 -- The Government of India has issued a release: The Union Minister for Tribal Affairs, Shri Jual Oram, today welcomed the Union Budget 2026-27, describing it as a forward-looking and inclusive budget that places tribal communities-particularly those in Odisha-at the centre of India's development journey. Addressing the media, the Minister stated that the Budget strongly reinforces the Government's commitment to holistic, area-based, and people-centric development of Scheduled Tr...