India

India has not allocated funds for the Chabahar port project in the latest Union Budget amid fresh US sanctions on Iran. The move comes as a previous waiver nears expiry and New Delhi reviews its options on the strategic project

The government has announced an integrated programme to boost the labour-intensive textile sector, including mega textile parks, fibre and skilling schemes, and support for weavers and exporters. The measures aim to improve jobs, exports and competitiveness

Unless employment and training are linked to productivity, performance, and survivability, labour reforms risk creating jobs that exist on paper but fail in practice

The government has proposed nearly a 19 per cent increase in investment by nine state-owned power sector firms in 2026-27, taking the total to over Rs 1 lakh crore. Major PSUs like NTPC and Power Grid will lead the expansion

Finance Minister Nirmala Sitharaman has announced a high-level committee on banking to support Viksit Bharat goals. The panel will review sector performance, strengthen financial stability and improve efficiency, while reforms for NBFCs and foreign investments are also planned

The Union Budget 2026–27 proposes a tax holiday till 2047 for foreign cloud companies using data centres in India to serve global customers. The move aims to attract investment, boost data centre capacity and position India as a global AI and digital infrastructure hub.

India has allocated Rs 7.84 lakh crore for defence in Budget 2026–27, marking a 15% rise over last year. The higher outlay focuses on modernisation, capital expenditure, defence manufacturing and welfare of ex-servicemen amid rising security challenges.

Finance Minister Nirmala Sitharaman presented her ninth consecutive Union Budget in a business-like speech marked by symbolism and political reactions. While the BJP hailed the Budget, opposition members alleged neglect of certain states, making the day a mix of policy and parliamentary theatre.

The Union Budget 2026–27 has allocated Rs 4,551.94 crore to the Information and Broadcasting Ministry, with major funding for Prasar Bharati, media infrastructure, AVGC talent development and community radio. The allocation is lower than last year’s revised estimate.

Congress president Mallikarjun Kharge criticised the Union Budget 2026–27, saying it lacks policy vision and offers no solutions to key challenges such as jobs, inequality, manufacturing slowdown and federal stress, even as the government raised capital expenditure targets.

The government has allocated Rs 3.09 lakh crore to the Road Transport and Highways Ministry in Budget 2026–27, an 8% rise over the current year. Funding for NHAI has also increased as the authority works to reduce debt.

The Union Budget 2026–27 allocates Rs 1.06 lakh crore to the Health Ministry, marking a 10% increase. The government plans regional medical hubs, expansion of allied healthcare professionals, and higher funding for key health schemes and institutions.

The government has proposed allowing Indian non-residents to invest in domestic equities through the Portfolio Investment Scheme. Announced in Budget 2026–27, the move aims to boost market liquidity, attract stable inflows and support currency stability.

Leader of Opposition Rahul Gandhi on Sunday criticised the Union Budget 2026-27, accusing the Centre of ignoring unemployment, manufacturing slowdown and agrarian distress. Other opposition leaders, including Akhilesh Yadav, said the Budget lacked reforms, relief and concern for common people.

Prime Minister Narendra Modi termed the Union Budget 2026–27 historic, saying it reflects the aspirations of 140 crore Indians, boosts reforms, supports MSMEs, and lays a strong foundation for India’s journey towards becoming a developed nation by 2047.

Finance Minister Nirmala Sitharaman announced the creation of specialised rare earth corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu. The initiative aims to boost mining, processing, research, and manufacturing, reducing dependence on imports and strengthening India’s critical minerals capabilities

CII welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, and Odisha. The initiative aims to boost mining, processing, research, and manufacturing, strengthening India’s leadership in rare earth magnets and critical minerals

  Yuvan Shankar Raja met actor Ajith at the Dubai Autodrome as the latter prepares for the Asian Le Mans Series. The visit coincides with the re-release of Ajith’s film Mankatha, whose music was scored by Yuvan 

Around 1.5 crore devotees took ritual baths at the Ganga and Sangam in Prayagraj on Magh Purnima, braving cold conditions. Authorities ensured safety, sanitation, and traffic management, marking the conclusion of month-long kalpvas observances for thousands of pilgrims

India’s Union Budget 2026-27 allocates Rs 7.84 lakh crore for defence, including Rs 2.19 lakh crore for capital expenditure and Rs 5.53 lakh crore for revenue. Customs duty exemptions on aircraft components aim to boost the defence aerospace sector

In Jharkhand’s Palamu, a couple and their 18-year-old son were allegedly hacked to death over suspected witchcraft, while their minor daughter was injured. Police have launched a manhunt, and the bodies were sent for post-mortem in Medininagar

Congress criticised Union Budget 2026-27 as “lacklustre” and “non-transparent,” saying Finance Minister Nirmala Sitharaman’s speech omitted key allocations. While capex rises to Rs 12.2 lakh crore and infrastructure plans were outlined, critics say the budget falls short of expectations

Finance Minister Nirmala Sitharaman proposed a Rs 12.2 lakh crore infrastructure push in Union Budget 2026-27, focusing on Tier-2/Tier-3 cities, east-west freight corridors, inland waterways, and an Infrastructure Risk Guarantee Fund to boost investment, connectivity, and regional development

Indian markets saw sharp intra-day falls after Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27. Sensex dropped over 2,300 points, Nifty over 600, as investors remained cautious amid limited tax relief and awaited sectoral and fiscal policy announcements