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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.
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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
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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
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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
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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
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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
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Finance Minister Nirmala Sitharaman proposed a high-level Banking Committee for Viksit Bharat, restructuring key financial institutions, reviewing FEMA rules, promoting corporate and municipal bonds, and easing foreign investment limits to strengthen India’s banking sector and boost ease of doing business
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The Income Tax Act, 2025, will come into force from April 1, replacing the 1961 law. The revenue-neutral legislation simplifies tax rules, reduces litigation, introduces a single tax-year system, and eases compliance through redesigned return forms.
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The Union Budget 2026–27 proposed a Rs 10,000 crore Bio Pharma Shakti scheme to boost biologics and biosimilars, alongside allied health job creation, caregiver training, healthcare infrastructure expansion and continued reforms to support growth and inclusion.
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Union Finance Minister Nirmala Sitharaman proposed setting up five regional medical hubs to promote medical tourism, alongside new Ayurveda institutes, upgraded Ayush facilities and expanded allied health training, while presenting the Union Budget 2026–27.
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Finance Minister Nirmala Sitharaman proposed seven high-speed rail corridors linking major Indian cities, promoting regional growth, faster travel, and lower emissions. She also outlined banking reforms, foreign investment modernization, and an integrated textile programme under the Union Budget 2026-27
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Finance Minister Nirmala Sitharaman tabled the 16th Finance Commission report in Lok Sabha, outlining tax devolution between Centre and states for 2026–2031. Headed by Arvind Panagariya, the panel proposes formulas guiding Centre–state fiscal relations
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Finance Minister Nirmala Sitharaman carried Union Budget documents on a digital tablet in a red bahi-khata, symbolising tradition and technology. Continuing the paperless Budget, she reaffirmed the shift from colonial symbols while engaging students during Budget 2026–27 presentation
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Finance Minister Nirmala Sitharaman will present her ninth straight Union Budget on February 1. Key focus areas include fiscal deficit, capital expenditure, borrowing, tax revenue, GST collections, and nominal GDP growth, which will guide market expectations
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Nirmala Sitharaman will present the Union Budget 2026-27 on February 1, marking her ninth consecutive Budget—first woman to do so in India. Backed by top bureaucrats, the Budget focuses on fiscal stability, growth, reforms, and Viksit Bharat 2047 goals
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The Infection Control Academy of India has urged Finance Minister Nirmala Sitharaman to adopt a progressive GST on antibiotics. Access drugs would remain cheap, while Watch and Reserve antibiotics face higher taxes to prevent misuse and tackle antimicrobial resistance.
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President Droupadi Murmu has approved the summoning of Parliament for the Budget Session 2026, scheduled from January 28 to April 2 in two phases. Parliamentary Affairs Minister Kiren Rijiju announced that Finance Minister Nirmala Sitharaman is expected to present the Union Budget on February 1, a rare Sunday occurrence.
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Andhra Pradesh Chief Minister N. Chandrababu Naidu met Union Finance Minister Nirmala Sitharaman, seeking central support for Purvodaya, SASCI projects, Rayalaseema horticulture development and the Polavaram–Nallamala Sagar Link Project amid financial constraints
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Finance Minister Nirmala Sitharaman said global trade is increasingly being "weaponised" through tariffs and other measures. She emphasized India must negotiate carefully, leveraging its economic strength to safeguard domestic industries amid rising international protectionism
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The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was introduced in the Lok Sabha to raise FDI in insurance from 74% to 100%. Opposition opposed the move, while the government cited policyholder protection and sector growth
