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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.
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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.
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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.
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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.
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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.
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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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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
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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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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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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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Amid global slowdown and erosion of the rules-based international order, the Economic Survey 2025-26 offers a note of tempered hope
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Traditional ritual marks the lock-in of Budget officials as Finance Minister prepares to present her ninth consecutive Budget amid 7.6% GDP growth expectations and global headwinds
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As Finance Minister Nirmala Sitharaman prepares to present a record ninth consecutive Budget, she faces a defining fiscal moment amid external headwinds and internal challenges
