The Union Budget for 2026-27, unveiled by Nirmala Sitharaman on February 1, 2026, represents a significant step towards realizing a Viksit Bharat. It aims to strike a balance between swift economic growth and essential elements like inclusion, capacity building, and long-term resilience. One of the standout features of Budget 2026 is the introduction of numerous […]
Union Budget 2026: List of Schemes & Initiatives Read More »
Union Budget 2026 will be presented on 1 February. It is the annual financial statement of India. The process began in August 2025. Ministries submitted estimates and consultations were held. Lok Sabha Speaker Om Birla said that the process of budget presentation will begin at 11:00 AM in the Lower House on the 1st of
Union Budget of India 2026–27: Date, Time, Key Details Read More »
Union Budget 2026 will be presented on 1 February. It is the annual financial statement of India. The process began in August 2025. Ministries submitted estimates and consultations were held.The Economic Survey reviews current economic performance. The Halwa Ceremony signals the final stage. Officials enter a lock-in period. This Budget is historically important.It guides taxes,
The Union Cabinet has approved the new Income Tax Bill, which will replace the six-decade-old Income Tax Act, 1961. This new legislation aims to simplify, modernize, and enhance India’s tax system, making it easier for taxpayers to understand and navigate. Finance Minister Nirmala Sitharaman announced in the Budget 2025-26 that the new bill will be introduced in Parliament in the ongoing session.
The Union Budget for 2025-26 has set aside Rs 6,81,210.27 crore for the Ministry of Defence (MoD), which is a 9.53% increase compared to last year’s budget. This amount represents 13.45% of the total Union Budget, marking it as the largest allocation among all ministries. The budget supports Prime Minister Narendra Modi’s vision of ‘Viksit
The Union Budget for 2025-26, introduced by Finance Minister Nirmala Sitharaman, brings about significant reforms across six key areas aimed at boosting India’s growth potential and enhancing its competitiveness on the global stage over the next five years. In the Financial Sector, there are major reforms focusing on Insurance, Pensions, Bilateral Investment Treaties (BITs), KYC
The Railway Budget 2025 has been announced, with a total allocation of ₹2.65 lakh crore, the same as last year. Although the budget prioritizes capital expenditure (Capex) and the expansion of infrastructure, there are worries due to cuts in funding for customer amenities, public sector investments, and freight corridors. Union Railways Minister Ashwini Vaishnaw highlighted that maintaining last
Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025, highlighting the importance of healthcare development, medical tourism, and better access to medical services. The government has set aside ₹98,311 crore for the healthcare sector, up from ₹90,658.63 crore in the last fiscal year. Significant announcements included customs duty exemptions on life-saving medications, the expansion of
In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced significant changes to the income tax system. These changes aim to provide relief to the middle class and boost economic growth. The proposed measures are expected to increase disposable income, enhance consumer spending, and contribute to India’s economic development. The key focus is on simplifying
Income Tax Budget 2025: No income tax for upto ₹12 lakh Read More »
The Union Budget for 2025-26 presents a detailed plan for boosting India’s economic growth, focusing on expanding infrastructure, maintaining fiscal discipline, and promoting inclusive development. With a total expenditure of ₹50.65 lakh crore, the budget emphasizes capital investment, social sector initiatives, and tax reforms, with a goal of lowering the fiscal deficit to 4.4% of
