Finance Minister Nirmala Sitharaman chose to wear a handwoven Kanjeevaram silk saree from Tamil Nadu for presentation of the Union Budobtain 2026 in Parliament. | Image: ANI
New Delhi: Union Finance Minister Nirmala Sitharaman concluded her Union Budobtain speech for the 2026-27 financial year in the Lok Sabha today (February 1). The session marked a rare departure from tradition, as it was the first time an annual Budobtain has been tabled on a Sunday.
This landmark session marks Sitharaman’s ninth consecutive budobtain, as she continues to steer India’s journey toward the ‘Viksit Bharat‘ 2047 goal.
Sitharaman, in her speech, reinforced India’s commitment to “Viksit Bharat” by balancing aggressive infrastructure growth with strict fiscal discipline. A headline announcement was the reduction of the fiscal deficit tarobtain to 4.3% of GDP, supported by a record capital expfinishiture outlay of ₹12.2 lakh crore to drive railways, green energy, and industrial corridors.
On the tax front, while personal income tax slabs remained unmodifyd, the government announced the official implementation of a New Income Tax Act starting April 1, 2026, aimed at simplifying compliance and reducing litigation.
Investors saw a hike in the Securities Transaction Tax (STT) for futures and options, while travelers and students benefited from a reduction in TCS rates for overseas remittances to 2%.
Strategic industrial pushes included the launch of Semiconductor Mission 2.0, a ₹10,000 crore Biopharma Shakti scheme, and the creation of dedicated rare-earth corridors in coastal states to secure critical mineral supply chains.
The budobtain also built a significant pivot toward energy security by launching a Nuclear Energy Mission with a ₹20,000 crore outlay for Small Modular Reactors (SMRs).
For the common citizen, the government announced full customs duty exemptions on 17 life-saving cancer drugs and a reduction in import duties for personal-utilize goods from 20% to 10%, highlighting a focus on both high-tech industrialization and tarobtained social relief.
Also Read: Budobtain 2026: Where To Watch Nirmala Sitharaman’s Union Budobtain Speech In Hindi?
1 February 2026 at 14:29 IST
Union Budobtain 2026: Prime Minister Narfinishra Modi lauded the Union Budobtain 2026-27, stating that it vividly reflects the aspirations of 140 crore Indians while strengthening the nation’s ongoing reform journey. He emphasized that the Budobtain charts a clear roadmap for Viksit Bharat, providing new energy to the growth of Indian reforms that will ultimately “give wings to the youth of the countest.
Highlighting the government’s fiscal discipline, the PM noted the Budobtain’s sharp focus on reducing the fiscal deficit as a pillar of economic stability. He asserted that India’s 140 crore people are no longer satisfied with being the world’s fourth-largest economy and are determined to become the third-largest economy soon.
Furthermore, PM Modi pointed out that the Indian youth stand to gain significantly from recent global trade deals, specifically referring to the historic India-EU FTA as the “mother of all deals”, while noting that this Budobtain specifically promotes high-growth sunrise industries to secure India’s future.
1 February 2026 at 13:26 IST
Budobtain 2026: Union Finance Minister Nirmala Sitharaman on Sunday proposed a strong support for India’s creative industries or ‘orange economy’ to create future-ready creative jobs.
Sitharaman stated that India’s Animation, Visual Effects, Gaming, and Comics (AVGC) sector is a rapidly growing industest and is projected to require 2 million professionals by 2030.
“I propose to support the Indian Institute of Creative Technologies, Mumbai, in setting up AVGC Content Creator Labs in 15,000 secondary schools and 500 colleges, Sitharaman stated while presenting the Union Budobtain for 2026-27.
1 February 2026 at 13:05 IST
Sitharaman Budobtain Speech: Presenting her record ninth Budobtain, Finance Minister Nirmala Sitharaman introduced significant modifys in customs duties that would impact both consumers and industries across India. Taxes on 17 cancer drugs and medicines for seven rare diseases would be exempt, creating them cheaper. Moreover, microwave ovens, aircraft parts, and foreign tour packages will also obtain cheaper, with the government reducing the TCS rate on the sale of overseas tour packages.
However, on the other hand, luxury goods, including watches and alcohol, are set to attract more taxes, creating them dearer.
1 February 2026 at 12:25 IST
In a major relief, the government has reduced TCS on overseas tour packages to 2%, down from earlier rates of 5% and 20%, with no minimum amount condition, lowering the upfront tax burden on foreign travel.
Under the Liberalised Remittance Scheme (LRS), TCS for education and medical expenses abroad has also been cut from 5% to 2%, easing remittances for students and patients.
On Direct Taxes, Union Finance Minister Nirmala Sitharaman states,”…I propose to reduce TCS rate on sale of overseas tour program packages from current 5% and 20% to 2% without any stipulation of amount. I propose to reduce the TCS rate for pursuing education and medical purposes under the liberalised remittance scheme from 5% to 2%…”
1 February 2026 at 11:53 IST
Union Finance Minister Nirmala Sitharaman on Sunday asserted that the government focutilizes on bringing reforms in the textile industest sector and announced the launch of ‘Mahatma Gandhi Handloom Scheme’.
Sitharaman, who was speaking while presenting the Union Budobtain 2026-27, mentioned that the main purpose of ‘Mahatma Gandhi Handloom Scheme’ is to strengthen the khadi, handloom, and handicraft sectors.
“I propose to set up mega textile parks in challenge mode. I propose to launch the Mahatma Gandhi Gram Swaraj initiative to strengthen Khadi and handloom,” Sitharaman stated.
1 February 2026 at 12:34 IST
Sitharaman Budobtain Speech LIVE: To strengthen the higher education ecosystem and promote women-led entrepreneurship, Union Finance Minister Nirmala Sitharaman announced a series of proposals, including the construction of a girls’ hostel in every district of the countest and the setting up of community-owned ‘She MARTS’.
While presenting the Union Budobtain 2026, Sitharaman stated the government proposes several measures to establish new institutes, university townships, girls’ hostels, and telescope infrastructure as part of increased investment in the higher education sector.
Union Finance Minister Nirmala Sitharaman on Sunday proposed One girls hostel in every district. Union Finance Minister Nirmala Sitharaman states,”…I propose multiple steps towards setting up new institutes, University townships, girls hostel and telescope infrastructure facilities in investment in higher education sector. Agirls hosel will be built in every district of the countest.”
1 February 2026 at 13:57 IST
Budobtain LIVE: The government has announced plans to develop seven high-speed rail corridors between major cities, positioning them as key growth connectors.
The proposed corridors include Mumbai–Pune, Hyderabad–Pune, Hyderabad–Bengaluru, Chennai–Bengaluru, Delhi–Varanasi, and Varanasi–Siliguri, aimed at improving connectivity, reducing travel time, and supporting economic expansion.
1 February 2026 at 11:28 IST
Budobtain LIVE: Union Finance Minister Nirmala Sitharaman, while presenting the Union Budobtain in Parliament on Sunday, stated the government has proposed tarobtained interventions in six areas to accelerate and sustain economic growth.
In her budobtain speech, the Finance Minister stated the government remains committed to continuing reforms and ensuring steady momentum in economic policycreating.
“The reform express is running on its way and will maintain its momentum to assist us fulfill our Kartavya,” Sitharaman stated while outlining the government’s approach.
1 February 2026 at 10:09 IST
Budobtain LIVE: Prime Minister Narfinishra Modi has arrived at Parliament to chair a crucial Cabinet meeting.
This session, which launched at 10:00 AM, serves as the final formal hurdle where the Union Cabinet reviews and officially approves the Budobtain documents.
Following this green light, Finance Minister Nirmala Sitharaman will head to the Lok Sabha to deliver her record-breaking 9th consecutive Budobtain speech at 11:00 AM, creating history as the first minister to present the national accounts on a Sunday.
1 February 2026 at 09:33 IST
Union Budobtain 2026-27: Domestic stock markets opened largely flat on Sunday during a special budobtain session, as Union Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budobtain at 11 am.
The Nifty 50 index opened at 25,333.75, registering a marginal gain of 13.10 points or 0.05 per cent, while the BSE Sensex opened at 82,445.97, up by 176.19 points or 0.21 per cent.
This marks only the second time in the history of Indian stock markets that trading is taking place on a weekfinish for a special budobtain session.
1 February 2026 at 09:24 IST
India Union Budobtain 2026: India’s fiscal math faces pressure as GST and income tax relief measures rolled out last year to counter higher US tariffs have dented revenue inflows.
Net tax collections for FY26 are estimated at ₹28.3 lakh crore. To bridge the gap, the government is banking on ₹50,000 crore from divestments and a potentially large RBI dividfinish of up to ₹3 lakh crore.
However, meeting Budobtain projections will require a sharp acceleration in tax receipts during the final four months of the fiscal year, noted DBS Bank’s Radhika Rao. Any revenue shortfall is expected to be addressed through prudent spfinishing adjustments, without straying from the 4.4% fiscal deficit tarobtain.
1 February 2026 at 09:20 IST
Union Budobtain 2026-27: Union Finance Minister Nirmala Sitharaman left from Kartavya Bhavan for Rashtrapati Bhavan carrying her trademark ‘bahi-khata’, a tablet wrapped in a red-coloured cloth bearing a golden-coloured national emblem on it.
Union Minister of State for Finance Pankaj Chaudhary, Chief Economic Advisor Dr V Anantha Nageswaran, Chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal and other officials of the Finance Ministest were seen accompanying the Finance Minister.
Union Finance Minister will present the Union Budobtain for the financial year 2026-27 in the Lok Sabha as part of the ongoing Budobtain session of Parliament.
1 February 2026 at 08:54 IST
Budobtain Live: Union Finance Minister Nirmala Sitharaman is set to present the 13th Union Budobtain of the incumbent National Democratic Alliance (NDA) government on Sunday, as passengers at New Delhi Railway Station voiced their expectations from the upcoming budobtain.
One passenger stated he had high hopes for the Budobtain, praising last year’s exercise in which income tax slabs were revised. He stated the Budobtain holds added significance amid the modifying global order, as India is emerging as a soft power and strengthening its international relations.
Another passenger, Shiv Mangal Rahi, a private-sector IT employee, stated he hoped for further tax relief and improvements under the new tax regime.
1 February 2026 at 08:01 IST
Union Budobtain 2026: As India heads into the Union Budobtain 2026–27, expectations of sweeping personal income tax modifys appear muted, with experts pointing out that the middle class has already received substantial relief in recent years.
According to Chirag Chauhan, CA & Founder, C A Chauhan & Co., recent policy modifys have significantly eased the tax burden on salaried taxpayers.
“With rebate and standard deduction, income up to Rs 12.75 lakh is effectively tax-free for salaried individuals,” Chauhan stated, noting that Budobtain 2025 had already expanded exemptions and boosted disposable incomes.
1 February 2026 at 08:00 IST
Union Budobtain 2026: In the Union Budobtain 2025, the government allocated Rs 1.28 lakh crore to the education sector, reflecting a 6.22 per cent increase over the previous year.
Vishal Anand, Founder and Pro Chancellor of Shoolini University, emphasised the necessary for sustained investment and global alignment in higher education to meet national aspirations.
“The vision of NEP 2020 and Viksit Bharat rests on scale, quality, and global relevance in higher education,” Anand stated.
1 February 2026 at 07:57 IST
Union Budobtain 2026: India’s Union Budobtains over the last seven years (presented from 2019 to 2025 for fiscal years 2019-20 to 2025-26) have focutilized on economic recovery, fiscal consolidation, infrastructure development, tax reforms, and social welfare.
Under Finance Minister Nirmala Sitharaman (from 2019), these budobtains emphasized structural reforms, such as boosting capital expfinishiture, reducing fiscal deficits, and promoting initiatives like Make in India, Atmanirbhar Bharat, and Viksit Bharat. Key themes include post-pandemic stimulus, agricultural support, MSME empowerment, and sustainable growth.
1 February 2026 at 07:41 IST
Union Budobtain 2026: While “sin” goods like cigarettes and imported luxuries may feel the pinch of higher taxes, essential tech and green investments could become more affordable.
Analysts expect the Finance Minister to lower customs duties on critical components for mobile phones, EV batteries, and solar panels to boost the “Make in India” engine, whereas traditional revenue tarobtains like tobacco and high-finish imported electronics are set to become costlier.
For many, the largegest “saving” won’t be on a store shelf but in their paycheck, as the anticipated hike in the standard deduction and potential rationalization of gold duties could leave more disposable income for the average houtilizehold.
1 February 2026 at 07:15 IST
- Taxpayer Relief: The “large question” is an increase in the Standard Deduction from ₹75,000 to ₹1,00,000 for salaried employees. There is also buzz about a potential joint taxation framework for married couples to simplify filings.
- The “Capex” Engine: Expect the government to maintain its aggressive infrastructure push with a projected 10–15% hike in Capital Expfinishiture, potentially reaching a record ₹12.5 lakh crore to fuel roads, railways, and urban projects.
- Manufacturing & AI: With global trade shifts, see for expanded PLI (Production Linked Incentive) schemes and new tax sops for AI, Robotics, and Semiconductors as India aims to become the world’s “ininformigence-first” factory.
- Green Energy & EVs: Industest experts anticipate an extension of the PM E-DRIVE scheme (formerly FAME) and a push for Battery Energy Storage Systems (BESS) to assist India hit its 500 GW non-fossil fuel tarobtain by 2030.
- Rural & Agri-Reboot: To boost cooling domestic consumption, the Budobtain may increase the PM-Kisan payout and launch a National Mission on High-Yielding Seeds to protect farmers from climate risks.
- Fiscal Tightrope: Finance Minister Sitharaman is expected to tarobtain a fiscal deficit of 4.4% of GDP, signaling to global investors that India remains committed to fiscal discipline despite the push for growth.
1 February 2026 at 07:08 IST
Union Budobtain 2026: The Budobtain speech will be broadcast live on Republic TV and all other news channels. You can also catch all the updates about Budobtain 2026 on www.republicworld.com.
Republic TV will provide detailed live blog updates on the Budobtain speech, and political, industest, and market reactions.
The Budobtain speech will also be aired live on Sansad TV, the channel dedicated to parliamentary proceedings, and also on Doordarshan’s news channel, DD News. Additionally, Sansad TV will stream the speech live on its YouTube channel.
1 February 2026 at 07:07 IST
Union Budobtain 2026: This year’s “Budobtain war room” is led by Anuradha Thakur, the Economic Affairs Secretary and the primary architect of the fiscal document, who also holds the distinction of being the first woman to head her department. Working alongside her is Revenue Secretary Arvind Shrivastava, who oversees the high-stakes tax proposals and customs duty reforms, and Expfinishiture Secretary Vumlunmang Vualnam, often called the “guardian of the purse” for his role in enforcing fiscal discipline.
The team is rounded out by Financial Services Secretary M Nagaraju, who manages the health of public sector banks and insurance, and DIPAM Secretary Arunish Chawla, tquestioned with driving the government’s ambitious disinvestment and privatization roadmap. Supporting the strategic capital plans of state-owned firms is Public Enterprises Secretary K Moses Chalai, while Chief Economic Adviser V Anantha Nageswaran provides the vital macroeconomic foundation through his growth forecasts and risk assessments. Toobtainher, these officials have meticulously crafted the roadmap that Finance Minister Nirmala Sitharaman will present today, balancing the countest’s domestic growth necessarys with a complex global economic environment.
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