The Union Cabinet headed by Prime Minister Narendra Modi on Sunday approved the Union Budget 2026-27.
Infographics break down the key numbers and decisions, making it quick and easy to understand what the Budget means for the economy.
rediffGURUS Mihir Tanna, Vipul Bhavsar, T S Khurana, Vivek Lala and Anil Rego will answer your tax queries related to the Union Budget 2026-2o27.
The Finance Ministry is set to commence its pre-budget meetings on October 12, initiating preparations for the Union Budget 2027-28, which will be the fourth budget of the Modi 3.0 government and the tenth for Finance Minister Nirmala Sitharaman.
The Union Budget allocates Rs 1,492 crore for the functioning of both Houses of Parliament, with specific provisions for Lok Sabha, Rajya Sabha, and related secretariats.
Finance Minister Nirmala Sitharaman stated that the Reserve Bank of India (RBI) will persist in its efforts to prevent excessive volatility in the rupee, which has significantly depreciated against the US dollar due to global uncertainties, despite India's strong macro-economic fundamentals.
The Centre has spent 28 per cent of its FY27 capital expenditure budget of Rs 12.21 trillion in the first three months against around 24.5 per cent during the corresponding period a year ago.
Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.
The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the full Budget for 2024-25, sources said.
The Budget session of Parliament will be held from January 28 to April 2, featuring the President's address, the Economic Survey, and the presentation of the general Budget.
This is the second Budget of the BJP-led NDA government in its third term in office.
The Union Cabinet has approved the Khelo India Sports Goods Manufacturing Scheme with an outlay of Rs 1,856.67 crore for 2026-2033-34. This initiative aims to strengthen India's position in the global sports goods sector through dedicated manufacturing zones, research, skill development, and market expansion, fostering self-reliance and creating employment opportunities.
Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.3% of GDP for FY27, continuing the path of fiscal consolidation. The government aims to reduce the debt-to-GDP ratio to 55.6% by BE 2026-27 and further to around 50% by March 2031.
Finance Minister Nirmala Sitharaman will present her 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class. Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which had been in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth.
Finance Minister Nirmala Sitharaman on Tuesday presented the Budget for 2024-25, her 7th straight presentation surpassing the record of former prime minister Morarji Desai. This is the first Budget during Prime Minister Narendra Modi-led government's third term in office.
Railway Minister Ashwini Vaishnaw announced the approval of the north corridor of the bullet train project by Prime Minister Narendra Modi, highlighting its 'Make in India' aspect and potential to transform lives. The corridor will connect major cities from Delhi to Guwahati, significantly reducing travel times. Vaishnaw also launched new Vande Bharat Sleeper Express and MEMU services in Varanasi, while criticising previous governments' railway budgets for Uttar Pradesh.
The Union finance ministry has constituted a high-level committee, chaired by former Central Vigilance Commissioner Suresh N Patel, to recommend structural, regulatory, and legislative reforms for India's banking sector, aiming to make banks globally competitive and support the financing needs of a developed economy.
Finance Minister Nirmala Sitharaman on February 1 will present a record eighth consecutive budget that is expected to contain measures to shore up weakening economic growth and ease the burden on the middle class struggling with high prices and stagnant wage growth while being fiscally prudent.
'The restrictive monetary limits under FAST-DS may prevent a significant number of taxpayers from regularising their undisclosed foreign assets.'
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
Nirmala Sitharaman presents the National Democratic Alliance government's budget amid high hopes and expectations from across the spectrum of society -- from farmers to industralist. Will the Budget fulfill the expectations of all?
Two-time Olympic medallist Neeraj Chopra is set to resume training and rehabilitation after his ankle injury, which forced him to miss the Asian Games, has significantly improved. He also commented on the new Khelo India Sports Goods Manufacturing Scheme and wished luck to Youth Olympic Games participants.
The IDBI Bank stake sale could generate over Rs 26,500 crore, helping the government surpass its annual divestment target, notes A K Bhattacharya.
Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government today.
India's indigenous NavIC regional navigation system has been significantly bolstered by ISRO's successful launch of the NVS-03 satellite.
Choose a car loan that fits your budget, keeps EMIs manageable and saves you money on interest, not just one with attractive festive offers.
Jammu and Kashmir Chief Minister Omar Abdullah announced a cabinet expansion and reshuffle for early next week, urging party members not to lobby for positions as the list is finalised. He also discussed various issues with Lieutenant Governor Manoj Sinha, including the LG's health, the National Dental Commission Act, and the plight of Kashmiri pilgrims stranded in Saudi Arabia due to flight cancellations and high airfares. Abdullah also declined to comment on LAC patrolling, stating it's outside J&K's purview post-Ladakh's separation.
The Opposition on Tuesday termed the Union Budget as a 'kursi bachao budget' driven by political compulsions and claimed that it ignored opposition-ruled states in a bid to 'appease' Bharatiya Janata Party's allies.
The Haryana Congress has strongly criticised the BJP government's two-year tenure in the state, alleging widespread misgovernance, unfulfilled election promises, a surge in crime, and rampant corruption. Senior Congress leaders, including Bhupinder Singh Hooda and Kumari Selja, highlighted issues faced by farmers, traders, and youth, demanding accountability and a white paper on the government's performance.
NITI Aayog has called for a fundamental overhaul of urban governance in India, advocating for empowered city governments, directly elected mayors with five-year terms, and greater financial autonomy for urban local bodies to manage the country's rapidly growing urban population.
Union Finance Minister Nirmala Sitharaman called upon 'Gen Z' and 'Gen Alpha' to assume leadership, prioritise the nation, and contribute to its growth, rather than questioning what the country has done for them.
Watch as Nirmala Sitharaman unveils India's economic roadmap for the next fiscal year and beyond.
Multiple borrowings and weak cash flows are causing repayment delays among gold loan borrowers.
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.
The Central Board of Indirect Taxes and Customs (CBIC) is set to significantly increase its use of artificial intelligence (AI), machine learning (ML), and real-time analytics in Customs processes, aiming for a near-touchless, near-digital clearance experience, according to Chairman Vivek Chaturvedi.
The scenes are same; placards, viral videos, riot, police but the grievances could hardly be more different, notes Abhay Jere, ex-Vice Chairman, AICTE.
Will Finance Minister Arun Jaitley live up to the expectations of India Inc and individual taxpayers? Watch all the action here live from Parliament.
The health sector has been allocated Rs 89,155 crore in the Union Budget 2023-24, a hike of around 13 per cent over Rs 79,145 crore allocated in 2022-23, with the government also announcing a mission to eliminate sickle cell anaemia by 2047.
Union Minister Bandi Sanjay Kumar announced India's ambitious plan to rank among the top 10 sporting nations by 2036 and top five by 2047. He highlighted the central government's commitment to sports development through initiatives like Khelo India, increased budget allocation, and a special fund for sports equipment and technology, emphasising sports as a tool for nation-building and youth empowerment.
