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Defence, education, railways, income tax & more: 10 big announcements in Union Budget 2026

Finance minister Nirmala Sitharaman NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday delivered a 1 hour 25 minute presentation of the Union Budget 2026-27, marking her record ninth consecutive budget. She made several major announcements covering income tax, defence, railways, MSMEs, healthcare, and more.The budget was hailed as “historic” by Prime Minister Narendra Modi,...

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No funds for Chabahar: Why Budget 2026 ignores Iran port

Representative image (AI-generated) The government on Sunday has allocated Rs 5,685.56 crore as grants-in-aid to foreign countries in the Union Budget 2026–27. Bhutan emerged as the largest beneficiary, while no funds have been set aside for the strategically important Chabahar Port project in Iran.The Ministry of External Affairs (MEA) has been allotted a total outlay...

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Budget 2026 gives a boost to mental healthcare: North India to get its own NIMHANS

NEW DELHI: Union finance minister Nirmala Sitharaman announced the plans to set up a new unit for the National Institute for Mental Health and Neuro Sciences in North India. Acknowledging the lack of mental health institutions in the region, she also announced the national mental health institutes in Jharkhand’s Ranchi and Assam’s Tezpur shall also...

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What Budget 2026-27 means for Indian IT industry: 8 Biggest announcements

Photo credit: PTI Union finance minister Nirmala Sitharaman today presented the Union Budget for the Financial Year (FY) 2026-27. The announcements includes significant measures for accelerating the growth of India’s Electronics and Information Technology Sector. In a major push to attract global data centre investments, the government has proposed a 20-year tax holiday for foreign...

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‘Blind to India’s real crises’: How Rahul Gandhi, oppn leaders reacted to the Union Budget

NEW DELHI: Finance minister Nirmala Sitharaman on Sunday presented the Union Budget for the financial year 2026-27 in the Lok Sabha during the ongoing Budget session of the Parliament, triggering a strong reaction from the opposition.While presenting her ninth consecutive Budget, the finance minister announced that the capital expenditure target will be increased to Rs...

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Budget 2026: Rare earths & Orange Economy – key takeaways and what they mean

<img src="https://static.toiimg.com/thumb/msid-127837639,imgsize-126012,width-400,resizemode-4/new-delhi-feb-01-ani-union-finance-minister-nirmala-sitharaman-shows-the-bud.jpg" alt="Union Budget 2026-27: Rare earths, semiconductors & Orange Economy – key takeaways" title=" Budget 2026-27 emphasised infrastructure growth, manufacturing boosts, fiscal prudence, and tax simplifications. ” decoding=”async” fetchpriority=”high”> Budget 2026-27 emphasised infrastructure growth, manufacturing boosts, fiscal prudence, and tax simplifications. Union Budget 2026-27, presented by finance minister Nirmala Sitharaman on Sunday, emphasised infrastructure...

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Dedicated rare earth corridors in TN, Kerala, would promote mining: CII

Industry body CII on Sunday (February 1, 2026) welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, Odisha stating it would help India’s leadership in rare earth magnets. The Union Budget 2026 proposal towards establishment of Rare Earth Corridors would help promote mining, processing, research and manufacturing...

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