Union Budget 2026 Coverage
Live Coverage • 1 Feb 2026
Union Budget 2026 - In-Depth Analysis & Key Policy Changes
🚀 Strategic Solutions for Post-Budget Compliance
Budget Updates
The government announces exemption from basic customs duty on civilian aircraft training equipment and select aviation-related components to support skill development and sector growth.
Finance Minister proposes key changes to duty-free import schemes, including extended timelines for exports and simplified compliance requirements.
Securities Transaction Tax on futures contracts has been raised to 0.05%, up from the earlier rate of 0.02%, as part of the budget proposals.
The government proposes allowing taxpayers to revise returns until March 31 by paying a nominal fee, providing additional compliance flexibility.
Finance Minister announces a long-term tax holiday extending until 2047 for foreign cloud service providers that establish and operate data centres within India.
Finance Minister announces a sharp cut in Tax Collected at Source on overseas tour packages, bringing the rate down to 2% to ease the burden on travellers.
The government pegs India’s fiscal deficit at 4.3% of GDP for FY27, reaffirming its commitment to medium-term fiscal consolidation.
India Electronics Components Manufacturing Plan announced with ₹400 Billion outlay to strengthen domestic electronics ecosystem.
Dedicated Rare Earth Corridors to be established in mineral-rich states for strategic mineral development and value addition.
Persons of Indian Origin now permitted to invest in equity instruments and listed firms, expanding investment opportunities for diaspora.
FM proposes ₹100 crore incentive for municipal corporations issuing single bonds worth over ₹1,000 crore to boost urban financing.
Government announces major push for infrastructure development in Tier II and Tier III cities to drive balanced regional growth.
FM allocates ₹20,000 crore outlay for Carbon Capture, Utilization and Storage (CCUS) technologies to support green transition.
Three-pronged approach unveiled to help MSMEs scale up and emerge as champions.
New standing committee proposed to bridge the gap between academic learning and industry needs.
Comprehensive interventions announced to connect education with employment opportunities.
Three new All India Institute of Ayurveda proposed to strengthen traditional healthcare.
Government commits to establishing one girls' hostel in every district.
Comprehensive restructuring of PFC and REC announced.
Seven high-speed connectivity corridors announced.
Biopharma SHAKTI scheme announced along with strategic manufacturing programs.
ISM 2.0 announced to boost domestic semiconductor manufacturing.
Record public capital expenditure announced for FY27.
End of Live Updates
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