Lucknow, Feb 11 (IANS) Uttar Pradesh Finance Minister Suresh Khanna on Wednesday presented a Rs 9,12,696.35 crore budget for the financial year 2026-27 in the Assembly, an increase of nearly 12.9 per cent over the previous year.The Budget includes new schemes worth Rs 43,565.33 crore.The government has placed special emphasis on capital expenditure, fiscal discipline, strengthening law and order, and expanding health and medical infrastructure.Capital expenditure has been pegged at 19.5 per cent…
Latest Budget News & Updates
New Delhi, Feb 11 (IANS) The Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Wednesday stated that India’s people are its biggest strengths and underscored the importance of protecting the nation’s vibrant database for standing along with global peers; however, he added that the Union Budget has nothing substantial to protect them. Gandhi, while speaking on the Union Budget in the Lower House, highlighted three points as the cornerstone of a strong nation — Artificial Intelligence (…
New Delhi, Feb 10 (IANS) Overall vehicle retail market in India grew 17.61 per cent (year‑on‑year) with sales of 27,22,558 units in January, driven by strong demand in two‑wheelers and passenger vehicles, industry body Federation of Automobile Dealers Associations (FADA) said on Tuesday.Passenger vehicle (PV) retail rose 7.22 per cent to 5,13,475 units in January, with urban markets accounting for about 59.2 per cent of sales volumes, the statement from FADA said.Rural PV retail grew 14.43…
Mumbai, Feb 5 (IANS) Investors should maintain a balanced investment approach in 2026, positioning large caps or hybrids as the core allocation, complemented by staggered, selective exposure to mid and small caps, a report said on Thursday.The report from Motilal Oswal Private Wealth recommended this approach due to “improving fundamentals and macro conditions across India’s equity markets.”India’s relative valuation standing has strengthened after a consolidation‑led 2025, “supported by i…
New Delhi, Feb 2 (IANS) Finance Minister Nirmala Sitharaman said on Monday that the customs duty changes announced in the Budget for 2026-27 are part of the Indian government’s ongoing economic reforms to rationalise tariffs and are not linked in any way to the policy decisions of the US.”We have changed customs duties, and we have been making customs duty changes in every Budget for a while now, and we have continued the same in this Budget as well,” she pointed out.The Finance Minister maintai…
New Delhi, Feb 2 (IANS) Affordable drugs, vaccines and diagnostics, supported by domestic biomanufacturing, would be a major social and economic support, especially for the middle class and vulnerable sections, said Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Monday.Addressing the media in a post-Budget interaction, the minister said it may take time to be fully appreciated, but the Budget reflects a clear, sequential vision where structura…
New Delhi, Feb 2 (IANS) Finance Minister Nirmala Sitharaman on Monday said that the government is set to introduce the Insolvency and Bankruptcy Code (IBC) Amendment Bill in the second half of the Budget session, beginning March 9.Addressing a press briefing, a day after presenting the historic reform-oriented Budget 2026-27, she said that the pace and direction of disinvestment should set the tone for revenue generation in the coming years.”Going forward, there will be a lot more divestment. Sp…
Mumbai, Feb 2 (IANS) Lower revenue as a share of GDP has been more than offset by cuts to subsidies and spending on current schemes, leading to the smallest fiscal consolidation in six years, likely positive for growth, a new report has said.The fiscal consolidation for FY27 is the slowest in six years. And the budgeted disinvestment, which is a below-the-line funding item, is likely to see the highest rise in six years, the report from HSBC Global Investment Research said.”The central governmen…
Bhubaneswar, Feb 1 (IANS) Odisha Pradesh Congress Committee (OPCC) President Bhakta Charan Das on Sunday strongly criticised the Union Budget for the 2026–27 financial year, presented in Parliament, describing it as ‘anti-people’ and ‘directionless’. Speaking to media persons, Das also alleged that the Union Budget tabled in Parliament by Finance Minister Nirmala Sitharaman primarily benefits a “handful of industrialists” while neglecting the needs of farmers, women, youth, the poo…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday said that the government would set up a high-powered ‘Education to Employment and Enterprise’ Standing Committee to recommend measures that focus on the services sector as a core driver of Viksit Bharat as part of the proposals in the Budget for 2026-27.This will make India a global leader in services, with a 10 per cent global share by 2047. The Committee will prioritise areas to optimise the potential for growth, employment …