Jammu, Feb 1 (IANS) Jammu and Kashmir Lt Governor Manoj Sinha on Sunday hailed the Union Budget 2026-27, saying that it charts a path to a $5 trillion economy milestone within a few years, and added that the budget also takes the initiative to generate fresh employment opportunities and invigorate the tourism industry with renewed vigour.L-G Manoj Sinha hailed the Budget 2026-27 as pragmatic, which he said will prioritise economic acceleration, create future-ready infrastructure, sustain growth …
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Bengaluru, Feb 2 (IANS) Welcoming the Union Budget for 2026–27, the Bharatiya Janata Party’s Karnataka unit on Sunday described it as historic and said it ensures the comprehensive development of the country.The party welcomed announcements such as the railway station corridor for the state, bullet train connectivity to Bengaluru, and a special project to revive the glory of the sandalwood sector. It also welcomed special projects for coconut and cocoa farm products, which are expected to bene…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman announced a dedicated Rs 10,000 crore SME (small and medium enterprises) Growth Fund, to create future champions by incentivising enterprises based on select criteria as part of the Budget 2026-27 proposals presented in the Parliament on Sunday.She also proposed to top up the Self-Reliant India Fund set up in 2021, with Rs 2,000 crore to continue support to micro enterprises and maintain their access to risk capital.”The Government led …
New Delhi, Feb 1 (IANS) The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman on Sunday, reflects the government’s vision of accelerating growth, strengthening resilience, and ensuring inclusive development. It builds on over a decade of steady economic progress, combining reforms with targeted investments to boost manufacturing, infrastructure, energy security, and social welfare.With record public capital expenditure, support for strategic sectors like semiconductors, bi…
Guwahati, Feb 1 (IANS) The Federation of Industry and Commerce of the North Eastern Region (FINER) on Sunday expressed satisfaction with the Union Budget 2026-27, terming it a well-balanced and growth-oriented budget that addresses the needs of industry while maintaining fiscal discipline.The FINER, the key industrial body of the Northeast region, welcomed the government’s emphasis on reform over rhetoric and said the fiscal consolidation glide path has been maintained as targeted.It particula…
New Delhi, Feb 1 (IANS) The Confederation of Indian Industry (CII) on Sunday said the Union Budget 2026-27, with its next‑generation reforms, builds confidence, and its thrust on public capital expenditure will enhance private investment.CII welcomed the continued focus on fiscal prudence, noting that the fiscal deficit target of 4.3 per cent of GDP for FY27 reinforces confidence in India’s macroeconomic management.”There is broad recognition on fiscal discipline, including adherence to the …
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday projected a further reduction in the fiscal deficit to 4.3 per cent of GDP for 2026-27 as the government continues on the path of fiscal consolidation to ensure economic growth with stability.Presenting the Budget 2026-27, she said that the government had fulfilled its commitment to reduce the fiscal deficit to 4.4 per cent in the Budget for 2025-26 and would now reduce it further to 4.3 per cent as it continues on the fiscal …
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday shared three ‘Kartavyas’ (duties) to not only accelerate the economy but also empower the poor, underprivileged, and the disadvantaged.Sitharaman said that to deliver on the government’s ‘sankalp’ (resolve) and given that this is the first budget prepared in Kartavya Bhavan, “we are inspired by three Kartavyas”.”The first Kartavya is to accelerate and sustain economic growth by enhancing productivity and competitiveness and bu…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a capital expenditure of Rs 12.2 lakh crore in the Budget for 2026-27, to boost big-ticket infrastructure projects for growth and jobs in the economy.Presenting the Budget, the Finance Minister said that an Infrastructure Risk Development Fund would be set up to accelerate the development of big projects.She said to push economic growth, the Budget proposes to deliver a powerful push to infrastructure, including high…
New Delhi, Feb 1 (IANS) As Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026-27 in Parliament on Sunday, political leaders from across states have expressed optimism that the budget will prioritise farmers, women and other sections of society, while also giving fresh momentum to Prime Minister Narendra Modi’s vision of a Viksit Bharat.Uttar Pradesh Deputy Chief Minister Brajesh Pathak, speaking to reporters, said, “The Union Budget is being presented in Parliament today…