New Delhi, Feb 6 (IANS) The Union Budget 2026–27 emphasises policy continuity, fiscal prudence, and investment-led growth.India’s macroeconomic fundamentals remain strong, with growth indicators robust and fiscal targets achieved with relative ease.As noted in the Economic Survey 2025–26, GDP growth for 2025–26 is estimated at 7.4 per cent, while growth for 2026–27 is projected at 6.8 to 7.2 per cent.Against this backdrop, the Budget seeks to sustain the current growth momentum while str…
Latest rare earth corridors News & Updates
Washington, Feb 4 (IANS) External Affairs Minister Dr S. Jaishankar on Wednesday said that India supports structured international cooperation to reduce risks in critical mineral supply chains, as the United States urged allies to work towards a coordinated trading framework.Addressing the Critical Minerals Ministerial in Washington, EAM Jaishamkar flagged the risks created by excessive concentration in global supply chains. He stressed the need to de-risk those chains through coordinated and st…
New Delhi, Feb 2 (IANS) The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India.The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors.”This year’s Budget has both predictable and futuristic elements. The predictable part is the basic stru…
New Delhi, Feb 1 (IANS) The sharp increase in capital expenditure to Rs 12.2 lakh crore, along with new freight corridors, national waterways and city economic region development, directly addresses industry’s concerns around infrastructure gaps and logistics costs, leading industry chamber Assocham said on Sunday.Calling the Union Budget 2026–27 as a forward-looking and reform-driven one that strengthens the foundations of India’s medium- to long-term economic growth, the chamber said it …
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman, while presenting her ninth straight Union Budget on Sunday, underscored the Centre’s ‘Purvodaya’ (Rise of East) initiative. The Budget 2026-27 proposes development of tourism destinations in five Purvodaya states, with the East Coast Industrial Corridor focusing on local culture, heritage, and natural attractions.She also announced the development of Buddhist circuits in Arunachal Pradesh, Sikkim, Assam, Manipur, Mizoram, and Tri…
Amaravati, Feb 1 (IANS) Andhra Pradesh Chief Minister Chandrababu Naidu has welcomed the Union Budget, terming it ‘well-balanced’ and ‘forward-looking’. He said that the Budget 2026-27, presented by Union Finance Minister Nirmala Sitharaman in the Parliament, reflects the aspirations of people for a fast-growing economy.Chandrababu Naidu, whose Telugu Desam Party (TDP) is a key partner in the BJP-led NDA government at the Centre, congratulated Prime Minister Narendra Modi and Finance Min…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday said that the Union Budget 2026-27 is designed to accelerate economic growth and create more jobs across sectors.Addressing journalists after the presentation of the budget, the Finance Minister said: “The Budget focuses on building an ecosystem with structural reforms to improve productivity and create an environment that ensures employment generation across sectors. It is designed to maintain growth momentum through sustaine…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday unveiled a significant initiative designed to reshape India’s engagement with critical minerals. During her budget presentation in the Lok Sabha, she announced that the government will extend support to the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing specialised rare earth corridors. These corridors are intended to serve as all-encompassing hubs that will cover the complete value cha…
New Delhi, Feb 1 (IANS) Union Road Transport & Highways Minister Nitin Gadkari on Sunday welcomed the infrastructure push in the Union Budget 2026-27, saying these initiatives reflect a vision that infrastructure is “an enabler of resilience, opportunity, and global competitiveness”.He said that these new announcements place infrastructure at the centre of India’s journey towards the resolution of a Viksit Bharat by 2047.Finance Minister Nirmala Sitharaman announced a powerful thrust on infr…
New Delhi, Feb 1 (IANS) Presenting the Budget for 2026-27 on Sunday, Union Finance Minister Nirmala Sitharaman proposed a dedicated freight corridor connecting Surat in Gujarat and Dankuni in West Bengal. The new freight corridor will establish a direct link between the two states, setting up new corridors for logistics and freight movement.The Finance Minister also proposed to operationalise 20 new national waterways over the next five years, to promote an environmentally sustainable route for …