Budget

In its maiden budget and subsequent debates for grants for departments in the state Assembly, the Chief Minister C Joseph Vijay-TVK government has rolled out a series of announcements committing a massive Rs 79,219.06 crore from the state exchequer in a landmark legislative push. Coming amidst fierce criticism from political parties that the fiscal trajectory will cause severe strain on the economy, the government has also reiterated its commitment for fiscal prudence. It has formed a panel under veteran economist Montek Singh Ahluwalia to shore up an additional Rs 15,000 crore this year, amid concerns of an increasing debt burden. Much of the 17 mega-announcements across departments made under Rule 110 in the Assembly during the 28-day budget session, which concluded on September 8, includes a transformative vision to modernise state infrastructure, secure energy independence, and deliver comprehensive agrarian relief. The announcements are-- power sector/power transmission ...

The Finance Ministry will begin the exercise to prepare the Union Budget for 2027-28 from October 12 amid heightened global uncertainties and rising food and fuel prices. The Budget for the next financial year is expected to focus on the reform continuation exercise to further accelerate economic growth, along with measures to create jobs and boost domestic demand. "Pre-budget meetings chaired by Secretary (Expenditure) shall commence from October 12, 2026. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 6, 2026," Budget circular 2027-28 issued by the Department of Economic Affairs said. Hard copies of the data in the specified formats should be submitted for cross-verification, it said. It will be the fourth budget of the Modi 3.0 government and the 10th straight Budget for Finance Minister Nirmala Sitharaman, a rare distinction in Indian polity. The circular further said that pre-bud

While the complete report was not available at the time of publishing, the panel's recommendations in its statement focused on enhancing bus transport in the country

Tamil Nadu's first TVK Budget sets aside over ₹1,000 crore for gold gifts and livestock schemes for women and vulnerable groups, while promising to balance welfare spending with fiscal discipline

The Vijay-led Tamilaga Vettri Kazhagam government unveiled a welfare-focused maiden Budget with allocations for poll promises, an AI city and farm loan waivers, while retaining fiscal discipline.

The Supplementary Budget allocates higher spending for industrial development, agriculture, energy and infrastructure, taking Uttar Pradesh's total FY27 Budget to over ₹9.71 trillion

The Assam government on Friday presented a Rs 2,85,084 cr Budget for the 2026-27 financial year and proposed to raise the tax exemption limit for small tea growers by four times and cut VAT on piped natural gas by almost 10 percentage points. Presenting his maiden Budget, Assam Finance Minister Jayanta Malla Baruah also announced to continue all the major schemes rolled out during the last five years, while stating that he aims to cut Budget deficit to Rs 419 crore. "The Budget estimates of financial year 2026-27 show a receipt of Rs 1,51,843.23 crore under the consolidated fund of the state... After adding the receipt of Rs 1,34,466.22 crore under public account and Rs 2,000 crore under contingency fund, the aggregate receipts amount to Rs 2,88,309.45 crore," he added. As against this, the total expenditure from the consolidated fund in the 2026-27 fiscal is estimated at Rs 1,56,714.88 crore, Baruah said. He further said that taking into account the expenditure of Rs 1,26,369.57 .

Kerala Chief Minister V D Satheesan on Friday announced a series of tax relief measures, amnesty schemes and revisions to vehicle taxes while presenting the revised state Budget in the Assembly, saying the steps are aimed at easing the burden on taxpayers, supporting businesses and improving revenue mobilisation. The revised Budget estimates for 2026-27 project revenue receipts of Rs 1,69,646.37 crore against revenue expenditure of Rs 2,05,001.67 crore, resulting in a revenue deficit of Rs 35,355.30 crore. The Budget estimates capital expenditure (Net) at Rs 19,651.41 crore, public debt (Net) at Rs 52,364.13 crore, and an overall deficit of Rs 41.23 crore. The government has also announced additional expenditure of Rs 1,080.95 crore, taking the cumulative deficit at the end of the year to Rs 1,504.63 crore. One of the key tax relief announcements was the Flood Cess Arrears Settlement Scheme, 2026. The chief minister, who holds finance portfolio, noted that although the one per cent

The government is wary of increasing borrowing beyond budgeted levels because additional debt issuance could push bond yields higher, officials familiar with the matter said

Are the new or revised schemes costed properly? If not, what will it do to the Budget figures?

West Asia conflict may disrupt Budget 2026-27 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock

Prolonged fuel duty cuts could derail FY27 excise projections, with petroleum taxes - a key revenue pillar - facing a potential ₹1.32 trillion hit

Delhi's FY27 Budget raises capital outlay and green spending, but capex remains below 1 per cent of GSDP, even as revenue surplus strengthens and fiscal deficit stays within limits

Delhi retains revenue surplus in FY27 Budget, but low capital outlay and shifting spending priorities raise questions on long-term growth

Despite higher outlay, MEA's share in Budget remains low, raising concerns over funding gaps as India expands its global diplomatic footprint

India's public spending on health remains around 1.8 per cent of gross domestic product, which is significantly lower than the National Health Policy target of 2.5 per cent

Chief Minister Rekha Gupta on Tuesday announced the framing of a semiconductor policy, setting up of AI excellence centres, the training of 12,000 MSMEs, and a slew of other measures in the budget for 2026-27 to develop the national capital into a production-driven, growth-oriented, futuristic economy. Presenting the budget in the Assembly, the chief minister said that under the leadership of Prime Minister Narendra Modi, her government wished to develop a semiconductor manufacturing, research and development ecosystem in Delhi. "We will come up with a semiconductor policy to develop a better infrastructure and encourage semiconductor manufacturers to set up units here," she said. A fund of Rs 1 crore for the purpose was set aside in the budget. She also announced the formulation of a drone policy, allocating Rs 1 crore as a fund to attract investments and support startups and manufacturing. Further, the budget allocated Rs 8.20 crore for setting up two artificial intelligence cent

Around 43 per cent of Rs 300 crore allocated under Pollution Control and Emergency Measures in the Delhi budget for 2025-26 has been utilised till January 20, 2026, according to an RTI reply. In response to an Right to Information (RTI) application filed by PTI, the environment department of Delhi government stated that Rs 129.83 crore has been spent under Pollution Control and Emergency Measures during the period. The expenditure was largely on short-term air pollution mitigation measures carried with funds disbursed to the Public Works Department by the environment department. According to the response, Rs 23.37 crore was spent on installation of mist spray systems on electric poles and central verges along road stretches in Delhi. Around Rs 58.83 crore was used for hiring 200 truck-mounted anti-smog guns, and Rs 47.12 crore was spent on another batch of 200 truck-mounted anti-smog guns hired in 2024-25. Additionally, the environment department was allotted Rs 506 crore for FY .

Announced in the Union Budget 2026-27, the SHE Mart initiative aims to empower rural women by establishing community-owned retail outlets managed by women SHGs

The Jharkhand government on Tuesday tabled in the assembly a Rs 1.58 lakh crore budget for the 2026-27 fiscal, and announced a scheme for women engaged in agricultural activities. The JMM-led government had in 2025-26 presented a Rs 1.45 lakh crore budget. "I lay on the table of the House a budget of Rs 1,58,560 crore for the 2026-27 financial year," Finance Minister Radhakrishna Kishore said in the assembly. The budget will meet the aspirations of every section of society, including the poor, farmers, tribals and women, Kishore asserted. "'Abua Dishom' (our own) budget will bring a smile on the faces of Jharkhand citizens and wipe tears of the poor... The 'Mahila Khushhali Yojna' for women farmers is being introduced. We have allocated Rs 25 crore for it," he said. Besides, 100 new CM schools of excellence will be opened in the next fiscal, he said. "Jharkhand is bestowed with rich mineral resources, religious places like Baba Baidyanath temple in Deoghar and the Rajrappa temple