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Both Houses of Parliament are scheduled to begin discussion on the Union Budget 2026-27 on Monday, which was presented by Finance Minister Nirmala Sitharaman on February 1.FM Sitharaman presented the Union Budget 2026-27 in Lok Sabha, for the ninth consecutive time. Asserting that the Budget is driven by "Yuvashakti" and based on "three kartavyas," she proposed seven high-speed rail corridors, new dedicated freight corridors, and the operationalisation of 20 national waterways over the next five years.The Centre also announced an increase in the Securities Transaction Tax (STT) on futures and options (F & O) to discourage speculative trading.While the NDA has welcomed the Budget, the Opposition alleged an exclusion of the marginalised communities. The Secular Progressive Alliance, led by the DMK in Tamil Nadu, has called a protest against the Budget on February 12.While the Houses are scheduled for general discussion on the Budget, the Opposition MPs are likely to demand a ...
The key focus of the government's Rs 12.2 lakh crore capex for the next fiscal will be mainly on sectors like shipbuilding, national highways, railways, and metro train projects, Expenditure Secretary V Vualnam said. The government has budgeted total expenditure in 2026-27 at over Rs 53.47 lakh crore, of which about Rs 12.22 lakh crore is projected to be the capital expenditure, meaning it would be spent on building physical infrastructure. In a post-Budget interview to PTI, Vualnam said the sectors, which have huge ongoing and new projects, like the national highways, railways, and the urban sector, to the extent of metro train projects, will continue to dominate the government public capex spending in the next fiscal. "Shipbuilding has become an infrastructure sector, and will also now be a big player. We are very keen to improve our share in shipbuilding (globally). Of India's import-export cargo, just about 5 per cent goes on India-owned ships. About Rs 6 lakh crore (annually) i