Budget 2026 News

Ringing in a new era in the Union Budget season of records and firsts

As FM Nirmala Sitharaman presents her ninth straight Budget, the finance ministry marks a new era-shifting the historic exercise from North Block to the modern Kartavya Bhawan

Budget 2026 should boost private investment, ensure tax clarity: EY India

EY India says Union Budget 2026 should focus on tax certainty, private investment and sector reforms to support growth amid global uncertainty

Sports infra may see major Budget push as India eyes hosting Olympics

The government may announce a long-term sports infrastructure plan in Budget 2026-27 as India prepares to host the 2030 Commonwealth Games and plans a bid for the 2036 Olympics

Deloitte suggests import duty rationalisation in Budget to boost exports

The consulting firm said that to give a sustained boost to India's exports, the Union Budget should build on the government's ongoing efforts to strengthen domestic manufacturing

Renewable energy industry seeks sops for green finance in FY27 Budget

The industry has also asked for measures to ramp up transmission infrastructure and long-term green finance

FACSI urges govt to ease GST, credit norms for MSEs in upcoming Budget

FACSI president H K Guha said the recommendations were framed after consultations with various associations of entrepreneurs and MSE groups across the country

Union Budget 2026-27 to be presented on Sunday, Feb 1: Lok Sabha Speaker

The Budget session will start on January 28 and continue until April 2 in two phases. The first phase ends on February 13, with Parliament reconvening on March 9

Budget 2026-27: CII wants Centre to fast-track PSE privatisation

Ahead of the Union Budget 2026-27, CII has urged the Centre to adopt a demand-based, three-year privatisation pipeline for public sector enterprises to unlock nearly Rs 10 trillion of value

Budget 2026: Experts ask govt to not up income tax surcharge on super rich

Those earning above Rs 5 crore and are in the new income tax regime pay a 25 per cent surcharge, while those under the old tax regime pay a surcharge at a 37 per cent rate

Micro fertiliser industry seeks uniform 5% GST ahead of upcoming Budget

The association has called for a "clear and time-bound mechanism" for quick refund of excess GST credits, especially for sectors operating under price-sensitive and regulated regimes like fertilisers

Pre-Budget meet: States push for equitable funds, higher deficit limits

The Telangana government has appealed to the Centre to enhance the fiscal deficit target to at least four per cent of the GSDP from the ideal levels of around 3.5 per cent

Karnataka flags shrinking fiscal space, seeks relief in Union Budget

Karnataka urges Centre to address shrinking fiscal space in Budget 2026-27, citing GST shortfalls, social commitments, VB-G RAM G scheme, and pending central aid for projects and welfare

Budget: Tax experts seek clarity on employment deductions available to biz

Ahead of Budget FY27, tax experts seek clarity on Section 80JJAA as ambiguities over employee cost deductions trigger scrutiny and risk disputes for companies

Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation

The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST

Budget 2026-27: Health sector seeks tax relief, rationalised rates

Ahead of Budget 2026-27, healthcare, medtech and pharma firms seek tax relief, higher R&D incentives and stronger support for preventive care and domestic manufacturing

Assocham seeks incentives for hydrogen-based steelmaking in FY27 Budget

Assocham believes the upcoming Union Budget offers a vital opportunity to position India as a global manufacturing hub for steel and value-added products under the 'Make in India' initiative

FY27 Budget presentation likely on Feb 1, Economic Survey on Jan 29

Govt is yet to formally announce the dates

Budget 2026: Rice exporters seek tax relief, credit and freight support

The Indian Rice Exporter's Federation has urged the Centre to provide a 4% interest subvention on export credit, 3% road and rail freight support, and ensure timely disbursal of duty remission schemes

Govt may relax transfer-pricing regime, make eligibility rules flexible

Move aimed at making safe-harbour rules more attractive and practical

Anticipate govt to go for 10% capex growth in upcoming Budget: L&T CFO

Amid concerns about sagging private capital expenditure growth, CFO said that he does not fear a "crowding out" of resources because of the high spending by the state