Budget And Industry

SEZ units get one-time domestic sales window in Budget amid 50% US tariffs

The Union Budget proposes a one-time measure allowing eligible SEZ manufacturing units to sell a portion of their output in the domestic market at concessional duty to offset US tariff shocks

FM proposes first-ever National Institute of Hospitality in Budget 2026

The Union Budget emphasised tourism through an institute upgrade, guide training, adventure and heritage initiatives, and lower TCS on overseas tour packages to boost competitiveness

Budget 2026 highlights: A look at key numbers announced by FM Sitharaman

From SME funding and services-led growth to tax tweaks and tourism, Nirmala Sitharaman's record ninth Budget signalled where public spending and policy are headed in FY27

Budget 2026: Govt raises infra spending by 8.8% to record ₹12.2 trillion

India has significantly raised infrastructure spending after the Covid-19 pandemic, aiming to boost economic growth and create more jobs in the world's most populous country

Budget 2026: Biopharma to medical tourism, push for healthcare value chain

Union Budget 2026 proposes measures across biopharma manufacturing, medical education, research, affordable drugs, AYUSH and medical tourism, signalling a deeper healthcare strategy

Budget proposes to set up dedicated REITs to recycle CPSE realty assets

Finance Minister Nirmala Sitharaman said CPSE assets will be recycled through Reits, a move experts say could expand investable real estate supply, deepen markets and provide liquidity

FM announces ₹10,000 cr container manufacturing scheme, 20 new waterways

New ship repair facilities for river vessels, coastal cargo promotion scheme also announced

FM announces ₹10,000 crore scheme to promote biopharma manufacturing

Finance Minister Nirmala Sitharaman announced Mission Biopharma Shakti in the Budget, a five-year ₹10,000 crore programme to build domestic capabilities in biologics, biosimilars and clinical research

Budget boosts electronics component scheme outlay to ₹40,000 crore

The Electronics Component Manufacturing Scheme has attracted investment commitments far exceeding its target, prompting the government to raise the scheme's outlay to ₹40,000 crore

Budget 2026: Govt to set up 5 medical tourism hubs, train 150K caregivers

Finance Minister Nirmala Sitharaman announced measures in the Union Budget 2026-27 to boost medical tourism, including support for five regional hubs in partnership with states and the private sector

From animation labs to hostels: Key education announcements in Budget 2026

Union Budget 2026 also announced a high-level standing committee to strengthen links between education, employment and enterprise, with a focus on services-led growth and future skill needs

Budget 2026: FM Sitharaman proposes ₹10,000 cr SME fund, mega textile parks

Finance Minister Nirmala Sitharaman on Sunday proposed to set up a Rs 10,000 crore fund to create champion small and medium enterprises (SMEs) to boost the economy. Presenting Union Budget 2026-27, she also proposed a scheme for container manufacturing to create globally competitive ecosystem. Also, mega textile parks with focus on value addition to technical textiles would be set up. The budget also proposed setting up mega textile parks with focus on value addition to technical textiles and an integrated textile programme with five sub-parts, she stated. The finance minister said India has the potential to emerge as a global hub for high-quality affordable sports goods. She also proposed Mahatma Gandhi Gram Swaraj initiative to strengthen Khadi handloom. Besides, there would be a scheme to revive 200 legacy industrial clusters.

Precious metal refiners seek duty parity to ease import disadvantage

The precious metal refining sector expects the government to address duty disparities that put domestic refiners at a disadvantage compared to imports through free trade agreements, MMTC-PAMP Managing Director and CEO Sami Guha said on Friday. "One of the expectations we've had as not just MMTC-PAMP, but as the whole precious metal refining sector has seen this disparity, which is there in duty, especially through the SEPA route between what we get as Dore versus what refined bullion is imported at," Guha said. The duty gap puts refiners at a significant disadvantage, though the government appears to be aware of the issue, he said. FTAs signed after the Single Euro Payments Area (SEPA) have excluded bullion, and the industry hopes future trade agreements follow the same approach by not including gold and silver in lower duty structures. To boost India's global standing in refining and increase the number of London Bullion Market Association-accredited refiners, the government needs

Budget 2026: PSU bank's officers union seeks tax relief on leased housing

Bank of Maharashtra officers' union has urged Centre to amend Section 17 and Rule 3 to exclude leased accommodation and concessional staff loans from perquisite taxation or align valuation with norms

FY27 Budget should support MSME exports, fund critical minerals: Deloitte

The FY27 Budget should look at measures like supporting MSMEs through export credit and concessional financing, as well as funding exploration of critical minerals to enhance trade resilience and reduce external vulnerabilities, Deloitte India has said. In its Budget expectation, Deloitte said that MSMEs account for 46 per cent of India's exports and are the second largest employer after agriculture. Easing financial and compliance pressures will help these enterprises navigate global volatility, sustain production and remain competitive in international markets. "Strengthening MSMEs will safeguard jobs and drive inclusive economic growth, boost rural incomes and support India's ambition to become a global manufacturing hub," it said. Deloitte suggested a comprehensive training to improve the last-mile competitiveness of MSMEs and reduce compliance burden through simplified digital processes. It also suggested that targeted export incentives or enhanced duty drawback be provided t

NATHEALTH urges hike in healthcare to 2.5% of GDP, tax sops for check-ups

Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups. In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage. The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement. In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks. New projects have long gestational periods requiring flexible mid-term ...

India industrial output numbers to released with a reduced lag, says govt

India's industrial output in February was its weakest since August 2024, hurt by slowing manufacturing and mining sector growth

Budget 2025 paves way for stronger workforce, growing economy: PM Modi

PM Modi emphasized that investments have been prioritized equally across infrastructure, industries, people, economy, and innovation

Shivraj hails 'Atmanirbhar Budget', highlights farmer benefit schemes

'On one side, there is provision for Pradhan Mantri Kisan Samman Nidhi and on other there are provisions to provide farmers with low cost fertiliser, urea, DAP', Agriculture minister added

Budget 2025: Govt to develop top 50 tourist spots, streamline e-visas

The land for building key infrastructure in these destinations will be provided by states