NIFTY
02-Feb-2026 [15:59]
budget 2025
"

live tv

Market Update


LIVE BUDGET 2026 Read all updates

  • 01-02-2026 12:31

    FM Nirmala Sitharaman Says Budget offers tax holiday to foreign cloud service firms using India data centres until 2047.

  • 01-02-2026 12:26

    Safe Harbour Margin Of 15.5% Applicable All IT Services

  • 01-02-2026 12:26

    Basic Customs Duty Exemption For Specified Parts Uses In Manufacture Of Microwave Ovens

  • 01-02-2026 12:26

    Reduce BCD For Components & Parts Used In Manufacturing Of Civilian Aircraft

  • 01-02-2026 12:26

    To Deduct TDS On Sale Of Immovable Properties by Non-residents

  • 01-02-2026 12:24

    Union Budget 2026 Updates: Budget proposes to rationalise definition of accountants for safe harbour rules to promote home-grown accounting firms.

  • 01-02-2026 12:24

    Basic Customs Duty Exemption For Specified Parts Uses In Manufacture Of Microwave Ovens

  • 01-02-2026 12:24

    Reduce BCD For Components & Parts Used In Manufacturing Of Civilian Aircraft

  • 01-02-2026 12:23

    FM Nirmala Sitharaman Says Centre proposes joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards.

  • 01-02-2026 12:23

    Propose Custom Duty Exemption On 17 Drugs Related To Cancer

  • 01-02-2026 12:20

    FM Nirmala Sitharaman Says National Destination Digital Knowledge Grid will be established to digitally document all places of significance

  • 01-02-2026 12:19

    FM Nirmala Sitharaman Says MAT to be made final tax; rate reduced to 14%, from current 15%.

  • 01-02-2026 12:18

    India responds with strategic trade measures to counter Trump’s tariff push

  • 01-02-2026 12:18

    FM Nirmala Sitharaman Says Centre extends deduction for cooperative members who supply cotton seeds and cattle feed.

  • 01-02-2026 12:17

    Major push announced for the IT sector

  • 01-02-2026 12:17

    FM Nirmala Sitharaman Says tax holiday till 2047 to foreign companies that provide cloud services to customers globally by using data centres in India.

  • 01-02-2026 12:16

    TO RAISE STT ON FUTURES TO 0.05%

  • 01-02-2026 12:16

    TO RAISE STT ON FUTURES TO 0.05% FROM 0.02%

  • 01-02-2026 12:16

    Nirmala Sitharaman Says exemptions of 3 years for dividend income received by notified cooperatives on investments made up to Jan 31, 2026.

  • 01-02-2026 12:15

    Big tax tweaks with more time and less rush

expert views

key announcements

Market Indices



index price chg%

The Turning Point: Budget 2026

INFOGRAPHICS

sectoral Expectations

  • Agriculture
  • Aviation
  • Defence
  • Education
  • Energy
  • Real Estate
  • Insurance
  • IT
  • Healthcare
  • Banking
  • Income Tax
  • Manufacturing
  • Infrastructure
  • MSME
  • Tourism
  • Shipping

Budget Expectation

opinion

Team India: Budget 2026

nirmala sitaraman
(finance minister)
The process of formulating the Union Budget is orchestrated by senior bureaucrats from the Prime Minister's Office (PMO) and the Finance Ministry. This intricate process begins with a significant ritual at North Block, the iconic building in New Delhi that houses the Finance Ministry. Known as the 'halwa' ceremony, it ceremonially marks the commencement of the Union Budget's compilation and printing, signaling the final stages of its preparation. During the printing phase, officials immerse themselves in their work within the confines of North Block, maintaining limited communication even with their families, given the document's sensitivity as one of India’s most closely guarded secrets. The Finance Ministry dedicates a floor for the overnight stays of key team members involved in this critical task. The groundwork for the budget starts approximately six months before its presentation, involving consultations with industry leaders, social sector analysts, economists, and other stakeholders. This collaborative effort spans across various ministries and departments within the Finance Ministry. Key figures in this process include Sanjay Malhotra, the Revenue Secretary; Ajay Seth, Secretary of the Department of Economic Affairs; Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management; Vivek Joshi, Secretary of the Department of Financial Services; TV Somanathan, Finance Secretary; and V Anantha Nageswaran, the Chief Economic Advisor. Driving the budget formulation are pivotal individuals such as TV Somanathan, who serves as the link between the Finance Ministry and the PMO. His role has been instrumental in shaping policies to mitigate the pandemic's impact and in overseeing substantial capital expenditure initiatives amounting to Rs 10 lakh crore for FY24. Somanathan, previously an Additional Secretary at the PMO, brings a wealth of experience to his current responsibilities. PK Mishra, a cabinet-ranking bureaucrat and Principal Secretary to the PM, holds a pivotal position overseeing crucial policy matters across ministries, acting as the PM's key advisor. Overall, the drafting of the Union Budget stands as a testament to rigorous planning, meticulous execution, and strategic collaboration among India's top bureaucratic and ministerial echelons.
M. Nagaraju
(finance secretary)
M. Nagaraju, a 1993-batch IAS officer of the Karnataka cadre, has built a distinguished career across state and central administration, rising to become India’s Financial Services Secretary. After clearing the UPSC and joining the IAS, he spent his early career handling district administration, rural development, and welfare programs, which strengthened his governance foundation. Over the next two decades, he took on increasingly strategic roles in Karnataka and later in the Government of India—working across sectors such as energy, infrastructure, and administrative reforms, and earning a reputation for strong policy execution and digital transformation initiatives. His leadership in national-level programs eventually led to his appointment as the Secretary of the Department of Financial Services, where he now oversees public sector banks, insurance reforms, fintech growth, and financial inclusion efforts. As part of the core Budget 2026 team, he plays a crucial role in shaping India’s financial stability by providing key inputs on banking health, credit growth, digital finance, and reforms aligned with the nation’s economic goals.
Arunish Chawla
(DIPAM secretary)
Arunish Chawla, a senior IAS officer and the Secretary of the Department of Investment and Public Asset Management (DIPAM), plays a key role in managing India’s government-owned assets and shaping the country’s disinvestment strategy. A highly experienced administrator, he has served the Government of India in multiple strategic roles across finance, economic policy, and governance before taking charge of DIPAM. Under his leadership, DIPAM oversees the disinvestment of public sector enterprises, strategic sale proposals, listing of government-owned companies, and asset monetisation programs aimed at generating non-tax revenue and improving public sector efficiency. He works closely with the Finance Ministry to ensure that disinvestment targets are aligned with fiscal goals and contribute to national economic growth. As a core member of the Budget 2026 team, Arunish Chawla provides essential inputs on asset monetisation, capital receipts, and restructuring of public enterprises—making him a crucial part of India’s fiscal planning and economic reform process.
Arvind Shrivastava
(revenue secretary)
Arvind Shrivastava, an accomplished IAS officer and India’s Revenue Secretary, is responsible for overseeing the country’s entire taxation framework—including direct taxes, indirect taxes, customs, and GST. With a career spanning key administrative, financial, and policy positions, he has built deep expertise in fiscal regulation, economic management, and revenue administration. As Revenue Secretary, he supervises the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC), ensuring tax policy implementation, compliance, and revenue growth for the nation. He plays a central role in designing tax proposals for the Union Budget, including changes to income tax slabs, GST reforms, customs duties, and measures to widen the tax base. In the Budget 2026 core team, Arvind Shrivastava’s inputs are crucial for balancing tax revenue with economic growth, simplifying the taxation system, and strengthening India’s fiscal stability—making him one of the most influential figures shaping the country’s financial policy landscape.

history of budget

budget:2026 - Snapshots

Union Budget FAQs

It is the Government of India’s yearly financial plan showing income, expenses, and new policy proposals.
The Finance Minister of India presents it in Parliament.
It is expected on 1 February 2026, like every year.
Income estimates, expenditure plans, tax proposals, and major government schemes.
Nothing is confirmed until the Finance Minister announces it.
Changes in duties and taxes can make goods cheaper or costlier.
Yes — through taxes, fuel prices, subsidies, welfare schemes, and government spending.
It influences corporate tax, duties, MSME support, startup incentives, and overall economic policies.
It is the gap between government spending and income, showing how much money needs to be borrowed.
Once released, you can download it from the Ministry of Finance website or the Union Budget mobile app.
It is a bill that contains all tax-related proposals of the Budget. After Parliament approves it, it becomes the Finance Act.
Yes. Stock markets often react to tax changes, sector incentives, and economic announcements made during the Budget.

BUDGET 2026 UPDATES

  • FM Nirmala Sitharaman Says Budget offers tax holiday to foreign cloud service firms using India data centres until 2047.

  • Safe Harbour Margin Of 15.5% Applicable All IT Services

  • Basic Customs Duty Exemption For Specified Parts Uses In Manufacture Of Microwave Ovens

  • Reduce BCD For Components & Parts Used In Manufacturing Of Civilian Aircraft

  • To Deduct TDS On Sale Of Immovable Properties by Non-residents

  • Union Budget 2026 Updates: Budget proposes to rationalise definition of accountants for safe harbour rules to promote home-grown accounting firms.

  • Basic Customs Duty Exemption For Specified Parts Uses In Manufacture Of Microwave Ovens

  • Reduce BCD For Components & Parts Used In Manufacturing Of Civilian Aircraft

  • FM Nirmala Sitharaman Says Centre proposes joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards.

  • Propose Custom Duty Exemption On 17 Drugs Related To Cancer

  • FM Nirmala Sitharaman Says National Destination Digital Knowledge Grid will be established to digitally document all places of significance

  • FM Nirmala Sitharaman Says MAT to be made final tax; rate reduced to 14%, from current 15%.

  • India responds with strategic trade measures to counter Trump’s tariff push

  • FM Nirmala Sitharaman Says Centre extends deduction for cooperative members who supply cotton seeds and cattle feed.

  • Major push announced for the IT sector

  • FM Nirmala Sitharaman Says tax holiday till 2047 to foreign companies that provide cloud services to customers globally by using data centres in India.

  • TO RAISE STT ON FUTURES TO 0.05%

  • TO RAISE STT ON FUTURES TO 0.05% FROM 0.02%

  • Nirmala Sitharaman Says exemptions of 3 years for dividend income received by notified cooperatives on investments made up to Jan 31, 2026.

  • Big tax tweaks with more time and less rush

  • Increasing Safe Harbour Limit From RS300 Cr To RS2000 CR For IT Services

  • Safe Harbour Margin Of 15.5% Applicable All IT Services

  • Tax Holiday Till 2047 To any Foreign Companies That Provides Cloud Services To Indian Customers

  • 50% capacity will be increased in district hospitals by establishing emergency and trauma care centres says FM Nirmala Sitharaman

  • STT ON F&O IS RAISED

  • Immunity provided for non-disclosure of small foreign assets

  • TO TAX BUYBACKS AS CAPITAL GAINS FOR ALL CATEGORY OF SHAREHOLDER

  • Exemption granted for non-disclosure of minor foreign assets

  • STT On Futures Raised

  • No interest will be charged on penalty amounts during the appeal period before the first appellate authority, regardless of the outcome

  • FM Nirmala Sitharaman Says Tax Collected at Source (TCS) rate on sale of overseas tour packages cut to 2% from 5% and 20% earlier.

  • Major relief for NRIs as TCS rates are lowered

  • Tax Holiday Till 2047 Data Centre Cloud Services

  • FM Nirmala Sitharaman proposes a six-month foreign asset disclosure scheme for small taxpayers like students, tech professionals and relocated NRIs.

  • Safe Harbour Margin Of 15.5% Applicable All IT Services

  • Budget benefit for travelers: Reduced TCS on international tour packages

  • Increasing Safe Harbour Limit From Rs. 300 Cr To 2000 Cr For IT Svcs

  • FM Nirmala Sitharaman Says Centre proposes to lower debt-to-GDP ratio to 55.6% in FY27, from 56.1% in current fiscal.

  • FM Nirmala Sitharaman Says Income Tax Act, 2025, to be implemented from April 1; rules and tax returns forms to be notified shortly.

  • Government plans to borrow ?11.7 lakh crore through dated securities in FY27 to manage fiscal deficit

  • To Deduct TDS On Sale Of Immovable Properties By Non-residents

  • To Reduce TCS For Pursuing Edu & Medical From 5% to 2% U/LRS

  • Cashew nuts, cocoa, and sandalwood receive special emphasis

  • FM Nirmala Sitharaman Says Net tax receipts estimated at Rs 28.7 lakh crore, Budget size at Rs 53.5 lakh crore.

  • Centre will develop cadre of 'Corporate Mitras' in Tier-II, Tier III towns to help MSMEs Says FM Nirmala Sitharaman

  • FM Nirmala Sitharaman Says allocates Rs 5,000 crore for CITY Economic Regions (CERs) over 5 years

  • To Bring Supply Of Manpower Svcs Under Tax Deducted At Source

  • Moot ITR-1, ITR-2 Filing Deadline is july 31

  • To Reduce TCS For Pursuing Edu & Medical From 5% To 2%

  • To Extend Time To Revise Returns To March 31 With Small Fee

  • FM Nirmala Sitharaman Says Centre to create a network of over 1,000 accredited Indian Clinical Trial sites

  • FM Nirmala Sitharaman Says proposes to support Artificial Limbs Manufacturing Corporation of India to scale up production of assisted devises for divyangjan.

  • FY27 TOTAL EXPENDITURE SEEN AT RS53.5 LK CR

  • FY27 NET TAX RECEIOTS AT RS 28.75 LK CR

  • Simplified Income Tax Riles Will Be Notified Shortly

  • FY27 NET MARKET BORROWING AT RS11.7LK CR

  • Revised estimate for fiscal deficit for FY26 is 4.4%; Budget Estimate fiscal deficit for FY27 is 4.3% Says FM Nirmala Sitharaman

  • Government Accepts 16th Fin Commission Proposal For 41% Devolution To States

  • FM Nirmala Sitharaman Says proposes 'Education to Employment and Enterprise' Standing Committee to recommend measures focusing on services sector

  • FY26 Fiscal Deficit At 4.4% Of GDP

  • See Debt-to-GDP At 55.6% in FY27

  • FM Nirmala Sitharaman Says Centre to partner with states to restore glory of sandal wood ecosystem.

  • Will Retain Vertical Share of State Devolution At 42%

  • Propose To Launch Bharat Vista multi-lingual AI Tool

  • FM Nirmala Sitharaman Says Government to set up NIMHANS 2.0 to bring a mental health institute in North India

  • To Set Up She-Marts To Help Women Turn Into Owners Of Enterprises

  • To Launch credit-linked Subsidy Programme Fir Animal Husbandry

  • To Partner With States To Promote Cultivation Of Sandalwood

  • To Support Incomes Of walnuts, Almonds, Pinenuts Farmers

  • FM Nirmala Sitharaman Syas Khelo India Mission to transform sports sector over next decade.

  • To Support High Value Crops Such As Coconut, Cashew In Coastal Areas

  • Propose To Launch Khelo India Mission For Sports Sector For 10 Years

  • FM Nirmala Sitharaman Says India to boost astrophysics and astronomy with advanced telescope facilities

  • WILL RESTRUCTURE PFC & REC

  • Nirmala Sitharaman Says pushes for creative and Design education

  • Propose TO Develop 15 Archeological Sites Into Cultural Destinations

  • To Set Up New National Institute Of Desing in North East

  • Will Support States To Set Up 5 Univ Townships near Industrial corridors

  • Propose pilot Scheme To Train 10,000 Guides From 20 Tourism Sports

  • lims To Undertake pilot Plan To Train Guider Via 12-week Course

  • Propose To Launch Khelo India Mission

  • FM Nirmala Sitharaman proposed support to traditional medicine, animal husbandry, and the Orange economy to promote growth and jobs.

  • IIMs To Undertake Pilot Plan TO Tain Guides Via 12-week Course

  • Centre to continue to focus on developing infrastructure in cities with over 5 lakh population, says FM Nirmala Sitharaman in Lok Sabha

  • To Set Up, Upgarde 4 Telescope Facilities For Astrophysics, Astronomy

  • Budget proposes to support of Indian Institute of Creative Technologies Mumbai for setting up content labs in 15,000 secondary schools Says FM Nirmala Sitharaman

  • Tourism Sector Has Large Role In Creating Employment

  • Propose Loan-linked Subsidy Support For Veterinary Colleges

  • One Girls Hostel Will Be Established In Every District

  • Centre to support states in setting up five hubs for medical tourism Says FM Nirmala Sitharaman

  • Medical Tourism Hubs To Have Aayush Centres

  • To Foucus On Poor Inderprivileged,Disadvantaged Section

  • To Train 1.5 Lakh Caregivers In Coming Year

  • Our Aim Is To Transform Potentiol Into Performance

  • Upgarde Ayush Pharmacies, Drug Testing Labs

  • Enhancing corporate and municipal bond markets to draw more investment

  • Individual Residents Living Outside India Can Invest Indian Equities

  • Residents Living Outside India Can Invest Eq Via Portfolio Plan

  • To set Up 5 Regional Hubs To Promote Medical Tourism

  • Propose Overall Invest Limit Hike For PROIs To 24% From 10%

  • Svc Sector Panel To Assess Impact Or Emerging Tech, AI On Jobs

  • To Develop NQSF-allgned Programmed For Multi-skiled Caregivers

  • Finance Minister Nirmala Sitharaman Say in the Lok Sabha that nearly 25 crore people have moved out of multi-dimensional poverty.

  • To Rejuvenate Legacy Industries, SME City Eco Region Dvpt

  • Third Responsibility Of Budget Aligned With Inclusive Development

  • To Set Up Panel To Recommend Steps TO Boost Services Sector

  • Seven high-speed rail corridors and banking sector reforms introduced

  • FM Nirmala Sitharaman has a clear message for future direction of India’s financial sector

  • Propose Upping Individual Invest Limit To 10% From 5% for PROIs

  • Outlay of Rs 20,000 cr proposed for launch of carbon capture and utilisation scheme across sectors like steel and cement, Says FM Nirmala Sitharaman

  • New panel formed to enhance India’s services sector and strengthen its global leadership

  • Union Budget 2026 Updates: The Finance Minister proposed building 7 high-speed road corridors between cities to connect them better and support economic growth.

  • FM Nirmala Sitharaman announces seven high-speed rail corridors to connect key growth cities across India

  • Built Domestic MFG Capacity Energy Security

  • WILL RESTRUCTURE PFC & REC

  • Fm Rise To Present Budget 2026

  • Indias Economy Trajectory Market By Stabiity Growth & Morderate Intif

  • We Have Pursued Far- Reaching Structural Reforms

  • Government Decisively Chosen Action Over Ambivaience

  • To Incentivise Indigenised Sea Planes Mfg Last Mile Connectvity

  • Banks Now Have Strone Balance Sheets, Cover 98% of Our Village

  • Major initiatives unveiled for poll-bound West Bengal

  • Union Budget 2026 Updates : Will Have High Speed Rail Corridors Between Major Cities

  • To Operationalise 20 New Waterways Over Next 5 Years

  • FY 27 CAPEX Is In -Line with EST, 9% Higher Than FY 26

  • To Recycle PSU Real Estate Assets Via Special REITS

  • A dedicated ?10,000 crore fund launched to accelerate SME growth.

  • Will Continue Focussing On Cities with Population Over 5 lakh

  • Capital expenditure raised to ?12.2 lakh crore for FY27

  • FY 27 Capital Expenditure Seen At RS 12.2LK Cr

  • Mandate TREDS As Settlement Paltform For Liquidity Support To MSMEs

  • FM Nirmala Sitharaman Says proposes setting up mega textile parks with focus on value addition to technical textiles

  • TREDS To Serve As Pricing Beanchmark For Corporates

  • FM Nirmala Sitharaman unveils comprehensive plan to uplift labour-intensive textile sector

  • Union Budget 2026 Updates : The Finance Minister said that two high-tech tool rooms will be set up to support and boost the manufacturing of machines and equipment.

  • FM Nirmala Sitharaman Says proposes setting up of 3 dedicated chemical parks to enhance domestic production, reduce import dependency

  • To Launch Second Plan to Develop Semiconductors Sector

  • Will Have Capital Goods HI-tech Tool Rooms By PSUs

  • Will Support Micro Enterprises With Rs,2,000 Cr Fund

  • FM Nirmala Sitharaman Says proposes to increase outlay on electronic manufacturing to Rs 40,000 cr in Union Budget 2026

  • To Develop India As Global Diopharma Mfg Hub

  • Planning To Have Rare-earth Magnet Corridors

  • Propose Rs. 10,000 Cr SME Growth Fund

  • Union Budget 2026 Updates : Centre to back critical mineral facilities in Odisha, Kerala, Andhra Pradesh, Tamil Nadu

  • Sitharaman announces unified initiative to strengthen the labour-intensive textile industry

  • Finance Minister Says proposes interventions in 6 sectors, including manufacturing, strategic and frontier sectors, healthcare and advanced technology

  • Focus on semiconductors and rare earth minerals highlighted in Sitharaman's Budget speech

  • Rs. 10,000 Cr Outlay For Container Mfg

  • ISM 2.0 and electronics boost set to reinforce India’s technology landscape

  • Finance Minister Nirmala Sitharaman said in the Lok Sabha that it is our duty to speed up economic growth, keep it going, and meet the hopes and needs of the people.

  • Propose Supporting Andhra, Tamil Nadu For Rare Earth Corridors

  • FM Nirmala Sitharaman said in the Lok Sabha that the benefits of development will reach everyone — especially farmers, people from Scheduled Castes, Scheduled Tribes, and the youth.

  • Rs. 40,000 Cr Outlay For Electronics Component Mfg

  • The reform journey is in full swing and will continue gaining momentum to help us achieve our responsibilities.

  • FM Nirmala Sitharaman proposes BioPharma Strategy

  • India Budget 2026: Sitharaman’s Kartavya mantra

  • Plan 10,000 Cr Bio Parma Strategy Outlay

  • India Budget 2026: Sitharaman outlines six-step roadmap to keep India ahead

  • Propose interventions in 6 Areas for growth

  • Over 350 Reforms Rolled Out Since August 15

  • FM Nirmala Sitharaman Says lays 16th Finance Commission report for tax revenue devolution between Centre, states for 2026-2031

  • India will keep moving forward with confidence toward a Vikasit Bharat, says the Finance Minister

  • To Focus On Poor, Unerprivilleged, Disadvantaged Sections

  • Have cut critical Import Dependency

  • India Will Continue TO take Confident Steps

  • we have pursued far- reaching structural reforms

  • Union Budget 2026 Live: Emphasis on Economic Stability and Growth

  • Budget 2026 live updates: Government chose action over ambivalence

  • Grim outlook for the global economy, estimating a 10-20% chance of a crisis worse than the global financial crisis of 2008 unfolding in 2026

  • Since we assumed office 12 years ago, our economic journey has been defined by stability

  • Parliament Session Begins, FM to Present Budget 2026 Shortly

  • Budget 2026 live updates: Nirmala Sitharaman begins historic speech

  • Union Budget 2026-27: Leaders voice high hopes, expect focus on farmers, women

  • Union Budget 2026: Cabinet Clears Proposal, FM Nirmala Sitharaman to Address Nation Shortly

  • TN pins high hope as Finance Minister Sitharaman set to table 9th consecutive Budget