Live Updates and discussion on Union Budget 2026-2027

#FM

New National Institute of Hospitality to be set up
Tourism to play large role in employment generation, forex earnings
Support states through challenge routes to create 5 university townships

Close to 25 crore people have come out of multidimensional poverty, says Finance Minister

• Close to 25 crore people have come out of multidimensional poverty due to the government's efforts over a decade
• The government has taken several steps to promote emerging technologies through National Quantum Mission and so on
• FM proposes high powered education to employment standing committee to suggest measures on services sector

7 high-speed rail corridors between cities as growth connectors
20 new national waterways over next 5 years
Rs 10,000 crore proposed to boost SME growth

#FinanceMinister

Govt to develop 7 high-speed rail corridors as growth connectors:

• Mumbai-Pune

• Pune-Hyderabad

• Hyderabad-Bengaluru

• Chennai-Bengaluru

• Delhi-Varanasi

• Varanasi-Siliguri

To support girls education 1 girl hostel to be established in every district, says FM

Raising the investment limit for Persons of Indian Origin from 10% to 24% is meant to attract more foreign portfolio investment, especially when global interest in India is weak, and should support capital inflows once market sentiment improves and currency concerns ease. #FinanceMinister

The government will introduce a market-making framework to promote the corporate bond market.#UnionBudget

*Medical hubs for AYUSH centres, infra for diagnostics, post-care rehabilitation
*Create network of 1,000 accredited trial sites for biopharma
*Rs 10,000 crore for 'Biopharma Shakti' for 5 years

High-Level Committee on Banking for Viksit Bharat to review and strengthen the banking sector

Proposal to restructure Power Finance Corporation (PFC) and REC Limited (formerly Rural Electrification Corporation), key state-owned NBFCs under the Ministry of Power

Khelo India Mission to be launched to promote sports.

15 archaeological sites (including Sarnath and Hastinapur) to be developed as cultural destinations.

Digital Knowledge Grid to document important sites and create jobs for researchers, historians, and tech partners. #FinanceMinister

The government will support high-value crops like coconut, cashew, cocoa in coastal areas and walnuts, pine nuts to boost farm productivity and farmer income, say FM.

Capital expenditure set at Rs 12.2 lakh crore for fiscal 2027 #Budget2026

Nirmala Sitharaman says SHE (Self-help Entrepreneur) marks will be set up as community-owned retail outlets to help women entrepreneurs.