Defence allocation hiked 15 per cent to Rs 7.8 lakh crore in Budget 2026-27

IANS | February 1, 2026 3:33 PM

New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman announced an allocation of Rs 7.8 lakh crore for the country’s defence sector in the Union Budget for 2026-27, representing a 15 per cent increase over the corresponding figure of Rs 6.81 lakh crore for the previous financial year.

Union Budget 2026-27 highlights: Customs simplified, duties slashed; tax reforms ease trade and living

IANS | February 1, 2026 3:30 PM

New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presented by Finance Minister Nirmala Sitharaman marks a decisive step in reshaping India’s tax and trade landscape. With reforms spanning customs, indirect taxation, direct tax rationalisation, and incentives for cooperatives and the IT sector, the proposals aim to simplify compliance, reduce burdens, and strengthen competitiveness.

SMEs get big push with Rs 10,000 crore growth fund in Budget 2026-27

IANS | February 1, 2026 3:05 PM

New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman announced a dedicated Rs 10,000 crore SME (small and medium enterprises) Growth Fund, to create future champions by incentivising enterprises based on select criteria as part of the Budget 2026-27 proposals presented in the Parliament on Sunday.

CII lauds Budget 2026-27 for fiscal prudence, capex push

IANS | February 1, 2026 2:54 PM

New Delhi, Feb 1 (IANS) The Confederation of Indian Industry (CII) on Sunday said the Union Budget 2026-27, with its next‑generation reforms, builds confidence, and its thrust on public capital expenditure will enhance private investment.