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.