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