Budget 2026 Speech LIVE: FM proposes increasing limit for duty-free imports of specified inputs used for processing sea foods for export
Union FM Nirmala Sitharaman says, “I propose to increase the limit for duty-free imports of specified inputs used for processing sea foods for export from the current 1% to 3% of FOB value of the previous year’s export turnover. I also propose to allow duty-free imports of specified inputs which is currently available for exports of leather or synthetic footwear to exports of shoe uppers as well”
Budget 2026 Speech LIVE: Big relief for Cancer patients
Nirmala Sitharaman announced relief for cancer patients — to exempt basic customs duty on 17 drugs and medicines and add seven more rare diseases for the exemption of import duty on personal import of drugs, medicine, and food imported for special medical purposes.
Budget 2026 Speech LIVE: FM proposes to exempt duty on aviation component and parts
FM proposes to exempt duty on the aviation component and parts.
Budget 2026 Speech LIVE: New TCS rates
On Direct Taxes, Union Finance Minister Nirmala Sitharaman says,”…I propose to reduce TCS rate on sale of overseas tour program packages from current 5% and 20% to 2% without any stipulation of amount. I propose to reduce the TCS rate for pursuing education and medical purposes under the liberalised remittance scheme from 5% to 2%…”
Budget 2026 Speech LIVE: Increase limit of duty free goods
“Proposes to increase limit of duty free goods of specified inputs, leather, synthetic footwear” said FM Sitharaman.
Budget 2026 Speech LIVE: Govt extends time for revising returns but conditions apply
Union FM Nirmala Sitharaman says, “I propose to extend time available for revising returns from 31st December to up to 31st March with the payment of a nominal fee. I also propose to stagger the timeline for filing of tax returns – individuals with ITR 1 and ITR 2 will continue to file till 31st July and non-audit business cases or trust are proposed to be allowed time till 31st August.”
Budget 2026 Speech LIVE: FM proposes buyback capital tax
FM Nirmala Sitharaman proposes buyback capital tax.
Budget 2026 Speech LIVE: ‘Exemption from income tax for 5 years to any non-resident who…’
Sitharaman announced exemption from income tax for 5 years to any non-resident who provide capital goods, equipment to any tall manufactures in bonded zone.
Budget 2026 Speech LIVE: Govt slashes TCS rate for pursuing education, medical purposes from 5% to 2%
Union FM Nirmala Sitharaman says, “I propose to reduce TCS rate for pursuing education and for medical purposes under the liberalised remittance scheme, popularly known as LRS, from 5% to 2%.”
Budget 2026 Speech LIVE: ‘No penalty on non-disclosure of non-immovable foreign assets…’
“Minor offences to attract fine only…no penalty on non-disclosure of non-immovable foreign assets with aggregate value less than ₹20 lakh… I propose to provide them immunity from prosecution,” Sitharaman says.
Budget 2026 Speech LIVE: ‘Rretain the vertical share of devolution at 41%’
Union Finance Minister Nirmala Sitharaman says,”…The Government has accepted 16th Finance Commission recommendations to retain the vertical share of devolution at 41%. I have allocated ₹1.4 lakh crores for states for FY2026-27.”
Budget 2026 Speech LIVE: Sitharaman proposes rule-based automated process for small taxpayers
FM Nirmala Sitharaman proposed a rule-based automated process for small taxpayers in FY27 Budget.
Budget 2026 Speech LIVE: TDS on motor accident claims
Union FM Nirmala Sitharaman says, “I propose that any interest awarded by the motor accident claims tribunal to a natural person will be exempt from income tax and any TDS on this account will be done away with.”
Budget 2026 Speech LIVE: Now you can file revised ITR by March 31 with a nominal fee
Nirmala Sitharaman said that now a person you can file revised ITR by March 31 with a nominal fee.
Budget 2026 Speech LIVE: Govt slashes TCS rate on sale of overseas tour programme packages
TCS rate on the sale of overseas tour programme packages from 5% and 20% to 2% with any stipulation amount, Sitharaman announced.
Budget 2026 Speech LIVE: FM says provided ₹1.4 lakh crore to the states as Finance Commission grants
“I have provided 1.4 lakh crore to the states for the Year 2026-27 as Finance Commission grants. These includes rural and urban local body and disaster management grants,” FM Nirmala Sitharaman said.
Budget 2026 Speech LIVE: Govt to develop mountain trails in Himachal Pradesh, Uttarakhand and Jammu & Kashmir
Union Finance Minister Nirmala Sitharaman says,”…We will develop ecologically sustainable mountain trails in Himachal Pradesh, Uttarakhand and Jammu & Kashmir, also in Araku Valley in Eastern Ghats and also Western Ghats. Turtle trails along key nesting sites in Odisha, Karnataka and Kerala will be developed…”
Budget 2026 Speech LIVE: Govt to promote India as medical tourism hub
Union Finance Minister Nirmala Sitharaman says, “To promote India as a medical tourism hub, I propose a scheme to support states to set up 5 regional hubs in the country.”
Budget 2026 Speech LIVE: ‘She MARTS’ to be set up to empower woman entrepreneurs
Finance Minister Nirmala Sitharaman proposed setting up ‘She MARTS’ — self-help entrepreneurs ‘SHE marts’ will be set up as a community owned retail outlets, Nirmala Sitharaman said.
Budget 2026 Speech LIVE: FM increases investment limit for overseas residents of India
FM Nirmala Sitharaman, in her speech, announced that the central government has increased the overall investment limit for overseas residents of India to 24%, compared to their current 10% level, according to the Budget announcement.
Budget 2026 Speech LIVE: Coconut production scheme to enhance productivity
Finance Minister announced coconut production scheme to enhance productivity.
Budget 2026 Speech LIVE: FM proposes to develop 15 archaeological sites
FM Nirmala Sitharaman in her Budget speech proposed to develop 15 archaeological sites into vibrant experienced cultural destinations in efforts to boost the country’s tourism.
Budget 2026 Speech LIVE: Nirmala Sitharaman announces ‘Khelo India Mission’
Nirmala Sitharaman announced ‘Khelo India Mission’ over the next decade.
Budget 2026 Speech LIVE: FM proposes ₹20,000 crore carbon capture outlay
FM Nirmala Sitharaman proposes an outlay of ₹20,000 crore for launch of a carbon capture and utilisation scheme across sectors like steel and cement.
Budget 2026 Speech LIVE: 10,000 tourist guided to be trained
Sitharaman announced that 10,000 tourist guided will be trained.
Budget 2026 Speech LIVE: FM proposes content creator labs in Indian schools
Finance Minister Nirmala Sitharaman announced that the Centre proposes to create “Content Creator labs” in 15,000 Indian schools, while also creating 5 university townships in the vicinity of industry corridors.
Budget 2026 Speech LIVE: Sitharaman proposes setting up ABGC content creator labs
Sitharaman proposed setting up ABGC (Animation, Visual Effects, Gaming, and Comics) content creator labs in 1500 secondary schools and 500 colleges.
Budget 2026 Speech LIVE: Operationalise 20 new national waterways
FM Nirmala Sitharaman proposed to operationalise 20 new national waterways over the next five years to promote environmentally sustainable cargo movement.
Budget 2026 Speech LIVE: FM announces three All India Institute for Ayurveda
Nirmala Sitharaman announced setting up of three new All India Institute for Ayurveda.
Budget 2026 Speech LIVE: New freight corridors between Dankuni and Surat
FM Nirmala Sitharaman, in her Union Budget 2026 speech, proposed to establish a new dedicated freight corridor connecting Dankuni and Surat.
Budget 2026 Speech LIVE: FM announces dedicated initiative for high-quality sports goods manufacturing, research
Union Finance Minister Nirmala Sitharaman says,”…I propose a dedicated initiative for high-quality sports goods manufacturing and research.”
Budget 2026 Speech LIVE: Portfolio investment scheme
Sitharaman announces portfolio investment scheme.
Budget 2026 Speech LIVE: 7 high speed rail corridors proposed
Sitharaman announced seven high-speed rail corridors proposed, namely:
Mumbai-Pune
Pune to Hyd
Hyd-Bluru
Hyd to Chennai
Chennai to Blore
Blore to Varanasi
and Varanasi to Siliguri
Budget 2026 Speech LIVE: Sitharaman proposes to set up banking committee
FM Nirmala Sitharaman proposes to set up a high-level committee on banking for Viksit Bharat.
Budget 2026 Speech LIVE: Sitharaman says,”…We will launch India Semiconductor Mission 2.0
Union Finance Minister Nirmala Sitharaman says,”…We will launch India Semiconductor Mission 2.0 and also focus on industry-led research and training centres to develop tech and skilled workforce.”
Budget 2026 Speech LIVE: Nifty Pharma, BSE Healthcare Index up 1.7-2% after Sitharaman’s announcement
After Finance Minister Nirmala Sitharaman’s announcement of making India a bio-pharma development hub, Nifty Pharma and BSE Healthcare Index up 1.7-2%
Budget 2026 Speech LIVE: FM proposes ₹ ₹10,000 cr scheme for container manufacturing!
FM Nirmala Sitharaman on Sunday proposed a scheme for Container manufacturing with a capital outlay of ₹10,000 crore over the next 5 years.
Budget 2026 Speech LIVE: Sitharaman proposes Mahatma Gandhi Gram Swaraj initiative
In the Budget 2026-27, Sitharaman proposed Mahatma Gandhi Gram Swaraj initiative to strengthen Khadi handloom.
Budget 2026 Speech LIVE: FM Nirmala Sitharaman proposes to revive 2000 industry clusters, ₹10,000 crore MSME growth fund
Finance Minister Nirmala Sitharaman proposes to revive 2000 industry clusters, ₹10,000 crore MSME growth fund.
Budget 2026 Speech LIVE: FM Nirmala Sitharaman proposes to set up mega textile parks
FM Nirmala Sitharaman proposes to set up mega textile parks.
Budget 2026 Speech LIVE: ‘Keeping Aatmanirbharta as a lodestar,’ says Sitharaman
Union FM Nirmala Sitharaman says, “Keeping Aatmanirbharta as a lodestar, we have built domestic manufacturing capacity, energy security and reduced critical import dependencies. Simultaneously, we have ensured that citizens benefit from every action of the Government, undertaking reforms to support employment generation, agricultural productivity, household purchasing power and universal services to people. These measures have delivered a high growth rate of around 7% and helped us make susbstantial strides in poverty reduction and improvement in the lives of our people.”
Budget 2026 Speech LIVE: Sitharaman announces ‘rare earth corridors’
Sitharaman emphasised on rare earth permanent magnets to support mineral-rich states such as Odisha, Kerala, Andhara Pradesh. She spoke about rare earth corridors to promote mining and research.
Budget 2026 Speech LIVE: ₹10,000 crore for Biopharma Shakti!
“I propose the Biopharma Shakti with an outlay of ₹10,000 crore over the next five years,” said FM Sitharaman.
Budget 2026 Speech LIVE: Sitharaman announces ‘Biopharma Shakti’ of outlay of 10,000 crore
Finance Minister Nirmala Sitharaman announced ‘Biopharma Shakti’ of outlay of 10,000 crore, noting India’s shift in diseases such as diabetes, cancer and auto-immune disorders.
Budget 2026 Speech LIVE: Conscious choices of India!
“ Since we assumed office 12 years ago, the country’s economic trajectory has been marked by stability, fiscal discipline, sustained growth and moderate inflation. This is the result of conscious choices we have made even in times of uncertainty and disruptions,” said Union Finance Minister Nirmala Sitharaman.
Budget 2026 Speech LIVE: India’s Reform Express!
“Over three fifty reforms have been ruled out. this includes gst, simplification notification of labor courts and rationalization of mandatory quality control orders,” said Nirmala Sitharaman.
“High level countries have been formed and in parallel, the central government is working with the state government on deregulation and regulation compliance requirements,” she said.
Budget 2026 Speech LIVE: FM talks about three-fold approach — ‘inspired by tri-kartavya’
FM Sitharaman spoke about her government’s three-fold approach. She said the actions are “inspired by tri-kartavya”. They are:
> To accelerate and sustain economic growth
> Fulfill aspirations of people biult their capacity
> Alligned with the vision of ‘Sabka Sath Sabka Vikas’
Budget 2026 Speech LIVE: High growth rate of 7%!
FM Nirmala Sitharaman said that India has witnessed a high growth rate of 7%!
Keeping Atmanirbharta as north star: Sitharaman
Saying that the government has kept Atmanirbharta as a north star, has resulted a high growth rate of 7%, She notes that today’s external environment is such that trade and multilateralism are imperative and access to resources and supply chains are disrupted. “India must remain deeply integrated with the global markets, exporting more and attracting stable long-term investments.”
Keeping Atmanirbharta as north star: Sitharaman
Saying that the government has kept Atmanirbharta as a north star, has resulted a high growth rate of 7%, She notes that today’s external environment is such that trade and multilateralism are imperative and access to resources and supply chains are disrupted. “India must remain deeply integrated with the global markets, exporting more and attracting stable long-term investments.”
Union Finance Minister Nirmala Sitharaman begins Budget Speech for FY 2026-27
Union Finance Minister Nirmala Sitharaman is now presenting the Union Budget for the fiscal year 2026-27, in the Lok Sabha. This is her ninth consecutive time presenting the Union Budget.
