The second phase of the Budget session starts on March 9, and it is scheduled to go up to April 2, during which essential legislative and other business is expected to be addressed primarily.
Addressing a post-Budget seminar virtually also attended by Finance Minister Nirmala Sitharaman, PM Narendra Modi said his government has simplified processes, enhanced the ease of doing business, expanded technology-led governance, and strengthened institutions.
Publication of the Annual Economic Survey, a day before the Union Budget, is a much-awaited event.
Sitharaman also stated that the Centre is planning to set up mega textile parks and welcomed states to enter the industrial textiles sector.
The Union Budget 2026-2027 announced the setting up of a second National Institute of Mental Health and Neuro Sciences (NIMHANS-2) in northern India.
Don’t remain vindictive and bent upon taking revenge on those who have defeated your party. Run the government evenly, ensuring that it is for all,” he said.
It said that the initiatives highlighted in the budget will fortify the backbone of our economy, driving innovation, job creation, and sustainable growth.
For FY 2024-25, the government has allocated a record capital expenditure of Rs 2,62,200 crore for railways, with gross budgetary support amounting to Rs 2,52,200 crore.
The Tea Association of India (TAI) has expressed gratitude for the "Pradhan Mantri Cha Shramik Protsahan Yojana" (PMCSPY) scheme designed for the welfare of tea workers, particularly women and children in Assam and West Bengal.
The first post-election Union Budget has sparked significant interest, particularly due to its dual focus on job creation and rural development.
