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.
CII noted that India’s real GDP grew by 8.0 per cent in the first half of FY26, while inflation remained well anchored, reflecting proactive fiscal policy and prudent macroeconomic management by the government.
The review notes that the Centre collected nearly half of its budgeted receipts during April–September 2025, while keeping total expenditure below 50 per cent of the annual budget estimates
In less than four months from now (October 2025), the Sixteenth Finance Commission (SFC) has to wind up its assessment and submit a report so that recommendations can be accommodated in the Union budget of 2026-27 as well as the State budgets.
The Lok Sabha on Friday passed the Demands for Grants of various ministries in respect of the Union Budget for 2025-26.
Prime Minister Narendra Modi said on Wednesday that the Union Budget this year has emerged as a blueprint for India's future, where priority has been given to infrastructure and industries in investment.
