Union Budget 2026 Archives

01 Feb

Union Budget 2026: India Semiconductor Mission 2.0 Launched with Rs 40,000 Crore Boost

Rajeev Sharma0 CommentsBusiness, IndiaIndia Semiconductor Mission 2.0, ISM 2.0, Nirmala Sitharaman, semiconductor sector, Union Budget 2026

New Delhi, February 1, 2026: In a major step to strengthen India’s semiconductor sector, Union Finance Minister Nirmala Sitharaman on Sunday announced the launch of India Semiconductor Mission (ISM) 2.0 with an allocation of Rs 40,000 crore while presenting the Union Budget 2026 in Parliament. The second phase of the mission aims to expand capabilities across the semiconductor value chain, including manufacturing equipment and materials, developing homegrown intellectual property, and reinforcing domestic supply chains. Sitharaman said the initiative would also support industry-led research and training centres to develop advanced technology and prepare a skilled workforce. Highlighting the success of earlier…

Budget 2026: Rs 10,000-Crore ‘Bio Pharma Shakti’ Scheme Announced to Boost Biopharma Industry

Rajeev Sharma0 CommentsBusiness, Health, IndiaBio Pharma Shakti scheme, biopharma industry, Nirmala Sitharaman, Union Budget 2026

New Delhi: Union Finance Minister Nirmala Sitharaman on Sunday announced a major policy push for India’s biopharmaceutical sector, unveiling the ‘Bio Pharma Shakti’ programme with an outlay of Rs 10,000 crore for the next five years, while presenting the Union Budget in Parliament. The initiative is aimed at creating a robust ecosystem for biopharma products and biosimilars, strengthening domestic manufacturing, innovation, and global competitiveness. Sitharaman said the programme aligns with the government’s broader vision of building self-reliance in high-end healthcare and life sciences. In addition to the biopharma push, the Finance Minister proposed measures to expand manufacturing capacity in strategic…

Union Budget 2026 to Be Tabled Today as Government Eyes Growth and Fiscal Balance

Rajeev Sharma0 CommentsBusiness, IndiaEconomic Survey, fiscal deficit target, Nirmala Sitharaman, Union Budget 2026

New Delhi (Rajeev Sharma): Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2026 in Parliament on Sunday, February 1, becoming only the second finance minister in India’s history to deliver the budget on a Sunday. The last such instance was in 1999, when Yashwant Sinha presented the budget under the Atal Bihari Vajpayee-led NDA government. The presentation also marks Sitharaman’s ninth consecutive budget under Prime Minister Narendra Modi. The budget is being unveiled amid a relatively strong economic outlook. The Economic Survey 2026, presented in Parliament on Thursday, has projected India’s economy to grow by 7.4 per…