
Finance Minister Nirmala Sitharaman with Minister of State for Finance Pankaj Chaudhary and her team members outside the Ministry of Finance before the presentation of the ‘Union Budget 2026-27’, in New Delhi, Sunday, Feb. 1, 2026.
Congress MP Shashi Tharoor on Sunday said that he is looking forward to announcements for Kerala in the Union Budget 2026-27 as the state is set to hold Assembly elections later this year.
Speaking to reporters ahead of the Budget presentation, Tharoor flagged the issue of unemployment, saying, "jobless growth does not help anyone."
He said, "Looking forward to hearing what the Finance Minister has to tell us. The Economic Survey presents good economic growth, but a problem for young people in this country is whether the growth will be accompanied by jobs. Jobless growth does not help anyone. We are anxious to see what kind of schemes they have in mind. In Kerala, with elections coming up, we are keen to see what benefits the Central government might give us. Until the Budget is presented, it is difficult to talk."
Domestic stock markets opened largely flat on Sunday. The Nifty 50 index opened at 25,333.75, registering a marginal gain of 13.10 points or 0.05 per cent, while the BSE Sensex opened at 82,445.97, up by 176.19 points or 0.21 per cent.
This marks only the second time in the history of Indian stock markets that trading is taking place on a weekend for a special budget session. Earlier, markets were opened on a weekend in 1999, when the Union Budget was presented on February 27, a Saturday.
Union Finance Minister Nirmala Sitharaman on Sunday left from Kartavya Bhavan for Rashtrapati Bhavan carrying her trademark 'bahi-khata', a tablet wrapped in a red-coloured cloth bearing a golden-coloured national emblem on it.
BJP Spokesperson Prakash Reddy expects Telangana to receive its fair share of allocation in the Union Budget 2026.
The state is seeking funding support for key projects such as the Regional Ring Road, Hyderabad Metro Rail Phase-II, and Musi River rejuvenation.
Union Finance Minister Nirmala Sitharaman, along with MoS Pankaj Chaudhary departed from their residence for Kartavya Bhavan ahead of the presentation of Union Budget 2026. The North Block houses the Ministry of Finance.
The headquarters of Ministry of Finance, which was earlier situated at North Block has now been shifted to Kartavya Bhavan at Janpath.
Sitharaman is set to present her ninth consecutive Union Budget, which will see her equal former Finance Minister P. Chidambaram's record and surpass that of Pranab Mukherjee. Former Prime Minister Morarji Desai continues to hold the record for presenting the most Union Budgets in independent India.
Uttar Pradesh minister Suresh Kumar Khanna on Sunday said he hopes the Union Budget will accelerate development and generate more employment opportunities.
He also expressed confidence that it will further boost business growth under Prime Minister Narendra Modi's leadership.
Speaking to ANI in Lucknow, Khanna said, "I hope this budget will move the development forward. The budget will also include provisions to create as many jobs as possible. Under the guidance of PM Modi, the country became the 4th largest economy... I hope that businesses will increase."
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