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Union Budget 2026 LIVE: 'Tax holiday' till 2047 for cloud services: FM

Hello Readers! Finance Minister Nirmala Sitharaman has begun the much-anticipated Union Budget speech for FY27 in the Lok Sabha. This is her record ninth Budget. She incidentally, also holds the record for the longest Budget speech in India's history. Starting off, Sitharaman said how the Modi govt has chosen reforms over rhetoric. India will continue to take steps towards Viksit Bharat, she added. FM proposed interventions in 6 sectors, including manufacturing, strategic and frontier sectors, healthcare and advanced technology. Budget also proposed to set up Rs 10,000 crore to create champion SMEs. Propose setting up high level committee on 'Banking for Viksit Bharat'. The govt also seemed to be keeping in mind election-bound states and proposed a rare-earth corridor for states including Tamil nadu and Kerala. Stay tuned to track the latest updates.
Last Updated : 01 February 2026, 06:45 IST
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Highlights
11:5401 Feb 2026

FM announces development of East Coast industrial corridor

11:4901 Feb 2026

Union Budget 2026 LIVE | FM Sitharaman proposes to develop 'Bharat Vistaar', multi-lingual AI agri tool

11:3901 Feb 2026

Union Budget 2026 LIVE | Govt to set up one girls' hostel in every district of country: FM Sitharaman

11:1501 Feb 2026

FM announces establishment of rare-earth corridor for Kerala, Tamil Nadu, Odisha & Andhra Pradesh

10:5801 Feb 2026

Union Budget 2026 LIVE | This Budget is for Viksit Bharat, prepared keeping in mind goal of 2047: PM Modi 

10:3901 Feb 2026

Union Budget 2026 LIVE | Cabinet approves Union Budget 2026-27

12:1501 Feb 2026

Union Budget 2026 LIVE | FM proposes to exempt Minimum Alternate Tax for non-residents who pay tax on presumptive basis

12:1101 Feb 2026

Union Budget 2026 LIVE | 'Tax holiday' till 2047 for cloud services: FM

12:0401 Feb 2026

Union Budget 2026 LIVE | TCS on health education cut to 2%

12:0201 Feb 2026

Union Budget 2026 LIVE | FM proposes rule-based automated process for small taxpayers in FY27 Budget

12:0001 Feb 2026

Union Budget 2026 LIVE | Govt provides Rs 1.4 lakh crore as tax devolution to states in FY27: FM

Published 01 February 2026, 02:43 IST

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