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.