Union Budget 2026 10 Big Announcements
By: NDTVNewsDesk
Image: PTI
Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in the parliament today. This was her 9th consecutive Budget.
Image: PTI
Here is a look at the 10 big announcements she made during her Budget speech that lasted for about 84 minutes.
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Ms Sitharaman announced more time to revise tax returns with payment of nominal fee.
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People with ITR-1 and ITR-2 forms can file returns till July 31 and non-audit business cases and trusts to file returns till August 31.
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She announced tax holiday till 2047 for foreign firms that provide cloud services by setting up data centres in India.
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The Finance Minister also announced setting up of a High-level committee on banking for 'Viksit Bharat'.
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She said that India will develop 7 high-speed rail corridors between cities as growth connectors.
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She also proposed a capital expenditure set at Rs 12.2 lakh crore for fiscal 2027.
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The Finance Minister proposed to launch Mahatma Gandhi Gram Samaj initiative for Khadi and handicrafts.
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She proposed a targeted effort to increase farmer income and support for high-value crops such as coconut, sandalwood and walnuts.
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She proposed Rs 10,000 crore for 'Biopharma Shakti' for 5 years, creation of network of 1,000 accredited trial sites and medical hubs for AYUSH centres.
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She also proposed creation of hubs for medical value tourism and setting up of new National Institute of Hospitality.
Image: PTI
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