Union Budget 2026

India's Finance Minister Nirmala Sitharaman chose a white checked saree with magenta and gold border as her chosen attire to present the Union Budget 2024 on Tuesday.The finance minister's handloom saree collection is truly enviable.

President Droupadi Murmu offered 'dahi-cheeni' to Finance Minister Nirmala Sitharaman at Rashtrapati Bhavan before the presentation of Budget 2024. Sitharaman, India's first full-time woman Finance Minister, will highlight the government's priorities in sectors like agriculture, infrastructure, education, and healthcare, aiming for 7% economic growth

The survey will give detailed insights of the state of the economy in the past financial year 2023-24, and some outlook for the current fiscal. It is one of the key economic documents in the country, which sets the stage for the Union Budget.

Until 1999, the Union Budget was presented at 5 pm in India on the last working day of February. Years later, even the date was changed. But why? Continuing the tradition, Sitharaman will present the budget at 11 am on Tuesday.

Another notable piece of legislation is the Disaster Management (Amendment) Bill, which seeks to enhance clarity and coordination among various organizations involved in disaster management. This amendment is expected to improve response strategies and operational efficiency during emergencies.

As Modi 3.0 governmentprepares to unveil its first budget since assuming power, expectations within India's electric vehicle (EV) industry are high, anticipating bold reforms and strategic allocations to propel sustainable growth.

Parliamentary Affairs Minister Kiren Rijiju announced on Saturday that the Budget Session 2024 will commence on July 22 and continue until August 12. The Union Budget will be presented in the Lok Sabha on July 23.

During a GST Council meeting, Kerala's Finance Minister K N Balagopal advocated for increasing the state's share in GST to 60% from the current 50%. He highlighted issues with the current system affecting Kerala's IGST share and emphasized the need for reforms.

On June 27, President Droupadi Murmu will address a joint sitting of the Lok Sabha and Rajya Sabha, likely outlining the new government's roadmap for the next five years. The initial three days of the session will be dedicated to the swearing-in of new leaders and the election of the Speaker.

The Narendra Modi government has taken significant steps to bolster support for farmers across India by announcing a substantial increase in the Minimum Support Prices (MSP) for various agricultural commodities. Annually, MSPs are declared for 22 major crops, including Kharif, Rabi, and commercial crops.

Karnataka Chief Minister Siddaramaiah, in collaboration with Deputy CM DK Shivakumar, announced a non-political protest at Delhi's Jantar Mantar on February 7 against the central government's alleged economic exploitation of the state. He emphasized the unfair distribution of funds, citing Karnataka's minimal returns despite being a major tax contributor.

Deputy Chief Minister D.K. Shivakumar announced that the Karnataka government will stage a protest in Delhi on February 7th, highlighting the alleged injustice the state faced in the Union Budget. Addressing a media conference at Vidhana Soudha, Shivakumar alleges that the BJP government at the Centre has subjected it to "step-motherly treatment" in budget and other fund allocations.

Union Finance Minister Nirmala Sitharaman presented her last Budget or Interim Budget ahead of the 2024 Lok Sabha elections, emphasizing a substantial boost to infrastructure spending and outlining the government's upcoming "golden moments."

Finance Minister Nirmala Sitharaman highlights the significance of the India-Middle East-Europe trade corridor in her budget speech, emphasizing its potential impact on India and the global economy.

The focus on key pillars such as youth, poverty alleviation, women empowerment, and agricultural development aligns with the government's broader agenda for comprehensive and sustainable growth.