NK Singh Praises Budget 2026: 'Finance Minister Has Been Credible, Sagacious And Responsible'

Описание: On this special report, economist and former Chairman of the 15th Finance Commission N.K. Singh analyses the latest Union Budget. Singh commends Finance Minister Nirmala Sitharaman for her commitment to fiscal consolidation despite global uncertainties, stating, 'the finance minister has been credible, she has been sagacious, and she has been responsible.' He highlights the government's focus on infrastructure investment, which has reached over 11 lakh crore, and the ambitious target of reducing the fiscal deficit to 4.3% next year. Addressing urban development, Singh notes that while 8,000 crore previously allocated for new cities remained underutilised, the new budget unveils deeper reforms for urban rejuvenation and growth clusters. The discussion, anchored by Rajdeep Sardesai, also touches upon the challenges of urban governance and the need for state-level devolution to ensure the success of large-scale projects like the Smart Cities Mission and research and development initiatives.

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