Union Budget 2026 Key Points Under 5 Minutes |Top Highlights You Must Know | CA Pushpalata Patil

Описание: Union Budget 2026 Overview: Government's Long-Term
Economic Vision | UPSC Prelims 2026
Union Budget 2026 presents a clear shift in India's economic approach, focusing on long-term stability rather than short-term populist measures. This Budget builds directly on the Economic Survey's assessment and reflects the government's evolving philosophy in a globally uncertain environment.
In this Budget 2026 overview, we break down the core ideas shaping the Union Budget:
Action Over Ambivalence
Instead of launching multiple new schemes, the government has prioritised effective execution, timely implementation, and on-ground delivery of existing programmes. Governance is moving from announcements to outcomes.
Reform Over Rhetoric
Budget 2026 emphasises structural reforms, fiscal discipline, and policy credibility over symbolic or politically attractive promises. This aligns with recommendations from economists and constitutional bodies on sustaining economic growth.
People Over Populism
The government has consciously moved away from short-term freebies and vote-centric policies, focusing instead on capacity building, participation, and empowerment.
Citizens are envisioned as partners in development, not passive beneficiaries.
Long-Term Vision: Viksit Bharat @2047
The Budget supports the long-term goal of sustained 7% growth, controlled inflation, capital expenditure-led development, and trust-based governance. Public investment remains central while maintaining fiscal.


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Budget 2026 LIVE: Finance Minister Nirmala Sitharaman's
Budget Speech LIVE | Union Budget 2026 LIVE
The Budget Session 2026 is live in the Lok Sabha as Finance Minister Nirmala Sitharaman presents key updates with major announcements expected. PM Narendra Modi and senior leaders participate as Parliament debates bills, reforms, and financial priorities for the new fiscal year.
Union Budget Countdown LIVE: Nirmala Sitharaman
Budget | Budget 2026 | Parliament Session LIVE
Watch LIVE coverage, expert analysis, and real-time updates only on News18.
#BudgetSession2026 #LokSabhaLive #UnionBudget #NirmalaSitharaman #PMModi #Parliament


🇮🇳 Union Budget 2016 – Key Highlights
📊 Fiscal & Economy
Fiscal Deficit target: 3.5% of GDP for FY 2016–17
Disinvestment target: ₹56,500 crore
Focus on fiscal discipline + growth + reforms
🌾 Focus Areas (9 Pillars)
Agriculture & Farmers’ welfare
Rural sector
Social sector (health, education, skill development)
Infrastructure & Investment
Financial sector reforms
Governance & Ease of Doing Business
Tax reforms
Fiscal discipline
🛣️ Infrastructure Push
Total outlay ~ ₹11.5 lakh crore for infrastructure
Big push to:
Roads & highways
Railways
Irrigation
Urban infrastructure
🏡 Housing & Real Estate
Affordable housing gets infrastructure status
100% tax exemption on profits for affordable housing projects
Extra deduction of ₹50,000 on home loan interest for first-time buyers (u/s 80EE)
Conditions: Loan ≤ ₹35 lakh, House value ≤ ₹50 lakh
💼 Startups & Business
100% tax deduction for startups for 3 out of 5 years
Continued roadmap to reduce corporate tax to 25%
MAT credit carry forward period increased from 10 years to 15 years
💰 Tax Proposals (Individuals)
No change in income tax slabs
10% surcharge on individuals earning above ₹1 crore
Krishi Kalyan Cess @ 0.5% on services → Service tax became 15%
Proposal to tax EPF interest above a limit (later rolled back after protests)
👴 Senior Citizens & Social Sector
Increased focus on:
Health insurance for senior citizens
Pension & social security schemes
More funds for education, skills & healthcare
🏦 Financial Sector & Reforms
Push for banking reforms
UDAY scheme for discom revival supported
Amendments for better bankruptcy & insolvency framework
📌 In Short:
Budget 2016 focused on Infrastructure + Agriculture + Affordable Housing + Fiscal Discipline
No big relief in income tax slabs, but strong push for growth and reforms
Introduced Krishi Kalyan Cess and incentives for housing & startups