March 3, 2026

Business

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Union Budget 2026: Govt waives customs duty on cancer and rare disease drugs — key health sector updates

contact@dailyupdatesindia.com02 mins

Finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman, presenting her ninth consecutive Union Budget on Sunday, announced several major healthcare measures, including customs duty waivers on 17 cancer drugs and duty exemptions for medicines for seven rare diseases. The finance minister highlighted India’s economic stability, fiscal discipline, and sustained growth under the Narendra Modi-led NDA…

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Union Budget 2026: Big push to ‘future ready’ infra, FM hikes capex by 9%

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Union finance minister Nirmala Sitharaman on Sunday announced a nearly 9 per cent increase in capital expenditure, raising the allocation to Rs 12.2 lakh crore for FY 2026-27, as the government doubled down on infrastructure-led growth under its “future-ready Bharat” push.Presenting the Union Budget in Parliament, Sitharaman said the higher allocation was aimed at sustaining…

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Union Budget 2026: FM Sitharaman flags health challenges; unveils Rs 10,000 crore Biopharma Shakti

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. Finance minister Nirmala Sitharaman, while presenting the Union Budget 2026–27 on Sunday, unveiled a Rs 10,000 crore biopharma initiative and announced the expansion of Ayurveda institutions to meet growing global demand for traditional medicine. To bolster India’s position as a global biopharma hub, the Budget proposed Biopharma Shakti, a new initiative with an outlay…

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Banking Sector Budget 2026 Live: Nirmala Sitharaman announces ‘Banking for Viksit Bharat’ panel

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Union finance minister Nirmala Sitharaman on Sunday announced the setting up of a high-level committee on “Banking for Viksit Bharat”, signalling a comprehensive review of the financial sector as India prepares for its next phase of economic growth.“I propose setting up a high-level committee on banking for Viksit Bharat to comprehensively review the sector and…

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From ‘bahi-khata’ to tablet: Tracing Nirmala Sitharaman’s Union Budget journey since 2019

contact@dailyupdatesindia.com05 mins

Finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on February 1, marking a rare Sunday sitting and a first in independent India’s history. The Union Budget for FY27 (April 2026–March 2027) is expected to outline measures to sustain growth momentum, maintain fiscal discipline and push reforms…

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Railway Budget 2026 Live Updates: Vande Bharat sleeper, Amrit Bharat trains & Kavach – what will FM Sitharaman focus on?

contact@dailyupdatesindia.com03 mins

Railway Budget 2026: Finance Minister Nirmala Sitharaman may announce yet another record capital expenditure allocation for Indian Railways in Union Budget 2026. In the last five years, railway budget allocations have grown exponentially, as the government focused on infrastructure as a driver of economic growth.Till 2017, the Railway Budget was presented separately. Suresh Prabhu was…

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