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Nirmala Sitharaman to present ninth Union Budget with reforms in focus

Nirmala Sitharaman will present her ninth consecutive Union Budget today, with expectations centred on reforms, growth priorities, rural development and capital expenditure.

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Union budget 2026

Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget today, marking another key moment in India’s economic policy calendar. The Budget is expected to lay out measures aimed at sustaining growth in what remains the world’s fastest-growing major economy.

For fiscal 2027, policy priorities are likely to include defence, infrastructure, capital expenditure, power and faster growth in affordable housing, according to expectations ahead of the presentation.

Shift in Budget speech structure

This year’s Union Budget is expected to break with a long-standing tradition in the structure of the finance minister’s speech. Until now, most major policy announcements were typically made in Part A, while Part B focused on taxation. This time, Part B is expected to be used to present a broader vision for India’s economic future.

The finance minister is also expected to outline short-term priorities as well as longer-term goals, positioning India’s economic strategy as the country moves deeper into the 21st century, with emphasis on domestic strengths and global ambitions.

Market backdrop ahead of Budget

Ahead of the Budget presentation, equity markets opened lower. Gold and silver futures also declined sharply on the Multi Commodity Exchange, extending the impact of a severe two-day global sell-off.

India’s economy has so far remained resilient despite punitive tariffs imposed by the United States under President Donald Trump. Growth is forecast at 7.4 per cent for the year ending March 31, supported by government spending on infrastructure and tax measures that boosted consumption.

Focus on rural development and jobs

Rural development and agriculture are expected to be among the top priorities in Union Budget 2026. The finance minister may announce higher allocations for programmes aimed at expanding employment opportunities in rural areas.

The Rural Development Ministry has sought a sharp increase in funding for the new employment guarantee scheme, ‘Viksit Bharat – G Ram G’ or VB-G Ram G, proposing a budget of Rs 1.51 lakh crore, a 72 per cent rise. In comparison, the Mahatma Gandhi National Rural Employment Guarantee Scheme received Rs 86,000 crore in the previous Budget.

Fiscal deficit and capital expenditure

The budgeted fiscal deficit for fiscal 2026 is estimated at 4.4 per cent of gross domestic product. With the government having achieved a consolidation path that brought the deficit below 4.5 per cent, markets will closely watch signals on further debt-to-GDP reduction.

Capital expenditure for the current fiscal year has been budgeted at Rs 11.2 lakh crore. The government is expected to continue prioritising capex, with a possible increase of 10 to 15 per cent, as private sector investment remains cautious.

Investment reforms and global challenges

Further policy changes aimed at attracting domestic and foreign investment are also expected. These may include steps to make it easier for foreign companies to invest in defence firms that already hold licences.

The Union Budget 2026 comes at a time of mixed signals globally. While domestic demand remains steady and inflation has eased from recent highs, uncertainties linked to geopolitics, commodity price volatility and uneven monetary policy easing by major central banks continue to pose challenges.

India News

Petrol bomb hurled at BJP leader’s clinic in Bathinda ahead of CM Mann’s visit

A petrol bomb was thrown at BJP leader Dr Tarsem Garg’s clinic in Bathinda, sparking panic and prompting a police investigation ahead of CM Bhagwant Mann’s visit.

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A petrol bomb was allegedly thrown at the clinic of BJP leader Dr Tarsem Garg in Punjab’s Bathinda, triggering panic in the area and prompting a police investigation. The incident occurred late on Monday night, just ahead of Punjab Chief Minister Bhagwant Mann’s scheduled visit to the city.

According to preliminary information, two masked individuals were involved in the attack. CCTV footage reportedly showed one suspect lighting a bottle filled with petrol while another recorded the incident. The burning bottle was then thrown inside the clinic premises before the accused fled the spot.

The sudden explosion-like sound created panic among nearby residents, who rushed to the clinic after the attack. No injuries were reported, although some property, including a parked scooty and plants in the courtyard, was damaged. Burn marks were also found at the site.

Dr Tarsem Garg said he had not received any threats and was unaware of any personal enmity that could have led to the incident. Police teams reached the spot soon after receiving information and began collecting evidence. Senior officers inspected the scene and are analysing CCTV footage to identify the attackers.

SP City Narinder Singh confirmed that two unidentified individuals were involved in the attack and said multiple teams have been deployed to trace the accused. The incident has raised security concerns, particularly because of the chief minister’s visit to Bathinda.

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Many mocked us as an actors party: Vijay responds to critics in first detailed Assembly speech

Tamil Nadu Chief Minister Vijay said TVK was once mocked as an “actors’ party” as he delivered his first detailed speech in the state Assembly.

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Actor vijay

Tamil Nadu Chief Minister and Tamilaga Vettri Kazhagam (TVK) chief Vijay on Monday delivered his first detailed speech in the state Assembly, using the occasion to respond to critics who had earlier dismissed his party as merely an “actors’ party”.

Addressing the House, Vijay said several people had ridiculed TVK when it entered politics, questioning whether a party led by film personalities could succeed. He, however, asserted that the electoral mandate received by his party had answered those criticisms.

The Chief Minister said political movements should be judged by their commitment to public welfare and governance rather than the backgrounds of those leading them. He stressed that the people of Tamil Nadu had placed their trust in his party and that the government would work to honour that faith.

Vijay invokes leaders who faced criticism

During his address, Vijay recalled that several prominent leaders in Tamil Nadu’s political history had also faced scepticism before rising to power. He said doubts about experience and capability were not new in politics and noted that public support ultimately determines political success.

The TVK leader reiterated his government’s commitment to transparency, accountability and ensuring that the Assembly functions in a democratic manner, with adequate space for both the ruling side and the opposition. He said the interests of the state’s people would remain the government’s top priority.

Vijay’s speech drew attention as it marked his first comprehensive intervention in the Assembly since assuming office as Chief Minister following the 2026 Tamil Nadu Assembly elections.

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Delhi records 38.4°C as air quality turns poor, IMD forecasts cloudy skies

Delhi recorded a maximum temperature of 38.4°C, while air quality slipped to the poor category. IMD has predicted partly cloudy skies with chances of thunderstorms and light rain.

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Delhi NCR weather update

Delhi recorded a maximum temperature of 38.4 degrees Celsius on Monday, slightly below the seasonal average, even as residents continued to experience hot and humid weather conditions.

According to the India Meteorological Department (IMD), the national capital is expected to witness partly cloudy skies during the day, with the possibility of thunderstorm activity and light rainfall in some areas later in the evening or during the night. Strong surface winds are also likely during the day.

The city’s air quality, however, deteriorated and slipped into the ‘poor’ category, raising concerns over deteriorating atmospheric conditions. Authorities have advised vulnerable groups, including children, elderly people and those with respiratory ailments, to limit prolonged outdoor exposure.

Weather officials said temperatures in Delhi remained marginally lower than normal, but high humidity levels continued to make conditions uncomfortable for residents. The “feels like” temperature remained significantly higher due to moisture in the air.

The IMD has forecast partly cloudy conditions over the next few days, with chances of very light to light rainfall and thunderstorms in parts of Delhi-NCR. Gusty winds ranging between 20 and 30 kmph, reaching up to 40 kmph at times, are also expected.

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