Union Finance Minister Nirmala Sitharaman unveiled the Union Budget 2026 with a clear push toward higher capital expenditure while keeping personal income tax slabs unchanged. The Budget also offers targeted positives for NRIs, positioning the government’s roadmap around investment-led growth without altering tax brackets for individuals. The mix of capex momentum and stability in taxation is the standout takeaway.
Finance Minister Nirmala Sitharaman called Congress chief Mallikarjun Kharge’s “terrorist” remark about PM Narendra Modi “atrocious,” saying it marks a new low for the party. Kharge later clarified he was referring to Modi allegedly “terrorizing” opponents via central agencies, not labeling him a terrorist. Union minister Piyush Goyal joined the backlash, accusing the Gandhi family of choking democracy.
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Finance Minister Nirmala Sitharaman said India’s growth is being sustained by domestic consumption and that predictable policy support is crucial to keep GDP momentum steady. She also flagged work underway to review the “open architecture” framework for banks selling third-party products, stressing that even as digitalization accelerates, banks must prioritize strong customer connect.
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