09 Feb 2026

Prakash Javadekar has termed the Union Budget for 2026-27 progressive and growth-oriented, stating that it lays a firm foundation for the vision of Viksit Bharat. He said the Budget focuses on reforms, fiscal discipline, and manufacturing-led growth while supporting agriculture, MSMEs, and infrastructure. Higher tax devolution to states, including a record allocation for Maharashtra, and a continued emphasis on Aatmanirbhar Bharat were highlighted as key outcomes aimed at strengthening long-term economic growth.Read more

09 Feb 2026

Union Minister of State Rao Inderjit Singh has urged the Haryana government to increase budgetary allocations for infrastructure development and environmental protection in Gurgaon and Rewari. In a representation to the chief minister, he highlighted growing pressure on roads, public transport, waste management and water systems due to rapid urbanisation. Singh pointed to daily garbage generation of about 1,200 tonnes in Gurgaon and 700-800 tonnes in Rewari, concerns around pollution in the Aravalli region, and the need for better transport connectivity, drainage and road safety measures.Read more

08 Feb 2026

The government has raised its capital expenditure by nearly 9% for the upcoming fiscal, targeting INR 12.2 lakh crore to sustain economic growth and modernise infrastructure, especially in Tier 2 and Tier 3 cities. Roads and railways account for almost half of the outlay, aiming to lower logistics costs and improve connectivity. An Infrastructure Risk Guarantee Fund is proposed to boost private developer confidence, while initiatives to enhance domestic construction and infrastructure equipment manufacturing are planned. Experts note that private investment remains crucial to fully meet India's infrastructure needs.Read more

Pune News Desk

07 Feb 2026

The Union Budget for 2026-27 has allocated INR 517 crore for the Pune Metro project to support ongoing construction and planned network expansion. The funding is aimed at completing pending Phase I works and moving preparatory activities for Phase II corridors. Key focus areas include the Pimpri Nigdi elevated stretch and the Swargate Katraj underground section. With daily ridership remaining above two lakh passengers, the allocation reflects sustained demand for metro services across Pune and Pimpri-Chinchwad.Read more

07 Feb 2026

The Union Budget 2026-27 has drawn a positive response from real estate stakeholders, who see it as a long-term, infrastructure-led blueprint for urban growth. A sharp rise in capital expenditure, continued focus on Tier II and Tier III cities, and improved connectivity through high-speed rail corridors and City Economic Regions are expected to open new real estate growth corridors beyond metros. Industry leaders have also welcomed measures around REIT expansion, asset monetisation, financial sector reforms and simplified tax and compliance processes for NRIs and foreign investors, which are expected to improve liquidity, transparency and investor confidence across residential and commercial segments.Read more

06 Feb 2026

The Union Budget has received a positive response from the India Energy Storage Alliance and industry experts for measures supporting electronics manufacturing, battery storage and clean energy. Key announcements include an INR 40,000 crore push for electronics components, customs duty exemptions for battery energy storage systems, chemical parks and rare earth corridors. However, the industry has flagged missing support for lithium and nickel refining and battery recycling. While the higher capital expenditure and solar incentives improve investment visibility, experts say gaps in the battery value chain and cost challenges still need policy attention.Read more

05 Feb 2026

The Union Budget has allocated INR 616.88 crore for the Sagarmala programme, slightly lower than last year's revised estimates of INR 699 crore and previous projections of INR 866 crore. The Budget also sets aside INR 1,000 crore for the newly approved Maritime Development Fund to support shipbuilding, port development, and maritime financing. Additional allocations include INR 515 crore under the Shipbuilding Financial Assistance Scheme and INR 250 crore for the Shipbuilding Development Scheme. These provisions aim to strengthen infrastructure, capacity, and risk management in India's maritime and shipbuilding sectors.Read more

05 Feb 2026

India's 2026-27 Budget includes a 20-year tax holiday for foreign companies providing global cloud services through MeitY-notified data centres in the country. The scheme protects these firms from having their global income taxed in India, while services for Indian customers must go through a domestic reseller. To qualify, companies must meet four conditions, including being notified under the Companies Act and partnering with an Indian data centre. Profits from domestic activities remain taxable, with a 15% safe harbour margin for related entities. The initiative aims to boost data centre investment.Read more

05 Feb 2026

The Union Budget for FY27 has laid strong emphasis on infrastructure development, MSME support, and manufacturing-led growth, drawing positive responses from industry leaders. Higher public capital expenditure, measures to strengthen domestic supply chains, and initiatives aimed at rural and small-town development are expected to support long-term investment and employment. Consumer goods companies believe the focus on infrastructure, logistics, and MSMEs will improve market access, cost efficiency, and demand stability, while reinforcing confidence in India's medium-term economic outlook.Read more

04 Feb 2026

The government has raised the UDAN scheme's allocation by 27 per cent to INR 550 crore for the next financial year, up from INR 434.50 crore, to expand air connectivity in smaller towns and underserved regions. The Civil Aviation Ministry's overall budget has risen slightly to INR 4,699.92 crore, with higher funding for regulators DGCA and BCAS. Customs support at 27 tier II and tier III airports is also covered, while the drone PLI scheme remains unfunded. The initiative focuses on reviving dormant airstrips and making air travel more accessible.Read more