union budget | DD News

March 3, 2026 2:22 PM

PM Modi calls for manufacturing push, sustainability focus in post-Budget webinar

Prime Minister Narendra Modi on Tuesday said this year’s Union Budget reinforces the government’s commitment to sustaining and strengthening economic growth, urging industry and stakeholders to seize emerging global opportunities. Addressing the second installment of the post-Budget webinar series on the theme “Sustaining and Strengthening Economic Growth,” the Prime Minister underlined that India’s direction and resolve are clear - “Build more, produce more, connect more, export mo...

February 23, 2026 4:30 PM

‘Make in India’ helps create lakhs of jobs, women biggest beneficiaries: Ashwini Vaishnaw

Women have been the biggest beneficiaries under the ‘Make in India’ initiative which created lakhs of direct and indirect jobs, Union Minister Ashwini Vaishnaw said on Monday. IT Minister said that ‘Make in India’ initiative has created jobs and provided skilling at an unprecedented scale. The Apple ecosystem alone has created at least 250,000 direct jobs, with 70 per cent beneficiaries being women. Moreover, the ecosystem has generated at least 7,50,000 indirect jobs. “India is pre...

February 16, 2026 1:13 PM

PM Modi outlines reform-driven growth roadmap, manufacturing push and women-led development

Prime Minister Narendra Modi outlined an ambitious roadmap for India’s economic transformation, emphasising structural reforms, manufacturing expansion, women-led development and global trade integration in an exclusive interview with Press Trust of India (PTI). Speaking on a wide range of issues - from the Union Budget 2026-27 and trade agreements to defence modernisation and the government’s “Reform Express” - PM Modi said India is entering a decisive phase of growth as it works towar...

February 3, 2026 9:36 PM

India charts rare earth roadmap with manufacturing push and dedicated corridors

India is stepping up its strategy to secure critical minerals and advanced materials, with the Union Budget 2026–27 announcing the creation of Dedicated Rare Earth Corridors across Odisha, Kerala, Andhra Pradesh and Tamil Nadu. Combined with a ₹7,280 crore Rare Earth Permanent Magnet (REPM) Manufacturing Scheme approved in November 2025, the initiatives mark a decisive move towards self-reliance in materials vital for electric vehicles, renewable energy, electronics, aerospace and defence. ...

February 3, 2026 9:34 PM

Union Budget 2026-27 boosts electronics manufacturing with Rs 40,000 crore outlay for ECMS

The Union Budget 2026-27 has given a major fillip to India’s fast-growing electronics manufacturing sector by raising the outlay of the Electronics Components Manufacturing Scheme (ECMS) to ₹40,000 crore. The enhanced allocation underscores the government’s commitment to deepening domestic manufacturing capabilities, strengthening the component ecosystem, and positioning India as a global hub for advanced electronics. Over the last decade, India’s electronics sector has witnessed a dram...

February 3, 2026 9:32 PM

Union Budget 2026-27 reinforces capital goods sector as backbone of India’s investment-led growth

The Union Budget 2026-27 has reaffirmed the capital goods sector as a central pillar of India’s industrial and infrastructure strategy, with a strong emphasis on public capital expenditure, high-precision manufacturing, and long-term capacity creation. Backed by sustained government investment and targeted policy support, the sector is poised to play a critical role in accelerating economic growth and strengthening India’s global manufacturing competitiveness. Over the past decade, governme...

February 3, 2026 4:14 PM

EPFO welcomes alignment of income tax rules for provident funds in Union Budget

The Employees’ Provident Fund Organisation (EPFO) has welcomed the rationalisation of the income tax framework governing recognised provident funds announced in the Union Budget 2026-27, saying the move will bring much-needed clarity, reduce litigation, and better serve stakeholders. Under the existing system, recognised provident funds are governed by Schedule XI of the Income Tax Act, 2025, while exemptions and operational provisions are regulated under the Employees’ Provident Funds and ...

February 2, 2026 7:01 PM

Mansukh Mandaviya launches ‘MY Bharat Budget Quest 2026’ to engage youth with Union Budget

Union Minister for Youth Affairs and Sports Dr. Mansukh Mandaviya on Monday launched ‘MY Bharat Budget Quest 2026’, a nationwide youth-focused initiative aimed at deepening young citizens’ understanding of the Union Budget and making budgetary provisions more accessible and citizen-centric. The initiative seeks to connect the Union Budget 2026 with the everyday lives of citizens by engaging youth from colleges, educational institutions and coaching centres across the country through a str...

February 1, 2026 9:45 PM

Union Budget 2026-27 proposes three new chemical parks

The Union Budget 2026-27 has proposed the establishment of three new dedicated Chemical Parks to strengthen domestic chemical manufacturing and reduce India’s dependence on imports. Presenting the Budget in the Parliament, Finance Minister Nirmala Sitharaman said the Chemical Parks will be developed through a challenge-based route on a cluster-based, plug-and-play model. The initiative is aimed at enhancing scale, efficiency and competitiveness in the chemicals sector. The government will als...

February 1, 2026 9:48 PM

Union Budget 2026-27 reaffirms commitment to affordable fertilisers and farmer support

The Union Budget 2026-27 has reiterated the government’s commitment to ensuring the timely availability of fertilisers to farmers at affordable prices, while supporting domestic production and promoting balanced and sustainable nutrient use. Presenting the Budget in Parliament, Finance Minister Nirmala Sitharaman announced an estimated net allocation of ₹1.71 lakh crore for the Department of Fertilisers in 2026–27. The allocation aims to shield farmers from volatility in global fertiliser...