Gopocket

Gopocket Live Updation (Budget 2026): Fiscal Consolidation and Budget Estimates Presenting the Budget Estimates for 2026–27, the Finance Minister highlighted the government’s continued focus on fiscal consolidation alongside growth. The debt-to-GDP ratio is estimated at 55.6 per cent in BE 2026–27, improving from 56.1 per cent in the Revised Estimates (RE) for 2025–26. The fiscal deficit for BE 2026–27 is projected at 4.3 per cent of GDP, lower than the 4.4 per cent of GDP estimated in BE 2025–26. On the receipts side, non-debt receipts are estimated at Rs 36.5 lakh crore in BE 2026–27, while the Centre’s net tax receipts are pegged at Rs 28.7 lakh crore. The government has projected total expenditure at Rs 53.5 lakh crore for 2026–27, reflecting continued support for key programmes while adhering to the fiscal consolidation path.

Gopocket Live Updation (Budget 2026): FM Sitharaman proposes 5 medical tourism hubs Finance minister Nirmala Sitharaman on Sunday announced plans to establish five regional hubs for medical tourism and proposed a Rs 10,000-crore allocation for the Biopharma Shakti programme over the next five years. Presenting the Union Budget, she said, “I propose to launch a scheme to support states in establishing five regional medical hubs,” which will function as integrated healthcare complexes combining medical, educational, and research facilities. On the Biopharma Shakti programme, Sitharaman said, “With an outlay of Rs 10,000 crore over the next five years, this will build the ecosystem for domestic production of biologics and biosimilars.” The initiative will include a biopharma-focused network with three new National Institutes of Pharmaceutical Education and Research (NIPERs) and upgrades to seven existing institutes. She added that the programme will create a network of 1,000 accredited clinical trial sites across India. “We propose to strengthen the Central Drug Standard Control Organisation to meet global standards and enforce approval timelines through a dedicated scientific review cadre and specialists,” she said. Sitharaman also proposed setting up three new All India Institutes of Ayurveda as part of the government’s push to expand traditional and modern healthcare infrastructure.

Gopocket Live Updation (Budget 2026): Finance minister brings up country's gaming and animation sector FM Sitharaman said, "India’s Animation, Visual Effects, Gaming and Comics AVGC sector is a growing industry, projected to require 2 million professionals by 2030. I propose to support the Indian Institute of Creative Technologies, Mumbai in setting up AVGC Content Creator Labs in 15,000 secondary schools and 500 colleges."

Gopocket Live Updation (Budget 2026): Capacity Building AI Missions proposed for 25 Crore During her Budget speech, the Finance Minister said the government is placing strong emphasis on emerging technologies, particularly artificial intelligence, as a driver of inclusive growth and national progress. She highlighted that multiple national missions have been launched to strengthen innovation and research across the country. Key Points: • Emerging Technologies: Adoption of AI and tech advancements highlighted as essential for inclusive national progress. • Technology Missions: Support extended through AI missions, national quantum mission, Anusandan National Research Fund, and Research and Development and Innovation Fund.

Gopocket Live Updation (Budget 2026): FM Sitharaman on banking Union Budget 2026: Union finance minister Nirmala Sitharaman said, "I propose setting up a high-level committee on banking for Viksit Bharat to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption. In order to achieve scale and improve efficiency in the public sector NBFCs, as a first step, it is proposed to restructure the Power Finance Corporation and Rural Electrification Corporation."

Gopocket Live Updation (Budget 2026): Sitharaman's pledge to support high value crops like coconut and cashew; more on Khelo India Mission – To support high value crops such as coconut, cashew in coastal areas. Sitharaman promised to work towards making India self-relaint in their production and trade. – Propose to launch Kehlo India Mission for sports sector for 10years – To launch credit linked subsidy programme for animal husbandry – To deveop 15 archaelogical sites into cultural destinations

Gopocket Live Updation (Budget 2026): 7 high-speed rail corridors: Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bangalore, Hyderabad-Chennai, Chennai-Bangalore, Delhi-Varanasi, and Varanasi-Siliguri.

Gopocket Live Updation (Budget 2026): Additional Rs 2,000 crore for micro enterprise risk capital access

Gopocket Live Updation (Budget 2026): FM Sitharaman on railways FM Nirmala Sitharaman, in her budget presentation in Lok Sabha, proposed developing 7 high speed corridors between cities as growth connectors.

Gopocket Live Updation (Budget 2026): FM Sitharaman launches 'India Semiconductor Mission 2.0' Presenting the Union Budget 2026, Finance Minister Nirmala Sitharaman announced the launch of the India Semiconductor Mission (ISM) 2.0, with an outlay of Rs 40,000 crore, aimed at building on the gains of the earlier phase and accelerating growth in the semiconductor sector.

Gopocket Live Updation (Budget 2026): Budget 2026 Announcements in Education sector – Will support states to set up 5 university townships near industrial corridors – One girls hostel will be established in every district – 4 telescope facilities for astrophysics and astronomy – New National INstitute of Design in North East – Multiple universities and reasearc institutions – Propose loan linked subsidy suppport for veterenary colleges – Propose pilot scheme to train 10,000 guides from 20 tourism spots

Gopocket Live Updation (Budget 2026): Sitharaman on healthcare: 5 regional medical hubs - FM announced scheme to support states with 5 regional medical hubs in partnership with private sector. These hubs will provide diverse job ooportunities for health professionals. - Three new All India Institue of Ayurveda - To upgrade drug testing labs of higher standards - To train 1.5 lakh caregivers - Medical tourism hubs to have Ayush centres

Gopocket Live Updation (Budget 2026): Rs 10,000 crore proposed in Budget to create champion SMEs

Gopocket Live Updation (Budget 2026): Finance Minister Nirmala Sitharaman announced the Mahatma Gandhi Gram Swaraj Initiative to boost the khadi, handloom and handicraft sectors. Sitharaman said the initiative will help connect these products to global markets and provide branding support. It will also simplify training, skill development and quality standards. The scheme is expected to benefit weavers, village industries, the One District One Product (ODOP) programme and young people in rural areas.

Gopocket Live Updation (Budget 2026): I propose to set up mega textile parks in challenge mode,' says FM

Gopocket Live Updation (Budget 2026): Finance Minister Nirmala Sitharaman said she is proposing a new scheme to promote container manufacturing, aimed at building a globally competitive ecosystem for the sector, with a budgetary allocation of Rs 10,000 crore spread over five years.

Gopocket Live Updation (Budget 2026): New dedicated frieght corridors, national waterways In the Union Budget 2026, the government announced plans to build new dedicated freight corridors linking Dangkuni in the east with Surat in the west. It also said that 20 new national waterways will be made operational over the next five years to encourage cleaner and more eco-friendly transport of goods.

Gopocket Live Updation (Budget 2026): FM announces market making framework,restructuring of PFC and REC – Will restructure PFC and REC – 100 CR rupees for a single bond issuance of more than 1000 cr – To set up market making framework for corporate bond market – Individual residents living outside India can invest in Indian equities

Gopocket Live Updation (Budget 2026): Govt chose reforms over rhetoric,' says FM Sitharaman

Gopocket Live Updation (Budget 2026): Capex proposed at Rs 12.2 lakh crore for FY 2026-27