Union Budget 2026: New I-T Act to Come Into Force from April 1

FM Nirmala Sitharaman: I propose that any interest awarded by the motor accident claims tribunal to a natural person will be exempt from income tax and any TDS on this account will be done away with

Ease of doing business: FM says individual persons residing outside India will be permitted to invest in equity instruments of listed Indian companies through the portfolio investment scheme. She also proposes to increase the investment limit for PROI from 5% to 10%

Govt will support high-value crops such as coconut, sandalwood, walnuts: Nirmala

Electronic manufacturing stocks jump 6 pc as Budget hikes outlay to Rs 40,000 cr

The Sports Sector provides multiple means of employment, skilling and job opportunities. Taking forward the systematic nurturing of sports talent which is set in motion through the Khelo India programme, I propose to launch a Khelo India Mission to transform the Sports sector over the next decade: Nirmala

Nirmala Sitharaman announced the launch of India Semiconductor Mission (ISM) 2.0, with a Rs 40,000 crore outlay, aiming to boost the country's semiconductor ecosystem.

I propose to set up three new All India Institutes of Ayurveda; Upgrade Ayush pharmacies and drug testing labs and make available more skilled persons; Upgrade the WHO global Traditional Medicine Centre in Jamnagar, says FM Nirmala

To further enhance competitiveness in coconut production, I propose a coconut promotion scheme to increase production and enhance productivity through various interventions, including replacing non-productive trees with new saplings or plants of varieties in major coconut-growing states. A dedicated program is proposed for Indian cashew and cocoa to make India self-reliant in raw cashew and coconut production and processing, enhance export competitiveness and transform Indian cashew and Indian cocoa into premium global brands by 2030: Nirmala Sitharaman

FM Nirmala proposes to set up NIMHANS in North India