Central Minister Kiren Rijiju said on Sunday, before presenting the budget, that this budget would be historic. Prime Minister Narendra Modi's reform express will move forward at an even faster pace after this budget and will lead towards a developed India.
Before entering Parliament on Sunday, Congress MP Priyanka Gandhi Vadra said she does not have very high expectations about the budget.
Finance Minister reaches Parliament
Central Finance Minister Nirmala Sitharaman reached Parliament. She will present the budget for the 2026-27 financial year. The budget presentation will begin at 11 o'clock.
Finance Minister Nirmala Sitharaman's fashion statement draws attention on budget day. Nirmala wore a Kanjivaram saree on Sunday. Kanjivaram saree is one of the main identities of Tamil Nadu's silk industry.
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Before presenting the budget, Finance Minister Nirmala Sitharaman went to Rashtrapati Bhavan and met with President Droupadi Murmu. She had the digital 'ledger book' with her. The tablet in her hand was covered with a red cloth. Following tradition, the President fed Nirmala curd and sugar before the budget presentation.
Salaried taxpayers and the middle class are looking towards the budget, hoping for additional tax relief. With rising prices of cooking gas, fuel, and daily necessities, common people are truly struggling. Therefore, attention will be on whether the Finance Minister will make any announcement to provide relief from tax cuts to price increases.
How much allocation for the education sector?
Attention will be on how much allocation the education sector gets in this budget. The world's leading countries allocate heavily to research and innovation.
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Is there any special allocation for AI?
Questions are being raised about whether any allocation will be kept in this year's budget to encourage those working on AI.
Finance Minister Nirmala Sitharaman is set to present the budget on February 1. Last year, she gave tax relief up to 12 lakh rupees to income taxpayers in the new regime. Naturally, public expectations are rising about the upcoming budget. Questions are being raised about what benefits common investors might get in the 2026 budget proposal, including tax relief and investment switching.
