MANISH MALHOTRA & ASSOCIATES (2M)

HIGHLIGHTS OF UNION BUDGET 2026-27 PART-A Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Union Budget 2026-27 in the parliament today. The highlights of the budget are as follows: The first Budget prepared in Kartavya Bhawan, is inspired by 3 kartavyas: First kartavya is to accelerate and sustain economic growth, by enhancing productivity and competitiveness, and building resilience to volatile global dynamics. Second kartavya is to fulfil aspirations of  people and build their capacity, making them strong partners in India’s path to prosperity Third kartavya, aligned with vision of Sabka Sath, Sabka Vikas, is to ensure that every family, community, region and sector has access to resources, amenities and opportunities for meaningful participation. Budget Estimates The non-debt receipts and the total expenditure are estimated as ₹36.5 lakh crore and ₹53.5 lakh crore respectively. The Centre’s net tax receipts are estimated at ₹28.7 lakh crore. ...

Union Budget 2026: Key Expectations, Policy Signals, and Sector-wise Outlook The Union Budget 2026, scheduled to be presented on 1st February, arrives at a crucial juncture for India’s economy. With global uncertainties, currency pressures, rapid technological shifts, and rising consumer expectations, this Budget is expected to focus less on populist announcements and more on structural reforms, execution efficiency, and long-term sustainability.    From taxpayers to startups, from defence to green energy, here is a detailed and forward-looking analysis of what stakeholders expect from the Union Budget 2026.   Key Expectations from Union Budget 2026 1. Income Tax: Stability with Targeted Relief After the significant increase in the  basic exemption limit to ₹12 lakh under the new tax regime  in the previous Budget, experts do not anticipate major changes in tax slabs this year. However, the government is expected to: Continue  strengthening the new tax regi...