The Government of India has officially notified the Finance Act, 2026, giving legal effect to the financial proposals announced in the Union Budget for the financial year 2026–27. The notification was issued through a gazette by the Ministry of Law and Justice, marking the final step in implementing the new tax framework. With this move,.
Congress MP Gurjeet Singh Aujla criticised Union Budget 2026, calling it an empty budget that fails to address unemployment, health, education, and Punjab’s needs.
He also noted that the reduction in tariff rates on goods imported for personal use and the rationalisation of customs duties would support ease of living and stimulate consumer demand. Vinod
Prime Minister Narendra Modi said during his Punjab visit on Sunday that key sectors such as textiles, sports goods and MSMEs will benefit significantly from the Union Budget 2026–27. Addressing the public during celebrations at Dera Sachkhand Ballan in Jalandhar — following the inauguration of the Halwara Airport terminal the Prime Minister pointed to major.
Chandigarh: BJP Punjab President Sunil Jakhar on Sunday said the Union Budget is focused on the poor, labourers, farmers, women, youth, and backward classes, and will prove to be a milestone in fulfilling the resolve of making India a developed nation by 2047. While responding to the Budget, Jakhar said, “It is inspired by Prime.
New Delhi: As Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026, the BJP on Sunday hailed it as a people-centric budget guided by the principle of ‘Sabka Saath, Sabka Vikas’, focusing on every section of society and said that it will help India move from being the world’s fourth-largest economy to the third-largest..
West Bengal Chief Minister Mamata Banerjee launched a sharp attack on the Union Budget 2026–27, presented by Finance Minister Nirmala Sitharaman in Parliament, calling it a “garbage of lies” with not a single paisa allocated for Bengal. Banerjee’s criticism reflects growing opposition to the central government’s fiscal plan just months ahead of the West Bengal.
New Delhi: Finance Minister Nirmala Sitharaman on Sunday proposed a set of direct tax proposals aiming at rationalising penalty and prosecution, to integrate assessment and penalty proceedings by way of a common order for both to avoid multiplicity of proceedings. Non-production of books of account and documents, and the requirement of TDS payment, where payment.
Finance Minister Nirmala Sitharaman announced during the Union Budget 2026–27 presentation that a new direct tax statute — the Income Tax Act, 2025 will be implemented from April 1, 2026, marking a major overhaul of India’s direct tax framework. The new legislation replaces the six-decade-old Income Tax Act of 1961, consolidating and simplifying tax laws.
Prime Minister Narendra Modi has said that Union Budget 2026–27 reflects the aspirations and confidence of 140 crore Indians, especially the youth and workers, and reinforces the government’s commitment to lasting economic reforms and inclusive development. The remarks underline how the annual fiscal plan aims to transform broad public expectations into actionable policy outcomes as.
Opposition leaders criticise the Union Budget 2026-27, alleging bias and neglect, while the NDA defends the budget, citing reforms, economic stability, and inclusive growth.
