India Union Budget 2026-27 - An Overview

RMRA Budget 2026.pdf

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The Union Budget 2026 outlines a clear roadmap for long-term growth aligned with the vision of Viksit Bharat 2047, with a strong focus on future-ready sectors, ease of doing business, and fiscal prudence.

Key highlights include:

• Policy push for clean energy, nuclear power, and carbon capture initiatives.

• ₹40,000 crore allocation to India Semiconductor Mission 2.0 and tax holiday till 2047 for foreign cloud service providers.

• Manufacturing boost for biopharma, chemicals, capital goods, and textiles.

• Tax reforms including rationalization of TDS/TCS, transfer pricing relief, and a proposed voluntary disclosure scheme for foreign assets.

• Relief for individuals through lower TCS on overseas education and travel and a more pragmatic penalty framework.