Rmoney » Budget 2026 Highlights: What the Government Announced

12:30>>

1. EASE OF DOING BUSINESS
   • Single window for clearance cargo, to be operationalized by April 2026
   • Custom integrated system for all custom processes to be rolled out in 2 years.
2. To deduct TDS in sale of immovable asset by non- residents.

12:26>>

1. Custom duty exemption
   • Exempt basic custom duty on sodium antimonate.
   • Exempt on import of good require for nuclear power project via nuclear power plant till 2030.
   • Parts Required for civilian training and other aircraft exempt basic custom duty.
   • Basic custom duty exemption for parts used in manufacturing of microwaves, ovens.
   • Propose to Custom duty exemption on 17 cancer drugs.

12:21>>

1. GLOBAL BUSINESS AND INVESTMENT
   • Tax holiday toll 2047 to any foreign services that provide cloud services using Indian data centre.
   • Safe harbour of 15% of cost for providing Data centre by Indian company.
2. STT on future to 0.05% fro existing to 0.02%.
3. STT on option raised to 0.15% from 0.1%.
4. MAT rate reduced to 14%.

12:14>>

1. Rationalizing penalty and prosecution
   • No interest liability for tax payer for period of appeal.
   • Quantum of prepayment to be reduced to 10% from exiting 20%
   • To extent time to revise return from December31 to 31 March
2. Moot ITR 1, ITR2 filling deadline extended to 31 July.
3. Safe harbour to be at Rs2,000 crore from existing Rs3,000 crore and is to be extended for 5 years

12:10>>

1. 53.5 lakh crore: total expenditure.
2. 28.75 lakh crore: Net Tax receipt.
3. 11.7 lakh crore: Net Market Borrowing.
4. Simplified Income Tax rules to be notified shortly.
5. To cut TCS for Educational and Medical form , from existing 5% to 2%.

12:06>>

1. To launch credit link subsidy programmed for Animal Husbandry.
2. To launch Bharat Vista Multi-lingual led AI tool.
3. Promote She-Mart for women led enterprises.
4. To retain vertical state devolution at 41%
5. Declining Debt to GDP ratio at 55.6% at FY27.
6. Reduce fiscal deficit estimated at FY26 4.4% of GDP, FY27 4.3% of GDP .

11:47>>

1. ORNAGE ECONOMY:
   • AVAG sector projected to require 2 million profession by 2030
   • Indian design industry, new NIFT in the eastern region
2. Livestock give 16% of farm income Loan link capital subsidy for establishment of Veterinary.
3. TOURISM
   • Set up of new national institute of hospitality , bridge between academia industry Government and businesses.
   • One Girls hostel will be established in every district.
4. Propose to launch “KHELO INDIA MISSION” for sports sector for 10 years.
5. 500 reservoir as Amrit shriver for Fisheries and women led sector to enhance link to market.

11:37>>

1. Rs5,000 crore per CER for next 5 years.
2. Corporate Bond Market
   • Individual living abroad can invest in Indian equities via portfolio plan
   • Suitable access to fund and derivative
   • Individual investment limit to 10% from 5% for PROIs
3. 5 regional medical hub in partnership with private sector will have:
   • AYUSH Centre, Medical tourism, diagnostic , post-care, Rehabilitation.
   • 3 new all India institute of Ayurveda.

11:27>>

1. SME and MSME:

• Rs10,000 crore SME fund growth fund
• Rs2,000 crore for MSME
  Trade receivable as asset back security

2. CAPEX (FY2026-27)
Increase to Rs12.2 lakh crores
Infrastructure guarantee fund
Dedicated freight corridor ( Dunkuni to Surat)

3.CARBON CAPTURE UTILISATION AND STORAGE
outlay of Rs20,000 crores

4.Rs5,000 crore per CER for next 5 years.

11:19>>

TEXTILE SECTOR:

• National fiber scheme for self reliance natural fiber , manmade fiber
• Technology upgradation

Common testing and Targeted support for weaver and artisan

• SAMARTH 2.20 to modernize and upgrade textile industry
• Mega textile Park to challenge mode to strengthen handicraft, khadi
• One district one product initiative

11:15>>

1. Yuva Shakti driven budget
2. * Kartvaya *

• To accelerate and sustain economic growth by enhancing productivity and competitiveness
• Fulfilling aspiration of people
• Sabka sath sabka vikas

1. Bio pharmacy outlay Rs10,000 crore for next 5 years
2. SEMI CONDUCTOR MISSION: Outlay to Rs40,000 crore for electronic component to capitalise on moment