Union Budget 2026 Updates: Today, February 1st, Finance Minister Nirmala Sitharaman is presenting the 9th Union Budget in Parliament. People have high expectations for relief from this budget, and the eyes of the middle class, as well as villagers and farmers, are fixed on the government. The budget is expected to emphasise expanding employment schemes and capital investment. Parliamentary proceedings have begun. Finance Minister Nirmala Sitharaman has started her budget speech
. Today, February 1st, 2026, she is presenting the budget for the ninth time in a row. Finance Minister Nirmala Sitharaman began her budget presentation by mentioning Sant Ravidas. During her budget speech, Minister Nirmala Sitharaman said that the country is moving towards a developed India. She also said that they have worked to alleviate poverty. Continuous efforts are being made to increase investment. The country’s economic development has been ongoing for 12 years. During the budget presentation, Minister Nirmala Sitharaman said, “Our government has been working on investment for 12 years.”
Several measures to eradicate poverty
Finance Minister Nirmala Sitharaman said that they have taken several steps to eradicate poverty from the country. New technologies are emerging, leading to many changes.
Government’s duties outlined
Finance Minister Nirmala Sitharaman said that their first duty is to accelerate the economy. To remain stable in a turbulent global environment. The benefits of the budget should reach every poor person, and the reform express is moving forward rapidly. For this, the central government is working in collaboration with the states.
Focus on the manufacturing sector
During her budget speech, the Finance Minister stated, “We are focusing on the manufacturing sector.” Strengthening old sectors, strengthening MSMEs. We want to strengthen security.
Government allocates ₹10,000 crore for biopharma
The Finance Minister stated that their focus will be on the biopharma sector. We are allocating ₹10,000 crore. Three new institutions will be established. Currently, we have 7 institutions, which will be further upgraded.