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Union Budget 2026-27 Unveils Strategic Initiatives for India's Economic Growth

Official Press

01 Feb 2026

The Union Budget 2026-27, presented by Finance Minister Smt. Nirmala Sitharaman, introduces significant plans to bolster India's economic development. Key initiatives include the establishment of a 'High Level Committee on Banking for Viksit Bharat', aimed at aligning the financial sector with the nation's growth phase. Additionally, restructuring efforts target the Power Finance Corporation and Rural Electrification Corporation to enhance efficiency. The budget also outlines enhancements to investment frameworks, including increased incentives for municipal bond issuance and expanded portfolio investment opportunities for overseas individuals.

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Ministry of Jal Shakti Hosts Workshop to Enhance Flood Forecasting

The Ministry of Jal Shakti, through the Central Water Commission, organized a stakeholders' workshop on flood forecasting and flood management DPRs in New Delhi. The event aimed to improve impact-based forecasting, decision-support systems, and better appraisal of flood management projects. Representatives from 27 States/UTs and 15 central agencies

Tamil Nadu's Rail Budget Soars Amid Land Acquisition Challenges

The Ministry of Railways has dramatically increased Tamil Nadu's budget allocation to ₹7,611 crore by 2026–27, multiplying more than 8.5 times since 2014. Significant rail development is underway, including electrification and the operation of modern train services. However, major projects face delays due to pending

Union Minister Chirag Paswan Highlights Sustainability at PLASTINDIA 2026

Union Minister of Food Processing Industries, Chirag Paswan, visited PLASTINDIA 2026 in New Delhi, releasing the Plastic Industry Status Report 2025 and awarding innovators under the Startup Search Initiative. He emphasized reducing wastage and using technology for sustainable development in alignment with the Viksit Bharat vision. The event showcased India&

India and Greece Strengthen Defence Ties with New Agreements

On February 9, 2026, in New Delhi, Raksha Mantri Shri Rajnath Singh and the Minister of National Defence of the Hellenic Republic, Mr. Nikolaos-Georgios Dendias, reinforced their strategic partnership by signing a Joint Declaration of Intent to enhance defence industrial collaboration. They also exchanged a Bilateral Military Cooperation Plan for

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Ministry of Jal Shakti Hosts Workshop to Enhance Flood Forecasting

Tamil Nadu's Rail Budget Soars Amid Land Acquisition Challenges

Union Minister Chirag Paswan Highlights Sustainability at PLASTINDIA 2026

India and Greece Strengthen Defence Ties with New Agreements