Budget 2026: LRS TCS Rate Cut to 2%, STT Hikes on F&O, Fiscal Deficit Targets Set

• The Budget for FY 2026-27 was presented on February 1, with the Finance Minister outlining steps towards a developed India.
• Public capital expenditure has been increased to ₹12.2 lakh crore for the year 2026–27.
• Fiscal deficit target set at 4.3% for FY 2026-27, with an estimated 4.4% for the current FY 2025-26.
• The debt-to-GDP ratio is projected to be 55.6% of GDP in FY 2026-27.
• Focus on 'Atmanirbhar Bharat' through domestic manufacturing, energy security, and reducing import dependence, alongside efforts for employment generation and agricultural productivity.

Why It Matters: Budget 2026 focuses on fiscal discipline, increased capital expenditure, and 'Atmanirbhar Bharat' initiatives.