Budget 2026: Tax Relief, Income Boost, and Railway Modernization Expected

• Finance Minister Nirmala Sitharaman to present her 9th Union Budget on February 1, focusing on boosting consumption.
• Government may offer tax exemptions and rationalize GST rates to increase public spending power.
• Budget 2026 is expected to emphasize fiscal support, defense, MSME, and green energy reforms.
• Railway budget allocation could see a 5% increase, with focus on modernizing networks and reducing congestion through capacity expansion.
• PHDCCI suggests easing MSME financing and reducing regulatory burdens; Budget 2026 aims for stronger global competitiveness.

Why It Matters: Budget 2026 aims to boost consumption through tax relief, MSME support, and railway modernization.