Union Finance Minister (FM) Nirmala Sitharaman presents Union Budget 2026

Key facts

• Union Finance Minister (FM) Nirmala Sitharaman presented the Union Budget 2026 on 1 February 2026.
• State Bank of India (SBI) opened a Global Trade Finance Centre (GTFC) in Kolkata to strengthen its trade and international banking operations.
• Indian Overseas Bank (IOB) Managing Director (MD) and Chief Executive Officer (CEO) Ajay Kumar Srivastava stated the budget provides a roadmap for Viksit Bharat by balancing industrial scaling with job creation.
• Heritage Foods Ltd Executive Director Brahmani Nara described the budget as a landmark step for strengthening the dairy and livestock ecosystem in India.
• Daimler India Commercial Vehicles (DICV) Chief Financial Officer (CFO) Alexander Schoen noted the budget places manufacturing, infrastructure, and supply-chain resilience at the centre of economic policy.
• The Indian space sector is exploring derived demand for products and services from the defence sector following the FY27 budget proposals.