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Union Budget 2026: Sitharaman Outlines 3 'Kartavyas' that Inspired Her 9th Budget

Union Finance Minister Sitharaman outlines Budget 2026 focusing on growth, capacity building, and inclusive access to resources under three guiding duties.

  • On Sunday, Feb. 1, 2026, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament, her ninth consecutive budget and first prepared in Kartavya Bhavan.
  • The budget is anchored by three kartavyas to accelerate economic growth, fulfil citizens' aspirations, and ensure inclusive access aligned with Sabka Saath, Sabka Vikas across families, communities, regions and sectors.
  • Sitharaman said that she proposed interventions in six areas, including a 10,000 crore scheme for container manufacturing and rare-earth corridors, citing a growth of around 7%.
  • The budget promises targeted benefits for farmers, scheduled caste, scheduled tribe, and youth, while officials say fiscal prudence, monetary stability, and Aatmanirbharta remain priorities under the government's `sankalp`.
  • Sitharaman framed the budget as a step toward Viksit Bharat, saying India will balance ambition with inclusion while Kartavya Bhavan-03 houses key ministries and the government aims to attract stable long-term investment in global markets.
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In the Union Budget 2026-27, India has made major announcements to boost the country's textile industry. Mega textile parks will now be built in India on a challenge mode. A National Fiber Plan has been announced, along with several other initiatives. India has now announced its intention to make its textile market competitive against Bangladesh's textile industry.

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NEWS9 LIVE broke the news in on Sunday, February 1, 2026.
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