"Countdown to Union Budget 2026: FM Sitharaman Set to Unveil Tomorrow, Industry Anticipates Key Announcements | Live Updates"

Union Budget 2026: Date, Time, and Key Aouncements - Live Updates

The Budget Session of Parliament kicked off on January 28, 2026, and is slated to run until April 2, 2026. As the anticipation builds for Union Budget 2026 set to be unveiled on Sunday, February 1, various industry stakeholders are voicing their expectations, eagerly awaiting measures to address economic priorities and growth challenges.

Finance Minister Nirmala Sitharaman is gearing up to present her ninth Union Budget in Parliament, marking a significant milestone as the government maps out its fiscal course for the upcoming year. The Budget Session, spaing 30 sittings over 65 days, is divided into two phases, with 13 sittings in the first part and 17 sittings in the second part.

Prior to the budget presentation, the traditional Halwa Ceremony took place on Tuesday, January 27, at the Budget Press in North Block. This ceremony signifies the culmination of the budget preparation process for the Union Budget 2026-27, with the Union Finance Minister joined by Secretaries of all Departments under the Ministry of Finance and other key officials involved in the budget plaing.

Shivam Hingorani, Founder of Ace Blend, expressed optimism, highlighting the significant GST reduction in the nutrition sector last year. Hingorani emphasized the importance of stronger compliance and certification frameworks to enhance consumer trust in science-based nutrition brands, as the wellness industry in India is projected to exceed USD 370 billion by 2028.

Ashish Singhal, Co-founder of CoinSwitch, emphasized the critical stage of India's VDA ecosystem and proposed measures to address taxation challenges for retail participants. Singhal called for a reduction in TDS on VDA transactions and a higher threshold to safeguard small investors, underscoring the need for a revised framework beneficial to both investors and the government.

As the budget presentation approaches, stakeholders across various sectors are closely monitoring potential policy reforms and financial measures that could shape the economic landscape in the coming year.

Stay tuned for the latest updates and insights. Follow us on Instagram for real-time coverage.