Archive · 2 Feb 2026
Union Budget 2026-27: Focus on Regional Development
The Union Budget for 2026-27 has been praised by leaders from various states.
Maharashtra's Chief Minister said the state will get about Rs 1 lakh crore, with special funds for projects like high-speed rail corridors and growth hubs.
West Bengal's Leader of the Opposition highlighted plans for industrial corridors and infrastructure development.
Former Jharkhand Chief Ministers appreciated the budget for its focus on farmers, small businesses, and mental health initiatives.
In Varanasi, reactions were mixed, with some praising the budget for job creation and infrastructure, while others felt it didn't do enough for small traders and the manufacturing sector.
The budget aims to make India a developed nation by 2047, with a focus on inclusive growth and regional development.
Maharashtra is set to receive Rs 98,306 crore from central taxes, with additional funds for various projects, totaling about Rs 1 lakh crore.
West Bengal will benefit from the East Coast Industrial Corridor and a Dedicated Freight Corridor from Dankuni to Surat, aimed at industrialization.
Jharkhand's budget highlights include initiatives for farmers, small businesses, and mental health infrastructure upgrades.
Varanasi will see development with a new rail corridor and shipyard, but reactions from locals were mixed regarding the budget's impact on small traders and manufacturing.
The budget focuses on job creation, infrastructure development, and inclusive growth, aiming to make India a developed nation by 2047.
- Who
- Union Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi, State Leaders, and Various Stakeholders
- What
- Presentation of the Union Budget 2026-27 with a focus on regional development and inclusive growth
- When
- February 1
- Where
- India, with specific provisions for Maharashtra, West Bengal, Jharkhand, and Varanasi
- Why
- To improve the standard of living, boost regional development, and achieve the vision of a developed India by 2047
- Person
- Devendra Fadnavis, Suvendu Adhikari, Champai Soren, Raghubar Das, Rajesh Kumar Sinha, Mudit Agarwal, Shashank Tripathi, Haji Shahid Qureshi, Jake Verma
- Role
- Maharashtra CM, West Bengal LoP, Former Jharkhand CMs, Bank Officials, CA, Advocate, Business Association President, Bank Manager
- Budget Focus
- Infrastructure, agriculture, tourism, MSMEs, education, healthcare, regional development
- Key Initiatives
- High-speed rail corridors, coastal corridors, dedicated freight corridors, growth hubs, rural road projects, agribusiness, skill development, medical education, solar energy, green mobility
- Special Provisions
- Rs 98,306 crore for Maharashtra, Rs 12,355 crore for various projects, Rs 5,000 crore for Growth Hubs, East Coast Industrial Corridor, Varanasi rail corridor, shipyard for Kashi
- Budget Aim
- Developed India, Viksit Bharat, self-reliant economy, job creation, industrialization, urbanization
- Date
- February 1
- Source
- PTI, Union Budget 2026-27
Sources
Union Budget to improve lives of poor, farmers: Ex-Jharkhand CM Champai Soren
Union Budget to upgrade Ranchi mental health institute, set up NIMHANS-2
Historic document to fulfill resolve of Viksit Bharat, says Haryana CM on Union Budget
AIADMK says high-speed rail, measures for SMEs will benefit Tamil Nadu
Union Budget a roadmap for New India, Developed India: Yogi Adityanath
Union Budget well-balanced, forward looking, says Andhra CM Naidu
Maharashtra to benefit from Budget 2026-27, central tax devolution component at Rs 98,306 crore: Fadnavis
Attempt to change the concept of job seekers, youth to become ‘job givers’: Varanasi
Maha will get about 1 lakh crore from Central taxes: CM Fadnavis
LoP Adhikari hails Union Budget, says West Bengal has not been deprived
Union Budget will empower poor, middle-class: Former Jharkhand CMs
Union Budget gives spl priority to agri
‘Union Budget reflects vision of Viksit Bharat’
Budget blueprint for Viksit Bharat, says CM Yogi
Budget evokes mixed response from Delhi traders
No noteworthy benefits to Odisha: Naveen
Union Budget forward looking, says Majhi
A ‘kartavya’ budget reflecting NDA govt’s firm commitment to development: BJP leader
