365telugu.com online nerws,New Delhi, January 28, 2026: The Budget Session of Parliament officially commenced today with President Droupadi Murmu’s joint address to both Houses. Her speech set a triumphant tone, highlighting the government’s focus on social inclusivity, rapid infrastructure development, and a strong defense posture amid a complex global economic environment.
Following the President’s address, Union Finance Minister Nirmala Sitharaman is scheduled to present the Economic Survey 2025-26 tomorrow, January 29, followed by the presentation of the Union Budget on February 1.
Economic Progress and GST: The President lauded the resilience of the Indian economy, stating that reforms in the Goods and Services Tax (GST) have provided a fresh impetus to growth, helping India maintain its status as the world’s fastest-growing major economy.
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Infrastructure and Connectivity:
Development of over 150 Vande Bharat trains, creating a network from Jammu & Kashmir to Kerala.
Successful rail connectivity to Aizawl in the Northeast.
Construction of the world’s highest bridge in Jammu & Kashmir.
Social Security and Housing:
Social security schemes now reach 95 crore Indians, up from 25 crore in 2014.
4 crore permanent houses built for the underprivileged over the last decade.
Success of the “Lakhpati Didis” initiative, with 7 lakh women achieving financial independence in the past year.
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National Defense & ‘Operation Sindhu’: In a significant mention, the President praised the Indian Army’s bravery during ‘Operation Sindhu’, where terrorist hideouts were destroyed, showcasing India’s military prowess to the world. She also mentioned the ongoing work on Mission Sudarshan Chakra.
Digital and Startup Ecosystem:
India now hosts over 2 lakh registered startups.
Approval of four new semiconductor units to bolster the electronics sector.
A historic ₹70,000 crore package for the shipping sector.
A Budget Amidst Global Headwinds
Budget 2026 comes at a critical juncture. The Indian economy is navigating a period of global turmoil, characterized by:
Currency Pressures: The Indian Rupee recently touched a record low of 92 against the US Dollar.
Trade Challenges: India faces a 50% tariff recently imposed by the US government.
Monetary Hopes: Financial analysts, including those from Bank of America, anticipate a 0.25% repo rate cut by the RBI in February, which could potentially lower home loan interest rates.
Top 10 Budget Expectations
The common man and industry leaders are pinning their hopes on the February 1 announcements for relief in several key areas:
Income Tax Relief: Stakeholders are hoping for further revisions in tax slabs and incentives.
Dispute Resolution: Mandatory timelines for resolving direct tax appeals.
Defense & Railways: Continued high capital expenditure (Capex) for modernization.
Infrastructure & Logistics: Push for more ‘Gati Shakti’ projects.
Electronics & Semiconductors: Incentives to boost local manufacturing and ‘Make in India’.
Electric Mobility: Extension of subsidies for EVs.
Export Promotion: Support to counter international trade barriers.
Real Estate: Tax benefits for first-time homebuyers and interest rate relief.
Chemicals & Fertilizers: Support for rural economy and farmers.
Employment: Specific schemes to boost job creation within the 2 lakh+ startup network.