New Delhi : In the Union Budget 2026, the government announced targeted relief for cancer patients by exempting basic customs duty on 17 essential cancer drugs and medicines, aimed at reducing treatment costs. In addition, seven more rare diseases will be brought under duty exemptions for personal imports of drugs, medicines and foods for special medical needs used in cancer care, expanding financial support for patients requiring specialised therapies.
Finance Minister Nirmala Sitharaman, in her Union Budget speech, proposed to increase capex to ₹12.2 trillion in FY27, the creation of rare earth corridors in Tamil Nadu, Kerala, Odisha, and Andhra Pradesh, among other key things. FM also proposed a ₹20,000 crore carbon capture outlay in the steel and cement sectors.
Ahead of the Union Budget 2026 announcement, the Ministry of Finance’s Department of Economic Affairs released its Economic Survey 2025-26 on Thursday, 29 January, offering a detailed insight and analysis into how the Indian economy has performed over the current financial year so far and outlining the outlook for the upcoming fiscal year.
Nirmala Sitharaman will present her Budget 2026 speech on Sunday, 1 January 2026, at the parliament, addressing the joint session of the Lok Sabha and Rajya Sabha for the biggest financial announcement of the year! The Union Budget will be presented at 11 a.m. (IST) on Sunday, before the houses of the Union Parliament. As the nation awaits the announcement, people who are looking to watch the live video of the Union Budget 2026-27, you can stay tuned with Mint on our official website, LiveMint or on our YouTube channel.
Read Also : Budget 2026 : FM Nirmala Sitharaman Expected To Expand Part B In Budget 2026 Speech
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