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Union Budget 2026 To Break 75-Year Tradition With Major Shift In FM’s Budget Speech

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Union Budget 2026 To Break 75-Year Tradition With Major Shift In FM’s Budget Speech


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Union Budget 2026, to be tabled by Nirmala Sitharaman, will focus on a detailed Part B, outlining India’s economic vision, reforms, and global strengths.

Finance Minister Nirmala Sitharaman to present the Union Budget in Parliament tomorrow, Feb 01.

Finance Minister Nirmala Sitharaman to present the Union Budget in Parliament tomorrow, Feb 01.

Budget 2026: Union Budget 2026 to be tabled tomorrow, Sunday, February 01, 2026, is expected to be different and unique from earlier budgets delivered since Independence. It is expected that the Finance Minister Nirmala Sitharaman will focus more in detail on Part B than Part A, as seen in earlier budgets, government sources said.

Traditional Budget Structure Likely To Change

In past budget presentations, Part A of the Finance Minister’s speech typically carried extensive detail on economic conditions, fiscal numbers, and major policy announcements, while Part B was relatively brief and limited in scope. However, government sources said this long-standing format is set to change in the upcoming budget.

According to sources, Finance Minister Nirmala Sitharaman is expected to devote significantly more time and detail to Part B of the Budget Speech than seen in previous years. GoI sources said this shift reflects the government’s intention to present a more structured and forward-looking policy narrative.

Focus On Short-Term And Long-Term Economic Goals

The sources said Part B of the Budget Speech will place strong emphasis on both immediate economic priorities and long-term development goals. The section is expected to outline how the government plans to balance near-term growth, fiscal discipline, and social welfare with longer-term structural reforms.

Part B will articulate India’s economic vision as the country moves deeper into the second quarter of the 21st century, highlighting policy continuity as well as new initiatives aligned with evolving global and domestic challenges.

Showcasing India’s Strengths On The Global Stage

The sources further said Part B of the Budget Speech will offer a roadmap for showcasing India’s local strengths in a global context. This is expected to include an assessment of India’s current economic capabilities, sectoral advantages, and future growth potential.

The emphasis will be on positioning India as a competitive and resilient economy, while reinforcing its role in global supply chains and international markets.

Economists And Global Experts Watching Closely

Given the expanded scope and strategic intent of Part B, GoI sources said it is likely to draw close attention from economists, policy analysts, and global experts. The section is expected to serve as a key indicator of the government’s medium- to long-term economic priorities and reform trajectory.

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Sugarcane price hike: Govt raises FRP to Rs 365/quintal for 2026-27, farmers to benefit from higher returns – The Times of India

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Sugarcane price hike: Govt raises FRP to Rs 365/quintal for 2026-27, farmers to benefit from higher returns – The Times of India


The government has increased the fair and remunerative price (FRP) of sugarcane by Rs 10 to Rs 365 per quintal for the 2026-27 season beginning October, PTI reported.The decision was approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi.“The FRP will be Rs 365/quintal for a basic recovery rate of 10.25 per cent,” Union Minister Ashwini Vaishnaw said after the meeting.The revised FRP is 2.81 per cent higher than the current rate of Rs 355 per quintal for the 2025-26 season.For every 0.1 per cent increase in sugar recovery above 10.25 per cent, the FRP will rise by Rs 3.56 per quintal, providing an incentive to mills for higher efficiency.To safeguard farmers supplying to mills with lower recovery rates, the government has decided that there will be no deduction in FRP for recovery below 9.5 per cent. In such cases, farmers will receive Rs 338.3 per quintal in the 2026-27 season.The production cost of sugarcane for 2026-27 has been estimated at Rs 182 per quintal, making the FRP 100.5 per cent higher than the cost.“Farmers are expected to get more than Rs 1 lakh crore,” Vaishnaw said.The move is expected to benefit nearly one crore sugarcane farmers, along with farm labourers and workers engaged in sugar mills.The FRP has been fixed based on recommendations of the Commission for Agricultural Costs and Prices (CACP) and consultations with state governments and stakeholders.The sugar sector supports the livelihoods of around five crore farmers and their families, and about five lakh workers directly employed in sugar mills, besides those involved in related activities such as transportation.Sugar mills are required to purchase sugarcane from farmers at the FRP or higher.Vaishnaw said the FRP has been increased every year over the past decade, and the latest revision will also support ethanol production from surplus sugarcane.On cane dues, he said that in the 2024-25 season, about Rs 1,02,209 crore, or nearly 99.5 per cent, of the total payable dues of Rs 1,02,687 crore had been cleared as of April 20, 2026.For the ongoing 2025-26 season, Rs 99,961 crore, or 88.6 per cent, has been paid out of total dues of Rs 1,12,740 crore.



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