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Will This Years Budget Be Presented On Sunday? CCPA Proposes February 1 Date For Union Budget 2026
New Delhi: The Cabinet Committee on Parliamentary Affairs (CCPA) on Wednesday proposed presenting the Union Budget for 2026–27 on February 1, even though the date falls on a Sunday.
If approved, this would mark a rare instance in recent years of the Budget being tabled on a weekend, as the government sticks to its February 1 timeline to ensure timely implementation of budget proposals from the start of the financial year, as per media reports.
The Budget Session will begin on January 28 with the President’s address to a joint sitting of both Houses of Parliament. The Economic Survey, which reviews the state of the economy, will be tabled in Parliament on January 29, according to reports.
Finance Minister Nirmala Sitharaman will be presenting her ninth consecutive Union Budget, making it the 88th Budget since India’s Independence. Since 2017, the Union Budget has been presented at 11 am on February 1, after the government advanced the date from the earlier tradition of February 28.
This change was introduced during the tenure of former finance minister late Arun Jaitley to allow faster implementation of budget proposals from the start of the financial year.
Presenting the Budget on a weekend is not entirely new. Sitharaman had presented the Union Budget 2025 on a Saturday.
Before that, late Arun Jaitley presented the Union Budgets of 2015 and 2016 on February 28, which also fell on Saturdays.
With this Budget, Sitharaman will also make history by becoming the first finance minister to present nine consecutive Union Budgets. This achievement places her close to the record held by former Prime Minister Morarji Desai, who presented a total of 10 Budgets across two separate tenures.
Among other recent finance ministers, P Chidambaram presented nine Budgets, while Pranab Mukherjee presented eight during their time in office.
FM Sitharaman was appointed India’s first full-time woman finance minister in 2019 after Prime Minister Narendra Modi returned to power for a second term.
Finance Minister Sitharaman continued to hold the finance portfolio after the Modi-led government secured a third consecutive term in 2024.
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RBI has summoned senior officials of Yes Bank following a major data breach involving the Yes Bank–BookMyForex multi-currency forex card
Reserve Bank of India headquarters in Mumbai.
The Reserve Bank of India (RBI) has summoned senior officials of Yes Bank following a major data breach involving the Yes Bank–BookMyForex multi-currency forex card, two people aware of the development told The Economic Times (ET).
According to the report, card details and CVV numbers of several users were allegedly compromised. The central bank has sought a detailed explanation from the bank on how its systems may have been breached and the sequence of events that led to the exposure of sensitive customer data.
“The RBI has sought a comprehensive briefing from Yes Bank’s senior management on the root cause of the breach, the timeline of events, and the adequacy of the bank’s cybersecurity framework,” one of the persons cited by ET said. “The regulator wants clarity on how sensitive card data, including CVV numbers, may have been exposed and what immediate containment measures have been implemented.”
Yes Bank declined to comment on the RBI’s queries but said an internal investigation had identified fraudulent transactions involving 15 merchants in a Latin American country on February 24. Transactions worth Rs 2.54 crore were approved across 5,000 customers, while 688 unauthorised attempts amounting to around Rs 90 lakh were blocked. The bank said it is working with the card network to initiate chargebacks and ensure that affected customers do not face financial losses.
Separately, BookMyForex said it does not store customers’ sensitive card information and that its systems were neither breached nor compromised during the period in question.
The RBI has also sought details on how sensitive card data—particularly CVVs—was stored and protected, whether encryption and prescribed security protocols were followed, and why existing cyber controls failed to prevent the breach. In addition, the regulator is reviewing the timeline of detection and reporting, the robustness of third-party risk management and oversight, the number of customers impacted, and the steps taken to block cards, prevent misuse and mitigate losses. It has also asked for clarity on internal accountability, supervisory lapses and remedial measures to prevent a recurrence, ET reported.
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February 26, 2026, 07:53 IST
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