Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026 – her ninth consecutive one – inspired by three ‘kartavyas’ responsibilities to accelerate and sustain economic growth.
The minister’s policy announcements have resulted in price reductions for several items. 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. It also exempted customs duty on imports for nuclear power projects till 2035. However, income tax payers, who were expecting tax rebates or Standard Deduction changes, did not get relief.
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