Showing questions for February 01, 2026
- Total: 20 questions
Question 6 Feb 01, 2026
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What was the revised capital expenditure target proposed in Union Budget 2026-27?
₹12.2 lakh croreThe Union Budget 2026-27 proposed a significant increase in capital expenditure to ₹12.2 lakh crore for the fiscal year 2026-27, up from ₹11.2 lakh crore in the previous year. This 9% increase demonstrates the government's commitment to infrastructure-led growth and economic development. The enhanced capital expenditure is expected to provide strong impetus to demand creation and industrial activity across multiple sectors including manufacturing and construction. This fiscal strategy aligns with the 'Maximum Governance, Minimum Government' principle embedded in the budget's architecture. The increased allocation aims to accelerate infrastructure development, improve road quality, and enhance overall mobility ecosystems throughout the country.
Question 7 Feb 01, 2026
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Which state's Chief Minister described the Union Budget 2026-27 as 'forward-looking and aligned with the state Government's development priorities'?
N Chandrababu NaiduAndhra Pradesh Chief Minister N Chandrababu Naidu welcomed the Union Budget 2026-27 during a press conference in Kuppam, describing it as 'well-balanced and forward-looking'. He specifically noted that the budget aligns with Andhra Pradesh's development priorities and reflects India's journey toward self-reliance in manufacturing. Naidu congratulated Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for presenting what he termed a 'well-balanced budget'. This positive reception contrasted with reactions from some other opposition leaders who criticized the budget's approach. Naidu's endorsement highlighted the budget's focus on manufacturing consolidation and strategic economic planning that resonates with state-level development agendas.
Question 8 Feb 01, 2026
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What safe harbour margin was proposed for unified IT services category in Budget 2026-27?
15.5 per centFinance Minister Nirmala Sitharaman proposed to club various interconnected sub-segments of IT—including software development services, IT enabled services, and knowledge process outsourcing—under a single category with a common safe harbour margin of 15.5 per cent. The threshold for availing this safe harbour benefit was substantially enhanced from ₹300 crore to ₹2,000 crore to boost India's attractiveness to global tech giants. The approval process was designed to be automated and rule-driven without requiring tax officer examination. Once applied, IT services companies can continue with the same safe harbour for five years at their choice, providing tax certainty and alignment with international norms. Industry leaders like Rajesh Varrier of Cognizant India noted this signals India's commitment to strengthening its position as a global technology and services powerhouse.
Question 9 Feb 01, 2026
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Which scheme was launched with an outlay of ₹10,000 crore over five years to boost India's biopharma sector?
Biopharma Shakti SchemeThe Union Budget 2026-27 placed biopharma among the seven strategic frontier sectors and launched the Biopharma Shakti Scheme with a substantial outlay of ₹10,000 crore over five years. This decisive investment aims to strengthen India's health security and innovation capabilities in the pharmaceutical domain. Industry leaders including Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Ltd, welcomed this initiative as a strategic move toward building domestic capabilities in advanced pharmaceutical manufacturing. The scheme is expected to foster research, development, and manufacturing of critical biopharmaceutical products within India. This initiative aligns with the broader 'Make in India' vision and supports the country's journey toward self-reliance in healthcare infrastructure and medical innovation.
Question 10 Feb 01, 2026
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Which leader criticized the Union Budget 2026-27 for offering 'no roadmap to tackle unemployment and inflation'?
Arvind KejriwalAAP national convener Arvind Kejriwal launched a sharp attack on the Union Budget 2026-27, alleging it offers no concrete blueprint for job creation and would only increase inflation. He emphasized that unemployment and inflation remain the biggest problems facing young Indians today. Kejriwal also specifically noted the absence of allocations for Goa in the budget, stating the Central Government had 'completely forgotten about Goa'. His criticism contrasted with the budget's stated focus on creating income-generating opportunities rather than short-term consumption benefits. This reaction represented one end of the political spectrum's response to the budget's strategic, long-term economic approach versus demands for immediate populist measures.