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Breaking News: PM Modi Arrives at Parliament as Cabinet Prepares to Approve Union Budget 2026-27

ABP News Bureau  |  01 Feb 2026 12:31 PM (IST)
ABP News

Prime Minister Narendra Modi arrived at the Parliament complex around 10:00 AM today to preside over the cabinet meeting that will sanction the Union Budget 2026‑27. Photographs captured him walking through the historic corridors of the complex, underscoring the significance of the moment. The cabinet, under his leadership, will finalize approvals and ensure the finance minister Nirmala Sitharaman presents the budget to the nation at 11:00 AM. With only half an hour remaining, anticipation is building across the country as economic experts, lawmakers, and citizens await key fiscal announcements. One of the critical discussions in today’s cabinet revolves around investment reforms and reducing bureaucratic hurdles for businesses. Current procedures often require multiple licenses and permits, making factory setups cumbersome. The government is reportedly focusing on single-window clearance systems, streamlining approvals, and encouraging voluntary compliance over punitive penalties. Experts suggest that decriminalization of minor regulatory offenses and uniform accountability frameworks could boost investor confidence and accelerate industrial growth. The PM’s presence signals the administration’s commitment to a transparent and growth-oriented budget. Analysts predict announcements may include measures to enhance investment inflows, employment generation, and fiscal reforms, addressing challenges in taxation and regulatory compliance. This historic cabinet session not only prepares the groundwork for India’s economic roadmap but also reflects a broader vision of governance that balances ease of doing business with accountability and uniformity. Citizens and investors alike are closely monitoring the proceedings to gauge the impact on the nation’s economic trajectory.

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