Budget 2026 Expectations : Oil Sector highlights production challenges, requests OID cess reduction.

Finance Minister Nirmala Sitharaman is prepared to unveil the Union Budget for 2026-27 on Sunday, February 1, against a backdrop of global uncertainties and India’s drive for self-sufficiency. Prior to the significant day, leaders from various sectors of the economy, including doctors, hoteliers, bankers, and educators, have detailed their priorities, expressing what they anticipate the government will prioritize for their individual fields.

2026 Budget Anticipations Live Updates: Union Finance Minister Nirmala Sitharaman will unveil the Union Budget for 2026-27 on Sunday, February 1, as India Inc and the broader economy focus on strategies that might shield India from US tariffs and various global uncertainties. With the Narendra Modi administration outlining its ambitious Viksit Bharat 2047 vision, the upcoming Budget is broadly regarded as a potential driver for self-sufficiency and progress in crucial sectors.

As the country concentrates on reforms and budget distributions, an intriguing yet lesser-known narrative develops in the background at the finance ministry. Despite the ministry’s move to the contemporary Kartavya Bhawan in September 2025, the production of the secretive Budget documents persists at the historic North Block on Raisina Hill, the former hub of India’s financial strategy.

Stay updated on all news regarding Union Budget 2026 here.

In contrast to North Block, the new Kartavya Bhawan complex currently lacks a printing press, leaving North Block as the sole suitable site for this sensitive work. According to sources referenced by PTI, all printing will occur at a specific government press located in North Block, upholding tradition and guaranteeing high-level security.