₹20,000 Crore Allocation for Carbon Capture and Utilisation
Finance Minister Nirmala Sitharaman on Sunday proposed an allocation of ₹20,000 crore for a carbon capture and utilisation scheme spanning multiple sectors, including steel and cement. The proposal was announced while presenting the Union Budget for 2026–27 in Parliament, highlighting the government’s focus on climate linked industrial solutions.Incentives for Seaplane Manufacturing to Boost Tourism
As part of efforts to strengthen tourism infrastructure, the Finance Minister said the government will provide incentives for manufacturing seaplanes in India. The move is aimed at supporting domestic production while improving connectivity to tourism destinations.High Level Committee on Banking for Viksit Bharat
The Budget also proposed the setting up of a high level committee on Banking for Viksit Bharat. According to the Finance Minister, the Indian banking sector is currently marked by strong balance sheets, historic highs in profitability, improved asset quality and better coverage.She noted that the sector is well positioned to assess future measures required to sustain reform led growth. The proposed committee will evaluate steps needed to maintain momentum in the banking system.
Seven High Speed Corridors and Inland Waterways Ship Repair Ecosystem
Among key infrastructure announcements, the Budget proposed the development of seven high speed corridors between cities to act as growth connectors. In addition, a ship repair ecosystem catering to inland waterways will be established in Varanasi and Patna.The measures were presented as part of a broader strategy to boost economic activity, improve connectivity and strengthen core sectors of the economy.
The Union Budget 2026–27 outlines a mix of climate focused investment, tourism linked manufacturing incentives, banking sector reforms and infrastructure expansion, reflecting the government’s priorities for the coming financial year.
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