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Union Budget 2026 - Fiscal Deficit, STT, Direct and Indirect Tax
1 Feb 2026, 12:26PM

UNION BUDGET 2026: Finance Minister says India plants to restructure Power Finance Corporation, REC

Medical Health tourism: Five regional medical hubs in participations with private players. – Positive For Max Helathcare, Narayana Hrudayalaya, and other Hospitals.

A dedicated initiative for high-quality sports goods manufacturing and research. "India has potential to emerge as a global hub for high-quality affordable sports goods. Positive for sport companies like Cosco India

Trains in Rail Network Expansion: - 7 high-speed rail corridors: Mumbai-Pune, Pune-Hyderabad, Hyderabad-Chennai, Delhi-Varanasi, Varanasi-Siliguri. positive for rail stocks like IRCTC, Titagarh etc

STT on futures: 0.05% from 0.02% vs on options: 0.15% vs 0.1% - Negative for Broking companies like Angel, IIFL Capital, 5paisa capital and Groww and BSE.

Direct and Indirect Tax:

Revised return date extended to 31st Mar from 31st December

Tax Collected at Source (TCS) rate on overseas tour packages will be reduced to 2%, down from the earlier range of 5% to 20%.

Fiscal Numbers :

Fiscal Deficit (BE) : 4.3% for FY26-27 and 4.4% for RE 2025-26.

Gross market borrowing to be at 17.2 lakh crore – higher than expected. Higher government borrowing could impact liquidity and thus harden yields in general and thus PSU banks are reacting negatively.

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