Financial SectorSpeaking on the Financial Sectors,... ... Union Budget 2026-27: LIVE

Financial Sector

Speaking on the Financial Sectors, Ms. Sitharaman proposes the setting up of a high-level committee on banking for Viksit Bharat to comprehensively review the sector and align it with India's next phase of growth.

• FM proposes the restructuring of Power Finance Corporation and Rural Electrification Corporation.
• She also proposes a comprehensive review of the Foreign Exchange Management non-debt instruments rules to create a more contemporary and user friendly framework for foreign investments.
• Proposed a market making framework with suitable access to funds for Corporate and Municipal Bonds.
• Proposed an incentive of 100 crore for a single bond issuance of more than 1,000 crore.