<h1>Union Budget advances urban development fund, municipal bond concession, sectoral incentives and tax changes affecting healthcare affordability.</h1> The Union Budget allocates a Rs 12 lakh crore city development fund and a Rs 100 crore municipal bond concession to accelerate tier two and tier three urbanisation, announces Mumbai-Pune and Pune-Hyderabad high speed rail corridors, provides Rs 40,000 crore for semiconductors and Rs 10,000 crore for biopharma to boost manufacturing, and implements a simplified income tax regime alongside reduced import duties on medicines for chronic diseases to improve healthcare affordability.