<h1>Budget 2026-27 prioritises capex, data centre incentives and tax reforms; raises capex and alters STT and buyback taxes.</h1> Budget 2026-27 introduces long-term tax incentives for global data centres, providing a fiscal framework to attract large investments and thereby encouraging capital flows into the sector. It increases the capex target to Rs 12.2 lakh crore, directing higher public investment to infrastructure. The finance commission recommends retaining states' share of central taxes at 41% for five years, fixing fiscal devolution for that period. Tax changes include a hike in securities transaction tax on derivatives, reform of share buyback taxation to protect minority shareholders and curb promoter arbitrage, reduced TCS on certain education and medical outflows and an amnesty for undisclosed foreign assets. Separately, an environmental regulator directed implementation of fish conservation measures and the SC will hear a challenge to detention under the National Security Act.