https://www.taxtmi.com/news?id=69465 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. en-us Sun, 01 Feb 2026 15:16:04 +0530 Sun, 01 Feb 2026 15:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69465 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. News - Sun, 01 Feb 2026 15:16:04 +0530 https://www.taxtmi.com/news?id=69465