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    <title>Union Budget fails test of economic strategy, economic statesmanship: P Chidambaram</title>
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    <description>The Union Budget 2026 27 is criticised for insufficient fiscal consolidation-fiscal deficit stays at 4.4% with a marginal 0.1% projected reduction and a 1.5% revenue deficit-and for reduced central capital expenditure. Funding for the new VB GRAM G Act replacing MGNREGA appears inadequate to deliver the promised 125 days of rural employment. The budget is also said to fail to tackle external and investment challenges including punitive foreign tariffs, a rising trade deficit, low Gross Fixed Capital Formation, weak private investment, uncertain FDI inflows, and recent FPI outflows.</description>
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    <pubDate>Sun, 01 Feb 2026 18:46:04 +0530</pubDate>
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