https://www.taxtmi.com/news?id=69880 The Union Budget signals an economic slowdown as central revenue receipts rise by less than three percent (about Rs 1 lakh crore), risking unmet estimates and real-term declines; allocations have been reduced across programmes including a Rs 58,000 crore cut to rural employment and cuts to education, health and fuel subsidies. Significant under-disbursement of prior allocations (notably for a national drinking-water mission) has compelled state borrowing to pay contractors, while trade and import exposure-especially to dairy-heighten risks to local producers. en-us Tue, 03 Feb 2026 19:31:04 +0530 Tue, 03 Feb 2026 19:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69880 The Union Budget signals an economic slowdown as central revenue receipts rise by less than three percent (about Rs 1 lakh crore), risking unmet estimates and real-term declines; allocations have been reduced across programmes including a Rs 58,000 crore cut to rural employment and cuts to education, health and fuel subsidies. Significant under-disbursement of prior allocations (notably for a national drinking-water mission) has compelled state borrowing to pay contractors, while trade and import exposure-especially to dairy-heighten risks to local producers. News - Tue, 03 Feb 2026 19:31:04 +0530 https://www.taxtmi.com/news?id=69880