New Delhi, Feb. 1 -- Union Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026-27 in Parliament, proposing a significant 9 per cent increase in capital expenditure to Rs 12.2 lakh crore. The allocation aims to sustain the momentum in infrastructure development and support economic growth, marking a rise from the Rs 11.21 lakh crore allocated in the previous financial year.

Reacting to the announcements, Confederation of Indian Industry (CII) President Rajiv Memani told ANI that the industry body views the Budget positively. He also noted that the fiscal roadmap fulfils the demands of various industries, including micro, small, and medium enterprises (MSMEs).

"Our reaction to the Budget is positive as it fulfils...