PM Modi Chairs Crucial Budget Cabinet

Final nod to Union Budget 2026-27 as focus sharpens on investment reforms

February 1, 2026: Prime Minister Narendra Modi arrived at the Parliament complex around 10:00 AM on Tuesday to chair the cabinet meeting that will formally clear the Union Budget 2026–27. Visuals of the Prime Minister walking through the historic corridors highlighted the significance of the day, as the cabinet prepared to give its final approval ahead of Finance Minister Nirmala Sitharaman’s Budget presentation to the nation at 11:00 AM.

Sources said a key focus of the cabinet deliberations was on investment-friendly reforms aimed at easing the cost of doing business. The government is reportedly considering measures such as single-window clearance systems, simplified approval processes, and a shift toward voluntary compliance. Decriminalisation of minor regulatory offences and uniform accountability mechanisms are also being discussed to reduce bureaucratic hurdles and boost investor confidence.

The Prime Minister’s presence at the meeting underlined the government’s emphasis on a transparent and growth-oriented economic roadmap. Analysts expect the Budget to include steps to attract investment, generate employment, and address challenges related to taxation and regulatory compliance. As anticipation builds nationwide, today’s cabinet session is seen as setting the tone for India’s fiscal and economic direction in the coming year.