New Delhi is buzzing with major financial announcements as Finance Minister Nirmala Sitharaman revealed plans to fast-track key reforms. Speaking after the Union Budget 2026-27 presentation, she confirmed that the IDBI Bank disinvestment process is on track and could wrap up soon. This move is part of a broader strategy to accelerate privatization and asset monetization across public sector enterprises.
The second phase of the Budget Session, starting March 9, will see the introduction of the Insolvency and Bankruptcy Code (IBC) Amendment Bill. This legislative push aims to strengthen the resolution framework for stressed assets, addressing long-standing bottlenecks in the insolvency process.
Sitharaman emphasized the critical role of disinvestment in revenue generation. ‘The pace and direction of disinvestment will shape our revenue base in the coming years,’ she stated. She highlighted a renewed focus on privatizing Central Public Sector Enterprises (CPSEs), signaling more deals ahead.
Tax base expansion remains a priority, with efforts underway to boost direct tax collections. On the economic front, the budget proposes Rs 80,000 crore from miscellaneous capital receipts—a sharp rise from the revised estimate of Rs 33,837 crore for FY 2026. This includes proceeds from asset sales and monetization.
Capital expenditure has been hiked to Rs 12.2 lakh crore for FY 2026-27, up Rs 2.2 lakh crore from last year, targeting infrastructure projects to spur growth and jobs. The debt-to-GDP ratio is projected at 55.6% for 2026-27, down slightly from 56.1% in the previous year.
Sitharaman expressed confidence in sustained private consumption and a development-focused fiscal strategy. ‘Disinvestment momentum will increase free float in CPSEs, supporting market depth,’ she added. These steps underscore India’s commitment to fiscal prudence amid ambitious growth targets.