FM Sitharaman announced tax exemption till 2047 for cloud companies setting up and operating data centres in India, provided their services are offered to Indian businesses through Indian resellers.

Finance Minister Nirmala Sitharaman on Sunday kept income tax rates and slabs unchanged following last year’s major tax reforms. While the basic tax structure remains the same, the Finance Minister announced while presenting the Budget 2026-27.

PM Modi has given his first reaction to Union Budget 2026. On his X, he wrote, ‘The Union Budget reflects the aspirations of 140 crore Indians. It strengthens the reform journey and charts a clear roadmap for Viksit Bharat.’