Ladakh LG Hails Union Budget 2026 for All-Sector Development and Tourism Boost

Lieutenant Governor Kavinder Gupta noted that the budget effectively replicates the success of previous religious and cultural corridor projects, driving comprehensive growth across all states and regions.

Ladakh LG Kavinder Gupta said, "Overall, this budget has covered all sectors for comprehensive development. Previously, we have seen corridor projects such as the Ram Mandir Corridor and the Kashi Vishwanath Corridor, which have benefited people. Similarly, new projects have been added to boost infrastructure and promote tourism across the states, as highlighted in the budget.

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2026-2027 in Parliament today.

Presenting the Yuva Shakti-driven Budget which emphasizes on Government's 'Sankalp' to focus on poor, underprivileged and the disadvantaged, the Finance Minister said, India will continue to take confident steps towards Viksit Bharat, balancing ambition with inclusion. As a growing economy with expanding trade and capital needs, India must also remain deeply integrated with global markets, exporting more and attracting stable long-term investment.

She also mentioned that the country is facing an external environment in which trade and multilateralism are imperilled and access to resources and supply chains are disrupted. New technologies are transforming production systems while sharply increasing demands on water, energy and critical minerals.

The Finance Minister said that after the Prime Minister's announcement on Independence Day in 2025, over 350 reforms have been rolled out. These include GST simplification, notification of Labour Codes, and rationalisation of mandatory Quality Control Orders. High Level Committees have been formed and in parallel, the Central Government is working with the State Governments on deregulation and reducing compliance requirements.

- ANI