The Union Budget 2026–27 stresses “Green Growth” with allocations for CCUS, PM Surya Ghar solar, and nuclear energy, linking climate strategy to EU CBAM pressures and industrial decarbonization; however, funding remains below Net Zero 2070 needs, demanding blended finance and stronger green procurement to close the intent–outcome gap.
Click to View MoreBudget 2026–27 exposes strains in India’s fiscal federalism as the Centre retains policy control while shifting welfare costs to States through unfunded mandates and CSS changes. Non-shareable cesses shrink States’ revenues, social spending stagnates, and a capex-first approach sidelines human capital, prompting calls to rationalise cesses and revive cooperative federalism.
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