Latest News: Union Budget 2026–27 Highlights: New Income Tax Act, 2025 to be effective from April 2026; simplified tax rules and forms will be notified soon * Safe harbor limit for IT services raised from ₹300 crore to ₹2000 crore * Foreign cloud service providers granted a tax holiday until 2047 * All non-residents paying tax on an estimated basis exempted from Minimum Alternate Tax * Securities Transaction Tax on futures trading increased from 0.02% to 0.05% * Customs duty exemption extended for capital goods used in lithium-ion battery cell manufacturing * Customs duty exemption granted for capital goods required in processing critical minerals * Tariff rate on goods imported for personal use reduced from 20% to 10% * Basic customs duty exemption extended to 17 medicines and drugs * BioPharma Shakti program with an outlay of ₹10,000 crore to build an ecosystem for domestic production of biologics and biosimilars * Proposal for a ₹10,000 crore SME Development Fund to support MSMEs * Public capital expenditure increased from ₹11.2 lakh crore to ₹12.2 lakh crore in FY 2026–27 * Seven high-speed rail corridors to be developed as Growth Transport Links for sustainable passenger systems * Indian Institute of Design Technology, Mumbai to set up AVGC content creation labs in 15,000 high schools and 500 colleges * A girls’ hostel to be built in every district to address challenges faced by female students in higher education and STEM institutions * In partnership with IIMs, a 12-week hybrid training program will upgrade skills of 10,000 guides across 20 tourist destinations * ICAR packages on agricultural portals and practices to be integrated with AI systems as a multilingual AI tool * Tax on foreign travel packages reduced from current five per cent and 20% to two per cent * Customs bonded warehouse framework revamped into an operator-centric system with self-declaration, electronic monitoring, and risk-based accounting * Indian share markets will be open for trading on Sunday, February 01, as the Union Budget is being presented on that day * Key Highlights of Economic Survey 2025–26: GDP & GVA Growth Estimates for FY 2026: First advance estimates at 7.4% and 7.3% respectively * India’s Core Growth Projection: Around 7%, with real GDP growth for FY 2027 expected between 6.8% and 7.2% * Central Government Revenue: Rose to 11.6% of GDP in FY 2025 * Non-Performing Assets: Declined to a multi-decade low of 2.2% * PMJDY Accounts: Over 552 million bank accounts opened by March 2025; 366 million in rural and semi-urban areas * Investor Base: Surpassed 120 million by September 2025, with women comprising ~25% * Global Trade Share: India’s export share doubled from 1% in 2005 to 1.8% in 2024 * Services Export: Reached an all-time high of $387.6 billion in FY 2025, up 13.6% * Global Deposits: India became the largest recipient in FY 2025 with $135.4 billion * Foreign Exchange Reserves: Hit $701.4 billion on January 16, 2026—covering 11 months of imports and 94% of external debt * Inflation: Averaged 1.7% from April to December 2025 * Foodgrain Production: Reached 357.73 million metric tons in 2024–25, up 25.43 MMT from the previous year * PM-Kisan Scheme: Over ₹4.09 lakh crore disbursed to eligible farmers since inception * Rural Employment Alignment: “Viksit Bharat – Jee Ram Ji” initiative launched to replace MGNREGA in the vision for a developed India by 2047 * Manufacturing Growth: 7.72% in Q1 and 9.13% in Q2 of FY 2026 * PLI Scheme Impact: ₹2 lakh crore in actual investment across 14 sectors; production and sales exceeded ₹18.7 lakh crore; over 1.26 million jobs created by September 2025 * Semiconductor Mission: Domestic capacity boosted with ₹1.6 lakh crore invested across 10 projects * Railway High-Speed Corridor: Expanded from 550 km in FY 2014 to 5,364 km; 3,500 km added in FY 2026 * Civil Aviation: India became the third-largest domestic air travel market; airports increased from 74 in 2014 to 164 in 2025 * DISCOMs Turnaround: Recorded first-ever positive PAT of ₹20,701 crore in FY 2025 * Renewable Energy: India ranked third globally in total renewable and installed solar capacity * Satellite Docking: India became the fourth country to achieve autonomous satellite docking capability * School Enrollment Ratios: Primary – 90.9%, Upper Primary – 90.3%, Secondary – 78.7% * Higher Education Expansion: India now has 23 IITs, 21 IIMs, and 20 AIIMS; international IIT campuses established in Zanzibar and Abu Dhabi * Maternal & Infant Mortality: Declined since 1990, now below global average

Relevance Of Swami Vivekananda As Indian Youth Icon


Swami Vivekananda once said, “Whatever you think, that you will be. If you think yourselves weak, weak you will be; if you think yourselves strong, strong you will be.”

He also said, “See for the highest, aim at that highest, and you shall reach the highest.”

His message was simple yet powerful. Vivekananda conveyed his ideas directly to the people, especially to the youth. His message broke through the shackles of caste and creed and spoke of a language of universal brotherhood. What he said captures the great importance of his ideas and ideals among the youth in our country today. He personified the eternal energy of the youth and their restless quest for truth. It is entirely fitting that 12th January, the birth anniversary of Swami Vivekananda, is observed as National Youth Day to rekindle the eternal message of this great patriot and son of India. 

But how to make youth realise the relevance of Swami Vivekananda in these exciting and challenging times, when on the one hand people and nations are engaged in the noble task of developing the personality and leadership qualities of the youth by involving them in various nation-building activities, while on the other hand there are challenges of hunger, poverty, unemployment, corruption and terrorism.

Among the various ways which Swami Vivekananda suggested to rebuild the Indian society, Education was the primary means for empowering the people. He once said, “The education which does not help the common mass of people to equip themselves for the struggle for life, which does not bring out strength of character, a spirit of philanthropy, and the courage of a lion – is it worth the name? Real education is that which enables one to stand on one’s own legs.” For him, education meant secular learning that built character and instilled human values in students.

The Government of India while commemorating the 150th Birth Anniversary of Swami Vivekananda sanctioned a “Value Education Project” of the Ramakrishna Mission (an organisation established by Swami Vivekananda which is widely recognized for its commendable work in the areas of value based education, culture, health, women’s empowerment, youth and tribal welfare and relief and rehabilitation), to help to inculcate in children a moral compass and a value system against the tide of commercialism and consumerism that is sweeping our societies.

It also gave an endowment of US$1.5 million to the University of Chicago, for establishing the Swami Vivekananda Chair to focus on Vivekananda, through lectures, seminars and suitable related academic activities on Indian Culture and Indian Studies. The Chair will be held by each scholar for a period of two years. The University of Chicago will also facilitate exchange of research scholars between the University of Chicago and the Government of India. This permanent endowment will help spread the message of harmony of religions, understanding between nations and the spiritual oneness of humanity, which Swami Vivekananda worked for.

According to Swami Vivekananda, “Teach yourselves, teach everyone his real nature, call upon the sleeping soul and see how it awakes. Power will come, glory will come, goodness will come, purity will come, and everything that is excellent will come when this sleeping soul is roused to self-conscious activity.”

The Government is also making efforts to convert teachings of Swami Vivekananda into practice in the current context. To meet the need and aspirations of more than a billion people is not an easy task unless some integrated action is taken in areas where the country has a core competence. Agriculture, Education, Healthcare, Reliable and Quality Electric power, Surface transport and Infrastructure for all parts of the country, Information and Communication Technology and Strategic sector are the areas closely inter-related and if the work on these areas for an integrated action start in the right earnest it will lead to food, economic and national security of India.

The Government has embarked on the mission of building a united, strong and modern India to fulfil the vision of the great thinkers like Vivekananda. “Ek Bharat, Shreshtha Bharat”, following the principle of “Sabka Saath, Sabka Vikas”. These are not merely slogans but a commitment to the people particularly to youth to take the nation to new heights. A number of path-breaking initiatives have been introduced recently. ‘Make in India’ campaign has been launched to develop India as a global manufacturing hub. ‘Digital India’ initiative seeks to transform India into a digitally empowered society and knowledge economy. ‘Skill India’ is being launched to impart necessary skills to prepare Indians for the opportunities in Indian Economy as also the opportunities abroad. A number of initiatives, including Smart Cities Project, have been launched for developing infrastructure. In all these ‘Swachh Bharat Mission’ and ‘Clean Ganga’ Mission have been launched for building a clean and green India.

All these initiatives of the Government require active involvement and support of youth as they are the major stakeholders of future of this country. Skill development and Entrepreneurship is the flagship programme to put India on the road to become developed nation. Government is making all efforts to invest hugely in youth of the country because it is necessary in the ambitious task of building a modern and prosperous India. And as Swami Vivekananda once exhorted, “Arise! Awake! And stop not till the goal is reached”, let us all unite and work for the country with Purity, patience, and perseverance as the Swami felt long ago that these three are essentials to success.