Prøve GULL - Gratis

Bengal Budget signals poll-yr outreach

Business Standard

|

February 09, 2026

The Mamata Banerjee-led TMC govt continues to focus on women-centric and welfare schemes, ahead of crucial elections. Ishita Ayan Dutt explains why experts are hardly surprised

- Ishita Ayan Dutt

At a media briefing after the vote-on-account Budget was presented in the Assembly on February 6 (Friday), Chief Minister Mamata Banerjee highlighted a telling statistic that shaped her government’s priorities.

West Bengal, she said, had expanded its social welfare programmes from about 94 schemes to a “century”, with five to six new initiatives added in the latest Budget. “I am very happy,” she said.

The statement distilled the Budget’s core message: Welfare — long the cornerstone of Banerjee’s political appeal — remains firmly at the centre of both her politics and governance strategy, even more so with elections around the corner.

‘The showstopper

Introduced in 2021, Lakshmir Bhandar — often dismissed by sections of the urban electorate — has grown into one of the government's flagship schemes.

As Minister of State for Finance, Chandrima Bhattacharya, said while presenting the vote-on-account, the scheme, which is the chief minister's brainchild, is immensely popular among women. About 22.1 million women aged 25 to 60 years have benefited from it, and more than 2 million new applications have been received.

To strengthen the hands of about 24.2 million women of the state, the scheme will carry an additional amount of ₹500 per month from February, Bhattacharya said.

In a deluge of welfare schemes the Lakshmir Bhandar corners the largest chunk in spend, cumulatively exceeding ₹74,000 crore. An additional annual allocation of ₹15,000 crore has been proposed for 2026-27.

FLERE HISTORIER FRA Business Standard

Business Standard

Risk-based deposit framework may dent bank profitability: Icra

Even as the new risk based deposit framework will increase the insured deposit base and premium payouts, it is expected to impact banking system profitability by ₹2000 crore-₹12,000 crore dragging the Returnson Assets (RoA) by 1-4 basis ₹2K CR AND ₹12K CR points (bps) Icra said in its report.

time to read

1 min

February 19, 2026

Business Standard

Europe backs India's AI push and trade deal

European leaders and delegation members on Wednesday conveyed unanimous support for the early ratification of the India-European Union (EU) trade deal in their discussions with Prime Minister Narendra Modi and the Indian side during the ongoing AI Impact Summit.

time to read

4 mins

February 19, 2026

Business Standard

Iran agrees to 'principles' of nuclear deal with US

Iran said it reached a “general agreement” with the US on the basis of a potential nuclear deal that would lift sanctions on Tehran and ease the risk of war in West Asia.

time to read

1 mins

February 19, 2026

Business Standard

Govt looks to unlock ₹80K cr via rail PSU stake sales by FY30

The government is looking to raise about ₹80,000 crore over the next four financial years (FY27-FY30) by selling portions of its holdings in seven listed public-sector undertakings (PSUs) under the Ministry of Railways, according to three people familiar with the plan.

time to read

2 mins

February 19, 2026

Business Standard

Business Standard

Let telcos deploy their network, DoT tells Navi Mumbai airport

The Department of Telecommunications (DoT) has asked Navi Mumbai International Airport Limited (NMIAL) to allow telecom service providers to set up their networks in accordance with the Telecommunications Act 2023, a move that could finally bring mobile connectivity to hundreds of flyers at an airport that has relied on wifi since its launch in December 2025.

time to read

2 mins

February 19, 2026

Business Standard

Higher new well gas positive for ONGC

ONGC’s standalone Q3FY26 results were dragged down by low realisations, though the downstream subsidiaries, HPCL and MRPL, helped pull up the consolidated performance.

time to read

3 mins

February 19, 2026

Business Standard

Gujarat tables ₹4.08 trn Budget; big push for tourism, sports

Gujarat Finance Minister Kanubhai Desai on Wednesday presented a ₹4.08 trillion Budget for 2026-27 in the Assembly with a focus on tourism promotion, digital governance, regional growth, and creation of sports infrastructure ahead of the 2030 Commonwealth Games.

time to read

1 mins

February 19, 2026

Business Standard

Nicobar’s ecological hubris

The National Green Tribunal’s (NGT’s) decision to quash a batch of petitions questioning the environmental clearance granted to the Great Nicobar Island Development Project exposes the gap between institutional definitions of environmental safeguards and the reality on the ground.

time to read

3 mins

February 19, 2026

Business Standard

Business Standard

Banks to tiptoe into acquisition financing

Banks plan to move cautiously into acquisition financing after the Reserve Bank of India’s (RBI's) final guidelines, issued last week, opened an avenue for deploying resources.

time to read

2 mins

February 19, 2026

Business Standard

Business Standard

Banking, defence stocks in focus amid mkt recovery

Investors should begin deploying cash gradually, not aggressively, say analysts

time to read

2 mins

February 19, 2026

Listen

Translate

Share

-
+

Change font size