Mamata Banerjee Launches Scathing Attack on Union Budget 2026, Terms It 'Humpty Dumpty'
West Bengal Chief Minister Mamata Banerjee has vehemently criticized the recently announced Union Budget for the fiscal year 2026-27, labeling it a 'Humpty Dumpty' budget that offers nothing for the common man. In a sharp political rebuke, she accused the central government of failing to address the needs of ordinary citizens, particularly in Bengal, amidst ongoing economic challenges.
Budget 2026-27: Key Highlights and Changes
The Union Budget 2026-27, presented by the Finance Minister, has introduced several adjustments to taxation and pricing structures. Here is a breakdown of what gets cheaper and what becomes costlier:
- What Gets Cheaper: Essential commodities, renewable energy products, and certain healthcare items are expected to see reduced prices due to revised duties and subsidies.
- What Gets Costlier: Luxury goods, imported electronics, and select consumer durables may experience price hikes as a result of increased tariffs and taxes.
Latest Income Tax Slabs for FY 2026-27
The budget has revised the income tax slabs under both the new and old tax regimes. Key details include:
- New Tax Regime: Lower tax rates for middle-income earners, with increased exemption limits to provide relief.
- Old Tax Regime: Retained with minor adjustments, allowing deductions for investments and savings under specific sections.
- FAQs Addressed: Clarifications on slab rates, deductions, and compliance procedures to simplify taxpayer understanding.
These changes aim to streamline the tax system, though Mamata Banerjee argues they fall short in benefiting the masses, especially in states like West Bengal.
Political Reactions and Implications
Mamata Banerjee's criticism underscores the growing political divide over the budget's efficacy. She emphasized that the budget lacks substantial measures for poverty alleviation, job creation, and state-specific development, calling it a disappointment for Bengal. This stance is likely to fuel further debates in Parliament and among opposition parties.
As the budget implementation unfolds, its impact on the common man, inflation, and regional economies will be closely monitored. The government defends the budget as a balanced approach to fiscal growth and social welfare, but critics like Banerjee remain skeptical of its real-world benefits.
