Budget 2026: Mamata Banerjee's Scathing Critique of Centre's 'Humpty Dumpty' Financial Plan
West Bengal Chief Minister Mamata Banerjee has launched a fierce attack on the Central Government's Union Budget 2026-27, labeling it a "Humpty Dumpty" budget that offers "nothing for the common man." Her sharp criticism highlights growing political tensions as the budget's details reveal significant changes in taxation and pricing that affect households across India.
Political Backlash: 'Nothing for Common People' in Bengal
In a strongly worded statement, Mamata Banerjee expressed deep disappointment with the budget's provisions, particularly for West Bengal. She argued that the financial plan fails to address the needs of ordinary citizens, focusing instead on policies that benefit select sectors. "This is a Humpty Dumpty budget that will fall apart when tested against reality," she remarked, emphasizing her belief that it lacks sustainable support for marginalized communities and essential public services.
Union Budget 2026-27: Key Changes in Prices and Taxation
The Union Budget 2026-27 introduces several adjustments that impact daily life and personal finances. Here are the major highlights:
- What Gets Cheaper: The budget reduces prices on certain essential goods, including basic food items and healthcare products, aiming to ease inflation pressures for low-income families.
- What Gets Costlier: Imported electronics, luxury items, and some processed foods see increased taxes, which could raise costs for consumers in these categories.
Latest Income Tax Slabs for FY 2026-27: New vs. Old Regimes
A significant focus of the budget is the revision of income tax slabs, offering taxpayers options under both new and old regimes. The changes are designed to simplify compliance and potentially reduce liabilities for certain income groups.
- New Tax Regime: Features adjusted slabs with lower rates for middle-income earners, encouraging more people to opt for this simplified system without deductions.
- Old Tax Regime: Retains existing slabs but with minor tweaks, allowing those who prefer deductions and exemptions to continue under familiar rules.
Detailed FAQs and full specifications are available to help taxpayers understand their obligations and benefits under the updated framework.
Broader Implications and Public Reaction
Mamata Banerjee's critique is part of a larger political discourse, with opposition leaders questioning the budget's equity and effectiveness. Analysts note that her comments reflect regional concerns, especially in Bengal, where economic challenges like unemployment and infrastructure gaps remain pressing. The budget's reception among citizens is mixed, with some welcoming tax reliefs while others worry about rising costs in specific areas.
As debates unfold, the Union Budget 2026-27 sets the stage for fiscal policy discussions in the coming year, influencing everything from household budgets to national economic strategies.
