Mamata Banerjee Slams Union Budget 2026 as 'Humpty Dumpty', Says It Offers Nothing for Common Man
West Bengal Chief Minister Mamata Banerjee has launched a scathing attack on the Centre's Union Budget for the fiscal year 2026-27, labeling it a 'Humpty Dumpty' budget that provides nothing for the common man. Her criticism comes amid the release of detailed budget documents outlining new income tax slabs, changes in prices for various goods, and broader economic policies.
Political Backlash Over Budget 2026-27
In a strongly worded statement, Mamata Banerjee accused the central government of failing to address the needs of ordinary citizens, particularly in states like West Bengal. She argued that the budget lacks substantial measures to alleviate economic hardships, instead focusing on policies that she claims benefit only a select few. This political backlash highlights the ongoing tensions between the Centre and opposition-ruled states, with the budget becoming a focal point for broader debates on governance and public welfare.
Key Changes in Union Budget 2026-27: What Gets Cheaper and Costlier
The Union Budget 2026-27 introduces several adjustments to taxation and pricing that could impact household budgets across India. Here are some of the notable changes:
- Goods and Services: Certain essential items may see price reductions, while luxury goods and services could become more expensive due to revised tax structures.
- Fuel and Energy: Potential adjustments in excise duties might affect petrol, diesel, and electricity costs.
- Healthcare and Education: Subsidies or tax breaks in these sectors could make some services more affordable, though specific details vary.
Latest Income Tax Slabs for FY 2026-27: New vs. Old Regime
The budget outlines updated income tax slabs under both the new and old tax regimes, aiming to simplify compliance and provide relief to taxpayers. Key points include:
- New Tax Regime: Revised slabs with lower rates for certain income brackets, encouraging more taxpayers to opt for this simplified system.
- Old Tax Regime: Retained with existing deductions and exemptions, allowing taxpayers to choose based on their financial situations.
- FAQs and Details: Comprehensive guidelines have been issued to help individuals understand the changes, including thresholds, rates, and filing procedures.
Broader Implications and Public Reaction
Mamata Banerjee's criticism reflects a wider sentiment among opposition parties, who argue that the budget does little to support marginalized communities or stimulate inclusive growth. Economists and analysts are closely examining the budget's provisions to assess its impact on inflation, employment, and economic recovery post-pandemic. Public feedback has been mixed, with some praising the tax reforms while others express concern over rising costs of living.
As debates continue, the Union Budget 2026-27 remains a contentious issue in Indian politics, shaping discussions on fiscal policy and social equity in the coming years.
