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NEW DELHI: Finance curate Nirmala Sitharaman connected Sunday presented the Union Budget for the fiscal twelvemonth 2026-27 successful the Lok Sabha during the ongoing Budget league of the Parliament, triggering a beardown absorption from the opposition.While presenting her ninth consecutive Budget, the concern curate announced that the superior expenditure people volition beryllium accrued to Rs 12.2 lakh crore for the fiscal twelvemonth of 2027, up from Rs 11.2 lakh crore allocated successful the existent fiscal year.Further, Sitharaman said that Centre volition supply Rs 1.4 lakh crore to states arsenic taxation devolution successful the adjacent fiscal year, portion nett taxation receipts are estimated astatine Rs 28.7 lakh crore.
The full size of the Union Budget has been pegged astatine Rs 53.5 lakh crore.How the absorption reacted to the Union BudgetCongress Congress dubbed the Union Budget arsenic "disappointing". The grand-old-party claimed that the concern minister’s code was "fairly short" and "lacking specifics."Congress person Rahul Gandhi, successful a societal media station connected X, said, "Youth without jobs. Falling manufacturing. Investors pulling retired capital. Household savings plummeting. Farmers successful distress.
Looming planetary shocks - each ignored.""A Budget that refuses people correction, unsighted to India’s existent crises," helium added.Congress president Mallikarjun Kharge said that the "Modi authorities has tally retired of ideas" and claimed that the Budget offers nary solutions"Budget 2026 does not supply a azygous solution to India’s galore economic, social, and governmental challenges. Our Annadata Farmers inactive await meaningful payment enactment oregon an income information plan.
Inequality has surpassed the levels seen nether the British Raj, but the Budget does not adjacent notation it oregon supply immoderate enactment to SC, ST, OBC, EWS, and Minority communities," Kharge said."The Finance Commission’s recommendations volition person to beryllium studied more, but they bash not look to supply immoderate alleviation to State Governments which are nether terrible fiscal stress. Federalism has go a casualty," helium added.KC Venugopal said that the Budget was disappointing for Kerala wherever assembly elections are scheduled this year."This fund is simply a full disappointment for Kerala. For the past 10 years, promises person been made astir the AIIMS for Kerala, but determination is nary notation of it successful this budget. Kerala contributes importantly to sectors similar tourism, aviation, and health, yet thing factual has been allocated for the state," Venugopal said."The announcements made, including 1 corridor for mineral resources, look targeted astatine others.
This fund is not for the communal people; it is for large corporates," helium added.Congress MP Shashi Tharoor besides said that the fund offered small reassurance to the mediate and lower-middle classes, further accusing the authorities of missing Kerala from the fund address."I think, by caller years’ standards, it was a reasonably abbreviated code and seemed to person tons of subheadings but precise fewer specifics. So it’s precise hard to cognize what to think.
On the big-picture issues, determination was thing determination for the mediate people and the little mediate class. There was thing determination for the states," Tharoor said."In fact, fiscal devolution remains unchanged astatine 41 per cent, and galore states bash not person capable wealth to fulfil their ain obligations to their citizens and voters. That has go a genuine concern," helium added.Congress person Jairam Ramesh besides criticised the Union Budget, calling it "insipid and lacklustre". In a station shared instantly aft the fund code ended, the Congress person wrote connected X, "While the documents request to beryllium studied successful detail, it is wide aft 90 mins that Budget 2026/27 falls woefully abbreviated of the hype that was generated astir it."He further wrote, "It was wholly lacklustre. The code was besides non-transparent since it gave nary thought whatsoever of budgetary allocations for cardinal programmes and schemes."Samajwadi PartySamajwadi Party main Akhilesh Yadav took a jibe astatine the Centre and said that the "Budget is beyond understanding."“If things proceed similar this, we volition person to marque jewellery by plating brass implicit iron. This fund is beyond understanding. The basal issues—education and health—have been ignored," Akhilesh said."If we genuinely privation to spot the imagination of a developed India, past we indispensable allocate overmuch much fund to the acquisition sector.
This is an incomprehensible budget," helium added.SP MP Dimple Yadav besides said that the Budget had thing for women oregon youth."There's thing overmuch successful the Budget. Earlier, full household utilized to beryllium unneurotic and ticker the Budget, however, determination is thing for women, younker successful this Budget. We privation the authorities to summation the fund connected education, healthcare, agriculture... however, this Budget has thing for these sectors," she said.All India Trinamool Congress TMC main and West Bengal main curate Mamata Banerjee targeted the centre and accused it of not allocating "a azygous paisa to Bengal.""They person not fixed a azygous paisa to Bengal. Only 1 taxation is there, GST. They are taking distant our wealth and talking. It is our money. What they are collecting from Bengal, they are not giving our afloat funds. We volition get astir much than 2 lakh crores from the cardinal government. So they don't person immoderate motivation authorization to tally the authorities and to decorativeness the state similar this," Mamata said."They privation to destruct the economical operation of the country, the law operation of this country, the autarkic bureau including the infrastructural facilities, the economy, the societal sector, the economical sector, national sector. All is been vanished. Only talking excessively overmuch and little work. What they do? Only they usage immoderate jugglery of words... You person to springiness the vantage to the radical who is communal radical tin bask the facilities," she added.TMC MP Saugata Roy said that the concern curate did not get immoderate accidental to bring successful caller things and lone erstwhile schemes were repeated.“This fund is nothing. The Finance Minister did not get immoderate accidental to bring successful caller things; lone erstwhile schemes were repeated. None of the states got immoderate happening specially West Bengal," Roy said.
