Explained: This article explains the political background, key decisions, and possible outcomes related to Explained : Union Budget 2026 Live Updates: Sitharaman speech over, Budget politics starts: What Congress says and Its Impact and why it matters right now.
This year’s Union Budget was set to break from a 75-year tradition. Finance Minister Nirmala Sitharaman used Part B of her speech to unveil a detailed vision for India’s economic future instead of Part A.
What is Part B?
Part B is the section that actually hits your wallet.
If Part A of the Budget is about the big picture — growth, infrastructure, and long-term vision — Part B deals with taxation proposals. This is where your salary slip, shopping bill, and savings come into play.
In Part B, Finance Minister Nirmala Sitharaman announced changes in income tax slabs, exemptions, deductions, surcharge, and cess. This is also where tweaks to GST, customs duty, and corporate tax rules are outlined.
In short: Part B decides whether you have more money in hand — or less.
Traditionally, this section also includes changes aimed at boosting compliance, plugging tax loopholes, or nudging certain behaviours — like saving more, spending differently, or investing in specific sectors.
Stay tuned — we’re breaking it down without jargon, panic, or Excel sheets.