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Explore Union Budget 2026 Summary Part-1 by Dr.Mrunal Patel for UPSC & All Competitive Exams with 258,672 views, 8,689 likes, and 285 comments. Experience the impact of this video content that has captured audience attention.

- 🇮🇳 Join Unacademy for UPSC Prep https://unacademy.com/goal/upsc-civil-services-examination-ias-preparation/KSCGY/subscribe?plan_type=plus&referral_code=mrunal.org - 📚 Mrunal’s Economy Book now on Amazon https://link.amazon/B01w46a43 - 💾 PPT download (Mon-Night) https://unacademy.com/content/upsc/mrunal-patel/ - 5th Jan se Win26 series https://unacademy.com/class/mrunals-win26-economy-pill1-rbi-banking-upi-bitcoin/HF65PKYC - 🎁 8th Sunday Mock Test on Budget - https://unacademy.com/scholarship/UCSC Timestamps: 00:00 Intro- Budget 2026 Hype 00:18 Budget Size for UPSC Exams 00:25 Pre-Budget Poll Results 00:42 5 Key Facts for Every Exam 01:00 Fact 1- Top Tax Revenues 01:11 Fact 2- Top Subsidies 01:17 Fact 3- MGNREGA 125 Days 02:11 Fact 4- Fiscal Deficit Targets 02:15 Fact 5- Top Sector Allocations 02:36 What NOT to Rote-Learn for UPSC 03:04 Unacademy 3-Day Free 03:19 Schedule- Part 2 Tomorrow 04:17 Parliamentary Procedure Basics 04:28 Article 112 05:08 6 Stages of Budget Passage 05:30 Old Delays & Vote on Account 06:25 2017 Reform- First Working Day 06:51 What "Budget" Really Means 07:06 Consolidated Fund & Other Funds 07:57 Economic Survey Gender Budget 08:56 Revenue vs Capital Budget Parts 09:14 Revenue- Income & Expenses 10:14 Capital- Loans Disinvestment Infra 11:42 PYQ- Liability vs Asset in Loans 13:25 Recent Prelims Trend- 4-6 Questions 13:46 Direct vs Indirect Taxes 14:54 Indirect Tax Examples 15:10 Direct Taxes- Income & Corporation 17:14 MAT & Zero-Profit Companies 18:54 Google Tax Angel Tax) 19:35 Capital Gains Tax Basics 20:41 PYQ 2025- Agri Income & Gains 21:16 STT on Shares & F&O Hike 23:30 Share Buyback Tax 24:35 Income Tax Regimes 26:46 TCS/TDS Explained 35:51 TCS on Luxury Cars & Forex 39:56 TDS on Professional Fees 41:46 Advance Tax Instalments 43:58 Black Money & Foreign Assets 45:06 Safe Harbour Rules 46:11 Advance Pricing Agreement 47:52 Revenue Shortfall Reasons 49:56 Indirect Taxes- Customs & Excise 51:22 GST Basics & Destination Rule 53:09 Tobacco & Pan Masala Taxes 54:10 Cess & Surcharge Loophole 55:25 PYQ- State Share on Taxes 56:39 Revenue Part Complete 57:20 Part 2 Teaser- Subsidies & Schemes 57:40 Doordarshan Live Tonight 58:10 YouTube Algorithm Rant ### YouTube Description 🚨 Budget 2026 is HERE! In this explosive lecture, Dr. Mrunal Patel breaks down the Union Budget 2026-27 for UPSC aspirants – from fiscal deficit slashed to 4.3% GDP, record capex of ₹12.2 lakh crore, to no income tax changes & STT hikes on F&O. Perfect for Prelims & Mains prep! Key Takeaways: - Fiscal Arithmetic: FD at 4.3% (down from 4.4%), debt-GDP 55.6%, nominal GDP growth 10% to ₹393 lakh crore. - Taxes & Reforms: No slab changes in personal income tax. STT up on futures/options. Customs duties cut on raw materials for manufacturing boost. - Sector Boosts: Defence: ₹7.85L Cr (highest ever). Manufacturing in 7 strategic sectors. MSMEs get fresh incentives. Tourism & infra push with high-speed rails, rare earth corridors in Odisha/Kerala/AP/TN. - Subsidies & Jobs: Food, fertilizer, petroleum top subsidies. MGNREGA allocation up to ₹95,000+ Cr for 125 days employment under Viksit Bharat. - Top Allocations: Transport, Defence, Rural Dev, Home Affairs, Agri, Education. - Fiscal Deficit: Transcript says 4.4% for FY25-26, 4.0% for FY26-27. Official: 4.4% RE FY25-26, targeted 4.3% BE FY26-27 (slight variance – suggest updating to 4.3% for accuracy). - Top Revenue Sources: Corp Tax - Income Tax - GST - Excise - Customs (matches transcript's "four, three, two, one" chart). - Top Subsidies: Food - Fertilizer - Petroleum (unchanged; no major cuts). - MGNREGA: Upped to 125 days, allocation -₹95,000 Cr (as per transcript; official confirms rural dev focus). - Top Allocations: Transport/Infra - Defence (₹7.85L Cr, 15% hike) - Rural Dev - Home Affairs - Agri/Edu (matches). - Taxes: No personal income tax slab changes (confirmed). STT hiked on F&O (new shock – add for relevance). Customs cuts on raw materials for manufacturing. GST unchanged (council decision needed). - Other Highlights (Add to Script for Freshness): Three "Kartavyas" (duties): Growth, Capacity Building, Inclusion. Capex ₹12.2L Cr (11.5% hike). MSME champions, rare earth corridors, high-speed rails, tourism push (e.g., coastal cargo scheme). Nominal GDP: ₹393L Cr at 10% growth. Gross Tax: ₹44.04L Cr (Income ₹14.66L Cr, Corp ₹12.31L Cr). Other titles 1. UPSC 2026 Alert: Budget 2026 Decoded in 10 Minutes – 5 Must-Know Facts That'll Crush Prelims! ### SEO Tags #Budget2026 #UPSC #MrunalPatel #Unacademy #ViksitBharat - Budget 2026 highlights - Union Budget 2026-27 explained - UPSC Budget notes - Fiscal deficit 2026 - India Budget taxes subsidies - Viksit Bharat budget - Mrunal Patel UPSC - Unacademy coupon code Mrunal.org - Budget for IAS prelims - Capex infrastructure 2026 - STT hike F&O - Defence allocation 2026 - Economic Survey 2026 - Nirmala Sitharaman speech

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