"The Blue Umbrella" is a short story written by Ruskin Bond. It revolves around a young girl named Binya who lives in a small village in India. Binya becomes enamored with a beautiful blue umbrella and trades her lucky leopard's claw for it. The umbrella quickly attracts attention and envy from the villagers. As the story unfolds, the umbrella is stolen by a local shopkeeper named Ram Bharosa. However, he later feels guilty and returns it to Binya. The tale highlights themes of innocence, kindness, and the bond between people in a close-knit community.