What became expensive and what became cheaper in the budget
#News Bureau July23,,2024
Finance Minister Nirmala Sitharaman on Tuesday announced a major cut in customs duty on cancer drugs and mobile phones. This will significantly reduce their prices in the retail market. Many things have also become expensive. Know what became cheaper and what became expensive-
What will become cheaper?
Customs exemption on three more cancer drugs
Customs duty reduced on mobile phones, chargers
6% less duty on gold, silver
6.4% duty reduced on platinum
Exemption on X-ray tubes
Duty on 25 important minerals abolished
Duty reduced on fish feed
Leather, cloth and shoes made in the country will become cheaper
Electric wires, solar sets will become cheaper
What will become expensive
Import duty on plastic items increased
Air travel became expensive
Cigarettes also became expensive
Custom duty on ammonium nitrate increased
Duty on PVC increased by 10 to 25 percent
Telecom equipment will become expensive.
This is the first budget of the third term of the Modi government. It is likely to have a significant impact on India’s economic situation. Many important announcements have been made regarding various sectors ranging from infrastructure development to social welfare programs.