New Delhi. Budget 2024: Finance Minister Nirmala Sitharaman is presenting the Union Budget for the financial year 2024-25 today. In this, she has made many big announcements, which can reduce or increase the prices of things.
This time the Finance Minister has reduced the custom duty on 7 things and increased it on 2. This means that 7 products can become cheaper and 2 expensive. Let us know which things have become expensive and which are cheaper in the budget.
The prices of these things will decrease after the budget
Finance Minister Nirmala Sitharaman has given a big relief to cancer patients in treatment. Custom duty has been reduced on medicines and equipment used in cancer related diseases in medical. This will make cancer treatment cheaper.
The Finance Minister has also given a big gift to women. She has reduced the custom duty on gold and silver to 6 percent. This will make jewelry made of gold and silver cheaper. This will be a big relief for jewelry lovers, as the prices of gold and silver are constantly increasing.
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Also, the Finance Minister has reduced the tax on mobile phones, mobile chargers, electric wires, X-ray machines and solar sets. The price of lobsters will also come down along with leather products.
Announcement to make these things expensive
The Finance Minister has increased the basic custom duty on some telecom equipment. Earlier, the basic custom duty on these products was 10 percent, but now it will be 15 percent.
The government has also increased the custom duty on plastic products. This means that the prices of plastic products may also increase after the budget.
The tax on solar glass used to make solar cells or solar modules has also increased. This means that installing a solar system may now become a little expensive.
