Union Budget 2025: Finance Minister Nirmala Sitharaman will deliver the budget speech on February 1. The Finance Minister has made many big announcements from farmers to women in his budget speech. The finance minister has announced tax cuts on several things in his budget speech. This will reduce their prices. Also, taxes may increase on some, making them expensive. Let’s know what is cheap and what is expensive for common people…
What became cheaply?
- Primary import duties on cobalt, lithium, ion battery waste and zinc were removed. 36 life-saving drugs were exempted from import duty. Drugs used to treat cancer and rare diseases will be affordable.
- The import duty on 6 life-saving drugs has been reduced by five per cent.
- EV battery will be cheap
- Electric car
- Clothing items
- Shoes
- A board on which to sit
- Wallet
- Leather jacket
- Smartphones and Smart LED TVs
- Carrier-grade Ethernet switches.
- Raw materials for the construction of ships were exempted from the original customs duty.
What became expensive
- Flat panelled display.
- Knitted cloth.