The Union Budget for 2025 (FY2025-26) is now available. On Saturday, february 1, Union Finance minister Nirmala Sitharaman unveiled the Union budget for the seventh time in a row. Additionally, this is the 14th consecutive budget under Modi's leadership. Union Finance minister Nirmala Sitharaman declared that under the new income tax regime, yearly income up to Rs 12 lakh will be free from IT, which is a relief to the middle class that is salaried.
 
Sitharaman emphasized that the goal of the Union Budget is to hasten India's rise as a major economic force and its transition to "Viksit Bharat" (developed India). Some products have seen price increases, while others have seen price reductions. Let's examine the things that are now more expensive and those that are now less expensive.
 
What is cheaper?

• The budget stated that 36 life-saving drugs would be fully exempted from basic customs duties. This includes drugs that treat cancer, chronic disease medicines, and so on.
•  Sitharaman has announced the price reduction in basic customs duty (BCD) of electronic goods like LED/LCD TVs to 5 percent.
Scraps of lithium-ion batteries, lead, Zinc, Cobalt powder waste, and 12 other minerals have also been exempted from BCD.
•  The Budget has exempted 35 additional goods for electric vehicle (EV) battery manufacturing and 28 additional goods for mobile phone batteries.
•  frozen Fish Paste (Surimi) which earlier had a custom duty of 30 percent for manufactured export has been reduced to 5 percent.
•  Synthetic flavoring essences.
•  Leather jackets, belts and shoes.
•  raw materials used for manufacturing ships are now exempted from BCD for an additional 10 years.
•  Marines products.

What is costlier?

Interactive flat panel display (IFPD). An IFPD is a large touchscreen display designed for interactive collaboration, presentations, and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital whiteboarding.

It is commonly used in classrooms, boardrooms, and conference settings as a modern replacement for traditional whiteboards, projectors, and interactive whiteboards.

Knitted fabrics. For example, T-shirts, salwar kameez, dresses, leggings, bedsheets, curtains, sweaters, hoodies, winter jackets, Gym wear, wedding dresses, tracksuits home decor like bedsheets, curtains, cushions, etc.
 
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Budget 2025

SIBY JEYYA

02/02/2025 10:22 AM