Union Budget 2024: Full List Of What's Costlier, What's Cheaper

Budget 2024 cheaper and costlier list: Union Finance Minister Nirmala Sitharaman will unveil her seventh Union Budget for the fiscal year 2024-2025. This Budget is anticipated to have a significant impact on various sectors, leading to changes in the cost of numerous goods and services.

As the BJP-led NDA government presents its first Budget, it is expected to influence India's economic landscape, from infrastructure and social welfare to consumer goods. Key highlights include potential reductions in the prices of mobile phones and compressed gas, along with measures to make housing more affordable.

Here's a breakdown of what's expected to become costlier and cheaper:

Costlier:

• Proposed rise in customs duty on ammonium nitrate to 10% and non-biodegradable plastics to 25%.
• Increase in Basic Customs Duty on specified telecom equipment to 15% from 10%.

Cheaper:

• Mobile Phones and Chargers: A reduction of 15% in customs duty will lead to lower prices for mobile phones and chargers.
• Gold and Silver: The customs duty on gold has been lowered to 6%, and on silver to 6.5%, which is expected to decrease the retail prices of these precious metals.
• Cancer Medicines: Customs duties on cancer treatment medicines will be significantly reduced, making these crucial drugs more affordable for patients.
• Expansion of the list of exempted capital goods used in the manufacturing of solar panels.
• Removal of Basic Customs Duty on ferronickel and blister copper.
• Platinum: The customs duty on platinum has been reduced to 6.5%.
• Leather Goods and Seafood: The cost of imported leather goods and seafood is also expected to decrease due to lower customs duties.
• Electric vehicles
• Imported jewelry
• X-ray machines