Union Budget 2025: What Gets Cheaper and Costlier for Indians? A Complete Breakdown

By
thenews21bureau
-
47
403

Finance Minister Nirmala Sitharaman presented her 8th Union Budget on February 1, unveiling a series of announcements aimed at easing the financial burden on taxpayers and boosting various sectors. The budget focused on enhancing purchasing power, providing relief to taxpayers, and promoting growth through strategic reforms. However, not all items saw a reduction in prices, with some set to become more expensive.

What Gets Cheaper?

Several essential items are expected to become more affordable due to exemptions and changes in customs duties:

  1. Medicines: A significant announcement was the exemption of 36 life-saving medicines, including cancer treatment drugs, from Basic Customs Duty (BCD), making them more affordable for the public.
  2. Battery and Electronics: Mobile batteries are set to get cheaper due to schemes aimed at supporting electronics production. This could also lead to a reduction in mobile phone prices.
  3. Electric Vehicles (EVs): The cost of lithium-ion batteries, crucial for EVs and other equipment, will drop due to reduced duties. As a result, EV prices are expected to decrease, making eco-friendly vehicles more accessible.
  4. Minerals: 12 essential minerals will become cheaper following a reduction in BCD, helping industries relying on these materials.
  5. Shipbuilding Materials: The government has granted a 10-year exemption on BCD for shipbuilding raw materials, driving down costs in the shipbuilding sector.
  6. Food and Lifestyle Items:
    • Frozen fish paste and synthetic flavoring essences will be cheaper.
    • Medicinal equipment will see a price drop.
    • Leather products, particularly wet blue leather, will become more affordable as they are fully exempt from BCD.

What Gets Costlier?

While many items will see a price reduction, some products are set to become more expensive:

  1. Plastic Products: Plastic and plastic products, a key area of concern for sustainability, will see an increase in prices.
  2. Knitted Fabric: The cost of knitted fabric will rise, potentially making clothing items more expensive.
  3. Flat-Screen Televisions: Interactive flat-panel displays will incur higher duties, resulting in a price hike for flat-screen TVs.

RELATED ARTICLESMORE FROM AUTHOR

47 COMMENTS

  38. Natürlich kann man sich diverse Vorteile sichern, wenn man sich bei Vulkanspiele registrieren lassen hat. Auch generell ist es nicht besonders kompliziert, einen Vulkan Spiele Login zu erhalten. Wir gehen hier genauer darauf ein, wie man sich ein Konto erstellen kann und welche Vorteile man erwarten kann, wenn man nach dem Login Vulkanspiele in ihrer Gänze erleben kann.
    Alternativ bieten wir auch Freispiele als No Deposit Bonus an. Und Ihre dritte Einzahlung wird mit 120% bis zu 500 Euro plus 50 Freispielen für Book of Tribes belohnt. Bei der zweiten Einzahlung bekommen Sie dann weitere 150% bis zu 500 Euro an Bonusgeld sowie 30 Freispiele für Book of Fallen. Alle Sofortspiele aus dieser Kategorie können auch ohne den Einsatz von Echtgeld ausprobiert werden.
    Wir arbeiten mit den beliebtesten Spieleentwicklern der Branche zusammen, um unseren Spielern die besten Spiele anbieten zu können. Je höher der Rang des Spielers, desto höher der Cashback beziehungsweise der Einzahlungsbonus. Bei diesem sammelt jeder Spieler Punkte, die später in Echtgeld umgetauscht werden können. Zudem gibt es bis zu 150 Freispiele für unterschiedliche Slots und Spielautomaten.

    References:
    https://online-spielhallen.de/lapalingo-casino-promo-codes-ihr-leitfaden-zu-den-besten-angeboten/

  39. The casino features various electronic versions of table games including Rapid Roulette and Rapid Blackjack. Or play WSOP Bonus Texas Hold’em, a table game that offers a progressive jackpot that can reach $50,000 or higher. The Crown Melbourne includes all of the perennial casino favourites.
    For any modifications or changes toexisting bookings, please refer to your confirmation email for simpleadjustment options. Pleasebe advised that all Crown restaurants reservations are available exclusivelythrough our website. Discover all the finer details to make your time at Crown Melbourne seamless and enjoyable.
    The first alleged incident occurred on 25 November 2023 when Carruthers was claimed to have allowed an intoxicated woman access the Victoria facility’s gaming floor. Crown Resorts had also made changes within their corporate governance to return themselves to good standing within the framework of Australian gaming regulations. In March 2022 the Royal Commission issued its final report concluding that the company is unsuitable to run its Perth casino, but was given two years to return to suitability under the watch of an independent monitor. Meaning that gaming would not be allowed at Crown Sydney saying that Crown facilitated hundred of millions of dollars’ worth of money laundering in Crown Perth and Crown Melbourne.

    References:
    https://blackcoin.co/live-casino-hotel-maryland-the-ultimate-online-gambling-guide/

  40. The campus is located on both sides of the State Route 520 freeway, which connects it to the cities of Bellevue and Seattle as well as the Redmond city center. In 2009, a shopping mall called “The Commons” was completed on the campus, bringing 1.4 million square feet (130,000 m2) of retail space, as well as restaurants, a soccer field and pub to the West Campus. Green Building Council’s LEED Platinum certification and the International Living Future Institute’s Zero Carbon certification and has achieved Salmon Safe Certification. By adding native and adaptive vegetation, using rainwater capture for toilet flushing, and installing efficient fixtures and irrigation, the campus is projected to save more than 20 million gallons of water each year. At the heart of the new section lies a two-acre (0.8 ha) plaza that can host events and gatherings for both employees and the public. Architectural portals connect the campus to the garage below, allowing employees and visitors quick access and creating a pedestrian focus on campus.
    The campus is served by buses to Seattle and some Eastside cities at the Overlake Transit Center, operated by Sound Transit and King County Metro. Microsoft also announced its intention to contain most its future growth within Redmond, while retaining some offices in Downtown Bellevue and Factoria. The campus was originally leased to Microsoft from the Teachers Insurance and Annuity Association, a pension fund manager, until it was bought back in 1992. Microsoft chose to move its headquarters from Bellevue to nearby Redmond in January 1985, selecting a 29-acre (12 ha) plot of land that would be developed by Wright Runstad & Company. Microsoft initially moved onto the grounds of the campus on February 26, 1986, weeks before the company went public on March 13.

    References:
    https://blackcoin.co/slotimo-casino/

LEAVE A REPLY

Please enter your comment!
Please enter your name here