What’s cheaper, what’s costlier ?
NEW DELHI, Feb 1
Union Finance Minister Nirmala Sitharaman presented her fifth straight Budget on Wednesday in Lok Sabha. A large number of commonly used items will become more expensive and certain goods will become cheaper as the Government has slashed the customs duty according to the Union Budget 2023-24.
Here’s is a list of items that will become cheaper and costlier.
Mobile phones and TV sets manufactured in India
Denatured ethyl alcohol
Acid grade fluorspar
Fish lipid oil used in manufacturing aquatic feed
Machinery for manufacturing lithium ion cell to be used in electric vehicles
Raw materials for manufacture of CRGO Steel, ferrous scrap and nickel cathode
What’s dearer : Fully imported cars, including electric vehicles (EV)
Kitchen chimney, Imported bicycles and toys, Articles made of gold, platinum, Imitation jewellery, Silver dores, bars, articles, Copper scrap, Compounded rubber, Cigarettes
Budget 2023 is the last full Budget of the Modi Government in its second term with the next Lok Sabha election due in April-May of 2024. Earlier on Tuesday, Ms. Sitharaman tabled the Economic Survey for the Financial Year 2022-23 in the Lok Sabha, stating that the economic recovery of India from the Covid-19 pandemic is complete and the economy is expected to grow in the range of 6 to 6.8%. This is in comparison to the estimated 7% this fiscal and 8.7% in 2021-22. The Hindu