Union Budget 2022: What gets cheaper, what's costlier

Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2022-23 today.

Yogita
Published on 1 Feb 2022 7:37 AM GMT
Nirmala Sitharaman
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New Delhi: Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2022-23 today.This is the fourth budget of the second term of the Modi government. This budget has been presented in the time of Coronavirus Pandemic.

After the budget, the question in everyone's mind is that what will be cheaper and more expensive than this. Agricultural goods will be cheaper after the budget. Apart from this, custom duty has been cut on cut and polished diamonds in the budget.

What is cheaper?

Import duty on transformers and camera lenses of mobile phone chargers has been reduced.

Domestic mobile phone chargers will be cheaper. Mobiles assembled in the country can also be cheap.

Mobile production will be encouraged at the domestic level.

Apart from this, Finance Minister Sitharaman has also proposed to reduce custom duty on some chemicals. These also include methanol. She said that this has been done to promote domestic manufacturing. The Finance Minister has also announced that exemption of custom duty on steel scrap is being extended for one more year.

What is costlier?

In order to discourage the import of undervalued artificial jewelry in the budget, the government has now reduced the import duty on it to Rs 400 per kg. In such a situation, these ornaments can become expensive in the coming time.

Umbrellas will become expensive from now on.

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Yogita

Yogita

She covers current News topics, keeps the audience updated with Buzz around the world.

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