The Union Budget 2021 was recently announced and it saw many things getting cheaper and many things get expensive. The 2021 budget, which was a relatively shorter one, saw an inducement of money mainly into the infrastructure, health and farming sector aiming to boost both economic activity and the health of the nation.
Post budget, while a large number of items might become expensive, there are also certain things that will become cheaper. Have a look:
Items that will cost more:
- Petrol & Diesel: Agriculture Infrastructure & Development Cess (AIDC) of Rs 2.5 per litre & Rs 4 per litre to be imposed respectively
- Electronic items
- Mobile Phones
- Crude palm oil, soyabean & sunflower oil
- Apples, Peas, Kabuli Chana, Bengal Gram/Chick peas, Lentil
- Cotton
- Raw Silk and silk yarn
- Denatured ethyl alcohol for manufacture of excisable goods
- Prawn Feed
- Fish feed
- Flours, meals & pellets of fish, molluscs
- Maize Bran
- Carbon Black
- Polycarbonates
- Leather, crust leather, finished leather of all kinds
- Gemstones
- Tunnel Boring Machines
- Metal products – Screws, Nuts
- Compressor of Refrigerator & Air Conditioner
- Inputs and parts of LED lights
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Items that will get cheaper
- Naphtha
- Caprolactam
- Nylon Chips
- Nylon fabric
- Iron and Steel melting scrap
- Primary/Semi-finished products of non-alloy steel
- Copper Scrap
- Components or parts for aircraft manufacture by PSUs for Ministry of Defence
- Platinum
- Pallidum
- Waste & Scrap of Precious Metals
- Gold and silver
- Shoes
- Insurance
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