Last Updated: February 01, 2024, 07:15 IST
Finance Minister Nirmala Sitharaman is about to current the Union Budget 2024 in Parliament at present, February 1, 2024. (File Photo)
Finance Minister Nirmala Sitharaman is about to current the Union Budget 2024 in Parliament at present. This is Sitharaman’s fifth Budget and present authorities’s final Union Budget earlier than the 2024 Lok Sabha polls.
Budget 2024 Cheaper Dearer Full List: As Finance Minister Nirmala Sitharaman is about to current the 2024 Interim Budget of the Prime Minister Narendra Modi-led central authorities on Thursday, February 1, we’re all curious to know what objects are set to turn out to be extra reasonably priced and what are most likely going to tweak our bills.
From 2019 to 2023: What Got Cheaper & What Got Costlier
Budget 2023-2024
- Cheaper: TVs, smartphones, compressed fuel, shrimp feed, lab-grown diamonds, equipment for manufacturing lithium-ion cells for EVs
- Costlier: Cigarettes, bicycles, imitation jewelry, air journey, electrical chimney, copper scrap, textiles
Budget 2022-2023
- Cheaper: Imitation jewelry, computer systems, cell phones, laptops, minimize and polished diamonds, gems
- Costlier: Umbrellas, imported objects, unblended gasoline, sweets, smartwatches and their earbuds
Budget 2021-2022
- Cheaper: Gold, silver, leather-based merchandise, nylon garments, merchandise made from iron, metal and copper
- Costlier: Solar cells, cell phones and chargers, imported gems and valuable stones, imported AC and fridge compressors, imported auto elements
Budget 2020-2021
- Cheaper: Raw sugar, skimmed milk, soya fibre, soya protein, sure alcoholic drinks, agro-animal based mostly merchandise, import of newsprint, light-weight and coated paper, purified terephthalic acid
- Costlier: Medical gear, footwear, furnishings, wall followers, cigarettes and different tobacco merchandise, clay iron, metal, copper, CV elements
Budget 2019-2020
- Cheaper: Affordable homes, set-high packing containers, imported defence gear, imported elements of EVs, digicam modules, cell phone chargers, imported uncooked materials for making synthetic kidneys, imported wool fibre, wool tops
- Costlier: Petrol, diesel, money withdrawal over Rs 1 crore a yr, totally-imported automobiles, cut up ACs, cigarettes, hookah and chewing tobacco merchandise, imported auto elements, imported stainless-steel merchandise, imported gold and different valuable metals, imported paper and paper merchandise together with printed books, imported plugs, sockets and switches, CTV cameras, loudspeakers
What is an Interim Budget?
Interim Budget, often known as Vote on Account, is a price range introduced by the central authorities for a brief time frame forward of common elections. During an election yr, the incumbent authorities can not current a full price range, due to this fact, the Union Finance Minister current an Interim Budget on behalf of the federal government that covers the Centre’s bills and revenues for a brief interval. This price range stands legitimate until a brand new authorities is elected and takes cost.
When Will Full Budget Be Released?
The full Budget will likely be launched after the newly shaped authorities takes over following the Lok Sabha election outcomes. The authorities will then current a Union Budget which will likely be its complete monetary plan introduced yearly, outlining the federal government’s income, expenditure, and coverage initiatives for the upcoming fiscal yr.
