Union Budget 2024: What's cheaper and what's dearer? Here's the full list

NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in Parliament focussed on several areas including the agriculture, manufacturing, and services sectors.

She also announced major changes in the capital gains and income tax regimes. “The people have given a unique opportunity to our government to take the country on the path of strong development and all-round prosperity,” said FM Nirmala Sitharaman.

Taking a bottoms-up approach, the Budget focused on assuring affordable medicines especially for cancer patients along with reducing custom duty on precious metals like gold, silver to 6% and platinum to 6.5%.

Meanwhile, telecom equipments and plastic goods are set to become expensive.

"PVC flex banners are non-biodegradable and hazardous for environment and health. To curb their imports, I propose to raise the BCD on them from 10 to 25%," she said.

Also See: Budget 2024 Live Updates

Here's a list of goods that became cheaper:

• Cancer medicines- Exempted three cancer medicines from custom duties.
• Mobile phones, chargers- Reduced BCD to 15% on mobile phones, PCBA and mobile chargers.
• Precious metals- Reduced custom duty on gold and silver to 6% and platinum to 6.5%.
• Fish- Reduced BCD on fish feed and shrimp to 5%.
• Minerals- Exempted custom duties on 25 critical minerals.
• X-ray tubes and flat panel detectors for use in medical X-ray machines.
• Solar cells and panel.
• Leather and Textile-BCD reduced on real down filling material from duck or goose.
• Steel and Copper-Customs duty reduced on ferro nickel and blister copper.

Here's a list of goods that'll get expensive

• Telecom goods- BCD increased from 10% to 15% on PCBA of specified telecom equipment
• Plastic goods- BCD raised from 10 to 25%.
• Ammonium Nitrate- Duty increased from 7.5% to 10%
• PVC flex banners- Duty increased from 10 to 25 per cent.
• PCBA (printed circuit board assembly) of specified telecom equipment- Duty increased from 10 to 15 per cent.

Meanwhile, Sitharaman said that India's inflation rate is stable and moving toward the government's 4% target, she said, while the economy grew at a sizzling 8.2% rate in the last fiscal year.

“India’s economic growth continues to be the shining exception and will remain so in the years ahead,” the finance minister said.

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