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Union Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha on Tuesday. The biggest highlight of the Budget was the proposal of no income tax for those earning upto Rs 3 lakh per year under the new tax regime.
Proposals were also made to reduce GST for certain items. Check out how Budget 2024-25 impacts your household expenses right here:
What got more expensive?
Gold bar and dore
Silver bar and dore
Platinum, Palladium, Osmium, Ruthenium, and Iridium
Coins of precious metals
Platinum and Palladium used in the manufacture of noble metal solutions, noble metal compounds, and catalytic converters
Cancer Drugs: Trastuzumab Deruxtecan, Osimertinib, Durvalumab
Medical Equipment: All types of polyethylene for use in the manufacture of orthopedic implants
X-ray tubes for use in the manufacture of X-ray machines for medical, surgical, dental, or veterinary use
Flat panel detectors (including scintillators) for use in the manufacture of X-ray machines for medical, surgical, dental, or veterinary use
Imported cellular mobile phones
Charger/Adapter of cellular mobile
Printed Circuit Board Assembly (PCBA) of cellular mobile phone
Specified capital goods for use in the manufacture of solar cells or solar modules, and parts for the manufacture of such capital goods
Shea nuts
Fish lipid oil for use in the manufacture of aquatic feed
Crude fish oil for use in the manufacture of aquatic feed
Natural Graphite
Natural sands of all kinds
Quartz
Critical Minerals: Lithium carbonates, Lithium oxide and hydroxide, Nitrates of potassium
Steel Sector: Ferro Nickel and Blister Copper
Textile and Leather Sector: Methylene Diphenyl Di-isocyanate (MDI) for use in the manufacture of Spandex Yarn
What got cheaper?
Polyvinyl chloride (PVC) flex films (also known as PVC flex banners or PVC flex sheets)
Garden umbrellas
Laboratory chemicals
Solar glass for the manufacture of solar cells or solar modules
Tinned copper interconnect for the manufacture of solar cells or solar modules
Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman presented her 7th consecutive Union Budget on July 23, 2024 under the Modi 3.0 government. This Budget brought tax relief for the middle class, while focusing on jobs through skilling, incentivising employers. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.