India

Union Budget 2024: Know what gets cheaper and what becomes expensive

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Mobile phone components and accessories

As per the Union Budget 2024, mobile phone parts, and accessories like chargers and batteries will have a price reduction in the financial year of 2024-25. 

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Solar Panels

FM Nirmala Sitharaman announced a reduction in the price of solar panels in the Union Budget 2024. 

Image credits: Freepik

Cancer medicines

As per the Union Budget 2024, three cancer treatment medicines will be get cheaper as they will be free from custom tax by government. 

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Footwear and clothing

The Union Budget 2024 announced that there will be a price reduction in footwears and cloting items. 

Image credits: Freepik

Iron and copper scrap

As per the Union Budget 2024, iron scraps and copper scraps will also get cheaper. 

Image credits: Freepik

X-ray equipment

FM Sitharaman announced in the Union Budget 2024 that seceral medical equipments like X-ray equipment will get cheaper. 

Image credits: Freepik

Gold, silver, and platinum

As per the Union Budget 2024, the custom duty on gold and silver will be reduced to 6% and for latinum it will be redcued to 6.4%. 

Image credits: Freepik

Telecom equipment

As per the Union Budget 2024, the basic customs duty will be increased from 10% to 15% on speicfied telecom equipment. 

Image credits: Freepik

Plastic products

The custom duty will be increased under the Union Budget 2024. 

Image credits: Freepik
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