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Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget for the fiscal year 2025-2026. Let’s explore what has become cheaper and costlier for consumers.
36 Essential Medicines Fully Exempt from Basic Customs Duty (BCD)
This change will reduce costs for life-saving medications, ensuring better access to healthcare for the public.
12 More Critical Minerals Exempt from BCD
Key minerals like cobalt powder, lithium-ion battery waste, lead, and zinc will now be exempt. Impact: Supports industries like electric vehicles (EVs) and renewable energy.
35 Additional Goods for EV Battery & 28 for Mobile Phone Battery Manufacturing Added to BCD Exemption List
This reduction in duties will help lower production costs, benefiting both the EV and smartphone sectors.
Basic Customs Duty on Interactive Flat Panel Displays Raised to 20 per cent (from 10% per cent)
This is part of a move to address the inverted duty structure. Impact: Prices for interactive displays used in education and business may rise
This budget brings changes that could benefit the healthcare, electric vehicle, and technology sectors, while adjusting prices in areas like interactive displays. Understanding these shifts will help consumers make informed choices in the year ahead.
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