4 hours Ago By Mid-day
Finance Minister on Saturday presented the Union Budget 2025. While presenting the Budget, FM Sitharaman announced policies that will affect the prices of different articles for the common man. Sitharaman presented her eighth Union Budget for the fiscal year 2025-2026.
Following this, several items have become cheaper and costlier for consumers. Here is the full list of items that will get cheaper and costlier: - Import of drugs and medicines: 36 life-saving drugs for Cancer, rare diseases and other severe chronic diseases to be fully exempted from Basic Customs Duty (BCD). - BCD reduction to 5 per cent for open cells, other components of Electronic Goods.
- Raw materials for manufacturing ships for another 10 years. - Cobalt products such as powder and waste, the scrap of the lithium-ion battery, Lead, Zinc and 12 more critical minerals. - EV batteries: 35 and 25 additional goods for EV battery manufacturing and mobile phone battery manufacturing, respectively, to be added to the list of exempted capital goods.
- Mobile phones: 28 additional goods for mobile phone battery production to come in list of exempted capital goods. - Frozen Fish Paste: Customs duty on Frozen Fish Paste (Surimi) is to be reduced from 30 per cent to 5 per cent for the manufacture and export of its analogue products. - Leather Goods: Wet Blue leather - Carrier-grade ethernet switches - Open cell - Marine products - Flat panel display - Knitted fabrics.
