In this article, I’m going to present you the list of all those items that are going to be cheaper and expensive after Union Budget 2019-20.
Today India’s Finance Minister Nirmala Sitharam became the 2nd women after India’s Independence who present the Union Budget of India. Before that, India’s former Prime Minister Indira Gandra presented the Budget of India for the financial year 1970-71.
One more unique thing we see in this year Budget is, Nirmala Sitharaman brings the Budget in a red parcel like the bag. When media spokesperson ask her Why she couldn’t bear the Budget in the red Briefcase, she explains India is changing now, and we are now kicking off the rituals made by the British Empire. One more thing to notice in the red budget bag is it embeds our national emblem.
If you remember this is the second Budget Modi Government has presented this year. Before General Elections 2019, Modi Government rolls out the Interim Budget which is valid only for Two months. Now, After winning the General Elections 2019, Modi Government rolls out the full Budget for the Financial Year 2019-20.
Well, Every year, the Central Government rolls out an Annual Financial Report, and we call this report as the Budget of India.
Now, let’s talk about the part for which most of us are eagerly waiting. Things that are going to be cheaper or costlier after the Budget. Below I have made a list of all items that are going to be cheaper or more expensive after the budget 2019.
What is Cheaper and What is Expensive? Budget 2019
Let’s first talk about the things that are going to be expensive.
- Petrol and Diesel: Petrol and Diesel Price rise by Rs. 2.5 and Rs. 2.3
- Loudspeaker
- Video Recorder
- CCTV Camera
- Vehicle Horn
- Cigarettes
- Optical Fiber
- Stainless Steel Products
- Air Conditioner
- Gold: Government hikes the import duty on Gold, now taking 12.5% earlier, which was 10%.
- Imported Cars
- Ceramic Tiles and Wall Tiles
- Electric Plugs and Switches
Now let’s talk about the things that are going to be cheaper.
- Electric Vehicles
- Home Loans
- Daily Usage Items like Toothpaste, Soap, Shampoo, Pasta, Noodles, Namkeen.
- Dhoop Batti
- Bottles
- Sanitary Napkins
- Fan
- Lamp
- Briefcase
- Carry Bag
Beside these Nirmala Sitharaman also announce that soon Government is going to launch the new coins for Rs. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 20.
Read also: One can now file Income Tax Return via Aadhaar Card