Budget 2024: increased the burden on the common man’s pocket, telecom equipments, plastic products will be expensive

Budget 2024, The first general budget of Modi 3.0 (Union Budget 2024) has been presented. Finance Minister Nirmala Sitharaman presented it in Parliament; this is her seventh consecutive budget as Finance Minister. Many announcements have been made for different sectors in the budget. But what has increased the burden on the common man’s pocket and which announcement has given him relief. So let us tell you that the government has reduced the custom duty on many things and mainly cancer medicines have been made duty free.

Source: X.Com

The first budget of Modi 3.0 is being presented in Parliament. While starting her budget speech, Finance Minister Nirmala Sitharaman said that it is historic to form the government in the country for the third consecutive time under the leadership of Prime Minister Modi. The people of the country have shown confidence in the government. The global situation has had an impact on inflation, but inflation in India is under control and is within the range of 4%. 


Nirmala Sitharaman said that in the interim budget we had focused on the poor, women, youth and Annadata. She said that the Indian economy is continuously shining. The entire budget also focuses on these. Our emphasis is on increasing production in the agricultural sector, this is the first priority for developed India. He enumerated 9 priorities of the government. These include agriculture sector along with urban development, employment and skill development, agricultural research, energy security, innovation, research and growth, improving the next generation.

Source: X.Com

Finance Minister Nirmala Sitharaman made a big announcement saying that cancer medicines will be cheaper. BCD has been reduced by 15% on mobiles and other devices including mobile chargers.

Finance Minister Nirmala Sitharaman made a big announcement saying that cancer medicines will be cheaper. BCD on other devices including mobiles and mobile chargers has been reduced by 15%.  Apart from this, the government has now reduced the custom duty on gold and silver to 6%. After this the prices of gold and silver will come down. Apart from this, custom duty on leather and footwear was reduced. On the other hand, telecom equipment has become expensive; the custom duty on it has been increased to 15%. 

What will be expensive?

Solar glass

Betel

Plastic products

Telecom equipment

Laboratory Chemicals

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