A large number of items including cigarettes, tobacco products, medical equipments will become more expensive due to hike in taxes, as proposed by the finance minister, while the items that will become cheaper include raw sugar, skimmed milk, select alcoholic beverages, agro-animal based products, tuna bait, among others.
Below is the list of what got expensive and what got cheaper.
In the Union Budget 2020, the following items became costlier:
- Footwear Furniture
- Imported medical equipment
- Cigarettes
- Tobacco products
- Wall fans
- Kitchenware
- Raw sugar
- Skimmed milk
- Some alcoholic beverages
- Soya fibre
- Soya protein
- Agro-based animal products
- Steel
- Copper
- Clay iron
- Catalytic converters/some electrical products
- Some automobile spare parts
What got cheaper:
- Import of newsprint
- lightweight coated paper
- Purified terephthalic acid
- raw sugar
- skimmed milk
- select alcoholic beverages
The unusually long 2 hours, 41 minutes Budget speech by Finance Minister Nirmala Sitharaman, has received opposition’s criticism for not having anything concrete in it.
“There is nothing concrete in the budget as the biggest problem in front of the country is unemployment and the government has not addressed that,” said Congress leader Rahul Gandhi.