Union Budget 2024: What is cheaper and what is costlier? check details here

Finance minister Nirmala Sitharaman on Tuesday presented Union Budget 2024 While presenting the Budget FM Sitharaman announced policies that will affect the prices of different articles for the common manSitharaman presented her seventh Union Budget for the fiscal year 20242025 Following this several items have become cheaper and costlier for consumersHere is the full list of items that will get cheaper and costlierItems that have become cheapergt Basic customs duty on mobile phones and mobile chargers to be reduced to 1537gt Three more cancer treatment drugs exempted from customs dutygt Basic customs duty on certain brood stocks shrimps and fish feed to be reduced to 537gt Customs duties on gold and silver are to be reduced to 637gt Customs duties on platinum to be reduced to 6537gt Government proposes not to extend customs on solar energyrelated partsgt Government proposes to cut customs duty for manufacturing leather and footweargt Specified capital goods for use in manufacture of solar cells or solar modules and parts for manufacture of such capital goodsItems that have become costliergt Government increases basic customs duty to 1537 from 1037 on specified telecom equipmentgt Poly vinyl chloride PVC flex films also known as PVC flex banners or PVC flex sheetsgt Garden umbrellasgt Laboratory chemicalsgt Solar glass for manufacture of solar cells or solar modulesgt Tinned copper interconnect for manufacture of solar cells or solar modulesPresenting the Union Budget for 2024 Finance Minister Nirmala Sitharaman on Tuesday pegged the fiscal deficit target at 49 per cent of gross domestic product GDPIn the Interim Budget tabled on February 1 she pegged it at 51 per cent of GDPIn 202324 the government pegged the fiscal deficit target for 202324 at 59 per cent of gross domestic product GDP Later the fiscal deficit for 202324 was downwardly revised to 58 per centThe difference between total revenue and total expenditure of the government is termed as the fiscal deficitIt is an indication of the total borrowings that may be needed by the governmentThe government intends to bring the fiscal deficit below 45 per cent of GDP by the financial year 202526The fiscal consolidation path announced by me in 2021 has served our economy very well and we aim to reach a deficit below 45 per cent next year Sitharaman saidThe government is committed to stay the course From 202627 onwards our endeavour will be to keep fiscal deficit each year such that the central governments debt will be on a declining path as a percentage of GDP she addedWith inputs from Agencies