India

The Cheaper, Costlier List: Details Here

With reduction in custom duty on cancer drug and mobile phones, their prices are estimated to contract considerably. The three drugs to see reduction on custom duty are Trastuzumab deruxtecan, Osimertinib and Durvalumab.

There has also been reduction of 15 percent on the custom duty of mobile phones and mobile chargers.

“The government will exempt three cancer treatment drugs from customs duty. I will also reduce basic customs duty on mobile phones, chargers and other mobile parts,” FM Sitharaman said presenting the Budget 2024.

Seafood, leather items, imported gold and silver, mobile phones, and other things are expected to decrease in price. The retail demand will be greatly boosted by the 6% cut in duties on gold and silver.

Also Read: Latest Budget Announces One Crore Houses For Urban Poor

FM Sitharaman also suggested a 5% fall in seafood tariffs, which covers shrimp and fish feed, and a 6.5% reduction in customs duties on platinum.

The Finance Minister offered tax benefits for more than 4 crore salaried people.

The normal deduction limit for individuals subject to the new tax regime has been raised from Rs 50,000 to Rs 75,000, and the deduction for pensioners’ family benefit has been increased from Rs 15,000 to Rs 25,000.

The Finance Minister, during her speech while presenting Budget, said that the reduction will benefit about four crore salaried individuals and pensioners.

Shibra Arshad

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

9 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

9 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

10 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

10 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

11 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

11 hours ago