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

PM Modi’s Khadi Push Takes The Ramp: ‘Navyug Khadi’ Fashion Show Redefines Indian Style At Pragati Maidan

The Navyug Khadi Fashion Show showcased khadi’s modern transformation, blending PM Modi’s vision, artisan heritage,…

6 hours ago

Winter Session Set For Political Firestorm In Parliament

Parliament braces for a stormy winter session as the government pushes reforms and the Opposition…

7 hours ago

President Murmu Celebrates Blind Women’s T20 World Cup Heroes At Rashtrapati Bhavan

President Droupadi Murmu celebrated the Indian Blind Women’s T20 World Cup winners at Rashtrapati Bhavan,…

8 hours ago

Realme C85 5G Packs Big Battery, Fast Display & IP69 Strength At A Budget Price

Realme launches the C85 5G with a 7000 mAh battery, 144 Hz display and IP69…

9 hours ago

Beat Winter Smog: Power Foods That Strengthen Your Lungs

A lung-strengthening diet rich in antioxidants, spices and fibre helps Indians fight winter pollution and…

10 hours ago

AI Deepfake Misrepresents CDS Chauhan; PIB Confirms Video False

PIB fact check debunks AI-manipulated video showing CDS Chauhan falsely claiming India surrendered Arunachal Pradesh…

11 hours ago