Union Budget 2020 : What gets costlier and what gets cheaper ?

Union Budget 2020 : What gets costlier and what gets cheaper ?

Finance Minister Nirmala Sitharaman has announced the budget for the upcoming fiscal starting April 1, 2020. Though budget brought joy to some sections, it has not really lived up to the expectations of the common man or market investors.

What gets costlier? (Increased cess /duty)

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 gets cheaper? (Decreased cess/duty)

Import of newsprint, lightweight coated paper reduced to 5%

Purified terephthalic acid