Union Budget 2018: Full list of what's cheaper, what's dearer

01 February 2018, 03:00 PM
Union Budget 2018: Take a look at what gets cheaper, what gets costlier (Representational Image)
Union Budget 2018: Take a look at what gets cheaper, what gets costlier (Representational Image)

Finance Minister Arun Jaitley on Thursday presented his govt’s last full budget before the 2019 Lok Sabha Polls. Jaitley's budget did not strike the right chord with the salaried class as govt made no changes in individual income tax rate.

After the proposals announced by the finance minister, few things and services are likely to get cheaper while few could pinch your pocket. Customs duty on mobile phones and TV sets have been increased and both will get expensive.

Reacting to the budget, Congress leader and former Finance Minister P Chidambaram said that Arun Jaitley had failed the fiscal consolidation test in Budget 2018-19 and this would have serious consequences.

Here is the list of products and services that will get cheaper and costlier:

What's Cheaper

Petrol, Diesel prices drop by Rs 2 after excise duty cut

Cashew (Customs duty reduced from 5 per cent to 2.5 per cent)

Solar tempered glass or solar tempered glass used for manufacture solar panels/modules

Raw materials, parts or accessories used in making cochlear implants

Select capital goods and electronics such as ball screws and linear motion guides

Healthcare

Also Read | Budget 2018 Highlights: No changes in personal income tax rates, 10 percent Long Term Capital Gain tax introduced

What's dearer

Cars and motorcycles

Mobile phones

Silver

Gold

Vegetable, fruit juices, including orange and cranberry

Sunglasses

Miscellaneous food preparations other than soya protein

Perfumes and toilet waters

Sunscreen, suntan, manicure, pedicure preparations

Preparations for oral dental hygiene, denture fixative pastes and powders; dental floss

Pre-shave, shaving or after-shave preparations,

Deodorants, bath preparations, depilatories, perfumery

Scent sprays and similar toilet sprays

Truck and Bus radial tyres

Silk Fabrics

Footwear

Coloured gemstones

Diamonds

Imitation jewelry

Smartwatches/wearable devices

LCD/ LED TV panels

Furniture

Mattresses

Lamps

Wristwatches, pocket watches, clocks

Tricycles, scooters, pedal cars, wheeled toys, dolls?  carriages, dolls, toys, puzzles of all kinds

Video game consoles

Articles and equipment for sports or outdoor games, swimming pools and paddling pools

Cigarette and other lighters, candles

Kites

edible/vegetable oils such as olive oil, groundnut oil

In Pics: Union budget 2018 focuses on agriculture, infrastructure, healthcare reforms

While most of the salaried class had great hopes with the non-taxable income slab being raised to 3 lakh from the existing 2.5 lakhs, the govt decided otherwise to keep the rates unchanged. The only relief came by way of a standard deduction of Rs 40000 for the salaried class.

In his speech, Arun Jaitley said that the Budget 2018 would lay emphasis on agriculture and rural economy, health, infrastructure, senior citizens.

First Published: Thursday, February 01, 2018 01:48 PM
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