Budget 2021-22: What gets costlier and what gets cheaper

Manjula NR
·2-min read

Finance Minister Nirmala Sitharaman presented the Union Budget 2021 on Monday, February 1, 2021.

Take a look at what’s costlier and what is cheaper after the finance minister’s proposals:

WHAT IS CHEAPER:

  • Gold

  • Silver. Custom duty on gold/silver to be rationalised to reduce the prices of the precious metals.

  • Iron and Steel melting scrap, including stainless steel scrap

  • Primary/Semi-finished products of non-alloy steel

  • Leather goods

  • Nylon fibre and yarn

  • Nylon Chips

  • Copper items

  • Insurance

  • Iron and Steel melting scrap

  • Primary/Semi-finished products of non-alloy steel

  • Electricity

  • Shoes

  • Agricultural equipment

  • Naphtha

  • Caprolactam

  • Nylon Chips

  • Flat products of non-alloy and alloy-steel

  • Raw materials used in manufacture of CRGO Steel

  • Components or parts, including engines, for manufacture of aircrafts by Public Sector Units of Ministry of Defence

  • Platinum, Pallidum

  • Waste & Scrap of Precious Metals

  • Spent Catalyst or ash containing precious metals

  • Precious Metal Coins

  • Husbandry Feed additives or pre-mixes

WHAT IS MORE EXPENSIVE:

  • Mobiles phones

  • Air-conditioners

  • Refrigerators

  • Electronics items

  • Power banks

  • Cloth

  • Imported raw silk

  • Raw Silk (not thrown) and silk yarn/yarn spun from silk waste

  • Denatured ethyl alcohol (ethanol) for manufacture of excisable goods

  • Solar inverters

  • Leather items

  • Ink cartridges and ink spray nozzle

  • Nylon Fibre and Yarn

  • Tunnel boring machines

  • Kabuli chana, Pulses

  • Urea

  • Plastic builder wares

  • Prawn Feed

  • Fish feed in pellet form

  • Flours, meals and pellets of fish, crustaceans, molluscs or other aquatic invertebrates

  • Maize Bran

  • De-oiled rice bran cake

  • Carbon Black

  • Bis-phenol A

  • Epichlorohydrin

  • Plastics Builder’s ware of plastic, not elsewhere specified or included

  • Polycarbonates

  • Wet blue chrome tanned leather, crust leather, finished leather of all kinds, including their splits and slides

  • Cut and Polished Cubic Zirconia

  • Synthetic Cut and Polished Stones

  • Tunnel Boring Machines

  • Parts and components for manufacture of Tunnel Boring Machines

  • Specified auto parts like ignition wiring sets, safety glass, parts of signaling equipment, etc.

  • Metal prodi]]ucts like Screws, Nuts, etc.

  • Inputs, parts or sub-parts for manufacture of specified parts of mobile phones, including: Printed Circuit Board Assembly (PCBA), Camera module, Connectors

  • Printed Circuit Board Assembly [PCBA] and Moulded

  • Plastic, for manufacture of charger or adapter

  • Compressor of Refrigerator/Air Conditioner

  • Specified insulated wires and cables

  • Specific parts of transformer such as Bobbins, brackets, wires, etc.

  • Inputs and parts of LED lights or fixtures including LED

  • Lamps

  • Solar Inverters

  • Solar lanterns or solar lamps

NO CHANGE in prices for these products despite duty change

  • Cess imposed on Petrol and Diesel. However, the good news is that prices for petrol and diesel won't change because or reduction in other duties.

  • Alcoholic beverages

  • Crude palm oil

  • Crude soyabean, sunflower oil

  • Gems

  • Pulses

  • Specified fertilisers (Urea)

  • Auto parts

  • Apples

  • Coal, ignite, and peat

  • Peas

  • Kabuli chana

  • Bengal gram/chick peas

  • lentil (mosur)

  • Cotton (not carded or combed)

DON’T MISS: