Union Budget 2021: Here is what will be dearer and cheaper now
Union Finance Minister Nirmala Sitharaman presented Union Budget 2021-22 in Lok Sabha on Monday (January 1). This budget was special in many ways as it was being presented amidst challenges like coronavirus pandemic. In such a situation, the eyes of common people and special people werre set on the announcements.
India boosted its healthcare spending by 137 per cent in a budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive an economy that suffered its deepest recorded slump as a result of the pandemic. Delivering her budget statement to Parliament, Sitharaman projected a fiscal deficit of 6.8 per cent of gross domestic product for 2021-22.
Here is the full list of what will get dearer and what will be cheaper:
1) Compressors for refrigerators and air conditioners
2) LED lamps
3) Raw silk and cotton
4) Solar inverters and lanterns
5) Automobile parts such as safety and toughened glass, windscreen wipers
6) Mobile phone parts like printed circuit board assembly (PCBA), camera module, connectors, back cover
7) Mobile phone charger
8) Leather products
9) Nylon fibre and yarn
3) Other precious metals like platinum and palladium
4) Medical devices imported by international organisation and diplomatic missions