Budget 2025: The budget is going to be presented on Saturday 1 February. In the budget, everyone is waiting for what will be expensive and what will be cheap? The government announces direct and indirect tax in the budget. In indirect tax, the government reduces or reduces import duty on many products. It has a direct effect on the common man. Here you are telling the list of products which can be cheap or expensive in budget 2025 this year.
Will petrol and diesel be cheaper?
The government had given a budget of Rs 1.19 trillion to the Ministry of Petroleum and Natural Gas to improve energy infrastructure last year. However, petroleum subsidy was reduced. This time the Confederation of Indian Industry (CII) has demanded the government to reduce excise duty on fuel. If it is believed, the price of petrol and diesel may be low. Apart from this, if the government announces to bring petrol and diesel under GST in the budget, then petrol and diesel can be cheaper. Also, the price of petrol and diesel in all states can be the same. The government does not announce the budget regarding GST. The Finance Minister holds a separate meeting for that. But the government can give it in the hint budget, such an industry is expected.
Will the cost of medicines be low?
In the last budget, the government had given customs exemption on three drugs used in the treatment of cancer. However, this time it is expected that the government will waive tax or tax on medicines of major diseases in the budget. So that, common people can get easily and inexpensive medicines.
Will mobile and charger be cheap?
In the last budget, the government had reduced custom duty on mobile and charger to 15 percent. This showed an impact on both the products. The government gave a budget of Rs 15,500 crore for electronics manufacturing in the last budget. The government’s focus was on semiconductors and mobile manufacturing. If the government reduces any tax or duty on this, then their prices will be low.
There will be focus on these sectors in the budget?
The government’s focus in the budget will be on important issues like inflation, employment and economic development. In the last year’s budget, there was more focus on public infrastructure and sustainability, this time the government’s focus will be on Railways, Aviation, Healthcare, Hospitality, Data Center etc.
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