Union Finance Minister Nirmala Sitharaman presented the union budget 2023 which is the last full-fledged budget of Modi government before the Lok Sabha election rings in 2024. Ms. Sitharaman’s budget speech outlined which items would be cheaper and which would be more expensive.
Here is the list of items which are set to get cheaper and which are going to get costlier.
Things that are set to be costlier:
Cigarettes
Imitation Jewellery
Silver Products
Electric kitchen chimney
Imported bicycles and toys
Electronic vehicle imports
Things that will become cheaper
Parts for mobile phones
Parts for TV panels
Machinery for lithium ion batteries
Raw materials for EV industry
The budget session of the Parliament began on Tuesday with the President’s address after which the Economic Survey for 2022-23 was tabled. The formal exercise to prepare the annual Budget for the next financial year (2023-24) commenced on October 10.
