India’s Union Budget 2020: What got cheaper and what got costlier

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FEBRUARY 1, 2020

A vendor arranges vegetables at a market in Chennai – ARUN SANKAR/AFP via Getty Images

You will have to pay more for several items, including imported medical equipment, cigarettes and tobacco products among others after finance minister Nirmala Sitharaman announced a raise in tax in the Union Budget 2020.

At the same time, Nirmala Sitharaman proposed the withdrawal of customs duty exemption on raw sugar, agro-animal based products, tuna bait, skimmed milk, certain alcoholic beverages, soya fibre and soya protein.

Here’s a look at the things you will have to pay more and those whose prices will drop:

Pay more

• Medical equipment

• Footwear

• Furniture

• Wall fans

• Cigarettes, tobacco products

• Tableware/kitchenware made of porcelain or China ceramic

• Clay iron

• Steel

• Copper

• Catalytic converters

• Parts of commercial vehicles

• Selected electronic vehicles

• Selected toys

• Selected mobile equipment

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Pay less

• Raw sugar

• Skimmed milk

• Soya fibre

• Soya protein

• Certain alcoholic beverages

• Agro-animal based products

• Tuna bait

• Purified terephthalic acid (PTA)

• Newsprint

• Lightweight coated paper


Courtesy/Source: Hindustan Times