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

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:

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• Budget 2021: Why the super rich must be taxed more

• Markets @50,000: Should you book profits or stay put?

• Does the RBI Governor have any role in preparing the Union Budget?

• 7 things the salaried class wants from this Budget

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