Finance Minister Nirmala Sitharaman on Monday tabled Union Budget 2021 in the Parliament with main focus on healthcare, infrastructure and privatisation of various government undertakings.
It is one of the most important budgets in recent years as the country is facing an unprecedented situation due to the coronavirus pandemic. The finance minister presented optimistic figures, as she said that the country will grow at 11 per cent for the next fiscal year. However, it is projected to contract at 7.7 per cent for the current fiscal year. The COVID vaccine drive has helped in reviving the economy and putting the country back on its growth path. This was also the first paperless budget in the history of independent India.
The budget, crucial for every citizen, will lead to change in the prices of certain commodities including essential ones. In view of the new budgetary provisions, many commodities are set to become more expensive while some others will get cheaper.
Here is the list of what has become cheaper and what has become costlier:
Costlier
Mobile phones
Chargers
Power banks
Imported raw silk
Solar inverters
Leather items
Imported Gemstones
Tunnel boring machines
Kabuli chana, Pulses
Urea
Imported Auto parts
Cheaper
Iron
Steel
Nylon clothes
Copper items
Leather goods
Gold & Silver
Insurance
Shoes
Agricultural equipment
