Budget 2018: Know What’s Make You Down

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New Delhi: Finance Minister Arun Jaitley on Thursday presented his govt’s last full budget before the 2019 Lok Sabha Polls.

Here is the list of products and services that will get cheaper and costlier:

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What’s Cheaper :

  • Petrol, Diesel prices drop by Rs 2 after excise duty cut
  • Cashew (Customs duty reduced from 5 per cent to 2.5 per cent)
  • Solar tempered glass or solar tempered glass used for manufacture solar panels/modules
  • Raw materials, parts or accessories used in making cochlear implants
  • Select capital goods and electronics such as ball screws and linear motion guides
  • Healthcare

What’s Costlier :

  • Cars and motorcycles
  • Mobile phones
  • Silver
  • Gold
  • Vegetable, fruit juices, including orange and cranberry
  • Sunglasses
  • Miscellaneous food preparations other than soya protein
  • Perfumes and toilet waters
  • Sunscreen, suntan, manicure, pedicure preparations
  • Preparations for oral dental hygiene, denture fixative pastes and powders; dental floss
  • Pre-shave, shaving or after-shave preparations,
  • Deodorants, bath preparations, depilatories, perfumery
  • Scent sprays and similar toilet sprays
  • Truck and Bus radial tyres
  • Silk Fabrics
  • Footwear
  • Coloured gemstones
  • Diamonds
  • Imitation jewelry
  • Smartwatches/wearable devices
  • LCD/ LED TV panels
  • Furniture
  • Mattresses
  • Lamps
  • Wristwatches, pocket watches, clocks
  • Tricycles, scooters, pedal cars, wheeled toys, dolls?  carriages, dolls, toys, puzzles of all kinds
  • Video game consoles
  • Articles and equipment for sports or outdoor games, swimming pools and paddling pools
  • Cigarette and other lighters, candles
  • Kites
  • edible/vegetable oils such as olive oil, groundnut oil

While most of the salaried class had great hopes with the non-taxable income slab being raised to 3 lakh from the existing 2.5 lakhs, the govt decided otherwise to keep the rates unchanged. The only relief came by way of a standard deduction of Rs 40000 for the salaried class.

In his speech, Arun Jaitley said that the Budget 2018 would lay emphasis on agriculture and rural economy, health, infrastructure, senior citizens.