India's Finance Minister Nirmala Sitharaman has presented the second budget of the Modi government's second term in the Lok Sabha (Budget 2020). She has made several big announcements in the budget about Technology and Digital India, which has been said to promote mobile production, the surprising thing at the moment is that on one hand, the government has talked about promoting mobile manufacturing, but with she also made mobile expensive. Let's know what will be cheap and what can be expensive from this budget 2020.
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Budget 2020: What became expensive
After this budget, from mobile phones to petrol-diesel, gold, cashew, auto parts, synthetic rubber, PVC, tiles will be expensive. Apart from this, tobacco products are also estimated to be expensive. Slippers and shoes will also be expensive. Medical devices and cigarettes coming from outside will also be expensive. Fans and stationery are also going to suffer inflation. In addition, the custom duty on fans has been increased from 10% to 20%.
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Budget 2020: What will be cheaper
Talking about being cheap, the first name is solar battery. Buying solar batteries after the budget will be a profitable deal. Apart from this, home loans can also be cheaper. Although the Finance Minister did not make any big announcement about the automobile sector, but it is expected that electric cars can be cheaper. The list of items to be made cheaper include soy protein, raw sugar, plastic chemical, skimmed milk, TV, news print, platinum and plastic seats.
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