Budget 2025: The budget will be presented on Saturday, February 1st. Everyone is waiting for the upcoming budget. The general public is waiting to know what will be cheaper and what will be expensive. Every section of society has expectations from this budget.
Farmers, in particular, have very high expectations from the budget. Finance Minister Nirmala Sitharaman will give her budget speech in Parliament on February 1. This time, from salaried taxpayers to older people, there are a lot of expectations from the budget. So, let’s look at what can be cheap or expensive in Budget 2025.
Will petrol and diesel be cheaper?
Last year, the government gave a budget of Rs 1.19 trillion to the Ministry of Petroleum and Natural Gas. This time, the Confederation of Indian Industry (CII) demanded that the government reduce the excise duty on fuel. If the demand is met, petrol and diesel prices may decrease. It is also being said that if the government announces bringing petrol and diesel under GST in the budget, petrol and diesel may be cheaper than now. The price of gasoline and diesel may be the same in all states.
Will the price of medicines be reduced?
In the last budget, the government had given a discount on customs duty on three medicines used to treat cancer. It is estimated that the Modi government may provide tax exemptions or waive taxes on drugs for major diseases in the budget. So that ordinary people can get cheap drugs.
Will mobiles become cheaper?
In the last budget, the government reduced the customs duty on mobiles and chargers to 15 per cent. In addition, the government had given a budget of Rs 15,500 crore for electronics manufacturing in the last budget. In such a situation, it is estimated that the government can reduce the customs duty again.