India Union Budget 2025: Finance Minister Nirmala Sitharaman is presenting the Union Budget on February 1. The general public has high expectations from this budget. Finance Minister Nirmala Sitharaman will make a record of delivering the 8th consecutive budget. In 2019, Prime Minister Narendra Modi formed the government at the Center for the second successive time.
Since then, Sitharaman has presented the general budget seven times. According to sources, PM Modi said in the cabinet meeting -that this budget is for the farmers and people with low incomes. This budget is a budget for the ordinary people. Before the budget presentation, PM Modi made a big statement. Many such announcements are to be made in the budget, which will also affect the things used daily. So let us know what is going to be expensive and what is going to be cheap in this budget:-
Prices of these things may decrease.
Equipment prices for electronics and gadgets (smartphones, laptops, smart TVs) may come down for these products.
Subsidy or tax incentives are also expected to promote clean energy in electric vehicles (EVs).
Tax exemptions can increase access to treatment for cancer and rare diseases.
If there is a tax cut on electronic equipment for home appliances, then you can buy washing machines, ACs and refrigerators at cheaper rates.
Tax benefits or interest cuts on home loans for affordable homes are possible.
Prices of these products may increase.
There is a possibility of increased GST on products related to luxury goods and high-class electronics products.
There is a possibility of an increase in tax on tobacco and cigarettes.
There is a possibility of an increase in this to reduce alcohol consumption.
There is a possibility of an increase in import duty on precious metals like gold and silver.
An increase in aviation fuel tax related to air travel is possible.