| 2 minutes read

2 minutes read

Union Budget 2023: What Is Cheaper, What Is More Expensive?

| Published on February 2, 2023

Budget 2023: Ms. Sitharaman’s budget address outlined which items will be more reasonably priced and which would be more costly.

On Wednesday in the Lok Sabha, Union Finance Minister Nirmala Sitharaman delivered her sixth consecutive budget. As a result of the government’s reduction in customs duty, many everyday commodities would increase in price while certain products will decrease in price, as stated in the Union Budget 2023–24.

The following things will be more affordable and more expensive in FY24, according to the Union Budget 2023–24.

What’s Affordable

1. India-made televisions and mobile phones
2. Unnatural ethyl alcohol
3. Acid-grade fluorspar
4. Feeding shrimp
5. Diamonds created in a laboratory
6. Aquatic feed is produced using fish lipid oil.
7. Equipment for producing lithium-ion batteries for use in electric cars
8. Nickel cathode, ferrous trash, and raw ingredients for making CRGO steel

What’s Expensive

1. Full imports of automobiles, including EVs (EVs)
2. Kitchen Chimney
3. Imported toys and bicycles
4. Items made of platinum and gold
5. Forgery jewelry
6. Articles, bars, and doors in silver
7. Compounded rubber
8. Copper scrap
9. Cigarettes

The Modi government’s second term is coming to an end with the passage of Budget 2023, and the forthcoming Lok Sabha election is scheduled for April or May of 2024.

The Indian economy has fully recovered from the Covid-19 epidemic, according to Ms. Sitharaman, who earlier on Tuesday submitted the Financial Study for the Fiscal Year 2022–23 to the Lok Sabha. She predicted that the economy will expand between 6 and 6.8% in the upcoming fiscal year 2023–24. This contrasts with the predicted 7% for this fiscal year and 8.7% for 2021–22.

Memefest over Cigarette Price Increase

Smokers unhappy with cigarette price increase: Smokers are in a tailspin as a result of Sitharaman’s declaration that cigarette costs will increase, as seen by the movement on social media.

On Twitter, a meme fest has allegedly started, led ostensibly by smokers or those who support them. To express their anger over yet another rate rise proposal, they are exchanging amusing cutouts and memes.

Related Posts