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Budget 2019: Have a look at what is getting more expensive
July 5: Finance Minister Nirmala Sitharaman on Friday presented her maiden budget in the first year of Prime Minister Narendra Modi’s second term. Addressing a press conference after presenting the Budget, Sitharaman said that focus of the Union Budget 2019-20 was on the overall development of economy and has been presented with a 10-year vision in mind.
The government announced an increase in the cess and excise duty each by 1 rupee per litre on petrol and diesel, and increased the customs duty on gold to 12.5 per cent from 10 per cent. Both the proposals meant purchase of commodities such as fuel and gold will become costlier going forward. Ms Sitharaman said a higher customs duty on gold and precious metals will mobilise resources. Besides, the government also raised the basic customs duty applicable to a range of products such as tiles, cashew kernels, vinyl flooring, auto parts, some synthetic rubber, digital and video recorder and CCTV camera.
Here’s a list of items that are set to get more expensive once the budget comes into effect:
Product | Costlier |
Alarm Clocks | Costlier |
Beauty, Makeup products | Costlier |
Bidi | Costlier |
Candles | Costlier |
Cars | Costlier |
Cell phone parts | Costlier |
Cigarette | Costlier |
Cigarette lighter | Costlier |
Coconut oil | Costlier |
Cranberry juice | Costlier |
Cut, polished coloured gemstones | Costlier |
Dental hygiene products | Costlier |
Diamonds | Costlier |
Diesel | Costlier |
Fishing rods, hooks | Costlier |
Footwear | Costlier |
Furniture | Costlier |
Gold | Costlier |
Ground nut oil | Costlier |
Imitation jewellery | Costlier |
Kites | Costlier |
Lamps, lighting fitting, illuminated signs | Costlier |
LCD/LED/OLED | Costlier |
Manicure, pedicure preparations | Costlier |
Mattress, bedding | Costlier |
Mobile | Costlier |
Motor vehicle accessories | Costlier |
Motorcycles | Costlier |
Olive oil | Costlier |
Orange juice | Costlier |
Pan Masala | Costlier |
Perfume | Costlier |
Petrol | Costlier |
Pocket watches | Costlier |
Refined vegetable oil(edible) | Costlier |
Saffola oil | Costlier |
Shaving products | Costlier |
Silk fabrics | Costlier |
Silver | Costlier |
Smart watches/wearable devices | Costlier |
Solar tempered glass | Cheaper |
Sports equipment | Costlier |
Stop watches | Costlier |
Sunglasses | Costlier |
Sunscreen, suntan | Costlier |
Toilet waters | Costlier |
Toothpaste | Costlier |
Toys | Costlier |
Truck, bus radial tyres | Costlier |
TV sets | Costlier |
Vegetable juices | Costlier |
Video games | Costlier |
Wrist watches | Costlier |