Union Budget 2023: 7 household items that have become cheaper, check full list now

India’s Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in the Parliament on Wednesday (February 1). While several things, including cigarettes, gold, silver, platinum items and electric chimneys have become costlier after the announcement of new government policies, a host of daily-use items have become cheaper also. The government has emphasised on promoting Made-In-India goods as it has increased import duty on several items but decreased taxes on domestically-made items. Here’s a list of 7household daily-use items that have become cheaper after today’s Union Budget 2023.

1. Lithium-ion batteries have become cheaper. This means every household item using Lithium-ion batteries, including mobile phones, power banks, and audio gadgets will become cheaper.
2. TV Panels and LED TVs will be less dearer.
3. The government wants to encourage the use of Electric Vehicles and green energy. So, it has decreased taxes on EVs and biogas.
4. Automobile: If you are planning to buy a new car, bike or any automobile, then here’s great news for you. The government has slashed the customs duty on automobile import, which means imported automobile vehicles will now become cheaper.
5. Camera lens: This will lead to cheaper mobile phones and cameras in the country.
6. Electronic items: The government has slashed taxes on electronic items, which means that it’s the best time for you to buy electronic items.
7. No additional taxes on laptops, mobile phones and personal gadgets: In a big relief for Indian consumers, the Indian FM didn’t announce additional taxes on personal gadgets. So, these items won’t get costlier this year.

Heat coils will become less expensive but electric kitchen chimneys will cost more. To assist ethanol blending and energy changes, denatured ethanol will become cheaper. The largest export growth in the previous fiscal years was recorded by marine items, particularly shrimp, which benefited the farmers. As a result, the raw materials used to produce shrimp at home will now be available at cheaper rates.

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To support the Indian diamond industry, diamond seeds used in the production of lab-grown diamonds would also become cheaper. The finance minister of India stated that the lab-grown diamond business holds "huge promise for the nation" during her statement on the Indian Union Budget 2023.

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