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.

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 7 household daily-use items that have become cheaper after today’s Union Budget 2023. 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. TV Panels and LED TVs will be less dearer. The government wants to encourage the use of Electric Vehicles and green energy. So, it has decreased taxes on EVs and biogas. 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. Camera lens: This will lead to cheaper mobile phones and cameras in the country. Electronic items: The government has slashed taxes on electronic items, which means that it’s the best time for you to buy electronic items. 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. 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. WATCH WION LIVE HERE

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

India's finance minister, Nirmala Sitharaman, on Wednesday presented her fifth budget and her&nbsp;speech, which lasted 87 minutes, also turned out to be her shortest one so far. Sitharaman's budget speech in 2022&nbsp;was close to 92 minutes, which at that time was the shortest. A year earlier, in 2021, she spoke for 110 minutes (or an hour and 50 minutes).

Watch |&nbsp;Exclusive | Union Budget 2023: Sanjiv Bajaj, President of CII speaks to WION

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The finance minister also holds the&nbsp;record for the longest budget speech in India's history. In 2020, her speech was clocked at 2 hours and 40 minutes; because of her health, she was actually forced to cut it short and take a breather.

With this budget, she also became the sixth Finance Minister of Independent India to present five consecutive financial statements.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/mahila-samman-saving-certificate-india-encourages-women-to-increase-savings-know-everything-about-it-557909">Mahila Samman Saving Certificate: India encourages women to increase savings. Know everything about it</a>

Other ministers to have achieved that feat are Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.

However, the record is held by former Prime Minister Morarji Desai who holds the record for presenting 10 budgets—the maximum by any Finance Minister.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-budget-2023-increase-in-funds-for-maldives-bhutan-support-for-afghanistan-continues-557859">India Budget 2023: Increase in funds for Maldives, Bhutan, support for Afghanistan continues&nbsp;</a>

Sitharaman is only the second woman to have presented the budget in independent India. The first was former Prime Minister&nbsp;Indira Gandhi who presented the financial statement for the financial year 1970-71.

This year's speech was Sitharaman's last full-fledged budget speech of the current government as the country will be holding its general elections next year.

(With inputs from agencies)

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India's finance minister, Nirmala Sitharaman, on Wednesday presented her fifth budget and her speech, which lasted 87 minutes, also turned out to be her shortest one so far.

India's finance minister, Nirmala Sitharaman, on Wednesday presented her fifth budget and her speech, which lasted 87 minutes, also turned out to be her shortest one so far. Sitharaman's budget speech in 2022 was close to 92 minutes, which at that time was the shortest. A year earlier, in 2021, she spoke for 110 minutes (or an hour and 50 minutes). Watch | Exclusive | Union Budget 2023: Sanjiv Bajaj, President of CII speaks to WION The finance minister also holds the record for the longest budget speech in India's history. In 2020, her speech was clocked at 2 hours and 40 minutes; because of her health, she was actually forced to cut it short and take a breather. With this budget, she also became the sixth Finance Minister of Independent India to present five consecutive financial statements. Also read | Mahila Samman Saving Certificate: India encourages women to increase savings. Know everything about it Other ministers to have achieved that feat are Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai. However, the record is held by former Prime Minister Morarji Desai who holds the record for presenting 10 budgets—the maximum by any Finance Minister. Also read | India Budget 2023: Increase in funds for Maldives, Bhutan, support for Afghanistan continues Sitharaman is only the second woman to have presented the budget in independent India. The first was former Prime Minister Indira Gandhi who presented the financial statement for the financial year 1970-71. This year's speech was Sitharaman's last full-fledged budget speech of the current government as the country will be holding its general elections next year. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

At 87 minutes, this year’s Union Budget speech is Nirmala Sitharaman’s shortest

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

At 87 minutes, this year’s Union Budget speech is Nirmala Sitharaman’s shortest