Budget 2021: Union Finance Minister Nirmala Sitharaman on Monday presented Union Budget 2021-22 in Lok Sabha on Monday, February 1. This year's Budget is unique as finance minister used a Made in India tablet to deliver a paperless Budget address, and ditched a 'bahi khata', that she used last year. The Budget 2021 is special as it was presented in challenging circumstances amidst the Covid-19 pandemic
Sitharaman in her budget speech quoted Rabindranath Tagore “Faith is the bird that feels the light and sings when the dawn is still dark” to say that the budget this time was prepared in circumstances like never before. Presenting the Union Budget 2021, Sitharaman said that in the history of independent India, only three times has the Union Budget followed a GDP. FM Sitharaman tabled the 15th Finance Commission report in Lok Sabha.
Budget 2021 focused on infrastructure development to boost growth and create jobs. However, has been no relief for the middle class as I-T slabs remain unchanged.
As the Budget for FY21-22 is announced, many commodities are set to become more expensive and some items of daily use will have revised prices. Let's take a look.
Also Read: ITR filing exempted for people above 75 years with only pension income
Here's what gets costlier and what gets cheaper
Costlier:
- Mobile phones
- Chargers
- Power banks
- Imported raw silk
- Solar inverters
- Leather items
- Imported Gemstones
- Tunnel boring machines
- Kabuli chana, Pulses
- Urea
- Imported Auto parts
Cheaper:
- Iron
- Steel
- Nylon clothes
- Copper items
- Leather goods
- Gold & Silver
- Insurance
- Shoes
- Agricultural equipment
Also Read: Budget 2021: Govt raises import duty on parts of mobile phones, chargers
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