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5 Must Know Things About Budget

key Highlights Of Budget Aiming To Alter India Into A Fast Forwarded Nation. Read More at <a href="https://savepro.tumblr.com/<br>">Savepro</a>

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5 Must Know Things About Budget

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  1. 5 Must Know ThingsAbout Budget

  2. key Highlights Of Budget Aiming To Alter India Into A Fast Forwarded Nation • Electric vehicles • Apple Products • Petrol and Diesel • Gold • Tobacco Products

  3. How Use Of Electric Vehicle Can Change Our Nation • Customs duty will be further exempted on a few parts of the full-fledged vehicle. The finance minister has given a rebate of up to INR 1.5 Lakh on interest to buy these electric vehicles. • Dynamic environment, we have tried curbing rampant pollution that is spread over the major cities. The lithium-ion batteries cost less with custom duty exemption.

  4. Cheaper Apple Products • Apple users or the fans will be glad to know that the finance ministry has proposed for a single-brand retail. • Be it iPhones or laptops or any products, and the products will become cheaper; the brand retail will launch in India as well. It is with the aim of higher selling of Apple products.

  5. Petrol and Diesel Rate Change • The govt. has increased the basic excise duty, the prices are about to rise by INR 2 per litre. The infrastructure cess on the fuels is raised over INR 28,000 crore. To top this, VAT charges are varied from state to state.

  6. Increase In Gold Prices • The customs duty on gold items will increase. The grey market will thrive, though. Gold prices will increase globally. It is not a good sign for a positive economy. • There is an adverse impact on the gold industry with an increase of 2.5per cent. The metals will see an increase from 10% to 12.5% on custom duties by the government.

  7. Price Increase Of Tobacco Products • A very small yet an increase of 0.5 paisa will be seen in cigarettes and other tobacco products. A nominal basic excise duty will be imposed.

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