Bhubaneswar: With the back-breaking inflation throttling down the neck of all the people – poor to middle class – alike, all eyes were on the Finance Minister’s budget tab.
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FM Nirmala Sitharaman didn't let down any one.
Common man on the streets seems to have heaved a sigh of relief, as the Union Budget 2025-26 presented by FM in the Parliament is non-inflationary and growth-oriented.
The FM has waved her magic wand to make the inflation shy away, and at the same tame rolled out personal taxes giving more money at hand to spend.
The lowering of indirect taxes and relief in tax shows the FM in her budget has betted big on private household spending to give a big boost to manufacturing, which has currently slowed down giving jitters to the GDP growth.
For which, the FM has announced slashing of indirect taxes on almost all commodities that are in use as public or industrial goods or processing food industries or construction industries.
HERE ARE THAT ALL GOES CHEAPER
- Processed marine fish products
- Food for aquatic species – a boost to fish farming
- Taxes slashed on pyrimidine ring (whether or not hydrogenated) or piperazine ring used in anti cancer drugs.
- Processed foods or Drinks
- Toothpastes
- Ceramic glaze tiles
- Mobile battery, electronic devices battery
- Rechargeble batteries
- Vehicle batteries
- Brought down prices for equipments used Construction industries
- Medicines
- Platinum jewelleries
- Footwears and leather goods
- Boost to textile industry, made looms cheaper
- Handicrafts goods
- Electric vehicle batteries
- Camera
- USB
- Connectors
- Head set
- Fingerprint reader
- Mobile phones
- LED/LCD TV
- Ethernet Switches Carrier
- Laptops/Personal computers
- Goods used in the building of launch vehicles and launching of satellites – toast to ISRO Success saga
- Cars,
- Passenger vehicles and
- 2-wheelers
- Readymade garments
- Fertilisers
- Marbles, granite tiles
- Candles
- Raincoats
- Rainproof shoes
- Steel
- Solar cells
- Bicycles
- Yachts and other vessels for pleasure or sports; rowing boats and canoes
- Electricity meters for alternating current (Smart Meters)
- Electronic toys
- Gold Jewelleries
- All types of luminaries or lights.
- Leather goods, including jackets.
