Budget 2024: Mobile phones, accessories to become cheaper as Sitharaman announces 15% duty cut
Union Budget: Finance Minister Nirmala Sitharaman on Tuesday, while presenting the full budget for FY25, announced a 15 per cent duty cut on mobile phones and accessories.
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In the previous year's budget session, prices of items such as TVs, smartphones, compressed gas, shrimp feed, and lab-grown diamonds were lowered. Conversely, the costs of cigarettes, air travel, and textiles saw an increase. The new budget continues to address these and other essential commodities, aiming to balance economic growth with consumer needs.
Sitharaman announced policies that will affect the prices of various goods for the common man. These measures are expected to have a significant impact on everyday expenses.
More to come.
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