2019 Budget: the most expensive, the cheapest
NEW DELHI: The Finance Minister, Malmira Sitharaman, presented his first budget on Friday and the first one of Modi's government in his second term.
Here is a list of items that are set to be more expensive or cheaper once the Budget proposals come into effect.
What is expensive
Gasoline and diesel: additional cess of Rs 1 per liter imposed on gasoline and diesel.
Gold: Increase in tariffs on gold and precious metals to 12.5% of the existing 10%.
Imported books: 5% of customs duties on imported books.
What is cheaper
Electric vehicles: the GST council will reduce the GST rate in electric vehicles from 12% to 5%. I-T deduction of Rs 1,5 lakh on interest paid on loans taken for the purchase of electric vehicles
Tax benefit linked to investment in the manufacture of products such as lithium batteries and solar chargers