The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

EVs, mobiles, medicines: What gets cheaper, what gets costlier in Budget 2025

by TLAteam February 1, 2025February 1, 2025
written by TLAteam February 1, 2025February 1, 2025
EVs, mobiles, medicines: What gets cheaper, what gets costlier in Budget 2025

Union Finance Minister Nirmala Sitharaman, while presenting Union Budget 2025, announced a massive relief for salaried employee as she announce that there would be no income tax payable for those earning upto Rs 12 lakh. But that’s not it, she also announced customs rate cuts on certain items including mobile phones, chargers and some cancer drugs.

Business News

A reduction in customs duties on gold and silver to 6 per cent and that of platinum to 6.4 per cent has also been announced. The Finance Minister had also proposed to remove basic customs duty (BCD) on ferronickel and blister copper.

After the presentation of Union Budget 2025, here’s what gets cheaper and what gets costlier:

WHAT’S CHEAPER?
Cancer, chronic diseases medicines: 36 life-saving drugs fully exempted from basic custom duties.

Electronic goods: The FM announced reduction of BCD (basic customs duty) to 5 per cent for open cells and other components.

Cobalt powder and waste, scrap of lithium-ion battery, lead, Zinc and 12 more critical minerals exempted from Basic Customs Duty (BCD).

EVs: 35 additional goods for EV battery manufacturing, and 28 additional goods for mobile phone battery manufacturing to be added to list of exempted capital goods
Leather jacket, shoes, belt, purse

Frozen Fish Paste (Surimi): Customs duty on Frozen Fish Paste (Surimi) to be reduced from 30% to 5% for manufacture and export of its analogue products.

WHAT’S COSTLIER?
Flat Panel Displays: BCD increased from 10% to 20%, impacting TVs and mobile phones.

Social Welfare Surcharge: Exemption removed on 82 tariff lines currently under cess.

UNION BUDGET 2025

While presenting her eighth consecutive Budget, she outlined that the Union Budget 2025 will prioritise the poor (garib), youth, farmers (annadata), and women (nari). She emphasised that the next five years offer a unique opportunity to achieve “sabka vikas,” or the balanced growth of all regions.

The Finance Minister added, “In this Budget, the proposed development measures span 10 broad areas, focussing on the poor, youth, farmers and women.”

The Finance Minister further highlighted that the budget’s proposed development measures would focus on 10 key areas, specifically targeting these critical sectors—ensuring inclusive growth and welfare for the nation’s citizens.

This is the second full budget of the Modi 3.0 government, which returned to power at the Centre in the 2024 Lok Sabha elections.

0 comment
previous post
Proposal for Separate Textbooks for Both Subjects
next post
Boost for MSMEs, classification investment cap to be hiked 2.5 times

You may also like

Govt Fixes Prices for 71 Medicines Under DPCO,...

July 16, 2025

Indian Cities Rise in QS 2026 Rankings; Delhi...

July 16, 2025

Health Ministry Denies Warning Labels on Street Food,...

July 16, 2025

Mumbai Rains: IndiGo Issues Advisory Amid Flight Delays...

July 15, 2025

Tesla Enters Indian Market with First Showroom in...

July 15, 2025

Watch: Dragon Spacecraft Carrying Shubhanshu Shukla Makes Splashdown...

July 15, 2025

Fake HRA, EV Loans, Political Donations: I-T Dept...

July 14, 2025

Panic on Delhi-Srinagar SpiceJet Flight After Mid-Air Drop...

July 14, 2025

Railways to Install CCTV Cameras in Coaches to...

July 13, 2025

NHAI to Blacklist Improper FASTags in Major Crackdown...

July 13, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Royal Stag BoomBox Presents ‘SIGH’ — A Captivating Fusion of Bollywood Melody and Hip-Hop by Nikhita Gandhi & Dino James

    July 16, 2025
  • Apple Products and Cash Worth ₹1 Crore Allegedly Misappropriated by Store Staff in Ahmedabad

    July 16, 2025
  • Two-Month-Old Baby Mauled to Death by Stray Dogs in Porbandar

    July 16, 2025
  • Ahmedabad Man Loses Life in Dharamshala Paragliding Accident

    July 16, 2025
  • Vastrapur Police Arrest Man With Foreign Liquor Worth ₹63,000 Stored in Car

    July 16, 2025
February 2025
MTWTFSS
 12
3456789
10111213141516
17181920212223
2425262728 
« Jan Mar »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.