Budget 2021-22: What gets costlier and what’s cheaper | Check Full List

Budget 2021: Union Finance Minister Nirmala Sitharaman on Monday presented Union Budget 2021-22 in Lok Sabha on Monday, February 1. This year’s Budget is unique as finance minister used a Made in India tablet to deliver a paperless Budget address, and ditched a ‘bahi khata’, that she used last year. The Budget 2021 is special as it was presented in challenging circumstances amidst the Covid-19 pandemic

Sitharaman in her budget speech quoted Rabindranath Tagore “Faith is the bird that feels the light and sings when the dawn is still dark” to say that the budget this time was prepared in circumstances like never before. Presenting the Union Budget 2021, Sitharaman said that in the history of independent India, only three times has the Union Budget followed a GDP. FM Sitharaman tabled the 15th Finance Commission report in Lok Sabha.

Budget 2021 focused on infrastructure development to boost growth and create jobs. However, has been no relief for the middle class as I-T slabs remain unchanged.

 

As the Budget for FY21-22 is announced, many commodities are set to become more expensive and some items of daily use will have revised prices. Let’s take a look.

Items that got cheaper:

– Naphtha

– Caprolactam

– Nylon Chips

– Nylon fibre and yarn

– Iron and Steel melting scrap, including stainless steel scrap

– Primary/Semi-finished products of non-alloy steel

– Flat products of non-alloy and alloy-steel

– Long products of non-alloy, stainless and alloy steel

– Raw materials used in manufacture of CRGO Steel

– Copper Scrap

– Components or parts, including engines, for manufacture of aircrafts by Public Sector Units of Ministry of Defence

– Platinum, Pallidum

– Waste and Scrap of Precious Metals

Items that got costlier:

– Cotton

– Cotton waste

– Raw Silk (not thrown) and silk yarn/yarn spun from silk waste

– Denatured ethyl alcohol (ethanol) for manufacture of excisable goods

– Prawn Feed

– Fish feed in pellet form

– Flours, meals and pellets of fish, crustaceans, molluscs or other aquatic invertebrates

– Maize Bran

– De-oiled rice bran cake

– Carbon Black

– Plastics Builder’s ware of plastic, not elsewhere specified or included

– Polycarbonates

– Wet blue chrome tanned leather, crust leather, finished leather of all kinds, including their splits and slides

– Cut and Polished Cubic Zirconia

– Synthetic Cut and Polished Stones

– Parts and components for manufacture of Tunnel Boring Machines

– Metal products like Screws, Nuts, etc.

– Plastic, for manufacture of charger or adapter

– Compressor of Refrigerator/Air Conditioner

– Specified insulated wires and cables

– Inputs and parts of LED lights or fixtures including LED

– Lamps

– Solar Inverters

– Solar lanterns or solar lamps

Here’s what gets costlier and what gets cheaper

Costlier:

• Mobile phones
• Chargers
• Power banks
• Imported raw silk
• Solar inverters
• Leather items
• Imported Gemstones
• Tunnel boring machines
• Kabuli chana, Pulses
• Urea
• Imported Auto parts

Cheaper:

• Iron
• Steel
• Nylon clothes
• Copper items
• Leather goods
• Gold & Silver
• Insurance
• Shoes
• Agricultural equipment