Effect of budget: Before buying a smartphone, AC and home appliances, find out how the new budget will affect you.
Finance Minister Nirmala Sitharaman has presented the budget for the year 2021 on Monday. There has been a change in the duty on electronics products. Some of these items have become more expensive while the price of some is the same as before. If you are thinking of buying an AC, a smartphone or a home appliance this year, find out which of these items will cost you the most and which ones are the cheapest.
Buying an AC can be expensive
The price of AC may go up this year as the duty on AC compressors has increased from 12.5% to 15%.
No change in the price of kitchen appliances
No change has been made in this budget on the duty of kitchen appliances including mixer grinder, microwaves, ovens. So it can be said that there is no change in the price of these appliances.
LED lighting is more expensive
Import duty on LED lights has been increased by 5% this year. The previous 5% duty has been increased to 10%. So the price of imported LED bulbs, lights and fixtures may go up from April 1.
You will have to pay more for a solar lighting device
In this budget, the government has increased the duty on solar lamps from 5% to 15%. The cost of branded or imported solar lightning devices may increase.
Cost of home appliances like TV, washing machine, fan
This time the government has not made any change in the duty of home appliances like TV, washing machine, fan. So this year it can be said that there will be no change in its price.
The goal is set in the budget in such a way that people move towards local products. In this budget, the government has increased the duty on smartphones of foreign brands. So buying a foreign smartphone can be more expensive than a domestic one.