Budget 2026: Finance Minister Nirmala Sitharaman unveiled Modi 3.0's third Union Budget 2025-26 on Sunday, Feb. 1, with its key focus areas on boost for India's infrastructure growth and capex allocation. The government will look to strengthen the country's manufacturing sector, Finance Minister Nirmala Sitharaman said in her budget speech, as she laid out priorities for Asia's third-biggest economy and pledged to accelerate growth amid a volatile global environment. With today's budget, the finance minister's policy announcements have resulted in price reductions for several groups of items.
Budget 2026: Here's the list of what's become cheaper and dearer with Modi 3.0's third Union Budget-
Complete List of items that have got cheaper in Budget 2026:
- Basic customs duty exempted on specified parts for microwave ovens.
- Overseas tourism packages: TCS rate cut from 5-20% to 2%
- Foreign education: Lower TDS under LRS for education expenses
- Alcoholic liquor scrap and certain minerals: Duty reduced from 5% to 2%
- Shoe upper exports: Duty-free imports allowed
- Duty free imports of specified inputs available for exports of leather
- Energy transition equipment: Basic customs duty (BCD) exempt
Complete List of items that have got costlier in Budget 2026:
- Income tax misreporting: Penalty equal to 100% of the tax amount
- Non-disclosure of movable assets: Now attracts a penalty
- Stock options and futures trading: Securities Transaction Tax (STT) raised from 0.02% to 0.05%
This is a developing story. Kindly check back for more updates
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