Union Budget 2026: What gets costlier, what gets cheaper? - Check full details here
Union Finance Minister Nirmala Sitharaman on Sunday presented her ninth consecutive Union Budget, and with this, all eyes are now on the items that have either become affordable or more expensive for consumers.
Union Finance Minister Nirmala Sitharaman on Sunday presented her ninth consecutive Union Budget, and with this, all eyes are now on the items that have either become affordable or more expensive for consumers.
The Finance Minister said sports equipment will be more affordable.
The Finance Minister also said that medicines for treating diabetes and cancer will become cheaper.
List of items that got cheaper
- Leather products will be cheaper.
- Mobile phones and EV batteries to be cheaper.
- Microwave Oven to be cheaper.
- 17 cancer medicines to be cheaper.
- Solar panels to be cheaper.
Items that got costlier
- Alcohol to be costlier.
Sitharaman also announced an extension of basic customs duty exemption on capital goods used for manufacturing lithium-ion cells for battery storage in the annual budget for the next financial year. In her budget speech, she also proposed to exclude the entire value of biogas while calculating excise duty levy on (biogas) blended CNG (compressed natural gas).
"I propose to extend the basic customs duty exemption given to capital goods used for manufacturing lithium-ion cells for batteries. Also, I propose to exempt basic customs duty on import of sodium anti Monet, for use in manufacturing of solar glass," she said.
It is proposed to provide basic customs duty exemption to the import of capital goods required for the processing of critical minerals in India.
For biogas blended CNG, she said, "I propose to exclude the entire value of biogas while calculating the central excise duty payable on biogas blended CNG." She said that the government will develop an integrated East Coast Industrial Corridor with a well-connected node at Durgapur.
About the focus on Poorvodaya states and the Northeastern regions, she said, "I propose the development of an integrated east coast industrial corridor with a well-connected node at Durgapur, creation of five tourism destinations in five Poorvodaya states and the provision of 4,000 e-buses, Buddhist sites in the northeastern region."
Budget proposes to remove exemptions on customs duties on items manufactured in India or have negligible import, she added.