Try GOLD - Free
Budget impact: Smartphones and EVs to get cheaper; TVs, fabrics to get costlier
The Statesman Bhubaneswar
|February 02, 2025
Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods.
The budget includes duty exemptions on essential medicines, electronic goods, electric vehicle (EV) components, and mobile phone parts. The changes introduced will make them more affordable for consumers.
One of the biggest reliefs comes in the healthcare sector, where the government has fully exempted 36 life-saving drugs used in the treatment of cancer and chronic diseases from basic customs duties.
Additionally, 37 more medicines will also be duty-free to make essential medical treatment more affordable for patients.
This story is from the February 02, 2025 edition of The Statesman Bhubaneswar.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Statesman Bhubaneswar
The Statesman Bhubaneswar
Wary Trump says Pak, China, Russia testing N-weapons, will do the same
US President Donald Trump has revealed that Pakistan is among the countries that are testing nuclear weapons.
1 min
November 04, 2025
The Statesman Bhubaneswar
Stalin dares PM Modito repeat 'DMK harassing Biharis'remarkin TN
Continuing his attack on Prime Minister Narendra Modi for his remark that the 'DMK is harassing Biharis', made at an election rally in poll-bound Bihar, Chief Minister MK Stalin on Monday dared him to repeat the same in Tamil Nadu, which welcomes migrant workers and entrepreneurs, ensuring they live in peace and happiness.
1 mins
November 04, 2025
The Statesman Bhubaneswar
Trump praises ‘historic nine months’ in 60-min interview
Marking the most successful nine months of any presidency in history, President Donald J. Trump used his powerful interview on ‘60 Minutes’ to highlight record stock market gains, global peace achievements, and his steadfast commitment to law and order.
1 min
November 04, 2025
The Statesman Bhubaneswar
ECI crackdown: ₹108 crore seized ahead of Bihar elections
The Election Commission has intensified its efforts to ensure a free and fair election process in Bihar, with seizures of illicit inducements surpassing Rs 108 crore as of Monday.
1 min
November 04, 2025
The Statesman Bhubaneswar
SIR process set in motion across Uttar Pradesh from today
With all preparations completed, the Special Intensive Revision (SIR) of voter list is going to start in Uttar Pradesh from today after a gap of 22 years.
2 mins
November 04, 2025
The Statesman Bhubaneswar
Sovan, Baisakhi return to Trinamul ahead of 2026 polls
Ending years of speculation and political estrangement, former Kolkata mayor Sovan Chatterjee and his close associate Baisakhi Banerjee formally returned to the Trinamul Congress (TMC) on Monday afternoon, marking a significant homecoming ahead of the 2026 Assembly elections.
2 mins
November 04, 2025
The Statesman Bhubaneswar
Flute maestro Dipak Sarma passes away in Chennai; Assam loses another musical gem
Even as Assam continues to mourn the untimely demise of cultural icon Zubeen Garg, the state's artistic fraternity was dealt another heartbreaking blow on Monday with the passing of eminent flutist Dipak Sarma.
1 min
November 04, 2025
The Statesman Bhubaneswar
UPSC aspirant allegedly jumps in River Ganga in UP’s Bijnor
A 27-year-old woman preparing for the UPSC examination allegedly jumped into the Ganga River from the Ganga Barrage in Bijnor on Monday morning. Search operations are underway to locate her.
1 min
November 04, 2025
The Statesman Bhubaneswar
India, New Zealand kick off 4th FTA talks
India and New Zealand on Monday began the fourth round of negotiations for the Free Trade Agreement (FTA) in Auckland.
1 mins
November 04, 2025
The Statesman Bhubaneswar
Two more key playersin Tripura's illegal drugtrade arrested from Delhi, Kolkata
Tripura Police Crime Branch has arrested two more main kingpins involved in the seizure of drugs worth Rs 5.4 crore recovered from a goods train arriving here from Delhi, officials said on Monday.
1 min
November 04, 2025
Listen
Translate
Change font size