Brief by Shorts91 Newsdesk / 02:31pm on 01 Feb 2026,Sunday India
In the Union Budget 2026–27, Finance Minister Nirmala Sitharaman announced changes in customs duties and taxes affecting consumer prices across India. Several goods are set to become cheaper, including leather goods, footwear, microwave ovens, TV equipment, cameras, video‑game parts, foreign tour packages and cancer drugs, as import duties are reduced or exempted to lower costs and boost industry competitiveness. Conversely, some products will become costlier, such as coal, alcoholic liquor, and items like coffee and vending machines due to increased or reinstated duties. These adjustments aim to balance consumer relief and revenue generation. (PC: NDTV)
