These Things Became Expensive Due to the Budget and their Prices Went Down

Finance Minister Nirmala Sitharaman has Presented the budget 2019. Special attention has been taken of the farmers, poor and middle class in the budget. But increasing the hassle of increasing the custom duty on petrol, diesel, gold and some other things. Increase in the cost of petrol and diesel will increase the cost of Freight traffic, which is being considered to be affected at almost every item price.

While presenting the budget, Nirmala Sitharaman said that the duty on gold has been increased from 10 percent to 12.5 percent. He said that additional charges will also be imposed on tobacco. An additional cess of 1-1 rupees will be levied on petrol and diesel. 5% custom duty on imported books has been increased. Custom duty has also increased on CCTV, PVC and Marble.

In the general budget of 2019, big announcements have been made to promote electric trains. In the budget, the GST rate on electric trains was reduced from 12% to 5%. Apart from this, additional income tax rebate (additional income tax deduction) of 1.5 lakh will also be given on the interest paid on loans taken for the purchase of electric vehicles. The government wants to make electric trains economical for the people.

Explain that Finance Minister Nirmala Sitharaman has made many big announcements in his first budget. These announcements include increasing private participation in railways and introducing the ideal fare law to the country soon. Under the "Every house water, every house tap" will be supplied by tap in every house by 2024, water supply will be done. Roads will be upgraded to connect villages from the rural market. For this, the 1,25,000-kilometer long road will be upgraded in the next phase of the Pradhan Mantri Gram Sadak Yojana in the next five years.

The government has targeted to provide the needy houses in 114 days. Under this scheme, the target is to build 1.95 crore houses. The special thing is that PSU will build houses on the companies' land also. Similarly, the increase in foreign investment will increase in the media, the extent of foreign investment (FDI). Insurance will be 100% investment Government will increase the limit of foreign investment in single brand retail.