Nirmala Sitharaman Live | Top 9 Things You Should Know From Budget Speech 2024 | LIVE Union Budget

Nirmala Sitharaman Speech Live | Budget 2024 Live: Income Tax Slab, Share Market Impact & More

On the eve of the Budget 2024 presentation, Prime Minister Narendra Modi said: “It is a matter of pride that after 60 years, a government has come to power for the third time and will present the first Budget for the third time.

With the arrival of the Budget session, tax-paying citizens are curious to know what items have become more affordable and which ones are probably going to become more expensive. However, no announcement on what gets cheaper and more expensive was made by the Finance Minister in her 2024 Union Budget speech.

Even though no change in prices were announced during the budget speech by the finance minister today, the central government on January 31 that import duty on parts used for mobile phone manufacturing to 10 per cent from 15 per cent. This was done to push mobile phone manufacturing in India amid the country's larger focus on exports and becoming a player in global supply chains.

The government lowered the duties for inputs used in making battery covers, main lens, back cover, antennae, SIM sockets and other mechanical items of plastic and metal, it said in a notification.

Additionally, ahead of the budget presentation today, the central government also reduced jet fuel or aviation turbine fuel (ATF) prices by ₹1,221 per kilolitre in the national capital, which marks the fourth consecutive monthly reduction in the commodity.

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