New Delhi: Budget announcement means what prices have increased and what prices have decreased. What the common man is most interested in is the rise and fall of prices. The central government made a big announcement in this year's budget. The prices of several products have been reduced in this budget.

This was the first budget after the formation of the Modi government in the third phase. Naturally, the expectations of the common people were also high around the budget. The government has been able to fulfill that expectation. The price of several products has decreased. Prices of life-saving medicines have been reduced.

What are the prices of products reduced?

• Basic custom duty or revenue duty on mobile phones, chargers and mobile related products has been reduced by 15 percent. This will reduce the price of mobile phones.
• The price of gold and silver is falling. The government has announced a reduction in custom duty by 6 percent. As a result, the price of gold and silver will decrease a lot.
• A 6.4 percent custom duty reduction has also been announced on platinum. As a result, the price of platinum jewelry and other products will decrease.
• 3 life-saving cancer drugs are fully exempted from duty.
• The Union Finance Minister has proposed to reduce the prices of products used in making solar panels. This will reduce the cost of solar panels.
• The rate of TDS on e-commerce has been reduced from 1 percent to 0.1 percent.
• Basic custom duty on ferronickel, blister copper has been waived.
• The duty on shrimp and fish meal has also been reduced by 5 percent.
• Prices of leather and leather products are falling.
• Ammonium nitrate duty has also been reduced from 10 percent to 7.5 percent.
• Exemption in custom duty on minerals or minerals used in nuclear energy, renewable energy, space, defence, telecommunication and high-tech electronics.

What increased the price of things?

• There has been a 10 percent increase in duty on ammonium nitrate.
• 25 percent duty hike on non-biodegradable plastics.
• Custom duty on telecom products has been increased from 10 percent to 15 percent.
• 1 percent TCS has been proposed for products above Rs 10 lakh.