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Photo: File Budget 2025

Budget 2025: Finance Minister Nirmala Sitharaman has reduced custom duty on many products like car, mobile and TV in the budget speech. The Finance Minister has reduced basic duty on 36 life saving medicines used in the treatment of cancer. This will reduce the prices of these drugs. This is the eighth consecutive budget of Finance Minister Nirmala Sitharaman. This time too, she is presenting the budget through a digital tablet wrapped in traditional ‘book-food’ style bag.

Decreased custom duty on these minerals

The Finance Minister has proposed to give full exemption on basic custom duty on cobalt powder and lithium ion battery waste, scrap and 12 other minerals. This will help in promoting manufacturing in India and will also increase employment.

These products became cheap

  • TV
  • Mobile
  • Electric car
  • EV battery
  • Cancerous medicines
  • Life saving medicines

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