Budget 2024: Key Proposals from Finance Minister Nirmala Sitharaman

Tuesday, 23 July 2024, 07:35

In the recent Budget 2024 announcement, Finance Minister Nirmala Sitharaman outlined significant changes, including a reduction in customs duty for mobile phones and chargers to 15%. This strategic move aims to enhance consumer access to technology and stimulate market growth. The government's budget favors affordability, reflecting a commitment to support technological advancements in India. Overall, this proposal could lead to a more competitive market, benefiting consumers and businesses alike.
Hindustantimes
Budget 2024: Key Proposals from Finance Minister Nirmala Sitharaman

Budget 2024 Overview

Finance Minister Nirmala Sitharaman has unveiled the Union Budget of India for 2024 with notable proposals aimed at boosting the country's economy.

Customs Duty Reduction

  • The customs duty on mobile phones and chargers is proposed to be reduced to 15%.
  • This reduction aims to lower consumer prices and increase accessibility.
  • It is expected to stimulate demand in the technology sector.

Conclusion

The proposed changes in the government budget reflect a focus on enhancing consumer affordability and promoting technological growth in India.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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