Every section of the society waits for the general budget, because it has a direct impact on the kitchen of the common man and his future plans. In the budget presented for the financial year 2026, the government has emphasized on providing relief to the middle class and employed people as well as promoting infrastructure and manufacturing. After the speech of the Finance Minister in the Parliament, the picture has become clear as to how much burden is going to be on your pocket in the coming days and for which things you will have to spend less money.
Good news for lovers of electronic gadgets including mobile phones and chargers, prices will reduce due to reduction in custom duty.
In this era of technology, the government has announced reduction in customs duty on mobile phones and its parts to promote ‘Make in India’. This will have a direct impact on smartphone prices. According to the budget proposals, not only mobile phones but also mobile chargers, adapters and some wearable devices (like smartwatches) will become cheaper. However, you may have to pay a slightly higher price for high-end laptops and computers imported from abroad, as the government is giving priority to domestic production.
Gold and silver shined even brighter, jewelery buyers got minor relief but platinum became expensive
Buying gold and silver for weddings is very important in Indian families. In this budget, there has been a slight change in the duty on precious metals, which may soften the prices of gold and silver. This news is a relief for those who were planning to buy jewelery for a long time. On the other hand, due to increase in tax on certain categories of jewelery related to platinum and diamond, these items may become expensive.
Adoption of electric vehicles will now become more economical, discount on import of lithium ion batteries will reduce the prices of cars.
Keeping the environment in mind, the government’s entire emphasis is on green energy and electric vehicles (EV). In Budget 2026, the import duty on batteries and their raw materials used in electric vehicles has been reduced. This will make electric scooters and cars cheaper. On the contrary, the imposition of additional cess on polluting old diesel vehicles and some luxury petrol vehicles may increase their prices. This step of the government clearly indicates that people are shifting towards clean energy.
Government’s scissors again on the consumption of cigarettes and tobacco products, due to increase in tax, now you will have to loosen your pockets more than before.
Like every budget, this time too the government has shown strictness on ‘Sin Goods’ i.e. products harmful to health. Excise duty has been increased on products like cigarettes, tobacco and pan masala, due to which all these things have become expensive. Apart from this, tax on liquor coming from abroad has also increased. The government argues that increasing the prices of these things not only increases the revenue, but also helps in discouraging people from consuming them.
Mixed effect for housewives managing kitchen budget, solar equipment became cheaper while some plastic products became expensive.
If we look at the things that affect everyday life, solar panels and solar lamps will be cheap, which will help in reducing electricity bills. To promote the textile industry, duty on some special textile raw materials has also been reduced, due to which clothes can become affordable. On the other hand, some imported toys made of plastic and items like fancy plastic buttons can be expensive. Overall, this budget is going to make technology and green energy cheaper, while increasing spending on addiction and luxuries.
