In her 81-minute-long Budget speech, Finance Minister Nirmala Sitharaman spoke about Budget updates 2026-2027, several important issues that may impact the economy and taxpayers. She discussed changes related to the timing of Income Tax return filing and announced a hike in Securities Transaction Tax (STT) on Futures and Options. The speech also highlighted the expansion of India’s semiconductor mission to boost technology manufacturing. In addition, she mentioned the development of rare earth corridors to strengthen India’s supply chain and reduce dependence on imports.
The Budget received praise from Prime Minister Narendra Modi and several BJP ministers and leaders, who called it growth-oriented and forward-looking. However, the Congress and other Opposition parties criticised the Budget, calling it “lacklustre.” They said it lacked major reforms and failed to provide enough relief for the poor and middle class.
What Is Expected to Get Cheaper in 2026 Budget Updates
Here’s a simple list of items that are expected to become cheaper after the latest budget updates changes. These price cuts may bring some relief to consumers and businesses. Personal-use imported goods are likely to cost less. Around 17 cancer drugs and medicines for patients with serious illnesses are expected to become more affordable. Drugs, medicines, and food for special medical purposes (FSMP) for seven rare diseases are also included.
In addition, leather footwear, textile garments, and seafood products may see lower prices. Overseas tour packages and foreign education could become more affordable. Items like lithium-ion cells for batteries, solar glass, critical minerals, biogas-blended CNG, aircraft manufacturing components, and microwave ovens are also expected to get cheaper.
What May Become More Expensive After Budget Updates 2026
A list of items is expected to become costlier due to recent policy and tax changes. Products like alcohol and cigarettes may see a rise in prices as the government continues to increase taxes on these items. Components used in nuclear power projects are also expected to cost more, which could impact large infrastructure projects. Prices of key minerals such as iron ore and coal may increase, affecting industries that depend on them.
In addition, stricter rules and higher penalties related to misreporting of income tax could increase the financial burden on taxpayers who do not follow regulations. Costs linked to stock options and futures trading may also rise due to higher taxes and charges. Overall, these changes may lead to increased expenses in several sectors.
FAQs :- Budget Updates: What’s Cheaper and Costlier After Budget 2026
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What does Budget 2026 say about cheaper items?
Budget Updates 2026 has reduced taxes or duties on some goods, which may lower prices for items like medicines, electronics parts, and daily-use products. -
Which items are expected to become costlier after Budget 2026?
Items like alcohol, cigarettes, minerals, and some trading and investment-related services may become more expensive due to higher taxes. -
Will Budget 2026 affect daily household expenses?
Some household items may get cheaper, while others could see a price rise. The impact will depend on taxes and market conditions. -
How does Budget Updates 2026 impact taxpayers?
The budget includes changes in tax rules and stricter penalties for misreporting income, which may affect taxpayers. -
When will the price changes come into effect?
Most price changes are expected to take effect after the Budget 2026 announcements and related policy updates.
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