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Budget 2022: What’s cheaper, what’s costlier, check full list here

Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on February 1 with a slew of changes in customs duty. Know what’s cheaper and costlier.

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Budget 2022: What's cheaper, what's costlier, check full list here

Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on February 1 with a slew of changes in customs duty. The Finance Minister on Monday presented the Economic Survey that projected an 8 to 8.5 percent growth rate for the Indian economy with an estimated 9.2 percent for the 2022-23 fiscal year.

The main focus of the Economic Budget 2022 was productivity enhancement, climate action, inclusive development, and energy transition. While presenting the Budget, Sitharaman gave the blueprint of the economy from India at 75 to India at 100.

FM Sitharaman has announced that many commodities including mobile phones, clothes, etc are set to become a little cheaper. The changes in customs duty will affect the prices of certain goods in 2022-23.

For example, import duty on certain chemicals has been reduced, customs duty on cut and polished diamonds, gems to be reduced to 5 percent in a bid to boost the gems and jewellery sector, whereas duty on umbrellas has been raised to 20 percent.

Items that will get cheaper: Frozen mussels, mobile phone chargers, asafoetida, methyl alcohol, cut and polished diamonds, cocoa beans, frozen squids, mobile phones, acetic acid, clothes, chemicals needed for petroleum products, and steel scrap.

Items that will get costlier: Unblended petrol and diesel, solar cells, x-ray machines, umbrella, earphones and headphones, solar modules, imitation jewelry, smart meters, single/multiple loudspeakers, and parts of electronic toys.

There is no change in the import duty of gold, that on cut and polished diamonds has been brought down to 5 percent from 7.5 percent. Customs duty on cut and polished diamonds and gemstones will be reduced to 5 percent; customs duty on sawn diamonds will be zero. Further, a customs duty of at least Rs 400 per kg will have to be paid on imitation jewellery.

Read Also: Education Budget 2022: One Class One TV channel, digital university set up, check key highlights here

According to Nirmala Sitharaman, exemptions are being granted on items like a zipper, lining material, furniture fittings, trimming, embellishment, packaging boxes, fasteners, specified leather that may be required by bona fide exporters of handicrafts, textiles and leather garments, leather footwear, and other commodities to encourage exports.

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India News

Maharashtra, Jharkhand results Live: Mahayuti celebrates landslide victory in Maharashtra, Hemant Soren savours comeback in Jharkhand

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Maharashtra, Jharkhand Assembly Election

Devendra Fadnavis to be the next CM of Maharashtra, says BJP spokesperson Pravin Darekar

Devendra Fadnavis is likely to be the next Chief Minister of the state, said BJP spokesperson Pravin Darekar. He said that the result has taken BJP by surprise, as they never expected such an overwhelming result.

Union Minister Pralhad Joshi thanks people of Maharashtra

Union Minister Pralhad Joshi said that the people of Maharashtra have blessed the BJP. He added that if he can put the perspective of what is the overall trend in the country, BJP is doing excellent.

Nawab Malik manages to get 4,214 votes 

NCP (AP) leader Nawab Malik managed to get 4,214 votes after counting in the 9th round. His rival, Samajwadi Party candidate Abu Azmi is leading by 30,734 votes.

Shinde Sena workers celebrate as Mahayuti alliance take massive lead

Shiv Sena workers are celebrating outside Maharashtra Chief Minister Eknath Shinde’s residence as the Mahayuti alliance is on its way to a thumping victory in Maharashtra. 

Devendra Fadnavis leads in Nagpur South-West

Maharashtra Deputy Chief Minister Devendra Fadnavis is leading by 31, 959 votes against his nearest rival Prafulla Gudhade.

Eknath Shinde takes comfortable lead in Kopri-Pachpakhadi

Maharashtra Chief Minister Eknath Shinde is currently leading with 30,629 votes. His nearest rival Shiv Sena (UBT)’s Kedar Sighe only has 7,748 votes.

Kalpana Soren trailing in Gandey

Jharkhand CM Hemant Soren’s wife Kalpana Soren is trailing by 4000 votes to BJP’s Munia Devi.

Former Maharashtra Chief Minister Ashok Chavan’s daughter leads from Bhokar seat

BJP candidate and daughter of former Maharashtra Chief Minister Ashok Chavan, Sreejaya Chavan is leading by 1,878 votes in the Bhokar seat. 

INDIA bloc crosses halfway mark in Jharkhand

According to the Election Commission of India data, the INDIA bloc has crossed the halfway mark of 41 in the Jharkhand Assembly election. 

In Maharashtra, BJP is leading in 115 seats

According to the Election Commission of India data. BJP is leading in 115 seats, Shinde Sena in 56, NCP (AP) in 34, Congress in 20, Shiv Sena (UBT) in 20 and NCP (SP) in 11.

JMM leads in 24 seats, BJP in 22

According to the Election Commission of India, JMM is leading in 24 seats, BJP in 22 and Congress in 11 seats in Jharkhand. 

Hemant Soren leading by 2,812 votes

Jharkhand Chief Minister Hemant Soren is leading by 2,812 votes from the Barhait Assembly seat after the first round of counting

Congress’s Prithviraj Chavan trailing

Former Maharashtra Chief Minister and Senior Congress leader Prithviraj Chavan is trailing by 1,590 votes in Karad South assembly seat.

Former CM Champai Soren leads from Seraikela

BJP candidate and former Chief Minister Champai Soren is leading in Seraikela, situated in the Kolhan region.

Aditya Thackeray leading in Worli

Shiv Sena (UBT) leader Aditya Thackeray is leading against Shinde Sena’s Milind Deora with 4,231 votes.  

NDA crosses halfway mark in Maharashtra

The Mahayuti alliance led by BJP has crossed a halfway mark in Maharashtra. Early trends show Mahayuti leading in 153 votes against opposition MVA’s 97. 

Victory celebrations banned in Chhatrapati Sambhajinagar

Maharashtra’s Chhatrapati Sambhajinagar has banned victory processions on Saturday when results of the state assembly elections will be declared. 

Ajit Pawar leads with 8,548 votes

NCP leader Ajit Pawar took the lead with 8,548 votes, against his nephew, Yugendra Pawar, the MVA candidate in Baramati. 

Shinde Sena, NCP (AP) lead in 3 seats each

As per the Election Commission of India, the Shinde Sena and NCP are leading in 3 seats each, while BJP, NCP (SP) leads in one each.

Early trends shows NDA leading in Jharkhand

The BJP-led NDA is ahead with 35 votes against the INDIA bloc’s 31 in Jharkhand. 

Mahayuti leading in MVA stronghold Vidarbha

As per early trends, the Mahayuti alliance is leading in Vidarbha region, which is the stronghold of the opposition MVA. 

Mahayuti ahead in 55 seats

As per early trends, Mahayuti alliance is ahead by 57 votes against opposition MVA’s 28.

NDA ahead in 25 seats in Jharkhand

In the very early trends, the BJP led NDA is leading in 25 seats against INDIA bloc’s 10.

Mahayuti ahead in 25 seats, MVA in 21

In postal ballots, the BJP led Mahayuti alliance is ahead in Maharashtra Addembly election against opposition MVA.  The BJP is leading in 19 seats, Shiv Sena (Eknath Shinde) three, NCP (Ajit Pawar) three. Meanwhile, Congress and NCP (Sharad Pawar) were ahead in eight seats each and Shiv Sena (UBT) in five.

Zeeshan Siddique leading in Bandra East

Zeeshan Siddique, son of NCP leader Baba Siddique who was shot dead in Mumbai last month, is leading from the Bandra East Assembly seat, as per early trends.

MVA collects letter of support from 160 candidates

The opposition Maha Vikas Aghadi has collected letter of support from over 160 candidates and some independents, pledging their backing for the alliance in forming a government.

Eknath Shinde leading in Kopri Panchpakhadi

Maharashtra Chief Minister Eknath Shinde is leading in Kopri Panchpakhadi constituency. 

Hemant Soren ahead in early trends

Jharkhand Chief Minister Hemant Soren is leading in the Barhat Assembly seat. Former Chief Minister Babulal Marandi was ahead in Dhanwar. JMM candidate Kalpana Soren is also leading from Gandey.

Ajit Pawar leading in Baramati

Early trends show NCP leader Ajit Pawar leading in Baramari. Devendra Fadnavis leading in Nagpur South West. Congress’s Nana Patole ahead in Sakoli. 

Early trends show BJP leading in Jharkhand

In Jharkhand, BJP is leading in 6 seats, INDIA bloc in 3 seats. These are based on the counting of postal ballots.

Mahayuti takes early lead in Maharashtra

The BJP-led Mahayuti alliance has taken an early lead in Maharashtra with eight votes against the opposition MVA alliance.

Counting of votes begins

The counting of votes began with postal ballots and all eyes are on the battle between the BJP led NDA and INDIA bloc.

The stage is set for the fierce battle between the BJP-led National Democratic Alliance and the INDIA bloc. The NDA will look to retain Maharashtra and claim power in Jharkhand. Meanwhile, the INDIA BLOC will aim to defeat the Mahayuti alliance in Maharashtra, while securing victory for Hemant Soren in Jharkhand. 

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Former Jharkhand CM Champai Soren trails from Seraikela seat

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Former Jharkhand Chief Minister and BJP leader Champai Soren was trailing from the Seraikela seat to Jharkhand Mukti Morcha candidate Ganesh Mahali with 860 votes, according to Election Commission of India data.

The counting of votes for Jharkhand’s 81 Assembly constituencies is still underway. The JMM-led INDIA alliance is ahead in 50 seats, while the NDA is leading in 29.

Chief Minister Hemant Soren was leading from the Barhait seat by more than 9000 votes to BJP’s Galiyel Hembrom.  

Champai Soren contested the Seraikela seat as a candidate for the BJP, facing off against his former colleague Ganesh Mahali from the Jharkhand Mukti Morcha (JMM).

His recent transition from the JMM to the BJP has significantly altered the political landscape in this tribal region. Following Hemant Soren’s arrest in January related to a land grab case, Champai assumed the role of Chief Minister, a position he held for five months before his tenure ended amid controversy.

In a campaign rally, Union Home Minister Amit Shah claimed that Champai was ousted from the Chief Minister’s office for advocating against infiltration and supporting tribal rights, thereby heightening the political tensions in the constituency.

In August, the senior tribal leader, Soren, made it clear that he was not afraid of any situation. Soren after meeting Home Minister Amit Shah in New Delhi announced that he would be joining the BJP. He along with his son joined the BJP.

Champai Soren had asserted that he joined the BJP to save tribal identity and existence, which is at stake in the state’s Santhal Pargana region due to “rampant” infiltration from Bangladesh.

The senior JMM leader, who briefly held the Chief Minister’s post after Hemant Soren’s resignation, had said only the saffron party seems serious over the issue of tribals, while others are indulging in vote bank politics.

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Jharkhand Assembly election key seats

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(JMM) CM Hemant Soren — Barhait constituency (Leading)

(BJP) Gamliyel Hembrom— Barhait (Trailing)

(JMM) CM’s wife Kalapana Soren –– Gandey (Trailing)

(BJP)  Munia Devi—– Gandey (Leading)

(BJP) Champai Soren—- Seraikella (Leading)

(JMM) Ganesh Mahali——- Seraikella (Trailing)

(BJP) state president Babulal Marandi –– Dhanwar (Leading)

(JMM) Nizamuddin Ansari— Dhanwar (Trailing)

(BJP) Leader of Opposition in the Jharkhand Assembly Amar Kumar Bauri—Chandankiyari (Trailing)

(JMM) Uma Kant Rajak—-Chandankiyari (Leading

CM Soren’s sister-in-law and (BJP) leader Sita Soren Murmu—– Jamtara (Trailing)

Congress leader and Minister Irfan Ansari —-Jamtara (Leading)

All Jharkhand Students Union (AJSU) president Sudhesh Mahato—Silli (Trailing)

(JMM) Amit Kumar Mahto —- Silli (Leading)

Jharkhand Assembly Speaker Rabindra Nath Mahato (JMM)—Nala (Leading)

(BJP) Madhav Chandra Mahato— Nala (Trailing)

Congress Minister Deepika Pandey Singh— Mahagama (Trailing)

BJP’s Ashok Kumar Bhagat—— Mahagama (Leading)

(JMM) CM Soren’s brother Basant——Dumka (Leading)

(BJP) Sunil Soren——- Dumka (Trailing)

(JMM) Mahua Maji—– Ranchi (Trailing)

(BJP) CP Singh—– Ranchi (Leading)

(Congress) Rameshwar Oraon—- Lohardaga (Leading)

(BJP) Niru Shanti Bhagat—-Lohardaga (Trailing)

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