Cars, cigarettes, branded garments, air travel will become more expensive, while footwear, solar lamps and routers are slated to be cheaper following a host of changes in the tax structure in the Budget for 2016-17.
Finance Minister Arun Jaitley unveiled a pro-poor Union budget on Monday, announcing new rural aid schemes and skimping on a bank bailout. Presenting his third budget, Jaitley said the government wanted to spread the benefits of growth more widely among India's 1.3 billion people, but gave an assurance that it could do so without increasing borrowing.
While cars, cigarettes, branded garments, air travel will become more expensive, while footwear, solar lamps and routers are slated to be cheaper following a host of changes in the tax structure in the Budget for 2016-17.
(The illustrations have been tweeted by PIB India and Ministry of Finance)
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