What got costly and what got cheaper in Union Budget 2011

On Monday 28th Feb 2011, Union Minister Pranab Mukherjee present the union budget 2011.Every Indian wants to come whats new in the union budget.

Things which became cheaper:

Here is the list of the things which become cheaper.

  • LED lamps
  • Hybrid cars
  • Solar lanterns
  • Agarbati
  • Diapers
  • Sanitary Napkins
  • Syringe needles
  • Mobile parts
  • Jewellery
  • Cement
  • Paper

Things which become expensive:

  • Health care
  • Computer
  • Laptop
  • Ready-made Garments
  • Air travels
  • Hotel stay
  • Text books, exercise books
  • Muri and supari
  • Ketchup and Soups
  • Coffee and tea mix
  • Vaccines
  • Lawyer fees
  • Flavoured milk

Income tax: These are the exemption for the  Income tax provision.

  • Exemption limit raised to Rs. 1.8 lac from Rs. 1.6.
  • Qualifying age for senior citizens down from 65 to 60 years and exemption limit raised to Rs. 2.5 lac from 2.4 lac.
  • Exemption limit for women stay at Rs.1.9 lakhs.
  • Exemption limit for those who are older than  80 years is Rs. 5 lakhs.

Home loans:

  • Housing loan limit for priority sector lending raise from Rs. 20 lakhs to Rs. 25 lakhs.
  • Interest subsidy for home loan up to Rs. 15 lakhs is 1 percent.

Grants to the education institutions:

  • Rs. 20 crore for IIM kolkata
  • Rs. 20 crore for IIM kharagpur
  • Rs.50 crore for Aligarh Muslim University centre in Murshidabad.
  • Rs. 10 crore for setting up Kolkata centre of Mahatama Gandhi Antarrastriya Vishvavidalya.

Others:

  • Rs. 100 crore for the development of Ladakh.
  • Remuneration for Anganwadi workers raise from Rs. 1500 to Rs. 3000 per month.

What do you thing about the Budget?

Disclaimer : I have refered Hindi Newspaper Sanmarg and English Newspaper Telegraph and my Accountant for these details.

About Shweta Mohta

A housewife with a passion for travel, maps and India. She loves to find new places to visit, map the directions and can talk on, So you get smoother experience to Travel in India.