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Budget 2026 has introduced significant shifts in customs duties and import tariffs, impacting various sectors from healthcare to electronics. An unidentified speaker noted that 'On the relief side, basic customs duty has been waived off on 17 cancer-related medicines, bringing down the cost of life-saving drugs.' While the Finance Minister stated the budget offers something for everyone, the common man received no relief in terms of tax rebates or standard deduction changes despite rising inflation. Manufacturing receives a boost with duty relief on mobile phone components, capital goods, and 35 EV battery components. Aviation also benefits from cheaper aircraft parts and engines. Conversely, consumers will face higher prices for alcohol, cigarettes, and tobacco due to additional excise duties. The removal of exemptions on coffee roasting and vending machines, along with higher costs for imported filmmaking gear and fertilizers, marks the expensive side of the fiscal plan. Furthermore, trading in futures and options is set to become more costly following the latest announcements. #Budget2026 #NirmalaSitharaman #IndianEconomy #TaxRelief #Healthcare #EV #MobilePhones #FinanceNews #News18 #StockMarket #Aviation #Manufacturing News18 Mobile App - https://onelink.to/desc-youtube OC VOICED