A large variety of day-to-day usage items and services will burn a hole in the common man's pocket with Finance Minister Pranab Mukherjee proposing to raise excise duty to 12% from 10% and a similar hike in service tax rate.
Following is a list of what will be costlier and which ones will be cheaper following the Budget 2012-13.
Costlier:
Two-wheelers, cars, commercial vehicles.
Refrigerators, air-conditioners, washing machines, watches
Soaps, cosmetics, homecare items,
Cigarettes and bidis,
Packaged food items
Pan masala and chewing tobacco
Unbranded precious metal jewellery
Imported luxury vehicles
Imported bicycles and bicycle parts
Imported digital still cameras
Imported gold bars and coins of certain categories, platinum
Imported cut and polished coloured gem stones
Air travel, eating out at restaurants and hotel stays
Not all is gloomy as the Budget has also made some items
and activities cheaper.
Cheaper:
Mobile phone parts
Branded silver jewellery
Branded garments
Imported LCD and LED TV panels of over 20 inch
Matches
Footwear below Rs500
Adult diapers
Soya protein food products,
Probiotics
Writing instruments
Imported medical equipment.