Budget 2014: PCs, electronic goods to be cheaper

Finance Minister Arun Jaitley presented his first Budget in Parliament on Thursday, July 10. There are many announcements made by FM in budget which will impact the common man.

TV's below 19 inches, computer and accessories and laptops will go cheaper. Apart from IT related products, diamonds and precious stone shopping in abroad will also be cheaper.

Jaitley reduced and increased different taxes on import and export items. He announced to raise the excise duty on tobacco products, whereas reduced custom duty on daily used products.
"People of India have voted decisively for change," Jaitley said. "Steps I will unveil in the budget will aim at 7-8% growth over the next three-four years, lower inflation, less fiscal deficit and a manageable current account deficit."

Jaitley also promised early introduction of the pan-India goods and services tax, while assuring the domestic and global investment community of predictability in the tax regime to restore confidence on the country's prospects.