Business » Economy

Updated: February 18, 2014 03:36 IST
Budget 2014

Cars are cheaper, cellphones dearer

Business Bureau
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Mobile phones that cost less than Rs. 2,000 are set to cost more

The Interim Budget has some good news and some bad for consumers. Two-wheelers and cars will be cheaper while low-end mobile phones will be a bit more expensive due to changes in excise duty.

Auto-makers, including Tata Motors, Hyundai, Maruti Suzuki and Honda Cars India, have already announced that they would be passing on the benefits of the excise duty cut to the consumer.

Mobile phones that cost less than Rs. 2,000 are set to cost more after Mr. Chidambaram’s decision to levy a uniform excise duty on phones across price bands.

Mobile phones that cost less than Rs. 2,000 were earlier levied an excise duty of 1 per cent. They will now be levied an excise duty of 6 per cent. Industry analysts said this could translate into a 4-5 per cent hike. “This will add to the costs of entry-level phones less than Rs. 2,000 and is likely to add to the burden of consumers of low-end phones,” said P. Balaji, Managing Director Nokia India.

our finance minister did window dressing and used cleverly the data that
suits him and painted a rosy picture of the Economy, whoever forms the
new government will inherit a huge extra burden not show in this budget,
what is the use of cheaper cars and mobiles etc common man needs
jobs,food and shelter access for good education health
indeed it is a budget for Votes not Vote on account budget.

from:  ganjishivalingam
Posted on: Feb 18, 2014 at 13:25 IST

Wherever one goes in India, there are traffic jams in all major cities. Most of the roads need maintenance in huge magnitude but almost nobody cares. Broad roads with two lanes for each direction carry traffic only at half the rate because of road encroachments and lack of maintenance. The potholes and bad surfaces make traffic a nightmare so that foreign companies who are eager to exploit the large size the market offers to reluctantly delay their entry plans into India. If the finance minister gave concessions in duties for automobiles which the companies say will be passed on to the customers (Believe it when you see it) must be allocated to the urgent maintenance works and for reclaiming the roads from the illegal occupants. Better roads and less traffic jams are greater priorities than a small reduction in prices.

from:  Kris Murthy
Posted on: Feb 18, 2014 at 12:00 IST

When developed countries are encouraging people to use public transport while improving them so as to reduce use of fossil fuels and reduce emissions. We the worlds second populous country and with so much crowds encourage cars? More fuel consumption, more fuel price sky rocketting and more emissions? Looks like our FM is a fool or a most corrupt goon of this century. This policy looks like enabling Reliance to make more money selling fuels? Is there a nexus between our CHiddu and Ambanis? I want to ask.

from:  Honga Singh
Posted on: Feb 18, 2014 at 08:43 IST
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