Bhubaneswar, Feb. 1 -- As Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament, taxpayers and consumers nationwide are keenly observing how the new fiscal measures will affect everyday prices.

Several changes in duty structures and tax provisions are expected to impact the cost of goods and services across various sectors.

The government has rationalised certain customs duties and indirect taxes to support domestic production and lower the cost of key products:

Essential Medicines:

Customs duty relief on numerous critical drugs, including those for diabetes and cancer, is expected to make these medicines more affordable for patients.

Mobile Phones and Electronics:

Duty relief on components and inputs ...