 "house infrastructure")
Real Estate & Infrastructure
l Budgetary allocation enhanced for various incentive schemes
l BCD reduced on mobile phones, its PCBA, mobile chargers, specified die-cut parts & mechanics for mobile phone manufacturing
l BCD increased on PCBA of specified telecom equipment
l BCD on oxygen free copper strip has been reduced from 5% to nil for use in manufacture of resistors
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 "For an ambitious India Inc aiming to leap forward, an acute shortage of workers — both skilled and unskilled — is threatening to hold it back.")
 "microscope, biotechnology")
 "Farmers, Farmer, agriculture")
 "capex")
 "jobs, resume, employment")
l BCD on specified parts for manufacture of connectors has been reduced to nil
l Exemption from BCD on import of certain minerals to be used in strategic sectors such as telecommunication, space, high-tech electronics, etc
Consumer Products
l Customs duty reduced on gold, silver, and platinum
l BCD exemption is extended to certain leather items for manufacture of textile or leather garments for export
l BCD reduced on MDI for manufacture of spandex yarn
l BCD reduced on specified goods for use in manufacture of textile, leather garments / specified footwears / other leather products for export
l TCS on notified luxury goods at the rate of 1 per cent of value exceeding Rs 10 trillion
Pharma
l Operationalisation of the Anusandhan National Research Fund for basic research and prototype development
l Budgetary allocation of Rs 2,143 crores towards PLI for pharmaceutical industry
l Waiver of BCD on import of specified cancer drugs
l BCD reduction on x-ray tubes & flat panel detectors for use in medical x-ray machines under the Phased Manufacturing Programme
l Sunset clause extended from 30.09.3024 to 31.03.2029 for certain specified goods for supply of patient assistance programme
Food industry
l BCD on various ingredients/inputs for use in the manufacture of Prawn & Shrimps feed or fish feed is reduced
l BCD on various aquafarming & marine sector products have been reduced
l BCD tariff rate on areca nuts and prepared/ preserved areca nuts increased to 150%. However, no change in effective duty rate
l Reduction in BCD for Shea nuts, from 30 per cent to 15 per cent
l Financial support for setting up of 50 multi-product food irradiation units in the MSME sector will be provided
l Development of large scale clusters for vegetable production closer to major consumption centres
 "Nirmala Sitharaman, finance ministerm, Union Budget, Budget 2024")
 "Infrastructure, real estate, building, budget")
 "Ship, shipbuilding, shipbuilders")
 "A high-level government committee has raised concern over continued delays in payment to companies in the production-linked incentive (PLI) schemes, Business Standard has learnt. PSU")
