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Budget 2022: How umbrellas found a mention in FM's speech
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Budget 2022: How umbrellas found a mention in FM's speech
Feb 1, 2022 2:22 PM

As union finance minister Nirmala Sitharaman presented the Union Budget, an unusual item, something you wouldn't normally expect, found a mention in her Budget speech - Umbrella.

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"Duty on umbrellas is being raised to 20 percent. Exemption to parts of umbrellas is being withdrawn," the FM said.

In no time, many also took to Twitter to complain about umbrellas getting expensive, with some calling out the impact it would have on the middle-class should the price of a monsoon necessity increase.

Also Read:

Budget 2022 is death of cryptocurrency in India: Rakesh Jhunjhunwala

Mum once brought an umbrella costing around Rs 1800/- and apparently, dad lost it somewhere. Even after 7 years, she has been reminding us of it.

With customs duty on #umbrella being raised to 20%, it is important to protect the umbrella more than it protects you!#Budget2022— Naimisha (ନୈମିଷା)

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