Netizens Trolled Government For Decreasing Diamond Tax & Increasing Tax For Umbrella !!

- Diamonds
- finance
- India
- Umbrella
By Dhiwaharan
In her Union Budget 2022 speech, India’s finance minister Nirmala Sitharaman announced several changes to customs duty, that will, in turn, affect the prices of different commodities. It has been announced that cut and polished diamonds and other gemstones are all set to become cheaper. However, what grabbed the attention of the public is, that the duty on Umbrellas is going to be raised to 20 percentage through which we have to understand that the life saver in summer and rainy season in going to become costlier.
A large number of commonly used items such as headphones, earphones, loudspeaker, smart meters, imitation jewellery, solar cells and solar modules will become more expensive due to a hike in customs duties on imported parts, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2022-23.
However, imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of rationalisation in customs duties.
On seeing the customs duty on cut and polished diamonds and gemstones is being reduced to 5 percent and Umbrellas becoming more expensive, online couldn’t resist themselves from reacting to it. “Budget 2022 in short: Indian middle class will die paying taxes” Tamil youtuber Madan Gowri said whereas another Internet user wrote “What does FM have against Umbrellas? Hiked tax including in accessories! Huh?? You think people can get a digital umbrella in the rains? Or not needed due to WFH so businesses may as well wind up? #MonsoonBlues being felt already”
Check out some of the reactions below :
Of course Tax exemption for diamond but more tax for umbrella 🤦🏽♂️🤦🏽♂️
— ❣️гค๓๒lครรﻮยץ❣️🇦🇺 (@blassram) February 1, 2022
What does FM have against Umbrellas? Hiked tax including in accessories! Huh?? You think people can get a digital umbrella in the rains? Or not needed due to WFH so businesses may as well wind up? #MonsoonBlues being felt already … :-))
— Sucheta Dalal (@suchetadalal) February 1, 2022
Customs duty slashed on diamond jewellery (for the rich) while tax on umbrella, agri machinery increased (used by common people)
Shows the priority of this govt #Budget2020
— Agnivo Niyogi (অগ্নিভ নিয়োগী) (@Aagan86) February 1, 2022
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) 🇮🇳 (@SpeakNaimisha) February 1, 2022
What is the total Turnover of Umbrella’s In INDIA ?
What is the reason for hike in Tax on Umbrella’s ? #BudgetSession2022
— Zafarulla Sattar Khan | Taxation (@ZafarullaSkhan) February 1, 2022
உண்மை. pic.twitter.com/Eyrz76qQR6
— Savukku_Shankar (@savukku) February 1, 2022
கிரேட் இந்தியன் சேல், மாமா
அமேசான்ல யா மாப்ள,
அமேஜானா? பட்ஜெட்ல மாமா pic.twitter.com/nT7sbXKEl4
— mohanram.ko (@mohanramko) February 1, 2022
— Cartoonist Alok (@caricatured) February 1, 2022
எல்லாத்தையும் விக்கிற ஆர்வத்துல ஒருநாள் சீனப்பெருஞ்சுவருக்கு விலை பேச போறானுங்க.. சைனாக்காரன் வந்து சூத்துலையே சுடப்போறான்..🤧
— Dr.Aravind Raja (@AravindRajaOff) February 1, 2022
Increased in taxation for umbrellas
Decrease in tax for diamonds
Someone pls cut Nimmi’s #Netflix account pic.twitter.com/j1MyPF2o1S
— Ashbit^ v 2.2 (@tamilthimir) February 2, 2022
Wat a disgraceful budget. Nothing for middle class. Tax on umbrella ? Really???
— Mk (@khan_majidreal) February 1, 2022
Umbrella & unblended fuel will get costlier
Diamonds, gemstones & smartwatches will get cheaper.
Dear Sanghis, Keep Calm, wear your diamonds & dance in the rain singing “Har Har Modi, Ghar Ghar Modi” 🔥
— Shreya (@s_shreyatweets) February 1, 2022
Easier to buy diamonds, essential good. Why we need umbrella when we are traveling in car you know 😎
— Bowya Madhi (@bowya8) February 1, 2022
Thank God, I brought my umbrella before this years budget was announced !!! 😎😎 #Budget2022 #BudgetSession2022 #Budget #BudgetET2022 #NirmalaSitharaman #umbrella pic.twitter.com/TOmJaxZvjC
— Hydrocker (@Hyd_Rocker) February 1, 2022
#2022Budget reaction from Common Man #Chennai
PC – @yoga_iyappan pic.twitter.com/1daUrIEt8y— Jeeva Bharathi (@sjeeva26) February 2, 2022