Budget 2024: Prices of mobile phones may fall, with proposed duty cuts

The FY 2025 Budget cuts duties on mobile phones, PCBs, and chargers to 15%, reducing Pro model Apple iPhone prices. Exemptions for critical minerals aid domestic manufacturing. Finance Minister hails growth. ICEA Chairman praises. Oxygen-free copper duties cut; resistors supported. Tariff structures reviewed in 6 months. High-tech electronics benefit. Mobile exports up 100-fold. Import duties also rationalized.