From April 1, inflation will knock on your door. Many important things in life are going to get costlier. Things like milk, electricity, travel, phones will all become expensive.Till now, companies that have been bearing the burden of price hike alone, have raised their hands. So let us see which products will make deeper holes in your pocket from tomorrow.
Companies like Maruti, Nissan have announced to increase the price of their cars. From April 1, the cars of these companies will become expensive. Although how much this increase will happen, auto companies have not yet disclosed this. Car companies say that for a long time they had to bear the burden of expensive raw materials, but now they have decided to pass this burden on to the customers.
This year, summer will be hot as well as costly. If you are planning to buy AC or refrigerator, ready to pay more. From April 1, AC companies are planning to increase the price. Companies are preparing to increase the price of AC due to the increase in the prices of raw materials. Companies making AC are planning to increase the price by 4-6%.
From 1 April 2021, buying a TV will become expensive. In the last 8 months, the price of TV has increased by 3 to 4 thousand rupees. TV manufacturers have also demanded to bring TV underPLI (Production Linked Incentive) schemes. From April 1,TV prices will increase by at least 2 to 3 thousand rupees.
Hike in Airfare
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Now you have to open yourpockets more fortravelling by air. The government has decided to increase the minimum fare for domestic flights by 5 per cent. From April 1, the Aviation Security Fee is also going to increase.
This year price hike bomb did not spare smartphones andtheir accessories. According to the announcement made in the budget, import duty on electronic products such as charger, adapter, battery and mobile parts will be increased. In such a situation, the most indispensable device of our life will become costlier from April.
Taking term insurance from April 1 will also become expensive. Term insurance can be expensive by 10 to 15 per cent from the new fiscal year. According to experts, due to COVID-19, there has been pressure on insurance companies for cost. Which can have an impact on prices.
Milk prices may increase, farmers have said that they have announced to increase the price of milk by 3 rupees per litre. The new prices of milk will be applicable from 1 April. In such a situation, the price of all milk-basedproducts including ghee, cheese and curd can increase.
There is going to be an increase in toll tax across the country from April 1. The toll tax rates across the country are going to increase by 5 per cent from tomorrow. At the same time, monthly pass rates are also going to increase.
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People of Bihar are going to get a shock of high electricity bill from 1 April. According to the electricity department, the South and North Bihar Power Distribution Company have proposed to increase the electricity rate by 9 to 10 per cent. If this proposal is approved, then electricity rates in Bihar will increase.