Train travel gets cheaper with withdrawal of service charge on online tickets booked through IRCTC , saving Rs 23 on reserved second class or sleeper class tickets and Rs 46 in other classes. Also, for i-tickets (where a printout of ticket is delivered) there will be a saving of Rs 92 on reserved second class or sleeper class tickets and Rs 138 in other classes.Smokers will cough up more, with an increase in excise duty across the spectrum. Import of the Vontron membrane, costing Rs 1,800, will set you back by another Rs 43.Buying silver medallions and coins, semi-manufactured forms of silver and articles of silver will pinch your pockets due to an increase in customs duty by 12.5 per cent. An imported 100 gram silver bar, costing Rs 5,096, is likely to be dearer by Rs 650.Non-residential management programmes get cheaper as service tax exemption has been extended to it. A two year IIM PGDM distance learning course costing Rs 16 lakh will now be Rs 2.08 lakh cheaper.Mobile phone prices may rise as imported PCBs now face a special additional customs duty of 2 per cent.

Source: Times of India February 02, 2017 04:18 UTC