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Reforms which would have more money in the middle-class pockets, Union Finance Minister Nirmala Sitharaman had plans to bring significant revisions in the new regime of income tax slabs, announced during her Budget 2025 speech. All these changes are aimed at reducing the tax burden on individual people, along with this household consumption, savings, and
As Bihar readies for its Assembly elections later this year, the Centre rolled out a whole list of initiatives in an apparent effort to woo voters in the politically crucial state. The announcement assumes significance given the fact that BJP relies considerably on its alliance with Nitish Kumar’s JDU, thus, the new initiative signals strategic
Facing the new income tax regime soon Budget 2025 is stirring up the talk on possible tax exemptions, in particular, among individual taxpayers. A deeper analysis of the government’s trends in revenues shows that, at least in the context of the ongoing fiscal year, there is potential for recalibrating, seeing as tax collection has been
In this escalating environment of rising inflation ahead of Union Budget 2025, loan EMI escalates, and education expenses shoot through the roof, India’s middle class is trapped in a financial noose. Former Infosys CFO TV Mohandas Pai has voiced serious concerns about the mounting economic burden, urging the government to prioritize tax relief in the
Celebrating the eve of the 76th Republic Day, President Droupadi Murmu praised India’s early 20th-century freedom fighters for having brought the country together in a well-organized movement for independence. She credited iconic leaders such as Mahatma Gandhi, Rabindranath Tagore, and Babasaheb Ambedkar for helping India rediscover its democratic roots and values. “Justice, liberty, equality, and
With the pending Union Budget of 2025, the Institute of Chartered Accountants of India (ICAI) has come up with a substantial proposal for implementing joint taxation for married couples. This system, already practiced in countries like the US and the UK, would allow married couples to file taxes as a single taxable unit, combining their
Rexpro Enterprises IPO kicked off its subscription phase on Wednesday, January 22, and witnessed strong demand on its opening day. The IPO, at an issue price of ₹145 per share, is open to a maximum of 1,000 shares with a base minimum subscription amount of ₹1,45,000 for retail investors. The public issue will remain open
Overall, the S&P 500 rose over 55% and the Nasdaq composite rose over 46% for President Joe Biden’s administration (compared to when the administration ended). Presidency of Biden ranged throughout stock market conditions from the trailing edge of the post-COVID rally in 2021 through to a bear market in 2022 to wild returns of 24%
Global stocks climbed on Tuesday, while the dollar rebounded after a sharp decline the previous day. Investors and traders in every corner of the globe are coming to terms again with the new degree of uncertainty brought about by the White House return for President Donald Trump. His mixed messaging on tariffs has heightened market
Starting the session from 31 January until 4 April, Finance Minister Nirmala Sitharaman will present the eighth consecutive Union Budget on February 1. During this much-talked-about Budget Session, very important decisions shaping the country’s economic direction for the coming year are expected. Union Budget Session 2025 will thus highlight a crucial event that will take
