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RBI Monetary Policy Committee (MPC) meeting starts on Wednesday. The meeting conducts under leadership of newly appointed Governor Sanjay Malhotra. It is first RBI Policy meeting conducts under Sanjay Malhotra. The question Is RBI Cut Interest rates of 25 bps in nearly five years? Analysts are asking questions on whether RBI will cut interest rates in
Recently, the Finance Minister proposed new tax measures during Budget 2025. It allows the people to pay zero tax on Rs 13.7 lakh salary. To save the tax, it introduce two powerful tools, Rs 75,000 standard deduction and contributions to the National Pension System (NPS). Zero tax on Rs 13.7 lakh salary: Tax Benefits on
Finance Minister Nirmala Sitharaman presented her historic eighth Union Budget on February 1, 2025. She unveiled an ambitious blueprint for India’s development as ‘Viksit Bharat’ by 2047. This budget focuses on accelerating the economy and ensuring long-term sustainability. Key reforms in income tax, fiscal discipline, infrastructure, energy, and employment have been introduced in this budget,
Union Budget 2025 has been called a “force multiplier” and a “people’s budget” by Prime Minister Narendra Modi. It is because it reflects the government’s commitment to fulfilling the aspirations of 140 crore Indians. The focus of the budget presented by Finance Minister Nirmala Sitharaman is savings, investments, and consumption towards India’s vision of becoming
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
