Economy National
After announcing major income tax reforms in the Union Budget 2025, the government is now considering a revamp of the Goods and Services Tax (GST) structure to simplify compliance and enhance efficiency for businesses and consumers. Proposed Changes to GST Structure Currently, GST operates with four key slabs—5%, 12%, 18%, and 28%, with additional cess […]
Economy National
The latest Union Budget has introduced income tax and Tax Deducted at Source (TDS) relief measures, aimed at boosting disposable income and encouraging higher savings. These changes are expected to benefit taxpayers while strengthening the banking sector by increasing deposits. Bank Deposits Expected to Rise by ₹45,000 Crore The new tax relief measures could lead […]
Economy National
Following the government’s recent tax reductions, the Reserve Bank of India (RBI) is widely expected to lower interest rates by 25 basis points in its upcoming monetary policy review. The move is aimed at easing financial burdens on middle-class households and accelerating economic growth. Positive Economic Indicators Support Rate Cut Recent economic data indicates a