National
Fitch Ratings has observed that India’s efforts to reduce its public debt are progressing at a gradual pace, highlighting potential vulnerabilities in the event of significant economic disruptions. The agency acknowledges the government’s commitment to a medium-term fiscal framework aimed at decreasing the debt-to-GDP ratio, which could positively influence
National
In an effort to streamline toll collection and provide financial relief to regular commuters, the government is contemplating the introduction of monthly toll tax smart cards. These cards are expected to offer discounted rates for frequent travelers on national highways. Benefits for Frequent Commuters The proposed smart card system aims to benefit individuals who
National
The Ministry of External Affairs (MEA) is drafting a new emigration law to protect the rights and welfare of over 1.5 crore Indian workers employed in foreign countries. The proposed legislation aims to modernize migration policies, ensuring safer and more structured overseas employment opportunities. The Proposed Overseas Mobility Bill The new law, tentatively named the
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 […]