Govt Plans GST Revamp Following Tax Reforms

By BPN News Desk February 4, 2025

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

Economy National

Amit Shah Highlights Tax Relief for Middle Class in Budget 2025

By BPN News Desk February 1, 2025

Union Home Minister Amit Shah has highlighted the government’s commitment to easing financial burdens on the middle class in the Union Budget 2025. Speaking about the recent tax exemptions, he affirmed that Prime Minister Narendra Modi has always prioritized the welfare of middle-class families. “The middle class has always been in PM Modi’s heart.”

Economy National

Budget 2025: Changes in Income Tax Slabs Announced

By BPN News Desk February 1, 2025

The government has introduced significant changes to income tax slabs in the Union Budget 2025, aiming to provide relief to taxpayers and boost financial savings. The revision in tax rates is expected to benefit middle-class earners while simplifying the tax filing process. “The new tax structure aims to make compliance easier while ensuring that individuals […]

Economy National

Budget 2025: Key Expectations and Economic Survey Insights

By BPN News Desk January 31, 2025

As India gears up for the presentation of Budget 2025, anticipation is high regarding the government’s economic strategy for the coming fiscal year. Finance Minister Nirmala Sitharaman is set to unveil the budget, which will outline key policies affecting taxation, infrastructure, manufacturing, and welfare programs. “Budget 2025 will focus on strengthening the

National

Government to Launch National Critical Mineral Mission

By BPN News Desk January 29, 2025

In an effort to secure key resources for industrial and technological growth, the government is planning to introduce a National Critical Mineral Mission. This initiative is expected to focus on reducing India’s dependence on imported essential minerals, ensuring a stable supply chain for industries like electronics, renewable energy, and defense. “Focus on

Business Industry

Budget 2025 May Boost Seafood Exports with Duty Cuts

By BPN News Desk January 18, 2025

India’s seafood industry is set to receive a significant boost as Budget 2025 is expected to propose a reduction in customs duties for shrimp and fish. This move is anticipated to enhance the global competitiveness of Indian seafood exporters and strengthen their position in international markets. Focus on Supporting the Seafood Industry The seafood sector, […]

Economy

EEPC India Urges Faceless GST Audits in Budget 2025

By BPN News Desk December 30, 2024

The Engineering Export Promotion Council (EEPC) India has called upon the central government to introduce faceless GST audits in the upcoming Union Budget 2025. The recommendation aims to streamline compliance processes, reduce bureaucratic hurdles, and boost the ease of doing business for exporters. Proposal to Enhance Transparency and Efficiency EEPC India highlighted

Economy National

Income Tax Cuts Likely in Budget 2025 to Boost Consumption

By BPN News Desk December 26, 2024

The government is reportedly considering reducing income tax rates in the upcoming Budget 2025. This potential move aims to bolster consumption and stimulate economic growth amid concerns of sluggish demand. Sources indicate that the Ministry of Finance is exploring strategies to provide relief to taxpayers, particularly those in the middle-income bracket. Focus on