The Reserve Bank of India (RBI), in its latest bulletin released on February 19, stated that the tax cuts in the Union Budget 2025, along with moderating inflation, are expected to provide financial relief to the middle class and boost overall household spending. This announcement comes after the February Monetary Policy Committee (MPC) meeting, where the newly appointed RBI Governor, Sanjay Malhotra, emphasized the positive economic impact of the tax relief measur

The Union Budget 2025 has introduced significant changes to the income tax regime, offering relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed raising the basic exemption limit to Rs 4 lakh and increased the income threshold for the rebate under Section 87A to Rs 12 lakh. This means individuals earning up to Rs 12 lakh, with a standard deduction of Rs 75,000, can avoid paying taxes altogether. But for those earning more than Rs 12.75 lakh, choosing between the old

The Union Budget 2025 introduced a significant revision to the income tax exemption limit, raising it to ₹12 lakh. This change has sparked expectations of increased consumer spending, particularly in sectors such as automobiles and fast-moving consumer goods. With more disposable income available to middle-class taxpayers, the automotive industry is poised to see shifts in demand, with varying effects across vehicle segments. Analysts believe that while this tax policy revision may drive ov

Income Tax: Union Budget 2025 introduces a revamped tax regime, with key reforms aimed at providing relief to the middle class. The new tax slabs are as follows: Up to Rs 4 lakh - 0% Rs 4-8 lakh - 5% Rs 8-12 lakh - 10%

With the Union Budget 2025 just around the corner, India’s stock market is experiencing increased volatility. The India VIX, a key indicator of market fluctuations, surged by over 5% leading up to Budget day. Historically, the market has shown a mix of both gains and losses on the day of the Budget announcement and in the lead-up to it. The benchmark NSE Nifty 50 index has seen varying movements, with large swings in previous years, making it difficult to predict the immediate market re

 As the Union Budget 2025 approaches on February 1, Finance Minister Nirmala Sitharaman is expected to address rising concerns over high inflation and shrinking disposable incomes, with a focus on tax relief for salaried individuals. One of the most anticipated measures is the potential increase in the standard deduction for salaried employees. Under the current system, a standard deduction of Rs 75,000 is available for those opting for the New Tax Regime, while the Old Tax Reg

Rajesh Magow, the Co-founder and Group CEO of MakeMyTrip, has shared his expectations for the upcoming Union Budget 2025-26, emphasizing the long-standing demand of the hospitality sector for "industry" status. Speaking ahead of the budget presentation on February 1, Magow stressed the importance of addressing this demand to unlock the full potential of the hospitality and tourism sectors. In an interview with PTI, Magow highlighted the government's commendable efforts

The Role of National Education Policy (NEP) in the Union Budget 2025: The Union Budget 2025-26 is crucial for shaping the future of India's education system, especially with the National Education Policy (NEP) 2020 being a significant focus. The BJP-led NDA government, entering its third term, continues to prioritize education and skill development. The NEP aims to modernize educati

On Thursday morning, the Union Cabinet led by Prime Minister Narendra Modi made significant decisions, including approving two major plans with long-term implications for India’s space exploration and central government employees. In a boost to the Indian Space Research Organisation (ISRO), the cabinet sanctioned a Rs 3900 crore investment to establish a third launch pad at the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. This new launch pad will serve dual purpo

Months before the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman presented an interim budget in February to manage the government’s immediate financial needs. After the BJP-led NDA returned to power for a third term, she unveiled the comprehensive Union Budget for the financial year 2024-25 on July 23. While both budgets play a significant role in the nation's fiscal planning, their objectives and scope are different. An interim budget is a temporary financi

The Union Budget for the upcoming financial year is expected to include provisions for promoting artificial intelligence (AI) in India. According to sources, a special policy package for AI is being formulated, with a focus on AI-skilling schemes and the establishment of AI centres. Additionally, the budget is likely to allocate funds to support these initiatives, ensuring measures are in place to safeguard employment in light of AI's rapid advancement. The Ministry of Finance h

The Madhya Pradesh High Court has given the state government six weeks to ensure proper disposal of Union Carbide factory waste in accordance with safety guidelines. This follows the shift of waste, sealed in 12 containers, from the defunct factory in Bhopal to a disposal site in Pithampur, about 250 km away, on January 2, 2025. The court’s decision comes after the state's Advocate General Prashant Singh expressed concerns about unrest in Pithampur due to misinformation about the wa

Ahead of the Union Budget 2025-26, the government is expected to introduce measures to aid small businesses, farmers, and the export sector. Finance Minister Nirmala Sitharaman recently held her fourth pre-budget consultation, where she discussed key economic policies and priorities with stakeholders. Sources suggest that the government may announce tax relief for middle-class citizens to help revitalize the slowing economy, along with support for micro, small, and medium enterprises (MSMEs).

Strike Overview: Thousands of Amazon warehouse workers across four U.S. states have gone on strike, demanding better pay, improved benefits, and safer working conditions. The strike, organized by the International Brotherhood of Teamsters, affects seven Amazon facilities in Skokie, Illinois; New York City; Atlanta; San Francisco; and Southern California. The union claims to represent nearly 10,000 Amazo

Anoushka Kale's Election as President Anoushka Kale, a 20-year-old English Literature student at Sidney Sussex College, University of Cambridge, has been elected as the president of the prestigious Cambridge Union Society for the Easter 2025 term. Kale won the election uncontested, receiving 126 votes. As the current Debates Officer for the society, she is recognized for her commitment to pro

As of October 2024, the Union government's fiscal deficit for the financial year 2024-25 stands at 46.5% of the total budgetary target, amounting to Rs 7.5 lakh crore. This is in line with the government's fiscal consolidation strategy, which aims to bring down the fiscal deficit to 4.9% of GDP for the year, an improvement from the previous fiscal year's target of 5.6%. The fiscal deficit gap, which represents the difference between government expenditure and revenue, is