The loudly trumpeted aim of US President Donald Trump is to revive America’s economic mojo. That balanced foreign trade was not all rhetoric but a real part of his agenda hit home only on 2 April, when the US erected a tariff regime that left other countries aghast and economists agape. What dropped jaws wasn’t…
What is adulteration, and what is its impact on our daily lives? Source link
Hard data is supposed to be cold and impersonal but also has the capacity to evoke myriad feelings. Consider the series of national-accounts data released on 28 February: India’s gross domestic product (GDP) for the quarter from October to December 2024, second advance GDP estimates for 2024-25, first revised estimate for the previous year and…
For decades, India’s salaried class viewed themselves as a minority—sandwiched between the elite and what they believe is the world’s largest population of the “politically pampered”. And in most Budgets, they found the discourse to be dominated by farmers, the poor, women and other groups. Which is why the record â‚ą1 trillion largesse showered by…
The retail sector, a key driver of the economy, stands to benefit significantly from measures aimed at increasing disposable income, boosting consumer confidence, and strengthening supply chains. At the same time, targeted interventions in infrastructure, digitalization, and rural development will create a more resilient and interconnected economy, ensuring long-term prosperity for businesses and communities alike….
The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. But there a quite a few standout features other than these. First things first. The remarkable and dogged focus on fiscal consolidation really is…
Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions (TDS and…
There is a spring in the step of Indian consumer-related companies after the budget 2025’s proposal to make income up to â‚ą12 lakh tax-free under the new tax regime. With more disposable income in the hands of millions of taxpayers, the expectation is that consumers would be encouraged to spend more on items like staples,…
India’s middle class has reason to rejoice. Finance minister Nirmala Sitharaman has eased income tax burdens under the new regime across the board. The threshold level for zero income tax, for instance, has been bumped up to â‚ą12 lakh annually from â‚ą7 lakh. That’s quite a leap. Also Read: Union Budget 2025 strengthens the middle…
The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the NDA tenure. From…
