Hence, only half of the revenues foregone by the government by the revision will boost consumption. The income tax rebate under the new tax regime has been raised to Rs 12 lakh per annum from Rs 7 ...

The allocation for capex in Budget 2025-26 is ₹11.21 lakh crore, just 0.9% higher than the Budget 2024-25 capex of ₹11.11 ...

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost ...

A 25 bps rate cut alone is unlikely to significantly reduce EMIs—translating to mere hundreds of rupees in savings for most ...

While the first Budget of the Modi 3.0 government appears to be middle-class-friendly, it falls short of implementing ...

New Delhi: When finance minister Nirmala Sitharaman announced tax cuts and sops for taxpayers in her latest budget, she said: “Slabs and rates are being changed across the board to benefit all ...

In many countries, we pay consumption tax when we buy goods and services from businesses, which then remits the taxes to the ...

The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...

The government says it is banking on netting in more revenues in the 2025-2026 financial year after a cabinet meeting approved new tax policy reforms, in a bid to expand the country's tax base and ...

These mini tariffs — especially the candy tax — would target those who could least afford it, low-income and poor residents ... is “concerned” about consumption and consumer taxes.

The rate cut effected by RBI's MPC, along with Centre's income tax relief measures announced in the Union Budget will boost consumption in the coming fiscal, according to economists. The central ...

Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?