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 ...

While reaffirming its commitment to fiscal consolidation, the government has tried to stimulate consumption through tax cuts. It targets to lower the fiscal deficit to 4.4 per cent in FY26 from the ...

This is extremely important for us to gauge the impact of the finance minister’s income tax bonanza on overall consumption. For starters, Sitharaman has said the tax cuts will cost the ...

The RBI, finally uncaged the interest rate tool to take down the consumption slowdown monster. On Friday, Governor Sanjay Malhotra in his very first monetary policy review leaped to the finish ...

India’s latest budget under Prime Minister Narendra Modi’s government takes a strategic turn toward boosting consumption at a time when economic momentum is showing signs of strain. With inflation ...

“The urban middle class was surely under financial stress for several reasons. They were down spending on consumption; premium brands were not getting picked up,” he said. The Adani Wilmar CEO ...

Car tax is paid every year and is a legal requirement for all vehicles registered in the UK. You need to pay tax when the ...

Can tax relief for the urban middle class spark a consumption revival, and help accelerate an economy that has lately been grappling with a slowdown? The government sure hopes so. In the Union ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

The current public discourse on the intersection of AI and immigration is focussed on skilled workers. Whilst this is a ...

Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption especially among the salaried class, a report showed on Tuesday. While ...

New Delhi, Feb 4 (IANS): Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption especially among the salaried class, a report showed on ...