India’s latest budget under Prime Minister Narendra Modi’s government takes a strategic turn toward boosting consumption at a ...

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

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 ...

India's consumer sector will now be looking to RBI for a further boost to consumption. New Delhi: Following finance minister Nirmala Sitharaman’s proposed income tax relief for salaried ...

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 ...

New Delhi: The government of India’s decision to remove personal income tax for individuals earning up to Rs 12 lakh annually will boost consumption. Individuals earning up to Rs 12 lakh ...

(Bloomberg) — Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India’s pitch to the world. Sign up here.

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

“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 ...

Consumption is crucial for the economy amid uncertain exports and low corporate investments. The finance minister introduced significant income-tax cuts while maintaining fiscal consolidation.