Finance Ministry Approves ‘One State-One RRB’
The government of India is set to implement the One-State-One-RRB (Regional Rural Bank) policy, aiming to streamline operations and strengthen the financial stability in rural banking institutes. Effective May 1, 2025, this initiative will consolidate 15 RRBs, reducing the total number from 43 to 28, as per the financial minister Nirmala Sitharaman. In 11 states—Andhra…
Shipra Prajapati
India Moves to Defend Exports Against U.S. Tariffs
U.S. tariff has become the talk of the town. President Donald Trump has shaken the world’s import/export sector since he took office. During his this term, he is focusing on increasing import tariffs. Recently, China retaliated against the high tariffs in the U.S. and imposed 15% on goods, especially food items and cotton. However, India…
ABHYUDAYA MITTAL
Income Tax 2025 vs. DTC – Will You Save or Pay More?
The Finance Minister of India will present a New Income tax Bill in the Parliament today, i.e., on 13-02-2025 at 11 am. The new bill is said to bring significant changes to the existing Income Tax Act 1961, making it simpler and easier for the general taxpayer to comprehend. Moreover, according to the Economic Times,…
Bhumika
Before Budget 2025, FM to Table the Economic SurveyÂ
Finance Minister (FM) Nirmala will present the union budget 2025-26 tomorrow, February 1. However, ahead of that, India’s FM will table the economic survey for 2024-25 in parliament today, January 31, 2025. The document evaluates key economic indicators, including deceleration and rupee depreciation, against the US dollar and changes in consumer spending. The pre-budget document…
Vipin
Major Relief For Homeowners As Centre Modifies LTCG
In Budget 2024, Nirmala Sitharaman announced some major changes in the taxation policy for homeowners, which received significant backlash from the real estate sector; because of this, the government revamped the finance bill and announced major relief for them. Earlier, the budget introduced a taxation regime that removed indexation benefits from the property and also…
Government Expects Rs. 1 Lakh Crore+ This Fiscal YearÂ
Recently, Finance Minister (FM) of India Nirmala Sitharaman presented the budget for this fiscal year, declaring ambitious targets. She also mentioned that the government would honour its decision to privatise PSU (Public Sector Unit); however, the timing has to be decided. “When is the time to disinvest any or several of these companies listed and…
Can India Expect Changes In Union Budget 2024-25?
The final Union Budget 2024-25 is set to be presented on July 23. The interim budget for 24-2025 was launched in February, and now India is expecting some changes in the final budget, according to reports. According to the officials, the centre might propose changes in the customs rules to remove heavy anomalies, retain certain…
The Glimpse Of Global Fintech Fest 2023- Day 1
The Global Fintech Fest 2023 was started yesterday in Mumbai and aims to act as a platform for the funding of $15-$20 million for the top fintech ventures. In this global fintech fest, more than 800 speakers and more than 50,000 delegates participated. On Tuesday, Union Finance Minister, Nirmala Sitharaman spoke at the Global Fintech…
Yash Sharma
US-India Alliance: Boosting Energy Transition Investments
US Treasury Secretary Janet Yellen announced that the United States and India have joined forces to establish an investment platform with the goal of reducing capital costs and stimulating private investment for India’s energy transition. This collaboration was confirmed after a meeting between Yellen and India’s Finance Minister Nirmala Sitharaman held on the sidelines of…
GST Council Announces Key Decisions: A closer lookÂ
In a significant development aimed at fostering cooperative federalism and enhancing the simplicity of India’s tax regime, Finance Minister Nirmala Sitharaman chaired the 50th GST Council meeting in New Delhi on 11th July 2023. The meeting witnessed the presence of esteemed dignitaries, including MoS (F) Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra, Chairman CBIC Vivek Johri,…
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