With the Union Budget 2025 just around the corner, discussions are intensifying around potential reforms to encourage savings and improve the efficiency of India’s financial markets. Fixed deposits (FDs), a traditional investment tool favored by millions of Indians, have taken center stage in these deliberations. Suggestions to introduce tax incentives for FDs aim to address…
The Goods and Services Tax (GST) in India often sparks intense debate, and the latest controversy centers on its application to food products. Author Arun Krishnan recently reignited the discussion by comparing GST rates in India and Australia, highlighting differences in taxation systems, benefits, and public perceptions. His observations came days after Finance Minister Nirmala…
Overview of the New GST Policy Recent Changes in GST Rates The Indian automotive market has witnessed a significant policy shift with the GST Council’s recent decision to implement a uniform 18% GST rate on the sale of all used vehicles, including electric vehicles (EVs). This standardization marks a departure from the previous system where…
