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…
Amid growing financial pressures on India’s middle-class, Finance Minister Nirmala Sitharaman acknowledged their struggles while outlining potential measures aimed at providing relief. In an interview with Times Now, the finance minister emphasized her commitment to addressing middle-class concerns despite fiscal constraints. Current Taxation Landscape and Changes In her latest address, Sitharaman referred to the adjustments…
The 55th GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced notable changes to India’s taxation system while deferring decisions on certain critical issues. The meeting covered topics ranging from popcorn taxes to insurance GST restructuring. Here’s a detailed overview of the key highlights, tax rate changes, and implications for various…
