Democracy

Summary: India’s economic growth is projected to range between 6.3% and 6.8% in the financial year 2025-26, driven by robust domestic fundamentals, disciplined fiscal management, and stable private consumption, as highlighted in the Economic Survey tabled in Parliament on January 31. The survey indicates that the GDP growth rate for the ongoing fiscal year may…

The new tax regime was introduced to simplify tax filing and offer lower tax rates. However, it excludes several popular exemptions available under the old regime, such as House Rent Allowance (HRA), Section 80C benefits, and medical insurance premium deductions, making it less favorable for many taxpayers. Sudhir Kaushik, Co-Founder & CEO of Taxspanner, explains:…

The Supreme Court of India has struck down the provision of domicile-based reservations for postgraduate (PG) medical seats, deeming it unconstitutional under Article 14 of the Indian Constitution. This landmark ruling ensures that admissions to PG medical courses will now be determined solely based on merit, as reflected in National Eligibility cum Entrance Test (NEET)…

Prominent economist and former IMF Executive Director Surjit Bhalla has expressed concerns over India’s current taxation policies, highlighting the heavy burden on its citizens and its potential impact on economic growth. Speaking in an interview with NDTV, Bhalla emphasized the disproportionately high tax-to-GDP ratio and questioned the government’s approach to taxation. Key Highlights of Bhalla’s…

India’s economic trajectory is deeply tied to the fiscal health of its states. Recognizing the need for effective financial management, the NITI Aayog released the latest Fiscal Health Index (FHI) to evaluate state finances and guide reforms. Key Dimensions of the Fiscal Health Index (FHI): The FHI aggregates state performance across five crucial sub-indices: 2022-23…

Top Highlights of the BJP Manifesto: Health & Infrastructure Promises: Key Points from Amit Shah’s Remarks: Election Timelines: This comprehensive plan aims to address pressing issues in the capital while challenging the AAP government’s performance. Will voters embrace BJP’s promises or continue with the incumbents? The results will reveal the city’s verdict.

Summary: Key Changes in Detail: Overall Impact: Tax Planning Tips: Conclusion:While the last budget focused on reforms under the new tax regime, taxpayers following the old system hope for similar benefits in the upcoming Budget 2025-26. Stay tuned as FM Nirmala Sitharaman unveils what lies ahead for all taxpayer categories on February 1, 2025.

Uttar Pradesh Chief Minister Yogi Adityanath highlighted the global success of the One District One Product (ODOP) scheme while inaugurating the Khadi Mahotsav 2025 at the Indira Gandhi Pratishthan in Lucknow. The week-long festival celebrates the artistic talents of Khadi and handloom artists from across India. Key Highlights from CM Adityanath’s Address: 1. Significance of…