Economy - Now Actual

CBDT Tax Strategy: New Targets for FY26 Collection Goals

May 10, 2025

The Central Board of Direct Taxes (CBDT) is out with its ambitious tax strategy aimed at enhancing tax collection targets in alignment with its revenue goals for FY26.This strategy is particularly significant considering the government’s decision to forgo ₹ 1 trillion in revenue to offer relief to the middle class, which aligns with the CBDT’s focus on providing fair tax burdens while meeting the ₹ 25.2 trillion objective for direct tax collection.

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Union Budget 2025: A Bold Move Towards Developed India

May 10, 2025

The Union Budget 2025 represents a pivotal moment in India’s quest for development, aiming to transform the nation into a Developed India by 2047.With an unwavering focus on boosting the manufacturing sector, agriculture reforms, and enhancing support for MSMEs in India, the budget sets the stage for sustainable economic growth.

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Nirmala Sitharaman Interview: A Look at Tax Reforms and Growth

May 2, 2025

In a compelling interview with Mint and HT, Finance Minister Nirmala Sitharaman unveiled the pivotal features of the new Income Tax Bill, aiming to transform India’s fiscal landscape while honoring the taxpayer.The discussion delved into critical aspects such as the upcoming Budget 2025 highlights, with a particular emphasis on personal income tax cuts designed to ease financial burdens across income brackets.

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Migration Challenges in India: Experts Highlight Key Issues

May 1, 2025

Migration challenges in India continue to pose significant obstacles to economic stability and growth as individuals flock from rural to urban areas.Despite the availability of a capable workforce in states like Bihar and Jharkhand, the disparity in employment opportunities drives many to predominantly developed regions such as Maharashtra and Tamil Nadu.

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Foreign Investment in Insurance: Major Reforms Ahead

April 30, 2025

Foreign investment in insurance is poised to undergo a transformative shift as India’s government prepares to liberalize the sector significantly.With the proposed increase of foreign direct investment (FDI) limits from 74% to an unprecedented 100%, the Indian insurance market stands at the brink of a new era.

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India Budget 2023: Stimulating Growth Amid Slowdown

April 29, 2025

The India Budget 2023 arrives at a critical juncture for the economy, as rising concerns about fiscal stability and urban consumption growth dictate the urgency for impactful reforms.Presented by Finance Minister Nirmala Sitharaman, this budget is especially significant amidst a backdrop of weakened consumption and a strategic focus on fiscal consolidation.

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Rural Prosperity Budget: Will It Transform Rural India?

April 25, 2025

The rural prosperity budget unveiled in India aims to transform the economic landscape of rural areas by focusing on sustainable development and inclusive growth.With strategies centered on enhancing skill development for youth and combating distress migration, it seeks to create a more resilient rural economy.

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Tax Changes 2025: Impact on Bank Deposits and Savings

April 25, 2025

In 2025, significant tax changes are set to reshape the financial landscape for many individuals and businesses, as proposed by the Union Budget 2025.With the income tax exemption limit rising to ₹12 lakh, taxpayers will find themselves with increased disposable income, enhancing their spending power.

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Budget Tax Cuts: Boosting Economy Amid Global Uncertainties

April 23, 2025

Budget tax cuts have emerged as a crucial element in revitalizing the economy amidst rising global uncertainty.As Chief Economic Adviser V.

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Income Tax Reform Boosts Middle Class Under NDA Government

April 22, 2025

Income Tax Reform has become a pressing topic in India, especially following the recent announcements under the NDA government budget.The Union budget revealed significant changes, allowing individuals earning up to ₹12 lakh annually to enjoy tax-free income, a considerable increase from the previous cap of ₹7 lakh.

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