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8th Pay Commission Update: Key Highlights from Terms of Reference Meet on 50% DA, DR

8th Pay Commission Update: Key Highlights from Terms of Reference Meet on 50% DA, DR

14 February 2025

As discussions around the 8th Pay Commission gain momentum, the recent Reference Meet chaired by the Secretary of the Department of Personnel and Training (DoPT) brought significant developments. The meeting focused on various issues concerning central government employees and pensioners, with particular emphasis on Dearness Allowance (DA) and Dearness Relief (DR). Major Concerns Raised in …

Union Budget 2025: No Income Tax Payable on Income Up to ₹12 Lakh Under New Tax Regime, Standard Deduction Unchanged

Union Budget 2025: No Income Tax Payable on Income Up to ₹12 Lakh Under New Tax Regime, Standard Deduction Unchanged

1 February 2025

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, unveiling significant tax reforms that aim to provide relief to the middle class. A much-anticipated announcement was made regarding income tax exemptions under the new tax regime. The Finance Minister confirmed that no income tax will be payable for annual incomes of …

India’s Service Sector Boosts Economy: GVA Contribution Rises to 55.3% in FY25

India’s Service Sector Boosts Economy: GVA Contribution Rises to 55.3% in FY25

1 February 2025

The Economic Survey 2024-25 has confirmed the dominance of the service sector in India’s economic landscape, terming it the ‘Old War Horse’. The sector has been instrumental in sustaining GDP growth, particularly when global merchandise trade slowed down. With its contribution to the total GVA increasing from 50.6% in FY14 to 55.3% in FY25, the …

Madhya Pradesh Budget Outlay Increases 15 Pc To Rs 4.21 Lakh Crore, No New Taxes

Madhya Pradesh Budget Outlay Increases 15 Pc To Rs 4.21 Lakh Crore, No New Taxes

12 March 2025

Bhopal, Mar 12 (PTI) The Madhya Pradesh government on Wednesday presented a Rs 4.21 lakh crore budget for 2025-26 with no new taxes while announcing new schemes for development of religious sites. Finance Minister Jagdish Devda presented the Rs 4,21,032 crore budget, a 15 per cent increase over the last fiscal, in the legislative assembly …

February 2025 CPI Data Out: Overall Inflation Eased to 3.61%, While Housing Inflation Soared to 2.91%

February 2025 CPI Data Out: Overall Inflation Eased to 3.61%, While Housing Inflation Soared to 2.91%

12 March 2025

Inflation has been a key economic indicator in India, and the latest data for February 2025 reveals noteworthy trends across various sectors. Based on the All India Consumer Price Index (CPI), year-on-year inflation has seen a marked decrease. In this blog, we will explore the key inflation trends for February 2025: Headline Inflation Trends The …

How Much Gold Can We Legally Get From Dubai?

How Much Gold Can We Legally Get From Dubai?

12 March 2025

Dubai has long been a favourite shopping destination for Indians looking to buy gold. With lower making charges, no Goods and Services Tax (GST) on bullion and jewellery, and attractive prices, Dubai offers significant savings compared to India. However, bringing gold back to India is subject to strict rules and customs duties imposed by the …

Government Set to Receive Record ₹67,000 Crore Dividend from Non-Financial CPSEs

Government Set to Receive Record ₹67,000 Crore Dividend from Non-Financial CPSEs

12 March 2025

The Indian government is set to collect a record-breaking dividend of ₹67,000 crore from non-financial Central Public Sector Enterprises (CPSEs) in the current fiscal year (FY 24-25). This significant boost is driven by strong profitability in key state-run sectors, including petroleum, coal, and power. With dividend receipts already nearing ₹60,000 crore, the final figure is …

India’s Edible Oil Imports Hit 4-Year Low in February

India’s Edible Oil Imports Hit 4-Year Low in February

12 March 2025

India’s edible oil imports in February 2025 dropped to their lowest level in four years, primarily due to significant declines in soy oil and sunflower oil imports.  This has led to the lowest inventory levels in three years, according to the Solvent Extractors’ Association of India (SEA). Declining Imports and Inventory Shortfall For the second …

Govt Gets 73 Applications Under Second Round of PLI Scheme for Speciality Steel

Govt Gets 73 Applications Under Second Round of PLI Scheme for Speciality Steel

12 March 2025

New Delhi, Mar 12 (PTI): The government has received 73 applications under the second round of production linked incentive (PLI) scheme for specialty steel, Sandeep Poundrik, secretary in the Union steel ministry, said on Wednesday. The PLI schemes were launched as part of government’s efforts to increase production of special steel in India to make …

Trump’s 25% Tariffs on All Steel, Aluminium Imports Go Into Effect

Trump’s 25% Tariffs on All Steel, Aluminium Imports Go Into Effect

12 March 2025

Washington, Mar 12 (AP) President Donald Trump officially increased tariffs on all steel and aluminium imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Trump removed all exemptions from …

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