economy

New Tax Regime vs Old Tax Regime Slabs

Under the Union Budget 2025, Finance Minister Nirmala Sitharaman has initiated significant changes in the tax structure, especially regarding the New Tax Regime for Assessment Year 2025-26. The changes are aimed at simplifying tax filing for the taxpayer, to benefit...

Union Budget 2025, Key Highlights and Impacts

The Union Budget 2025 as presented by the Finance Minister of India, Ms. Nirmala Sitharaman, grabs all the front pages with her comprehensive forward-looking fiscal plan presentation on February 1, 2025, which is essential to boost growth in the economy...

Economic Survey 2025, Key Highlights and Sectoral Analysis

The Economic Survey 2025 prepared by the Ministry of Finance has been an indispensable document in guiding the understanding of India's performance over the past year and future policy directions. It encompasses insights into the growth in Gross Domestic Product,...

SEBI’s Proposed “When-Listed” Platform for Pre-Listing Trading

Context: SEBI is planning to introduce a “when-listed” platform to regulate the trading of shares in the period between the allotment of shares after an Initial Public Offering (IPO) bid closure and the official listing on stock exchanges. About “When-Listed”...

Major Components of Union Budget, Key Concept and Significance

Context: The Budget consists of three major components: expenditure, receipts and deficit indicators. Fundamentals of Budget-Making Constitution: According to Article 112 of the Indian Constitution, the Union Budget of a year is a statement of the estimated receipts and expenditures...

Central Bank Digital Currencies (CBDCs), Types and Benefits

Context: US President Donald Trump has issued an executive order banning the establishment of a central bank digital currency. About Central Bank Digital Currency (CBDC) It is a digital form of national currency issued and regulated by a country’s central...

India’s Digital Economy, Characteristics and Challenges

Context India's digital economy is projected to grow at twice the pace of the overall economy and constitute 13.42% of national income by 2024-25, compared to 11.74% in 2022-23, as per an Indian Council for Research on International Economic Relations...

New Norms for Tax Avoidance Treaties

Context: The Central Board of Direct Taxes (CBDT) has issued new guidelines regarding the Principal Purpose Test (PPT) under Double Tax Avoidance Agreements (DTAAs). About the New Norms for Tax Avoidance Treaties Applicability of PPT: The Principal Purpose Test (PPT)...

NITI Aayog’s First Fiscal Health Index (FHI) Report

Context: NITI Aayog’s inaugural Fiscal Health Index report was released by the Chairman of the 16th Finance Commission, Dr. Arvind Panagariya. About Fiscal Health Index (FHI) FHI aims to evaluate the fiscal health of Indian States based on key financial...

India’s GDP Growth Rate 2024-25, Key Drivers and Challenges

The global ratings agency Moody’s has recently revised India’s economic growth forecast for the fiscal year 2024-2025, downgrading it to 7% from the previous year’s impressive 8.2%. This revision reflects a mix of domestic and global economic challenges, including slower-than-expected...