The Union Budget 2025 has introduced several tax changes that will impact investors, taxpayers, and senior citizens. Here’s a simplified breakdown of the key updates: ULIP Taxation Changes The government has clarified that if the annual premium for Unit Linked Insurance Plans (ULIPs) exceeds ₹2.5 lakh, the redemption amount will be subject to capital gains …
The Indian rupee fell by 45 paise, reaching a record low of 87.95 against the US dollar in early trading on Monday, February 10, 2025. This was largely due to the strength of the US dollar in the global market and a negative trend in domestic equities. At the interbank foreign exchange market, the rupee …
Kerala’s Finance Minister K.N. Balagopal presented the state budget for 2025-26, in the State Legislative Assembly on Friday, February 7, 2025, which includes plans for infrastructure development like metro projects, high-speed rail corridors, tourism initiatives, and significant welfare investments. The budget emphasises Metro rail projects in Kochi, Kozhikode, and Thiruvananthapuram, high-speed rail corridors, the ‘K-Homes’ …
The Budget Session of Parliament resumed on Monday, 10 February 2025, and one of the most anticipated developments is the tabling of the new Income Tax Bill. Cleared by the Union Cabinet last week as per reports, the bill is expected to be introduced in the Lok Sabha soon. Even if it is not presented …
Odisha Chief Minister Mohan Charan Majhi disbursed ₹5,000 each to over 18 lakh women as part of the fourth phase of the Subhadra Yojana. The event took place in the Jajpur district, and a total of ₹900 crore was transferred directly to beneficiaries’ bank accounts through the Direct Benefit Transfer (DBT) system. Nearly 1 Crore …
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps), bringing it down from 6.5% to 6.25%. This move, announced on Friday (February 7, 2025), is likely to make loans, including home and auto loans, more affordable. Borrowers with loans linked to the repo rate are expected to benefit, …
India has reached a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy. This achievement marks a significant step toward realising the nation’s ambitious goal of 500 GW of non-fossil fuel-based energy capacity by 2030, as set by the NDA government. Unprecedented Growth …
In January 2025, Aadhaar holders conducted over 284 crore authentication transactions, underscoring the ongoing growth of India’s digital economy. This reflects the increasing importance of digital systems in the country. Growing Aadhar Authentication Transactions The number of authentication transactions in January 2025 saw a significant growth of more than 32% compared to January 2024, where …
On February 7, 2025, the Reserve Bank of India (RBI) announced a 25-basis point reduction in the repo rate. This decision aims to make borrowing cheaper, which can help boost economic growth. The cut is expected to bring down loan interest rates, benefiting homebuyers and other borrowers. The move comes amid a slowing economy, lower …
The Indian government has allocated a record-high budget of ₹2,703.67 crore for the fisheries sector in 2025-26. This marks a 3.3% increase from last year’s allocation of ₹2,616.44 crore. Out of this, ₹2,465 crore has been set aside for the Pradhan Mantri Matsya Sampada Yojana (PMMSY), which is a 4.8% rise from the previous year’s …
