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The Income-Tax Bill, 2025 will replace the six-decade-old Income Tax Act, 1961
Updated : Feb 12, 2025

Income-Tax Bill 2025 vs Direct Tax Code proposals: How are they different

Digital economy taxation is another major update — while the DTC lacked specific provisions, the new bill introduces taxation for crypto-assets and digital transactions.

CEA Nageswaran says no country has become developed without a vibrant SME sector
Updated : Feb 12, 2025

No country has reached a developed status without having a vibrant SME sector: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran also said that with the trend of globalisation behind us, we must extract maximum possible growth from domestic sources such as enterprises and households by encouraging economic activity and reducing unnecessary regulations.

New Income Tax Bill to come into effect from April 2026
Updated : Feb 12, 2025

Govt to replace 1961 Income Tax Law with New Income Tax Bill from April 2026

The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, taxpayers can still opt for the old tax regime if they choose.

FM Sitharaman replaces 'assessment year' with 'tax year' in New Income Tax Bill 2025
Updated : Feb 12, 2025


New Income Tax Bill 2025 will simplify ‘tax year’ definition

New Income Tax Bill 2025: One of the key updates is the replacement of the term "assessment year" with "tax year”, aiming to simplify taxpayer understanding.

According to sources, India may be willing to cut tariffs on more imports from the US, but for now, hopes are pinned on PM Narendra Modi's meeting with US President Donald Trump.
Updated : Feb 11, 2025

Trump tariffs: India remains on wait-and-watch mode ahead of PM Modi meet with US President

Willing to cut tariff on more items but officials point rationalisation carried out in Budget 2025.

Higher disposable income and lowering of financing costs stand to benefit homebuyers and developers alike.  
Updated : Feb 08, 2025

RBI rate cut to bolster economic growth, boost real estate: Realtors

As the MPC announced the repo rate to be cut to 6.25%, after holding it at 6.5% for several quarters, stakeholders of the real estate sector cheered the move - anticipating a rise in demand for residential homes in the coming months. 

The finance minister underlined that coordination between the RBI and the government is always required and underlined that this also helped the Indian economy to not be impacted by the Covid 19 pandemic.
Updated : Feb 08, 2025

FM: Fiscal and monetary policies should working in coordination on growth, inflation

RBI Governor says remains watchful on all factors affecting inflation, rupee depreciation due to global uncertainty

Union minister Ashwini Vaishnaw
Updated : Feb 07, 2025

Cabinet gives nod to Skill India Programme with Rs 8,800 cr outlay; details here

The Pradhan Mantri Kaushal Vikas Yojana 4.0 (PMKVY 4.0), the Pradhan Mantri National Apprenticeship Promotion Scheme (PM-NAPS), and the Jan Shikshan Sansthan (JSS) Scheme have been consolidated under the composite Central Sector Scheme of Skill India Programme.

This was the first RBI monetary policy committee meeting with Sanjay Malhotra as the central bank governor.
Updated : Feb 07, 2025

RBI MPC meeting: Inflation to ease to 4.2% in FY26, says central bank

The Reserve Bank of India (RBI) Friday forecasted inflation to ease to 4.2 per cent in the upcoming financial year, buoyed by favourable conditions such as good crop production and ease in vegetable prices.

RBI MPC meet: Governor Malhotra projects GDP to grow at 6.7% in FY26
Updated : Feb 07, 2025

RBI Monetary Policy Meeting: Gov Malhotra projects GDP growth rate for FY26 to be 6.7%

RBI MPC Meet:  Economic activity is expected to improve, the agriculture sector remains upbeat, and manufacturing is expected to improve gradually, said Governor Malhotra. Rural demand is on an uptrend but urban demand remains subdued. 

This was the first RBI monetary policy committee meeting with Sanjay Malhotra as the central bank governor.
Updated : Feb 07, 2025

RBI MPC meeting: Central bank cuts repo rate to 6.25%, says Governor Sanjay Malhotra

The decision was taken on a unanimous basis. The MPC committee decided to maintain a neutral stance.

FPIs remained net sellers in January 2025, as the Trump trade effect drove capital away from emerging markets, like India.
Updated : Feb 06, 2025

'Rupee is weakening mostly speculative...': Deepak Shenoy on FPI equities sell-off in January

Indian stocks saw a four-month downward trend, marking their worst performance in 23 years. This decline can be attributed to factors such as poor earnings, foreign capital outflows, and economic uncertainty.

January car sales: PV, CV and two-wheeler sales increase, says FADA
Updated : Feb 06, 2025

Auto sales grew 6.6%, PV sales grew 15.53% year-on-year in January: FADA

Passenger vehicle sales also exhibited significant growth, rising by 15.53% year-on-year and 58.77% month-on-month, partly due to December purchases registered in January.

Commerce minister Piysuh Goyal at the India Today-Business Today Budget Round Table 2025.
Updated : Feb 04, 2025

IT-BT Budget Round Table 2025: 'Don’t see any cause for worry', says Piyush Goyal on Trump’s tariff war

With PM Narendra Modi and President Donald Trump having a personal equation, India need not worry yet about the US President’s tariff plans, Commerce Minister Piysuh Goyal said.

Commerce and Industry Minister Piyush Goyal
Updated : Feb 04, 2025

'Rupee depreciation is bad, but India fares better than peers': Piyush Goyal at IT-BT Budget Round Table 2025

Piyush Goyal noted that while many currencies have seen sharp declines, the rupee’s depreciation has been relatively modest. 

India’s approach to BRICS remains measured and pragmatic, leveraging the platform to amplify Global South interests while maintaining Western alliances like QUAD.
Updated : Feb 04, 2025

Piyush Goyal on BRICS: ‘Imagine sharing a currency with China? Impossible to think'

This stance aligns with India’s broader strategy within BRICS, where it balances engagement with the Global South while safeguarding its economic ties with the United States.

Experts said this rise in deposits is crucial for sustaining credit growth, which fuels business expansion and economic momentum.
Updated : Feb 04, 2025

IT-BT Budget Round Table 2025: 'Likely to get a bump of Rs 40,000-Rs 45,000 crore in deposits'

Ajay Seth, Secretary, Department of Economic Affairs (DEA), said rather than promoting specific savings instruments, the government believes in empowering individuals to make their own choices.

Tax experts decode tax reforms at BudgetRoundtable2025
Updated : Feb 04, 2025

IT-BT Budget Round Table 2025: Unprecedented budget tax reliefs to help 99% of tax payers, say experts

Migration to the new tax regime to gain further pace; new IT Act to ease tax filing and compliance, they say at India Today-Business Today Budget Roundtable 2025

Notably, when asked if the budget is non-inflationary, Abheek Barua, former chief economist of HDFC Bank, said that the budget will likely be slightly inflationary for some consumer products.
Updated : Feb 04, 2025

IT-BT Budget Round Table 2025: Experts say Budget will have multiplier effect on economy

According to economists, Budget 2025 is likely to spur demand by increasing private investments

Chidambaram also noted a reduction in capital expenditure, stating, "Centre and state capex have declined by Rs1.84 lakh crore. The Rural Development Ministry alone has seen a Rs72,000 crore cut."
Updated : Feb 04, 2025

IT-BT Budget Round Table 2025: GST cut will benefit everyone, put money in every pocket: P Chidambaram

"I welcome it, but I think the masses deserve money in their hands. That means GST should have been cut, or taxes on petrol and diesel should have been reduced," said Chidambaram.

Finance and Revenue Secretary Tuhin Kanta Pandey
Updated : Feb 04, 2025

IT-BT Budget Round Table 2025: India concerned about deceleration in global growth, but has to be prepared, says Finance Secretary

Says Budget is non inflationary, Want animal spirits of private sector to be rejuvenated

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