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Syllabus: GS-2: Indian Constitution , Government Policies & Interventions GS-3: Growth & Development , Planning ,Government Budgeting , Fiscal Policy , Inclusive Growth Focus: The Union Budget for FY 2025-26 announced a massive Rs 1 lakh crore tax relief for income taxpayers. The expectation is that this tax relief will boost consumption demand and push …
Read MoreWhy in the news? The Union Budget for 2025-26 focuses on growth with increased capital expenditure, but concerns arise over falling tax revenues, AI infrastructure needs, and a shift from fiscal deficit to debt-GDP ratio, reducing transparency. Union Budget 2025-26: Key Takeaways Positive Aspects: GDP Growth Projections: Nominal GDP growth for 2025-26 is estimated at …
Read MoreWhy in the news? The Union Budget 2025 raised the Nil Tax Slab to ₹12 lakh, offering tax-free income up to ₹12.75 lakh for salaried individuals, along with new tax slabs to reduce the financial burden on taxpayers. Key Highlights: Finance Minister Nirmala Sitharaman presented the first full-fledged budget of the NDA government’s third term …
Read MoreWhy in the news? The upcoming Union Budget for FY2025-26 highlights newly launched schemes with significant funding and others with reduced allocations. Key sectors like AI, renewable energy, and electric mobility are expected to receive substantial financial support in the budget. Recently Launched Schemes (2024-25 Allocations): Solar Rooftop Installation Scheme: ₹6,250 crore for promoting solar …
Read MoreSyllabus: GS-3: Growth & Development , Fiscal Policy Focus: The Indian government faces an economic slowdown, with private consumption and investment stagnating despite efforts like capital expenditure. The upcoming 2025 Budget is seen as a crucial opportunity to shift fiscal priorities toward social welfare and employment generation to stimulate economic recovery. Understanding the Growth Decline: …
Read MoreWhy in the News? The National Statistical Office (NSO) released the first advance estimates for GDP for the financial year 2024-25 on January 7. India’s economy is projected to witness a year-on-year (YoY) slowdown in GDP growth: Growth rate for 2023-24: 2% Expected growth rate for 2024-25: 4% The YoY decline may not fully reflect …
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