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TAX CUTS OFFER TEMPORARY RELIEF BUT CANNOT ENSURE SUSTAINED CAPITAL INFLOWS Syllabus: GS-3: Indian Economy – Growth and Development, Capital Market, Balance of Payments, External Sector and Government Budgeting Why in the News? Rupee Pressure: The Reserve Bank of India (RBI) is exploring measures to support the rupee and manage external sector pressures. Tax Debate: …
Read MoreTrump’s Tax Plan May Hurt the Poor Why in the News? The U.S. Congress is debating President Trump’s new tax and spending bill, which includes tax breaks on tips. However, analysts warn that low-income Americans may face a net income loss due to social program cuts. The Trump tax plan, proposed by the GOP (Republican …
Read MoreTrump-Aligned Republicans Push Sweeping New Tax Plan Why in the News? Republicans in the US House have unveiled a massive new tax bill, closely aligned with Donald Trump’s economic vision, featuring $5 trillion in tax cuts, MAGA savings accounts, and changes to Medicaid and green energy policies. Key Features of the Tax Bill: The bill …
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