Budget 2025 – New Tax Regime Boosts Savings, Cuts Compliance
Finance Minister Nirmala Sitharaman’s Budget 2025 introduces a revamped income tax regime, offering significant relief to middle-income earners. Under the revised structure, annual income up to ₹12 lakh is now tax-free, with an effective exemption of ₹12.75 lakh for salaried individuals, factoring in the ₹75,000 standard deduction. The new tax
Budget 2025: Will Income Tax Slabs and Deductions Change?
As Finance Minister Nirmala Sitharaman gears up to present her second full-fledged budget under the Modi 3.0 regime on February 1, taxpayers are eagerly awaiting significant reforms in personal taxation. Amid economic challenges, expectations are high for a revamped Direct Tax Code 2025, aimed at simplifying tax rates, eliminating outdated
Nirmala Sitharaman to Present 8th Consecutive Union Budget
Finance Minister Nirmala Sitharaman will present the first full Union Budget of PM Narendra Modi’s third term today, marking her record 8th consecutive Budget. The Budget comes amid global uncertainties, including slowing economic growth, US President Donald Trump’s tariff threats, and AI advancements reshaping industries. Tax relief for the middle
MoneyTree Partners Accenting the Art of Financial Planning
MoneyTree Partners, founded in 2014, stands as a premier wealth advisory firm headquartered in New Delhi, India. With a sharp focus on comprehensive financial planning, the firm delivers a diverse suite of services, including mutual fund and bond investments, along with tailored insurance solutions such as term plans and health
Budget Needs to Align with India’s Growth Momentum
Ahead of the Union Budget, the Institute of Chartered Accountants of India (ICAI) hosts the World Forum of Accountants (WOFA) on January 31st, February 1st, and 2nd, 2025, at Yashobhoomi, New Delhi. Themed “Accountability Meets Innovation (AI): For a Sustainable Planet,” the forum will explore AI-driven strategies to combat climate
Indian Economy to Grow 6.3-6.8% in FY26: Economic Survey
India’s economy is projected to grow between 6.3% and 6.8% in FY 2025-26, according to the Economic Survey 2024-25, presented in Parliament today by Finance Minister Nirmala Sitharaman. The survey highlights strong domestic fundamentals, declining unemployment, and stable inflation, while emphasizing the need for continued reforms to sustain growth. Despite
Trump Threatens BRICS With 100% Tariffs Over De-Dollarisation
U.S. President Donald Trump on Friday issued a stern warning to BRICS nations, threatening 100% tariffs on their exports if they attempt to replace the U.S. dollar as the dominant currency in global trade. “The idea that the BRICS countries are trying to move away from the dollar, while we
Parliament’s Budget Session Begins; Economic Survey Today
The Budget Session of Parliament begins today with President Droupadi Murmu addressing the joint sitting of Lok Sabha and Rajya Sabha. Following her speech, Finance Minister Nirmala Sitharaman will table the Economic Survey 2024-25, prepared by Chief Economic Adviser V Anantha Nageswaran’s team, outlining the economy’s performance and future roadmap.
Trump Blames Diversity Hiring for Air Disaster
President Donald Trump addressed the nation Thursday in the wake of a major U.S. air disaster, offering condolences before quickly pivoting to blame diversity hiring practices in the Federal Aviation Administration (FAA). Without citing evidence, Trump suggested that lower hiring standards under Presidents Joe Biden and Barack Obama contributed to
Optimizing Accounting Practices to Steer India’s $30T Vision
Global accounting standards, particularly the International Financial Reporting Standards (IFRS), drive consistency and transparency in financial reporting. Australia and India have integrated IFRS to varying extents, reflecting their unique economic and regulatory frameworks. Australia enforces full IFRS compliance through the Australian Accounting Standards Board (AASB), ensuring seamless alignment with global