economy

  • India’s Defence Budget 2024, Highlights and Comparison with China

    In a bid to strengthen its military capabilities and infrastructure, India has significantly increased its defence budget for the fiscal year 2024-25. The allocation of ₹6.21 lakh crore (approximately US $75 billion) marks a substantial rise from the previous year’s...

    Published On July 25th, 2024
  • New Tax Regime vs Old Tax Regime Slabs

    The "New Tax Regime" and "Old Tax Regime" refer to two different systems of income tax calculation in India. Under the old tax regime, taxpayers could claim various deductions and exemptions under the Income Tax Act, of 1961 while the...

    Published On July 25th, 2024
  • Capital Gain Tax, Key Changes in Budget 2024 and Indexation

    Investors often focus on the returns from their investments, but understanding the tax implications of those returns is equally important. Capital gain tax, which applies to the profit earned from the sale of assets, comes in two forms: long-term capital...

    Published On July 25th, 2024
  • What is Angel Tax? Key Features and Abolition of Angel Tax

    Finance Minister Nirmala Sitharman scrapped the angel tax in a bid to strengthen the startup ecosystem and to support innovation in the country. Know all about Angel tax in this article. What is Angel Tax? The angel tax, formally known...

    Published On July 24th, 2024
  • Union Budget 2024 Interim, Highlights, Budget Key Features

    Union Budget 2024 Today, Union Finance Minister Nirmala Sitharaman is poised to present the Interim Budget for the The Interim Budget for 2024-25 was presented by Finance Minister Ms. Nirmala Sitharaman on February 1, 2024. This budget will fund the...

    Published On July 24th, 2024
  • Gig Economy in India, Regulation for Gig Workers

    Context: The Karnataka government plans to introduce a bill aimed at improving the welfare of gig workers. What is the Gig Economy? The gig economy refers to a free market system in which temporary positions are commonly characterised by the...

    Published On July 23rd, 2024
  • Micro, Small and Medium Enterprises (MSME)

    Context: The Economic Survey highlighted areas for MSME growth. Micro, Small and Medium Enterprises (MSME) Regulatory Framework: MSMEs are regulated under the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. Governing Body: The Ministry of MSME manages MSMEs in...

    Published On July 23rd, 2024
  • Focus on Female Employment to Counter Unemployment

    Context: The India Employment Report (IER) 2024 highlights a complex employment scenario with rising unemployment rates. It was published by the Institute for Human Development and the International Labour Organization. India Employment Report (IER) 2024: Key Findings Unemployment Rate: Increased...

    Published On July 22nd, 2024
  • SEBI’s Proposed New Asset Class for High Risk Takers

    Context: Securities and Exchange Board of India (SEBI) proposed to introduce a new asset class or product category to bridge the gap between mutual funds (MFs) and portfolio management services (PMS). What is New Asset Class? Objective: This new category...

    Published On July 19th, 2024
  • Trade Of India: India’s total exports estimated to grow at 5.40% in June 2024

    Context: The Ministry of Commerce released quick trade estimates. Insights of Trade Of India 2023-24 Exports: Total Exports: Total merchandise and services exports reached a record high of $200.3 billion in the Q1 of 2024-25. Merchandise Export: Rising by 2.55%...

    Published On July 17th, 2024