WTO chairpersons for 2025

In a post-Trump world, trade gets special focus in budget; govt opens domestic market for some imported vehicles

As US president Donald Trump threatens to impose reciprocal tariffs on its trading partners, potentially upending global commerce, India has placed a significant emphasis on invigorating manufacturing and exports while also opening up the domestic market. As part of the customs duty rejig, the government lowered import tax on a range of products such as...

‘In their last days, our parents changed their will’: They left me $250,000, but gave my sister $1 million. What should I do?

“How many people maintain a relationship with their siblings after their parents died?” Source link

Atmanirbhar Budget for consumption and development: The ABCD of Budget 2025

AIMPWAMarch 14, 2025

Here’s a handy alphabetized list of the key themes that shaped the most important financial document of the year: It can’t be a Budget without annadatas and agriculture, can it? Identifying agriculture as one of the four powerful engines in India’s journey of development (the other three being MSMEs, investment and exports), the Budget unveiled...

Goodbye old tax regime; new regime now more attractive

AIMPWAMarch 14, 2025

Before you pop the champagne, though, there are two points to consider. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. At the same time, the old tax regime does remain relevant in some cases. Second, if your taxable income is...

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

AIMPWAMarch 14, 2025

The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including...