Navaayugha

Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small taxpayers and gig workers. TDS on dividend income's limit rises from Rs 5,000 to Rs 10,000, and for gig workers from Rs 30,000 to Rs 50,000. Additionally, TCS on remittances under LRS increases from Rs 7 lakh to Rs 10 lakh.

Finance minister Nirmala Sitharaman emphasized India's consistent fiscal discipline despite not securing a rating upgrade from Moody's, which maintained India at “Baa3” with a stable outlook. She highlighted the government's commitment to debt reduction, balancing fiscal prudence, and continued public spending on key sectors.

In the high-profile clash between Hindenburg Research and the Adani Group, the latter is arguably the winner because the combination of financial clout and political power appeared too hard for Hindenburg to overcome

Union minister Suresh Gopi sparked controversy by suggesting that the tribal affairs ministry should be managed by individuals from upper castes. He argued for the appointment of non-tribal leaders to improve tribal welfare, prompting backlash from opposition and tribal leaders for his remarks.

Samajwadi Party MP Awadhesh Prasad condemned the brutal murder of a Dalit girl in Uttar Pradesh, accusing the state government of failing to deliver justice. The girl's mutilated body was discovered in a field, prompting an emotional response from Prasad, who vowed to resign if justice was not served. Police have detained a suspect and formed special investigation teams.

Hundreds of lives could be saved if accident victims get medical treatment in time. A Supreme Court order could be the required push to ensure victims get help in the ‘golden hour’.

Shein has returned to the Indian market through a new app launched by Reliance Retail, focusing on local manufacturing and strict data sovereignty. The move comes as Shein plans a potential London stock market listing and faces increased regulatory scrutiny in Europe.

Finance minister Nirmala Sitharaman presents the Union Budget 2025-26, balancing taxpayer generosity and fiscal prudence. By curbing ambition in asset creation and anticipating substantial personal income growth, the budget pegs the fiscal deficit at 4.4% of GDP and contains the revenue deficit at 1.5% of GDP.