The Indian government is considering lowering personal tax rates for certain categories of individuals, which could help boost consumption in Asia’s third-largest economy, a report by news agency Reuters said, citing two government sources.
The plan could be announced in July when Prime Minister Narendra Modi’s government presents the first federal budget after his Bharatiya Janata Party (BJP) failed to win a majority on its own.
A post-poll survey showed that voters were worried about inflation, unemployment, and decreasing incomes.
While the Indian economy grew at a world-beating 8.2% in 2023-24, consumption has grown at half that pace.
Diese Geschichte stammt aus der June 18, 2024-Ausgabe von The Free Press Journal.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 18, 2024-Ausgabe von The Free Press Journal.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Hungry lions on the prowl for ICC trophy
Rohit Sharma-led India and Aiden Markram’s South Africa would be desperate to end their title drought
Ukrainian drone sets Russian oil depot ablaze
A Ukrainian drone set an oil depot in the central Tambov region ablaze early Friday, regional authorities said.
BIDEN STUMBLES IN DEBATE
Alarm bells ring among top Democrats about whether incumbent can stay on top in the months ahead
Chhattisgarh CM for eradication of Naxalism
Government in Action | Forward Steps on Naxalism
TN adopts resolution calling for nationwide abolition of med test
With the NEET mired in controversy, the Tamil Nadu Assembly on Friday unanimously adopted a resolution moved by Chief Minister MK Stalin, calling for a nationwide abolition of the entrance test for medical admissions.
India trashes US report as biased
RELIGIOUS FREEDOM | It selectively picked incidents to advance a ‘preconceived narrative’
Untidy scenes over NEET
DIN IN HOUSE | Adjournments, uproar over Dhankhar’s no to NEET discussion as Kharge steps into well, Phulo Devi faints
After Jio, Airtel and Vodafone announce hike in mobile tariffs
Bharti Airtel on Friday announced a 10-21 per cent hike in prepaid and postpaid mobile tariffs, a day after larger rival Reliance Jio announced an increase in rates.
Govt's gross liabilities rise to ₹171.78L cr at March-end
“During Q4, yield on Indian domestic bond softened on account of lower than anticipated borrowing plan announced in interim budget”
Mkts snap 4-day winning streak amid profit booking
Investors book profit in banking, finance and tech stocks
