The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, has approved a major rationalisation of GST slabs, simplification in rates, and changes aimed at easing tax burden for common goods, while increasing or maintaining rates for luxury / “sin” items. GST Rate Rationalisation: Key Aspects & Impacts 1. Tax Slabs Slashe 2. Effective…
Dr. Manmohan Singh was born on September 26, 1932, in Gah, a village in the Punjab province of British India (now in Pakistan). After the partition, his family migrated to India. A brilliant student, Singh earned his degrees in Economics from Punjab University, followed by a Master’s degree from Cambridge University, and a doctorate from…
The national budget in India, commonly known as the Union Budget, is a comprehensive financial plan that outlines the government’s revenue and expenditure for a fiscal year. The process of deciding the national budget involves several stages and follows a structured timeline. Below is an article that outlines how the national budget in India is…
