On January 16, 2025, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the creation of the 8th Pay Commission to review the salaries of nearly 50 lakh central government employees and allowances for 65 lakh pensioners. Recommendation by National Council The National Council of Joint Consultative Machinery (JCM) Staff Side has submitted its …
The 2025 Budget has revised the income tax structure, increasing the exemption threshold to ₹12 lakh. For salaried individuals, this rises to ₹12.75 lakh with the standard deduction of ₹75,000. These adjustments alter tax liabilities compared to the 2024 framework, making the new regime more advantageous for certain income brackets. Comparing the New and Old …
Personal loans are a great way to acquire a large sum of money in a short span and then pay it off in small monthly instalments. It may be used to pay for your dream wedding, shifting houses, expected medical bills, paying off debt, or any other personal reason. It is different from a home …
The Union government has decided to discontinue the Sovereign Gold Bond (SGB) scheme due to the high costs associated with borrowing. Finance Minister Nirmala Sitharaman confirmed this decision at a press briefing following the Union Budget announcement on February 1. Launched in 2015 as part of the Gold Monetisation scheme to reduce gold imports, the …
In today’s digital era, obtaining an instant personal loan has become more accessible, especially with the Aadhaar card serving as a primary document for verification. Many lenders offer quick loans with minimal paperwork, making it a convenient option during financial emergencies. While an Aadhaar card simplifies the process, some lenders may still require additional documents …
Purchasing the first house is a milestone for many. That feeling of being a homeowner from your own hard-earned money is surreal. Everything seems to be on track and the future looks bright…until you’re burdened with the monthly EMIs and are unable to pay back the bank. The pandemic of 2020 led many loan takers …
With the rise of online shopping, fraudulent delivery scams have become increasingly common. A new scam involving fake calls from individuals posing as Blue Dart executives has emerged, tricking unsuspecting people into compromising their financial and personal security. Understanding how this scam operates and taking preventive measures is essential to avoid falling victim to such …
Central government employees and pensioners had high hopes that Finance Minister Nirmala Sitharaman would announce the roadmap for the 8th Pay Commission in her Union Budget 2025 speech. However, the budget did not mention the new pay commission or allocate funds for its implementation, pushing expectations to the next financial year. Formation of the 8th …
Finance Minister Nirmala Sitharaman, in the Union Budget 2025, announced reductions in customs duties on several imported goods, making them more affordable for Indian consumers. The changes will lower the prices of luxury items, household essentials, and even green energy products. However, some electronic goods will see higher duties. Luxury Jewelry Gets Cheaper Buying imported …
The Union Budget 2025 has brought forward several transformative measures to boost the growth and access to credit for Micro, Small, and Medium Enterprises (MSMEs) in India. One major initiative is the doubling of the credit guarantee limit for MSMEs from ₹5 crore to ₹10 crore. Additionally, the Finance Minister raised the turnover and investment …
