On August 6, 2025, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 5.5%. This decision, made after the latest Monetary Policy Meeting, holds significant implications for borrowers and investors. For Home Loan Borrowers The news is a relief for both existing and prospective homebuyers. For Investors The RBI’s … Read more
Central Government employees and pensioners can likely expect a 3% hike in their Dearness Allowance (DA) and Dearness Relief (DR), effective from July 1, 2025. This increase would raise the DA/DR rate to 58% of their basic salary and pension, respectively. Why the Expected Hike? The main reason for this anticipated increase is the rising … Read more
The Indian government is reportedly planning to amend a controversial provision in the new Income Tax Bill, 2025, bringing significant relief to taxpayers. This move aims to fix a contradiction in the bill regarding tax refunds. The Contradiction Currently, Section 433 of the new I-T Bill states that taxpayers can claim a refund by filing … Read more
