Budget 2025 tightens tax rules for NRIs: What Indian students and professionals abroad must brace for

Indian Students Abroad Face New Tax Scrutiny Under Budget 2025 Changes. (Representative Image) The Union Budget 2025, while focused on accelerating domestic growth and fiscal consolidation, also signals a more stringent tax regime for Non-Resident Indians (NRIs), including students and young professionals abroad. As the government moves to strengthen regulatory oversight and clamp down on…

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FM Sitharaman increases defence budget 2025-26 to ₹6.81 lakh crore

The government announced a defence budget of ₹6,81,210 crore for 2025-26, an increase of 9.5% from the previous year’s ₹6,21,940 crore. The capital outlay is ₹1,92,387 crore, while the revenue expenditure is ₹4,88,822 crore, which includes ₹1,60,795 crore for pensions. In terms of capital expenditure, ₹48,614 crore has been allocated for aircraft and aero engines, and…

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Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest | Australian economy

The Reserve Bank of Australia is designed to be independent of government, but that does not mean its decisions do not have political consequences. After Wednesday’s better-than-expected inflation reading, there is now broad consensus among economists that the RBA will cut interest rates next month. While the treasurer, Jim Chalmers, has repeatedly said he would…

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