The Monetary Policy Committee has unanimously decided to cut the key rate by 25 bps from 6.5% to 6.25%, said RBI Governor Sanjay Malhotra adding, “The Indian economy is not immune to global headwinds, but it remains strong and resilient.”
Nasscom lauded Budget 2025-26 for fostering entrepreneurship, simplifying taxation, and government’s focus on business-friendly policies, while acknowledging its commitment to positioning India as a global leader.
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Sitharaman said that the new tax deduction slabs are introduced to “substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment.”
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Expectations of relief on income tax, particularly for lower middle class, is high after Prime Minister Narendra Modi invoked goddess of wealth for elevating poor and middle class.
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The uphill task before the Finance Minister and her team would be to bolster growth without sacrificing fiscal prudence. The government is also expected to stick to the fiscal glide path of reducing the fiscal deficit to below 4.5% of Gross Domestic Product (GDP) in FY26 amidst various headwinds.
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The report highlighted disparities in women's health caused by gaps in data, funding, guidelines, and delivery systems, and outlined five actions to address these imbalances to unlock greater health equity.
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India's advocacy for and pursuit of developmental templates where technology serves as a bridge rather than a barrier are highly relevant and the Forum is proud to act as its partner in shaping a more human-centric, planet-friendly and resilient future, the foreword of the report said.
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