The Nifty FMCG index is trading with gains of 4% on Saturday, February 1, marking their biggest single-day gain since June 2024. As many as 14 out of the 15 index constituents are trading with gains today. Company Value Change %Change Stocks like Godrej Consumer Products Ltd, Varun Beverages, United Spirits, Hindustan Unilever, Colgate-Palmolive (India), […]
Budget 2025: Nearly six months after income tax cuts, India’s middle class is no better off – CNBC TV18
Finance minister Nirmala Sitharaman widened the slab for zero income tax and increased the standard deduction for all taxpayers in the July 2024 Budget. The move was aimed at leaving more money on the table for consumption. Nearly six months later, India’s middle and lower-income households are spending less even on essentials. Company Value Change […]
Sweden will cut income tax now that inflation has been tamed – CNBC TV18
Sweden’s government will cut income taxes in 2025 in a boost for households that have seen their purchasing power eroded by rising prices and borrowing costs. The measure in next year’s budget will cost about 13.5 billion kronor ($1.31 billion), with another 4.4 billion set aside to make some savings in stocks and mutual funds […]