India has maintained its retail inflation target at 4 percent for the Reserve Bank of India. This decision ensures continuity and price stability amidst global economic uncertainties. The framework, set for another five years until March 2031, obligates the RBI to manage monetary policy for price control. This move influences government fiscal measures, aiming for overall economic stability.
Lok Sabha approves Finance Bill, tax rules eased
The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill