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Starting April 1, 2025, changes in income tax slabs, UPI rules, and TDS thresholds will take effect. The highest tax rate of 30% applies to income above Rs 24 lakh. TDS thresholds for interest income have been increased. The Unified Pension Scheme begins and existing small savings scheme rates remain unchanged.
Poonam Gupta, Director General of NCAER, has been appointed as Deputy Governor of the RBI for a three-year term. The position was vacant since January after M.D. Patra's tenure ended. Gupta brings extensive experience in economic policy, having worked at the IMF and World Bank, and holding academic roles at prestigious institutions.
Samir Arora of Helios Capital suggests that the Indian stock market faces greater risk from a potential US economic downturn prompted by Trump's tariffs rather than direct tariffs on India. Arora underscores how US market instability could affect various sectors, including Indian IT, and investor trends.
Gold prices in New Delhi stayed steady at their record Rs 94,150 per 10 grams amid concerns over potential US reciprocal tariffs on nations with trade deficits, including India. Silver prices decreased to Rs 1,01,500 per kg. Global spot gold saw a marginal increase, while silver prices also rose slightly during Asian market hours.
Tesla experienced a 13% decline in sales in the first quarter of 2025, with global deliveries dropping to 336,681 units. The decrease is due to an aging vehicle line-up, growing competition, and backlash from CEO Elon Musk's political stance. Incentives offered were insufficient to meet analysts' expectations of 408,000 deliveries.
President Donald Trump has made reciprocal tariffs a cornerstone of his trade policy, framing them as part of his broader “America First” agenda. On April 2, 2025, Trump officially unveiled his reciprocal tariff plan, calling it a necessary step to combat what he describes as decades of unfair trade practices by foreign nations. He declared the day “Liberation Day for American Trade,” signaling his administration’s commitment to leveling the playing field for U.S. businesses.
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2025/04/04 13:43:28
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