Get ready for a whirlwind tour of India's financial scene! From export surges to tax reforms and real estate booms, we'll unpack the latest news, keeping the 'desi' perspective in mind. Grab a chai and let's dive in!
Trade & Trends
India's exports rose by 7.3% to $37.24 billion in July, while imports also saw an 8.6% rise. This indicates a dynamic trade scenario. The article also discusses the easing of urea export curbs by China, signaling potential shifts in international relations. Keep an eye out for future developments.
Tax Bill Buzz
The new Income Tax Bill 2025 has been introduced in the Lok Sabha, triggering several discussions. Key changes include revised house property income rules and clarifications on ITR filing. The article stresses that small taxpayers aren't exempt under the new bill. Stay updated on the changes!
Market Movers
The Sensex showed marginal gains, and the Nifty held steady. The office leasing in India hit record highs. The equity mutual fund inflows surged by 28% to Rs 42,702 crore in July. Also, the RBI Governor has commented on ICICI Bank's minimum balance requirements, stirring conversations among Indian consumers.
Real Estate Boom
India's housing market continues to boom, with property prices almost doubling since 2021. The Delhi-NCR and Mumbai markets are also experiencing strong growth. Indian millennials view real estate as a top investment. Also, experts foresee positive impacts on realty from the UER-II inauguration.
Investment Insights
The article presents insights on topics like ELSS funds with up to 28% returns, gold rates, and the risks associated with NRIs investing in Indian real estate. Comparisons of minimum balance rules across different banks and the implications of the new tax regime are also discussed to aid in informed financial decisions.
