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RBI Holds Repo Rate at 5.25% — GDP Forecast Revised to 6.6% for FY27
The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 5.25% in its June 2026 meeting. GDP growth forecast has been revised downward to 6.6% while inflation projection was raised to 5.1%. Governor highlighted global trade uncertainties and their impact on Indian economy.
GST Collections Cross ₹2 Lakh Crore for 3rd Consecutive Month in May 2026
India's GST revenue collection maintained its strong momentum, crossing ₹2 lakh crore for the third straight month in May 2026. The robust collections reflect improved compliance post GST 2.0 implementation and strong economic activity across sectors.
Gold Rate Today: 24K Gold at ₹78,500 per 10 grams — Silver Steady at ₹98,200/kg
Gold prices in India remain elevated with 24K gold trading at ₹78,500 per 10 grams in Delhi. Silver held steady at ₹98,200 per kg. Global gold prices remain above $4,450/oz driven by central bank purchases and geopolitical tensions. Analysts expect gold to test ₹80,000 levels soon.
Sensex Surges 450 Points to 82,450 — Nifty Above 25,100 on Strong Global Cues
Indian equity markets rallied with Sensex gaining 450 points to close at 82,450 while Nifty 50 settled above 25,100. IT and banking stocks led the gains. FII inflows remained positive for the 5th consecutive session, boosted by RBI's rate pause decision.
Income Tax Act 2025 Now Effective — No Tax Up to ₹12 Lakh Under New Regime
The new Income Tax Act 2025, which replaces the 1961 Act, is now effective from April 2026. Key highlights: No income tax on earnings up to ₹12 lakh under the new tax regime, simplified 536 sections, and streamlined ITR filing process. Taxpayers are advised to review their investments and savings plans accordingly.
GST 2.0: New 3-Slab Rate Structure Now Fully Implemented — 375 Items Get Cheaper
The GST 2.0 reforms from the 56th GST Council meeting (September 2025) are now fully implemented. The old 6-slab system has been replaced with 3 slabs: 5%, 18%, and 40%. The 12% slab merged into 5%, and the 28% slab merged into 18%. An estimated 375 goods and services have become cheaper, saving taxpayers approximately ₹2 lakh crore annually.
PPF, NPS, ELSS — Best Tax Saving Investments Under Section 80C for 2026-27
With the new tax regime now default, taxpayers must evaluate whether to opt for old regime deductions or new regime simplicity. Under Section 80C (old regime), PPF offers 7.1% tax-free returns, NPS gives additional ₹50K deduction, and ELSS funds provide market-linked growth with 3-year lock-in. Expert analysis on which option saves more tax in 2026.
US Fed Signals Possible Rate Pause — Impact on Indian Markets & Rupee
The US Federal Reserve signaled a potential pause in rate hikes in its latest FOMC meeting. This development has positive implications for emerging markets including India. The rupee strengthened to ₹95.84 against the dollar. Analysts expect FII inflows to accelerate if the Fed cuts rates later in 2026.
ITR Filing 2026: New Forms, Deadlines & Step-by-Step Guide for Salaried & Business
Income Tax Return filing for AY 2026-27 has begun with simplified forms under the new Income Tax Act 2025. Key deadlines: July 31 for salaried individuals, October 31 for businesses. New features include pre-filled capital gains data, auto-populated bank interest, and Aadhaar-based verification. File early to avoid last-minute rush.
GST Registration Threshold 2026 — Do You Need to Register Your Business?
Under GST 2.0, the registration threshold remains ₹20 lakh for services and ₹40 lakh for goods. However, mandatory registration applies for e-commerce sellers, inter-state suppliers, and casual taxable persons. Check if your business needs GST registration and file returns on time to avoid penalties.
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