Consumer Spending

U.S. Economy Dips 0.3% in Q1 2025 as Trump Tariffs Shake Business

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U.S. Economy Dips 0.3% in Q1 2025 as Trump Tariffs Shake Business

The U.S. economy contracted by 0.3% in the first quarter of 2025, marking its first decline in three years, according to the Commerce Department’s Bureau of Economic Analysis. The downturn, reported on Wednesday, was driven largely by a record surge in imports as businesses rushed to stockpile goods ahead of President Donald Trump’s aggressive tariff … Read more

New Tax Slabs Unveiled: Major Relief for Middle Class with No Tax on Incomes Up to ₹12 Lakh

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new tax slab

On February 1, 2025, Finance Minister Nirmala Sitharaman unveiled the new income tax slabs in the Union Budget for the fiscal year 2025-26, marking a significant shift aimed at providing relief to taxpayers across various income brackets. Here’s a detailed report on the new tax slabs, their implications for common people, and their broader economic … Read more