Business and Finance
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Major Financial and Economic Changes from April 1, 2025: What Gets Expensive, What Gets Cheaper?

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  As the new financial year (FY 2025-26) begins, several key changes are set to take effect from April 1, 2025. These changes will impact tax rules, banking, UPI transactions, GST, motor insurance, loans,

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The article from MSN outlines several significant financial and economic changes set to take place from April 1, 2025, in India. Key changes include an increase in the prices of essential commodities like milk, with Amul and Nandini milk prices going up by Rs 2 per liter. Additionally, there will be a hike in electricity tariffs in states like Karnataka, where the cost per unit will increase by 70 paise. On the other hand, some items will become cheaper; for instance, the price of LPG cylinders will decrease by Rs 200 due to a government subsidy. The cost of petrol and diesel might also see a reduction due to a decrease in excise duty. Furthermore, there will be changes in tax structures, with potential adjustments in income tax slabs and GST rates, affecting both consumers and businesses. These changes aim to balance economic growth with consumer affordability, reflecting the government's strategy to manage inflation and support various sectors of the economy.

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[ https://www.msn.com/en-in/money/topstories/major-financial-and-economic-changes-from-april-1-2025-what-gets-expensive-what-gets-cheaper/ar-AA1C08Tm ]