Tax Cuts, Terror Doctrine, GST Overhaul: Modi Govt's Big 2025 Decisions

India
M
Moneycontrol•20-12-2025, 13:03
Tax Cuts, Terror Doctrine, GST Overhaul: Modi Govt's Big 2025 Decisions
- •No income tax on annual income up to Rs 12 lakh under the New Tax Regime, providing significant relief to middle-class taxpayers.
- •India redefined its policy against terrorism, declaring any attack on Indian soil as an act of war, backed by PM Modi and Defence Minister Rajnath Singh.
- •Major GST 2.0 reforms scrapped 12% and 28% slabs, reducing rates on various products and services to ease consumer burden and support manufacturing.
- •Key economic and social reforms include Export Promotion Mission (EPM), 100% FDI in insurance, SHANTI Bill for private nuclear participation, and Pradhan Mantri Dhan Dhaanya Krishi Yojana (PMDDKY) for farmers.
- •Future-focused initiatives approved: Census 2027, National Sports Policy 2025 (Khelo Bharat Niti – 2025), and Terms of Reference for the 8th Central Pay Commission.
Why It Matters: Modi government's 2025 decisions brought significant changes in tax, terror policy, and economic reforms.
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