Families of men & women on the frontlines, in cockpits, on ships, drone control rooms and forward stations, a nation can never thank you enough.
We stand with our forces and with you ALWAYS. 🇮🇳
Many of you would be wondering why there are tax rates for 4 to 12 Lakh slabs even when @nsitharaman announced 0 tax up to 12 lakhs.
Those tax rates are for Individuals earning more than 12 Lakhs.
For those individuals tax would be calculated as per the Slabs.
#Budget2025
This is concerning:
The 12-week moving average of US bankruptcy filings is now at 17, the highest in 2 years.
This is also in line with the levels seen during the 2020 pandemic and the 2008 Financial Crisis.
In the past, bankruptcies were a leading indicator for US high-yield credit spreads.
This means junk bond spreads may soon begin rising as companies’ ability to repay debt substantially deteriorates.
Moreover, as higher for longer policy is back, the number of bankruptcies will likely accelerate.
We expect more bankruptcies in 2025.