Practice • Improve • Repeat
Tax reforms, fiscal discipline, and steady growth have a direct impact on how the world sees India’s creditworthiness. In August 2025, S&P recognised this in a way India had not seen in nearly two decades. On 14 August 2025, S&P Global Ratings upgraded India’s long term sovereign credit rating from BBB minus to BBB with … Read more
Direct tax reform sets the tone, but every consumer in India also pays GST every single day. The 56th GST Council Meeting on 3 September 2025 gave us GST 2.0. If you have followed Indian indirect taxation since 2017, you know that the four slab structure of 5, 12, 18, and 28 percent created endless … Read more
The Budget 2025-26 set the stage for a much bigger change in direct taxation. The Income Tax Act of 1961 is finally being replaced after more than six decades. The Income Tax Act of 1961 grew so complicated over the years that even seasoned chartered accountants needed flowcharts to interpret it. The New Income Tax … Read more
Welcome to our priority series for ISS aspirants. We begin with the most foundational document of the year, the one that shapes almost every Economy answer you write in the exam. Every February, the Union Budget becomes the single most important reference for any Indian Statistical Service aspirant. The Budget 2025-26 is no different. It … Read more