Year Ender 2025: From Income Tax to GST, those 5 big economic changes of the year; who gave relief to the common man

Year Ender 2025: The year 2025 will not be just a year of figures for the Indian economy, but it will also be a year of ‘common man’s pocket’. Proved to be a year of strengthening. Despite global uncertainties, the Government of India and the Reserve Bank of India (RBI) made several major policy changes this year, which directly benefited the middle class and employed people. As we bid farewell to 2025, let’s take a look at 5 big economic changes that positively impacted the way you save and spend.

1. Big discount in income tax

Budget 2025-26 gave the biggest gift to the taxpayers. To make the new tax regime more attractive, the government increased the standard deduction limit from ₹50,000 to ₹75,000. Additionally, thanks to the changes made in the tax slabs, individuals with annual income up to ₹8 lakh will get ‘zero tax’ Was brought within the scope of. This left more disposable income in the hands of crores of employed youth and middle class families.

2. Things became cheaper due to GST cut

The GST Council this year has announced ‘common man’s plate’. and ‘household budget’ Keeping this in mind, many important decisions were taken. GST rates on pulses, packaged milk products and select home appliances (such as low-power air coolers and hybrid bicycles) were reduced from 12% to 5% in 2025. Additionally, partial relief was also given to the long-standing demand of removing or reducing GST on life and health insurance premiums, thereby making insurance affordable.

3. Loan becomes cheaper due to softening of interest rates

As soon as the Reserve Bank of India (RBI) got control over inflation, it cut the **Repo Rate** by 50 basis points in the second half of 2025. After this step, banks reduced the interest rates on their home loans and car loans. This year brought great relief for those who were burdened with heavy EMIs. This year also proved to be a dream come true for new home buyers as home loan rates reached their lowest level in the last three years.

4. Stability in LPG and energy prices

Despite the fluctuations in crude oil prices in the international market, the government has created ‘Energy Stabilization Fund’ to keep the prices of domestic gas (LPG) and petrol-diesel under control. Used effectively. The subsidy amount for the beneficiaries of Ujjwala Yojana was increased in 2025, which reduced the cost of kitchen in rural areas. Also, the extension of subsidy on electric vehicles (EV) (FAME-III) helped the general public to move towards alternatives to expensive petrol and diesel.

Also read: Year Ender 2025: From Swiggy to Jio; Those 5 biggest IPOs of 2025, which gave better returns

5. Control on digital transactions and banking charges

To promote Digital India, NPCI and the government gave big relief to small traders and customers this year. less than ₹2,000 digital payment Along with complete abolition of the Merchant Discount Rate (MDR) imposed by banks, the ‘minimum balance penalty’ But RBI issued strict guidelines. Now it has become difficult for banks to impose heavy penalties on small accounts, which has brought relief to crores of account holders from the lower income group.