Diwali cheer: How cuts in tax, GST & repo rate have fattened your wallet – explained

Diwali brings increased disposable income due to government’s income tax and GST rate cuts, alongside the RBI’s repo rate reduction. These measures collectively put over Rs 1.5 lakh more in the hands of individuals at certain income levels, boosting purchasing power and making this festive season more prosperous. Diwali brings increased disposable income due to government’s income tax and GST rate cuts, alongside the RBI’s repo rate reduction. These measures collectively put over Rs 1.5 lakh more in the hands of individuals at certain income levels, boosting purchasing power and making this festive season more prosperous.