PT 365 Economy | Finance & Taxation Explained in Animation | FRBM, GST 2.0, Income Tax 2025

Описание: Welcome to the second video of the PT 365 Economy series, where we explain the complete *Finance & Taxation* section in a simple, exam-oriented animated format. This video is specially designed for UPSC, State PCS, SSC, Banking, and other competitive exam aspirants who want quick clarity with strong conceptual understanding.

In this video, we begin with the **Fiscal Responsibility and Budget Management (FRBM) Act**, covering its objectives, fiscal targets, transparency issues, and recent observations by the CAG. We then move to the **Indian Tax Structure**, clearly explaining direct and indirect taxes with examples like income tax, corporate tax, GST, customs duty, and excise duty.

Next, we discuss the **Income Tax Act, 2025**, focusing on simplification of tax laws, MAT and AMT provisions, inclusion of virtual digital assets, dispute resolution mechanisms, and international tax treaties. We also cover **recent developments in direct taxation**, including safe harbour rules, advance pricing agreements (APAs), transfer pricing, and securities transaction tax (STT).

The video then dives into *GST reforms (GST 2.0)**, explaining the proposed two-slab structure, relief for common citizens and key sectors, benefits for exporters, easier registration, and improved dispute resolution through GSTAT. Finally, we simplify important economic terms such as **anti-dumping duty, safeguard duty, off-budget borrowing**, and explain the **role of the GST Council* in strengthening cooperative federalism.

This animated explainer gives you a *concise yet complete revision* of Finance & Taxation in one go—perfect for prelims revision and concept building.

📌 Watch till the end for full clarity
📌 Useful for UPSC, PCS, BPSC, UPPCS, SSC, RBI, NABARD & Banking exams
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