Corporate tax cut provides relief to our slowing economic engine, but Modi government must prepare a roadmap of how it can bridge the associated revenue loss.
The move to maintain the borrowing plan will be seen as a positive for bonds, after a cut in corporate tax rates stoked concerns in shortfall in revenue.
After Finance Minister Nirmala Sitharaman announced cuts in corporate tax from 30 per cent to 22 per cent last week, the stock market (Nifty and Sensex) has seen a 3 per cent jump.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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