Now would be a good time for the govt to revisit the sovereign bonds sale as the corporate tax cut sent the benchmark bond yield surging the most since February 2017.
Senior Congress leader Jairam Ramesh questioned the timing of the announcement, and said the corporate tax cuts was being dictated by the #HowdyModi event.
The effective tax rate will now be 25.17% & 17.01% for existing companies and new manufacturing firms, respectively, provided they don’t claim any exemption under I-T Act.
The govt's decision to not levy the enhanced surcharge on capital gains and to slash corporate tax pushed markets in the green, with the broader Nifty also rising 362.95 points.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
There it goes again but dumb is dumb. Well,keep on deleting US, Indian tax refunds are not all the same . Majority of them are NOT discretionary income in India.. Some how the FM, with no economics background, sees supply over demand in a country with 75% capacity utilization.
There it goes again but dumb is dumb. Well,keep on deleting US, Indian tax refunds are not all the same . Majority of them are NOT discretionary income in India.. Some how the FM, with no economics background, sees supply over demand in a country with 75% capacity utilization.