Top 10 biz headlines: Lower tax rates, LIC listing may take a year and more

From new tax regime proposed in the Budget to falling states' share in central tax pool, here are the top 10 business headlines for the day

FM Nirmala Sitharaman's Budget goal: Lower rates, simple structure

Finance Minister Nirmala Sitharaman on Sunday said the new tax regime proposed in her second Budget would ultimately lead to lower rates with simple structure. Dismissing criticism that the new regime would not be largely beneficial to the assessees, she said, “eventually this should lead to a system where people are taxed at the lowest possible rate and are given a simple system. I am starting a scheme, which will eventually end there. For this, I’m not forcing people.”  Read More

Companies likely to change dividend tax policy after