Business Standard

Let's dwell on brighter notes

Businesses have offered attractive discounts to lure buyers and reduce inventory. With lower prices, abundant liquidity in the system and lower interest rates, the fall in demand might be arrested

GST council meeting

States have been strongly pitching for extension of the compensation period by three years to 2024-25, but the Centre may oppose any such move in view of the weak revenue situation

TNC Rajagopalan
Deepavali or Diwali, the festival of lights, is a time when we forget our anxieties and problems and look at the positives to enjoy the day, sharing our happiness with others. So, let us look at the encouraging developments in recent days. 
The cuts in income tax rates for corporate entities have shored up the bottom line of many companies. And, brightened the prospects for increased investment in the coming years. That has buoyed sentiment in the equity markets. Consequently, many investors feel richer and will hopefully spend more, contributing to revival in demand for goods and services.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Oct 27 2019 | 10:45 PM IST

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