Page 2138 - Economy & Policy News

Govt aims to revive closed sugar mills by using land for ethanol production

Gadkari said the ethanol economy has the potential to reach Rs 1 trillion from about Rs 25,000 crore and can reduce the annual Rs 7 trillion crude imports

Tax cuts will attract FDI in manufacturing, benefit auto industry: Icra

Indian auto manufacturers have imported components worth $17.6 billion during 2019-20 (till now) and this is likely to increase further in 2020-21 given the transitionary phase towards stricter safety

Odisha small scale units fear 300,000 job losses over switch to GeM

The rate contract system has proven to be a time tested process of procurement of quality goods at a reasonable price and within the stipulated time frame

Economic slowdown due to structural changes, not cyclical: Amit Mitra

Mitra said the structural changes have been ushered in due to demonetisation and 'faulty' GST implementation along with the collapse of IL&FS

DBS Bank expects modest rate cut at RBI's MPC meeting in October

The new effective rate takes India closer to its regional peers, on par with China, South Korea, Indonesia and OECD average

Average residential flat sizes in top 7 cities down 27% in 5 years: Anarock

Surprisingly, NCR one of the worst-hit residential markets in recent years - has seen the least decline of merely 6 per cent

Tax cut, push for auto sector: What Sitharaman has done to rescue economy

Meeting traders, experts, entrepreneurs to gauge the pulse of the nation, Sitharaman has become a reformer, pulling all stops to get the economy out of a six-year-low growth rate

No plans to revise fiscal deficit target or cut spending now: Sitharaman

The government cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low.

Corporation tax rate cut to simplify tax administration, reduce litigation

The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies

PM Modi hails corporation tax rate cut as historic move for economic boost

The government on Friday slashed corporate tax rates for companies by almost 10%

It's a bold move: RBI Guv Shaktikanta Das welcomes corporation tax cuts

The measures will augur extremely well and will be highly positive for our economy, Shaktikanta Das said at an event in Delhi

FM Nirmala Sitharaman announces corporation tax rate cuts: 7 Highlights

The finance minister announced a slew of measures to boost the slowing Indian economy

How're corporation tax cuts going to be financed? Is this helicopter money?

Slashing the government's take from corporate profits to 25.2 per cent from 34.9 per cent has given a boost to stock-market sentiment

Repo rate to be external benchmark for floating rate loans from Oct 1: SBI

The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole

Petrol nears Rs 74 a litre in national capital, govt denies supply crunch

It may be noted that oil prices surged more than 15 per cent to their highest level in nearly four months after an attack on Saudi Arabia's oil facilities

Here's what India can learn about tax cuts from the American experience

Finance Minister Nirmala Sitharaman is betting that local firms will pass on the corporate tax cuts to customers in the form of lower prices to stimulate demand

FM Sitharaman rules out any immediate plan for expenditure reduction

No change in fiscal deficit target for now, says FM Nirmala Sitharaman

Impact of corporate tax rate cut on firms, economy: Explained in six chart

After this cut, base corporate tax rate in India has become competitive and should help boost investment

Govt working on measures to make steel sector 'globally competitive'

Despite short-term challenges and the current slowdown, it is believed that India's long-term growth story remains intact, the ministry added

Committed to meet India's energy security needs, says Saudi Arabia

Saudi Arabia is a key pillar of India's energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India