Congress member Jairam Ramesh alleged that corporate tax reduction was a curtain-raiser to Prime Minister Narendra Modi's Howdy Modi event in Houston
For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier
The government has taken various steps, including reduction of corporate tax, she said at India-Sweden Business Summit
The finance minister said "people are approaching" the government for fresh investment which will help in generating more jobs as well as make India a manufacturing hub in the future
The government has undertaken a number of measures to arrest the growth slowdown. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent.
Congress leader Anand Sharma also said that the non-performing assets' level of Indian banks had gone up to Rs 11 trillion, from Rs 3 trillion
Here's a selection of Business Standard opinion pieces for the day
From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.
Brings down April-October growth to 2%, amidst slowdown
Flows have accelerated since corporation rate cut, lifting benchmarks by 13%
Even tax cuts in 2020-21 could be a difficult proposition as officials dismiss reports of relief for salaried class and scrapping of DDT and LTCG
IGL sells Compressed Natural Gas (CNG) to automobiles and Piped Natural Gas (PNG) to household kitchens and industries
In absolute terms, around 300,000 companies are now at the 22% rate, against the earlier 25-30% earlier
Attracting new investment is key to creating jobs and boosting growth in the economy, which slowed to a six-year low growth rate of 5 per cent in the quarter ended June
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
Markets are divided on the timing of such a move, said DBS report
Here's a selection of Business Standard opinion pieces for the day
Tax cut helps, but India Inc's revenue growth falters
Sensex gained 12% while Nifty ended up 10% despite challenges such as the trade war andtrade war and economic slowdown
A shortage of skilled workers, bureaucracy and lack of adequate road and port infrastructure are key impediments investors face in India