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.
Market experts hail decisions, saying these would certainly act as a force multiplier for India's flagging economic engine, as well its position as one of the most attractive business destinations
The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies
The government on Friday slashed corporate tax rates for companies by almost 10%
The measures will augur extremely well and will be highly positive for our economy, Shaktikanta Das said at an event in Delhi
The finance minister announced a slew of measures to boost the slowing Indian economy
All eyes now on how the govt manages its finances
No change in fiscal deficit target for now, says FM Nirmala Sitharaman
Adityanath claimed UP was already an attractive destination for private investments and the recent measures would provide further traction to the state
With the lowered corporate tax rates, the country's attractiveness as an investment destination has enhanced
We are working on simplifying the return filing process, but as for rates, (there will be no decision) before we see the report by the Finance Commission, he said
A globally competitive corporate tax environment though encourages foreign investments and job creation in the long run
This is a welcome step to reverse the economic slowdown
Centre may have to go for spending cuts and off-Budget borrowing
Small taxpayer given relief from filing annual tax returns
The measures are to boost investment and manufacturing under the Make in India initiative
Though I welcome the reduction of tax rates for corporates, I wonder why the benefits have been restricted to corporates and not to other business entities
MNCs may relocate new factories to India as tax cut to 15% for new factories
About 18 cos had announced buybacks worth nearly Rs 15,000 crore between April 1 and July 5
PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020