Corporate Tax-cut

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Corporate Tax-cut - Total results - 37
Income Tax Department notifies forms for firms to avail lower corporate tax rates announced in September last year
Business

Income Tax Department notifies forms for firms to avail lower corporate tax rates announced in September last year

The income tax (I-T) department has notified forms for companies to avail the reduced corporate tax rates that were announced in September last year

Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth
Business

Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth

Sitharaman is expected to announce a plan in the budget to invest Rs 105 lakh crore ($1.48 trillion) in infrastructure over the next five years.

Budget 2020: Converge multiple corporate tax rates to 15% by April 2023; CII urges govt to make announcement on 1 February
Business

Budget 2020: Converge multiple corporate tax rates to 15% by April 2023; CII urges govt to make announcement on 1 February

The government last year reduced corporate tax rates to 22 percent, plus surcharge and cess

IMF may downgrade India's growth forecast significantly in January, says Gita Gopinath; country only emerging market to throw a 'surprise of this kind'
Business

IMF may downgrade India's growth forecast significantly in January, says Gita Gopinath; country only emerging market to throw a 'surprise of this kind'

Gita Gopinath warned that the fiscal situation in India is "challenging" and the country will certainly breach the 3.4 percent deficit target

RBI monetary policy panel likely to slash repo rate for sixth time in a row today to revive slowing economy
Business

RBI monetary policy panel likely to slash repo rate for sixth time in a row today to revive slowing economy

RBI has cut interest rates on every single occasion the multi-member monetary policy committee has met since Das took over as the governor of RBI in last December.

Corporate tax cut aimed at attracting investment, generating jobs: Finance Minister Nirmala Sitharaman
Business

Corporate tax cut aimed at attracting investment, generating jobs: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman in the Lok Sabha on Monday said the government's decision to reduce corporate tax rate was aimed at attracting investment and creating jobs

Boosting investments: Govt gives up obsession with round-tripping; need of hour to spur foreign fund inflows, make India manufacturing hub
Business

Boosting investments: Govt gives up obsession with round-tripping; need of hour to spur foreign fund inflows, make India manufacturing hub

Investments in the domestic capital market through participatory notes, led by equity allocation, rose to Rs 81,220 crore at the end of April 2019 on hopes of favourable market conditions.

Political dogfight can wait, netas across party lines should now discuss good economics to save a free-falling economy
Business

Political dogfight can wait, netas across party lines should now discuss good economics to save a free-falling economy

The overall economic growth has been slowing worryingly with the GDP touching 5 percent in the April-June quarter. Since then, things have only worsened in the economy.

Govt unlikely to go for personal income tax cut amid fiscal stress, lower tax realisation
Business

Govt unlikely to go for personal income tax cut amid fiscal stress, lower tax realisation

The government is unlikely to moderate personal income tax rates for the rich due to fiscal stress on account of lower tax realisation amid a slowdown in the economy, sources said

Sensex rallies 220 points to reclaim 40,000-mark, Nifty above 11,800 on strong croporate earnings; SBI, Airtel among top gainers
Business

Sensex rallies 220 points to reclaim 40,000-mark, Nifty above 11,800 on strong croporate earnings; SBI, Airtel among top gainers

Top gainers in the Sensex pack included SBI, TCS, ITC, Bharti Airtel, Sun Pharma, Infosys and Bajaj Auto, rising up to 3.37%.

Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex
Business

Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex

The PMO is reviewing the current structure of LTCG tax, the STT and DDT in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.

IMF sees Indian economic growth rebounding to 7% next fiscal on monetary policy stimulus, corporate tax cuts
Business

IMF sees Indian economic growth rebounding to 7% next fiscal on monetary policy stimulus, corporate tax cuts

The International Monetary Fund (IMF) sees Indian economic growth rebounding to around 7 percent in the next financial year, supported by measures like monetary policy stimulus and corporate income tax cuts

IIP contracts by 1.1% in August: Indian economy is waiting for a Santa to cheer it with bags full of money
Business

IIP contracts by 1.1% in August: Indian economy is waiting for a Santa to cheer it with bags full of money

The August IIP numbers was the lowest in seven years showing negative growth of 1.1%

Govt should provide more stimulus; lower personal income tax to boost slowing growth rate of economy: Adi Godrej
Business

Govt should provide more stimulus; lower personal income tax to boost slowing growth rate of economy: Adi Godrej

The government should provide more stimulus to the industry and bring down personal tax rates to boost slowing growth rate of the economy, Godrej Group Chairman Adi Godrej said on Thursday

Corporate tax cut to help top 1,000 firms save Rs 65,000 cr, but measure unlikely to stimulate private sector capex in medium-term
Business

Corporate tax cut to help top 1,000 firms save Rs 65,000 cr, but measure unlikely to stimulate private sector capex in medium-term

The internal rate of return expected from any new upcoming capex is determined by both the likely asset turnover and cost structure of the business, it explained.

RBI to pick up slack as stimulus measures to fall short; GDP growth to average 6.1% this fiscal year: Economists
Business

RBI to pick up slack as stimulus measures to fall short; GDP growth to average 6.1% this fiscal year: Economists

The outlook for further policy easing was also backed by subdued inflation, which is not expected to breach the RBI's medium-term target of 4% until the fourth quarter of 2020.

Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA
Business

Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA

The corporate tax cut is a positive development for the power sector as it will result in an estimated annual savings of Rs 2,500 crore for the power distribution segment, rating agency ICRA said on Monday

RBI may go for another rate cut on 4 October; to complement govt’s recent fiscal measures: Experts
Business

RBI may go for another rate cut on 4 October; to complement govt’s recent fiscal measures: Experts

Earlier, the RBI governor had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy.

Mistrust between govt, businesses growing on frequent raids, searches; high-interest rate regime a challenge: Ajay Piramal
Business

Mistrust between govt, businesses growing on frequent raids, searches; high-interest rate regime a challenge: Ajay Piramal

Piramal chose to make the concerns public at the World Hindu Economic Forum which began in the financial capital.