In perhaps the first instance, the finance ministry has kicked off the exercise to formulate the next budget by seeking suggestions on changes in direct and indirect taxes from industry and trade associations
Moody's message to Narendra Modi govt: Focus on land and labour reforms, regain trust of private investors
Moody's has acknowledged the measures the government has announced so far to boost the economy but has cautioned that these steps may not be enough to reverse the course of the slowdown.
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.
Axis Bank posts standalone net loss of Rs 112 cr in Q2 on one-time tax impact; gross NPAs fall to 5.03%
Axis Bank on Tuesday reported a net loss of Rs 112.08 crore on a standalone basis for the second quarter ended September of the current fiscal due to a one-time tax impact
Your capital will go elsewhere if you don't have competitive tax rates, says Jamie Dimon of JP Morgan Chase
Known for his surgical approach to running a business, Dimon, 63, has been the CEO of JPMorgan since 2006.
Govt to prepare blueprint for companies looking beyond China, make India as preferred investment destination
Sitharaman said the government's decision is not just going to be purely on the basis of what is happening presently between the United States and China
All macros favouring India, profit-making companies should pass on tax cuts to consumers: Deepak Parekh
Last Friday, the government slashed corporate tax by almost 10 percentage points as part of efforts to pull the economy out of a six-year low growth rate with a Rs 1.45-lakh crore tax break.
Fitch Ratings on Thursday said the steep cut in tax paid by companies may stimulate investments and economic growth only in the medium term, but it will lead to breach fiscal targets in the current fiscal itself
Maruti Suzuki cuts prices of select models by Rs 5,000 after Nirmala Sitharaman's announcement of corporate tax rate cut
The country's largest carmaker Maruti Suzuki India on Wednesday reduced the prices of select models by Rs 5,000 (on ex-showroom prices)
Corporate tax cut a bold measure, move makes India attractive destination for foreign investment: RBI governor Shaktikanta Das
In the biggest reduction in 28 years, the government on Friday cut corporate tax rate by almost 10 percentage points as it looked to pull the economy out of a six-year low growth.
Auto industry to benefit from corporate tax revision; will attract FDI in manufacturing sector: ICRA
The automotive industry, which accounts for about half of the country's manufacturing GDP, is likely to be one of the key beneficiaries of corporate tax revision, rating agency ICRA said on Monday
Investors wealth zoom Rs 10.35 lakh cr in two days of stock market rally; Sensex jumps over 3,000 points
Investor wealth continued to soar for the second consecutive day on Monday, rising by Rs 10.50 lakh crore so far, as market sentiment remained euphoric after a host of measures were announced to boost slowing economic growth
Corporate tax cuts to create positive impact on economy, boost industry; now need to focus on spurring demand: India Inc
Industry leaders from diverse sectors such as manufacturing and services expect the reduction in corporate tax rates to create a positive impact on the economy, leading to a speedier turnaround
Industry, stock market experts term Sitharaman's corporate tax cut 'revolutionary', say will make Indian firms globally competitive
In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 percent inclusive of all cess and surcharges for domestic companies.
Corporate tax cut: Nirmala Sitharaman silences doubters, changes perception around the state of the Indian economy
Until yesterday, Nirmala Sitharaman was being criticised for not having the vision and ability to be at the helm of finance ministry.
The spectre of fiscal slippages awaits the country after the massive tax giveaways, which though will boost the sputtering growth engine and is positive from a long-term perspective, warned analysts
Investor wealth on Friday zoomed a whopping Rs 6.82 lakh crore in a single day as equity markets rallied, with the Sensex skyrocketing 2,284 points in intra-day trade, following a slew of economy-boosting measures announced by Finance Minister Nirmala Sitharaman
Dubbing the government's move of slashing the income tax rate for companies as a "surgical strike" on negative sentiments in the economy, markets analysts said the step will ease liquidity concerns of India Inc and boost investment
Corporate tax cut historic; govt leaving no stone unturned to make India a better place to do business: Narendra Modi
Prime Minister Narendra Modi on Friday termed as "historic" the cut in corporate tax rates and asserted that economic announcements made in the last few weeks show that his government is leaving no stone unturned to make India a better place to do business
Finance ministry's move to lower corporate tax will help broaden tax base and reduce distortions in system
Years before Finance Minister Nirmala Sitharaman's major announcement to slash corporate tax, the late Arun Jaitley — Union finance minister in 2016 — had promised that before the end of the NDA government's tenure, the Narendra Modi government will move to a single 25 percent corporate tax rate for all companies