The Economic Times
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| 01 October, 2020, 09:08 AM IST | E-Paper
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    It’s a bazooka, should revive animal spirits in economy, says Dalal Street

    The rate of Minimum Alternative Tax has been reduced from 18.5 per cent to 15 per cent.

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    tapan sur (mumbai)

    Bazooka, Animal spirit, all nonsense talk. The animal spirit is a dog eat dog syndrome, do we want that in our economy, benefiting only a few? The economy should be built horizontally rather than vertically in a country as diverse as ours. So now wait for The end of PSU say from 10 to only one, while the rich who owned 10 cars will now own 11, those who owned 10 houses may now own 11. When cancer sets in, you don''t treat problem you treat bigger problem. BOL.

    Is D street everything for the Economy? Whether the beneficiary companies pass on the benefit to user public? How long it will take the bold and unprecedented move by the Government to translate into anticipated outcome? Besides, it is but appropriate for the Govt. to similarly tweak the personal I.T. rates to improve the purchasing power of the middle class towards the same objective.

    Today''s upward movement in share index is only a sentimental. Actual gain in each stock will depend on the effect of these announcements, which will get reflected on Monday or Tuesday.

    Praker (Bangalore)

    Income tax payers are also deserving such help

    Ds (Mumbai)

    Its Good Policy announcements but nothing for the common man, these policies will only balloon the corporate profits and their management will take away FAT BONUSES - this will never be passed on to the common man as its a corporate tax benefit. I feel once again the FM has MISSED OUT on the Basics of including common man to jump start consumption. I am not asking for tax cuts or GST cuts. These are all governance policy matters NOT FOR COMMON MAN who is the REAL CONSUMER. Once again the ROGUE CORPORATE LOBBY have WON and FM has left the Individual Common Man HIGH and DRY as these benefits will never be passed on to the common man and these are effective for Tax assessment of 20-21 for FY 2019-20 so still 1 year away for anyone to benefit from these policies if they are ever passed on.

    I just can not understand the logic. Tax cut may be good for corporates and markets to improve their profits but how is it going to help the economy?

    More Profit and cash in hands of companies means more ability to invest in growth and pay down debt.Means more hiring and jobs, means more money in hands of consumers means more demand means more investmentVirtuous circle can start...

    PV (Ind) replies to Mihir Patkie

    More hiring and more jobs.. wow. How corporate tax cut will impact consumer behaviour? Companies may give discounts which can get some buyers but that means the money gained from tax cut will go in discounts. So no money will be left to invest in growth or reduce debt.

    Moongeri Lal ke sapna. or is it Shek Chili’s dreams. To make up for the revenue loss of 1.45 lakh crores, Jhumla Party will blast the lotus holes of Andha bhakts. LOL.

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