CORPORATE TAX CUT
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
Part Panglossian, part practical, Governor Shaktikanta Das soldiers on
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Global airlines cut 2019 profit forecast over trade tensions
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It’s time to revisit income tax rates: Bibek Debroy, Chairman PMEAC
This year we are around 5% and next year 6-6.5%, the PMEAC chairman said about the country's GDP growth.
Benchmark yield hits 12-week high on S&P's downgrade warning
Benchmark bond yield gained five basis points to close at 6.76 per cent on Wednesday.
Reserve Bank of India February rate cut on a knife's edge: Poll
But the central bank acknowledged there was room for further cuts.
View: One key reason why Fed should cut interest rates today
US economy started flashing recession signals in 2019, forcing the Fed to cut rates 3 times.
Zero impact of cost-cutting on India business, says Aviva
Aviva sells insurance policies through DBS and Bank of Maharashtra and through corporate agency tie-ups.
West Bengal trims guv’s powers, cuts direct access to universities
Tuesday’s gazette notification — putting the state government between the chancellor’s office and vice-chancellors — caps three months of back and forth between Raj Bhavan and the Bengal government, starting with governor Jagdeep Dhankhar’s visit to the Jadavpur University campus to “rescue” Union minister of state Babul Supriyo from student protesters.
While trade war between US & China escalated, couldn't have waited to slash corporate tax: Nirmala Sitharaman
FM Sitharaman had in September announced corporate tax rate cut from an effective 35% (including surcharges and cesses) to an effective 25.17% while the rate for new manufacturing companies reduced to 15% from 25%.
Next rate cut depends on how teary-eyed onion leaves RBI
RBI was widely expected to cut interest rates at last week's policy, which would have made it into a sixth consecutive cut in as many policy reviews in 2019 to boost the sagging growth, that has dipped to a six-year low. "We advise investors to track onion prices to time the next rate cut by RBI," Bank of America Securities said.
SpiceJet may gain from IndiGo’s move to cut capacity addition
Indi-Go's cut in its incremental capacity by 2-3 per cent reduces the industry's capacity which provides some scope for SpiceJet to show some aggression in adding more room.
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation, Sitharaman said a negative list of activities that do not constitute manufacturing has been created and will not be eligible for the lower 15 per cent tax rate for manufacturing firms that are set up after October 1 and that begin operations by 2023.
Union Bank of India cuts MCLR by up to 10 bps across tenors
After the cut, Union Bank of India's one year MCLR now stands at 8.2 percent, down from 8.25 percent. According to a press release issued by the bank, the new rates will be effective from 11 December, 2019.
Govt should provide strong stimulus package for economy: Kumar Mangalam Birla
"One of the things that it (govt) can also do is to give stronger fiscal stimulus,"Kumar Mangalam Birla said.
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