People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman
Commenting on her decision to slash corporate tax, the finance minister said that the industry has told her that the decision was taken at the right time and that it has made a big difference to their books. She said that the decision was announced on September 20 and industry will take time in announcing major investment decisions.
Tax cut shores up India Inc’s profit, but revenues slip
First turnover fall in nine quarters due to low demand, inventory pile-up & base effe...
Mid, smallcap-focused PMSes played catch up with largecap peers in Oct amid tax cut-fuelled rally
Just one out of every 10 PMSes could delive...
Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP
Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate tax collections. Weak revenue collections resulting from sluggish economic growth and government's sweeping corporate tax rate cut were the other reasons, it said.
Midcaps will outperform largecaps over 2-3 years: Kashyap Pujara, Axis Capital
It is going to be a U-shaped recovery for the midcaps, said Kashyap Pujara.
IGL Q2 profit more than doubles on tax cut, higher sales
The company availed the lower corporate tax rate announced by the government which resulted in a "gain of Rs 143.12 crore," it said.
Stocks rally for third day on tax cut hopes
The Sensex climbed 582 points to end at 39,831.84, its highest close since July 2.
IMF wants Indian government to be more credible, transparent on fiscal numbers
India should be more transparent on fiscal numbers as it is a laggard among G20 peers on this front, said IMF.
Revenue concerns for the government make immediate tax cuts tough
More sops will mean raising tax on super-rich or cutting welfare spend, both of which are not feasible.
Government unlikely to go for income tax cut due to fiscal stress
According to sources, personal income tax rate cut is difficult at this juncture due to multiple factors like slowdown in economy, lower tax realisation and subdued non-tax mop up.
Sitharaman has her task cut out as what India wants next becomes clear
An ET Online survey has found out what people want next after last month's corporate tax cut.
Jobs confidence, not tax cuts, will push consumption spends: DBS
As per reports, to push up the sagging consumption, the govt is mulling to cut the Income Tax.
Proposed Direct Tax Code: How it could cut your income tax
When the corporate tax rate was reduced to 25 per cent last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers...
How the proposed new Direct Tax Code could cut your income tax
The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs. It submitted its report on the new Direct Taxes Code to the government in August.
Corporate tax cut can’t revive near-term consumer sentiment: Sanjay Mookim, BofML
The India equity strategist is positive on financials, industrials, cement companies among sectors.
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