Sensex posts biggest ever single day gain after FM cuts corporate tax, MAT

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Deal Subedar
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Addressing her fourth press conference to revive the economy, the FM announced a cut in the corporate tax rate for domestic companies and new domestic manufacturing companies.

India Inc has wholeheartedly welcomed Finance Minister Nirmala Sitharaman’s announcement to cut corporate tax to 22 percent. “Looks like Diwali has come early,” tweeted Mahindra & Mahindra’s Managing Director Pawan Goenka.

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Deal Cadet
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How does one aim to fulfil revenue target and reduction of fiscal deficit by reducing taxes?

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Market Cap of BSE listed Companies increased from Rs 128 Lk Cr to Rs 145 Lk Cr, whooping Rs 17 Lk Cr in a single day

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rich people and rich companies do not necessarily pass on the benefits of cheaper borrowing or lower taxes to employees or consumers.

in U.S. there is even a hilarious survey of CEOs/ business owners and actual data on corporate spending, capex, R&D or whether investments increased in certain sectors.
what they found was only the Richie Rich got benefited without much rise in salaries or income generation.
remains to be seen, how India faces global cues and remains afloat.
U.S. again goin gagsta on Iran over the Aramco attacks while France and others still want the nuclear deal.
China U.S. trade war also impacts investment climate in India.

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Shopping Friend
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will this improve the daily life of people will corporates cut the product prices rolleyes

will demand increase

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