-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala SITharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
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Modi govt gives Rs.1.45 lakh crore gift to corporates -Subodh Varma
-Newsclick.in This bounty for corporate houses comes at a time when common people are reeling under a slowdown, joblessness is at record levels and incomes are stagnating. Continuing her series of press conferences, that are becoming like a treasure hunt for corporates, finance minister Nirmala SITharaman announced today that corporate tax rates will be slashed from the current 30% (average) to 25.17% including all cess/surcharge. Actually, if no other concession is availed...
More »No GST relief for automobiles
-The Hindu Aadhaar link for registration proposed Panaji: From October 1, taking the family for a holiday is set to become a more economical affair, but the consumption of energy drinks will become more expensive, following a marathon meeting of the Goods and Services Tax (GST) Council that lasted nearly nine hours on September 20. While the tax rates were tweaked up or down for several goods and services, the Council left...
More »Explained: How the latest corporate tax rate cut impacts the economy -Udit Misra
-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corporate tax cut is beneficial for the economy in the long term. Finance Minister Nirmala SITharaman’s announcement to cut corporate tax rates on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleration. According to reports, the government has cut the...
More »The multitudes dispossessed by the 'Gujarat model' -Aseem Shrivastava & Aryaman Jain
-The Hindu Extractive projects like Sardar Sarovar have hit many people. The Gujarat government has filled up the Sardar Sarovar this year, flooding the Narmada. In Madhya Pradesh alone, reportedly, more than 28,000 families still live in the submergence zone. They have not been given due rehabilitation or compensation. However, despite oppoSITion by many groups, the Gujarat and Union governments are going ahead with this forced mass displacement of communities. Disturbing videos are circulating....
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