Decoding Slowdown: Dip in household savings, investment an indicator of structural economic slowdown
The economic slowdown is structural as a sharp decline in household savings and investment since FY12 would indicate. This calls for a significant boost to capital expenditure by the government
The government slashed corporate taxes on Friday, giving a surprise $20.5 billion break aimed at reviving private investment and lifting growth from a six-year low that has caused job losses and fuelled discontent
No relief was announced for the auto sector despite a huge demand for a rate cut. The GST Council had said that such a move would lead to huge revenue hit for the states as well as the Centre
Additionally, the GST Council has reportedly decided to increase the tax rate for caffeinated drinks to 28 per cent from 18 per cent. An additional 12 per cent cess would also be imposed on such beverages
GST Council meet: On top of that 12 per cent of cess would be charged under the new Goods and Services Tax (GST) rules.
- Corporate tax cut unlikely to benefit consumers in the short-term
- India Inc sees return of foreign investments, economic revival with corporate tax cut
- Hit by turbulence in FY19, aviation industry's short-term outlook appears bleak
- GST Council meet Updates: Tax relief for hotels; caffeinated drinks get costlier
- With effective corporate tax cut, India comes closer to average global rate
- Sensex, Nifty's Friday rally sustainable, won't fizzle out, say experts
- How Odisha fixed its Industrial Training Institutes
- IMPACT FEATURE Empowering small and micro businesses around India: An interview with Jeffrey H Fox, President & CEO, Endurance International Group
- Biz EOD: Corporate tax rate cut to 22% from 30%; India Inc welcomes 'bold move' and more stories
- 'GST, demonetisation helped in building an honest India,' says Piyush Goyal
- Maruti Suzuki, Eicher Motors, Ashok Leyland stocks rise up to 16% after corporate tax cut
- Sensex closes 1,921 points higher, Nifty ends above 11,250 after corporate tax rate cut
Reliance Jio's intention with the new Postpaid Plus plan is to offer a better postpaid experience to the users by offering new value-added services
- Redmi 8A with dual rear cameras to launch in India on September 25, check expected price, specifications
- Life-saving ECG app, irregular heart rhythm notification feature available for Apple Watch Series 4 in India
- Vivo V17 Pro set for launch at 12pm today: How to livestream, expected price, specifications
- India tells technology firms to protect user privacy, prevent abuse
- Google enters job search market with 'Job Spots on Google Pay'
- Now you can reach Google Assistant on a phone call
From The Magazine
Women in leadership roles often have to spend a lot of time proving themselves. Equality at workplace is still a fair distance away
