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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
India Today Conclave 2019: When asked why the corporate tax cuts were announced now, Piyush Goyal mentioned that these deep tax cuts have come after very serious deliberations.
GST Council meet: On top of that 12 per cent of cess would be charged under the new Goods and Services Tax (GST) rules.
"Government policies take time to play out and unfold. But at the RBI, the market reacts very fast when a Governor or a deputy governor says something. So the responsibility is far higher," said RBI Governor
Moody's said that the eventual impact of the corporate tax cut on credit profiles of Indian corporates will hinge on "whether they utilise the surplus earnings for reinvestment in business, debt reduction or high shareholder returns."
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
Lander Vikram lost communication with ISRO's ground station on September 7 during its final descent on the moon at 2.1 kms above the lunar surface.
Corporate tax cut: Rahul Gandhi further said that no event can hide the economic mess that India has landed in.
Gold fell by Rs 170 to Rs 38,390 per 10 gram on Friday in the national capital on strong rupee which rallied after Finance Minister Nirmala Sitharaman announced corporate tax cut, according to HDFC Securities.