Business Economy

Corporate tax reduction is credit positive for companies, but increases government’s fiscal risks, says Moody’s

Corporate tax reduction is credit positive for companies, but raises government’s fiscal risks, said Moody’s Investors Service. The rating agency doesn’t expect the tax rate cut to revive growth such that stronger tax buoyancy compensates for the loss in revenue. Finance Minister Nirmala Sitharaman on Friday announced a reduction in the base corporate tax rate […]

Business Economy

Move positive for economy, says Das

The reduction in corporate tax rate announced by Finance Minister Nirmala Sitharaman was a bold move and augurs well for the economy, Reserve Bank of India Governor Shaktikanta Das said. “These are definitely bold and welcome measures. It will augur extremely well and will be highly positive for the economy,” Mr. Das said at an […]

Business Economy

No GST relief for automobiles

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 decisions taken at a marathon meeting of the Goods and Services Tax (GST) Council that lasted nearly nine hours on Friday. While the tax rates were tweaked […]