INSUBCONTINENT EXCLUSIVE:
The new tax structure is effective from April 1, 2019.Finance Minister Nirmala Sitharaman on Friday announced the government's decision to
into the manufacturing sector going forward from now
This now gives elbow room to companies to reduce prices and increase demand for their products."Rajnish Kumar, chairman, State Bank of
India:"The large reduction in corporate taxes across the spectrum of all companies is perhaps the boldest reform in the last 28 years! Such
a rate cut will boost corporate bottom-line, facilitate a reduction in product prices
Additionally, the move to incentivise setting up new manufacturing units in India comes at the most opportune time for foreign companies who
could be actively looking for opportunities to invest globally!""This move could also materially lead to India effectively integrating with
the global supply chain and a boost to Make in India campaign."Niranjan Hiranandani, senior vice president, industry body Assocham:"India
This positive sentiment will go long way in resurrecting dying economy."Nirmal Jain, chairman, IIFL Group:"Finance Minister Nirmala
Sitharaman's Rs 1.45 lakh crore stimulus to reboot India is a bold move to unleash the animal spirit! This can certainly turn the tide for
than used)."Aditya Ghosh, CEO, OYO India and South Asia:"This is a bold step to provide a fillip to the Indian economy
Just ahead of the festive season, the honourable Finance Minister by reducing the corporate tax rates, has given a triple booster dose to
the economy as this will increase the retained earnings of the companies which will result in investible surplus for the future, shift India
at par with its regional peers thereby removing one of the issues related to manufacturing and exports and maintain macroeconomic prudence
by continuing to stimulate the investment cycle
We congratulate the Finance Minister and the Govt
of India for this progressive move."Get Breaking news, live coverage, and Latest News from India and around the world on
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