Page 7 - Corporate Tax Cut

Best of BS Opinion: The case against loan melas, the lesson in bank merger

Here's a selection of Business Standard opinion pieces for the day

Impact of corporate tax rate cut on firms, economy: Explained in six chart

After this cut, base corporate tax rate in India has become competitive and should help boost investment

Tax windfall: India Inc to increase capex spending, retire high-cost loans

Among the profit-making companies which would gain the most in absolute terms are RIL, Oil and Natural Gas Corporation, and Indian Oil Corporation

Corporate tax rate cut may not benefit auto buyers, say analysts

Tax cut may not translate into a price cut for auto buyers as companies have been taking a hit by doling out discounts and incentives to boost sales in a dull market

Yogi pitches UP as top beneficiary of tax cuts, US-China trade war

Adityanath claimed UP was already an attractive destination for private investments and the recent measures would provide further traction to the state

Govt speeds up divestment plans on upbeat sentiment after tax cut

Sources also said the prevailing market sentiment, if it holds, would be conducive to the Centre's strategic sale and asset monetisation

After corporate tax cut, fiscal crisis reaches states' doorstep

The recent sentiment-boosting corporate tax cuts will cost the government Rs 1.45 trillion of gross tax revenue

Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil

CRISIL Research on Sunday said top 1,000 listed companies could see tax savings of Rs 37,000 crore on account of the corporate tax cut. "Over the past few days, a slew of measures have been introduced to address the slowdown in the Indian economy. Friday's announcement, however, is the most material...Our analysis indicates these 1,000 companies could see tax savings of Rs 37,000 crore, or nearly a fourth of the total savings anticipated by the government," it said in a statement. The drop in tax rate would now bring India at par with most Asian economies, it added. "CRISIL Research's analysis of nearly 1,000 companies -- spread across 80+ sectors such that they cover more than 70 per cent of NSE's market capitalisation -- indicates that effective tax rates had risen over the past 5 years," it said. These companies, including oil & gas and financial services, account for nearly a third of the tax paid by India Inc. "These estimates are based on profit before tax for fiscal 2019. .

Top business promoters richer by Rs 1.33 trn after Friday's market rally

Promoters' stake in RIL is now worth Rs 3.67 trillion slightly up from Rs 3.66 trillion at the end of June this year

Corporate earnings boost could give more legs to market rally: Experts

The stock market rallied 5 per cent on Friday - its biggest single-day stride in over a decade

Corporate tax cut: RBI gets rate respite, cost of funds for firms to soften

Borrowing cost for corporates can come down owing to an improved balance sheet and rating upgrades

Letter to BS: Govt may opt for aggressive disinvestment programme

With the lowered corporate tax rates, the country's attractiveness as an investment destination has enhanced

Banking, FMCG to gain from tax cut; pharma, IT to remain untouched: Report

Giving a sectoral analysis of the impact of tax cut, ICICI Direct Research said domestic auto equipment makers will tend to benefit from the tax cut

US corporate sector hails India's move to slash tax for companies

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act

Corporate tax giveaway to have little impact on fiscal goals: Niti Aayog

Many analysts have predicted fiscal deficit overshooting by at least 70 bps to 4.1 per cent given the quantum of the giveaways

Experts see fiscal risk in tax cut, say will have minor impact on growth

According to Nomura, the fiscal deficit during the current fiscal may swell to 3.6 per cent of the GDP due to revenue shortfall arising from the reduction in corporate tax

Corporation tax cut a big positive, but demand recovery may take time

A globally competitive corporate tax environment though encourages foreign investments and job creation in the long run

US corporate sector hails India's move to cut income tax rate for companies

This is a welcome step to reverse the economic slowdown

Flip side of corporate tax bonanza: Fiscal deficit may rise to 3.7% of GDP

Centre may have to go for spending cuts and off-Budget borrowing

Market celebrates corporate tax cut with biggest rally in 10 years

Banking, auto shares gain the most; 5 stocks account for 68% of Sensex gains