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White House mulling tax cut to avoid recession: Report

Tuesday, August 20, 2019, 1:11 PM

The White House is considering cutting taxes or revering tariffs to head off a recession, US media reported, despite President Donald Trump's insistence on the economy's health. Senior White House officials are considering several moves to stimulate the economy including temporarily cutting the payroll tax to increase workers' monthly take-home pay, The Washington Post reported.
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Govt panel recommends corporate tax cut to 25% for all companies

Tuesday, August 20, 2019, 12:57 PM

A government panel has recommended cutting the corporate tax rate to 25% from 30% for all companies and scrapping surcharges on tax payments, an official said on Tuesday, part of a major overhaul of the six-decades old tax act. The panel headed by Akhilesh Ranjan, a member of the central board of direct taxes, delivered its report to Sitharaman.
 
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Chandrayaan-2: It was a tense 30 minutes, says ISRO Chairman K Sivan

Tuesday, August 20, 2019, 12:47 PM

The insertion of India's spacecraft to the moon, Chandrayaan-2, into the lunar orbit was a tense 30 minute operation, said ISRO Chairman K.Sivan. "It was tense 30 minute operation. The tension and anxiety kept on building as the clock ticked. It was a great relief and joy when the Chandrayaan-2 was put into the lunar orbit successfully," Sivan said soon after the crucial operation.

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