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Tax cut aimed at attracting investment, generating jobs: Nirmala Sitharaman

Tuesday, December 3, 2019, 7:53 AM

Finance-Minister Nirmala Sitharaman in the Lok Sabha said the government's decision to reduce corporate tax rate was aimed at attracting investment and creating jobs. The government's decision was also necessary to attract investment from multi-national companies, which are wanting to shift operations from China in view of ongoing Sino-US trade war, she said while moving the Taxation Laws Bill, 2019 for consideration and passage.
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Corporate tax rates slashed as govt announces Rs.1.45L crore stimulus

Friday, September 20, 2019, 11:52 AM

Finance Minister Nirmala Sitharaman on Friday proposed to reduce corporate tax rates for domestic companies and new manufacturing companies ahead of the 37th GST Council Meeting. She added domestic companies would have option to pay income tax at 22% if they don't avail any exemptions or incentives from financial year 2020. This is being done to promote growth, she stated.
 
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India will not ban petrol, diesel vehicles: Transport minister

Thursday, September 5, 2019, 5:55 PM

The union government will not ban conventional internal combustion engine-driven vehicles to promote electric mobility while also looking at reducing taxes on hybrids to boost demand in the short term, said Nitin Gadkari, union minister for road transport and highways, at the annual convention of the Society of Indian Automobile Manufacturers (SIAM).

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