Economy & Nation

Around 1,000 companies would save nearly Rs 37,000 crore due to recent corporate tax rate cut, according to a Crisil report on Sunday.   A study of nearly 1,000 companies, spread across 80 sectors, which cover over 70 per cent of the National Stock Exchange's market capitalisation...
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Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global rating agency Moody's said on Saturday.   On September 20, Finance minister Nirmala Sitharaman announced a reduction in the base corporate tax rate to 22% from 30% as part of...
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With an aim to boost market sentiments, finance minister Nirmala Sitharaman on Friday announced rates cuts for corporates. While the corporate tax rate has been reduced to 22% from 30%, new manufacturing companies can pay an income tax of 15% instead of 25%, provided that they do not seek...
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The Reserve Bank of India has revised the norms of concurrent audit of banks whereby the apex bank has capped the term for concurrent auditors at three years.   Concurrent audit aims at shortening the interval between a transaction and its independent examination.    "The age...
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In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit "shamiana meetings" in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers and banks won't declare any...
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