Economy

News on Indian Economy

Corporate Tax Cut: BOLDEST STEP in Past 28 Years! SBI Chairman Lauds Sitharaman’s Big Decision

In an official release, the SBI chairman said, “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 bottomline, 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!”

Mumbai Coast Gets Another Strategic Asset – India’s First State of Art Dry Dock

Naval officers said the dock will be dedicated to the Indian naval command and has the capacity to dock the aircraft carrier, INS Vikramaditya, for repair and maintenance, not to speak of nuclear submarines. With a length of 281 metres, width of 45 metres and depth of close to 17 metres—almost equivalent to a five-storey building—the dry dock is nothing short of a construction marvel.