RBI guv welcomes corp tax cuts, says its a bold move

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the reduction in corporate tax is a bold measure which will be highly positive for the economy. In a major fiscal booster, finance minister Nirmala Sitharaman on Friday morning slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies cheering everyone and sending the market to decadal single-day rally.

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