Arjun SenAsked on 20 September, 2019
What did Nirmala Sitharaman announce?
Nirmala Sitharaman announced a cut in corporate taxes. The tax rate for domestic companies was fixed at 22% and for new manufacturing units it was pegged at 15%.
Trishla MalikAsked on 20 September, 2019
From when will the new tax rates be implemented?
The new tax rates will be implemented from this fiscal year itself.
Aarav GuptaAsked on 20 September, 2019
How did India Inc. react to the announcement?
India Inc. welcomed the move and said "Diwali has come early".
Sai SenguptaAsked on 20 September, 2019
What did Narendra Modi say on the decision?
PM Modi said his government is committed to making India a $5 trillion economy.