Hyderabad: The State government’s efforts to promote textile and handloom industries in Telangana have begun yielding results with investments being made in the sector by private industrial groups, IT and Industries Minister K T Rama Rao informed the Assembly on Friday.
TIRUPUR, India — When Alan Greenspan ran a consulting firm and wanted to know where the economy was headed, he would often look at sales of men’s underwear as a guide.
Friday proved to be a big day for India Inc. after a slew of tax concessions including reduction in corporate tax from 30 per cent to 22 per cent, the GST Council has lowered tax on a number of goods and services to spur demand.
An exemption-free tax rate of 22% — 25.17% including cesses and surcharge — sounds attractive, but an analysis of the tax liability of firms listed in Sensex suggests more than half have reason to stick to the existing tax regime.
PUNE: The Confederation of All India Traders (CAIT) has expressed satisfaction on decisions of GST Council meeting held today and complimented finance minister Nirmala Sitharaman for allowing relaxation to traders having annual turnover upto Rs 2 crore from filing of annusl GST returns for last two years.
Markets jumped after a long slump, India Inc was delighted and experts gave a big thumbsup as the government on Friday launched a determined, and the biggest to date, bid to reverse the slowdown.