In these recent weeks Finance Minister Nirmala Sitharaman has been making a bunch announcements with measures to revive the economy which is currently headed towards a slowdown and today she announced that corporate tax rates for domestic companies have been slashed from 30 percent to 22 percent.
As a result after the announcement the sensex zoomed straight upto 2000 points — that’s a record gain in a decade. The rupee too went up by 66 paise against the US dollar. So how will this move benefit domestic companies and boost investment, jobs and consumption? And most importantly, what it is to us commoners?
We’ll look at all this in this podcast. Tune in to The Big Story!