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Last Updated : Sep 20, 2019 05:46 PM IST | Source: Moneycontrol.com

Editor's Take | Decoding Nirmala Sitharaman's corporate tax cut and boost to economy

Markets reacted positively as Nifty ended the day more than five percent higher at 11,274.

Moneycontrol News @moneycontrolcom

Finance Minister Nirmala Sitharaman on September 20 announced that the effective corporate tax rate will be slashed from 30 percent to 25.17 percent.

Markets reacted positively as Nifty ended the day more than five percent higher at 11,274 and Sensex rose nearly 2,000 points to end the day at 38,014.

Sakshi Batra chats with Moneycontrol Deputy Executive Editor Gaurav Choudhary to find out how this rate cut will help the economy.

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First Published on Sep 20, 2019 05:12 pm
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