Ajay Piramal, Chairman, Piramal Group said that “the announcement made by the Finance Minister today is commendable. With this, the Government has signaled that it is listening to the industry and is willing to embrace it as a partner for the progress of the Country. We are certain that this Big Bang reform will kickstart the economy. Surplus funds available to companies will be invested in capex and talent. The NBFC sector will save between Rs. 250 – 300 crore that can potentially be redeployed as loans. In a climate of the global slowdown, this reform will make India an attractive destination for FIIs and long term investors. The announcement has brought parity to India’s corporate tax rate compared to that of advanced markets thus making it very competitive.”
About Neel Achary
18995 Articles
Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.
Related Articles
Rajnish Kumar joins BharatPe Board as the Chairman
New Delhi: BharatPe, India’s fastest growing Fintech company, today announced the appointment of Rajnish Kumar on its Board. Rajnish Kumar, one of the most respectable names in the banking industry in India and erstwhile Chairman […]
Dr. PR Sodani Takes Over As 4th President of IIHMR University Jaipur
April 16, 2021
Rekha Nair
Education
Comments Off on Dr. PR Sodani Takes Over As 4th President of IIHMR University Jaipur
Jaipur: On joining as President of IIHMR University, Dr. PR Sodani said, “It gives me immense pleasure to start the new journey as President (Vice Chancellor) of IIHMR University, which has rich legacy in 36 […]
Wadhwani Foundation announces the Sahayata Initiative to help distressed SMEs
July 7, 2020
team
Business
Comments Off on Wadhwani Foundation announces the Sahayata Initiative to help distressed SMEs
The Wadhwani Foundation (WF) today announced the Sahayata Initiative to help distressed small and medium enterprises (SMEs) affected by the economic crisis and public health workers improve COVID-19 knowledge and skills. The Wadhwani Foundation is […]